New Delhi, June 30 -- Multi-asset allocation funds invest across multiple asset classes, allowing investors to benefit from diversification. However, each fund can deliver different outcomes depending on how its assets are allocated.

So, let's understand multi-asset allocation funds in detail and explore the top 5 funds based on their portfolio allocation.

Multi-asset allocation funds are hybrid mutual funds that must invest in at least three asset classes, such as equities, debt, and gold. As per SEBI regulations, each of 3 asset classes must have a minimum allocation of 10%.

Depending on the fund's strategy, the portfolio may include equities, fixed-income securities, gold or other commodities, real estate investment trusts (REITs), ...