By balancing risk and reward, investors made up to 50% returns in multi-asset allocation funds

Quant Multi Asset Fund, the top-performing and oldest in its category, posted a 49.77% return over the last year. UTI Multi Asset Allocation Fund ranked second with a 39.81% return. Baroda BNP Paribas Multi Asset Fund and Nippon India Multi Asset Allocation Fund followed, delivering returns of 33.54% and 33.23%, respectively.
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