Why multi asset allocation mutual funds are not suitable for all investors Synopsis Multi asset funds have just one task— allow investors access to multiple asset classes under one roof without worrying about doing asset allocation and rebalancing on their own. The one-size-fits-all approach of the funds may not be suitable for all investors. The basket of multi asset allocation funds is expanding rapidly. After a hiatus of six years, fund houses are rushing to launch new offerings in this space. Since last year, six new multi asset funds have been launched. Some are trying to be different by offering avenues beyond the traditional mix of equity, debt and gold. Are these newer breeds worthy additions or just old wine in a new bottle?