 "Investors might face high taxation, volatility in multi-asset play")
Multi-asset funds, which are being positioned as one-stop solution to mutual fund (MF) investors amid the current market conditions, might not live up to the tag as higher taxation and near-term equity market volatility could take a toll on returns.
Over the past three years, multi-asset funds have delivered returns of 4.3 per cent, under-performing the equity large-cap funds that gave returns of 4.6 per cent.
Debt categories such as ultra-short duration, short duration and low duration have, in fact, given higher returns than this category in the three-year period.
“Investors need to be wary of the funds they buy into, as there
