The multi- asset fund category has beaten most debt and equity schemes returns on a year-to-date basis. This was driven by the fund houses which had higher gold allocation compared to equity.

Data on Value Research shows that on a year-to-date basis the category average returns of multi-asset has been 10% — the fourth highest year-to-date returns among all equity and debt categories. Only international equity and two sectoral categories – auto and banks –gave better returns in the range of 10.58%-25.46%.

Golden edge: How precious metals boosted returns

Pankaj Shrestha, head of investment advisory at PL Capital explained that the gold and silver component has made a big change in returns and that will still continue on likely safe haven buying as the dollar is expected to weaken.

See Full Page