The average gold and silver holding of multi-asset funds, which stood at 17 per cent in March 2025, was down to 13 per cent in April 2026. The number of schemes with 15 per cent or more commodity holding has shrunk from 15 to just four in the same period, showed data from Value Research.
Multi-asset funds invest across equity, debt and commodities depending on the market condition. The allocations are typically determined by quantitative and valuation-based models that take into account factors such as equity valuations, yields offered by fixed-income instruments, relative commodity valuations, interest rate outlook and economic growth indicators.