Multi Asset Fund category!

In last one & half year multi-asset fund category has become very popular. It has to have minimum allocation to three asset categories and a minimum 10% allocation to each asset category. First thing to note is the components of the fund. Does it have exposure to global equities, Reits/Invits, commodities like silver/gold, etc. Second important thing to note is the tax liability. There will no tax liability when the fund is shifting money between asset classes. to qualify for equity taxation, the fund must have a domestic equity exposure of at least 65 per cent. Otherwise, it is taxed as a debt fund. Looking at some existing funds. ICICI Prudential Multi Asset stood out with some impressive returns. Nippon India Multi Asset too, but a much shorter track record.