India, Feb. 24 -- If you look at the performance of various asset classes over the last 10 years, you will notice that asset classes take turns to outperform each other every year. It is challenging to predict which asset class will be the best performer next year. Hence, an investor should follow asset allocation and create a diversified investment portfolio. To do that, an investor can take a do-it-yourself (DIY) approach or invest in a multi-asset allocation fund. Both methods have their pros and cons. In this article, we will discuss both approaches to determine which is better and which one you should follow.

A diversified investment portfolio spreads investment risk across various asset classes, such as domestic and international e...