Investors seeking to diversify their portfolios often consider gold and silver ETFs, commodity-themed mutual funds, and multi-asset allocation funds. Gold and silver ETFs provide direct exposure to the metals, while commodity funds, such as the ICICI Prudential Commodities Fund, invest in companies linked to the commodity sector rather than the commodities themselves. According to Samir Shah, Founder of Investa Financial, these funds are technically equity funds focused on sectors like metals and mining, energy, and oil. Commodity funds can deliver strong returns, averaging 20-22% over the past three to five years, but they are highly volatile and not suitable for long-term investment. Shah advises limiting exposure to these funds to 5-10% of the portfolio, depending on the investor's risk tolerance. Multi-asset allocation funds combine different asset classes, offering a balanced approach to investment. For most investors, a diversified strategy using multi-asset funds or small allocations to gold ETFs is recommended, while commodity funds should be used selectively to take advantage of market cycles.