The present invention provides an aqueous composition and an aqueous composition comprising a titanium compound, having a deodorant, antimicrobial or antifungal effect. That is, the present invention relates to an aqueous composition comprising a metal composition comprising iron, aluminum and potassium, and water, where the aqueous composition may contain tetrahydroxytitanium hydrochloride, and a deodorant and an antimicrobial and/or antifungal agent comprising the aqueous composition.