DSP Multi Asset Allocation Fund vs Kotak Multi Asset Allocation Fund
DSP Multi Asset Allocation Fund (Direct) and Kotak Multi Asset Allocation Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Multi Asset Allocation schemes — see the best multi asset allocation mutual funds for the full ranking.
Head to head
NAVs as of 03 Nov 2026
Growth of ₹100 (rebased over the selected window)
Common period 03 Oct 2023 – 03 Nov 2026, limited by Kotak Multi Asset Allocation Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
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| Date | DSP Multi Asset Allocation Fund | Kotak Multi Asset Allocation Fund | Nifty 50 TRI |
|---|---|---|---|
| 03 Oct 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 05 Jan 2024 | ₹109.02 | ₹109.85 | ₹111.56 |
| 08 Apr 2024 | ₹116.97 | ₹117.92 | ₹116.84 |
| 11 Jul 2024 | ₹125.53 | ₹129.28 | ₹125.74 |
| 13 Oct 2024 | ₹131.13 | ₹132.58 | ₹129.49 |
| 15 Jan 2025 | ₹128.10 | ₹127.04 | ₹120.81 |
| 19 Apr 2025 | ₹132.28 | ₹127.15 | ₹124.56 |
| 21 Jul 2025 | ₹142.66 | ₹136.64 | ₹131.45 |
| 23 Oct 2025 | ₹153.24 | ₹148.86 | ₹136.12 |
| 25 Jan 2026 | ₹165.43 | ₹164.92 | ₹132.12 |
| 29 Apr 2026 | ₹165.49 | ₹163.58 | ₹127.96 |
| 01 Aug 2026 | ₹168.87 | ₹163.71 | ₹129.47 |
| 03 Nov 2026 | ₹163.25 | ₹156.35 | ₹126.85 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
- 53 stocks only in DSP Multi Asset Allocation Fund
- 17 stocks in both — 24.1% of each portfolio by weight
- 51 stocks only in Kotak Multi Asset Allocation Fund
The more the circles overlap, the more the funds hold the same stocks.
DSP Multi Asset Allocation Fund and Kotak Multi Asset Allocation Fund share 24% of their equity book by weight.
Shared holdings — DSP Multi Asset Allocation Fund vs Kotak Multi Asset Allocation Fund
| Stock | DSP Multi Asset Allocation Fund | Kotak Multi Asset Allocation Fund | |
|---|---|---|---|
| HDFC Bank Limited | 7.05% | 3.38% | 3.38% |
| State Bank of India | 2.65% | 4.62% | 2.65% |
| ICICI Bank Limited | 5.56% | 1.92% | 1.92% |
| NTPC Limited | 1.91% | 3.55% | 1.91% |
| Bharti Airtel Limited | 4.02% | 1.79% | 1.79% |
| Maruti Suzuki India Limited | 1.77% | 3.39% | 1.77% |
| Reliance Industries Limited | 2.97% | 1.68% | 1.68% |
| Samvardhana Motherson International Limited | 2.01% | 1.44% | 1.44% |
| Oil India Limited | 1.39% | 2.01% | 1.39% |
| Hindustan Zinc Limited | 2.01% | 1.31% | 1.31% |
| Tata Motors Limited | 1.53% | 1.24% | 1.24% |
| Hero MotoCorp Limited | 0.98% | 3.16% | 0.98% |
| Life Insurance Corporation Of India | 1.55% | 0.69% | 0.69% |
| DLF Limited | 1.21% | 0.62% | 0.62% |
| Embassy Office Parks REIT | 2.83% | 0.51% | 0.51% |
2 more stocks in common. 17 shared of 70 / 68 positions. Weights are shown as a share of each fund's equity book.
| Metric | DSP · Direct NAV ₹16.24 High risk ★★★★★ | Kotak Mahindra · Direct NAV ₹15.69 High risk ★★★☆☆ | Category median Multi Asset Allocation · 37 funds |
|---|---|---|---|
| +5.44%Best in row | +4.88% | +4.23% | |
| +17.30%Best in row | +15.99% | +14.32% | |
| +16.96% | +15.59% | +11.08% | |
| +17.49%Best in row | +16.56% | +16.64% | |
| Risk | |||
| 8.96%Best in row | 12.39% | 10.20% | |
| 1.20Best in row | 0.77 | 0.80 | |
| 1.68Best in row | 1.02 | 1.10 | |
| -9.71% | -13.79% | -11.95% | |
| +8.95%Best in row | +7.70% | +5.76% | |
| 0.44 | 0.66 | 0.61 | |
| 74.8% | 80.7%Best in row | 79.9% | |
| 6.2%Best in row | 22.6% | 29.5% | |
| 0.62% | 0.63% | 0.85% | |
| ₹10,742Cr | ₹15,048Cr | ₹1,950Cr | |
| ₹100 | — | — | |
| 168% | 63% | 97% | |
| Shantanu Godambe | Abhishek Bisen | — | |
| 27 Sep 2023 | 22 Sep 2023 | — | |
| 70 | 68 | — | |
| 19.5% | 24.8% | — | |
| 13.5% | 4.3% | — | |
9 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
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- 5Y SIP XIRR
- —
- 5Y rolling avg
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- 10Y rolling avg
- —
- Benchmark
- Nifty 50 TRI
- Exit load
- Up to 1.00%
- Lock-in
- None
- Min lumpsum
- ₹100
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — DSP Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Over the last 3 years, DSP Multi Asset Allocation Fund returned +17.30% CAGR against Kotak Multi Asset Allocation Fund's +15.99%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — DSP Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund has the lower expense ratio: DSP Multi Asset Allocation Fund charges 0.62% a year against Kotak Multi Asset Allocation Fund's 0.63%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — DSP Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund has shown higher volatility (+12.39% annualized vs DSP Multi Asset Allocation Fund's +8.96%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: DSP Multi Asset Allocation Fund -9.71% vs Kotak Multi Asset Allocation Fund -13.79%.
Which fund manages more money — DSP Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund is the larger fund: DSP Multi Asset Allocation Fund manages ₹10,742Cr against Kotak Multi Asset Allocation Fund's ₹15,048Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are DSP Multi Asset Allocation Fund and Kotak Multi Asset Allocation Fund in the same category?
Yes — both are Multi Asset Allocation schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.