HybridMulti Asset AllocationRegularIDCWHigh

Kotak Multi Asset Allocation Fund

Q: What is the NAV of Kotak Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Kotak Multi Asset Allocation Fund is ₹14.56 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Multi Asset Allocation Fund delivered?

Kotak Multi Asset Allocation Fund has returned +2.53% over 1 year, +13.26% per year over 3 years and +13.26% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund charges an expense ratio of 1.77% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (9.2%), KOTAK MUTUAL FUND - KOTAK GOLD ETF (5.0%), STATE BANK OF INDIA. (3.6%), Maruti Suzuki India Limited (2.7%) and ETERNAL LIMITED (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.2% and its worst peak-to-trough fall in our sample was -15.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Multi Asset Allocation Fund's 0.55 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is benchmarked against the (NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) ). Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is managed by Abhishek Bisen, Devender Singhal, Jeetu Valechha Sonar and Hiten Shah at Kotak Mahindra.

Q: How is Kotak Multi Asset Allocation Fund taxed?

Kotak Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Kotak Mahindra Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹14.56

-0.91% 1D

as of 01 Oct 2026

This is the Regular plan of Kotak Multi Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+15.58% 3Y CAGR)

Performance

+3.52%CAGR

52-week rangePrev NAV ₹14.70

Latest ₹14.56

Low ₹14.0222nd percentile of its 52-week rangeHigh ₹16.48

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.77%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

15.50

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.55

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

For redemption / switch out of upto 30% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year from the date of allotment: NIL

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹100

(NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) )

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Oct 2023

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.63%

Absolute return over the last 3 months (not annualized)

-3.80%

Absolute return over the last 6 months (not annualized)

+2.18%

Absolute return since 1 Jan of this year (not annualized)

-4.83%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.53%

3-year annualized return (CAGR)

+13.26%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.26%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.22%

Excess return per unit of total volatility (rf = 6.5%)

0.55

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.73

Largest peak-to-trough decline over full history

-14.97%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

6.55%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.71

How much of the fund's movement Nifty 50 TRI explains

69.8%

Excess return per unit of beta (market risk)

10.99

Active return over the benchmark per unit of tracking error

0.89

Annualized std dev of fund-minus-benchmark returns

7.82%

Fund's share of benchmark gains in up months (100 = matches index)

84.0%

Fund's share of benchmark losses in down months (lower is better)

35.5%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-2.63%	—	—
3M abs	-3.80%	—	—
6M abs	+2.18%	—	—
1Y CAGR	+2.53%	—	—
3Y CAGR	+13.26%	—	—
5Y CAGR	—	—	—

Category average across peers in Multi Asset Allocation, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.16L

Absolute

-3.01%

XIRR

-6.47%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Kotak Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-4.83%	-12.85%	+8.02%
2025	+20.38%	+11.97%	+8.41%
2024	+16.16%	+10.16%	+6.00%
2023part	+9.12%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

739

Expense ratio

1.77%

AUM

₹13,629Cr

Portfolio turnover

63%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

15.5

P/B ratio

3.1

Avg market cap

₹2,67,178Cr

P/E & P/B are portfolio-weighted harmonic means across 56 of 66 equity holdings (63% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Asset Allocation

Compare all


Kotak Multi Asset Allocation FundThis fund Kotak Mahindra · Regular · IDCW	—	+2.53%	+13.26%	—	—	1.77%	₹13,629Cr
Quant Multi Asset Allocation Fund quant · Regular · IDCW	—	+11.87%	+20.82%	+17.00%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · IDCW	—	+0.73%	+14.52%	+12.18%	—	1.44%	₹15,069Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.20%	+11.86%	—	1.41%	₹17,976Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.19%	+11.85%	—	1.41%	₹17,976Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.19%	+11.85%	—	1.41%	₹17,976Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap51.7%
Mid cap26.5%
Small cap21.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity70.11%
Other14.66%
Debt10.15%
Cash & Equivalents5.05%
Real Estate / REITs0.03%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Multi Cap Fund Kotak Mahindra · Multi Cap Fund	59.3%	★★★★☆	0.70%	+15.97%
Kotak Equity Savings Fund Kotak Mahindra · Equity Savings	52.5% of 67% equity	★★★☆☆	1.07%	+9.76%
Kotak Conservative Hybrid Fund Kotak Mahindra · Conservative Hybrid Fund	37.7% of 24% equity	★★★★☆	0.61%	+8.32%
Kotak Contra Fund Kotak Mahindra · Contra Fund	37.2%	★★★★☆	0.80%	+14.18%
Kotak Special Opportunities Fund Kotak Mahindra · Sectoral/ Thematic	33.6%	★★★★★	1.01%	—
Kotak Focused Fund Kotak Mahindra · Focused Fund	32.5%	★★★★☆	0.74%	+13.81%
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	31.6%	★★★★☆	0.76%	+9.26%
HDFC Nifty Top 20 Equal Weight Index Fund HDFC · Index Funds	31.4%	★☆☆☆☆	0.36%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 2.23% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Mtar Technologies LimitedLong-term · Stage IV1.76%
Whirlpool of India LimitedShort-term · Stage I0.47%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-15.0%29 Jan 2026 → 30 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-12.5%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 23 Jul 2025 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹13,629Cr

April - June 2026

+13%

since January - March 2026

+₹1,796Cr

est. net flow, last quarter

At or near its largest, ₹13,629Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

ABAbhishek BisenStart date not disclosed

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm

Funds managed (80)

All schemes Abhishek Bisen runs →

DSDevender SinghalStart date not disclosed

Role

Equity Fund Manager

Education

PGDM (Finance, Insurance) Mathematics (Hon) Delhi University

Experience

Mr. Devender Singhal is managing the equity funds for Kotak AMC since Aug 2015. He is managing assets across multicap and hybrid strategies. He has more than 23 years of experience in fund management and equity research of which last 17 years has been with Kotak.Prior to joining Kotak Savings Fund AMC, He has been part of various PMS like Kotak, Religare, Karvy and P N Vijay Financial Services.

Funds managed (42)

All schemes Devender Singhal runs →

JSJeetu Valechha SonarStart date not disclosed

Role

Equity Fund Manager and Dealer

Education

P.G.D.M in Finance Management

Experience

Mr. Jeetu Valechha Sonar has more than 14 years' experience in Commodity and Equity dealing and advisory. Prior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Lid. and is part of Kotak Asset Group since 2014.

Funds managed (41)

All schemes Jeetu Valechha Sonar runs →

HSHiten ShahStart date not disclosed

Role

Equity Fund Manager and Dealer

Education

Master of Management studies from Mumbai University & BCOM

Experience

Mr. Hiten Shah, is a MMS in Finance with over 16 years of work experience. Prior to joining Kotak Mahindra Mutual fund, he was associated with Edelweiss Asset Management for more than 8 years as a Co-Fund manager and Chief dealer in equities segment. Mr. Hiten Shah was also associated with Edelweiss securities Ltd. as low risk arbitrage trader for more than

Funds managed (5)

All schemes Hiten Shah runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Abhishek Bisen Devender Singhal Jeetu Valechha Sonar Hiten Shah

Top holdings

STATE BANK OF INDIA.Maruti Suzuki India Limited ETERNAL LIMITED NTPC LTD ITC Ltd.Oracle Financial Services Software Ltd Hero MotoCorp Ltd.Indus Towers Ltd.Hindustan Unilever Ltd.Power Finance Corporation Ltd.INDO-MIM LTD SHRIRAM FINANCE LIMITED

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of Kotak Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Kotak Multi Asset Allocation Fund is ₹14.56 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Multi Asset Allocation Fund delivered?

Kotak Multi Asset Allocation Fund has returned +2.53% over 1 year, +13.26% per year over 3 years and +13.26% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund charges an expense ratio of 1.77% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (9.2%), KOTAK MUTUAL FUND - KOTAK GOLD ETF (5.0%), STATE BANK OF INDIA. (3.6%), Maruti Suzuki India Limited (2.7%) and ETERNAL LIMITED (2.5%). Holdings are disclosed monthly and change over time.

How risky is Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.2% and its worst peak-to-trough fall in our sample was -15.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Multi Asset Allocation Fund's 0.55 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is benchmarked against the (NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) ). Its alpha and beta on this page are measured against that index.

Who manages Kotak Multi Asset Allocation Fund?

Kotak Multi Asset Allocation Fund is managed by Abhishek Bisen, Devender Singhal, Jeetu Valechha Sonar and Hiten Shah at Kotak Mahindra.

How is Kotak Multi Asset Allocation Fund taxed?

Kotak Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.