Two of the largest Multi Asset Allocation funds side by side: returns, risk, cost, size and what they hold. Prices as of 2 Nov 2026.
Past returns do not tell you future returns.
| ICICI Prudential Multi Asset Allocation Fund ICICI Prudential | Kotak Multi Asset Allocation Fund Kotak Mahindra | |
|---|---|---|
| Returns | ||
| 1 year | -3.0% | +3.1% |
| 3 years, a year | +12.1% | +14.3% |
| 5 years, a year | +13.1% | — |
| Since launch, a year | +13.7% | +13.9% |
| 3-year rank in category | 11 of 15 | 5 of 15 |
| Benchmark, 3 years | — | +12.3% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 10.5% | 15.8% |
| Biggest fall, 3 years | -9.6% | -13.9% |
| Sharpe ratio, 3 years | 0.74 | 0.67 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.43% | 1.77% |
| Money in the fund | ₹83,186 cr | ₹14,716 cr |
| Running for | 24.0 years | 3.1 years |
| Minimum SIP | ₹250 | — |
| Benchmark | Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | ICICI Prudential | Kotak Mahindra |
|---|---|---|
| HDFC Bank Ltd. | 6.1% | 2.4% |
| ITC Ltd. | 1.6% | 2.5% |
| Hindustan Unilever Ltd. | 1.5% | 2.0% |
| NTPC Ltd. | 1.4% | 2.5% |
| Maruti Suzuki India Ltd. | 1.4% | 2.4% |
| ICICI Bank Ltd. | 3.6% | 1.4% |
| Bharti Airtel Ltd. | 1.6% | 1.3% |
| Reliance Industries Ltd. | 3.2% | 1.2% |
| State Bank Of India | 1.0% | 3.3% |
| TML Commercial Vehicles Ltd. | 0.7% | 0.9% |
Both are Multi Asset Allocation funds, from ICICI Prudential and Kotak Mahindra. ICICI Prudential Multi Asset Allocation Fund manages ₹83,186 cr and Kotak Multi Asset Allocation Fund ₹14,716 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
ICICI Prudential Multi Asset Allocation Fund, at 1.43% a year, against 1.77% for Kotak Multi Asset Allocation Fund.
Over three years, ICICI Prudential Multi Asset Allocation Fund returned +12.1% a year and Kotak Multi Asset Allocation Fund +14.3% a year. Over one year they returned -3.0% and +3.1%. Past returns do not indicate future returns.
They hold 18.5% of the same investments, 45.0% of the same industries and 51.8% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.