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.
| Kotak Multi Asset Allocation Fund Kotak Mahindra | DSP Multi Asset Allocation Fund DSP | |
|---|---|---|
| Returns | ||
| 1 year | +3.1% | +3.5% |
| 3 years, a year | +14.3% | +15.5% |
| 5 years, a year | — | — |
| Since launch, a year | +13.9% | +15.2% |
| 3-year rank in category | 5 of 15 | 3 of 15 |
| Benchmark, 3 years | +12.3% | — |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 15.8% | 10.9% |
| Biggest fall, 3 years | -13.9% | -9.9% |
| Sharpe ratio, 3 years | 0.67 | 1.07 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.77% | 1.57% |
| Money in the fund | ₹14,716 cr | ₹10,902 cr |
| Running for | 3.1 years | 3.1 years |
| Minimum SIP | — | — |
| Benchmark | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite Index + 20% MSCI World Index |
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 | Kotak Mahindra | DSP |
|---|---|---|
| HDFC BANK LTD. | 2.4% | 3.5% |
| ICICI BANK LTD. | 1.4% | 2.8% |
| STATE BANK OF INDIA. | 3.3% | 1.3% |
| BHARTI AIRTEL LTD. | 1.3% | 2.0% |
| RELIANCE INDUSTRIES LTD. | 1.2% | 1.5% |
| Central Government - 2065 | 1.1% | 4.1% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 1.0% | 1.0% |
| NTPC LTD | 2.5% | 1.0% |
| Hindustan Zinc Ltd. | 0.9% | 1.0% |
| Maruti Suzuki India Limited | 2.4% | 0.9% |
Both are Multi Asset Allocation funds, from Kotak Mahindra and DSP. Kotak Multi Asset Allocation Fund manages ₹14,716 cr and DSP Multi Asset Allocation Fund ₹10,902 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
DSP Multi Asset Allocation Fund, at 1.57% a year, against 1.77% for Kotak Multi Asset Allocation Fund.
Over three years, Kotak Multi Asset Allocation Fund returned +14.3% a year and DSP Multi Asset Allocation Fund +15.5% a year. Over one year they returned +3.1% and +3.5%. Past returns do not indicate future returns.
They hold 16.5% of the same investments, 31.2% of the same industries and 37.7% 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.