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.
| Nippon India Multi Asset Allocation Fund Nippon India | Kotak Multi Asset Allocation Fund Kotak Mahindra | |
|---|---|---|
| Returns | ||
| 1 year | +2.2% | +3.1% |
| 3 years, a year | +15.8% | +14.3% |
| 5 years, a year | +12.3% | — |
| Since launch, a year | +15.2% | +13.9% |
| 3-year rank in category | 2 of 15 | 5 of 15 |
| Benchmark, 3 years | — | +12.3% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 11.5% | 15.8% |
| Biggest fall, 3 years | -10.9% | -13.9% |
| Sharpe ratio, 3 years | 0.98 | 0.67 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.45% | 1.77% |
| Money in the fund | ₹18,130 cr | ₹14,716 cr |
| Running for | 6.2 years | 3.1 years |
| Minimum SIP | ₹100 | — |
| Benchmark | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver | 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 | Nippon India | Kotak Mahindra |
|---|---|---|
| HDFC Bank Limited | 3.3% | 2.4% |
| State Bank of India | 1.7% | 3.3% |
| Eternal Limited | 1.6% | 2.5% |
| ICICI Bank Limited | 3.4% | 1.4% |
| Hindustan Unilever Limited | 1.3% | 2.0% |
| Reliance Industries Limited | 1.5% | 1.2% |
| NTPC Limited | 1.1% | 2.5% |
| Swiggy Limited | 0.8% | 0.7% |
| Bharti Airtel Limited | 0.6% | 1.3% |
| Shriram Finance Limited | 0.5% | 1.7% |
Both are Multi Asset Allocation funds, from Nippon India and Kotak Mahindra. Nippon India Multi Asset Allocation Fund manages ₹18,130 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.
Nippon India Multi Asset Allocation Fund, at 1.45% a year, against 1.77% for Kotak Multi Asset Allocation Fund.
Over three years, Nippon India Multi Asset Allocation Fund returned +15.8% a year and Kotak Multi Asset Allocation Fund +14.3% a year. Over one year they returned +2.2% and +3.1%. Past returns do not indicate future returns.
They hold 15.8% of the same investments, 41.2% of the same industries and 49.0% 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.