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.
| SBI Multi Asset Allocation Fund SBI | Kotak Multi Asset Allocation Fund Kotak Mahindra | |
|---|---|---|
| Returns | ||
| 1 year | +1.7% | +3.1% |
| 3 years, a year | +12.7% | +14.3% |
| 5 years, a year | +11.4% | — |
| Since launch, a year | +9.3% | +13.9% |
| 3-year rank in category | 7 of 15 | 5 of 15 |
| Benchmark, 3 years | +12.5% | +12.3% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 9.3% | 15.8% |
| Biggest fall, 3 years | -8.7% | -13.9% |
| Sharpe ratio, 3 years | 0.84 | 0.67 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.38% | 1.77% |
| Money in the fund | ₹20,828 cr | ₹14,716 cr |
| Running for | 21.0 years | 3.1 years |
| Minimum SIP | — | — |
| Benchmark | 45% BSE 500 TRI + 40% Crisil Composite Bond Fund 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 | SBI | Kotak Mahindra |
|---|---|---|
| HDFC Bank Ltd. | 1.8% | 2.4% |
| Bandhan Bank Ltd. | 1.7% | 1.5% |
| Indus Towers Ltd. | 1.4% | 2.1% |
| ICICI Bank Ltd. | 1.5% | 1.4% |
| Samvardhana Motherson International Ltd. | 1.3% | 1.0% |
| Reliance Industries Ltd. | 1.0% | 1.2% |
| Muthoot Finance Ltd. | 0.7% | 0.7% |
| Oil India Ltd. | 0.5% | 1.4% |
| Aditya Birla Sun Life Amc Ltd. | 0.8% | 0.5% |
| ITC Ltd. | 0.5% | 2.5% |
Both are Multi Asset Allocation funds, from SBI and Kotak Mahindra. SBI Multi Asset Allocation Fund manages ₹20,828 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.
SBI Multi Asset Allocation Fund, at 1.38% a year, against 1.77% for Kotak Multi Asset Allocation Fund.
Over three years, SBI Multi Asset Allocation Fund returned +12.7% a year and Kotak Multi Asset Allocation Fund +14.3% a year. Over one year they returned +1.7% and +3.1%. Past returns do not indicate future returns.
They hold 12.2% of the same investments, 31.8% of the same industries and 34.9% 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.