Bajaj Finserv Multi Asset Allocation Fund vs Kotak Multi Asset Allocation Fund
Bajaj Finserv Multi Asset Allocation Fund and Kotak Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +17.20%, 5-year CAGR — vs —, volatility 11.50% vs 11.66%, maximum drawdown −13.21% vs −13.79%. Their portfolios overlap by 19.6% (18 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹12.5801 | ₹16.1990 |
| NAV date | 6 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 6 Jun 2024 | 3 Oct 2023 |
| Track record | 2.4 yrs | 3.1 yrs |
| Fund size (AUM) | ₹1,913 Cr | ₹15,397 Cr |
| Securities held | 69 | 99 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| 1 month | +2.74% | −0.70% |
| 3 months | −2.19% | −3.42% |
| 6 months | +0.64% | −2.33% |
| 1 year | +5.64% | +9.01% |
| 3 years (CAGR) | — | +17.20% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +9.79% | +16.76% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | −0.04% | +0.56% |
| 2025 | +20.92% | +24.37% |
| 2024 | — | +17.87% |
Risk
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 11.50% | 11.66% |
| Downside volatility ⓘ | 8.44% | 7.88% |
| Sharpe ratio ⓘ | 0.29 | 0.92 |
| Sortino ratio ⓘ | 0.39 | 1.36 |
| Maximum drawdown ⓘ | −13.21% | −13.79% |
| Recovery from that fall | — | — |
| Current fall from peak | −5.49% | −6.74% |
| Rolling 1-year return: worst | −0.00% | +2.46% |
| Rolling 1-year return: median | +12.25% | +17.17% |
| Rolling 1-year return: best | +30.29% | +39.22% |
| Share of 1-year periods with a loss | 0.28% | 0.00% |
Against each fund's benchmark
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.70 | 0.67 |
| Alpha (Jensen's, annualised) ⓘ | +5.34% | +7.48% |
| R² ⓘ | 82.03 | 70.20 |
| Upside capture | 84.33% | 86.17% |
| Downside capture | 45.66% | 33.40% |
| Tracking error | 6.61% | 8.12% |
| Information ratio | 1.22 | 0.95 |
| Treynor ratio | 0.06 | 14.59 |
Portfolio
Asset mix
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Equity | 62.02% | 69.28% |
| Gold | 13.55% | 5.74% |
| REITs / InvITs | 8.23% | 0.36% |
| Debt | 5.30% | 10.59% |
| Cash & equivalents | 4.86% | 5.94% |
| Mutual Fund Units | 4.37% | 0.55% |
| Silver | 1.67% | 7.90% |
Market-cap split (share of fund assets)
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Large Cap | 44.04% | 34.65% |
| Mid Cap | 4.86% | 16.02% |
| Small Cap | 12.53% | 14.51% |
| Unclassified | 0.59% | 4.10% |
Concentration
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 38.88% | 34.40% |
| Effective number of stocks ⓘ | 39.1 | 45.4 |
| Securities held | 69 | 99 |
Portfolio overlap: 19.6%
18 companies are held by both funds; by weight, 19.6% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation |
|---|---|---|
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 3.02% | 5.74% |
| State Bank of India | 2.99% | 3.27% |
| HDFC Bank Limited | 6.20% | 2.39% |
| Indus Towers Limited | 1.42% | 2.09% |
| ICICI Bank Limited | 5.66% | 1.36% |
| Shriram Finance Limited | 1.34% | 1.74% |
| Bharti Airtel Limited | 2.08% | 1.27% |
| Reliance Industries Limited | 1.90% | 1.19% |
| Hindustan Unilever Ltd. | 1.02% | 1.98% |
| Tata Steel Ltd. | 1.63% | 0.67% |
| Tata Motors Ltd | 0.67% | 0.88% |
| Hindustan Zinc Limited | 0.62% | 0.93% |
| Whirlpool of India Ltd. | 1.32% | 0.52% |
| ITC Limited | 0.47% | 2.54% |
| Embassy Office Parks REIT | 3.26% | 0.36% |
Top 10 holdings
Bajaj Finserv Multi Asset Allocation
- DSP Gold ETF7.97%
- HDFC Bank Limited6.20%
- ICICI Bank Limited5.66%
- Embassy Office Parks REIT3.26%
- KOTAK MUTUAL FUND - KOTAK GOLD ETF3.02%
- State Bank of India2.99%
- Bajaj Finserv Money Market Fund-Direct Plan-Growth2.65%
- NCD AXIS FINANCE LTD2.58%
- Larsen & Toubro Limited2.30%
- Divi's Laboratories Limited2.25%
Kotak Multi Asset Allocation
- KOTAK MUTUAL FUND - KOTAK SILVER ETF7.90%
- KOTAK MUTUAL FUND - KOTAK GOLD ETF5.74%
- State Bank of India3.27%
- INDO-MIM Ltd.2.91%
- ITC Limited2.54%
- NTPC Limited2.51%
- Eternal Limited2.50%
- Maruti Suzuki India Limited2.40%
- HDFC Bank Limited2.39%
- Hero MotoCorp Limited2.24%
Sector exposure
| Bajaj Finserv Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Banks | 16.84% | 11.42% |
| ETF Units | 3.02% | 13.64% |
| Mutual Funds | 9.64% | 0.00% |
| Pharmaceuticals & Biotechnology | 8.17% | 3.19% |
| Realty | 7.16% | 0.80% |
| Finance | 3.60% | 5.58% |
| Power | 1.07% | 4.89% |
| Unclassified | 4.80% | 0.00% |
| Automobiles | 2.53% | 4.64% |
| Diversified FMCG | 1.49% | 4.52% |
| Industrial Manufacturing | 0.00% | 4.10% |
| CRISIL A1+ | 0.00% | 3.53% |
| Telecom - Services | 3.50% | 2.66% |
| Retailing | 0.00% | 3.25% |
Questions people ask
What is the difference between Bajaj Finserv Multi Asset Allocation and Kotak Multi Asset Allocation returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +5.64% vs +9.01%; 3-year CAGR — vs +17.20%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Bajaj Finserv Multi Asset Allocation and Kotak Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 11.50% vs 11.66%; Sharpe ratio 0.29 vs 0.92; Sortino ratio 0.39 vs 1.36; maximum drawdown −13.21% vs −13.79%; beta 0.70 vs 0.67.
How much do Bajaj Finserv Multi Asset Allocation and Kotak Multi Asset Allocation overlap?
By weight, 19.6% of the two portfolios is invested in the same companies; 18 stocks are held by both, the largest shared positions being KOTAK MUTUAL FUND - KOTAK GOLD ETF, State Bank of India, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Bajaj Finserv Multi Asset Allocation and Kotak Multi Asset Allocation?
Bajaj Finserv Multi Asset Allocation: large cap 44.0%, mid cap 4.9%, small cap 12.5%. Kotak Multi Asset Allocation: large cap 34.7%, mid cap 16.0%, small cap 14.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.