HDFC Multi Asset Allocation Fund vs Kotak Multi Asset Allocation Fund
HDFC Multi Asset Allocation Fund and Kotak Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.54% vs +16.58%, 5-year CAGR +11.11% vs —, volatility 8.18% vs 11.59%, maximum drawdown −27.08% vs −13.79%. Their portfolios overlap by 18.5% (22 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
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹85.3470 | ₹15.9370 |
| NAV date | 5 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 3 Oct 2023 |
| Track record | 13.8 yrs | 3.1 yrs |
| Fund size (AUM) | ₹5,782 Cr | ₹15,397 Cr |
| Securities held | 113 | 99 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| 1 month | +3.49% | −1.72% |
| 3 months | −0.41% | −4.44% |
| 6 months | +1.57% | −3.48% |
| 1 year | +2.49% | +7.25% |
| 3 years (CAGR) | +12.54% | +16.58% |
| 5 years (CAGR) | +11.11% | — |
| 7 years (CAGR) | +13.92% | — |
| 10 years (CAGR) | +11.57% | — |
| Since launch (CAGR) | +11.40% | +16.16% |
| SIP return (XIRR, 5 years) ⓘ | +10.90% | — |
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
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | +0.64% | −1.06% |
| 2025 | +14.45% | +24.37% |
| 2024 | +14.82% | +17.87% |
| 2023 | +19.43% | — |
| 2022 | +5.77% | — |
| 2021 | +19.65% | — |
Risk
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 8.18% | 11.59% |
| Downside volatility ⓘ | 5.84% | 7.88% |
| Sharpe ratio ⓘ | 0.74 | 0.87 |
| Sortino ratio ⓘ | 1.04 | 1.28 |
| Maximum drawdown ⓘ | −27.08% | −13.79% |
| Recovery from that fall | 4 months | — |
| Current fall from peak | −1.91% | −8.25% |
| Rolling 1-year return: worst | −19.92% | +2.46% |
| Rolling 1-year return: median | +11.04% | +17.17% |
| Rolling 1-year return: best | +64.26% | +39.22% |
| Share of 1-year periods with a loss | 7.20% | 0.00% |
Against each fund's benchmark
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.52 | 0.67 |
| Alpha (Jensen's, annualised) ⓘ | +3.01% | +7.48% |
| R² ⓘ | 89.13 | 70.20 |
| Upside capture | 65.78% | 86.17% |
| Downside capture | 33.17% | 33.40% |
| Tracking error | 7.64% | 8.12% |
| Information ratio | 0.35 | 0.95 |
| Treynor ratio | 8.93 | 14.59 |
Portfolio
Asset mix
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Equity | 69.09% | 69.28% |
| Gold | 11.71% | 5.74% |
| Debt | 11.21% | 10.59% |
| Cash & equivalents | 4.06% | 5.94% |
| REITs / InvITs | 2.12% | 0.36% |
| Silver | 1.81% | 7.90% |
| Mutual Fund Units | 0.00% | 0.55% |
Market-cap split (share of fund assets)
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Large Cap | 55.99% | 34.65% |
| Mid Cap | 5.25% | 16.02% |
| Small Cap | 7.85% | 14.51% |
| Unclassified | 0.00% | 4.10% |
Concentration
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 41.82% | 34.40% |
| Effective number of stocks ⓘ | 32.6 | 45.4 |
| Securities held | 113 | 99 |
Portfolio overlap: 18.5%
22 companies are held by both funds; by weight, 18.5% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HDFC Multi Asset Allocation | Kotak Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 6.86% | 2.39% |
| Maruti Suzuki India Limited | 1.94% | 2.40% |
| NTPC Limited | 1.87% | 2.51% |
| ICICI Bank Limited | 4.74% | 1.36% |
| Bharti Airtel Limited | 2.89% | 1.27% |
| State Bank of India | 1.24% | 3.27% |
| Reliance Industries Limited | 4.86% | 1.19% |
| Hindustan Unilever Ltd. | 0.93% | 1.98% |
| Hero MotoCorp Limited | 0.91% | 2.24% |
| Eternal Limited | 0.89% | 2.50% |
| ITC Limited | 0.68% | 2.54% |
| Tata Steel Ltd. | 1.21% | 0.67% |
| Indus Towers Limited | 0.65% | 2.09% |
| Tata Motors Ltd | 0.51% | 0.88% |
| Punjab National Bank | 0.42% | 0.96% |
Top 10 holdings
HDFC Multi Asset Allocation
- HDFC Gold Exchange Traded Fund11.71%
- HDFC Bank Limited6.86%
- Reliance Industries Limited4.86%
- ICICI Bank Limited4.74%
- Bharti Airtel Limited2.89%
- Kotak Mahindra Bank Limited2.60%
- Axis Bank Limited2.54%
- Maruti Suzuki India Limited1.94%
- NTPC Limited1.87%
- HDFC Silver ETF1.81%
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
| HDFC Multi Asset Allocation | Kotak Multi Asset Allocation | |
|---|---|---|
| Banks | 17.98% | 11.42% |
| ETF Units | 0.00% | 13.64% |
| Exchange Traded Funds | 11.71% | 0.00% |
| Finance | 2.34% | 5.58% |
| Petroleum Products | 5.38% | 1.19% |
| Automobiles | 5.28% | 4.64% |
| Power | 3.17% | 4.89% |
| Pharmaceuticals & Biotechnology | 4.62% | 3.19% |
| Diversified FMCG | 1.61% | 4.52% |
| IT - Software | 4.13% | 2.26% |
| Industrial Manufacturing | 0.00% | 4.10% |
| Telecom - Services | 3.54% | 2.66% |
| CRISIL A1+ | 0.42% | 3.53% |
| Insurance | 3.27% | 0.49% |
Questions people ask
What is the difference between HDFC Multi Asset Allocation and Kotak Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +2.49% vs +7.25%; 3-year CAGR +12.54% vs +16.58%; 5-year CAGR +11.11% vs —; 10-year CAGR +11.57% vs —. Past returns do not indicate future returns.
How do HDFC Multi Asset Allocation and Kotak Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 8.18% vs 11.59%; Sharpe ratio 0.74 vs 0.87; Sortino ratio 1.04 vs 1.28; maximum drawdown −27.08% vs −13.79%; beta 0.52 vs 0.67.
How much do HDFC Multi Asset Allocation and Kotak Multi Asset Allocation overlap?
By weight, 18.5% of the two portfolios is invested in the same companies; 22 stocks are held by both, the largest shared positions being HDFC Bank Limited, Maruti Suzuki India Limited, NTPC Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Multi Asset Allocation and Kotak Multi Asset Allocation?
HDFC Multi Asset Allocation: large cap 56.0%, mid cap 5.3%, small cap 7.9%. 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 5 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.