Kotak Multi Asset Allocation Fund

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Kotak Multi Asset Allocation Fund Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

Kotak Multi Asset Allocation Fund Regular Growth is an equity flexi-cap fund which captures India's diversified growth opportunities through a multi-asset approach, deploying capital across financials, consumer cyclicals, and industrials to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund's multi-asset allocation approach has delivered consistent downside protection across market cycles, outperforming its category in 9 of the past 12 years.

Dynamic Sector Rotation

The fund actively rotates across sectors, currently overweight financials and consumer cyclicals while underweight energy and industrials, expressing conviction in domestic consumption trends.

Balanced Risk Profile

With a beta of 0.8 and Sharpe ratio of 1.15, the fund offers equity-like returns with lower volatility, suitable as a core multi-asset holding for risk-aware investors.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Kotak Multi Asset Allocation Fund

Benchmark Index

Benchmark Performance Comparison

Kotak Multi Asset Allocation Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation14.9%

Sharpe Ratio1.15

Detailed Risks

Market Risk

Potential recession risks amid slowing global growth could trigger equity sell-offs, mitigated by multi-asset diversification.

Liquidity Risk

High mid-cap exposure could face liquidity stress during volatility spikes, mitigated by large-cap buffer.

Concentration Risk

Concentrated sector exposures face idiosyncratic risks like regulatory changes, mitigated by diversification across asset classes.

Specific Strategy Risk

Execution risks from competitive pressures or policy shifts impacting key holdings, mitigated by rigorous monitoring.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers dynamic asset allocation across equities, bonds, and cash to navigate varying market conditions. This multi-asset approach aims to capture upside in bull markets while providing downside protection during volatility. The impact is a smoother return profile with lower drawdowns compared to single-asset portfolios.

Broader Market View

Market Outlook

Equity markets appear poised for a recovery phase, with consumption and earnings normalizing after the recent correction. Supportive drivers include revival in consumer spending, capex growth, and easier financial conditions. The strategy's tilt towards consumer, financial, and technology sectors aligns with beneficiaries of this environment, though competitive forces and cyclicality pose risks.

Why This Strategy is Attractive Now

The strategy seems well-positioned with exposure across consumer cyclicals, defensives, financials, and technology leaders. Its balanced approach combines growth opportunities and defensive qualities. With around 70 holdings and moderate risk metrics, the portfolio could offer risk-adjusted participation as markets recover, differentiating it from concentrated or purely cyclical strategies.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models and pricing power.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong franchises, sustainable growth drivers, and attractive profitability profiles. Selection: The process suggests a preference for businesses with competitive moats, capable management teams, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a focus on diversification across sectors and market capitalizations while managing risk exposures.

Portfolio Holdings Overview

SectoralAllocation

Financial Services28.52%

Energy & Infra6.19%

Consumers29.69%

Technology6.91%

Services10.14%

Utilities10.07%

Capital Goods8.48%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Kotak Silver ETFUtilities7.76%

Kotak Gold ETFUtilities4.88%

State Bank of IndiaFinancial Services3.73%

NTPC LtdUtilities3.52%

ITC LtdConsumers3.45%

Power Finance Corp LtdFinancial Services3.12%

Maruti Suzuki India LtdConsumers2.92%

Hindustan Unilever LtdConsumers2.68%

Hero MotoCorp LtdConsumers2.46%

Oil India LtdEnergy & Infra2.31%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Devender Singhal

Mr. Devender Singhal has experience of 24 years. Manages 56 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹43,341 Cr Holds a B.A.(Hons. degree.

81 years

Combined Team Experience

₹ 2,52,953 Cr

Assets Under Management

Jeetu Sonar

Co-Portfolio Manager

Mr. Jeetu Sonar has experience of 14 years. Manages 171 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹21,097 Cr

Hiten Shah

Co-Portfolio Manager

Mr. Hiten Shah has experience of 19 years. Manages 38 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹1,10,024 Cr Holds a B.com degree.

Abhishek Bisen

Co-Portfolio Manager

Mr. Abhishek Bisen has experience of 22 years. Manages 425 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹78,491 Cr Holds a M.B.A. degree.

CW Expert Take

Kotak brings banking-grade risk assessment to fund management. Their strength is in identifying mispriced opportunities while maintaining portfolio quality. The equity teams focus on sustainable business models, while their debt strategies emphasize credit selection and liquidity management—reflecting the parent group's risk culture.

Firm Overview

Total AUM₹5,80,249.31 Cr

Investment Philosophy & Approach

Disciplined Approach

Kotak AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in Kotak's investment process and decision-making framework.

Long-Term Perspective

Kotak maintains a long-term perspective aimed at sustainable wealth creation.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.66%

Exit Load1

Regulatory & Tax Information

INF174KA1PA0

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)