Axis BSE India Sector Leaders Index Fund vs Kotak Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis BSE India Sector Leaders Index Fund is an Index fund and Kotak Multi Asset Allocation Fund is a Multi Asset fund. Axis BSE India Sector Leaders Index Fund charges 0.28% a year and Kotak Multi Asset Allocation Fund 0.63% (Direct plans). Their portfolios overlap 25.3%: they hold 19 of the same securities.
Axis BSE India Sector Leaders Index Fund
Index
- Expense ratio
- 0.28%
- NAV
- ₹9.15
Kotak Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.63%
- NAV
- ₹15.65
Which is better, Axis BSE India Sector Leaders Index or Kotak Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis BSE India Sector Leaders Index costs less: 0.28% a year against 0.63% (Direct plans).
- Kotak Multi Asset Allocation fell less in its worst fall since 16-02-2026: −10.3% against −13.0%.
- Axis BSE India Sector Leaders Index holds more in large companies: 83.8% of the fund in large caps against 36.0%.
- Kotak Multi Asset Allocation is the larger fund: ₹15,236 Cr against ₹28 Cr.
- Their portfolios overlap 25.3%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis BSE India Sector Leaders Index Fund | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Multi Asset |
| AUM | ₹28 Cr (30-09-2026) | ₹15,236 Cr (30-09-2026) |
| NAV | ₹9.15 (Direct) | ₹15.65 (Direct) |
| Expense ratio (Direct) | 0.28% | 0.63% |
| Expense ratio (Regular) | 1.16% | 1.76% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Sector Leaders TRI | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% |
| Launch date | 11-02-2026 | 22-09-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. |
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis BSE India Sector Leaders Index Fund (Direct) | +0.95% | −5.99% | −3.42% | -- | -- | -- | -- |
| Kotak Multi Asset Allocation Fund (Direct) | −3.51% | −4.32% | −4.66% | +4.34% | +16.23% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Year-wise Returns
| Year | Axis BSE India Sector Leaders IndexAxis BSE India Sector Leaders Index | Kotak Multi Asset AllocationKotak Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | −2.85% |
| 2025 | -- | +24.37% |
| 2024 | -- | +17.87% |
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE INDIA SECTOR LEADERS TRI, the benchmark of Axis BSE India Sector Leaders Index Fund
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis BSE India Sector Leaders Index Fund (Direct) | Kotak Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.70% | +15.57% |
| Standard deviation | 14.91% | 12.12% |
| Sharpe ratio | -1.00 | 0.79 |
| Sortino ratio | -1.31 | 1.05 |
| Maximum drawdown | −13.0% (31-03-2026) | −13.8% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.29% | -- |
From daily NAVs, 16-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis BSE India Sector Leaders Index Fund (Direct)
Kotak Multi Asset Allocation Fund (Direct)
BSE INDIA SECTOR LEADERS TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis BSE India Sector Leaders Index Fund (Direct) | −13.0% | 18-02-2026 | 31-03-2026 | Not yet | -- | −7.5% |
| Kotak Multi Asset Allocation Fund (Direct) | −10.3% | 23-02-2026 | 23-03-2026 | 06-08-2026 | 4 months | −7.5% |
| BSE INDIA SECTOR LEADERS TRI | −13.1% | 18-02-2026 | 30-03-2026 | Not yet | -- | −7.3% |
From daily values since 16-02-2026, the first day every fund has.
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Axis BSE India Sector Leaders Index Fund, September 2026; Kotak Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 25.3%
- Held by both
- 19
- Only in Axis BSE India Sector Leaders Index
- 40
- Only in Kotak Multi Asset Allocation
- 79
| Security | % of Axis BSE India Sector Leaders Index | % of Kotak Multi Asset Allocation |
|---|---|---|
| State Bank of India | 4.43% | 3.27% |
| ITC Limited | 2.83% | 2.54% |
| Eternal Limited | 2.57% | 2.50% |
| HDFC Bank Limited | 5.34% | 2.39% |
| Hindustan Unilever Limited | 1.87% | 1.98% |
| Maruti Suzuki India Limited | 1.71% | 2.40% |
| NTPC Limited | 1.70% | 2.51% |
| ICICI Bank Limited | 4.92% | 1.36% |
| Bharti Airtel Limited | 5.00% | 1.27% |
| Reliance Industries Limited | 4.80% | 1.19% |
| Indus Towers Limited | 1.04% | 2.09% |
| Hindustan Zinc Limited | 0.97% | 0.93% |
| Tata Motors Ltd | 0.98% | 0.88% |
| Tata Steel Limited | 1.69% | 0.67% |
| PVR INOX Limited | 1.10% | 0.47% |
| DLF Limited | 1.06% | 0.44% |
| Sun TV Network Limited | 1.39% | 0.39% |
| InterGlobe Aviation Limited | 1.04% | 0.39% |
| Wipro Limited | 0.98% | 0.27% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.3% means 25.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis BSE India Sector Leaders Index Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 4.88% |
| Infosys Limited | 3.90% |
| Mahindra & Mahindra Limited | 2.93% |
| Tata Consultancy Services Limited | 2.31% |
| Sun Pharmaceutical Industries Limited | 2.18% |
Largest holdings only in Kotak Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| KOTAK MUTUAL FUND - KOTAK SILVER ETF | 7.90% |
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 5.74% |
| INDO-MIM LTD | 2.91% |
| Hero MotoCorp Ltd. | 2.24% |
| Power Finance Corporation Ltd. | 2.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis BSE India Sector Leaders Index | Kotak Multi Asset Allocation |
|---|---|---|
| Equity | 100.1% | 70.7% |
| Debt | 0.0% | 10.6% |
| Cash and others | -0.1% | 18.7% |
Market cap of stocks
| Market cap | Axis BSE India Sector Leaders Index | Kotak Multi Asset Allocation |
|---|---|---|
| Large Cap | 83.8% | 36.0% |
| Mid Cap | 9.9% | 16.0% |
| Small Cap | 6.4% | 14.5% |
| Not on AMFI's list | 0.0% | 4.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis BSE India Sector Leaders Index | Kotak Multi Asset Allocation |
|---|---|---|
| Banks | 14.7% | 11.4% |
| IT - Software | 7.2% | 2.0% |
| Telecom - Services | 7.0% | 4.1% |
| Construction | 6.8% | 0.0% |
| Automobiles | 5.9% | 4.6% |
| Petroleum Products | 5.8% | 1.2% |
| Finance | 0.0% | 5.6% |
| Power | 4.0% | 4.9% |
| Diversified FMCG | 4.7% | 4.5% |
| Industrial Manufacturing | 0.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis BSE India Sector Leaders Index vs Kotak Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis BSE India Sector Leaders Index Fund | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.28% | 0.63% |
| Base expense ratio (Direct) | 0.13% | 0.44% |
| Total expense ratio (Regular) | 1.16% | 1.76% |
| Base expense ratio (Regular) | 0.90% | 1.40% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Axis BSE India Sector Leaders Index Fund vs Kotak Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Axis BSE India Sector Leaders Index Fund and Kotak Multi Asset Allocation Fund?
Axis BSE India Sector Leaders Index Fund is an Index fund, Kotak Multi Asset Allocation Fund is a Multi Asset fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 25.3%. Axis BSE India Sector Leaders Index Fund charges 0.28% a year and Kotak Multi Asset Allocation Fund 0.63%.
Which has the lower expense ratio, Axis BSE India Sector Leaders Index Fund or Kotak Multi Asset Allocation Fund?
Axis BSE India Sector Leaders Index Fund charges less: 0.28% a year against 0.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis BSE India Sector Leaders Index Fund and Kotak Multi Asset Allocation Fund overlap?
25.3%. They hold 19 of the same securities, the largest shared ones being SBIN, ITC, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Axis BSE India Sector Leaders Index Fund or Kotak Multi Asset Allocation Fund?
On SEBI's riskometer, Axis BSE India Sector Leaders Index Fund is rated Very High and Kotak Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 14.91% and 12.12% a year.
Can I invest in both Axis BSE India Sector Leaders Index Fund and Kotak Multi Asset Allocation Fund?
Yes. 25.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis BSE India Sector Leaders Index Fund and Kotak Multi Asset Allocation Fund?
Axis BSE India Sector Leaders Index Fund: Nandik Malik, Rohit Gautam. Kotak Multi Asset Allocation Fund: Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.