Kotak Dividend Yield Fund vs LIC MF Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Dividend Yield Fund is a Dividend Yield fund and LIC MF Multi Asset Allocation Fund is a Multi Asset fund. Kotak Dividend Yield Fund charges 1.14% a year and LIC MF Multi Asset Allocation Fund 1.10% (Direct plans). Their portfolios overlap 26.5%: they hold 18 of the same securities.
LIC MF Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.10%
- NAV
- ₹11.76
Which is better, Kotak Dividend Yield or LIC MF 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.
- LIC MF Multi Asset Allocation costs less: 1.10% a year against 1.14% (Direct plans).
- Kotak Dividend Yield fell less in its worst fall since 03-02-2026: −12.3% against −12.4%.
- Kotak Dividend Yield holds more in large companies: 64.7% of the fund in large caps against 28.3%.
- LIC MF Multi Asset Allocation is the larger fund: ₹966 Cr against ₹273 Cr.
- Their portfolios overlap 26.5%: 18 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 | Kotak Dividend Yield Fund | LIC MF Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | LIC Mutual Fund |
| Category | Dividend Yield | Multi Asset |
| AUM | ₹273 Cr (30-09-2026) | ₹966 Cr (30-09-2026) |
| NAV | ₹9.18 (Direct) | ₹11.76 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.10% |
| Expense ratio (Regular) | 2.57% | 2.40% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10% |
| Launch date | 27-01-2026 | 14-02-2025 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shibani Sircar Kurian, Abhishek Bisen | Sumit Bhatnagar, Pratik Shroff |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
Kotak Dividend Yield vs LIC MF 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 |
|---|---|---|---|---|---|---|---|
| Kotak Dividend Yield Fund (Direct) | −0.42% | −6.96% | −4.01% | -- | -- | -- | -- |
| LIC MF Multi Asset Allocation Fund (Direct) | −3.85% | −4.42% | −2.29% | −3.26% | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 12 Dividend Yield funds and the 37 Multi Asset funds, same plan type.
Kotak Dividend Yield vs LIC MF Multi Asset Allocation: Year-wise Returns
| Year | Kotak Dividend YieldKotak Dividend Yield | LIC MF Multi Asset AllocationLIC MF Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | −5.38% |
Kotak Dividend Yield vs LIC MF Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak Dividend Yield Fund
Kotak Dividend Yield vs LIC MF Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Dividend Yield Fund (Direct) | LIC MF Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.19% | +10.02% |
| Standard deviation | 14.22% | 12.77% |
| Sharpe ratio | -1.15 | 0.36 |
| Sortino ratio | -1.49 | 0.49 |
| Maximum drawdown | −12.3% (30-03-2026) | −13.5% (23-03-2026) |
| Beta | 0.90 | -- |
| Alpha | −4.62% | -- |
From daily NAVs, 03-02-2026 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.
Kotak Dividend Yield Fund (Direct)
LIC MF Multi Asset Allocation Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Dividend Yield Fund (Direct) | −12.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.2% |
| LIC MF Multi Asset Allocation Fund (Direct) | −12.4% | 10-02-2026 | 23-03-2026 | 06-08-2026 | 4 months | −7.9% |
| Nifty 500 TRI | −13.6% | 11-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −7.9% |
From daily values since 03-02-2026, the first day every fund has.
Kotak Dividend Yield vs LIC MF Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Dividend Yield Fund, September 2026; LIC MF Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 26.5%
- Held by both
- 18
- Only in Kotak Dividend Yield
- 39
- Only in LIC MF Multi Asset Allocation
- 39
| Security | % of Kotak Dividend Yield | % of LIC MF Multi Asset Allocation |
|---|---|---|
| ICICI BANK LTD. | 4.94% | 3.57% |
| BHARTI AIRTEL LTD. | 2.62% | 2.11% |
| Larsen and Toubro Ltd. | 2.54% | 2.01% |
| STATE BANK OF INDIA. | 2.51% | 1.82% |
| AXIS BANK LTD. | 1.81% | 2.45% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 2.16% | 1.76% |
| KARUR VYSYA BANK LTD. | 2.38% | 1.52% |
| ASTER DM HEALTHCARE LTD | 2.07% | 1.41% |
| Britannia Industries Ltd. | 1.36% | 1.52% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 1.69% | 1.29% |
| Ultratech Cement Ltd. | 1.68% | 1.26% |
| Persistent Systems Limited | 1.16% | 1.45% |
| BANK OF BARODA | 1.08% | 1.40% |
| Apollo Hospitals Enterprise Ltd. | 2.01% | 1.00% |
| Mahindra & Mahindra Ltd. | 0.90% | 2.00% |
| TORRENT PHARMACEUTICALS LTD. | 0.88% | 1.22% |
| Bharat Electronics Ltd. | 1.42% | 0.85% |
| BSE LTD | 0.70% | 1.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.5% means 26.5% 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 Kotak Dividend Yield Fund
| Security | % of fund |
|---|---|
| HDFC BANK LTD. | 5.55% |
| Schaeffler India Ltd | 2.74% |
| Solar Industries India Limited | 2.64% |
| RELIANCE INDUSTRIES LTD. | 2.62% |
| BANK OF MAHARASHTRA | 2.39% |
Largest holdings only in LIC MF Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| LIC Mutual Fund | 14.94% |
| Aditya Birla Sun Life Mutual Fund | 3.79% |
| SML Mahindra Ltd. | 3.10% |
| Multi Commodity Exchange Of India Ltd. | 2.81% |
| INDO-MIM Ltd. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Dividend Yield | LIC MF Multi Asset Allocation |
|---|---|---|
| Equity | 94.1% | 67.7% |
| Debt | 0.0% | 11.7% |
| Cash and others | 5.9% | 20.6% |
Market cap of stocks
| Market cap | Kotak Dividend Yield | LIC MF Multi Asset Allocation |
|---|---|---|
| Large Cap | 64.7% | 28.3% |
| Mid Cap | 22.9% | 15.8% |
| Small Cap | 6.5% | 20.9% |
| Not on AMFI's list | 0.0% | 2.6% |
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 | Kotak Dividend Yield | LIC MF Multi Asset Allocation |
|---|---|---|
| Banks | 24.8% | 10.8% |
| Finance | 8.3% | 1.3% |
| Pharmaceuticals and Biotechnology | 6.2% | 0.0% |
| Healthcare Services | 6.1% | 3.8% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.9% |
| Automobiles | 5.3% | 2.0% |
| IT - Software | 5.0% | 1.4% |
| Capital Markets | 2.2% | 4.7% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 4.1% |
| Industrial Products | 0.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Dividend Yield vs LIC MF Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Dividend Yield Fund | LIC MF Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.10% |
| Base expense ratio (Direct) | 0.90% | 0.61% |
| Total expense ratio (Regular) | 2.57% | 2.40% |
| Base expense ratio (Regular) | 2.10% | 1.82% |
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
Compare Kotak Dividend Yield with
Compare LIC MF Multi Asset Allocation with
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Kotak Dividend Yield Fund vs LIC MF Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak Dividend Yield Fund and LIC MF Multi Asset Allocation Fund?
Kotak Dividend Yield Fund is a Dividend Yield fund, LIC MF Multi Asset Allocation Fund is a Multi Asset fund, run by Kotak Mahindra Mutual Fund and LIC Mutual Fund. Their portfolios overlap 26.5%. Kotak Dividend Yield Fund charges 1.14% a year and LIC MF Multi Asset Allocation Fund 1.10%.
Which has the lower expense ratio, Kotak Dividend Yield Fund or LIC MF Multi Asset Allocation Fund?
LIC MF Multi Asset Allocation Fund charges less: 1.10% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Dividend Yield Fund and LIC MF Multi Asset Allocation Fund overlap?
26.5%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LT. From each fund's latest monthly portfolio.
Which is riskier, Kotak Dividend Yield Fund or LIC MF Multi Asset Allocation Fund?
On SEBI's riskometer, Kotak Dividend Yield Fund is rated Very High and LIC MF Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 14.22% and 12.77% a year.
Can I invest in both Kotak Dividend Yield Fund and LIC MF Multi Asset Allocation Fund?
Yes. 26.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Dividend Yield Fund and LIC MF Multi Asset Allocation Fund?
Kotak Dividend Yield Fund: Shibani Sircar Kurian, Abhishek Bisen. LIC MF Multi Asset Allocation Fund: Sumit Bhatnagar, Pratik Shroff.
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.