Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Gold Silver Passive FOF is a Fund of Funds fund and Kotak Multi Asset Allocation Fund is a Multi Asset fund. Kotak Gold Silver Passive FOF charges 0.20% a year and Kotak Multi Asset Allocation Fund 0.63% (Direct plans). Their portfolios overlap 13.6%: they hold 2 of the same securities.
Kotak Gold Silver Passive FOF
Fund of Funds
- Expense ratio
- 0.20%
- NAV
- ₹12.89
Kotak Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.63%
- NAV
- ₹15.65
Which is better, Kotak Gold Silver Passive FOF 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.
- Kotak Gold Silver Passive FOF costs less: 0.20% a year against 0.63% (Direct plans).
- Kotak Multi Asset Allocation fell less in its worst fall since 04-11-2025: −13.8% against −38.6%.
- Kotak Multi Asset Allocation is the larger fund: ₹15,236 Cr against ₹1,104 Cr.
- Their portfolios overlap 13.6%: 2 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 Gold Silver Passive FOF | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹1,104 Cr (30-09-2026) | ₹15,236 Cr (30-09-2026) |
| NAV | ₹12.89 (Direct) | ₹15.65 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.63% |
| Expense ratio (Regular) | 0.54% | 1.76% |
| Riskometer | Very High | Very High |
| Benchmark | Domestic Gold and Silver Prices | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% |
| Launch date | 28-10-2025 | 22-09-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Rohit Tandon, amp, Abhishek Bisen | Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar |
| Exit load | NIL | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. |
Kotak Gold Silver Passive FOF 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 |
|---|---|---|---|---|---|---|---|
| Kotak Gold Silver Passive FOF (Direct) | −11.98% | −9.79% | −16.29% | -- | -- | -- | -- |
| 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.
Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation: Year-wise Returns
| Year | Gold Silver Passive FOFKotak Gold Silver Passive FOF | Multi Asset AllocationKotak Multi Asset Allocation |
|---|---|---|
| 2026to date | −7.86% | −2.85% |
| 2025 | -- | +24.37% |
| 2024 | -- | +17.87% |
Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Kotak Gold Silver Passive FOF 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 | Kotak Gold Silver Passive FOF (Direct) | Kotak Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +25.06% | +15.57% |
| Standard deviation | 45.84% | 12.12% |
| Sharpe ratio | 0.43 | 0.79 |
| Sortino ratio | 0.57 | 1.05 |
| Maximum drawdown | −38.6% (30-10-2026) | −13.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-11-2025 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 Gold Silver Passive FOF (Direct)
Kotak Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Gold Silver Passive FOF (Direct) | −38.6% | 29-01-2026 | 30-10-2026 | Not yet | -- | −38.6% |
| Kotak Multi Asset Allocation Fund (Direct) | −13.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.9% |
From daily values since 04-11-2025, the first day every fund has.
Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Gold Silver Passive FOF, September 2026; Kotak Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 2
- Only in Kotak Gold Silver Passive FOF
- 0
- Only in Kotak Multi Asset Allocation
- 96
| Security | % of Kotak Gold Silver Passive FOF | % of Kotak Multi Asset Allocation |
|---|---|---|
| KOTAK MUTUAL FUND - KOTAK SILVER ETF | 56.85% | 7.90% |
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 40.67% | 5.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 Gold Silver Passive FOF
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| STATE BANK OF INDIA. | 3.27% |
| INDO-MIM LTD | 2.91% |
| ITC Ltd. | 2.54% |
| NTPC LTD | 2.51% |
| ETERNAL LIMITED | 2.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Gold Silver Passive FOF | Kotak Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 70.7% |
| Debt | 0.0% | 10.6% |
| Cash and others | 100.0% | 18.7% |
Market cap of stocks
| Market cap | Kotak Gold Silver Passive FOF | Kotak Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 36.0% |
| Mid Cap | -- | 16.0% |
| Small Cap | -- | 14.5% |
| Not on AMFI's list | -- | 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 | Kotak Gold Silver Passive FOF | Kotak Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 11.4% |
| Finance | 0.0% | 5.6% |
| Power | 0.0% | 4.9% |
| Automobiles | 0.0% | 4.6% |
| Diversified FMCG | 0.0% | 4.5% |
| Industrial Manufacturing | 0.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Gold Silver Passive FOF | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.63% |
| Base expense ratio (Direct) | 0.16% | 0.44% |
| Total expense ratio (Regular) | 0.54% | 1.76% |
| Base expense ratio (Regular) | 0.45% | 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
Kotak Gold Silver Passive FOF vs Kotak Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak Gold Silver Passive FOF and Kotak Multi Asset Allocation Fund?
Kotak Gold Silver Passive FOF is a Fund of Funds fund, Kotak Multi Asset Allocation Fund is a Multi Asset fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 13.6%. Kotak Gold Silver Passive FOF charges 0.20% a year and Kotak Multi Asset Allocation Fund 0.63%.
Which has the lower expense ratio, Kotak Gold Silver Passive FOF or Kotak Multi Asset Allocation Fund?
Kotak Gold Silver Passive FOF charges less: 0.20% a year against 0.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Gold Silver Passive FOF and Kotak Multi Asset Allocation Fund overlap?
13.6%. They hold 2 of the same securities, the largest shared ones being SILVER1, GOLD1. From each fund's latest monthly portfolio.
Which is riskier, Kotak Gold Silver Passive FOF or Kotak Multi Asset Allocation Fund?
On SEBI's riskometer, Kotak Gold Silver Passive FOF is rated Very High and Kotak Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 45.84% and 12.12% a year.
Can I invest in both Kotak Gold Silver Passive FOF and Kotak Multi Asset Allocation Fund?
Yes. 13.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Gold Silver Passive FOF and Kotak Multi Asset Allocation Fund?
Kotak Gold Silver Passive FOF: Rohit Tandon, amp, Abhishek Bisen. 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.