Kotak Large Cap Fund vs Kotak Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Large Cap Fund is a Large Cap fund and Kotak Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Kotak Large Cap Fund (Direct) returned 10.1% a year and Kotak Multi Asset Allocation Fund (Direct) returned 16.2% a year. Kotak Large Cap Fund charges 0.76% a year and Kotak Multi Asset Allocation Fund 0.63% (Direct plans). Their portfolios overlap 25.8%: they hold 20 of the same securities.
Kotak Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 16.2%
- Expense ratio
- 0.63%
- NAV
- ₹15.65
Which is better, Kotak Large Cap 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 Multi Asset Allocation returned more over 3 years: 16.2% a year against 10.1%.
- Kotak Multi Asset Allocation returned more over 1 year: 4.3% against −8.5%.
- Kotak Multi Asset Allocation costs less: 0.63% a year against 0.76% (Direct plans).
- Kotak Multi Asset Allocation swung less over 3 years: a standard deviation of 12.2% a year against 13.1%.
- Kotak Multi Asset Allocation fell less in its worst fall since 03-10-2023: −13.8% against −16.5%.
- Kotak Large Cap holds more in large companies: 81.5% of the fund in large caps against 36.0%.
- Kotak Multi Asset Allocation is the larger fund: ₹15,236 Cr against ₹10,514 Cr.
- Their portfolios overlap 25.8%: 20 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 Large Cap Fund | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Large Cap | Multi Asset |
| AUM | ₹10,514 Cr (30-09-2026) | ₹15,236 Cr (30-09-2026) |
| NAV | ₹624.25 (Direct) | ₹15.65 (Direct) |
| Expense ratio (Direct) | 0.76% | 0.63% |
| Expense ratio (Regular) | 1.84% | 1.76% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% |
| Launch date | 29-12-1998 | 22-09-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Rohit Tandon | Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. |
Kotak Large Cap 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 Large Cap Fund (Direct) | +0.02% | −5.67% | −2.81% | −8.49% | +10.14% | +8.31% | +12.42% |
| Kotak Multi Asset Allocation Fund (Direct) | −3.51% | −4.32% | −4.66% | +4.34% | +16.23% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 35 Large Cap funds and the 37 Multi Asset funds, same plan type.
Kotak Large Cap vs Kotak Multi Asset Allocation: Year-wise Returns
| Year | Large CapKotak Large Cap | Multi Asset AllocationKotak Multi Asset Allocation |
|---|---|---|
| 2026to date | −9.24% | −2.85% |
| 2025 | +9.95% | +24.37% |
| 2024 | +17.61% | +17.87% |
| 2023 | +24.44% | -- |
| 2022 | +3.28% | -- |
| 2021 | +29.30% | -- |
Kotak Large Cap vs Kotak Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Kotak Large Cap Fund
Rolling returns
Every 1-year holding period, 511 of them, one for each trading day from 03-10-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Kotak Large Cap Fund (Direct)
Kotak Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Large Cap | 19.6 | 25.0 | 20.7 | 18.8 | 4.5 | 1.8 | 9.6 | 8.1% | 6.6% | −10.0% | 37.6% | 96% |
| Kotak Multi Asset Allocation | 0.0 | 5.7 | 26.2 | 13.5 | 13.1 | 17.4 | 24.2 | 17.3% | 17.3% | 2.5% | 39.2% | 89% |
| Nifty 100 TRI | 27.8 | 23.3 | 24.5 | 12.5 | 2.2 | 2.3 | 7.4 | 6.3% | 4.7% | −10.5% | 36.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-10-2023. Past returns do not promise future returns.
Kotak Large Cap vs Kotak Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Large CapKotak Large Cap Fund (Direct) | ₹3,70,000 | ₹3,77,851 | ₹7,851 | 1.3% |
| Kotak Multi Asset AllocationKotak Multi Asset Allocation Fund (Direct) | ₹3,70,000 | ₹4,35,008 | ₹65,008 | 10.5% |
Kotak Large CapKotak Large Cap Fund (Direct)
Kotak Multi Asset AllocationKotak Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Large Cap 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 Large Cap Fund (Direct) | Kotak Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.49% | +4.34% |
| Standard deviation | 13.58% | 15.49% |
| Sharpe ratio | -1.01 | -0.06 |
| Sortino ratio | -1.34 | -0.07 |
| Maximum drawdown | −13.9% (31-03-2026) | −13.8% (23-03-2026) |
| Beta | 0.97 | -- |
| Alpha | −0.20% | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Kotak Large Cap Fund (Direct) | Kotak Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.14% | +16.23% |
| Standard deviation | 13.09% | 12.23% |
| Sharpe ratio | 0.31 | 0.83 |
| Sortino ratio | 0.43 | 1.11 |
| Maximum drawdown | −16.5% (28-02-2025) | −13.8% (23-03-2026) |
| Beta | 0.95 | -- |
| Alpha | +1.21% | -- |
From daily NAVs, 30-10-2023 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.
| Measure | Kotak Large Cap Fund (Direct) | Kotak Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.25% | +15.57% |
| Standard deviation | 15.46% | 12.12% |
| Sharpe ratio | 0.47 | 0.79 |
| Sortino ratio | 0.64 | 1.05 |
| Maximum drawdown | −36.9% (23-03-2020) | −13.8% (23-03-2026) |
| Beta | 0.96 | -- |
| Alpha | +1.50% | -- |
From daily NAVs, 02-01-2013 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 Large Cap Fund (Direct)
Kotak Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Large Cap Fund (Direct) | −16.5% | 26-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −9.9% |
| Kotak Multi Asset Allocation Fund (Direct) | −13.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.9% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 03-10-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Large Cap Fund (Direct)
Kotak Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Large Cap Fund (Direct)
Kotak Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Large Cap Fund (Direct) | 102% | 97% | 1.86% |
| Kotak Multi Asset Allocation Fund (Direct) | 80% | 26% | 8.47% |
From month-end values since 03-10-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Large Cap vs Kotak Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Large Cap Fund, September 2026; Kotak Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 25.8%
- Held by both
- 20
- Only in Kotak Large Cap
- 41
- Only in Kotak Multi Asset Allocation
- 78
| Security | % of Kotak Large Cap | % of Kotak Multi Asset Allocation |
|---|---|---|
| STATE BANK OF INDIA. | 4.49% | 3.27% |
| NTPC LTD | 2.65% | 2.51% |
| HDFC BANK LTD. | 6.37% | 2.39% |
| Maruti Suzuki India Limited | 2.15% | 2.40% |
| ETERNAL LIMITED | 1.99% | 2.50% |
| SHRIRAM FINANCE LIMITED | 1.79% | 1.74% |
| ITC Ltd. | 1.39% | 2.54% |
| ICICI BANK LTD. | 7.87% | 1.36% |
| BHARTI AIRTEL LTD. | 3.85% | 1.27% |
| RELIANCE INDUSTRIES LTD. | 5.79% | 1.19% |
| Hindustan Unilever Ltd. | 1.04% | 1.98% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.97% | 1.02% |
| Hindalco Industries Ltd. | 1.34% | 0.96% |
| Power Finance Corporation Ltd. | 0.72% | 2.00% |
| Tata Steel Ltd. | 2.05% | 0.67% |
| POONAWALLA FINCORP LIMITED | 0.66% | 1.27% |
| ANTHEM BIOSCIENCES LTD | 0.61% | 0.89% |
| Kotak Liquid Direct Growth | 1.24% | 0.52% |
| Inter Globe Aviation Ltd | 1.63% | 0.39% |
| MOLBIO DIAGNOSTICS LIMITED | 0.43% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.8% means 25.8% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| Larsen and Toubro Ltd. | 3.97% |
| BAJAJ FINANCE LTD. | 3.14% |
| AXIS BANK LTD. | 3.01% |
| Infosys Ltd. | 2.59% |
| Solar Industries India Limited | 2.30% |
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% |
| Indus Towers Ltd. | 2.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Large Cap | Kotak Multi Asset Allocation |
|---|---|---|
| Equity | 94.1% | 70.7% |
| Debt | 0.0% | 10.6% |
| Cash and others | 5.9% | 18.7% |
Market cap of stocks
| Market cap | Kotak Large Cap | Kotak Multi Asset Allocation |
|---|---|---|
| Large Cap | 81.5% | 36.0% |
| Mid Cap | 7.7% | 16.0% |
| Small Cap | 3.8% | 14.5% |
| Not on AMFI's list | 1.1% | 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 Large Cap | Kotak Multi Asset Allocation |
|---|---|---|
| Banks | 23.4% | 11.4% |
| Petroleum Products | 7.0% | 1.2% |
| Finance | 6.3% | 5.6% |
| Power | 3.2% | 4.9% |
| IT - Software | 4.8% | 2.0% |
| Automobiles | 4.6% | 4.6% |
| Diversified FMCG | 2.4% | 4.5% |
| Auto Components | 4.4% | 1.6% |
| Industrial Manufacturing | 0.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Large Cap vs Kotak Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Large Cap Fund | Kotak Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 0.63% |
| Base expense ratio (Direct) | 0.58% | 0.44% |
| Total expense ratio (Regular) | 1.84% | 1.76% |
| Base expense ratio (Regular) | 1.49% | 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
Compare Kotak Large Cap with
Kotak Large Cap Fund vs Kotak Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak Large Cap Fund and Kotak Multi Asset Allocation Fund?
Kotak Large Cap Fund is a Large Cap fund, Kotak Multi Asset Allocation Fund is a Multi Asset fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 25.8%. Kotak Large Cap Fund charges 0.76% a year and Kotak Multi Asset Allocation Fund 0.63%.
Which has given higher returns, Kotak Large Cap Fund or Kotak Multi Asset Allocation Fund?
Over 1 year: Kotak Large Cap Fund −8.49%, Kotak Multi Asset Allocation Fund +4.34%. Over 3 years: Kotak Large Cap Fund +10.14% a year, Kotak Multi Asset Allocation Fund +16.23% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Large Cap Fund or Kotak Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund charges less: 0.63% a year against 0.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Large Cap Fund and Kotak Multi Asset Allocation Fund overlap?
25.8%. They hold 20 of the same securities, the largest shared ones being SBIN, NTPC, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Large Cap Fund or Kotak Multi Asset Allocation Fund?
On SEBI's riskometer, Kotak Large Cap Fund is rated Very High and Kotak Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 13.09% and 12.23% a year.
Which is better for SIP, Kotak Large Cap Fund or Kotak Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,77,851 in Kotak Large Cap Fund (XIRR 1.3% a year) and ₹4,35,008 in Kotak Multi Asset Allocation Fund (XIRR 10.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Large Cap Fund and Kotak Multi Asset Allocation Fund?
Yes. 25.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Large Cap Fund and Kotak Multi Asset Allocation Fund?
Kotak Large Cap Fund: Rohit Tandon. 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.