Kotak MSCI India ETF vs Tata Multi Asset Allocation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak MSCI India ETF is an ETF fund and Tata Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Kotak MSCI India ETF returned −8.0% and Tata Multi Asset Allocation Fund (Direct) returned −1.9%. Kotak MSCI India ETF charges 0.24% a year and Tata Multi Asset Allocation Fund 0.65%. Their portfolios overlap 37.5%: they hold 47 of the same securities.
Tata Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −1.9%
- Expense ratio
- 0.65%
- NAV
- ₹26.80
Which is better, Kotak MSCI India ETF or Tata 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.
- Tata Multi Asset Allocation returned more over 1 year: −1.9% against −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 0.65%.
- Tata Multi Asset Allocation fell less in its worst fall since 25-02-2025: −10.3% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 41.6%.
- Tata Multi Asset Allocation is the larger fund: ₹5,000 Cr against ₹1,749 Cr.
- Their portfolios overlap 37.5%: 47 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 MSCI India ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | ETF | Multi Asset |
| AUM | ₹1,749 Cr (30-09-2026) | ₹5,000 Cr (30-09-2026) |
| NAV | ₹28.23 | ₹26.80 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India TRI | (65%) BSE 200 + (15%) CRISIL Short Term Bond Index + (20%) iCOMDEX Composite Index TRI |
| Launch date | 19-02-2025 | 04-03-2020 |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 30 days. |
Kotak MSCI India ETF vs Tata 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 MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| Tata Multi Asset Allocation Fund (Direct) | −1.53% | −4.95% | −2.81% | −1.92% | +12.24% | +11.14% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Kotak MSCI India ETF vs Tata Multi Asset Allocation: Year-wise Returns
| Year | Kotak MSCI India ETFKotak MSCI India ETF | Tata Multi Asset AllocationTata Multi Asset Allocation |
|---|---|---|
| 2026to date | −8.95% | −4.90% |
| 2025 | -- | +16.53% |
| 2024 | -- | +16.25% |
| 2023 | -- | +20.21% |
| 2022 | -- | +8.86% |
| 2021 | -- | +24.63% |
Kotak MSCI India ETF vs Tata Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 166 of them, one for each trading day from 25-02-2026 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 MSCI India ETF
Tata Multi Asset Allocation Fund (Direct)
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | 46.4 | 36.7 | 11.4 | 3.6 | 1.8 | 0.0 | 0.0 | 0.9% | 0.2% | −9.8% | 15.8% |
| Tata Multi Asset Allocation | 6.0 | 7.2 | 38.9 | 37.1 | 7.8 | 3.0 | 0.0 | 9.6% | 9.8% | −3.1% | 22.4% |
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. Every fund is measured over the days all of them have, from 25-02-2025. Past returns do not promise future returns.
Kotak MSCI India ETF vs Tata 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 25-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
| Tata Multi Asset AllocationTata Multi Asset Allocation Fund (Direct) | ₹2,10,000 | ₹2,13,834 | ₹3,834 | 2.0% |
Kotak MSCI India ETFKotak MSCI India ETF
Tata Multi Asset AllocationTata 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 MSCI India ETF vs Tata Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak MSCI India ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.03% | −1.92% |
| Standard deviation | 14.22% | 10.57% |
| Sharpe ratio | -0.93 | -0.68 |
| Sortino ratio | -1.24 | -0.89 |
| Maximum drawdown | −14.6% (31-03-2026) | −10.3% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 MSCI India ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +16.84% |
| Standard deviation | 13.78% | 10.44% |
| Sharpe ratio | -0.10 | 1.12 |
| Sortino ratio | -0.14 | 1.52 |
| Maximum drawdown | −14.6% (31-03-2026) | −13.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-02-2025 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 MSCI India ETF
Tata 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 MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| Tata Multi Asset Allocation Fund (Direct) | −10.3% | 29-01-2026 | 23-03-2026 | 03-08-2026 | 4 months | −6.7% |
From daily values since 25-02-2025, 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 MSCI India ETF
Tata Multi Asset Allocation Fund (Direct)
Kotak MSCI India ETF vs Tata Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MSCI India ETF, September 2026; Tata Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 37.5%
- Held by both
- 47
- Only in Kotak MSCI India ETF
- 118
- Only in Tata Multi Asset Allocation
- 53
| Security | % of Kotak MSCI India ETF | % of Tata Multi Asset Allocation |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 5.44% | 3.81% |
| HDFC BANK LTD. | 6.44% | 3.58% |
| ICICI BANK LTD. | 5.60% | 3.15% |
| BHARTI AIRTEL LTD. | 3.93% | 2.66% |
| KOTAK MAHINDRA BANK LTD. | 1.82% | 2.03% |
| AXIS BANK LTD. | 2.25% | 1.73% |
| STATE BANK OF INDIA. | 1.41% | 1.55% |
| Larsen and Toubro Ltd. | 2.02% | 1.30% |
| ETERNAL LIMITED | 1.22% | 1.07% |
| Tata Steel Ltd. | 1.10% | 1.07% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.93% |
| Ultratech Cement Ltd. | 0.90% | 0.88% |
| NTPC LTD | 1.12% | 0.87% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 1.33% |
| Infosys Ltd. | 2.41% | 0.73% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.30% | 0.72% |
| BAJAJ FINANCE LTD. | 1.91% | 0.68% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.73% |
| TATA CONSULTANCY SERVICES LTD. | 1.33% | 0.63% |
| Tech Mahindra Ltd. | 0.66% | 0.60% |
| ADANI POWER LTD | 0.53% | 0.74% |
| Bajaj Finserv Ltd. | 0.53% | 0.51% |
| Hero MotoCorp Ltd. | 0.50% | 0.88% |
| Cummins India Ltd. | 0.50% | 1.04% |
| FEDERAL BANK LTD. | 0.46% | 1.47% |
| VEDANTA ALUMINIUM METAL LTD | 0.45% | 1.37% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.42% | 1.08% |
| HDFC Life Insurance Company Ltd | 0.41% | 0.45% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.39% | 0.56% |
| Indus Towers Ltd. | 0.37% | 0.62% |
| MARICO LTD. | 0.33% | 0.78% |
| Jindal Steel & Power Ltd | 0.32% | 1.03% |
| ICICI Lombard General Insurance Company Ltd | 0.31% | 0.55% |
| Hindustan Unilever Ltd. | 1.06% | 0.30% |
| PB Fintech Ltd. | 0.29% | 0.96% |
| Oil And Natural Gas Corporation Ltd. | 0.46% | 0.27% |
| Siemens Ltd. | 0.23% | 0.51% |
| ADANI ENERGY SOLUTIONS LTD. | 0.22% | 0.97% |
| Prestige Estates Projects Limited | 0.20% | 0.55% |
| BANK OF BARODA | 0.19% | 0.73% |
| GE VERNOVA T&D INDIA LIMITED | 0.43% | 0.18% |
| AMBUJA CEMENTS LTD. | 0.18% | 0.50% |
| GODREJ PROPERTIES LIMITED | 0.18% | 0.59% |
| L&T FINANCE LTD | 0.17% | 0.77% |
| INDUSIND BANK LTD. | 0.41% | 0.16% |
| Oil India Limited | 0.15% | 0.67% |
| Maruti Suzuki India Limited | 1.13% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.5% means 37.5% 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 MSCI India ETF
| Security | % of fund |
|---|---|
| TITAN COMPANY LTD. | 1.30% |
| SHRIRAM FINANCE LIMITED | 1.11% |
| Bharat Electronics Ltd. | 1.08% |
| Hindalco Industries Ltd. | 0.97% |
| Divis Laboratories Ltd. | 0.89% |
Largest holdings only in Tata Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| TATA GOLD EXCHANGE TRADED FUND | 6.04% |
| TATA SILVER EXCHANGE TRADED FUND | 2.26% |
| DR. AGARWALS HEALTH CARE LTD | 1.53% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.39% |
| ACME SOLAR HOLDINGS LTD | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MSCI India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Equity | 100.0% | 66.6% |
| Debt | 0.0% | 10.7% |
| Cash and others | 0.0% | 22.7% |
Market cap of stocks
| Market cap | Kotak MSCI India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Large Cap | 80.6% | 41.6% |
| Mid Cap | 19.4% | 9.2% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 0.7% |
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 MSCI India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Banks | 20.3% | 15.6% |
| IT - Software | 6.6% | 2.0% |
| Petroleum Products | 6.4% | 4.4% |
| Finance | 6.3% | 3.4% |
| Automobiles | 6.2% | 3.0% |
| Pharmaceuticals and Biotechnology | 5.6% | 0.0% |
| Insurance | 1.5% | 4.2% |
| Healthcare Services | 1.5% | 3.9% |
| Power | 3.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MSCI India ETF vs Tata Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MSCI India ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.00% | 0.45% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.17% | 1.58% |
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
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Kotak MSCI India ETF vs Tata Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak MSCI India ETF and Tata Multi Asset Allocation Fund?
Kotak MSCI India ETF is an ETF fund, Tata Multi Asset Allocation Fund is a Multi Asset fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 37.5%. Kotak MSCI India ETF charges 0.24% a year and Tata Multi Asset Allocation Fund 0.65%.
Which has given higher returns, Kotak MSCI India ETF or Tata Multi Asset Allocation Fund?
Over 1 year: Kotak MSCI India ETF −8.03%, Tata Multi Asset Allocation Fund −1.92%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak MSCI India ETF or Tata Multi Asset Allocation Fund?
Kotak MSCI India ETF charges less: 0.24% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Kotak MSCI India ETF and Tata Multi Asset Allocation Fund overlap?
37.5%. They hold 47 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak MSCI India ETF or Tata Multi Asset Allocation Fund?
On SEBI's riskometer, Kotak MSCI India ETF is rated Very High and Tata Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 14.22% and 10.57% a year.
Can I invest in both Kotak MSCI India ETF and Tata Multi Asset Allocation Fund?
Yes. 37.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak MSCI India ETF and Tata Multi Asset Allocation Fund?
Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Tata Multi Asset Allocation Fund: Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel.
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.