Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
Kotak Multi Asset Active FOF is a Fund of Funds fund and Nippon India Multi Asset Allocation Fund is a Multi Asset fund. Kotak Multi Asset Active FOF charges 0.34% a year and Nippon India Multi Asset Allocation Fund 0.48% (Direct plans). Their portfolios overlap 10.0%: they hold 2 of the same securities.
Nippon India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.48%
- NAV
- ₹25.81
Which is better, Kotak Multi Asset Active FOF or Nippon India 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 Active FOF costs less: 0.34% a year against 0.48% (Direct plans).
- Nippon India Multi Asset Allocation fell less in its worst fall since 30-04-2026: −8.2% against −9.3%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; Kotak Multi Asset Active FOF 0.0%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹79 Cr.
- Their portfolios overlap 10.0%: 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 Multi Asset Active FOF | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹79 Cr (30-09-2026) | ₹18,044 Cr (30-09-2026) |
| NAV | ₹9.65 (Direct) | ₹25.81 (Direct) |
| Expense ratio (Direct) | 0.34% | 0.48% |
| Expense ratio (Regular) | 1.08% | 1.44% |
| Riskometer | Very High | Not available |
| Benchmark | 55% Nifty 50 TRI + 30 % Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 7.5% Domestic Price of Silver | Not available |
| Launch date | 27-04-2026 | Not available |
| Minimum investment | Rs. 1000/- and any amount thereafter | Not available |
| Lock in | None | Not available |
| Fund managers | Devender Singhal, Abhishek Bisen | Not available |
| Exit load | Exit Load for units in excess of 8% of the investment,1% will be charged for redemption within 6 months. | Not available |
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Kotak Multi Asset Active FOF (Direct) | −2.87% | −4.80% | -- | -- | -- | -- | -- |
| Nippon India Multi Asset Allocation Fund (Direct) | −2.06% | −3.53% | −1.74% | +3.05% | +17.96% | +13.83% | -- |
| 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 Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Year-wise Returns
| Year | Kotak Multi Asset Active FOFKotak Multi Asset Active FOF | Nippon India Multi Asset AllocationNippon India Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | +0.43% |
| 2025 | -- | +20.96% |
| 2024 | -- | +20.14% |
| 2023 | -- | +25.92% |
| 2022 | -- | +4.63% |
| 2021 | -- | +21.10% |
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Multi Asset Active FOF (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.07% | +16.79% |
| Standard deviation | 9.67% | 9.40% |
| Sharpe ratio | -1.27 | 1.22 |
| Sortino ratio | -1.63 | 1.70 |
| Maximum drawdown | −9.3% (23-10-2026) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-04-2026 to 29-10-2026. 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 Multi Asset Active FOF (Direct)
Nippon India 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 Multi Asset Active FOF (Direct) | −9.3% | 26-08-2026 | 23-10-2026 | Not yet | -- | −7.7% |
| Nippon India Multi Asset Allocation Fund (Direct) | −8.2% | 25-08-2026 | 23-10-2026 | Not yet | -- | −7.0% |
From daily values since 30-04-2026, the first day every fund has.
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Multi Asset Active FOF, September 2026; Nippon India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 10.0%
- Held by both
- 2
- Only in Kotak Multi Asset Active FOF
- 9
- Only in Nippon India Multi Asset Allocation
- 161
| Security | % of Kotak Multi Asset Active FOF | % of Nippon India Multi Asset Allocation |
|---|---|---|
| NIPPON INDIA ETF GOLD BEES | 7.31% | 7.94% |
| NIPPON INDIA SILVER ETF | 9.01% | 2.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.0% means 10.0% 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 Multi Asset Active FOF
| Security | % of fund |
|---|---|
| Kotak Large & Midcap Fund Direct Growth | 13.09% |
| Kotak Small Cap Fund Direct Growth | 12.05% |
| Kotak Midcap Fund Direct Growth | 9.42% |
| ICICI Prudential Ultra Short term fund | 9.14% |
| KOTAK FOCUSED FUND DIRECT GROWTH | 8.75% |
Largest holdings only in Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 3.44% |
| HDFC Bank Limited | 3.25% |
| Axis Bank Limited | 2.42% |
| State Bank of India | 1.69% |
| Eternal Limited | 1.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Multi Asset Active FOF | Nippon India Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 62.0% |
| Debt | 0.0% | 18.6% |
| Cash and others | 100.0% | 19.3% |
Market cap of stocks
| Market cap | Kotak Multi Asset Active FOF | Nippon India Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 40.1% |
| Mid Cap | -- | 10.3% |
| Small Cap | -- | 7.0% |
| Foreign stocks | -- | 4.5% |
| Not on AMFI's list | -- | 0.2% |
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 Multi Asset Active FOF | Nippon India Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 12.3% |
| Retailing | 0.0% | 6.6% |
| Other | 0.0% | 4.5% |
| Finance | 0.0% | 3.1% |
| Consumer Durables | 0.0% | 3.0% |
| Automobiles | 0.0% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Multi Asset Active FOF | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 0.48% |
| Base expense ratio (Direct) | 0.27% | 0.30% |
| Total expense ratio (Regular) | 1.08% | 1.44% |
| Base expense ratio (Regular) | 0.90% | 1.14% |
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 Nippon India Multi Asset Allocation with
Kotak Multi Asset Active FOF vs Nippon India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak Multi Asset Active FOF and Nippon India Multi Asset Allocation Fund?
Kotak Multi Asset Active FOF is a Fund of Funds fund, Nippon India Multi Asset Allocation Fund is a Multi Asset fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 10.0%. Kotak Multi Asset Active FOF charges 0.34% a year and Nippon India Multi Asset Allocation Fund 0.48%.
Which has the lower expense ratio, Kotak Multi Asset Active FOF or Nippon India Multi Asset Allocation Fund?
Kotak Multi Asset Active FOF charges less: 0.34% a year against 0.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Multi Asset Active FOF and Nippon India Multi Asset Allocation Fund overlap?
10.0%. They hold 2 of the same securities, the largest shared ones being GOLDBEES, SILVERBEES. From each fund's latest monthly portfolio.
Can I invest in both Kotak Multi Asset Active FOF and Nippon India Multi Asset Allocation Fund?
Yes. 10.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.