Kotak Multi Asset Allocation Fund vs Sundaram Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
Kotak Multi Asset Allocation Fund and Sundaram Multi Asset Allocation Fund are both Multi Asset funds. In the year to 30-10-2026, Kotak Multi Asset Allocation Fund (Direct) returned 4.3% and Sundaram Multi Asset Allocation Fund (Direct) returned −2.8%. Kotak Multi Asset Allocation Fund charges 0.63% a year and Sundaram Multi Asset Allocation Fund 0.79% (Direct plans). Their portfolios overlap 19.3%: they hold 13 of the same securities.
Kotak Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 4.3%
- Expense ratio
- 0.63%
- NAV
- ₹15.65
Sundaram Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −2.8%
- Expense ratio
- 0.79%
- NAV
- ₹13.02
Which is better, Kotak Multi Asset Allocation or Sundaram 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 1 year: 4.3% against −2.8%.
- Kotak Multi Asset Allocation costs less: 0.63% a year against 0.79% (Direct plans).
- Sundaram Multi Asset Allocation fell less in its worst fall since 29-01-2024: −13.1% against −13.8%.
- Kotak Multi Asset Allocation is the larger fund: ₹15,236 Cr against ₹3,205 Cr.
- Their portfolios overlap 19.3%: 13 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 Allocation Fund | Sundaram Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Sundaram Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹15,236 Cr (30-09-2026) | ₹3,205 Cr (30-09-2026) |
| NAV | ₹15.65 (Direct) | ₹13.02 (Direct) |
| Expense ratio (Direct) | 0.63% | 0.79% |
| Expense ratio (Regular) | 1.76% | 2.10% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 25% + Domestic Price of Gold 5% + Domestic Price of Silver 5% | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 10% + Domestic Prices of Gold 25% |
| Launch date | 22-09-2023 | 25-01-2024 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar | Rohit Seksaria, Clyton Richard Fernandes, Kumaresh Ramakrishnan, Arjun Nagarajan, Shalav Saket |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. |
Kotak Multi Asset Allocation vs Sundaram 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 Multi Asset Allocation Fund (Direct) | −3.51% | −4.32% | −4.66% | +4.34% | +16.23% | -- | -- |
| Sundaram Multi Asset Allocation Fund (Direct) | −1.70% | −4.30% | −3.75% | −2.75% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Kotak Multi Asset Allocation vs Sundaram Multi Asset Allocation: Year-wise Returns
| Year | KotakKotak Multi Asset Allocation | SundaramSundaram Multi Asset Allocation |
|---|---|---|
| 2026to date | −2.85% | −4.86% |
| 2025 | +24.37% | +20.59% |
| 2024 | +17.87% | -- |
Kotak Multi Asset Allocation vs Sundaram Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 432 of them, one for each trading day from 29-01-2025 to 29-10-2026: 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 Multi Asset Allocation Fund (Direct)
Sundaram Multi Asset Allocation Fund (Direct)
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 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 Multi Asset Allocation | 0.0 | 6.7 | 31.0 | 14.4 | 11.1 | 18.3 | 18.5 | 16.0% | 14.3% | 2.5% | 39.2% |
| Sundaram Multi Asset Allocation | 3.2 | 2.6 | 24.6 | 43.2 | 12.5 | 12.8 | 1.2 | 12.6% | 12.2% | −5.0% | 28.0% |
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 29-01-2024. Past returns do not promise future returns.
Kotak Multi Asset Allocation vs Sundaram 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 01-01-2024 to 29-10-2026: 34 instalments, ₹3,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Multi Asset AllocationKotak Multi Asset Allocation Fund (Direct) | ₹3,40,000 | ₹3,88,782 | ₹48,782 | 9.5% |
| Sundaram Multi Asset AllocationSundaram Multi Asset Allocation Fund (Direct) | ₹3,40,000 | ₹3,66,449 | ₹26,449 | 5.2% |
Kotak Multi Asset AllocationKotak Multi Asset Allocation Fund (Direct)
Sundaram Multi Asset AllocationSundaram 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 Multi Asset Allocation vs Sundaram 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 Allocation Fund (Direct) | Sundaram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.34% | −2.75% |
| Standard deviation | 15.49% | 13.43% |
| Sharpe ratio | -0.06 | -0.60 |
| Sortino ratio | -0.07 | -0.80 |
| Maximum drawdown | −13.8% (23-03-2026) | −13.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 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.
| Measure | Kotak Multi Asset Allocation Fund (Direct) | Sundaram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.57% | +10.00% |
| Standard deviation | 12.12% | 10.71% |
| Sharpe ratio | 0.79 | 0.38 |
| Sortino ratio | 1.05 | 0.52 |
| Maximum drawdown | −13.8% (23-03-2026) | −13.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-10-2023 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 Allocation Fund (Direct)
Sundaram 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 Allocation Fund (Direct) | −13.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.9% |
| Sundaram Multi Asset Allocation Fund (Direct) | −13.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.7% |
From daily values since 29-01-2024, 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 Multi Asset Allocation Fund (Direct)
Sundaram Multi Asset Allocation Fund (Direct)
Kotak Multi Asset Allocation vs Sundaram Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Multi Asset Allocation Fund, September 2026; Sundaram Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 19.3%
- Held by both
- 13
- Only in Kotak Multi Asset Allocation
- 85
- Only in Sundaram Multi Asset Allocation
- 55
| Security | % of Kotak Multi Asset Allocation | % of Sundaram Multi Asset Allocation |
|---|---|---|
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 5.74% | 3.69% |
| ETERNAL LIMITED | 2.50% | 2.47% |
| HDFC BANK LTD. | 2.39% | 2.87% |
| One 97 Communications Ltd | 1.50% | 1.66% |
| Oracle Financial Services Software Ltd | 1.99% | 1.49% |
| ICICI BANK LTD. | 1.36% | 4.67% |
| BHARTI AIRTEL LTD. | 1.27% | 3.11% |
| RELIANCE INDUSTRIES LTD. | 1.19% | 3.52% |
| POONAWALLA FINCORP LIMITED | 1.27% | 1.17% |
| MTAR TECHNOLOGIES LIMITED | 1.95% | 1.12% |
| Hindalco Industries Ltd. | 0.96% | 1.59% |
| Inter Globe Aviation Ltd | 0.39% | 0.84% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 0.32% | 1.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.3% means 19.3% 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 Allocation Fund
| Security | % of fund |
|---|---|
| KOTAK MUTUAL FUND - KOTAK SILVER ETF | 7.90% |
| STATE BANK OF INDIA. | 3.27% |
| INDO-MIM LTD | 2.91% |
| ITC Ltd. | 2.54% |
| NTPC LTD | 2.51% |
Largest holdings only in Sundaram Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SBI-ETF GOLD | 7.17% |
| Nippon India ETF Gold Bees | 4.94% |
| 7.38% Central Government Securities 20/06/2027 | 3.30% |
| Larsen & Toubro Ltd | 3.17% |
| HDFC Gold Exchange Traded Fund | 3.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Multi Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Equity | 70.7% | 67.7% |
| Debt | 10.6% | 10.3% |
| Cash and others | 18.7% | 22.0% |
Market cap of stocks
| Market cap | Kotak Multi Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Large Cap | 36.0% | 37.9% |
| Mid Cap | 16.0% | 15.6% |
| Small Cap | 14.5% | 12.6% |
| Not on AMFI's list | 4.1% | 1.6% |
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 Multi Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Banks | 11.4% | 9.5% |
| Finance | 5.6% | 5.5% |
| Automobiles | 4.6% | 5.3% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.0% |
| Power | 4.9% | 0.0% |
| Diversified FMCG | 4.5% | 0.0% |
| It - Software | 0.0% | 4.1% |
| Industrial Manufacturing | 4.1% | 0.5% |
| Petroleum Products | 1.2% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Multi Asset Allocation vs Sundaram Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Multi Asset Allocation Fund | Sundaram Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 0.79% |
| Base expense ratio (Direct) | 0.44% | 0.44% |
| Total expense ratio (Regular) | 1.76% | 2.10% |
| Base expense ratio (Regular) | 1.40% | 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
Compare Kotak Multi Asset Allocation with
Compare Sundaram Multi Asset Allocation with
Kotak Multi Asset Allocation Fund vs Sundaram Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Kotak Multi Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Kotak Mahindra Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 19.3%. Kotak Multi Asset Allocation Fund charges 0.63% a year and Sundaram Multi Asset Allocation Fund 0.79%.
Which has given higher returns, Kotak Multi Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
Over 1 year: Kotak Multi Asset Allocation Fund +4.34%, Sundaram Multi Asset Allocation Fund −2.75%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Multi Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund charges less: 0.63% a year against 0.79%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Multi Asset Allocation Fund and Sundaram Multi Asset Allocation Fund overlap?
19.3%. They hold 13 of the same securities, the largest shared ones being GOLD1, ETERNAL, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Multi Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
On SEBI's riskometer, Kotak Multi Asset Allocation Fund is rated Very High and Sundaram Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 15.49% and 13.43% a year.
Can I invest in both Kotak Multi Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Yes. 19.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Multi Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund: Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar. Sundaram Multi Asset Allocation Fund: Rohit Seksaria, Clyton Richard Fernandes, Kumaresh Ramakrishnan, Arjun Nagarajan, Shalav Saket.
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.