Kotak Multi Asset Allocation Fund vs UTI BSE India Sector Leaders Index Fund
Direct Plan, Growth option · Data as on 29-10-2026
Kotak Multi Asset Allocation Fund is a Multi Asset fund and UTI BSE India Sector Leaders Index Fund is an Index fund. Kotak Multi Asset Allocation Fund charges 0.63% a year and UTI BSE India Sector Leaders Index Fund 5.25% (Direct plans). Their portfolios overlap 25.3%: they hold 19 of the same securities.
Kotak Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.63%
- NAV
- ₹15.65
UTI BSE India Sector Leaders Index Fund
Index
- Expense ratio
- 5.25%
- NAV
- ₹9.87
Which is better, Kotak Multi Asset Allocation or UTI BSE India Sector Leaders Index? 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 costs less: 0.63% a year against 5.25% (Direct plans).
- UTI BSE India Sector Leaders Index fell less in its worst fall since 22-09-2026: −5.3% against −8.4%.
- UTI BSE India Sector Leaders Index holds more in large companies: 83.7% of the fund in large caps against 36.0%.
- Kotak Multi Asset Allocation is the larger fund: ₹15,236 Cr against ₹38 Cr.
- Their portfolios overlap 25.3%: 19 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 | UTI BSE India Sector Leaders Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | Multi Asset | Index |
| AUM | ₹15,236 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹15.65 (Direct) | ₹9.87 (Direct) |
| Expense ratio (Direct) | 0.63% | 5.25% |
| Expense ratio (Regular) | 1.76% | 6.07% |
| 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% | BSE India Sector Leaders TRI |
| Launch date | 22-09-2023 | 17-09-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. | Nil |
Kotak Multi Asset Allocation vs UTI BSE India Sector Leaders Index: 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% | -- | -- |
| UTI BSE India Sector Leaders Index Fund (Direct) | +0.95% | -- | -- | -- | -- | -- | -- |
| 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 Multi Asset Allocation vs UTI BSE India Sector Leaders Index: Year-wise Returns
| Year | Kotak Multi Asset AllocationKotak Multi Asset Allocation | UTI BSE India Sector Leaders IndexUTI BSE India Sector Leaders Index |
|---|---|---|
| 2026to date | −2.85% | -- |
| 2025 | +24.37% | -- |
| 2024 | +17.87% | -- |
Kotak Multi Asset Allocation vs UTI BSE India Sector Leaders Index: Rolling Returns
Every holding period of both funds, against BSE INDIA SECTOR LEADERS TRI, the benchmark of UTI BSE India Sector Leaders Index Fund
Kotak Multi Asset Allocation vs UTI BSE India Sector Leaders Index: 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) | UTI BSE India Sector Leaders Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.57% | −16.11% |
| Standard deviation | 12.12% | 14.59% |
| Sharpe ratio | 0.79 | -1.48 |
| Sortino ratio | 1.05 | -1.89 |
| Maximum drawdown | −13.8% (23-03-2026) | −5.3% (08-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.09% |
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)
UTI BSE India Sector Leaders Index Fund (Direct)
BSE INDIA SECTOR LEADERS TRI
| 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) | −8.4% | 23-09-2026 | 23-10-2026 | Not yet | -- | −6.4% |
| UTI BSE India Sector Leaders Index Fund (Direct) | −5.3% | 23-09-2026 | 08-10-2026 | Not yet | -- | −2.3% |
| BSE INDIA SECTOR LEADERS TRI | −5.3% | 23-09-2026 | 08-10-2026 | Not yet | -- | −2.3% |
From daily values since 22-09-2026, the first day every fund has.
Kotak Multi Asset Allocation vs UTI BSE India Sector Leaders Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Multi Asset Allocation Fund, September 2026; UTI BSE India Sector Leaders Index Fund, September 2026
Holdings in common
- Overlap
- 25.3%
- Held by both
- 19
- Only in Kotak Multi Asset Allocation
- 79
- Only in UTI BSE India Sector Leaders Index
- 40
| Security | % of Kotak Multi Asset Allocation | % of UTI BSE India Sector Leaders Index |
|---|---|---|
| STATE BANK OF INDIA. | 3.27% | 4.43% |
| ITC Ltd. | 2.54% | 2.83% |
| ETERNAL LIMITED | 2.50% | 2.57% |
| HDFC BANK LTD. | 2.39% | 5.34% |
| Hindustan Unilever Ltd. | 1.98% | 1.87% |
| Maruti Suzuki India Limited | 2.40% | 1.71% |
| NTPC LTD | 2.51% | 1.70% |
| ICICI BANK LTD. | 1.36% | 4.92% |
| BHARTI AIRTEL LTD. | 1.27% | 5.00% |
| RELIANCE INDUSTRIES LTD. | 1.19% | 4.79% |
| Indus Towers Ltd. | 2.09% | 1.04% |
| Hindustan Zinc Ltd. | 0.93% | 0.96% |
| TML COMMERCIAL VEHICLES LIMITED | 0.88% | 0.97% |
| Tata Steel Ltd. | 0.67% | 1.69% |
| PVR LTD. | 0.47% | 1.09% |
| DLF LIMITED | 0.44% | 1.06% |
| Sun TV Network Limited | 0.39% | 1.38% |
| Inter Globe Aviation Ltd | 0.39% | 1.04% |
| WIPRO LTD.-OCT2026 | 0.27% | 0.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.3% means 25.3% 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% |
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 5.74% |
| INDO-MIM LTD | 2.91% |
| Hero MotoCorp Ltd. | 2.24% |
| Power Finance Corporation Ltd. | 2.00% |
Largest holdings only in UTI BSE India Sector Leaders Index Fund
| Security | % of fund |
|---|---|
| EQ - LARSEN & TOUBRO LTD. | 4.88% |
| EQ - INFOSYS LTD. | 3.90% |
| EQ - MAHINDRA & MAHINDRA LTD. | 2.93% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 2.31% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Multi Asset Allocation | UTI BSE India Sector Leaders Index |
|---|---|---|
| Equity | 70.7% | 99.9% |
| Debt | 10.6% | 0.0% |
| Cash and others | 18.7% | 0.1% |
Market cap of stocks
| Market cap | Kotak Multi Asset Allocation | UTI BSE India Sector Leaders Index |
|---|---|---|
| Large Cap | 36.0% | 83.7% |
| Mid Cap | 16.0% | 9.9% |
| Small Cap | 14.5% | 6.3% |
| Not on AMFI's list | 4.1% | 0.0% |
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 | UTI BSE India Sector Leaders Index |
|---|---|---|
| Banks | 11.4% | 14.7% |
| IT - Software | 2.0% | 7.2% |
| Telecom - Services | 4.1% | 7.0% |
| Construction | 0.0% | 6.8% |
| Automobiles | 4.6% | 5.9% |
| Petroleum Products | 1.2% | 5.8% |
| Finance | 5.6% | 0.0% |
| Power | 4.9% | 4.0% |
| Diversified FMCG | 4.5% | 4.7% |
| Industrial Manufacturing | 4.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Multi Asset Allocation vs UTI BSE India Sector Leaders Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Multi Asset Allocation Fund | UTI BSE India Sector Leaders Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 5.25% |
| Base expense ratio (Direct) | 0.44% | 0.20% |
| Total expense ratio (Regular) | 1.76% | 6.07% |
| Base expense ratio (Regular) | 1.40% | 0.90% |
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 Multi Asset Allocation Fund vs UTI BSE India Sector Leaders Index Fund: Frequently Asked Questions
What is the difference between Kotak Multi Asset Allocation Fund and UTI BSE India Sector Leaders Index Fund?
Kotak Multi Asset Allocation Fund is a Multi Asset fund, UTI BSE India Sector Leaders Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 25.3%. Kotak Multi Asset Allocation Fund charges 0.63% a year and UTI BSE India Sector Leaders Index Fund 5.25%.
Which has the lower expense ratio, Kotak Multi Asset Allocation Fund or UTI BSE India Sector Leaders Index Fund?
Kotak Multi Asset Allocation Fund charges less: 0.63% a year against 5.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Multi Asset Allocation Fund and UTI BSE India Sector Leaders Index Fund overlap?
25.3%. They hold 19 of the same securities, the largest shared ones being SBIN, ITC, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Multi Asset Allocation Fund or UTI BSE India Sector Leaders Index Fund?
On SEBI's riskometer, Kotak Multi Asset Allocation Fund is rated Very High and UTI BSE India Sector Leaders Index Fund Very High. Over their common history, the standard deviation of daily returns was 12.12% and 14.59% a year.
Can I invest in both Kotak Multi Asset Allocation Fund and UTI BSE India Sector Leaders Index Fund?
Yes. 25.3% 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 UTI BSE India Sector Leaders Index Fund?
Kotak Multi Asset Allocation Fund: Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar. UTI BSE India Sector Leaders Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.