Kotak Multi Asset Allocation Fund
The fund maintains a growth-oriented stance with nearly 73% equity exposure, anchored by substantial precious metals holdings (12.7%) that provide inflation hedging and portfolio ballast. The manager is clearly bullish on cyclical recovery, evidenced by concentrated bets on banks, power, and automobiles—sectors positioned to benefit from India's infrastructure momentum. Recent portfolio tweaks, including new airline exposure and higher Bandhan Bank weighting, suggest conviction in discretionary demand revival while trimming IT exposure signals a tactical shift away from defensive plays.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.5730 | — | — | — | — |
| Regular Growth | ₹15.9870 | +2.17% | +24.76% | — | — |
| Direct IDCW | ₹15.9130 | — | — | — | — |
| Regular IDCW | ₹15.3500 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Inter Globe Aviation Ltd | 0.32% |
| MUTHOOT FINANCE LTD.** | 0.74% |
| Andhra Pradesh State Govt - 2033 - Andhra Pradesh | 0.96% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | KOTAK MUTUAL FUND - KOTAK SILVER ETF INF174KA1ZD3 | 7.76% |
| 2 | KOTAK MUTUAL FUND - KOTAK GOLD ETF INF174KA1HJ8 | 4.88% |
| 3 | STATE BANK OF INDIA. INE062A01020 | 3.73% |
| 4 | NTPC LTD INE733E01010 | 3.52% |
| 5 | ITC Ltd. INE154A01025 | 3.45% |
| 6 | Power Finance Corporation Ltd. INE134E01011 | 3.12% |
| 7 | Maruti Suzuki India Limited INE585B01010 | 2.92% |
| 8 | Hindustan Unilever Ltd. INE030A01027 | 2.68% |
| 9 | Hero MotoCorp Ltd. INE158A01026 | 2.46% |
| 10 | Oil India Limited INE274J01014 | 2.31% |
| 11 | Indus Towers Ltd. INE121J01017 | 2.22% |
| 12 | BANDHAN BANK LIMITED INE545U01014 | 2.20% |
| 13 | NLC India Ltd. (Neyveli Lignite Corporation Ltd.) INE589A01014 | 2.15% |
| 14 | HDFC BANK LTD. INE040A01034 | 2.09% |
| 15 | SHRIRAM FINANCE LIMITED INE721A01047 | 2.06% |
| 16 | Triparty Repo | 1.77% |
| 17 | Radico Khaitan Ltd. INE944F01028 | 1.67% |
| 18 | RELIANCE INDUSTRIES LTD. INE002A01018 | 1.63% |
| 19 | BANK OF BARODA INE028A01039 | 1.57% |
| 20 | PARK MEDI WORLD LIMITED (PARK HOSPITAL) INE119201023 | 1.55% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Kotak Multi Asset Allocation Fund hold?
Kotak Multi Asset Allocation Fund holds 90 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.34% of NAV.
What is the largest holding in Kotak Multi Asset Allocation Fund?
The largest position in Kotak Multi Asset Allocation Fund is KOTAK MUTUAL FUND - KOTAK SILVER ETF, accounting for 7.76% of NAV in the ETF Units sector.
Is Kotak Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.513, Kotak Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 23,195 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.34% of the portfolio.
What is the market cap allocation of Kotak Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Kotak Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 43.01%, Mid Cap: 14.23%, Small Cap: 14.30%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Kotak Multi Asset Allocation Fund invest in most?
Kotak Multi Asset Allocation Fund has the highest allocation to ETF Units (12.64%), Banks (12.50%), Finance (7.16%). The fund is invested across 44 sectors in total.
How actively managed is Kotak Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Kotak Multi Asset Allocation Fund has an Active Share of 75.06%, classifying it as "Highly Differentiated" among 32 Multi Asset Allocation peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Kotak Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Kotak Multi Asset Allocation Fund added 3 new stocks (including Inter Globe Aviation Ltd) and exited 5 stocks (including Wipro Ltd.). Total holding count decreased from 94 to 92 stocks.