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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.4220 | — | — | — | — | — | — |
| Regular Growth | ₹15.8410 | +3.21% | -0.09% | +8.32% | +25.06% | — | — |
| Direct IDCW | ₹15.7680 | — | — | — | — | — | — |
| Regular IDCW | ₹15.2110 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.