HealthyDirect · GrowthFit for a long SIP
Kotak Multi Asset Allocation Fund
Kotak Mahindra Mutual FundHybrid Scheme - Multi Asset Allocation3.1 years
- NAV
- 15.649
- 29 Oct 2026
- 1Y
- +4.3%
- Trailing CAGR
- AUM
- ₹15,235.76 Cr
- 30 Sept 2026
- Volatility
- Medium
- 12.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.1 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.63% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -13.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 36.5% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 14%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.3%
- 3Y+16.2%
- 5Yn/a
- 10Yn/a
- SI+15.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-5.4%
- 3Y+10.3%
- 5Yn/a
- 10Yn/a
- Since inception
- +15.6%
- Calendar-day CAGR
- Excess 1Y
- +1.8%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 71
- Vs comparable share classes
- SIP 3Y XIRR
- +10.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +15.3%
- 18 daily-ending windows
- Median rolling 3Y
- +16.6%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -13.8%
- Worst peak-to-trough
- Current
- -9.9%
- Below last peak
- Current spell
- 273 days
- Days below latest peak
- Time below peak
- +79%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 48 recovered episodes
- Longest recovery
- 126 days
- Trough to prior peak
29 Jan 2026 – open
Trough 23 Mar 2026 · not recovered
-13.8%
26 Sept 2024 – 4 Jul 2025
Trough 28 Feb 2025 · recovered in 126 days
-12.0%
3 Jun 2024 – 7 Jun 2024
Trough 4 Jun 2024 · recovered in 3 days
-4.3%
16 Jul 2024 – 21 Aug 2024
Trough 6 Aug 2024 · recovered in 15 days
-3.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
71
Vs category
62
Consistency
85
Risk-adjusted
64
Drawdown
66
Mean
70
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 100 holdings · top 10 are 36.5%.
- Top 5
- 24.2%
- Top 10
- 36.5%
- Largest holding
- 7.9%
- Effective holdings
- 41.3
Kotak Silver ETF-Growth
Unspecified
7.9%
Kotak Gold ETF
Unspecified
5.7%
Repo
Unspecified
4.4%
State Bank of India
Financial
3.3%
INDO-MIM Ltd.
Industrials
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Nippon India Multi Asset Allocation Fund
Nippon India Mutual Fund
- 1Y
- +3.1%
- 3Y
- +17.9%
- Vol
- 9.5%
- Max DD
- -10.8%
- Sharpe
- 1.09
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Franklin India Multi Asset Allocation Fund
Franklin Templeton Mutual Fund
- 1Y
- +0.6%
- 3Y
- n/a
- Vol
- 11.9%
- Max DD
- -11.5%
- Sharpe
- -0.04
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Quantum Multi Asset Allocation Fund
Quantum Mutual Fund
- 1Y
- -3.3%
- 3Y
- n/a
- Vol
- 7.7%
- Max DD
- -10.5%
- Sharpe
- 0.15
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Multi Asset Allocation Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.9%
- 3Y
- +15.4%
- Vol
- 9.8%
- Max DD
- -12.8%
- Sharpe
- 0.93
- 3Y win
- +60%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Bajaj Finserv Multi Asset Allocation Fund
Bajaj Finserv Mutual Fund
- 1Y
- -0.0%
- 3Y
- n/a
- Vol
- 10.3%
- Max DD
- -13.2%
- Sharpe
- 0.23
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns