Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Multi Asset Allocation Fund

Holds 70 companies worth ₹10,807 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹15,591 CrKotak Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 2.0% on Aug 2026, ₹15,283 Cr.

  • Largest holding

    State Bank of IndiaState Bank of India is 3.3% of this scheme's NAV.

  • Fund manager

    Abhishek BisenRuns it since 22 Sept 2023, as the fund house dates it. With Devender Singhal (fund manager), Hiten Shah (fund manager), Jeetu Valechha Sonar (fund manager).

Overview(9 Oct 2026)

Fund managers4

  1. Abhishek BisenFund manager · Sept 2023 · 23y · MBA
  2. Devender SinghalFund manager · Sept 2023 · 25y · PGDM
  3. Hiten ShahFund manager · Sept 2023 · 18y · MMS B.Com
  4. Jeetu Valechha SonarFund manager · Sept 2023 · 11y
  1. Arjun KhannaSept 2023 – Sept 2024

Key facts

Benchmark
(NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) )
Risk
Very High
Expense
Regular 1.76% · Direct 0.63%
Exit load
30% within 1 year
Started
22 Sept 2023
Minimum
₹100

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(15 changes)

Aug 2026

1 change
  1. Expense ratio
    30 AugRegular 1.74% → 1.77%Direct 0.61% → 0.65%

Jul 2026

1 change
  1. Expense ratio
    30 JulDirect 0.6% → 0.61%

Jun 2026

1 change
  1. Expense ratio
    29 JunRegular 1.69% → 1.74%Direct 0.52% → 0.6%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Sept 2023 – now)

  1. Abhishek Bisen
  2. Devender Singhal
  3. Hiten Shah
  4. Jeetu Valechha Sonar
  5. Arjun Khanna
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
14 changesRegularDirectΔ pt
30 Aug 20261.77%0.65%0.04
30 Jul 20261.74%0.61%0.01
29 Jun 20261.74%0.60%0.08
30 May 20261.69%0.52%0.09
29 Apr 20261.65%0.43%0.05
30 Mar 20261.66%0.48%0.02
30 Jan 20261.68%0.50%0
30 Dec 20251.70%0.50%0.02
29 Nov 20251.70%0.48%0.03
31 Oct 20251.72%0.45%0.01
30 Sept 20251.72%0.44%0
31 Aug 20251.73%0.44%0
31 May 20251.74%0.44%0.14
31 Aug 20241.73%0.30%–
Direct plan, 30 Aug 2026
0.65%
Regular plan 1.77% · Exit load 30% within 1 year
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives. However, there is no assurance that the objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An Open Ended Scheme investing in Equity, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.
Benchmark
(NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) )
Benchmark 2
(NIFTY 500 TRI (65%) + NIFTY Short Duraon Debt Index (25%) + Domesc Price of Gold (5%) + Domesc Price of Silver (5%) )

Asset allocation it may hold% of NAV

  1. Equity & Equity Related instruments
    Allowed65–80%Holds70.9%
  2. Debt & Money market securities
    Allowed10–25%Holds29.0%
  3. Commodity ETFs, Exchange Traded Commodity Derivatives (ETCDs)$ & any other mode of investment in commodities as permitted by SEBI from time to time
    Allowed10–25%
  4. Units of InvITs and Units of Mutual Fund
    Allowed0–15%

Holds in Sept 2026.70.9% equity · 29.0% debt and cash

How to invest(9 Oct 2026)

Buying

To start
₹100, then any amount thereafter Rs. 100/-
To add
₹100, then any amount thereafter Rs. 100/-
Systematic
SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily & Weekly
Dates
SIP - Any date from 1st to 31st SWP - Any Business Day STP - Any Business Day
Minimum
SIP - Rs.21 and in multiples of Re 0.01, SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - Re. 1STP - Re. 1
Instalments
SIP - N.A. SWP - 6 installmentsSTP - 6 installments

Selling and switching

To redeem
₹1,000 or 100 units

Scheme details(9 Oct 2026)

What it is

Category
Hybrid Scheme - Multi Asset Allocation Fund
Offer
31 Aug 2023 to 14 Sept 2023
Started
22 Sept 2023
Reopened
3 Oct 2023
Plans
Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled, No segregated portfolio created
Custodian
Deutsche Bank A G, Mumbai and Standard Chartered Bank, Mumbai, Orbis Financial Corporation Limited - Haryana
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/H/MAA/23/06/0109