Kotak Multi Asset Omni FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Kotak Multi Asset Omni FOF Direct Growth Plan has a NAV of ₹281.722 as of 08 Sep 2026 and an AUM of ₹2,566 Cr. Its 1-year, 3-year and 5-year returns are 10.57%, 15.55% and 15.19%, and the scheme sits in the High Risk category.
Our view is that the fund suits investors who want a multi-asset structure with stronger longer-term compounding than the benchmark, while accepting that recent returns have been uneven. The portfolio is built around a concentrated set of underlying fund and ETF holdings, which can support diversification across themes but can also make results more dependent on a handful of positions.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹281.722 as of 08 Sep 2026 |
| AUM | ₹2,566 Cr |
| Expense Ratio | 0.4% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | Nil upto 8% of units and 1% for remaining units on or before 1Y, Nil after 1Y |
| Fund Managers | Devender Singhal, Abhishek Bisen |
The fund is managed by Devender Singhal and Abhishek Bisen.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.97% | -4.69% |
| 3M | 5.03% | 0.93% |
| 1Y | 10.57% | -7.16% |
| 3Y | 15.55% | 6% |
| 5Y | 15.19% | 5.87% |
The recent pattern is mixed, but it is better than it first appears. The 1-month return was slightly negative, while the 3-month return stayed positive, which suggests some near-term wobble rather than a clean upward run. Even so, both short windows held up better than the benchmark, which was also negative over 1 month and only mildly positive over 3 months.
The 1-year figure is much more notable. The fund’s 10.57% return comfortably stayed ahead of the benchmark’s -7.16%, so the fund protected capital far better over that stretch. That matters because the benchmark itself was weak during the period, and the fund still produced a positive outcome despite the choppier shorter-term movement.
Longer-term, the picture is stronger still. The 3-year return of 15.55% and 5-year return of 15.19% both exceed the benchmark by a wide margin, which points to better compounding through a full market cycle than a plain equity index. The 3-year figure is also slightly above the 5-year figure, so recent multi-year compounding has held up without a major deterioration in the longer record.
Overall, we see a fund that has been steadier over medium and long horizons than over very short ones. Recent movement does not change the broader advantage versus the benchmark, but it does show that returns can fluctuate before the longer trend becomes visible.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Kotak Multi Asset Omni FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Kotak Multi Asset Omni FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Multi Asset Omni FOF Direct Growth Plan | 10.57% | 15.55% | 15.19% |
| SBI Silver ETF FOF Direct Growth Plan | 84.9% | Data not available | Data not available |
| Kotak Silver ETF FoF Direct Growth Plan | 84.03% | 46.21% | Data not available |
| Nippon India Silver ETF FOF Direct Growth Plan | 83.29% | 46.02% | Data not available |
| Zerodha Silver ETF FOF Direct Growth Plan | 82.53% | Data not available | Data not available |
| Aditya Birla SL Silver ETF FOF Direct Growth Plan | 82.46% | 45.91% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is far below the silver-focused peers listed here, but that gap is not surprising because the peer set is dominated by a very different theme. The more relevant comparison is that the fund’s 3-year and 5-year returns remain solid and materially ahead of the benchmark, while the listed silver funds with available longer-term figures show higher 3-year numbers but no usable 5-year record. In our view, the short-term peer comparison tells one story, while the longer-term comparison tells another.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Kotak Infrastructure & Economic Reform Fund Direct Growth | Domestic Mutual Funds Units | 9.14% |
| Kotak Mutual Fund – Kotak Silver ETF | Domestic Mutual Funds Units – Silver | 9.11% |
| Kotak PSU Bank ETF | Domestic Mutual Funds Units | 8.79% |
| Kotak Consumption Fund Growth | Domestic Mutual Funds Units | 8.52% |
| Kotak Nifty Bank ETF | Domestic Mutual Funds Units | 8.34% |
| Kotak Manufacture in India Fund | Domestic Mutual Funds Units | 7.87% |
| Kotak Mutual Fund – Kotak Gold ETF | Domestic Mutual Funds Units – Gold | 6.24% |
| Kotak Active Momentum Fund Direct Growth | Domestic Mutual Funds Units | 6.03% |
| Kotak Gilt Fund Direct Growth | Domestic Mutual Funds Units | 5.5% |
| Kotak Nifty 50 ETF | Domestic Mutual Funds Units | 4.83% |
The largest disclosed holding is Kotak Infrastructure & Economic Reform Fund Direct Growth at 9.14%, which is large enough to matter but not so dominant that it overwhelms the rest of the portfolio. The tenth holding still carries 4.83%, so the drop from the first position to the tenth is noticeable, yet not extreme. That shape suggests a portfolio built from several meaningful positions rather than one very large anchor.
The top 10 holdings together account for approximately 74.37% of the portfolio, and 17 holdings are disclosed in total. That tells us the fund has a fairly broad tail beyond the largest names, but the visible core still carries most of the weight. In our view, the combination of several mid-sized positions and a long tail may reduce reliance on any single holding, although the top names could still have greater influence on returns than the smaller positions.
Because the disclosed holdings span domestic mutual fund units, ETFs and gilt exposure, the portfolio may behave differently from a plain equity fund. That can be useful for diversification, but it also means the outcome depends on how each sleeve performs at different points in the market cycle.
To see all holdings, visit the Kotak Multi Asset Omni FOF Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund is better suited to investors who can tolerate High Risk and are willing to stay invested for a medium to long horizon. The 1-year record is positive but modest versus the stronger 3-year and 5-year history, so short-horizon investors may find the ride uneven before the longer compounding pattern shows through.
The main trade-off is that the fund has not matched the silver-heavy peer returns in the recent 1-year window, but it has done better than the benchmark over 3 and 5 years. Investors who value a multi-asset approach, with exposure spread across fund units, ETFs and gilt, may find that mix useful. Those who prefer steadier short-term outcomes or a simple index-style profile may find the variability harder to accept.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil upto 8% of units and 1% for remaining units on or before 1Y, Nil after 1Y.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Kotak Multi Asset Omni FOF Direct Growth Plan?
The current NAV is ₹281.722 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 10.57%, 15.55% and 15.19%.
How has it done versus the benchmark?
It has outperformed the Nifty 50 over 1 year, 3 years and 5 years. The benchmark returns are -7.16%, 6% and 5.87% for those periods.
How does it compare with the listed peers on 1-year return?
The listed silver-focused peers have much higher 1-year returns, with figures such as 84.9%, 84.03% and 83.29%, while this fund’s 1-year return is 10.57%. The longer-term picture is different because this fund has a stronger 3-year and 5-year record versus the benchmark.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund, and what is the exit load?
The fund is managed by Devender Singhal and Abhishek Bisen. The exit load is nil up to 8% of units and 1% for the remaining units on or before 1 year, and nil after 1 year.
Bottom line
Kotak Multi Asset Omni FOF Direct Growth Plan shows a clear split between short-term variability and stronger longer-term compounding. Its recent return pattern is choppier than its 3-year and 5-year history, but the longer record remains comfortably ahead of the benchmark. The peer set here is theme-heavy and much stronger on 1-year numbers, yet the fund’s multi-asset structure and spread of underlying holdings give it a different profile. For investors who can accept High Risk and prefer a diversified, multi-sleeve approach, that mix may be more relevant than chasing the strongest recent one-year figure.
Published on 10 September 2026 at 3:30 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.