{"id":258984,"date":"2026-09-21T11:55:33","date_gmt":"2026-09-21T06:25:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/"},"modified":"2026-09-21T11:55:33","modified_gmt":"2026-09-21T06:25:33","slug":"kotak-multi-asset-allocation-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/","title":{"rendered":"Kotak Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-asset-allocation-fund-g-direct-plan\">Kotak Multi Asset Allocation Fund Direct Growth Plan<\/a> had a NAV of \u20b916.558 as of 18 Sep 2026 and manages \u20b915,282 Cr in assets. Its 1-year, 3-year and 5-year returns are 14.68%, Data not available and Data not available, and the scheme is tagged High Risk. Our view is that it may suit investors who can tolerate sharp swings and want a multi-asset allocation approach, but the short operating history means the longer picture is still limited.<\/p>\n<p>Recent returns have been better than the benchmark\u2019s one-year and shorter-window performance, but the fund\u2019s own track record is still too short to assess full cycle consistency. The portfolio also includes meaningful exposure to gold, silver, cash and select equities, which may make it less dependent on any one market segment.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Kotak_Multi_Asset_Allocation\" title=\"Should you BUY or HOLD Kotak Multi Asset Allocation?\">Should you BUY or HOLD Kotak Multi Asset Allocation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kotak-multi-asset-allocation-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b916.558 as of 18 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b915,282 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.45%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>22 Sep 2023<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 30% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Devender Singhal, Abhishek Bisen, Hiten Shah and Jeetu Valechha Sonar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 18 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-2.05%<\/td>\n<td>-3.73%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>0.35%<\/td>\n<td>-3.14%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>14.68%<\/td>\n<td>-5.31%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The near-term pattern has been uneven, but the fund has still held up better than the benchmark over the periods that are available. The 1-month return was negative, yet it was less weak than the benchmark, and the 3-month period moved into positive territory while the benchmark stayed negative. That tells us the fund recovered better over the latest quarter than the broad market proxy used here.<\/p>\n<p>The one-year figure is the clearest comparison point because the fund has been live for only a short time. At 14.68%, it stands well ahead of the benchmark\u2019s negative one-year return. Even so, we would treat that number as a limited snapshot rather than proof of long-term consistency, because the scheme has not yet built a full 3-year or 5-year track record.<\/p>\n<p>The time pattern also shows that returns have not risen in a straight line. There were softer patches inside the recent window, which is common for a hybrid fund that holds both equity-linked assets and defensive allocations. For investors, that means the fund has shown some resilience versus the benchmark, but the path has still been choppy.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 18 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Kotak_Multi_Asset_Allocation\"><\/span>Should you BUY or HOLD Kotak Multi Asset Allocation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Kotak Multi Asset Allocation? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-asset-allocation-fund-g-direct-plan\">Kotak Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>14.68%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/360-one-multi-asset-allocation-fund-g-direct-plan\">360 ONE Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>19.91%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-multi-asset-allocation-fund-g-direct-plan\">Quant Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>16.29%<\/td>\n<td>22.23%<\/td>\n<td>19.88%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-multi-asset-allocation-fund-g-direct-plan\">Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.65%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-multi-asset-allocation-fund-g-direct-plan\">DSP Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.65%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available one-year numbers, the fund trails 360 ONE Multi Asset Allocation Fund Direct Growth Plan and Quant Multi Asset Allocation Fund Direct Growth Plan, while staying ahead of Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan and DSP Multi Asset Allocation Fund Direct Growth Plan. That makes the recent picture mixed rather than dominant.<\/p>\n<p>The longer-view comparison is less complete because only one peer in this set has 3-year and 5-year figures available, and that peer has materially stronger long-term returns than Kotak\u2019s data window allows us to assess. So the current fund\u2019s short-term profile looks acceptable, but the available peer data suggests that its longer-term case is still unproven relative to the better-established schemes in the group.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 18 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Kotak Mutual Fund &#8211; Kotak Silver ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>9.15%<\/td>\n<\/tr>\n<tr>\n<td>Triparty Repo<\/td>\n<td>Cash &#038; Cash Equivalents and Net Assets<\/td>\n<td>5.13%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mutual Fund &#8211; Kotak Gold ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>4.99%<\/td>\n<\/tr>\n<tr>\n<td>State Bank of India.<\/td>\n<td>Bank<\/td>\n<td>3.60%<\/td>\n<\/tr>\n<tr>\n<td>Maruti Suzuki India Limited<\/td>\n<td>Automobile &#038; Ancillaries<\/td>\n<td>2.70%<\/td>\n<\/tr>\n<tr>\n<td>Eternal Limited<\/td>\n<td>Retailing<\/td>\n<td>2.55%<\/td>\n<\/tr>\n<tr>\n<td>NTPC Ltd<\/td>\n<td>Power<\/td>\n<td>2.54%<\/td>\n<\/tr>\n<tr>\n<td>ITC Ltd.<\/td>\n<td>FMCG<\/td>\n<td>2.47%<\/td>\n<\/tr>\n<tr>\n<td>Oracle Financial Services Software Ltd<\/td>\n<td>IT<\/td>\n<td>2.35%<\/td>\n<\/tr>\n<tr>\n<td>Hero Motocorp Ltd.<\/td>\n<td>Automobile &#038; Ancillaries<\/td>\n<td>2.32%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is Kotak Mutual Fund &#8211; Kotak Silver ETF at 9.15%, which is sizeable but not overwhelming on its own. The weight then steps down gradually into cash, gold and individual equities, with no single equity position dominating the top of the book.<\/p>\n<p>From the first holding to the tenth, the weights fall from 9.15% to 2.32%, so the display set is fairly spread out. The top ten holdings together account for approximately 37.8% of the portfolio, which suggests that a meaningful share of assets is still spread across the remaining disclosed holdings and other positions beyond the top ten. With 57 holdings disclosed in total, the portfolio may be diversified enough to avoid heavy dependence on just a few names, even though the precious-metal sleeves are clearly visible.<\/p>\n<p>That structure means the fund is likely to have influence from both defensive and market-linked positions. The silver and gold ETF allocations may cushion equity risk at times, while the equity names and cash position could still keep returns sensitive to changes in market sentiment and asset allocation calls.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-asset-allocation-fund-g-direct-plan\">Kotak Multi Asset Allocation Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 18 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who can handle High Risk and want a hybrid allocation that mixes precious metals, cash and equities. The short-term record has been better than the benchmark, but the lack of a full 3-year or 5-year track record means the longer-term case is still developing.<\/p>\n<p>It may appeal to investors with a medium-to-long horizon who are comfortable with uneven returns along the way. The trade-off is that the portfolio can participate in market upside while also carrying volatility from equity and commodity-linked exposures, so the experience may be less steady than a plain debt-oriented fund.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> Nil upto 30% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 18 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Kotak Multi Asset Allocation Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b916.558 as of 18 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s 1-year return is 14.68%, while the 3-year and 5-year returns are Data not available. The scheme does not yet have a full longer-term track record in the visible figures.<\/p>\n<p><strong>How does it compare with the benchmark?<\/strong><br \/>It has outpaced the Nifty 50 benchmark on the available 1-month, 3-month and 1-year periods. The benchmark was negative across those same windows, while the fund stayed ahead.<\/p>\n<p><strong>How does it compare with peer funds on the available 1-year figures?<\/strong><br \/>It trails 360 ONE Multi Asset Allocation Fund Direct Growth Plan and Quant Multi Asset Allocation Fund Direct Growth Plan on 1-year return, but it is ahead of Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan and DSP Multi Asset Allocation Fund Direct Growth Plan in the same window.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>Who manages the fund and what kind of risk profile does it have?<\/strong><br \/>The fund is managed by Devender Singhal, Abhishek Bisen, Hiten Shah and Jeetu Valechha Sonar, and it is classified as High Risk. Its top holdings are led by Kotak Mutual Fund &#8211; Kotak Silver ETF, followed by cash, gold and several individual equity positions.<\/p>\n<p>Its recent performance has been stronger than the benchmark, but the longer-term picture remains incomplete because the fund is still young. The portfolio has visible precious-metal exposure alongside equities and cash, so the fit is better for investors who can tolerate uneven returns and want a hybrid structure rather than a single-asset fund.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 21 September 2026 at 11:55 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Kotak Multi Asset Allocation Fund Direct Growth Plan\",\"identifier\":\"kotak-multi-asset-allocation-fund-g-direct-plan\",\"category\":\"Hybrid\",\"dateCreated\":\"22 Sep 2023\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":16.558,\"valueReference\":\"as of 18 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"15282 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.45\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":14.68},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Devender Singhal, Abhishek Bisen, Hiten Shah, Jeetu Valechha Sonar\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Kotak Multi Asset Allocation Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b916.558 as of 18 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 14.68%, while the 3-year and 5-year returns are Data not available. 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The benchmark was negative across those same windows, while the fund stayed ahead.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on the available 1-year figures?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It trails 360 ONE Multi Asset Allocation Fund Direct Growth Plan and Quant Multi Asset Allocation Fund Direct Growth Plan on 1-year return, but it is ahead of Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan and DSP Multi Asset Allocation Fund Direct Growth Plan in the same window.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what kind of risk profile does it have?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Devender Singhal, Abhishek Bisen, Hiten Shah and Jeetu Valechha Sonar, and it is classified as High Risk. Its top holdings are led by Kotak Mutual Fund - Kotak Silver ETF, followed by cash, gold and several individual equity positions.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Multi Asset Allocation Fund Direct Growth Plan NAV is \u20b916.558 as of 18 Sep 2026, with 1-year return of 14.68% and High Risk tagging.<\/p>\n","protected":false},"author":38,"featured_media":258983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-258984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["258983"],"rank_math_title":["Kotak Multi Asset Allocation Fund Review 2026"],"rank_math_description":["Kotak Multi Asset Allocation Fund Direct Growth Plan NAV \u20b916.558, 1Y return 14.68%, High Risk, with mixed short-term performance."],"rank_math_focus_keyword":["Kotak Multi Asset Allocation Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Kotak_Multi_Asset_Allocation_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/258984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=258984"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/258984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/258983"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=258984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=258984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=258984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}