mutual funds kotak multi asset allocation fund directgrowth

holdings

Kotak Multi Asset Allocation Fund Direct-Growth

Hybrid: Multi Asset Allocation - Growth (Open ended)

SEBI Riskometer: Very HighCategory: Hybrid: Multi Asset AllocationCheck Portfolio Overlap →

NAV: ₹15.57-1.02%

22 Oct 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Kotak Multi Asset Allocation Fund Direct-Growth.

Asset Allocation

As on 30 Sep 2026

Equity

70.10%

Commodities

14.96%

Debt

11.14%

Others

3.41%

Real estate

0.39%

Market Cap Distribution

Large Cap (50.7%)

Mid Cap (26.9%)

Small Cap (22.4%)

Historical Asset Allocation

Asset	30 Sep 2026	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Equity	70.10%	69.76%	71.22%	70.03%	70.15%	72.23%
Debt	11.14%	10.64%	10.51%	11.11%	11.49%	12.01%
Others (incl. cash)	3.41%	1.68%	6.92%	6.97%	5.37%	3.23%
Commodities	14.96%	17.53%	11.32%	11.85%	12.95%	12.49%
Real Estate	0.39%	0.39%	0.03%	0.03%	0.03%	0.04%

Portfolio Snapshot

No. of Securities

P/E Ratio

20.38

P/B Ratio

2.88

Top Holding %

7.90%

Top 5 Holdings %

23.10%

Top 10 Holdings %

35.44%

Modified Duration

2.88 yrs

Avg. Maturity

7.53 yrs

Yield to Maturity

6.76%

AUM

₹15,236 Cr

Expense Ratio

0.63%

Since Inception

15.43%

Max Drawdown

-0.14%

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
State Bank of India	Financial	51,90,434	498.02	3.27%	-0.33%↓
INDO-MIM Ltd.	Capital Goods	35,71,317	443.72	2.91%	0.87%↑
ITC Ltd.	Consumer Staples	1,47,50,000	387.56	2.54%	0.08%↑
NTPC Ltd.	Energy	1,18,43,500	382.25	2.51%	-0.03%↓
Eternal Ltd.	Services	1,18,82,040	380.23	2.50%	-0.06%↓
Maruti Suzuki India Ltd.	Automobile	3,05,000	364.99	2.40%	-0.31%↓
HDFC Bank Ltd.	Financial	51,39,950	364.27	2.39%	0.47%↑
Hero Motocorp Ltd.	Automobile	6,50,000	340.67	2.24%	-0.08%↓
Indus Towers Ltd.	Communication	85,42,629	318.81	2.09%	-0.08%↓
Power Finance Corporation Ltd.	Financial	93,49,910	304.34	2.00%	-0.06%↓
Oracle Financial Services Software Ltd.	Technology	2,85,874	303.88	1.99%	-0.35%↓
Hindustan Unilever Ltd.	Consumer Staples	16,01,383	300.92	1.98%	-0.09%↓
MTAR Technologies Ltd.	Capital Goods	3,81,638	297.56	1.95%	0.19%↑
Shriram Finance Ltd	Financial	27,00,000	265.33	1.74%	-0.22%↓
Bank Of Baroda	Financial	1,15,00,000	265.13	1.74%	-0.06%↓
Radico Khaitan Ltd.	Consumer Staples	5,85,791	255.76	1.68%	-0.04%↓
Park Medi World Ltd.	Healthcare	89,73,670	246.73	1.62%	-0.06%↓
NLC India Ltd.	Energy	91,25,284	238.81	1.57%	-0.03%↓
Bandhan Bank Ltd.	Financial	1,28,62,474	229.25	1.50%	0.13%↑
One 97 Communications Ltd.	Services	13,60,019	228.21	1.50%	0.97%↑

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	30 Sep 2026	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Financial	17.83%	18.18%	19.10%	20.61%	18.95%	20.23%
Energy	8.38%	9.09%	10.18%	11.19%	12.31%	12.12%
Services	8.22%	7.41%	6.42%	5.33%	4.92%	5.35%
Automobile	7.49%	7.40%	7.61%	7.52%	7.38%	7.64%
Consumer Staples	7.35%	7.49%	8.56%	8.94%	9.01%	9.87%
Capital Goods	5.69%	4.42%	3.97%	1.13%	1.13%	1.25%
Healthcare	4.84%	4.95%	4.23%	4.38%	3.62%	3.03%
Communication	3.36%	3.46%	3.73%	3.76%	4.14%	3.76%
Metals & Mining	2.55%	2.67%	1.73%	1.96%	2.29%	2.30%
Technology	2.27%	2.83%	3.68%	3.50%	4.67%	4.91%
Chemicals	0.67%	0.42%	0.46%	0.50%	0.54%	0.42%
Consumer Discretionary	0.52%	0.47%	0.39%	0.41%	0.43%	0.53%
Insurance	0.49%	0.52%	0.40%	0.42%	0.41%	0.41%
Construction	0.44%	0.45%	0.64%	0.23%	0.22%	0.25%
Others	-	-	0.13%	0.16%	0.14%	0.16%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
A1+	5.53%	2.19%
SOV	3.38%	6.30%
Cash & Call Money	3.22%	6.52%
AAA	1.52%	6.11%
AA+	0.72%	1.59%
Others	0.00%	0.03%
Cash	0.00%	1.34%
A	-	0.01%
A+	-	0.02%
AA	-	0.82%
AA-	-	0.30%
Term Deposits	-	0.00%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

56.0 / 100

Weighted average Value score is 56.0. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

53.4 / 100

Weighted average Price Momentum score is 53.4. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

67.6 / 100

Weighted average Quality score is 67.6. This indicates that portfolio has average quality using composite of quality measures.

QVM score

67.0 / 100

Weighted average QVM score is 67.0. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Hindustan Unilever Ltd.	-1.56
Hindustan Zinc Ltd.	-1.37
Viyash Scientific Ltd.	-1.33
Tata Technologies Ltd.	-1.6
Swiggy Ltd.	-1.35
Anthem Biosciences Ltd.	-1.63
Prasol Chemicals Ltd.	-1.33

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): DLF Ltd.

Negative cash flow from operations

Following companies have not generated positive operating cash flow for 2 consecutive financial years: Jyoti CNC Automation Ltd., Life Insurance Corporation of India, Power Finance Corporation Ltd., Poonawalla Fincorp Ltd., Shriram Finance Ltd., Swiggy Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Interglobe Aviation Ltd.	11.15

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
HDFC Bank Ltd.	Certificate of Deposit	0.00%	22/01/2027	CARE A1+	1.29%
GOI	GOI Securities	6.90%	15/04/2065	SOV	1.14%
Punjab National Bank	Certificate of Deposit	0.00%	12/03/2027	CRISIL A1+	0.96%
GOI	GOI Securities	7.34%	22/04/2064	SOV	0.94%
Bank Of Baroda	Certificate of Deposit	0.00%	11/03/2027	FITCH A1+	0.89%
Muthoot Finance Ltd.	Non Convertible Debenture	8.45%	26/06/2029	CRISIL AA+	0.65%
Power Finance Corporation Ltd.	Debenture	0.08%	0	CRISIL AAA	0.65%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	24/02/2027	CARE A1+	0.64%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	04/02/2027	FITCH A1+	0.64%
Punjab National Bank	Certificate of Deposit	0.00%	05/02/2027	CRISIL A1+	0.64%
IndiGrid Infrastructure Trust	Debenture	7.88%	30/04/2029	CRISIL AAA	0.33%
Bajaj Housing Finance Ltd.	Non Convertible Debenture	7.53%	28/09/2029	CRISIL AAA	0.32%
West Bengal State	State Development Loan	6.98%	17/11/2037	SOV	0.26%
GOI	GOI Securities	7.09%	05/08/2054	SOV	0.25%
Rajasthan State	State Development Loan	7.61%	29/03/2027	SOV	0.17%
Rajasthan State	State Development Loan	0.00%	2033	SOV	0.16%
GOI	GOI Securities	7.09%	25/11/2074	SOV	0.16%
Bihar State	State Development Loan	6.88%	09/07/2035	SOV	0.15%
REC Ltd.	Bonds	0.00%	03/11/2034	CRISIL AAA	0.09%
Bajaj Housing Finance Ltd.	Debenture	8.10%	08/07/2027	CRISIL AAA	0.07%
Small Industries Devp. Bank of India Ltd.	Debenture	7.68%	09/07/2027	CRISIL AAA	0.07%
Aadhar Housing Finance Ltd	Debenture	8.65%	21/08/2027	ICRA AA+	0.07%
GOI	GOI Securities	7.06%	10/04/2028	SOV	0.03%
Rajasthan State	State Development Loan	7.09%	31/07/2029	SOV	0.01%
Karnataka State	State Development Loan	7.20%	23/10/2029	SOV	0.01%

Frequently Asked Questions

What are the top holdings of Kotak Multi Asset Allocation Fund Direct-Growth?

The top holdings of Kotak Multi Asset Allocation Fund Direct-Growth as of 30 Sep 2026 are Kotak Silver ETF-Growth (7.90%), Kotak Gold ETF (5.74%), Others (3.28%), State Bank of India (3.27%), INDO-MIM Ltd. (2.91%). These top 5 stocks together account for 23.10% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Kotak Multi Asset Allocation Fund Direct-Growth hold in its portfolio?

Kotak Multi Asset Allocation Fund Direct-Growth holds 96 stocks in its portfolio as of 30 Sep 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Kotak Multi Asset Allocation Fund Direct-Growth?

As of 30 Sep 2026, Kotak Multi Asset Allocation Fund Direct-Growth's top sector allocations are Financial (17.83%), Energy (8.38%), Services (8.22%). You can find detailed sector allocation above.

What is the equity and debt allocation of Kotak Multi Asset Allocation Fund Direct-Growth?

As of 30 Sep 2026, Kotak Multi Asset Allocation Fund Direct-Growth has 70.10% allocated to equity, and 11.14% to debt. You can also check the historical trends above.

What is the market cap allocation of Kotak Multi Asset Allocation Fund Direct-Growth?

As of 30 Sep 2026, Kotak Multi Asset Allocation Fund Direct-Growth's market cap allocation is 50.70% in large caps, 26.86% in mid caps, and 22.44% in small caps.

What is the PE ratio of Kotak Multi Asset Allocation Fund Direct-Growth's portfolio?

The portfolio PE ratio of Kotak Multi Asset Allocation Fund Direct-Growth is 20.38 as of 30 Sep 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Kotak Multi Asset Allocation Fund Direct-Growth?

As of 30 Sep 2026, Kotak Multi Asset Allocation Fund Direct-Growth's debt portfolio has 1.52% in AAA-rated instruments, 0.72% in AA-rated, and 3.38% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.

When is the latest portfolio disclosure for Kotak Multi Asset Allocation Fund Direct-Growth?

The latest portfolio disclosure for Kotak Multi Asset Allocation Fund Direct-Growth is as of 30 Sep 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

30 Sep 2026

31 Aug 2026

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

Equity

70.10%

69.76%

71.22%

70.03%

70.15%

72.23%

Debt

11.14%

10.64%

10.51%

11.11%

11.49%

12.01%

Others (incl. cash)

3.41%

1.68%

6.92%

6.97%

5.37%

3.23%

Commodities

14.96%

17.53%

11.32%

11.85%

12.95%

12.49%

Real Estate

0.39%

0.03%

0.04%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

State Bank of India

Financial

51,90,434

498.02

3.27%

-0.33%↓

INDO-MIM Ltd.

Capital Goods

35,71,317

443.72

2.91%

0.87%↑

ITC Ltd.

Consumer Staples

1,47,50,000

387.56

2.54%

0.08%↑

NTPC Ltd.

Energy

1,18,43,500

382.25

2.51%

-0.03%↓

Eternal Ltd.

Services

1,18,82,040

380.23

2.50%

-0.06%↓

Maruti Suzuki India Ltd.

Automobile

3,05,000

364.99

2.40%

-0.31%↓

HDFC Bank Ltd.

Financial

51,39,950

364.27

2.39%

0.47%↑

Hero Motocorp Ltd.

Automobile

6,50,000

340.67

2.24%

-0.08%↓

Indus Towers Ltd.

Communication

85,42,629

318.81

2.09%

-0.08%↓

Power Finance Corporation Ltd.

Financial

93,49,910

304.34

2.00%

-0.06%↓

Oracle Financial Services Software Ltd.

Technology

2,85,874

303.88

1.99%

-0.35%↓

Hindustan Unilever Ltd.

Consumer Staples

16,01,383

300.92

1.98%

-0.09%↓

MTAR Technologies Ltd.

Capital Goods

3,81,638

297.56

1.95%

0.19%↑

Shriram Finance Ltd

Financial

27,00,000

265.33

1.74%

-0.22%↓

Bank Of Baroda

Financial

1,15,00,000

265.13

1.74%

-0.06%↓

Radico Khaitan Ltd.

Consumer Staples

5,85,791

255.76

1.68%

-0.04%↓

Park Medi World Ltd.

Healthcare

89,73,670

246.73

1.62%

-0.06%↓

NLC India Ltd.

Energy

91,25,284

238.81

1.57%

-0.03%↓

Bandhan Bank Ltd.

Financial

1,28,62,474

229.25

1.50%

0.13%↑

One 97 Communications Ltd.

Services

13,60,019

228.21

1.50%

0.97%↑

Sector

30 Sep 2026

31 Aug 2026

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

Financial

17.83%

18.18%

19.10%

20.61%

18.95%

20.23%

Energy

8.38%

9.09%

10.18%

11.19%

12.31%

12.12%

Services

8.22%

7.41%

6.42%

5.33%

4.92%

5.35%

Automobile

7.49%

7.40%

7.61%

7.52%

7.38%

7.64%

Consumer Staples

7.35%

7.49%

8.56%

8.94%

9.01%

9.87%

Capital Goods

5.69%

4.42%

3.97%

1.13%

1.25%

Healthcare

4.84%

4.95%

4.23%

4.38%

3.62%

3.03%

Communication

3.36%

3.46%

3.73%

3.76%

4.14%

3.76%

Metals & Mining

2.55%

2.67%

1.73%

1.96%

2.29%

2.30%

Technology

2.27%

2.83%

3.68%

3.50%

4.67%

4.91%

Chemicals

0.67%

0.42%

0.46%

0.50%

0.54%

0.42%

Consumer Discretionary

0.52%

0.47%

0.39%

0.41%

0.43%

0.53%

Insurance

0.49%

0.52%

0.40%

0.42%

0.41%

Construction

0.44%

0.45%

0.64%

0.23%

0.22%

0.25%

Others

0.13%

0.16%

0.14%

0.16%

Rating

Fund