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Edelweiss Multi Asset Allocation Fund - Direct Plan - Growth vs Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option
Edelweiss Multi Asset Allocation Fund and Kotak Multi Asset Allocation Fund are both in the Multi Asset Allocation category, from Edelweiss Asset Management Limited and Kotak Mahindra Asset Management Company Limited. respectively. Edelweiss Multi Asset Allocation Fund has posted a higher 3-year rolling CAGR. Kotak Multi Asset Allocation Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Multi Asset Allocation Fund has the lower direct-plan expense ratio, by 0.15 percentage points.
| Edelweiss Multi Asset Allocation Fund - Direct Plan - Growth | Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | Edelweiss Asset Management Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty 500 TRI (40%) + CRISIL Short Term Bond Fund Index (50%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%) | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver |
| NAV | ₹12.6967 (2026-10-28) | ₹15.508 (2026-10-28) |
| AUM | ₹2,967.938 Cr | ₹15,057.504 Cr |
| Expense Ratio (Direct) | 0.79% | 0.6417% |
| Inception | 2023-06-05 | 2023-08-31 |
Returns
Edelweiss Multi Asset Allocation Fund leads on 3-year rolling CAGR (7.6% vs Kotak Multi Asset Allocation Fund's 16.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Kotak Multi Asset Allocation Fund has been the more volatile of the two by standard deviation.
| Edelweiss Multi Asset Allocation Fund - Direct Plan - Growth | Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.32 | 0.73 |
| 3Y Alpha | 0.5357% | 2.9589% |
| 3Y Std Deviation | 1.4619% | 10.6722% |
| 3Y Calmar Ratio | 4.25 | 1.07 |
Portfolio Analytics
Kotak Multi Asset Allocation Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Edelweiss Multi Asset Allocation Fund - Direct Plan - Growth | Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 13.2077 | 16.9744 |
| P/B Ratio | - | 1.22 |
| Dividend Yield | 1.2216% | 1.724% |
| Active Share | - | - |
| Portfolio Turnover | - | 6322% |
| YTM | - | 6.52% |
| Duration (Macaulay) | - | 2.83 yrs |
Punji Fund Health Score
Kotak Multi Asset Allocation Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Edelweiss Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Edelweiss Multi Asset Allocation Fund's 3-year rolling CAGR of 7.6% is higher than Kotak Multi Asset Allocation Fund's 16.9%. Edelweiss Multi Asset Allocation Fund sits in the 7th percentile of its category on this metric, versus the 53rd percentile for Kotak Multi Asset Allocation Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Edelweiss Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund's direct-plan expense ratio is 0.15 percentage points lower than Edelweiss Multi Asset Allocation Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Edelweiss Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Kotak Multi Asset Allocation Fund has been more volatile than Edelweiss Multi Asset Allocation Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.32 for Edelweiss Multi Asset Allocation Fund vs 0.73 for Kotak Multi Asset Allocation Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Edelweiss Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund has ₹15,058 Cr in assets under management, versus ₹2,968 Cr for Edelweiss Multi Asset Allocation Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Edelweiss Multi Asset Allocation Fund or Kotak Multi Asset Allocation Fund?
Edelweiss Multi Asset Allocation Fund launched on 2023-06-05, making it older than Kotak Multi Asset Allocation Fund (launched 2023-08-31). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.