COMPARE
ITI Multi Cap Fund - Direct Plan - Growth Option vs Kotak Multi Cap Fund-Direct Plan-Growth
ITI Multi Cap Fund and Kotak Multi Cap Fund- are both in the Multi Cap Fund category, from ITI Asset Management Limited and Kotak Mahindra Asset Management Company Limited. respectively. Kotak Multi Cap Fund- has posted a higher 3-year rolling CAGR. Kotak Multi Cap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Multi Cap Fund- has the lower direct-plan expense ratio, by 0.15 percentage points.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | ITI Asset Management Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹28.6776 (2026-10-28) | ₹20.265 (2026-10-28) |
| AUM | ₹1,457.53 Cr | ₹30,187.553 Cr |
| Expense Ratio (Direct) | 0.87% | 0.72% |
| Inception | 2019-04-25 | 2021-09-08 |
Returns
Kotak Multi Cap Fund- leads on 3-year rolling CAGR (24.5% vs ITI Multi Cap Fund's 20.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ITI Multi Cap Fund has been the more volatile of the two by standard deviation.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.41 | 0.40 |
| 3Y Alpha | 4.1604% | 3.9182% |
| 3Y Std Deviation | 16.0937% | 15.6169% |
| 3Y Calmar Ratio | 0.59 | 0.64 |
Portfolio Analytics
ITI Multi Cap 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.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 32.743 | 17.5702 |
| P/B Ratio | 5.13 | - |
| Dividend Yield | 0.5958% | 1.5383% |
| Active Share | 66.88% | 78.52% |
| Portfolio Turnover | 73% | 50.13999999999999% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Kotak Multi Cap Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ITI Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund-'s 3-year rolling CAGR of 24.5% is higher than ITI Multi Cap Fund's 20.7%. Kotak Multi Cap Fund- sits in the 100th percentile of its category on this metric, versus the 68th percentile for ITI Multi Cap 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, ITI Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund-'s direct-plan expense ratio is 0.15 percentage points lower than ITI Multi Cap 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, ITI Multi Cap Fund or Kotak Multi Cap Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Multi Cap Fund has been more volatile than Kotak Multi Cap 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 (0.41 for ITI Multi Cap Fund vs 0.40 for Kotak Multi Cap 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, ITI Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund- has ₹30,188 Cr in assets under management, versus ₹1,458 Cr for ITI Multi Cap 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, ITI Multi Cap Fund or Kotak Multi Cap Fund-?
ITI Multi Cap Fund launched on 2019-04-25, making it older than Kotak Multi Cap Fund- (launched 2021-09-08). 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.