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Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option vs PGIM India Multi Asset Allocation Fund - Direct Plan - Growth Option
Kotak Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund are both in the Multi Asset Allocation category, from Kotak Mahindra Asset Management Company Limited. and PGIM India Asset Management Private Limite respectively. 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 0.17 percentage points.
| Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | PGIM India Multi Asset Allocation Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | Kotak Mahindra Asset Management Company Limited. | PGIM India Asset Management Private Limite |
| Benchmark | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| NAV | ₹15.508 (2026-10-28) | ₹10.13 (2026-10-28) |
| AUM | ₹15,057.504 Cr | ₹318.109 Cr |
| Expense Ratio (Direct) | 0.6417% | 0.81% |
| Inception | 2023-08-31 | 2025-11-11 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Kotak Multi Asset Allocation Fund carries the higher portfolio YTM.
| Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | PGIM India Multi Asset Allocation Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 16.9744 | 29.979 |
| P/B Ratio | 1.22 | 7.9944 |
| Dividend Yield | 1.724% | 0.847% |
| Active Share | - | - |
| Portfolio Turnover | 6322% | 11% |
| YTM | 6.52% | 6.13% |
| Duration (Macaulay) | 2.83 yrs | 2.17 yrs |
Punji Fund Health Score
PGIM India Multi Asset Allocation Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Kotak Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund's direct-plan expense ratio is 0.17 percentage points lower than PGIM India 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.
Why don't Kotak Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Kotak Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund has ₹15,058 Cr in assets under management, versus ₹318 Cr for PGIM India 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 has a higher yield to maturity (YTM), Kotak Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund's portfolio YTM (6.52%) is higher than PGIM India Multi Asset Allocation Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), Kotak Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, Kotak Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund launched on 2023-08-31, making it older than PGIM India Multi Asset Allocation Fund (launched 2025-11-11). 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.