COMPARE
Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option vs Shriram Multi Asset Allocation Fund - Direct Growth
Kotak Multi Asset Allocation Fund and Shriram Multi Asset Allocation Fund are both in the Multi Asset Allocation category, from Kotak Mahindra Asset Management Company Limited. and Shriram Asset Management Co. Ltd. respectively. Kotak Multi Asset Allocation Fund has posted a higher 3-year rolling CAGR. Shriram Multi Asset Allocation Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Shriram Multi Asset Allocation Fund has the lower direct-plan expense ratio, by 0.03 percentage points.
| Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | Shriram Multi Asset Allocation Fund - Direct Growth | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | Kotak Mahindra Asset Management Company Limited. | Shriram Asset Management Co. Ltd. |
| Benchmark | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver | Nifty 50 TRI 70% + NIFTY Short Duration Debt Index 20% + Domestic prices of Gold 8% + Domestic prices of Silver 2% |
| NAV | ₹15.508 (2026-10-28) | ₹13.2579 (2026-10-28) |
| AUM | ₹15,057.504 Cr | ₹138.954 Cr |
| Expense Ratio (Direct) | 0.6417% | 0.61% |
| Inception | 2023-08-31 | 2023-08-18 |
Returns
Kotak Multi Asset Allocation Fund leads on 3-year rolling CAGR (16.9% vs Shriram Multi Asset Allocation Fund's 10.6%) - 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.
| Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | Shriram Multi Asset Allocation Fund - Direct Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.73 | 0.23 |
| 3Y Alpha | 2.9589% | -0.5231% |
| 3Y Std Deviation | 10.6722% | 10.3767% |
| 3Y Calmar Ratio | 1.07 | 0.62 |
Portfolio Analytics
Shriram 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.
| Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option | Shriram Multi Asset Allocation Fund - Direct Growth | |
|---|---|---|
| P/E Ratio | 16.9744 | 20.8327 |
| P/B Ratio | 1.22 | 6.656 |
| Dividend Yield | 1.724% | 1.311% |
| 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, Kotak Multi Asset Allocation Fund or Shriram Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund's 3-year rolling CAGR of 16.9% is higher than Shriram Multi Asset Allocation Fund's 10.6%. Kotak Multi Asset Allocation Fund sits in the 53rd percentile of its category on this metric, versus the 20th percentile for Shriram 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, Kotak Multi Asset Allocation Fund or Shriram Multi Asset Allocation Fund?
Shriram Multi Asset Allocation Fund's direct-plan expense ratio is 0.03 percentage points lower than Kotak 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, Kotak Multi Asset Allocation Fund or Shriram 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 Shriram 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 (0.73 for Kotak Multi Asset Allocation Fund vs 0.23 for Shriram 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, Kotak Multi Asset Allocation Fund or Shriram Multi Asset Allocation Fund?
Kotak Multi Asset Allocation Fund has ₹15,058 Cr in assets under management, versus ₹139 Cr for Shriram 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, Kotak Multi Asset Allocation Fund or Shriram Multi Asset Allocation Fund?
Shriram Multi Asset Allocation Fund launched on 2023-08-18, 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.