Kotak Multi Asset Allocation Fund - Direct Plan - IDCW Option

Kotak Multi Asset Allocation Fund - Direct Plan - IDCW Option ranks among the stronger performers in the Multi Asset Allocation category, backed by a 4-star rating. Recent 1-year performance has been notably strong, though momentum like this doesn't always hold over longer periods. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 86/100.

Cost: At 0.5975%, the expense ratio is roughly in line with the Multi Asset Allocation category average of 0.65% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.73 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 15.5% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.