ICICI Prudential Multi - Asset Fund vs Kotak Multi Asset Allocation Fund
Updated June 2026 · both Multi Asset Allocation funds · metrics from AMFI NAVs
In short: Kotak Multi Asset Allocation Fund has the lower expense ratio (0.50%); ICICI Prudential Multi - Asset Fund has the better risk-adjusted return (Sharpe 1.28). This is analysis from past data, not a recommendation.
| Metric | ICICI Prudential Multi - Asset Fund | Kotak Multi Asset Allocation Fund |
|---|---|---|
| 1Y return | +3.83% | +18.07% |
| 3Y CAGR | +16.56% | - |
| 5Y CAGR | +17.15% | - |
| Sharpe ratio | 1.28 | 1.11 |
| Max drawdown | -9.5% | -13.8% |
| Volatility | 8.7% | 11.9% |
| Alpha | +8.53% | +11.46% |
| Expense ratio (Direct) | 0.80% | 0.50% |
| AUM | ₹80.6K Cr | ₹12.1K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Kotak Multi Asset Allocation Fund has the lower Direct-plan expense ratio (0.50%), versus 0.80% for the other. Over long horizons a lower TER compounds into a meaningful difference.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.