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DebtShort Duration FundRegularGrowthLow to Moderate
Kotak Mahindra logo

Kotak Short Term Fund

Kotak Mahindra Mutual Fund · Best Short Duration Mutual Funds

NAV
₹55.28
+0.09% 1D
as of 05 Oct 2026
CompareSIP calculator

NAV history

+4.26%absolute
52-week rangePrev NAV ₹55.23
Latest ₹55.28
Low ₹53.0298th percentile of its 52-week rangeHigh ₹55.33

Scorecard

★★★☆☆3/5 vs 21 of 22 Short Duration Fund peers
  • Performance 60%
  • Risk 15%
  • Cost 10%
  • Downside 15%
How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Short Duration Fund (same plan and option). 21 of the 22 Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +6.57% · ranks 14 of 21 Short Duration Funds

RiskModerate

Volatility 1.0% vs 1.0% category avg

CostHigh

1.1% expense vs 1.0% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

  • Consistent — positive in 100% of rolling 3-year windows

Concerns

  • Ranks #17 of 21 on 1-year return in its Short Duration Fund cohort
  • Weaker risk-adjusted returns — Sharpe 0.07 below the Short Duration Fund average of 0.20
  • High expense ratio (1.12%) vs the Short Duration Fund average of 0.97%

Key Metrics

1.12%
Category 0.97%▲0.15%
—
Category —
0.07
Category 0.20▼0.13

Scheme Info

Definitions
Plan
Regular · Growth
None
Exit Load
None
0.005%
SIP Inv.
Allowed
₹100
₹100
Nifty Short Duration Debt Index A-II
03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions
0.00%
+0.44%
+2.87%
+3.22%

Annualized returns (≥1Y — CAGR)

Definitions
+4.35%
+6.57%
+5.62%
+6.34%
+7.48%
Advanced metrics — risk

Fund vs category average (Short Duration Fund)

PeriodFundCategory avg.Diff
1M abs0.00%-0.04%+0.04%
3M abs+0.44%+0.45%-0.01%
6M abs+2.87%+3.07%-0.20%
1Y CAGR+4.35%+4.51%-0.16%
3Y CAGR+6.57%+6.70%-0.13%
5Y CAGR+5.62%+6.01%-0.39%

Category average across peers in Short Duration Fund (up to 22 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 22 peers in Short Duration Fund

1Y return
+4.35%
Beats 20% · rank #17
3Y return
+6.57%
Beats 35% · rank #14
5Y return
+5.62%
Beats 44.4% · rank #11
Sharpe
0.07
Beats 35% · rank #14
Sortino
0.11
Beats 35% · rank #14

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Period
Invested
₹6.00L
Current value
₹6.97L
Absolute
+16.25%
XIRR
+6.15%
Value vs. invested
ValueInvested

60 monthly installments of ₹10,000 into Kotak Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

YearFund
2026part+3.22%
2025+7.29%
2024+7.74%
2023+6.45%
2022+3.00%
2021+3.28%
2020+10.00%
2019+9.57%
2018+6.32%
2017+5.41%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points
4,953
Expense ratio
1.12%
YTM
7.66%
Macaulay duration
2.18 years
Average maturity
3.67 years
Exit load
Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period
30%
Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Asset allocation

As on 31 Aug 2026 · AMC disclosure
  • Debt94.68%
  • Cash & Equivalents5.32%
Kotak Mahindra Mutual Fund logo

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched
04 Aug 1994
Total AUM
₹5,90,460Cr+1.6% QoQ
Avg AUM · April - June 2026
Website
kotakmf.com

Fund Managers

DADeepak AgrawalManaging since 11 Jul 2007
Role

CIO - Debt & Head Products

Education

Post Graduate in Commerce, Chartered Accountant, Company Secretary

Experience

Mr. Deepak Agrawal’s career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006

Funds managed (37)
All schemes Deepak Agrawal runs →
ABAbhishek BisenManaging since 01 Nov 2022
Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm

Funds managed (80)
All schemes Abhishek Bisen runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers
Deepak AgrawalAbhishek Bisen
Run SIP calculatorAdd to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Short Duration funds

Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.

Frequently asked questions

What is the NAV of Kotak Short Term Fund?

As of 05 Oct 2026, the NAV of Kotak Short Term Fund is ₹55.28 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Short Term Fund delivered?

Kotak Short Term Fund has returned +4.35% over 1 year, +6.57% per year over 3 years, +5.62% per year over 5 years and +7.48% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Short Term Fund?

Kotak Short Term Fund charges an expense ratio of 1.12% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Short Term Fund?

Kotak Short Term Fund's largest holdings are NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (4.2%), LIC HOUSING FINANCE LTD. (3.4%), Power Finance Corporation Ltd. (3.3%), MINDSPACE BUSINESS PARKS REIT(^) (2.8%) and SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) (2.8%). Holdings are disclosed monthly and change over time.

How risky is Kotak Short Term Fund?

Kotak Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -3.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.07 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Short Term Fund's 0.07 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Short Term Fund?

Kotak Short Term Fund is benchmarked against the Nifty Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages Kotak Short Term Fund?

Kotak Short Term Fund is managed by Deepak Agrawal and Abhishek Bisen at Kotak Mahindra.

How is Kotak Short Term Fund taxed?

Kotak Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.