Kotak Savings Fund
Kotak Mahindra Mutual Fund · Best Ultra Short Duration Mutual Funds
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
NAV history
Scorecard
★★★☆☆3/5 vs 80 of 82 Ultra 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 Ultra Short Duration Fund (same plan and option). 80 of the 82 Ultra Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +0.00% · ranks 46 of 82 Ultra Short Duration Funds
Volatility 2.0% vs 1.3% category avg
0.8% expense vs 0.9% category avg
93% 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
- Low expense ratio (0.82%) vs the Ultra Short Duration Fund average of 0.92%
- Consistent — positive in 93% of rolling 3-year windows
Concerns
- 1-year return (-0.06%) trails the Ultra Short Duration Fund average (+1.10%)
- 3-year return (+0.00%) trails the Ultra Short Duration Fund average (+1.40%)
- 5-year return (-0.01%) trails the Ultra Short Duration Fund average (+1.42%)
- More volatile than its Ultra Short Duration Fund peers (2.0% vs 1.3%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Ultra Short Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Ultra Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.06% | +0.14% | -0.20% |
| 3M abs | +0.08% | +0.43% | -0.35% |
| 6M abs | -0.07% | +0.61% | -0.68% |
| 1Y CAGR | -0.06% | +1.10% | -1.16% |
| 3Y CAGR | +0.00% | +1.40% | -1.40% |
| 5Y CAGR | -0.01% | +1.42% | -1.43% |
Category average across peers in Ultra Short Duration Fund (up to 82 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 82 peers in Ultra Short Duration Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
233 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -0.25% | |
| 2025 | -0.02% | |
| 2024 | 0.00% | |
| 2023 | -0.02% | |
| 2022 | +0.21% | |
| 2021 | +0.42% | |
| 2020 | +2.50% | |
| 2019 | +0.23% | |
| 2018 | +1.68% | |
| 2017 | +0.42% |
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.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹15,972Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Kotak Savings Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Kotak Mahindra in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Kotak Mahindra Mutual Fund files offer document for Fixed Maturity Plan Series 336-338
Investment Guru · 21h ago
TPG pares 6.66% stake in Aster DM Quality Care; HDFC MF, Citigroup, Kotak Mahindra AMC among buyers
Moneycontrol.com · 1d ago
TPG pares 6.66% stake in Aster DM Quality Care; HDFC MF, Citigroup, Kotak Mahindra AMC among buyers
Moneycontrol.com · 1d ago
Kotak Mahindra Mutual Fund files offer document for Nifty Realty Index Fund
Investment Guru · 2d ago
Who leads the hybrid fund race?
Cafemutual · 2d ago
Top three unchanged: SBI, ICICI Pru and HDFC MF dominate equity AAUM rankings
Cafemutual · 3d ago
Kotak Multi Asset Omni FoF - Regular Plan
CNBC TV18 · 10d ago
Kotak Multi Asset Omni FoF - Direct Plan
CNBC TV18 · 10d ago
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 Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of Kotak Savings Fund?
As of 20 Aug 2026, the NAV of Kotak Savings Fund is ₹10.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Savings Fund delivered?
Kotak Savings Fund has returned -0.06% over 1 year, +0.00% per year over 3 years, -0.01% per year over 5 years and +0.32% 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 Savings Fund?
Kotak Savings Fund charges an expense ratio of 0.82% 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 Savings Fund?
Its largest holdings are AXIS BANK LIMITED CD 14JAN27 (4.3%), BANK OF BARODA CD 05FEB27 (3.7%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC (3.7%), STATE DEVELOPMENT LOAN 37139 TN 25FB29 6.54 FV RS 100 (2.9%) and HDFC BANK LIMITED CD 22JAN27 (2.2%). Holdings are disclosed monthly and change over time.
How risky is Kotak Savings Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.0% and its worst peak-to-trough fall in our sample was -1.8%. 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 -3.28 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Savings Fund's -3.28 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Kotak Savings Fund?
Kotak Savings Fund is benchmarked against the Benchmark - Nifty Ultra Short Duration Debt Index A-I Benchmark rationale:. Its alpha and beta on this page are measured against that index.
Who manages Kotak Savings Fund?
Kotak Savings Fund is managed by Deepak Agrawal and Manu Sharma at Kotak Mahindra.
How is Kotak Savings Fund taxed?
Kotak Savings 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.