Kotak Credit Risk Fund
This is the Regular plan of Kotak Credit Risk Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★☆☆☆☆1/5 vs 12 Credit Risk 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 Credit Risk Fund (same plan and option).
3Y CAGR +7.49% · ranks 10 of 12 Credit Risk Funds
Volatility 1.6% vs 2.7% category avg
1.7% expense vs 1.5% category avg
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
- Less volatile than its Credit Risk Fund peers (1.6% vs 2.7%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+5.50%) trails the Credit Risk Fund average (+7.86%)
- 3-year return (+7.49%) trails the Credit Risk Fund average (+9.20%)
- 5-year return (+5.68%) trails the Credit Risk Fund average (+9.60%)
- Ranks #11 of 12 on 1-year return in its Credit Risk Fund cohort
- Weaker risk-adjusted returns — Sharpe 0.63 below the Credit Risk Fund average of 0.97
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Credit Risk Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.16% | +0.02% | -0.18% |
| 3M abs | +0.83% | +0.92% | -0.09% |
| 6M abs | +3.63% | +4.89% | -1.26% |
| 1Y CAGR | +5.50% | +7.86% | -2.36% |
| 3Y CAGR | +7.49% | +9.20% | -1.71% |
| 5Y CAGR | +5.68% | +9.60% | -3.92% |
Category average across peers in Credit Risk Fund (up to 11 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 11 peers in Credit Risk Fund
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 Credit Risk 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.
| Year | Fund | |
|---|---|---|
| 2026part | +4.28% | |
| 2025 | +9.11% | |
| 2024 | +7.12% | |
| 2023 | +6.43% | |
| 2022 | +0.90% | |
| 2021 | +5.30% | |
| 2020 | +6.61% | |
| 2019 | +8.97% | |
| 2018 | +6.21% | |
| 2017 | +6.56% |
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.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt79.98%
- Cash & Equivalents10.05%
- Real Estate / REITs5.13%
- Equity4.84%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹739.85Cr in April - June 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.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
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.
Fund Managers
DADeepak AgrawalStart date not disclosed
CIO - Debt & Head Products
Post Graduate in Commerce, Chartered Accountant, Company Secretary
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
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VMVihag MishraStart date not disclosed
Debt - Fund Manager
Rank Holder MBA in Finance from XLRI
Mr. Vihag Mishra has total work experience of 14 years in credit research and data analytics. He has been associated with Kotak Mahindra Asset Management Company Limited for the last 8 years where he is responsible for managing credit investment portfolio across funds. Prior to joining Kotak AMC, he was working as a senior credit analyst at French Bank, BNP Paribas where he structured credit deals for key clients of the bank.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. 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.
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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 Credit Risk funds
Credit risk funds must keep at least 65% in corporate bonds rated AA and below. The lower rating is what pays the extra yield, and it is also the risk — a downgrade or default hits the NAV directly, which is not a thing that happens in a gilt fund.
Frequently asked questions
What is the NAV of Kotak Credit Risk Fund?
As of 05 Oct 2026, the NAV of Kotak Credit Risk Fund is ₹31.91 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Credit Risk Fund delivered?
Kotak Credit Risk Fund has returned +5.50% over 1 year, +7.49% per year over 3 years, +5.68% per year over 5 years and +7.30% 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 Credit Risk Fund?
Kotak Credit Risk Fund charges an expense ratio of 1.73% 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 Credit Risk Fund?
Kotak Credit Risk Fund's largest holdings are JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) (7.2%), VEDANTA LTD. (6.5%), BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD (6.5%), TATA PROJECTS LTD. (6.5%) and MUTHOOT FINANCE LTD.(^) (6.4%). Holdings are disclosed monthly and change over time.
How risky is Kotak Credit Risk Fund?
Kotak Credit Risk Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -4.0%. 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 0.63 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Credit Risk Fund's 0.63 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Kotak Credit Risk Fund?
Kotak Credit Risk Fund is benchmarked against the CRISIL Credit Risk Debt B-II Index. Its alpha and beta on this page are measured against that index.
Who manages Kotak Credit Risk Fund?
Kotak Credit Risk Fund is managed by Deepak Agrawal and Vihag Mishra at Kotak Mahindra.
How is Kotak Credit Risk Fund taxed?
Kotak Credit Risk 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.