DebtDynamic BondRegularIDCWModerate

Kotak Dynamic Term Fund

Q: What is the NAV of Kotak Dynamic Term Fund?

As of 01 Oct 2026, the NAV of Kotak Dynamic Term Fund is ₹14.88 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Dynamic Term Fund delivered?

Kotak Dynamic Term Fund has returned +4.37% over 1 year, +6.92% per year over 3 years, +5.64% per year over 5 years and +2.90% 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.

Q: What is the expense ratio of Kotak Dynamic Term Fund?

Kotak Dynamic Term Fund charges an expense ratio of 1.35% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Kotak Dynamic Term Fund?

Kotak Dynamic Term Fund's largest holdings are Central Government - 2065(^) (24.4%), MUTHOOT FINANCE LTD. (6.5%), VEDANTA LTD. ( Axis Trustee Services Ltd.) (6.4%), Central Government - 2066(^) (5.4%) and Central Government - 2063 (4.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Dynamic Term Fund?

Kotak Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -11.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Dynamic Term Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Dynamic Term Fund?

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

Q: Who manages Kotak Dynamic Term Fund?

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

Q: How is Kotak Dynamic Term Fund taxed?

Kotak Dynamic 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.

Kotak Mahindra Mutual Fund · Best Dynamic Bond Mutual Funds

NAV

₹14.88

-0.16% 1D

as of 01 Oct 2026

This is the Regular plan of Kotak Dynamic Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+4.83%CAGR

52-week rangePrev NAV ₹14.91

Latest ₹14.88

Low ₹14.2281st percentile of its 52-week rangeHigh ₹15.04

Scorecard

Not rated

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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Dynamic Bond peers to rank yet

Risk—

Volatility 2.4% (no category average yet)

Cost—

1.4% expense (no category average yet)

ConsistencyModerate

83% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.35%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.17

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Nifty Composite Debt Index A-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Nov 2012

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.23%

Absolute return over the last 3 months (not annualized)

+0.32%

Absolute return over the last 6 months (not annualized)

+4.15%

Absolute return since 1 Jan of this year (not annualized)

+3.68%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+4.37%

3-year annualized return (CAGR)

+6.92%

5-year annualized return (CAGR)

+5.64%

10-year annualized return (CAGR)

+3.11%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+2.90%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.45%

Excess return per unit of total volatility (rf = 6.5%)

0.17

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.24

Largest peak-to-trough decline over full history

-11.83%

Benchmark ratios

Not shown for Dynamic Bond — 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 (Dynamic Bond)

Period	Fund	Category avg.	Diff
1M abs	-0.23%	—	—
3M abs	+0.32%	—	—
6M abs	+4.15%	—	—
1Y CAGR	+4.37%	—	—
3Y CAGR	+6.92%	—	—
5Y CAGR	+5.64%	—	—

Category average across peers in Dynamic Bond, 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.

Backtest this fund

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

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.99L

Absolute

+16.49%

XIRR

+6.24%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Dynamic 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.

Year	Fund
2026part	+3.68%
2025	+5.93%
2024	+9.27%
2023	+6.51%
2022	+2.50%
2021	+1.94%
2020	-0.46%
2019	+1.89%
2018	+1.88%
2017	-0.13%

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

3,359

Expense ratio

1.35%

YTM

7.51%

Macaulay duration

5.22 years

Average maturity

15.85 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.

Peer comparison · Dynamic Bond

Compare all


Kotak Dynamic Term FundThis fund Kotak Mahindra · Regular · Standard · IDCW	—	+4.37%	+6.92%	+5.64%	—	—	—
360 ONE Dynamic Term Fund 360 One · Regular · IDCW	—	+4.47%	+7.62%	+6.47%	—	0.59%	—
360 ONE Dynamic Term Fund 360 One · Regular · IDCW	—	+4.47%	+7.62%	+6.47%	—	0.59%	—
Bandhan Dynamic Term Fund Bandhan · Regular · Periodic IDCW	—	+5.97%	+6.78%	+5.28%	—	—	—
Bandhan Dynamic Term Fund Bandhan · Regular · IDCW	—	+5.97%	+6.78%	+5.27%	—	1.65%	—
ICICI Prudential Dynamic Term Fund ICICI Prudential · Regular · IDCW	—	+4.14%	+6.74%	+4.50%	—	1.32%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt75.60%
Cash & Equivalents14.18%
Real Estate / REITs6.12%
Equity4.10%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Central Government - 2065(^)

24.42%

MUTHOOT FINANCE LTD.

6.46%

VEDANTA LTD. ( Axis Trustee Services Ltd.)

6.44%

Central Government - 2066(^)

5.39%

Central Government - 2063

4.68%

ADANI POWER LTD

4.03%

INDUS INFRA TRUST

3.91%

Tata Steel Ltd.(^)

3.18%

EMBASSY OFFICE PARKS REIT

2.34%

INDIGRID INFRASTRUCTURE TRUST

2.09%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-11.8%19 Sep 2016 → 28 Dec 2016
Fell over 3 months, back to the old high on 31 Aug 2023 — 6.7 years under water after the low.
-7.2%20 Mar 2014 → 21 Mar 2014
Fell over 1 day, back to the old high on 15 Jan 2015 — 10 months under water after the low.
-6.0%19 Jun 2015 → 29 Jun 2015
Fell over 10 days, back to the old high on 07 Apr 2016 — 9 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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

ABAbhishek BisenStart date not disclosed

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 →

DADeepak AgrawalStart date not disclosed

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 (36)

All schemes Deepak Agrawal runs →

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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Fund managers

Abhishek Bisen Deepak Agrawal

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.

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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 Dynamic Bond funds

Dynamic bond funds have no duration mandate at all: the manager moves between short and long bonds as their rate view changes. That hands one call — where rates go next — to the manager, so the outcome depends heavily on getting it right.

Frequently asked questions

What is the NAV of Kotak Dynamic Term Fund?

As of 01 Oct 2026, the NAV of Kotak Dynamic Term Fund is ₹14.88 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Dynamic Term Fund delivered?

Kotak Dynamic Term Fund has returned +4.37% over 1 year, +6.92% per year over 3 years, +5.64% per year over 5 years and +2.90% 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 Dynamic Term Fund?

Kotak Dynamic Term Fund charges an expense ratio of 1.35% 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 Dynamic Term Fund?

Kotak Dynamic Term Fund's largest holdings are Central Government - 2065(^) (24.4%), MUTHOOT FINANCE LTD. (6.5%), VEDANTA LTD. ( Axis Trustee Services Ltd.) (6.4%), Central Government - 2066(^) (5.4%) and Central Government - 2063 (4.7%). Holdings are disclosed monthly and change over time.

How risky is Kotak Dynamic Term Fund?

Kotak Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -11.8%. 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 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Dynamic Term Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Dynamic Term Fund?

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

Who manages Kotak Dynamic Term Fund?

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

How is Kotak Dynamic Term Fund taxed?

Kotak Dynamic 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.