HybridConservative Hybrid FundDirectIDCWModerately High

Kotak Debt Hybrid Fund

Q: What is the NAV of Kotak Debt Hybrid Fund?

As of 20 Aug 2026, the NAV of Kotak Debt Hybrid Fund is ₹13.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Debt Hybrid Fund delivered?

Kotak Debt Hybrid Fund has returned -3.51% over 1 year, +0.75% per year over 3 years, -0.22% per year over 5 years and +1.40% 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 Debt Hybrid Fund?

Kotak Debt Hybrid Fund charges an expense ratio of 0.61% 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 Debt Hybrid Fund?

Its largest holdings are GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100 (7.1%), GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 (6.6%), JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC (3.8%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26F 7.44 BD 17JL29 FVRS1LAC (3.5%) and LIC HOUSING FINANCE LTD.** (2.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Debt Hybrid Fund?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.1% and its worst peak-to-trough fall in our sample was -19.9%. 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 -1.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Debt Hybrid Fund's -1.14 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Kotak Debt Hybrid Fund?

Kotak Debt Hybrid Fund is benchmarked against the CRISIL Hybrid 85+15 - Conservative Index Benchmark Rationale – CRISIL Hybrid 85+15 - Conservative Index seeks to track. Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Debt Hybrid Fund?

Kotak Debt Hybrid Fund is managed by Abhishek Bisen, Devender Singhal, Deepak Agrawal and Shibani Sircar Kurian at Kotak Mahindra.

Q: How is Kotak Debt Hybrid Fund taxed?

Kotak Debt Hybrid 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 Conservative Hybrid Mutual Funds

NAV

₹13.46

-0.04% 1D

as of 20 Aug 2026

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NAV history

-3.27%CAGR

52-week rangePrev NAV ₹13.47

Latest ₹13.46

Low ₹13.1928th percentile of its 52-week rangeHigh ₹14.16

Scorecard

★★☆☆☆2/5 vs 33 of 32 Conservative Hybrid 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 Conservative Hybrid Fund (same plan and option). 33 of the 32 Conservative Hybrid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +0.75% · ranks 25 of 32 Conservative Hybrid Funds

RiskModerate

Volatility 5.1% vs 4.9% category avg

CostLow

0.6% expense vs 1.0% category avg

ConsistencyModerate

82% 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 (0.61%) vs the Conservative Hybrid Fund average of 1.03%

Concerns

1-year return (-3.51%) trails the Conservative Hybrid Fund average (-1.07%)
3-year return (+0.75%) trails the Conservative Hybrid Fund average (+2.55%)
5-year return (-0.22%) trails the Conservative Hybrid Fund average (+2.30%)
Ranks #29 of 32 on 1-year return in its Conservative Hybrid Fund cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.03%

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

Category —

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

-1.14

Category -0.76▼0.38

Scheme Info

Definitions

Plan

Direct · IDCW

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

Exit Load

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

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

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.

18 Mar 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.11%

Absolute return over the last 3 months (not annualized)

+1.43%

Absolute return over the last 6 months (not annualized)

-2.14%

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

-3.75%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.51%

3-year annualized return (CAGR)

+0.75%

5-year annualized return (CAGR)

-0.22%

10-year annualized return (CAGR)

+0.32%

Annualized return (CAGR) since the fund's inception

+1.40%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.05%

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

-1.14

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

-1.40

Largest peak-to-trough decline over full history

-19.89%

Benchmark ratios

Not shown for Conservative Hybrid 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 (Conservative Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.11%	+0.23%	-0.34%
3M abs	+1.43%	+1.83%	-0.40%
6M abs	-2.14%	-0.44%	-1.70%
1Y CAGR	-3.51%	-1.07%	-2.44%
3Y CAGR	+0.75%	+2.55%	-1.80%
5Y CAGR	-0.22%	+2.30%	-2.52%

Category average across peers in Conservative Hybrid Fund (up to 32 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 32 peers in Conservative Hybrid Fund

1Y return

-3.51%

Beats 12.5% · rank #29

3Y return

+0.75%

Beats 25% · rank #25

5Y return

-0.22%

Beats 10% · rank #28

Sharpe

-1.14

Beats 25% · rank #25

Sortino

-1.40

Beats 18.8% · rank #27

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+1.9%

Median

+1.7%

Best

+17.0%

Worst

-10.8%

Positive periods

58.7%

150 overlapping 1Y windows, sampled monthly across the fund’s history.

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.

-19.9%09 Jun 2017 → 23 Mar 2020
Fell over 2.8 years, back to the old high on 03 Jun 2021 — 14 months under water after the low.
-10.7%20 May 2013 → 28 Aug 2013
Fell over 3 months, back to the old high on 12 May 2014 — 8 months under water after the low.
-10.6%09 Nov 2021 → 17 Jun 2022
Fell over 7 months, back to the old high on 27 Jun 2024 — 2.0 years 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.

Calendar-year returns

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

Year	Fund
2026part	-3.70%
2025	-1.62%
2024	+3.79%
2023	+4.05%
2022	-4.80%
2021	+4.00%
2020	+7.14%
2019	+1.55%
2018	-8.89%
2017	+2.25%

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 · AMFI

₹2,829Cr

April - June 2026

-6%

since January - March 2026

Down +6% from its peak of ₹3,016Cr 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.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.93L

Absolute

-1.11%

XIRR

-0.45%

Value vs. invested

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

History points

3,239

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

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 · Conservative Hybrid Fund

Compare all


Kotak Debt Hybrid FundThis fund Kotak Mahindra	★★☆☆☆	-3.51%	+0.75%	-0.22%	—	0.61%	₹2,829Cr
SBI Conservative Hybrid Fund SBI	★★★★★	+5.79%	+9.04%	+9.22%	—	0.98%	₹9,722Cr
SBI Conservative Hybrid Fund SBI	★★★★★	+5.79%	+9.04%	+9.22%	—	0.98%	₹9,722Cr
UTI Conservative Hybrid Fund - Direct Plan - Monthly Payment UTI	★★★★★	+3.06%	+8.60%	+8.35%	—	1.29%	₹1.31Cr
LIC MF Conservative Hybrid Fund LIC	★★★★☆	+4.73%	+6.83%	+5.73%	—	1.69%	₹44.49Cr
SBI Conservative Hybrid Fund SBI	★★★★★	-2.40%	+5.70%	+7.19%	—	0.98%	₹9,722Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap73.3%
Mid cap21.3%
Small cap5.4%

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 Conservative Hybrid funds

Conservative hybrid funds keep most of the portfolio (75–90%) in debt with a small equity slice. They aim for steadier returns than equity with a little extra growth over pure debt.

Frequently asked questions

What is the NAV of Kotak Debt Hybrid Fund?

As of 20 Aug 2026, the NAV of Kotak Debt Hybrid Fund is ₹13.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Debt Hybrid Fund delivered?

Kotak Debt Hybrid Fund has returned -3.51% over 1 year, +0.75% per year over 3 years, -0.22% per year over 5 years and +1.40% 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 Debt Hybrid Fund?

Kotak Debt Hybrid Fund charges an expense ratio of 0.61% 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 Debt Hybrid Fund?

Its largest holdings are GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100 (7.1%), GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 (6.6%), JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC (3.8%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26F 7.44 BD 17JL29 FVRS1LAC (3.5%) and LIC HOUSING FINANCE LTD.** (2.6%). Holdings are disclosed monthly and change over time.

How risky is Kotak Debt Hybrid Fund?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.1% and its worst peak-to-trough fall in our sample was -19.9%. 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 -1.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Debt Hybrid Fund's -1.14 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Kotak Debt Hybrid Fund?

Kotak Debt Hybrid Fund is benchmarked against the CRISIL Hybrid 85+15 - Conservative Index Benchmark Rationale – CRISIL Hybrid 85+15 - Conservative Index seeks to track. Its alpha and beta on this page are measured against that index.

Who manages Kotak Debt Hybrid Fund?

Kotak Debt Hybrid Fund is managed by Abhishek Bisen, Devender Singhal, Deepak Agrawal and Shibani Sircar Kurian at Kotak Mahindra.

How is Kotak Debt Hybrid Fund taxed?

Kotak Debt Hybrid 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.