DebtMedium Duration FundDirectIDCWModerate

Kotak Medium Term Fund

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

As of 01 Oct 2026, the NAV of Kotak Medium Term Fund is ₹27.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Medium Term Fund delivered?

Kotak Medium Term Fund has returned +4.55% over 1 year, +8.27% per year over 3 years, +6.98% per year over 5 years and +8.25% 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 Medium Term Fund?

Kotak Medium Term Fund charges an expense ratio of 0.67% 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 Medium Term Fund?

Kotak Medium Term Fund's largest holdings are JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (5.6%), L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (5.1%), BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD (4.7%), ADANI POWER LTD(^) (4.6%) and EMBASSY OFFICE PARKS REIT (4.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Medium Term Fund?

Kotak Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.7% and its worst peak-to-trough fall in our sample was -5.2%. 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 1.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Medium Term Fund's 1.02 means it has rewarded its volatility with excess return. Higher is better.

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

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

Q: Who manages Kotak Medium Term Fund?

Kotak Medium Term Fund is managed by Deepak Agrawal and Vihag Mishra at Kotak Mahindra.

Q: How is Kotak Medium Term Fund taxed?

Kotak Medium 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 Medium Duration Mutual Funds

NAV

₹27.08

-0.11% 1D

as of 01 Oct 2026

This is the Direct plan of Kotak Medium Term Fund — bought from the fund house, with no distributor commission in 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

+4.74%CAGR

52-week rangePrev NAV ₹27.11

Latest ₹27.08

Low ₹25.9067th percentile of its 52-week rangeHigh ₹27.67

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 Medium Duration Fund peers to rank yet

Risk—

Volatility 1.7% (no category average yet)

Cost—

0.7% expense (no category average yet)

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

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.67%

Category —

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

—

Category —

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

1.02

Category —

Scheme Info

Definitions

Plan

Direct · 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

CRISIL Medium Duration Debt A-III Index

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.

25 Mar 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.64%

Absolute return over the last 3 months (not annualized)

-0.90%

Absolute return over the last 6 months (not annualized)

+2.28%

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

+2.67%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.55%

3-year annualized return (CAGR)

+8.27%

5-year annualized return (CAGR)

+6.98%

10-year annualized return (CAGR)

+7.28%

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.

+8.25%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.73%

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

1.02

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

1.30

Largest peak-to-trough decline over full history

-5.17%

Benchmark ratios

Not shown for Medium 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 (Medium Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.64%	—	—
3M abs	-0.90%	—	—
6M abs	+2.28%	—	—
1Y CAGR	+4.55%	—	—
3Y CAGR	+8.27%	—	—
5Y CAGR	+6.98%	—	—

Category average across peers in Medium Duration Fund, 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

₹7.19L

Absolute

+19.83%

XIRR

+7.40%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Kotak Medium 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	+2.67%
2025	+9.94%
2024	+10.07%
2023	+7.16%
2022	+4.28%
2021	+5.71%
2020	+9.29%
2019	+7.89%
2018	+6.22%
2017	+7.48%

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

3,022

Expense ratio

0.67%

YTM

8.46%

Macaulay duration

2.91 years

Average maturity

5.23 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 · Medium Duration Fund

Compare all


Kotak Medium Term FundThis fund Kotak Mahindra · Direct · Standard · IDCW	—	+4.55%	+8.27%	+6.98%	—	—	—
HDFC Medium Term Fund HDFC · Direct · IDCW	—	+6.17%	+7.78%	+4.31%	—	0.70%	—
SBI Medium Term Fund SBI · Direct · IDCW	—	+5.81%	+7.52%	+6.67%	—	0.72%	—
Bandhan Medium Term Fund Bandhan · Direct · Periodic IDCW	—	+5.79%	+7.49%	+6.03%	—	—	—
Invesco India Medium Term Fund Invesco · Direct · Discretionary IDCW	—	+4.39%	+7.02%	+5.92%	—	—	—
UTI Medium Term Fund UTI · Direct · Half-Yearly IDCW	—	+4.28%	+6.72%	+5.17%	—	0.94%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt85.62%
Equity6.91%
Cash & Equivalents4.58%
Real Estate / REITs2.89%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE)

5.60%

L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.)

5.08%

BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD

4.69%

ADANI POWER LTD(^)

4.64%

EMBASSY OFFICE PARKS REIT

4.07%

360 ONE PRIME LTD.(^)

3.89%

Tata Steel Ltd.

3.86%

MAS FINANCIAL SERVICES LTD.(^)

3.85%

ADITYA BIRLA RENEWABLES LIMITED

3.12%

Central Government - 2066

2.88%

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.

-5.2%04 Mar 2020 → 29 Apr 2020
Fell over 2 months, back to the old high on 30 Jun 2020 — 2 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

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 →

VMVihag MishraStart date not disclosed

Role

Debt - Fund Manager

Education

Rank Holder MBA in Finance from XLRI

Experience

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.

Funds managed (3)

All schemes Vihag Mishra 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

Deepak Agrawal Vihag Mishra

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 Medium Duration funds

Medium duration funds run a Macaulay duration of 3 to 4 years. They carry real interest-rate sensitivity, so they suit a horizon of at least three years rather than a place to park cash.

Frequently asked questions

What is the NAV of Kotak Medium Term Fund?

As of 01 Oct 2026, the NAV of Kotak Medium Term Fund is ₹27.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Medium Term Fund delivered?

Kotak Medium Term Fund has returned +4.55% over 1 year, +8.27% per year over 3 years, +6.98% per year over 5 years and +8.25% 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 Medium Term Fund?

Kotak Medium Term Fund charges an expense ratio of 0.67% 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 Medium Term Fund?

Kotak Medium Term Fund's largest holdings are JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (5.6%), L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (5.1%), BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD (4.7%), ADANI POWER LTD(^) (4.6%) and EMBASSY OFFICE PARKS REIT (4.1%). Holdings are disclosed monthly and change over time.

How risky is Kotak Medium Term Fund?

Kotak Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.7% and its worst peak-to-trough fall in our sample was -5.2%. 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 1.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Medium Term Fund's 1.02 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Medium Term Fund?

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

Who manages Kotak Medium Term Fund?

Kotak Medium Term Fund is managed by Deepak Agrawal and Vihag Mishra at Kotak Mahindra.

How is Kotak Medium Term Fund taxed?

Kotak Medium 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.