This is the Direct plan of Kotak Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed weekly and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.
NAV history
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.19% | — | — |
| 3M abs | +0.67% | — | — |
| 6M abs | — | — | — |
| 1Y CAGR | — | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Liquid 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.
12 monthly installments of ₹10,000 into Kotak Liquid 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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt98.23%
- Cash & Equivalents1.77%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹49,988Cr in July - September 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
- Kotak Banking and PSU Debt Fund
- Kotak Corporate Bond Fund
- Kotak Credit Risk Fund
- Kotak Credit Risk Fund
- Kotak Dynamic Bond Fund
- Kotak Dynamic Bond Fund
- Kotak Floating Interest Rates Fund
- Kotak Floating Interest Rates Fund
- Kotak FMP Series 304
- Kotak Medium Term Fund
- Kotak Medium Term Fund
- Kotak Money Market Fund
- Kotak Overnight Fund
- Kotak Ultra Short to Short Term Fund
- Kotak Ultra Short to Short Term Fund
- Kotak Balanced Advantage Fund - Direct Plan - Growth Option
- Kotak Banking and Financial Services Fund - Direct Plan - Growth
- Kotak Business Cycle Fund - Direct Plan - Growth
- Kotak Equity Savings Fund - Direct Plan - Growth
- Kotak Gilt Fund - Direct Plan - Growth
- KOTAK GOLD ETF
- Kotak Gold Fund - Direct Plan - Growth
- Kotak Manufacture in India Fund - Direct Plan - Growth
- Kotak Nifty 100 Low Volatility 30 ETF
- Kotak Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
- Kotak Nifty 50 Index Fund - Direct Plan - Growth
- Kotak Nifty Alpha 50 ETF
- Kotak Nifty India Consumption ETF
- Kotak Nifty Midcap 50 ETF
- Kotak Nifty MNC ETF
- Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Jul 2026 Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Jul 2033 Index Fund - Direct Plan - Growth
- Kotak Silver ETF
- Kotak Silver ETF Fund of Fund - Direct Plan - Growth
SPSunil PandeyStart date not disclosed
Debt – Fund Manager Dealer
Masters in Financial Management
Mr. Sunil Pandey has been associated with Kotak AMC since July 2006. Prior to joining the debt dealership segment, Mr. Pandey was part of the Investor Relations Team of Kotak AMC till 2010 & post that he was part of the Investment Operations Team of the AMC, in which he handled valuation of securities and settlement of deals with the custodian and counter parties. With effect from May 1, 2015, Mr. Pandey has been appointed as Debt Dealer.
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.
Explore from here
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.
Quarterly AUM ranking: SBI, ICICI Pru, HDFC continue to dominate the MF industry
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Kotak Multi Sector Omni FOF - Direct (G)
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Kotak Flexi Cap Fund Direct Growth - Regular - Latest NAV [ ₹91.6 ], Returns, Performance, Portfolio & Returns 2026
ClearTax · 4d 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 Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Kotak Liquid Fund?
As of 05 Oct 2026, the NAV of Kotak Liquid Fund is ₹1,013.16 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Liquid Fund delivered?
Kotak Liquid Fund has returned +1.03% 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 Liquid Fund?
Kotak Liquid Fund charges an expense ratio of 0.15% 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 Liquid Fund?
Kotak Liquid Fund's largest holdings are SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (4.1%), HDFC BANK LTD. (3.9%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (3.5%), 91 DAYS TREASURY BILL 12/11/2026 (3.0%) and 91 DAYS TREASURY BILL 27/11/2026 (2.9%). Holdings are disclosed monthly and change over time.
How risky is Kotak Liquid Fund?
Kotak Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Kotak Liquid Fund?
Kotak Liquid Fund is benchmarked against the Nifty Liquid Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Kotak Liquid Fund?
Kotak Liquid Fund is managed by Deepak Agrawal and Sunil Pandey at Kotak Mahindra.
How is Kotak Liquid Fund taxed?
Kotak Liquid 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.