DebtLow Duration FundRegularIDCWLow to Moderate

Kotak Ultra Short to Short Term Fund

Q: What is the NAV of Kotak Ultra Short to Short Term Fund?

As of 05 Oct 2026, the NAV of Kotak Ultra Short to Short Term Fund is ₹1,008.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Ultra Short to Short Term Fund delivered?

Kotak Ultra Short to Short Term Fund has returned +0.82% 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 Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund charges an expense ratio of 1.18% 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 Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund's largest holdings are Karnataka State Govt - 2031 - Karnataka(^) (4.1%), PUNJAB NATIONAL BANK (4.0%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (3.9%), JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (3.6%) and BAJAJ HOUSING FINANCE LTD.(^) (3.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Kotak Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is benchmarked against the Nifty Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is managed by Deepak Agrawal and Dharmesh Thakar at Kotak Mahindra.

Q: How is Kotak Ultra Short to Short Term Fund taxed?

Kotak Ultra Short to Short 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 Low Duration Mutual Funds

NAV

₹1,008.54

+0.06% 1D

as of 05 Oct 2026

This is the Regular plan of Kotak Ultra Short to Short Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed monthly and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

NAV history

+0.82%absolute

52-week rangePrev NAV ₹1,007.90

Latest ₹1,008.54

Low ₹1,000.1675th percentile of its 52-week rangeHigh ₹1,011.33

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.18%

Category —

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

—

Category —

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

—

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 Low Duration Debt Index A-I

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.

16 Jun 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.12%

Absolute return over the last 3 months (not annualized)

+0.27%

Absolute return over the last 6 months (not annualized)

—

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

+0.82%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+0.82%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.22%

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

—

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

—

Largest peak-to-trough decline over full history

-0.51%

Benchmark ratios

Not shown for Low 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 (Low Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.12%	—	—
3M abs	+0.27%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Low 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.

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

Monthly investment (₹)

Period

Invested

₹30.00K

Current value

₹29.98K

Absolute

-0.08%

XIRR

-0.90%

Value vs. invested

ValueInvested

3 monthly installments of ₹10,000 into Kotak Ultra Short to Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

1.18%

AUM

₹12,021Cr

YTM

7.55%

Macaulay duration

0.93 years

Average maturity

1.04 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 · Low Duration Fund

Compare all


Kotak Ultra Short to Short Term FundThis fund Kotak Mahindra · Regular · Monthly IDCW	—	—	—	—	—	1.18%	₹12,021Cr
UTI Ultra Short to Short Term Fund - Regular Plan - Half UTI · Regular · Yearly IDCW	—	+6.01%	+7.13%	+6.49%	—	0.65%	₹2,474Cr
UTI Ultra Short to Short Term Fund UTI · Regular · Weekly IDCW	—	+6.01%	+7.13%	+6.48%	—	0.65%	₹2,474Cr
UTI Ultra Short to Short Term Fund UTI · Regular · Flexi IDCW	—	+6.01%	+7.13%	+5.90%	—	—	₹65.58L
UTI Ultra Short to Short Term Fund UTI · Regular · Daily IDCW	—	+6.01%	+7.13%	+6.48%	—	0.65%	₹2,474Cr
UTI Ultra Short to Short Term Fund UTI · Regular · Monthly IDCW	—	+6.01%	+7.13%	+6.48%	—	0.65%	₹2,474Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt97.86%
Cash & Equivalents2.14%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

PUNJAB NATIONAL BANK

4.00%

NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT

3.94%

JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE)

3.57%

BAJAJ HOUSING FINANCE LTD.(^)

3.30%

CANARA BANK

2.81%

BANK OF BARODA

2.41%

BAJAJ HOUSING FINANCE LTD.(^)

2.12%

REC LTD(^)

2.05%

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

2.01%

UNION BANK OF INDIA

2.00%

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

₹6,14,116Cr+4.0% QoQ

Avg AUM · July - September 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 →

DTDharmesh ThakarStart date not disclosed

Role

Debt – Fund Manager Dealer

Experience

Mr. Dharmesh Thakar has over 18 years of experience in dealing of Fixed Income Products. He joined Kotak AMC from Trust Financial Consultancy Services Pvt Ltd.

Funds managed (2)

All schemes Dharmesh Thakar 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 Dharmesh Thakar

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 Low Duration funds

Low duration funds run a Macaulay duration of 6 to 12 months. They sit between ultra short and short duration funds, aimed at money with a horizon of about a year.

Frequently asked questions

What is the NAV of Kotak Ultra Short to Short Term Fund?

As of 05 Oct 2026, the NAV of Kotak Ultra Short to Short Term Fund is ₹1,008.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Ultra Short to Short Term Fund delivered?

Kotak Ultra Short to Short Term Fund has returned +0.82% 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 Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund charges an expense ratio of 1.18% 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 Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund's largest holdings are Karnataka State Govt - 2031 - Karnataka(^) (4.1%), PUNJAB NATIONAL BANK (4.0%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (3.9%), JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (3.6%) and BAJAJ HOUSING FINANCE LTD.(^) (3.3%). Holdings are disclosed monthly and change over time.

How risky is Kotak Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.5%. 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 Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is benchmarked against the Nifty Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Kotak Ultra Short to Short Term Fund?

Kotak Ultra Short to Short Term Fund is managed by Deepak Agrawal and Dharmesh Thakar at Kotak Mahindra.

How is Kotak Ultra Short to Short Term Fund taxed?

Kotak Ultra Short to Short 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.