Kotak Short Term Fund
Kotak Mahindra Mutual Fund · Best Short Duration Mutual Funds
This is the Direct plan of Kotak Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed weekly, which is why this NAV sits below the growth plan of the same fund.
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.
View the Growth plan for compounded returns (+7.37% 3Y CAGR)NAV history
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.06% | — | — |
| 3M abs | +0.05% | — | — |
| 6M abs | — | — | — |
| 1Y CAGR | — | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Short 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.
2 monthly installments of ₹10,000 into Kotak Short Term 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- Debt94.68%
- Cash & Equivalents5.32%
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 AgrawalManaging since 11 Jul 2007
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
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ABAbhishek BisenManaging since 01 Nov 2022
Head - Fixed Income, Debt Fund Manager and Dealer
B A Management, MBA Finance EPAF- IIM-C
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
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- Kotak Banking and Financial Services Fund
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- Kotak BSE Sensex Index Fund
- Kotak Business Cycle Fund
- Kotak Consumption Fund
- Kotak CRISIL- IBX AAA Bond Financial Services Index - Dec 2026 Fund
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- Kotak Equity Savings Fund
- Kotak Gilt Fund
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- KOTAK GOLD ETF
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- Kotak Nifty 1D Rate Liquid ETF
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- KOTAK NIFTY 200 QUALITY 30 INDEX FUND
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- Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund
- Kotak Nifty Alpha 50 ETF
- Kotak Nifty Alpha 50 Index Fund
- Kotak Nifty Alpha Low-Volatility 30 Index Fund
- Kotak Nifty Chemicals ETF
- Kotak Nifty Commodities Index Fund
- Kotak Nifty Financial Services Ex-Bank Index Fund
- Kotak Nifty G-Sec July 2033 Index Fund
- Kotak Nifty India Consumption ETF
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- Kotak Nifty IT ETF
- Kotak Nifty Midcap 150 ETF
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- Kotak Nifty Midcap 150 Momentum 50 Index Fund
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- Kotak Silver ETF Fund of Fund
- Kotak Special Opportunities Fund
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- Kotak Nifty SDL Jul 2026 Index Fund - Direct Plan - Growth
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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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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 Short Duration funds
Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.
Frequently asked questions
What is the NAV of Kotak Short Term Fund?
As of 05 Oct 2026, the NAV of Kotak Short Term Fund is ₹10.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Short Term Fund delivered?
Kotak Short Term Fund has returned +0.05% 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 Short Term Fund?
Kotak Short Term Fund charges an expense ratio of 0.38% 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 Short Term Fund?
Kotak Short Term Fund's largest holdings are NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (4.2%), LIC HOUSING FINANCE LTD. (3.4%), Power Finance Corporation Ltd. (3.3%), MINDSPACE BUSINESS PARKS REIT(^) (2.8%) and SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) (2.8%). Holdings are disclosed monthly and change over time.
How risky is Kotak Short Term Fund?
Kotak Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% 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 Short Term Fund?
Kotak Short Term Fund is benchmarked against the Nifty Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.
Who manages Kotak Short Term Fund?
Kotak Short Term Fund is managed by Deepak Agrawal and Abhishek Bisen at Kotak Mahindra.
How is Kotak Short Term Fund taxed?
Kotak 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.