Kotak Ultra Short Term Fund
Kotak Mahindra Mutual Fund · Best Ultra Short Duration Mutual Funds
This is the Regular plan of Kotak Ultra Short Term Fund — bought through a distributor, whose commission is paid out of 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 (+6.73% 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 (Ultra Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.05% | — | — |
| 3M abs | — | — | — |
| 6M abs | — | — | — |
| 1Y CAGR | — | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Ultra 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 Ultra 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- Debt96.98%
- Cash & Equivalents3.02%
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 01 Apr 2008
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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MSManu SharmaManaging since 01 Nov 2022
Debt - Fund Manager and Dealer
Chartered Accountant from the Institute of Chartered Accountants of India & M.Com
Mr. Manu Sharma has over 17 years of experience in the fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation. He joined Kotak AMC from Deskera Systems in September 2019 and was based out of Bangalore/Singapore for one year. Prior to it Mr. Manu was with Kotak AMC since September 2006 to June 2018 and has handled major assignments like the Fund Management, Operations and Finance for the Kotak AMC.
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 Ultra Short Duration funds
Ultra short duration funds run a Macaulay duration of 3 to 6 months. That is a step out from a liquid fund — slightly more interest-rate sensitivity in exchange for slightly more yield, for money you need in months rather than days.
Frequently asked questions
What is the NAV of Kotak Ultra Short Term Fund?
As of 05 Oct 2026, the NAV of Kotak Ultra Short Term Fund is ₹10.02 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Ultra Short Term Fund delivered?
Kotak Ultra Short Term Fund has returned +0.15% 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 Term Fund?
Kotak Ultra Short Term Fund charges an expense ratio of 0.82% 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 Term Fund?
Kotak Ultra Short Term Fund's largest holdings are AXIS BANK LTD.(^) (4.3%), BANK OF BARODA (3.6%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) (3.6%), 182 DAYS TREASURY BILL 11/02/2027 (3.2%) and Tamil Nadu State Govt - 2029 - Tamil Nadu(^) (2.8%). Holdings are disclosed monthly and change over time.
How risky is Kotak Ultra Short Term Fund?
Kotak Ultra Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -0.2%. 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 Term Fund?
Kotak Ultra Short Term Fund is benchmarked against the Nifty Ultra Short Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Kotak Ultra Short Term Fund?
Kotak Ultra Short Term Fund is managed by Deepak Agrawal and Manu Sharma at Kotak Mahindra.
How is Kotak Ultra Short Term Fund taxed?
Kotak Ultra 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.