Kotak Dynamic Term Fund
- NAV as on 24 Sep 2026
- ₹39.64-0.23%1 day
- Return since launch
- 7.8%
- 52-week range
- ₹37.59 — ₹39.92
- AUM
- ₹2,342 Cr
Kotak Dynamic Term Fund is a Dynamic Bond debt fund from Kotak Mahindra Mutual Fund with ₹2,342 Cr under management, launched in 2008. Over three years it has returned 6.2% a year, against 6.1% for its category. The expense ratio is 1.35% and the SEBI riskometer reading is Moderately High.
Performance
Kotak Dynamic Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.4% against +3.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.0% | +2.3 pts | 3.6% | 3.5% |
| 2Y | 5.4% | +1.4 pts | 4.0% | 4.0% |
| 3Y | 6.2% | 0.0 pts | 6.1% | 5.1% |
| 5Y | 6.4% | +1.0 pts | 5.4% | 5.6% |
| 7Y | 6.2% | +0.5 pts | 5.7% | 5.5% |
| 10Y | 6.6% | +0.5 pts | 6.1% | 5.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.1% | +0.3 pts | -0.4% | -0.3% |
| 3M | 1.1% | +1.0 pts | 0.1% | 0.2% |
| 6M | 4.2% | +1.6 pts | 2.6% | 2.5% |
| 1Y | 5.4% | +1.7 pts | 3.6% | 3.7% |
| 2Y | 5.1% | +0.6 pts | 4.5% | 4.6% |
| 3Y | 7.0% | +0.9 pts | 6.1% | 6.1% |
| 5Y | 5.7% | +0.3 pts | 5.4% | 5.3% |
| 7Y | 6.5% | +0.5 pts | 5.9% | 5.8% |
| 10Y | 6.9% | +0.8 pts | 6.1% | 6.0% |
Since launch (26 May 2008): 7.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.9% | −0.4 pts | 6.3% |
| 2024 | 9.2% | −0.1 pts | 9.3% |
| 2023 | 6.5% | −0.8 pts | 7.3% |
| 2022 | 2.5% | −1.3 pts | 3.8% |
| 2021 | 3.2% | −1.0 pts | 4.2% |
| 2020 | 11.7% | +1.2 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.35%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.13%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.21%
- Exit load
- Exit load of 0.25% if redeemed within 30 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Composite Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.38 | 0.51 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.56 | 0.80 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.15 | 2.99 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Kotak Dynamic Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt75.6%
- Other24.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 14.56% | ₹340 Cr | +1.11% | +0.99% | +0.90% |
| Muthoot Finance Ltd. | Financial | 6.46% | ₹151 Cr | +6.39% | +5.91% | +5.57% |
| Vedanta Ltd. | Metals & Mining | 6.44% | ₹151 Cr | +6.25% | — | — |
| GOI | Sovereign | 5.39% | ₹126 Cr | +1.00% | +14.02% | +41.66% |
| Tamilnadu State | Others | 4.45% | ₹104 Cr | +10.27% | +9.52% | +0.41% |
| Karnataka State | Others | 4.27% | ₹100 Cr | +4.19% | +3.88% | +0.21% |
| Adani Power Ltd. | Energy | 4.03% | ₹94.41 Cr | +3.96% | +3.62% | — |
| Indus Infra Trust | Construction | 3.91% | ₹91.56 Cr | +1.70% | +1.55% | +1.32% |
| Tata Steel Ltd. | Metals & Mining | 3.18% | ₹74.36 Cr | +3.11% | +2.90% | +2.74% |
| Embassy Office Parks REIT | Construction | 2.34% | ₹54.79 Cr | +4.36% | +4.39% | +3.43% |
| IndiGrid Infrastructure Trust | Capital Goods | 2.09% | ₹48.99 Cr | +2.05% | +1.89% | +1.80% |
| ONGC Petro Additions Ltd. | Energy | 2.07% | ₹48.55 Cr | +2.03% | +1.88% | — |
| company:5329 | Financial | 2.07% | ₹48.52 Cr | — | — | — |
| Capital Infra Trust | Construction | 1.93% | ₹45.26 Cr | +1.75% | +1.57% | — |
| Maharashtra State | Others | 1.43% | ₹33.60 Cr | +1.61% | +1.49% | +1.42% |
| Bajaj Finance Ltd. | Financial | 1.07% | ₹24.98 Cr | +1.05% | +0.97% | +0.91% |
| Brookfield India Real Estate Trust REIT | Construction | 1.00% | ₹23.37 Cr | +1.54% | +1.62% | +1.41% |
| Nexus Select Trust | Construction | 0.76% | ₹17.90 Cr | +0.70% | +0.66% | +0.57% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.53% | ₹12.40 Cr | +0.52% | +0.48% | — |
| Cube Highways Trust | Services | 0.28% | ₹6.61 Cr | — | — | — |
| REC Ltd. | Financial | 0.22% | ₹5.13 Cr | +0.22% | +0.20% | +0.57% |
| Uttar Pradesh State | Others | 0.01% | ₹0.31 Cr | +4.13% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Uttar Pradesh State | 4.24% | 0.01% | -4.23% |
| company:5329 | 0.00% | 2.07% | +2.07% |
| Tamilnadu State | 6.27% | 4.45% | -1.82% |
| Indus Infra Trust | 3.82% | 3.91% | +0.09% |
| Capital Infra Trust | 1.84% | 1.93% | +0.09% |
| Muthoot Finance Ltd. | 6.42% | 6.46% | +0.04% |
| Vedanta Ltd. | 6.40% | 6.44% | +0.04% |
| Adani Power Ltd. | 4.00% | 4.03% | +0.03% |
| Embassy Office Parks REIT | 2.31% | 2.34% | +0.03% |
| Bajaj Finance Ltd. | 1.05% | 1.07% | +0.02% |
| Karnataka State | 4.28% | 4.27% | -0.01% |
| Brookfield India Real Estate Trust REIT | 0.99% | 1.00% | +0.01% |
| Maharashtra State | 1.44% | 1.43% | -0.01% |
| Nexus Select Trust | 0.75% | 0.76% | +0.01% |
| Others | 0.37% | 0.38% | +0.01% |
| GOI | 5.38% | 5.39% | +0.01% |
| IndiGrid Infrastructure Trust | 2.08% | 2.09% | +0.01% |
| Cube Highways Trust | 0.28% | 0.28% | 0.00% |
| ONGC Petro Additions Ltd. | 2.07% | 2.07% | 0.00% |
| REC Ltd. | 0.22% | 0.22% | 0.00% |
| Tata Steel Ltd. | 3.18% | 3.18% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 0.53% | 0.53% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,225 Cr | 1.03% | 5.6% | 6.3% | 6.6% |
 Bandhan Dynamic Term Fund | ₹1,926 Cr | 1.65% | 6.7% | 5.7% | 6.0% |
 Aditya Birla Sun Life Dynamic Term Fund | ₹1,422 Cr | 1.22% | 5.1% | 6.3% | 6.7% |
 Axis Dynamic Term Fund | ₹993 Cr | 0.65% | 5.7% | 6.5% | 6.6% |
 360 ONE Dynamic Term Fund | ₹559 Cr | 0.59% | 4.8% | 6.9% | 7.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to maximise returns through an active management of a portfolio of debt and money market securities.
Fund managers
- Abhishek BisenMr. Bisen is a BA and MBA in Finance.Prior to joining Kotak AMC, he 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.
- Deepak AgrawalMr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.He has been associated with Kotak AMC since 2002.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.20% absolute | ₹60,000 | ₹62,520 | 4.20% | |
| 1 year5.37% annualised | ₹1,20,000 | ₹1,23,548 | 2.96% | |
| 3 years6.99% annualised | ₹3,60,000 | ₹4,01,567 | 11.55% | |
| 5 years5.74% annualised | ₹6,00,000 | ₹6,96,373 | 16.06% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.