Kotak Floating Interest Rates Fund
- NAV as on 9 Nov 2026
- ₹1,626.21+0.02%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹1,552.00 — ₹1,626.87
- AUM
- ₹2,984 Cr
Kotak Floating Interest Rates Fund is a Floater debt fund from Kotak Mahindra Mutual Fund with ₹2,984 Cr under management, launched in 2019. Over three years it has returned 6.4% a year, against 7.2% for its category. The expense ratio is 0.62% and the SEBI riskometer reading is Moderate.
Performance
Kotak Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +5.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.4% | −0.9 pts | 5.3% | 4.9% |
| 2Y | 5.5% | −0.3 pts | 5.8% | 5.7% |
| 3Y | 6.4% | −0.8 pts | 7.2% | 6.4% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.7% |
| 7Y | 6.5% | +0.1 pts | 6.5% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | −0.2 pts | 0.5% | 0.4% |
| 3M | 0.4% | −0.2 pts | 0.6% | 0.6% |
| 6M | 2.5% | −0.4 pts | 2.9% | 2.7% |
| 1Y | 4.7% | −0.5 pts | 5.3% | 5.0% |
| 2Y | 6.5% | −0.1 pts | 6.5% | 6.5% |
| 3Y | 7.1% | 0.0 pts | 7.2% | 7.1% |
| 5Y | 6.3% | −0.1 pts | 6.4% | 6.3% |
| 7Y | 6.7% | +0.3 pts | 6.4% | 6.3% |
Since launch (9 May 2019): 6.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.2% | +0.2 pts | 8.0% |
| 2024 | 8.1% | −0.4 pts | 8.5% |
| 2023 | 7.2% | −0.5 pts | 7.7% |
| 2022 | 3.5% | −1.0 pts | 4.5% |
| 2021 | 4.2% | +0.1 pts | 4.1% |
| 2020 | 11.2% | +1.6 pts | 9.6% |
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
0.62%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.52%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 1.08 | 1.08 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.67 | 1.81 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.19 | 1.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Floating Interest Rates Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt100.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Tata Capital Housing Finance Ltd. | Financial | 7.50% | ₹243 Cr | +4.80% | +4.58% | +10.26% |
| Embassy Office Parks REIT | Construction | 7.32% | ₹237 Cr | +9.63% | +9.06% | +10.08% |
| Karnataka State | Others | 5.91% | ₹192 Cr | +6.36% | +5.99% | — |
| Tamilnadu State | Others | 5.55% | ₹180 Cr | +5.90% | +5.56% | — |
| Muthoot Finance Ltd. | Financial | 5.38% | ₹174 Cr | +6.48% | +4.71% | +5.18% |
| REC Ltd. | Financial | 5.35% | ₹173 Cr | +5.63% | +5.33% | — |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 5.11% | ₹166 Cr | +5.37% | +5.11% | +5.65% |
| National Bank For Agriculture & Rural Development | Financial | 4.59% | ₹149 Cr | +6.46% | +6.11% | — |
| Others | Others | 3.97% | ₹129 Cr | +1.53% | +1.43% | +1.53% |
| Jubilant Bevco Ltd. | Consumer Staples | 3.47% | ₹112 Cr | +3.58% | +3.34% | +3.51% |
| JTPM Metal Traders Ltd. | Metals & Mining | 3.33% | ₹108 Cr | +3.46% | +3.19% | +3.35% |
| Power Finance Corporation Ltd. | Financial | 3.04% | ₹98.52 Cr | +3.24% | +3.03% | +3.38% |
| Bharti Telecom Ltd. | Communication | 3.03% | ₹98.17 Cr | +3.19% | +3.03% | — |
| DLF Cyber City Developers Ltd. | Construction | 3.03% | ₹98.22 Cr | +3.19% | +3.03% | +3.34% |
| SMFG India Credit Company Ltd. | Financial | 2.30% | ₹74.41 Cr | +2.42% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 2.15% | ₹69.64 Cr | +2.27% | +2.16% | +2.39% |
| Shivshakti Securitisation Trust | Others | 2.06% | ₹66.81 Cr | +2.21% | +2.12% | +2.35% |
| Siddhivinayak Securitisation Trust | Others | 2.06% | ₹66.88 Cr | +2.23% | +2.12% | +2.34% |
| HDFC Bank Ltd. | Financial | 1.56% | ₹50.58 Cr | +1.66% | +1.58% | — |
| ICICI Home Finance Company Ltd. | Financial | 1.55% | ₹50.14 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 1.53% | ₹49.73 Cr | +1.62% | +1.54% | +1.71% |
| Bajaj Finance Ltd. | Financial | 1.52% | ₹49.37 Cr | — | +2.32% | +3.75% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 1.49% | ₹48.17 Cr | +1.59% | +1.49% | +1.67% |
| Vedanta Ltd. | Metals & Mining | 1.40% | ₹45.38 Cr | +1.47% | +1.55% | +2.01% |
| Dhruva Trust | Others | 1.10% | ₹35.70 Cr | +1.34% | +1.42% | +1.87% |
| Knowledge Realty Trust | Construction | 0.92% | ₹29.75 Cr | +0.97% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.77% | ₹25.01 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.77% | ₹24.88 Cr | +0.81% | +3.62% | +1.70% |
| L&T Finance Ltd. | Financial | 0.76% | ₹24.75 Cr | +0.80% | +0.77% | +0.84% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.39% | ₹12.52 Cr | +0.40% | +0.38% | +0.42% |
| Vajra Trust | Others | 0.01% | ₹0.43 Cr | +0.13% | +0.26% | +0.59% |
| GOI | Sovereign | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | 2.07% | 0.77% | -1.30% |
| REC Ltd. | 5.07% | 5.35% | +0.28% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 4.84% | 5.11% | +0.27% |
| Karnataka State | 5.66% | 5.91% | +0.25% |
| Tamilnadu State | 5.32% | 5.55% | +0.23% |
| Jubilant Bevco Ltd. | 3.26% | 3.47% | +0.21% |
| JTPM Metal Traders Ltd. | 3.15% | 3.33% | +0.18% |
| Bharti Telecom Ltd. | 2.87% | 3.03% | +0.16% |
| DLF Cyber City Developers Ltd. | 2.87% | 3.03% | +0.16% |
| National Bank For Agriculture & Rural Development | 2.89% | 3.05% | +0.16% |
| Embassy Office Parks REIT | 2.86% | 3.01% | +0.15% |
| Muthoot Finance Ltd. | 2.90% | 3.05% | +0.15% |
| SMFG India Credit Company Ltd. | 2.18% | 2.30% | +0.12% |
| Bajaj Housing Finance Ltd. | 2.04% | 2.15% | +0.11% |
| ICICI Home Finance Company Ltd. | 1.45% | 1.55% | +0.10% |
| Bajaj Finance Ltd. | 1.44% | 1.52% | +0.08% |
| HDFC Bank Ltd. | 1.48% | 1.56% | +0.08% |
| LIC Housing Finance Ltd. | 1.46% | 1.53% | +0.07% |
| Shivshakti Securitisation Trust | 1.99% | 2.06% | +0.07% |
| Tata Capital Housing Finance Ltd. | 1.30% | 1.37% | +0.07% |
| Vedanta Ltd. | 1.33% | 1.40% | +0.07% |
| L&T Metro Rail (Hyderabad) Ltd. | 1.43% | 1.49% | +0.06% |
| Power Finance Corporation Ltd. | 1.44% | 1.50% | +0.06% |
| Siddhivinayak Securitisation Trust | 2.00% | 2.06% | +0.06% |
| Knowledge Realty Trust | 0.87% | 0.92% | +0.05% |
| Mahindra & Mahindra Financial Services Ltd. | 0.73% | 0.77% | +0.04% |
| Bahadur Chand Investments Pvt. Ltd. | 0.36% | 0.39% | +0.03% |
| L&T Finance Ltd. | 0.73% | 0.76% | +0.03% |
| Vajra Trust | 0.04% | 0.01% | -0.03% |
| Others | 0.46% | 0.49% | +0.03% |
| Dhruva Trust | 1.10% | 1.10% | 0.00% |
| GOI | 0.00% | 0.00% | 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 | ₹4,910 Cr | 0.61% | 5.8% | 6.7% | 7.0% |
 HDFC Floating Interest Rates Fund | ₹15,498 Cr | 0.50% | 5.2% | 6.6% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹8,027 Cr | 0.82% | 5.1% | 6.5% | 6.9% |
 SBI Floating Interest Rates Fund | ₹669 Cr | 0.43% | 5.9% | 6.7% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹210 Cr | 0.76% | 5.5% | 6.6% | 6.7% |
 Axis Floating Interest Rates Fund | ₹145 Cr | 0.52% | 7.3% | 7.4% | 7.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
Fund managers
- 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.
- Manu SharmaMr. Sharma has done M.Com and CA.He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
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 months2.49% absolute | ₹60,000 | ₹61,494 | 2.49% | |
| 1 year4.73% annualised | ₹1,20,000 | ₹1,23,119 | 2.60% | |
| 3 years7.11% annualised | ₹3,60,000 | ₹4,02,331 | 11.76% | |
| 5 years6.27% annualised | ₹6,00,000 | ₹7,06,234 | 17.71% |
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.