Kotak Floating Interest Rates Fund

FloaterModerateOPEN-ENDED

NAV as on 24 Sep 2026: ₹1,621.43-0.04%1 day
Return since launch: 6.8%
52-week range: ₹1,537.17 — ₹1,623.84
AUM: ₹3,425 Cr

Kotak Floating Interest Rates Fund is a Floater debt fund from Kotak Mahindra Mutual Fund with ₹3,425 Cr under management, launched in 2019. Over three years it has returned 6.8% a year, against 7.2% for its category. The expense ratio is 0.59% and the SEBI riskometer reading is Moderate.

Over 1Y this fund returned +5.5% against +5.6% for its category.

Trailing returns
Period	Fund	vs category	Category	Benchmark
1Y	5.3%	−0.5 pts	5.8%	5.5%
2Y	6.1%	−0.1 pts	6.2%	6.1%
3Y	6.8%	−0.4 pts	7.2%	6.7%
5Y	6.9%	+0.5 pts	6.4%	6.8%
7Y	6.7%	+0.1 pts	6.6%	6.5%

Fund against category

Fund5.3%

Category5.8%

Fund6.8%

Category7.2%

Fund6.9%

Category6.4%

Trailing returns
Period	Fund	vs category	Category	Benchmark
1M	0.3%	+0.1 pts	0.2%	0.2%
3M	1.0%	−0.1 pts	1.1%	1.0%
6M	2.9%	−0.3 pts	3.3%	3.0%
1Y	5.4%	−0.4 pts	5.8%	5.6%
2Y	7.0%	+0.2 pts	6.8%	6.8%
3Y	7.3%	0.0 pts	7.2%	7.1%
5Y	6.3%	−0.1 pts	6.4%	6.3%
7Y	6.8%	+0.2 pts	6.5%	6.4%

Fund against category

Fund5.4%

Category5.8%

Fund7.3%

Category7.2%

Fund6.3%

Category6.4%

Since launch (9 May 2019): 6.8%

Calendar-year returns

Category average

11.2%

2020

4.2%

2021

3.5%

2022

7.2%

2023

8.1%

2024

8.2%

2025

Show as a table

Calendar-year returns
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

0.62%

Expense ratio as on 22 Sep 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

Moderate

Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.

Risk ratios
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	1.26	1.19	Return earned for each unit of total risk taken. Higher is better.
Sortino	2.01	2.20	Return earned for each unit of downside risk. Higher is better.
Std. deviation	1.12	1.39	How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Asset allocation

Debt97.2%
Other2.8%

Top holdings

Holding	Sector	Weight	Value	3M chg	6M chg	1Y chg
Tata Capital Housing Finance Ltd.	Financial	7.14%	₹245 Cr	+4.74%	+4.35%	+9.96%
Embassy Office Parks REIT	Construction	6.95%	₹238 Cr	+9.36%	+8.70%	+9.75%
Karnataka State	Others	5.66%	₹194 Cr	+6.17%	+5.74%	—
Tamilnadu State	Others	5.32%	₹182 Cr	+5.74%	+5.32%	—
Muthoot Finance Ltd.	Financial	5.11%	₹175 Cr	+6.36%	+4.48%	+5.02%
REC Ltd.	Financial	5.07%	₹174 Cr	+5.52%	+5.06%	+7.78%
Pipeline Infrastructure (India) Pvt. Ltd.	Construction	4.84%	₹166 Cr	+5.28%	+0.44%	+5.49%
National Bank For Agriculture & Rural Development	Financial	4.35%	₹149 Cr	+6.30%	+5.82%	+1.64%
Others	Others	3.28%	₹112 Cr	+1.50%	+1.35%	+1.47%
Jubilant Bevco Ltd.	Consumer Staples	3.26%	₹112 Cr	+3.48%	+3.14%	+3.39%
JTPM Metal Traders Ltd.	Metals & Mining	3.15%	₹108 Cr	+3.36%	+3.02%	—
Power Finance Corporation Ltd.	Financial	2.90%	₹99.05 Cr	+3.12%	+2.90%	+3.28%
Bharti Telecom Ltd.	Communication	2.87%	₹98.34 Cr	+3.13%	+2.89%	—
DLF Cyber City Developers Ltd.	Construction	2.87%	₹98.40 Cr	+3.13%	+2.88%	+3.24%
Small Industries Devp. Bank of India Ltd.	Financial	2.80%	₹95.92 Cr	+1.58%	+6.78%	+3.30%
SMFG India Credit Company Ltd.	Financial	2.18%	₹74.80 Cr	—	—	—
Bajaj Housing Finance Ltd.	Financial	2.04%	₹70.00 Cr	+2.23%	+2.05%	+2.32%
Siddhivinayak Securitisation Trust	Others	2.00%	₹68.39 Cr	+2.18%	+2.03%	—
Shivshakti Securitisation Trust	Others	1.99%	₹68.02 Cr	+2.18%	+2.03%	—
HDFC Bank Ltd.	Financial	1.48%	₹50.83 Cr	+1.62%	+1.50%	—
LIC Housing Finance Ltd.	Financial	1.46%	₹49.91 Cr	+1.59%	+1.47%	+1.65%
ICICI Home Finance Company Ltd.	Financial	1.45%	₹49.82 Cr	—	—	—
Bajaj Finance Ltd.	Financial	1.44%	₹49.48 Cr	+2.40%	+2.19%	+3.64%
L&T Metro Rail (Hyderabad) Ltd.	Construction	1.43%	₹48.89 Cr	+1.55%	+1.45%	+1.62%
Vedanta Ltd.	Metals & Mining	1.33%	₹45.45 Cr	+1.60%	+1.46%	+1.95%
Dhruva Trust	Others	1.10%	₹37.58 Cr	+1.36%	+1.40%	+1.86%
Knowledge Realty Trust	Construction	0.87%	₹29.85 Cr	—	—	—
L&T Finance Ltd.	Financial	0.73%	₹24.84 Cr	+0.79%	+0.73%	+0.82%
Mahindra & Mahindra Financial Services Ltd.	Financial	0.73%	₹25.07 Cr	—	—	—
Bahadur Chand Investments Pvt. Ltd.	Financial	0.36%	₹12.50 Cr	+0.40%	+0.36%	+0.41%
Vajra Trust	Others	0.04%	₹1.51 Cr	+0.17%	+0.28%	+0.63%
GOI	Sovereign	0.00%	₹0.00 Cr	0.00%	0.00%	+0.02%

Sectors

Financial48.3%
Others21.6%
Construction18.7%
Metals & Mining4.5%
Consumer Staples3.3%
Communication2.9%
Sovereign0.8%

Instruments

Debenture38.3%
Non Convertible Debenture16.4%
Bonds16.0%
State Development Loan13.2%
Securitised Debt5.1%
Zero Coupon Bonds2.9%
Net Current Assets2.5%
Commercial Paper2.1%

Recent changes

Holding	From	To	Weight
Small Industries Devp. Bank of India Ltd.	0.73%	2.07%	+1.34%
Dhruva Trust	1.15%	1.10%	-0.05%
Vajra Trust	0.08%	0.04%	-0.04%
Karnataka State	5.69%	5.66%	-0.03%
JTPM Metal Traders Ltd.	3.13%	3.15%	+0.02%
Jubilant Bevco Ltd.	3.24%	3.26%	+0.02%
Tamilnadu State	5.34%	5.32%	-0.02%
REC Ltd.	5.06%	5.07%	+0.01%
Embassy Office Parks REIT	2.87%	2.86%	-0.01%
HDFC Bank Ltd.	1.49%	1.48%	-0.01%
ICICI Home Finance Company Ltd.	1.46%	1.45%	-0.01%
L&T Finance Ltd.	0.72%	0.73%	+0.01%
L&T Metro Rail (Hyderabad) Ltd.	1.44%	1.43%	-0.01%
Power Finance Corporation Ltd.	1.45%	1.44%	-0.01%
Vedanta Ltd.	1.32%	1.33%	+0.01%
Bajaj Housing Finance Ltd.	2.05%	2.04%	-0.01%
National Bank For Agriculture & Rural Development	2.90%	2.89%	-0.01%
Bahadur Chand Investments Pvt. Ltd.	0.36%	0.36%	0.00%
Bajaj Finance Ltd.	1.44%	1.44%	0.00%
Bharti Telecom Ltd.	2.87%	2.87%	0.00%
DLF Cyber City Developers Ltd.	2.87%	2.87%	0.00%
GOI	0.00%	0.00%	0.00%
Knowledge Realty Trust	0.87%	0.87%	0.00%
LIC Housing Finance Ltd.	1.46%	1.46%	0.00%
Mahindra & Mahindra Financial Services Ltd.	0.73%	0.73%	0.00%
Muthoot Finance Ltd.	2.90%	2.90%	0.00%
Others	0.46%	0.46%	0.00%
Pipeline Infrastructure (India) Pvt. Ltd.	4.84%	4.84%	0.00%
SMFG India Credit Company Ltd.	2.18%	2.18%	0.00%
Shivshakti Securitisation Trust	1.99%	1.99%	0.00%
Siddhivinayak Securitisation Trust	2.00%	2.00%	0.00%
Tata Capital Housing Finance Ltd.	1.30%	1.30%	0.00%

Fund	AUM	Expense	1Y	3Y	5Y
Category average	₹2,059 Cr	0.65%	6.2%	6.9%	7.0%
ICICI Prudential Floating Interest Rates Fund	₹9,119 Cr	0.85%	5.7%	6.8%	7.0%
SBI Floating Interest Rates Fund	₹688 Cr	0.42%	6.5%	7.0%	7.1%
Bandhan Floating Interest Rates Fund	₹228 Cr	0.71%	6.3%	6.9%	6.9%
Axis Floating Interest Rates Fund	₹149 Cr	0.53%	7.0%	7.4%	7.5%
Tata Floating Interest Rates Fund	₹114 Cr	0.72%	5.7%	6.6%	6.7%

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.

Scheme information document

Monthly investment

₹

Over the past	Total investment	Would’ve become	Returns
6 months2.94% absolute	₹60,000	₹61,764	2.94%
1 year5.44% annualised	₹1,20,000	₹1,23,595	3.00%
3 years7.26% annualised	₹3,60,000	₹4,03,289	12.02%
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.

What is the NAV of Kotak Floating Interest Rates Fund?

The NAV of Kotak Floating Interest Rates Fund is ₹1,621.43 as on 24 Sep 2026.

What is the expense ratio of Kotak Floating Interest Rates Fund?

The expense ratio of Kotak Floating Interest Rates Fund is 0.59% per year.

What is the minimum SIP amount for Kotak Floating Interest Rates Fund?

You can start a SIP in Kotak Floating Interest Rates Fund with ₹3,000 a month.

What returns has Kotak Floating Interest Rates Fund given?

Kotak Floating Interest Rates Fund has returned 5.3% over 1 year, 6.8% over 3 years and 6.9% over 5 years (annualised).

Is there a lock-in or exit load on Kotak Floating Interest Rates Fund?

Lock-in: None. Exit load: 0%.

How risky is Kotak Floating Interest Rates Fund?

Kotak Floating Interest Rates Fund is rated Moderate on the SEBI riskometer and belongs to the Floater category.

Which fund house manages Kotak Floating Interest Rates Fund?

Kotak Floating Interest Rates Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.

Kotak Floating Interest Rates Fund