Kotak Medium Term Fund
Medium DurationModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹24.59+0.10%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹23.45 — ₹24.62
- AUM
- ₹1,868 Cr
Kotak Medium Term Fund is a Medium Duration debt fund from Kotak Mahindra Mutual Fund with ₹1,868 Cr under management, launched in 2014. Over three years it has returned 6.7% a year, against 7.1% for its category. The expense ratio is 1.63% and the SEBI riskometer reading is Moderately High.
Performance
Kotak Medium Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.5% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.6% | 0.0 pts | 4.6% | 5.1% |
| 2Y | 5.9% | +0.5 pts | 5.4% | 5.6% |
| 3Y | 6.7% | −0.4 pts | 7.1% | 6.2% |
| 5Y | 6.9% | +0.7 pts | 6.2% | 6.4% |
| 7Y | 6.7% | +0.1 pts | 6.6% | 6.2% |
| 10Y | 6.5% | +0.4 pts | 6.1% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.7% | −0.1 pts | 0.7% | 0.8% |
| 3M | 0.1% | −0.1 pts | 0.1% | 0.6% |
| 6M | 3.0% | +0.2 pts | 2.8% | 3.2% |
| 1Y | 4.8% | +0.2 pts | 4.6% | 4.8% |
| 2Y | 6.7% | +0.3 pts | 6.4% | 6.3% |
| 3Y | 7.7% | +0.6 pts | 7.1% | 7.0% |
| 5Y | 6.3% | 0.0 pts | 6.2% | 5.9% |
| 7Y | 6.5% | +0.4 pts | 6.1% | 6.2% |
| 10Y | 6.4% | +0.3 pts | 6.1% | 6.3% |
Since launch (28 Feb 2014): 7.4%
Calendar-year returns
Category average8.5%
4.7%
3.2%
6.1%
8.9%
8.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.9% | +0.4 pts | 8.5% |
| 2024 | 8.9% | +0.2 pts | 8.7% |
| 2023 | 6.1% | −1.3 pts | 7.4% |
| 2022 | 3.2% | −1.6 pts | 4.8% |
| 2021 | 4.7% | −1.5 pts | 6.2% |
| 2020 | 8.5% | +1.5 pts | 7.1% |
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
1.63%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.38%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.25%
- Exit load
- For units in excess of 3% of the investment,1% will be charged for redemption within 6 months.
- Lock-in
- None
Terms
- Min SIP
- ₹-1
- Min lumpsum
- ₹-1
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Medium Duration Debt A-III Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
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 | 0.91 | 1.04 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.28 | 1.68 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.92 | 1.74 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Medium Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt88.1%
- Other11.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Embassy Office Parks REIT | Construction | 6.65% | ₹127 Cr | +8.72% | +9.30% | +9.18% |
| JTPM Metal Traders Ltd. | Metals & Mining | 5.64% | ₹108 Cr | +5.97% | +5.74% | +5.45% |
| Vedanta Ltd. | Metals & Mining | 5.26% | ₹100 Cr | +5.64% | +5.56% | +3.26% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 5.04% | ₹96.34 Cr | +5.50% | +5.37% | +5.42% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | Services | 4.72% | ₹90.29 Cr | +5.04% | +5.00% | +4.98% |
| Adani Power Ltd. | Energy | 4.68% | ₹89.52 Cr | +5.04% | +4.95% | — |
| Others | Others | 4.03% | ₹77.07 Cr | +0.99% | +0.96% | +0.90% |
| 360 ONE Wealth Ltd. | Financial | 3.94% | ₹75.36 Cr | +4.19% | — | — |
| MAS Financial Services Ltd. | Financial | 3.88% | ₹74.24 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 3.86% | ₹73.74 Cr | +4.21% | +4.12% | +4.14% |
| Aditya Birla Renewables Ltd. | Energy | 3.14% | ₹60.01 Cr | +3.35% | +3.33% | +3.32% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 2.86% | ₹54.64 Cr | +3.10% | +3.04% | +3.05% |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 2.63% | ₹50.37 Cr | +2.81% | +2.79% | +2.74% |
| Godrej Properties Ltd. | Construction | 2.62% | ₹50.11 Cr | +2.81% | +2.79% | +2.77% |
| IndiGrid Infrastructure Trust | Capital Goods | 2.62% | ₹50.03 Cr | +2.83% | +2.78% | +2.80% |
| RJ Corp Ltd. | Consumer Staples | 2.56% | ₹48.98 Cr | — | — | — |
| GOI | Sovereign | 2.35% | ₹44.99 Cr | +1.63% | +1.53% | +1.10% |
| Brookfield India Real Estate Trust REIT | Construction | 2.20% | ₹41.99 Cr | +2.30% | +2.24% | +2.33% |
| Tamilnadu State | Others | 2.04% | ₹38.98 Cr | +2.21% | +2.17% | +2.18% |
| Siddhivinayak Securitisation Trust | Others | 2.00% | ₹38.22 Cr | +2.20% | +2.18% | +2.18% |
| Aadhar Housing Finance Ltd | Financial | 1.84% | ₹35.16 Cr | +1.96% | +1.95% | +1.94% |
| Shivshakti Securitisation Trust | Others | 1.75% | ₹33.41 Cr | +1.91% | +1.90% | +1.91% |
| Indus Infra Trust | Construction | 1.55% | ₹29.62 Cr | +1.60% | +1.56% | +1.42% |
| Capital Infra Trust | Construction | 1.32% | ₹25.16 Cr | +1.34% | +1.24% | — |
| Muthoot Finance Ltd. | Financial | 1.32% | ₹25.15 Cr | +1.42% | +1.41% | +1.40% |
| Piramal Finance Ltd. | Financial | 1.31% | ₹25.08 Cr | +1.40% | +1.39% | +1.37% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 1.29% | ₹24.68 Cr | +1.39% | +1.37% | +1.36% |
| Karnataka State | Others | 1.27% | ₹24.37 Cr | +0.84% | +0.82% | — |
| Maharashtra State | Others | 0.85% | ₹16.23 Cr | +0.92% | +0.90% | +0.91% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.66% | ₹12.52 Cr | +0.70% | +0.69% | +0.69% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.64% | ₹12.33 Cr | +0.70% | +0.68% | — |
| Dhruva Trust | Others | 0.62% | ₹11.90 Cr | +0.77% | +0.85% | +1.01% |
| Nexus Select Trust | Construction | 0.62% | ₹11.89 Cr | +0.65% | +0.59% | +0.64% |
| Uttar Pradesh Power Corporation Ltd | Capital Goods | 0.42% | ₹8.00 Cr | +0.46% | +0.45% | +0.44% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.41% | ₹7.84 Cr | +0.44% | +3.51% | +3.51% |
| Sansar Trust | Others | 0.29% | ₹5.47 Cr | +0.50% | +0.73% | +1.39% |
| REC Ltd. | Financial | 0.11% | ₹2.05 Cr | +0.12% | +0.11% | +0.11% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.10% | ₹2.00 Cr | +0.11% | +0.11% | +0.11% |
| IOT Utkal Energy Services Ltd. | Energy | 0.00% | ₹0.07 Cr | 0.00% | 0.00% | +0.01% |
| Yes Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 2.88% | 2.35% | -0.53% |
| Sansar Trust | 0.34% | 0.29% | -0.05% |
| 360 ONE Wealth Ltd. | 3.89% | 3.94% | +0.05% |
| Adani Power Ltd. | 4.64% | 4.68% | +0.04% |
| JTPM Metal Traders Ltd. | 5.60% | 5.64% | +0.04% |
| L&T Metro Rail (Hyderabad) Ltd. | 5.08% | 5.04% | -0.04% |
| Dhruva Trust | 0.65% | 0.62% | -0.03% |
| Indus Infra Trust | 1.58% | 1.55% | -0.03% |
| MAS Financial Services Ltd. | 3.85% | 3.88% | +0.03% |
| Siddhivinayak Securitisation Trust | 2.03% | 2.00% | -0.03% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | 4.69% | 4.72% | +0.03% |
| Aadhar Housing Finance Ltd | 1.82% | 1.84% | +0.02% |
| Aditya Birla Renewables Ltd. | 3.12% | 3.14% | +0.02% |
| Brookfield India Real Estate Trust REIT | 2.22% | 2.20% | -0.02% |
| Shivshakti Securitisation Trust | 1.77% | 1.75% | -0.02% |
| Embassy Office Parks REIT | 4.07% | 4.06% | -0.01% |
| Godrej Properties Ltd. | 2.61% | 2.62% | +0.01% |
| IndiGrid Infrastructure Trust | 2.61% | 2.62% | +0.01% |
| Bahadur Chand Investments Pvt. Ltd. | 0.65% | 0.66% | +0.01% |
| Capital Infra Trust | 1.31% | 1.32% | +0.01% |
| Godrej Seeds & Genetics Ltd. | 1.28% | 1.29% | +0.01% |
| Karnataka State | 1.28% | 1.27% | -0.01% |
| Muthoot Finance Ltd. | 1.31% | 1.32% | +0.01% |
| Piramal Finance Ltd. | 1.30% | 1.31% | +0.01% |
| Aditya Birla Real Estate Ltd | 2.85% | 2.86% | +0.01% |
| Tamilnadu State | 2.05% | 2.04% | -0.01% |
| Vedanta Ltd - Pref. Shares 7.50 | 2.62% | 2.63% | +0.01% |
| IOT Utkal Energy Services Ltd. | 0.00% | 0.00% | 0.00% |
| Maharashtra State | 0.85% | 0.85% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. | 0.10% | 0.10% | 0.00% |
| Nexus Select Trust | 0.62% | 0.62% | 0.00% |
| Others | 0.31% | 0.31% | 0.00% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.41% | 0.41% | 0.00% |
| REC Ltd. | 0.11% | 0.11% | 0.00% |
| RJ Corp Ltd. | 2.56% | 2.56% | 0.00% |
| Tata Steel Ltd. | 3.86% | 3.86% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 0.64% | 0.64% | 0.00% |
| Uttar Pradesh Power Corporation Ltd | 0.21% | 0.21% | 0.00% |
| Vedanta Ltd. | 2.62% | 2.62% | 0.00% |
| Yes Bank Ltd. | 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 | ₹4,075 Cr | 1.35% | 5.5% | 7.2% | 7.5% |
 SBI Medium Term Fund | ₹6,319 Cr | 1.22% | 5.2% | 6.4% | 6.7% |
 ICICI Prudential Medium Term Fund | ₹5,260 Cr | 1.36% | 5.7% | 7.2% | 7.3% |
 HDFC Medium Term Fund | ₹3,514 Cr | 1.30% | 5.3% | 6.5% | 6.6% |
 Aditya Birla Sun Life Medium Term Fund | ₹3,343 Cr | 1.55% | 6.1% | 9.1% | 10.1% |
 Axis Medium Term Fund | ₹1,939 Cr | 1.32% | 5.4% | 6.8% | 7.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt 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.
- Vihag MishraRank Holder MBA in Finance from XLRIPrior to joining Kotak AMC, he was working as a senior credit analyst at French Bank, BNP Paribas.
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 months3.02% absolute | ₹60,000 | ₹61,812 | 3.02% | |
| 1 year4.76% annualised | ₹1,20,000 | ₹1,23,139 | 2.62% | |
| 3 years7.72% annualised | ₹3,60,000 | ₹4,06,245 | 12.85% | |
| 5 years6.29% annualised | ₹6,00,000 | ₹7,06,610 | 17.77% |
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.
What is the NAV of Kotak Medium Term Fund?
The NAV of Kotak Medium Term Fund is ₹24.59 as on 9 Nov 2026.
What is the expense ratio of Kotak Medium Term Fund?
The expense ratio of Kotak Medium Term Fund is 1.63% per year.
What is the minimum SIP amount for Kotak Medium Term Fund?
You can start a SIP in Kotak Medium Term Fund with ₹-1 a month.
What returns has Kotak Medium Term Fund given?
Kotak Medium Term Fund has returned 4.6% over 1 year, 6.7% over 3 years and 6.9% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Medium Term Fund?
Lock-in: None. Exit load: For units in excess of 3% of the investment,1% will be charged for redemption within 6 months..
How risky is Kotak Medium Term Fund?
Kotak Medium Term Fund is rated Moderately High on the SEBI riskometer and belongs to the Medium Duration category.
Which fund house manages Kotak Medium Term Fund?
Kotak Medium Term Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.