Kotak Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹55.49+0.06%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹53.29 — ₹55.46
- AUM
- ₹13,957 Cr
Kotak Short Term Fund is a Short Duration debt fund from Kotak Mahindra Mutual Fund with ₹13,957 Cr under management, launched in 2002. Over three years it has returned 5.7% a year, against 6.7% for its category. The expense ratio is 1.12% and the SEBI riskometer reading is Moderate.
Performance
Kotak Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.0% against +4.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.2% | −0.1 pts | 4.3% | 4.5% |
| 2Y | 4.9% | −0.2 pts | 5.1% | 5.2% |
| 3Y | 5.7% | −1.0 pts | 6.7% | 6.0% |
| 5Y | 6.1% | 0.0 pts | 6.0% | 6.3% |
| 7Y | 5.9% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 6.2% | −0.1 pts | 6.2% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 0.4% | 0.0 pts | 0.4% | 0.4% |
| 6M | 2.5% | −0.1 pts | 2.6% | 2.7% |
| 1Y | 4.1% | −0.2 pts | 4.3% | 4.3% |
| 2Y | 5.8% | −0.2 pts | 6.0% | 6.2% |
| 3Y | 6.5% | −0.1 pts | 6.7% | 6.7% |
| 5Y | 5.7% | −0.4 pts | 6.0% | 5.8% |
| 7Y | 6.0% | −0.2 pts | 6.2% | 6.0% |
| 10Y | 6.3% | +0.1 pts | 6.2% | 6.4% |
Since launch (22 Apr 2002): 7.2%
Calendar-year returns
Category average10.0%
3.3%
3.0%
6.5%
7.7%
7.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | −0.8 pts | 8.1% |
| 2024 | 7.7% | −0.6 pts | 8.3% |
| 2023 | 6.5% | −0.9 pts | 7.3% |
| 2022 | 3.0% | −2.0 pts | 5.0% |
| 2021 | 3.3% | −1.3 pts | 4.5% |
| 2020 | 10.0% | +0.2 pts | 9.8% |
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
1.12%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.95%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.17%
- 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 SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
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 | 0.47 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.77 | 1.36 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.45 | 1.37 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt95.4%
- Other4.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.07% | ₹1,149 Cr | +1.11% | +1.00% | +0.82% |
| LIC Housing Finance Ltd. | Financial | 5.92% | ₹844 Cr | +13.84% | +12.73% | +11.09% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.88% | ₹837 Cr | +4.20% | +3.84% | +3.37% |
| Power Finance Corporation Ltd. | Financial | 4.55% | ₹648 Cr | +1.42% | +0.13% | +0.01% |
| Mindspace Business Parks REIT | Construction | 3.76% | ₹536 Cr | +1.04% | +0.95% | — |
| Brookfield India Real Estate Trust REIT | Construction | 2.76% | ₹394 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 2.46% | ₹350 Cr | +2.45% | +3.12% | +2.72% |
| Knowledge Realty Trust | Construction | 2.08% | ₹296 Cr | +2.08% | +1.90% | +1.65% |
| Embassy Office Parks REIT | Construction | 2.06% | ₹294 Cr | +2.78% | +2.52% | +2.21% |
| National Bank For Financing Infrastructure And Development | Financial | 2.03% | ₹289 Cr | +2.74% | +2.48% | +2.17% |
| Bajaj Housing Finance Ltd. | Financial | 1.94% | ₹276 Cr | +1.12% | +1.03% | +0.90% |
| Housing & Urban Development Corporation Ltd. | Financial | 1.73% | ₹246 Cr | +1.72% | +1.58% | +1.37% |
| Cube Highways Trust | Services | 1.71% | ₹244 Cr | +1.71% | +1.57% | +1.35% |
| GOI | Sovereign | 1.65% | ₹235 Cr | 0.00% | 0.00% | +6.84% |
| Toyota Financial Services Ltd. | Financial | 1.41% | ₹200 Cr | +1.40% | +1.29% | +1.12% |
| REC Ltd. | Financial | 1.40% | ₹200 Cr | +0.72% | +0.65% | +1.96% |
| Aditya Birla Finance Ltd. | Financial | 1.40% | ₹199 Cr | +0.70% | +0.64% | +0.56% |
| India Universal Trust AL1 | Others | 1.27% | ₹180 Cr | +1.31% | +1.24% | +1.11% |
| Siddhivinayak Securitisation Trust | Others | 1.07% | ₹153 Cr | +1.10% | +1.01% | +0.88% |
| Shivshakti Securitisation Trust | Others | 1.07% | ₹153 Cr | +1.09% | +1.01% | +0.88% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 1.01% | ₹145 Cr | +1.03% | +0.93% | +0.82% |
| Indian Bank | Financial | 1.01% | ₹143 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 0.88% | ₹125 Cr | +0.54% | +0.50% | +0.44% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.86% | ₹123 Cr | +1.22% | +1.12% | +0.97% |
| Karnataka State | Others | 0.81% | ₹116 Cr | +0.83% | +0.75% | +2.77% |
| National Bank For Agriculture & Rural Development | Financial | 0.73% | ₹104 Cr | +0.06% | +0.06% | +1.23% |
| SMFG India Credit Company Ltd. | Financial | 0.70% | ₹100 Cr | +0.70% | +0.64% | +0.56% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.70% | ₹99.70 Cr | +0.70% | +0.64% | +0.56% |
| Tata Capital Ltd. | Financial | 0.70% | ₹99.69 Cr | +0.70% | +0.42% | +0.36% |
| Tata Capital Financial Services Ltd. | Financial | 0.70% | ₹99.69 Cr | +0.70% | +0.64% | +0.56% |
| Poonawalla Fincorp Ltd. | Financial | 0.70% | ₹99.10 Cr | +0.69% | +0.64% | +0.55% |
| Tata Capital Housing Finance Ltd. | Financial | 0.69% | ₹98.70 Cr | +0.69% | +0.97% | +0.84% |
| Jio Credit Ltd. | Financial | 0.69% | ₹98.55 Cr | +0.69% | +0.63% | +0.55% |
| Vertis Infrastructure Trust | Construction | 0.69% | ₹98.43 Cr | +0.69% | +0.63% | +0.55% |
| Axis Bank Ltd. | Financial | 0.69% | ₹98.10 Cr | — | +0.28% | — |
| Canara Bank | Financial | 0.69% | ₹97.76 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.69% | ₹97.69 Cr | +0.69% | +0.63% | +0.55% |
| ONGC Petro Additions Ltd. | Energy | 0.68% | ₹96.42 Cr | +0.68% | +0.62% | — |
| Maharashtra State | Others | 0.62% | ₹88.04 Cr | +0.63% | +0.66% | +0.57% |
| Bharti Telecom Ltd. | Communication | 0.52% | ₹73.63 Cr | +0.52% | +0.63% | — |
| Punjab National Bank | Financial | 0.52% | ₹73.40 Cr | — | +0.91% | — |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.35% | ₹49.98 Cr | +0.35% | +0.32% | +0.55% |
| Bank Of Baroda | Financial | 0.34% | ₹48.96 Cr | — | — | — |
| Tamilnadu State | Others | 0.34% | ₹48.73 Cr | +1.74% | +0.47% | +0.41% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.34% | ₹48.69 Cr | +0.35% | +0.64% | +0.55% |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.32% | ₹45.03 Cr | +0.32% | +0.29% | +0.25% |
| Sansar Trust | Others | 0.04% | ₹5.47 Cr | +0.06% | +0.04% | +0.14% |
| HDB Financial Services Ltd. | Financial | 0.00% | ₹0.50 Cr | 0.00% | +0.32% | +0.28% |
| Uttar Pradesh State | Others | 0.00% | ₹0.31 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bank Of Baroda | 0.67% | 0.34% | -0.33% |
| Power Finance Corporation Ltd. | 3.29% | 3.33% | +0.04% |
| LIC Housing Finance Ltd. | 3.43% | 3.47% | +0.04% |
| Brookfield India Real Estate Trust REIT | 2.73% | 2.76% | +0.03% |
| Bajaj Finance Ltd. | 2.43% | 2.46% | +0.03% |
| Cube Highways Trust | 1.69% | 1.71% | +0.02% |
| Knowledge Realty Trust | 2.06% | 2.08% | +0.02% |
| Indian Bank | 0.99% | 1.01% | +0.02% |
| Canara Bank | 0.67% | 0.69% | +0.02% |
| Toyota Financial Services Ltd. | 1.39% | 1.41% | +0.02% |
| Housing & Urban Development Corporation Ltd. | 1.71% | 1.73% | +0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 0.85% | 0.86% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 1.03% | 1.04% | +0.01% |
| Mindspace Business Parks REIT | 0.92% | 0.93% | +0.01% |
| Jio Credit Ltd. | 0.68% | 0.69% | +0.01% |
| Sansar Trust | 0.05% | 0.04% | -0.01% |
| Vertis Infrastructure Trust | 0.68% | 0.69% | +0.01% |
| Hindustan Zinc Ltd. | 0.69% | 0.70% | +0.01% |
| Tata Capital Ltd. | 0.69% | 0.70% | +0.01% |
| Tata Capital Financial Services Ltd. | 0.69% | 0.70% | +0.01% |
| National Bank For Financing Infrastructure And Development | 1.34% | 1.35% | +0.01% |
| Axis Bank Ltd. | 0.68% | 0.69% | +0.01% |
| Bajaj Housing Finance Ltd. | 1.37% | 1.38% | +0.01% |
| Embassy Office Parks REIT | 1.36% | 1.37% | +0.01% |
| Shivshakti Securitisation Trust | 1.08% | 1.07% | -0.01% |
| ONGC Petro Additions Ltd. | 0.67% | 0.68% | +0.01% |
| Bharti Telecom Ltd. | 0.51% | 0.52% | +0.01% |
| Siddhivinayak Securitisation Trust | 1.08% | 1.07% | -0.01% |
| Nomura Capital (India) Pvt Ltd. | 0.31% | 0.32% | +0.01% |
| Aditya Birla Capital Ltd. | 0.68% | 0.69% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.69% | 0.70% | +0.01% |
| Punjab National Bank | 0.51% | 0.52% | +0.01% |
| L&T Metro Rail (Hyderabad) Ltd. | 1.02% | 1.01% | -0.01% |
| National Bank For Agriculture & Rural Development | 0.03% | 0.04% | +0.01% |
| India Universal Trust AL1 | 1.27% | 1.27% | 0.00% |
| SMFG India Credit Company Ltd. | 0.70% | 0.70% | 0.00% |
| Karnataka State | 0.81% | 0.81% | 0.00% |
| Others | 0.37% | 0.37% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.69% | 0.69% | 0.00% |
| Tamilnadu State | 0.34% | 0.34% | 0.00% |
| IndiGrid Infrastructure Trust | 0.34% | 0.34% | 0.00% |
| Maharashtra State | 0.62% | 0.62% | 0.00% |
| REC Ltd. | 0.35% | 0.35% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.35% | 0.35% | 0.00% |
| Aditya Birla Finance Ltd. | 0.35% | 0.35% | 0.00% |
| HDFC Bank Ltd. | 0.18% | 0.18% | 0.00% |
| HDB Financial Services Ltd. | 0.00% | 0.00% | 0.00% |
| GOI | 0.00% | 0.00% | 0.00% |
| Uttar Pradesh State | 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 | ₹7,266 Cr | 0.78% | 5.1% | 6.3% | 6.6% |
 ICICI Prudential Short Term Fund | ₹18,468 Cr | 1.03% | 4.7% | 6.3% | 6.7% |
 Bandhan Short Term Fund | ₹8,628 Cr | 0.86% | 5.3% | 6.4% | 6.6% |
 Axis Short Term Fund | ₹7,395 Cr | 0.95% | 5.0% | 6.5% | 6.7% |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | ₹1,651 Cr | 0.33% | 6.0% | — | — |
 Sundaram Short Term Fund | ₹190 Cr | 0.73% | 4.7% | 6.0% | 6.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.
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 months2.52% absolute | ₹60,000 | ₹61,512 | 2.52% | |
| 1 year4.06% annualised | ₹1,20,000 | ₹1,22,672 | 2.23% | |
| 3 years6.55% annualised | ₹3,60,000 | ₹3,98,779 | 10.77% | |
| 5 years5.65% annualised | ₹6,00,000 | ₹6,94,716 | 15.79% |
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 Short Term Fund?
The NAV of Kotak Short Term Fund is ₹55.49 as on 9 Nov 2026.
What is the expense ratio of Kotak Short Term Fund?
The expense ratio of Kotak Short Term Fund is 1.12% per year.
What is the minimum SIP amount for Kotak Short Term Fund?
You can start a SIP in Kotak Short Term Fund with ₹3,000 a month.
What returns has Kotak Short Term Fund given?
Kotak Short Term Fund has returned 4.2% over 1 year, 5.7% over 3 years and 6.1% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 30 days.
How risky is Kotak Short Term Fund?
Kotak Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Short Duration category.
Which fund house manages Kotak Short Term Fund?
Kotak Short Term Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.