Kotak Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹55.25-0.13%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹52.80 — ₹55.33
- AUM
- ₹14,436 Cr
Kotak Short Term Fund is a Short Duration debt fund from Kotak Mahindra Mutual Fund with ₹14,436 Cr under management, launched in 2002. Over three years it has returned 6.0% 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 +4.6% against +4.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | −0.2 pts | 4.8% | 4.9% |
| 2Y | 5.3% | −0.2 pts | 5.5% | 5.6% |
| 3Y | 6.0% | −0.7 pts | 6.7% | 6.3% |
| 5Y | 6.2% | +0.1 pts | 6.1% | 6.4% |
| 7Y | 6.0% | −0.3 pts | 6.3% | 6.1% |
| 10Y | 6.2% | −0.1 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | 0.0 pts | 0.1% | 0.1% |
| 3M | 0.8% | 0.0 pts | 0.8% | 0.8% |
| 6M | 2.8% | −0.2 pts | 2.9% | 3.0% |
| 1Y | 4.6% | −0.2 pts | 4.8% | 4.9% |
| 2Y | 6.0% | −0.2 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.2 pts | 6.7% | 6.8% |
| 5Y | 5.6% | −0.4 pts | 6.1% | 5.8% |
| 7Y | 6.2% | −0.2 pts | 6.4% | 6.2% |
| 10Y | 6.4% | +0.1 pts | 6.3% | 6.4% |
Since launch (22 Apr 2002): 7.3%
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 22 Sep 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 | 0.56 | 0.94 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.92 | 1.59 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.37 | 1.35 | 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 31 Aug 2026
Asset allocation
- Debt94.7%
- Other5.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| LIC Housing Finance Ltd. | Financial | 5.86% | ₹845 Cr | +12.90% | +11.36% | +11.04% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.82% | ₹839 Cr | +3.88% | +3.44% | +3.36% |
| Others | Others | 5.69% | ₹819 Cr | +1.02% | +0.87% | +0.81% |
| Power Finance Corporation Ltd. | Financial | 4.49% | ₹648 Cr | +1.30% | +1.16% | +0.01% |
| Mindspace Business Parks REIT | Construction | 3.72% | ₹537 Cr | +0.96% | +0.84% | — |
| company:16416 | Construction | 2.73% | ₹395 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 2.43% | ₹351 Cr | +2.29% | +2.79% | +2.71% |
| GOI | Sovereign | 2.17% | ₹313 Cr | 0.00% | 0.00% | +11.10% |
| Knowledge Realty Trust | Construction | 2.06% | ₹297 Cr | +1.93% | +1.70% | — |
| Embassy Office Parks REIT | Construction | 2.05% | ₹295 Cr | +2.55% | +2.28% | +2.20% |
| National Bank For Financing Infrastructure And Development | Financial | 2.01% | ₹291 Cr | +2.51% | +2.22% | +2.16% |
| Bajaj Housing Finance Ltd. | Financial | 1.93% | ₹278 Cr | +1.05% | +0.92% | +0.90% |
| Housing & Urban Development Corporation Ltd. | Financial | 1.71% | ₹247 Cr | +1.60% | +1.41% | +1.36% |
| Cube Highways Trust | Services | 1.69% | ₹245 Cr | +1.59% | +1.40% | +1.35% |
| Aditya Birla Finance Ltd. | Financial | 1.39% | ₹200 Cr | +0.65% | +0.58% | +0.56% |
| REC Ltd. | Financial | 1.39% | ₹200 Cr | +0.66% | +0.58% | +1.94% |
| Toyota Financial Services Ltd. | Financial | 1.39% | ₹200 Cr | +1.31% | +1.15% | +1.11% |
| India Universal Trust AL1 | Others | 1.27% | ₹183 Cr | +1.24% | +1.11% | +1.12% |
| HDFC Bank Ltd. | Financial | 1.20% | ₹174 Cr | +0.50% | +0.45% | +0.42% |
| Shivshakti Securitisation Trust | Others | 1.08% | ₹155 Cr | +1.02% | +0.91% | — |
| Siddhivinayak Securitisation Trust | Others | 1.08% | ₹156 Cr | +1.02% | +0.91% | — |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 1.02% | ₹147 Cr | +0.95% | +0.86% | +0.82% |
| company:5434 | Financial | 0.99% | ₹143 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.85% | ₹123 Cr | +1.13% | +1.00% | +0.97% |
| Karnataka State | Others | 0.81% | ₹117 Cr | +0.76% | +0.68% | +2.75% |
| National Bank For Agriculture & Rural Development | Financial | 0.72% | ₹105 Cr | +0.07% | +0.06% | +3.46% |
| SMFG India Credit Company Ltd. | Financial | 0.70% | ₹100 Cr | +0.65% | +0.57% | +0.56% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.69% | ₹99.94 Cr | +0.65% | +0.57% | +0.55% |
| Poonawalla Fincorp Ltd. | Financial | 0.69% | ₹99.21 Cr | +0.65% | +0.57% | +0.55% |
| Tata Capital Financial Services Ltd. | Financial | 0.69% | ₹99.93 Cr | +0.65% | +0.58% | +0.56% |
| Tata Capital Housing Finance Ltd. | Financial | 0.69% | ₹99.15 Cr | +0.65% | +0.86% | +0.84% |
| Tata Capital Ltd. | Financial | 0.69% | ₹99.57 Cr | +0.66% | +0.37% | +0.36% |
| Aditya Birla Capital Ltd. | Financial | 0.68% | ₹98.27 Cr | +0.64% | +0.57% | +0.55% |
| Jio Credit Ltd. | Financial | 0.68% | ₹98.85 Cr | +0.64% | +0.57% | +0.55% |
| Vertis Infrastructure Trust | Construction | 0.68% | ₹98.51 Cr | +0.64% | +0.56% | +0.55% |
| company:5329 | Financial | 0.68% | ₹97.56 Cr | +0.63% | — | — |
| ONGC Petro Additions Ltd. | Energy | 0.67% | ₹97.09 Cr | +0.63% | +0.56% | — |
| company:442 | Financial | 0.67% | ₹97.38 Cr | +0.31% | — | — |
| company:5652 | Financial | 0.67% | ₹97.23 Cr | +1.54% | — | — |
| Maharashtra State | Others | 0.62% | ₹89.26 Cr | +0.66% | +0.59% | +0.57% |
| Bharti Telecom Ltd. | Communication | 0.51% | ₹73.76 Cr | +0.48% | +0.57% | — |
| company:5500 | Financial | 0.51% | ₹72.99 Cr | +0.31% | +2.14% | — |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.35% | ₹50.11 Cr | +0.33% | +0.29% | +0.98% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.34% | ₹48.99 Cr | +0.32% | +0.57% | +0.55% |
| Tamilnadu State | Others | 0.34% | ₹49.40 Cr | +0.48% | +0.43% | +1.30% |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.31% | ₹45.12 Cr | +0.29% | +0.26% | +0.25% |
| Sansar Trust | Others | 0.05% | ₹6.53 Cr | +0.07% | +0.09% | +0.15% |
| HDB Financial Services Ltd. | Financial | 0.00% | ₹0.50 Cr | +0.33% | +0.29% | +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 |
|---|---|---|---|
| company:16416 | 0.00% | 2.73% | +2.73% |
| Power Finance Corporation Ltd. | 0.71% | 3.29% | +2.58% |
| Tamilnadu State | 1.75% | 0.34% | -1.41% |
| company:5434 | 0.00% | 0.99% | +0.99% |
| Bajaj Housing Finance Ltd. | 0.56% | 1.37% | +0.81% |
| company:5329 | 0.00% | 0.68% | +0.68% |
| company:442 | 0.00% | 0.67% | +0.67% |
| company:5652 | 0.00% | 0.67% | +0.67% |
| company:5500 | 0.00% | 0.51% | +0.51% |
| Mindspace Business Parks REIT | 0.52% | 0.92% | +0.40% |
| Gujarat State | 0.32% | 0.00% | -0.32% |
| LIC Housing Finance Ltd. | 3.47% | 3.43% | -0.04% |
| India Universal Trust AL1 | 1.30% | 1.27% | -0.03% |
| Bajaj Finance Ltd. | 2.46% | 2.43% | -0.03% |
| Knowledge Realty Trust | 2.09% | 2.06% | -0.03% |
| Cube Highways Trust | 1.72% | 1.69% | -0.03% |
| National Bank For Financing Infrastructure And Development | 1.36% | 1.34% | -0.02% |
| Karnataka State | 0.83% | 0.81% | -0.02% |
| Embassy Office Parks REIT | 1.38% | 1.36% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 1.05% | 1.03% | -0.02% |
| L&T Metro Rail (Hyderabad) Ltd. | 1.04% | 1.02% | -0.02% |
| Siddhivinayak Securitisation Trust | 1.10% | 1.08% | -0.02% |
| Housing & Urban Development Corporation Ltd. | 1.73% | 1.71% | -0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 0.87% | 0.85% | -0.02% |
| ONGC Petro Additions Ltd. | 0.68% | 0.67% | -0.01% |
| Shivshakti Securitisation Trust | 1.09% | 1.08% | -0.01% |
| Maharashtra State | 0.63% | 0.62% | -0.01% |
| Toyota Financial Services Ltd. | 1.40% | 1.39% | -0.01% |
| Tata Capital Financial Services Ltd. | 0.70% | 0.69% | -0.01% |
| Jio Credit Ltd. | 0.69% | 0.68% | -0.01% |
| Hindustan Zinc Ltd. | 0.70% | 0.69% | -0.01% |
| Vertis Infrastructure Trust | 0.69% | 0.68% | -0.01% |
| Tata Capital Ltd. | 0.70% | 0.69% | -0.01% |
| Aditya Birla Capital Ltd. | 0.69% | 0.68% | -0.01% |
| Bharti Telecom Ltd. | 0.52% | 0.51% | -0.01% |
| Nomura Capital (India) Pvt Ltd. | 0.32% | 0.31% | -0.01% |
| REC Ltd. | 0.36% | 0.35% | -0.01% |
| Poonawalla Fincorp Ltd. | 0.70% | 0.69% | -0.01% |
| IndiGrid Infrastructure Trust | 0.35% | 0.34% | -0.01% |
| National Bank For Agriculture & Rural Development | 0.04% | 0.03% | -0.01% |
| Tata Capital Housing Finance Ltd. | 0.70% | 0.69% | -0.01% |
| Sansar Trust | 0.05% | 0.05% | 0.00% |
| SMFG India Credit Company Ltd. | 0.70% | 0.70% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.35% | 0.35% | 0.00% |
| Others | 0.37% | 0.37% | 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% |
| Uttar Pradesh State | 0.00% | 0.00% | 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 | ₹11,181 Cr | 0.91% | 5.2% | 6.6% | 6.7% |
 ICICI Prudential Short Term Fund | ₹19,403 Cr | 1.05% | 5.3% | 6.6% | 6.9% |
 HDFC Short Term Fund | ₹14,486 Cr | 0.72% | 4.9% | 6.5% | 6.7% |
 Bandhan Short Term Fund | ₹8,731 Cr | 0.87% | 5.9% | 6.7% | 6.7% |
 Axis Short Term Fund | ₹7,501 Cr | 0.93% | 5.2% | 6.7% | 6.7% |
 Aditya Birla Sun Life Short Term Fund | ₹5,782 Cr | 0.96% | 4.9% | 6.4% | 6.6% |
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 months2.76% absolute | ₹60,000 | ₹61,656 | 2.76% | |
| 1 year4.59% annualised | ₹1,20,000 | ₹1,23,026 | 2.52% | |
| 3 years6.58% annualised | ₹3,60,000 | ₹3,98,968 | 10.82% | |
| 5 years5.62% annualised | ₹6,00,000 | ₹6,94,165 | 15.69% |
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 ₹55.25 as on 24 Sep 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 4.5% over 1 year, 6.0% over 3 years and 6.2% 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 94 schemes with ₹6,09,561 Cr under management.