Kotak Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹3,578.12-0.06%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹3,393.28 — ₹3,581.17
- AUM
- ₹12,093 Cr
Kotak Ultra Short to Short Term Fund is a Low Duration debt fund from Kotak Mahindra Mutual Fund with ₹12,093 Cr under management, launched in 2008. Over three years it has returned 6.3% a year, against 6.8% for its category. The expense ratio is 1.18% and the SEBI riskometer reading is Low to Moderate.
Performance
Kotak Ultra Short to Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.5% against +5.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | −0.2 pts | 5.7% | 6.0% |
| 2Y | 5.9% | −0.2 pts | 6.2% | 6.2% |
| 3Y | 6.3% | −0.5 pts | 6.8% | 6.5% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.6% |
| 7Y | 6.1% | −0.2 pts | 6.3% | 6.2% |
| 10Y | 6.2% | 0.0 pts | 6.3% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | −0.1 pts | 0.4% | 0.4% |
| 3M | 1.2% | −0.1 pts | 1.3% | 1.3% |
| 6M | 2.9% | −0.3 pts | 3.2% | 3.2% |
| 1Y | 5.5% | −0.2 pts | 5.7% | 5.7% |
| 2Y | 6.4% | −0.1 pts | 6.6% | 6.6% |
| 3Y | 6.6% | −0.2 pts | 6.8% | 6.8% |
| 5Y | 5.9% | −0.2 pts | 6.1% | 6.1% |
| 7Y | 6.1% | −0.1 pts | 6.2% | 5.9% |
| 10Y | 6.5% | +0.3 pts | 6.3% | 6.2% |
Since launch (29 Feb 2008): 7.1%
Calendar-year returns
Category average7.9%
3.5%
3.9%
6.7%
7.3%
7.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.7 pts | 7.8% |
| 2024 | 7.3% | −0.6 pts | 7.8% |
| 2023 | 6.7% | −0.7 pts | 7.4% |
| 2022 | 3.9% | −0.7 pts | 4.6% |
| 2021 | 3.5% | −1.2 pts | 4.6% |
| 2020 | 7.9% | −0.8 pts | 8.7% |
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
1.18%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.00%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.18%
- Exit load
- Exit load of 0.25% if redeemed within 90 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Low Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt 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 | 1.13 | 1.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.62 | 2.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.71 | 0.64 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt97.9%
- Other2.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 6.65% | ₹804 Cr | +10.65% | +1.38% | +1.11% |
| JTPM Metal Traders Ltd. | Metals & Mining | 3.57% | ₹431 Cr | +3.14% | +2.54% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.71% | ₹328 Cr | +3.54% | +0.60% | +2.84% |
| Bajaj Housing Finance Ltd. | Financial | 2.53% | ₹307 Cr | +3.82% | +3.16% | +3.80% |
| Others | Others | 2.50% | ₹296 Cr | +0.99% | +0.78% | +0.81% |
| Union Bank of India | Financial | 2.00% | ₹242 Cr | +1.77% | +1.20% | +0.70% |
| Radhakrishna Securitisation Trust | Others | 1.68% | ₹204 Cr | +1.53% | +1.28% | — |
| Tata Capital Financial Services Ltd. | Financial | 1.67% | ₹201 Cr | +0.02% | +0.02% | +2.96% |
| Bharti Telecom Ltd. | Communication | 1.66% | ₹201 Cr | +1.50% | +1.23% | +1.49% |
| Power Finance Corporation Ltd. | Financial | 1.64% | ₹198 Cr | +1.48% | +1.22% | +0.74% |
| Karnataka State | Others | 1.62% | ₹195 Cr | +1.44% | +1.21% | — |
| Adani Power Ltd. | Energy | 1.56% | ₹189 Cr | +1.41% | +1.16% | — |
| Tamilnadu State | Others | 1.51% | ₹182 Cr | +0.01% | +0.01% | +0.01% |
| Embassy Office Parks REIT | Construction | 1.42% | ₹172 Cr | +2.19% | +1.83% | +1.08% |
| RJ Corp Ltd. | Consumer Staples | 1.25% | ₹152 Cr | +1.13% | +0.93% | — |
| REC Ltd. | Financial | 1.24% | ₹150 Cr | +0.74% | +1.22% | +0.74% |
| HDFC Bank Ltd. | Financial | 1.20% | ₹145 Cr | +1.06% | +0.86% | +2.09% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 1.02% | ₹124 Cr | +0.92% | +0.76% | +0.41% |
| Madhya Pradesh State | Others | 0.84% | ₹101 Cr | +1.88% | +1.56% | +1.87% |
| Can Fin Homes Ltd. | Financial | 0.83% | ₹100 Cr | +0.75% | +0.37% | +1.45% |
| Hinduja Leyland Finance Ltd. | Financial | 0.83% | ₹100 Cr | +0.75% | +0.61% | +0.74% |
| Kotak Mahindra Prime Ltd. | Financial | 0.83% | ₹100 Cr | +0.75% | +0.62% | +0.74% |
| Nexus Select Trust | Construction | 0.83% | ₹100 Cr | +0.74% | +0.61% | +0.74% |
| Piramal Finance Ltd. | Financial | 0.83% | ₹100 Cr | +0.75% | +0.61% | +0.74% |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 0.83% | ₹101 Cr | +0.75% | +0.62% | +0.74% |
| Vedanta Ltd. | Metals & Mining | 0.83% | ₹100 Cr | +0.75% | +0.61% | +0.74% |
| Muthoot Finance Ltd. | Financial | 0.82% | ₹99.44 Cr | +2.23% | +0.31% | +0.37% |
| Poonawalla Fincorp Ltd. | Financial | 0.82% | ₹99.65 Cr | — | — | — |
| DLF Cyber City Developers Ltd. | Construction | 0.81% | ₹98.40 Cr | +0.73% | +0.61% | +0.73% |
| Sundaram Finance Ltd. | Financial | 0.81% | ₹98.53 Cr | +0.72% | +0.58% | +0.07% |
| company:5721 | Financial | 0.81% | ₹98.22 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 0.78% | ₹94.62 Cr | — | — | — |
| Liquid Gold Series 9 | Financial | 0.56% | ₹67.22 Cr | +0.63% | +0.65% | +1.49% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.41% | ₹50.13 Cr | +1.49% | +1.23% | +1.49% |
| Axis Bank Ltd. | Financial | 0.41% | ₹49.07 Cr | — | — | +1.40% |
| Bajaj Finance Ltd. | Financial | 0.41% | ₹50.11 Cr | +0.37% | +0.62% | +0.75% |
| Goldman Sachs (India) Finance Pvt Ltd. | Financial | 0.41% | ₹49.85 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 0.41% | ₹50.08 Cr | +0.37% | +0.31% | +0.37% |
| PNB Housing Finance Ltd. | Financial | 0.41% | ₹50.17 Cr | +0.37% | +1.08% | +1.30% |
| Tata Capital Housing Finance Ltd. | Financial | 0.41% | ₹49.64 Cr | +0.37% | +0.28% | +0.33% |
| Bank Of Baroda | Financial | 0.40% | ₹48.29 Cr | +0.35% | +0.03% | — |
| Canara Bank | Financial | 0.40% | ₹48.66 Cr | +1.42% | +1.72% | +0.18% |
| Punjab National Bank | Financial | 0.40% | ₹48.29 Cr | +0.35% | +0.06% | — |
| Dhruva Trust | Others | 0.39% | ₹47.61 Cr | +0.40% | +0.37% | +0.53% |
| Liquid Gold Series 14 | Others | 0.37% | ₹44.82 Cr | +0.43% | +0.46% | — |
| India Universal Trust AL1 | Others | 0.34% | ₹40.89 Cr | +0.35% | +0.31% | +0.44% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.21% | ₹25.07 Cr | — | — | — |
| Mindspace Business Parks REIT | Construction | 0.21% | ₹25.07 Cr | +0.19% | +0.15% | +0.19% |
| company:5434 | Financial | 0.20% | ₹24.54 Cr | — | — | — |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.17% | ₹20.06 Cr | +0.15% | +0.12% | +0.15% |
| Sansar Trust | Others | 0.12% | ₹14.37 Cr | +0.17% | +0.20% | +0.45% |
| Aadhar Housing Finance Ltd | Financial | 0.08% | ₹10.04 Cr | +0.56% | +0.22% | +0.26% |
| Nirma Ltd. | Consumer Staples | 0.08% | ₹10.02 Cr | +0.07% | +0.06% | +0.07% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.02% | ₹3.00 Cr | +0.02% | +2.32% | +2.80% |
| Aditya Birla Finance Ltd. | Financial | 0.01% | ₹1.00 Cr | +0.01% | +0.01% | — |
| GOI | Sovereign | 0.01% | ₹1.55 Cr | +0.24% | +1.08% | +5.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Power Finance Corporation Ltd. | 0.01% | 1.64% | +1.63% |
| Small Industries Devp. Bank of India Ltd. | 2.00% | 1.17% | -0.83% |
| company:5721 | 0.00% | 0.81% | +0.81% |
| company:5434 | 0.00% | 0.20% | +0.20% |
| Liquid Gold Series 14 | 0.41% | 0.37% | -0.04% |
| Liquid Gold Series 9 | 0.60% | 0.56% | -0.04% |
| Sansar Trust | 0.14% | 0.12% | -0.02% |
| Dhruva Trust | 0.41% | 0.39% | -0.02% |
| India Universal Trust AL1 | 0.36% | 0.34% | -0.02% |
| Adani Power Ltd. | 1.57% | 1.56% | -0.01% |
| Aditya Birla Housing Finance Ltd. | 0.42% | 0.41% | -0.01% |
| Bajaj Finance Ltd. | 0.42% | 0.41% | -0.01% |
| Godrej Seeds & Genetics Ltd. | 1.03% | 1.02% | -0.01% |
| HDFC Bank Ltd. | 1.19% | 1.20% | +0.01% |
| LIC Housing Finance Ltd. | 0.42% | 0.41% | -0.01% |
| Muthoot Finance Ltd. | 0.83% | 0.82% | -0.01% |
| PNB Housing Finance Ltd. | 0.42% | 0.41% | -0.01% |
| Poonawalla Fincorp Ltd. | 0.83% | 0.82% | -0.01% |
| RJ Corp Ltd. | 1.26% | 1.25% | -0.01% |
| Radhakrishna Securitisation Trust | 1.69% | 1.68% | -0.01% |
| Tamilnadu State | 1.52% | 1.51% | -0.01% |
| Union Bank of India | 1.99% | 2.00% | +0.01% |
| Vedanta Ltd - Pref. Shares 7.50 | 0.84% | 0.83% | -0.01% |
| Axis Bank Ltd. | 0.40% | 0.41% | +0.01% |
| DLF Cyber City Developers Ltd. | 0.82% | 0.81% | -0.01% |
| Embassy Office Parks REIT | 0.82% | 0.81% | -0.01% |
| Bajaj Housing Finance Ltd. | 2.13% | 2.12% | -0.01% |
| JTPM Metal Traders Ltd. | 3.56% | 3.57% | +0.01% |
| Karnataka State | 1.63% | 1.62% | -0.01% |
| Aadhar Housing Finance Ltd | 0.08% | 0.08% | 0.00% |
| Aditya Birla Finance Ltd. | 0.01% | 0.01% | 0.00% |
| Bank Of Baroda | 0.40% | 0.40% | 0.00% |
| Bharti Telecom Ltd. | 1.66% | 1.66% | 0.00% |
| Can Fin Homes Ltd. | 0.83% | 0.83% | 0.00% |
| Canara Bank | 0.40% | 0.40% | 0.00% |
| GOI | 0.01% | 0.01% | 0.00% |
| Goldman Sachs (India) Finance Pvt Ltd. | 0.41% | 0.41% | 0.00% |
| Hinduja Leyland Finance Ltd. | 0.83% | 0.83% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.02% | 0.02% | 0.00% |
| Kotak Mahindra Prime Ltd. | 0.83% | 0.83% | 0.00% |
| Madhya Pradesh State | 0.84% | 0.84% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. | 0.21% | 0.21% | 0.00% |
| Mindspace Business Parks REIT | 0.21% | 0.21% | 0.00% |
| National Bank For Agriculture & Rural Development | 3.94% | 3.94% | 0.00% |
| Nexus Select Trust | 0.83% | 0.83% | 0.00% |
| Nirma Ltd. | 0.08% | 0.08% | 0.00% |
| Nomura Capital (India) Pvt Ltd. | 0.17% | 0.17% | 0.00% |
| Others | 0.36% | 0.36% | 0.00% |
| Piramal Finance Ltd. | 0.83% | 0.83% | 0.00% |
| Punjab National Bank | 0.40% | 0.40% | 0.00% |
| REC Ltd. | 0.41% | 0.41% | 0.00% |
| Sundaram Finance Ltd. | 0.81% | 0.81% | 0.00% |
| Tata Capital Financial Services Ltd. | 0.01% | 0.01% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.41% | 0.41% | 0.00% |
| The Federal Bank Ltd. | 0.78% | 0.78% | 0.00% |
| Vedanta Ltd. | 0.83% | 0.83% | 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 | ₹5,593 Cr | 0.45% | 6.2% | 6.8% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.2% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.2% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.2% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.3% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.2% | — | — |
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 in low duration debt and money market securities.
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.
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 months2.94% absolute | ₹60,000 | ₹61,764 | 2.94% | |
| 1 year5.45% annualised | ₹1,20,000 | ₹1,23,602 | 3.00% | |
| 3 years6.61% annualised | ₹3,60,000 | ₹3,99,158 | 10.88% | |
| 5 years5.90% annualised | ₹6,00,000 | ₹6,99,332 | 16.56% |
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 Ultra Short to Short Term Fund?
The NAV of Kotak Ultra Short to Short Term Fund is ₹3,578.12 as on 25 Sep 2026.
What is the expense ratio of Kotak Ultra Short to Short Term Fund?
The expense ratio of Kotak Ultra Short to Short Term Fund is 1.18% per year.
What is the minimum SIP amount for Kotak Ultra Short to Short Term Fund?
You can start a SIP in Kotak Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has Kotak Ultra Short to Short Term Fund given?
Kotak Ultra Short to Short Term Fund has returned 5.5% over 1 year, 6.3% over 3 years and 6.4% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Ultra Short to Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 90 days.
How risky is Kotak Ultra Short to Short Term Fund?
Kotak Ultra Short to Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Low Duration category.
Which fund house manages Kotak Ultra Short to Short Term Fund?
Kotak Ultra Short to Short Term Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.