Kotak Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,593.90+0.05%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹3,420.26 — ₹3,592.27
- AUM
- ₹12,566 Cr
Kotak Ultra Short to Short Term Fund is a Low Duration debt fund from Kotak Mahindra Mutual Fund with ₹12,566 Cr under management, launched in 2008. Over three years it has returned 6.0% a year, against 6.7% 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 +5.0% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.0% | −0.5 pts | 5.4% | 5.6% |
| 2Y | 5.5% | −0.3 pts | 5.9% | 6.0% |
| 3Y | 6.0% | −0.7 pts | 6.7% | 6.3% |
| 5Y | 6.3% | +0.2 pts | 6.1% | 6.5% |
| 7Y | 6.0% | −0.2 pts | 6.2% | 6.1% |
| 10Y | 6.2% | 0.0 pts | 6.2% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | −0.1 pts | 0.3% | 0.3% |
| 3M | 0.8% | −0.3 pts | 1.1% | 1.1% |
| 6M | 2.6% | −0.3 pts | 2.9% | 3.0% |
| 1Y | 5.0% | −0.4 pts | 5.4% | 5.5% |
| 2Y | 6.1% | −0.2 pts | 6.4% | 6.4% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.7% |
| 5Y | 5.9% | −0.2 pts | 6.1% | 6.1% |
| 7Y | 5.9% | −0.2 pts | 6.2% | 5.9% |
| 10Y | 6.4% | +0.2 pts | 6.2% | 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 3 Nov 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 | — | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.98 | 1.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.32 | 2.43 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.76 | 0.69 | 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 30 Sep 2026
Asset allocation
- Debt98.5%
- Other1.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 6.40% | ₹804 Cr | +12.42% | +9.36% | +1.08% |
| JTPM Metal Traders Ltd. | Metals & Mining | 3.44% | ₹432 Cr | +3.72% | +2.72% | +2.85% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.63% | ₹330 Cr | +4.16% | +1.26% | +1.38% |
| HDFC Bank Ltd. | Financial | 2.52% | ₹316 Cr | +1.25% | +0.92% | +2.04% |
| Bajaj Housing Finance Ltd. | Financial | 2.43% | ₹306 Cr | +4.48% | +3.36% | +3.70% |
| Union Bank of India | Financial | 1.93% | ₹243 Cr | +2.08% | — | +0.68% |
| Others | Others | 1.87% | ₹240 Cr | +1.14% | +0.84% | +0.78% |
| Tata Capital Financial Services Ltd. | Financial | 1.60% | ₹201 Cr | +0.02% | +0.02% | +0.02% |
| Vedanta Ltd. | Metals & Mining | 1.60% | ₹200 Cr | +1.74% | +1.32% | +1.44% |
| Bharti Telecom Ltd. | Communication | 1.59% | ₹200 Cr | +1.74% | +1.32% | +1.45% |
| Radhakrishna Securitisation Trust | Others | 1.59% | ₹200 Cr | +1.78% | +1.35% | +1.51% |
| Power Finance Corporation Ltd. | Financial | 1.58% | ₹198 Cr | +1.73% | +1.30% | +0.72% |
| Karnataka State | Others | 1.54% | ₹193 Cr | +1.71% | +1.28% | — |
| Adani Power Ltd. | Energy | 1.50% | ₹189 Cr | +1.66% | +1.24% | — |
| Tamilnadu State | Others | 1.43% | ₹180 Cr | +0.02% | +0.01% | +0.01% |
| Embassy Office Parks REIT | Construction | 1.37% | ₹172 Cr | +2.58% | +1.92% | +1.05% |
| REC Ltd. | Financial | 1.20% | ₹150 Cr | +0.88% | +0.66% | +0.72% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 0.98% | ₹123 Cr | +1.08% | +0.81% | +0.89% |
| Can Fin Homes Ltd. | Financial | 0.80% | ₹100 Cr | +0.87% | +0.66% | +0.43% |
| Hinduja Leyland Finance Ltd. | Financial | 0.80% | ₹99.92 Cr | +0.87% | +0.65% | +0.72% |
| Kotak Mahindra Prime Ltd. | Financial | 0.80% | ₹99.91 Cr | +0.87% | +0.66% | +0.72% |
| Madhya Pradesh State | Others | 0.80% | ₹101 Cr | +0.88% | +1.66% | +1.82% |
| Muthoot Finance Ltd. | Financial | 0.80% | ₹100 Cr | +0.44% | +0.33% | +0.36% |
| Nexus Select Trust | Construction | 0.80% | ₹100 Cr | +0.87% | +0.66% | +0.72% |
| Piramal Finance Ltd. | Financial | 0.80% | ₹100 Cr | +0.87% | +0.66% | +0.72% |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 0.80% | ₹101 Cr | +0.88% | +0.66% | +0.72% |
| Bajaj Finance Ltd. | Financial | 0.79% | ₹98.80 Cr | +0.88% | +1.32% | +1.46% |
| Poonawalla Fincorp Ltd. | Financial | 0.79% | ₹99.59 Cr | — | — | — |
| DLF Cyber City Developers Ltd. | Construction | 0.78% | ₹98.22 Cr | +0.86% | +0.65% | +0.71% |
| The Federal Bank Ltd. | Financial | 0.76% | ₹95.15 Cr | — | — | — |
| Liquid Gold Series 9 | Financial | 0.50% | ₹63.05 Cr | +0.68% | +0.64% | +1.34% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.48% | ₹60.13 Cr | +1.74% | +1.31% | +1.44% |
| Goldman Sachs (India) Finance Pvt Ltd. | Financial | 0.40% | ₹49.71 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 0.40% | ₹50.00 Cr | +0.44% | +0.33% | +0.36% |
| PNB Housing Finance Ltd. | Financial | 0.40% | ₹50.03 Cr | +0.44% | +1.15% | +1.26% |
| Canara Bank | Financial | 0.39% | ₹48.93 Cr | +1.67% | +1.86% | — |
| Punjab National Bank | Financial | 0.39% | ₹48.52 Cr | +0.41% | +3.09% | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.39% | ₹49.44 Cr | +0.43% | +0.30% | +0.32% |
| Dhruva Trust | Others | 0.36% | ₹45.21 Cr | +0.46% | +0.38% | +0.50% |
| Liquid Gold Series 14 | Others | 0.33% | ₹41.88 Cr | +0.47% | +0.44% | +0.93% |
| India Universal Trust AL1 | Others | 0.29% | ₹36.47 Cr | +0.39% | +0.32% | +0.41% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.20% | ₹25.01 Cr | — | — | — |
| Mindspace Business Parks REIT | Construction | 0.20% | ₹25.06 Cr | +0.22% | +0.16% | +0.18% |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.16% | ₹20.05 Cr | +0.17% | +0.13% | +0.14% |
| RJ Corp Ltd. | Consumer Staples | 0.14% | ₹17.92 Cr | +1.32% | +0.99% | — |
| Sansar Trust | Others | 0.10% | ₹12.02 Cr | +0.17% | +0.19% | +0.40% |
| Aadhar Housing Finance Ltd | Financial | 0.08% | ₹10.05 Cr | +0.09% | +0.23% | +0.25% |
| Aditya Birla Capital Ltd. | Financial | 0.08% | ₹9.75 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 0.08% | ₹9.81 Cr | — | — | +1.37% |
| Nirma Ltd. | Consumer Staples | 0.08% | ₹10.02 Cr | +0.09% | +0.07% | +0.07% |
| Bank Of Baroda | Financial | 0.04% | ₹4.94 Cr | +0.41% | +0.03% | — |
| Export-Import Bank Of India | Financial | 0.04% | ₹4.86 Cr | — | — | — |
| Aditya Birla Finance Ltd. | Financial | 0.01% | ₹1.00 Cr | +0.01% | +0.01% | +0.01% |
| GOI | Sovereign | 0.01% | ₹1.55 Cr | +0.01% | +1.24% | +3.17% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.20% | 2.52% | +1.32% |
| RJ Corp Ltd. | 1.25% | 0.14% | -1.11% |
| company:5085 | 0.81% | 0.00% | -0.81% |
| Export-Import Bank Of India | 0.81% | 0.04% | -0.77% |
| Bank Of Baroda | 0.40% | 0.04% | -0.36% |
| Axis Bank Ltd. | 0.41% | 0.08% | -0.33% |
| company:5434 | 0.20% | 0.00% | -0.20% |
| National Bank For Agriculture & Rural Development | 3.94% | 3.78% | -0.16% |
| JTPM Metal Traders Ltd. | 3.57% | 3.44% | -0.13% |
| Bajaj Housing Finance Ltd. | 2.12% | 2.03% | -0.09% |
| Radhakrishna Securitisation Trust | 1.68% | 1.59% | -0.09% |
| Karnataka State | 1.62% | 1.54% | -0.08% |
| Tamilnadu State | 1.51% | 1.43% | -0.08% |
| Aditya Birla Capital Ltd. | 0.00% | 0.08% | +0.08% |
| Union Bank of India | 2.00% | 1.93% | -0.07% |
| Aditya Birla Housing Finance Ltd. | 0.41% | 0.48% | +0.07% |
| Bharti Telecom Ltd. | 1.66% | 1.59% | -0.07% |
| Adani Power Ltd. | 1.56% | 1.50% | -0.06% |
| Liquid Gold Series 9 | 0.56% | 0.50% | -0.06% |
| Power Finance Corporation Ltd. | 1.64% | 1.58% | -0.06% |
| India Universal Trust AL1 | 0.34% | 0.29% | -0.05% |
| Godrej Seeds & Genetics Ltd. | 1.02% | 0.98% | -0.04% |
| Liquid Gold Series 14 | 0.37% | 0.33% | -0.04% |
| Madhya Pradesh State | 0.84% | 0.80% | -0.04% |
| DLF Cyber City Developers Ltd. | 0.81% | 0.78% | -0.03% |
| Dhruva Trust | 0.39% | 0.36% | -0.03% |
| Embassy Office Parks REIT | 0.81% | 0.78% | -0.03% |
| Small Industries Devp. Bank of India Ltd. | 1.17% | 1.14% | -0.03% |
| Can Fin Homes Ltd. | 0.83% | 0.80% | -0.03% |
| Hinduja Leyland Finance Ltd. | 0.83% | 0.80% | -0.03% |
| Kotak Mahindra Prime Ltd. | 0.83% | 0.80% | -0.03% |
| Nexus Select Trust | 0.83% | 0.80% | -0.03% |
| Piramal Finance Ltd. | 0.83% | 0.80% | -0.03% |
| Poonawalla Fincorp Ltd. | 0.82% | 0.79% | -0.03% |
| Vedanta Ltd - Pref. Shares 7.50 | 0.83% | 0.80% | -0.03% |
| Vedanta Ltd. | 0.83% | 0.80% | -0.03% |
| The Federal Bank Ltd. | 0.78% | 0.76% | -0.02% |
| company:11779 | 0.02% | 0.00% | -0.02% |
| Sansar Trust | 0.12% | 0.10% | -0.02% |
| Bajaj Finance Ltd. | 0.41% | 0.39% | -0.02% |
| Tata Capital Housing Finance Ltd. | 0.41% | 0.39% | -0.02% |
| Muthoot Finance Ltd. | 0.82% | 0.80% | -0.02% |
| Canara Bank | 0.40% | 0.39% | -0.01% |
| Nomura Capital (India) Pvt Ltd. | 0.17% | 0.16% | -0.01% |
| Others | 0.36% | 0.35% | -0.01% |
| Punjab National Bank | 0.40% | 0.39% | -0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.21% | 0.20% | -0.01% |
| Mindspace Business Parks REIT | 0.21% | 0.20% | -0.01% |
| Goldman Sachs (India) Finance Pvt Ltd. | 0.41% | 0.40% | -0.01% |
| LIC Housing Finance Ltd. | 0.41% | 0.40% | -0.01% |
| PNB Housing Finance Ltd. | 0.41% | 0.40% | -0.01% |
| REC Ltd. | 0.41% | 0.40% | -0.01% |
| Aadhar Housing Finance Ltd | 0.08% | 0.08% | 0.00% |
| Aditya Birla Finance Ltd. | 0.01% | 0.01% | 0.00% |
| GOI | 0.01% | 0.01% | 0.00% |
| Nirma Ltd. | 0.08% | 0.08% | 0.00% |
| Tata Capital Financial Services Ltd. | 0.01% | 0.01% | 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 | ₹4,924 Cr | 0.49% | 5.9% | 6.6% | 6.8% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹17,294 Cr | 0.53% | 5.8% | 6.8% | 7.0% |
 Tata Ultra Short to Short Term Fund | ₹2,665 Cr | 0.57% | 5.9% | 6.5% | 6.6% |
 UTI Ultra Short to Short Term Fund | ₹2,604 Cr | 0.65% | 5.8% | 6.7% | 6.8% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,942 Cr | 0.36% | 5.9% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹114 Cr | 0.32% | 5.9% | — | — |
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 months2.60% absolute | ₹60,000 | ₹61,560 | 2.60% | |
| 1 year5.03% annualised | ₹1,20,000 | ₹1,23,320 | 2.77% | |
| 3 years6.53% annualised | ₹3,60,000 | ₹3,98,653 | 10.74% | |
| 5 years5.92% annualised | ₹6,00,000 | ₹6,99,703 | 16.62% |
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 ₹3,593.90 as on 9 Nov 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 5.0% over 1 year, 6.0% over 3 years and 6.3% 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 97 schemes with ₹6,34,000 Cr under management.