Franklin India Corporate Bond Fund vs Kotak Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Corporate Bond Fund and Kotak Corporate Bond Fund are both Corporate Bond funds. In the 3 years to 30-10-2026, Franklin India Corporate Bond Fund (Direct) returned 7.8% a year and Kotak Corporate Bond Fund (Direct) returned 7.1% a year. Franklin India Corporate Bond Fund charges 0.26% a year and Kotak Corporate Bond Fund 0.36% (Direct plans). Their portfolios overlap 6.7%: they hold 7 of the same securities.
Franklin India Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.8%
- Expense ratio
- 0.26%
- NAV
- ₹116.37
Kotak Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.1%
- Expense ratio
- 0.36%
- NAV
- ₹4,190.39
Which is better, Franklin India Corporate Bond or Kotak Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Corporate Bond returned more over 5 years: 6.7% a year against 6.3%.
- Franklin India Corporate Bond returned more over 3 years: 7.8% a year against 7.1%.
- Franklin India Corporate Bond costs less: 0.26% a year against 0.36% (Direct plans).
- Kotak Corporate Bond swung less over 3 years: a standard deviation of 1.1% a year against 1.2%.
- Kotak Corporate Bond fell less in its worst fall since 02-02-2015: −1.9% against −3.7%.
- Kotak Corporate Bond is the larger fund: ₹14,791 Cr against ₹1,409 Cr.
- Their portfolios overlap 6.7%: 7 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Franklin India Corporate Bond Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Corporate Bond | Corporate Bond |
| AUM | ₹1,409 Cr (30-09-2026) | ₹14,791 Cr (30-09-2026) |
| NAV | ₹116.37 (Direct) | ₹4,190.39 (Direct) |
| Expense ratio (Direct) | 0.26% | 0.36% |
| Expense ratio (Regular) | 0.77% | 0.69% |
| Riskometer | Not available | Moderate |
| Benchmark | NIFTY Corporate Bond Index A-II | NIFTY Corporate Bond Index A-II |
| Launch date | 23-06-1997 | 21-09-2007 |
| Minimum investment | Plan A: 10000/1 | ₹100 |
| Lock in | None | None |
| Fund managers | Anuj Tagra, Chandni Gupta, Rahul Goswami | Deepak Agrawal, Manu Sharma |
| Exit load | Nil | Nil |
Franklin India Corporate Bond vs Kotak Corporate Bond: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Franklin India Corporate Bond Fund (Direct) | −0.02% | +0.64% | +2.59% | +5.32% | +7.80% | +6.72% | +7.49% |
| Kotak Corporate Bond Fund (Direct) | −0.26% | −0.07% | +2.21% | +3.84% | +7.11% | +6.31% | +7.14% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 21 Corporate Bond funds, same plan type.
Franklin India Corporate Bond vs Kotak Corporate Bond: Year-wise Returns
| Year | Franklin IndiaFranklin India Corporate Bond | KotakKotak Corporate Bond |
|---|---|---|
| 2026to date | +4.21% | +3.08% |
| 2025 | +9.70% | +8.18% |
| 2024 | +8.21% | +8.64% |
| 2023 | +7.12% | +7.23% |
| 2022 | +3.73% | +4.05% |
| 2021 | +4.34% | +4.14% |
Franklin India Corporate Bond vs Kotak Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,113 of them, one for each trading day from 02-02-2018 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin India Corporate Bond Fund (Direct)
Kotak Corporate Bond Fund (Direct)
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Mar 2020
to
Mar 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Corporate Bond | 0.0 | 0.9 | 99.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 8.2% | 5.0% | 9.7% |
| Kotak Corporate Bond | 0.0 | 0.2 | 99.8 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 8.0% | 5.0% | 9.3% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-02-2015. Past returns do not promise future returns.
Franklin India Corporate Bond vs Kotak Corporate Bond: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Corporate BondFranklin India Corporate Bond Fund (Direct) | ₹14,10,000 | ₹22,02,678 | ₹7,92,678 | 7.3% |
| Kotak Corporate BondKotak Corporate Bond Fund (Direct) | ₹14,10,000 | ₹21,53,779 | ₹7,43,779 | 7.0% |
Franklin India Corporate BondFranklin India Corporate Bond Fund (Direct)
Kotak Corporate BondKotak Corporate Bond Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin India Corporate Bond vs Kotak Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Corporate Bond Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.32% | +3.84% |
| Standard deviation | 0.99% | 1.35% |
| Sharpe ratio | 0.08 | -1.04 |
| Sortino ratio | 0.11 | -1.40 |
| Maximum drawdown | −0.6% (02-04-2026) | −0.7% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India Corporate Bond Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.80% | +7.11% |
| Standard deviation | 1.20% | 1.10% |
| Sharpe ratio | 1.49 | 0.98 |
| Sortino ratio | 2.92 | 1.44 |
| Maximum drawdown | −0.6% (02-04-2026) | −0.7% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India Corporate Bond Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.72% | +6.31% |
| Standard deviation | 1.05% | 1.04% |
| Sharpe ratio | 0.87 | 0.49 |
| Sortino ratio | 1.49 | 0.68 |
| Maximum drawdown | −0.8% (09-05-2022) | −1.0% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India Corporate Bond Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.25% | +7.40% |
| Standard deviation | 2.23% | 1.12% |
| Sharpe ratio | 0.98 | 1.56 |
| Sortino ratio | 1.46 | 2.50 |
| Maximum drawdown | −7.4% (19-08-2013) | −1.9% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Franklin India Corporate Bond Fund (Direct)
Kotak Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Corporate Bond Fund (Direct) | −3.7% | 06-03-2020 | 26-03-2020 | 17-06-2020 | 3 months | −0.2% |
| Kotak Corporate Bond Fund (Direct) | −1.9% | 06-03-2020 | 24-03-2020 | 30-03-2020 | 6 days | −0.6% |
From daily values since 02-02-2015, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Corporate Bond Fund (Direct)
Kotak Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Corporate Bond Fund (Direct)
Kotak Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Corporate Bond Fund (Direct)
Kotak Corporate Bond Fund (Direct)
Franklin India Corporate Bond vs Kotak Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Corporate Bond Fund, September 2026; Kotak Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 6.7%
- Held by both
- 7
- Only in Franklin India Corporate Bond
- 36
- Only in Kotak Corporate Bond
- 95
| Security | % of Franklin India Corporate Bond | % of Kotak Corporate Bond |
|---|---|---|
| 7.82% Bajaj Finance Ltd (31-Jan-2034) | 1.86% | 2.94% |
| 7.90% Jamnagar Utilities & Power Pvt Ltd (10-Aug-2028) | 5.38% | 1.35% |
| 7.21% Embassy Office Parks Reit (17-Mar-2028) | 3.52% | 1.17% |
| 7.55% REC Ltd (31-Mar-2028) | 1.10% | 0.98% |
| Mahindra & Mahindra Financial Services Ltd (3M Tbill + 210bps) (18-May-2029) | 3.65% | 0.68% |
| 7.65% Bihar SDL (24-DEC-2033) | 0.68% | 0.34% |
| Corporate Debt Market Development Fund Class A2 | 0.27% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.7% means 6.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Franklin India Corporate Bond Fund
| Security | % of fund |
|---|---|
| 7.79% Small Industries Development Bank Of India (19-Apr-2027) | 5.73% |
| 7.80% National Bank For Agriculture & Rural Development (15-Mar-2027) | 5.56% |
| 7.55% Poonawalla Fincorp Ltd (25-Mar-2027) | 4.38% |
| 7.25% RJ Corp Ltd (08-Dec-2028) | 4.03% |
| 7.9265% LIC Housing Finance (14-Jul-2027) | 3.97% |
Largest holdings only in Kotak Corporate Bond Fund
| Security | % of fund |
|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.53% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.37% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 3.18% |
| Power Finance Corporation Ltd. | 2.64% |
| Karnataka State Govt - 2036 - Karnataka | 2.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Corporate Bond | Kotak Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 91.1% | 93.4% |
| Cash and others | 8.9% | 6.6% |
Franklin India Corporate Bond vs Kotak Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Corporate Bond Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.26% | 0.36% |
| Base expense ratio (Direct) | 0.21% | 0.31% |
| Total expense ratio (Regular) | 0.77% | 0.69% |
| Base expense ratio (Regular) | 0.65% | 0.59% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Franklin India Corporate Bond with
Franklin India Corporate Bond Fund vs Kotak Corporate Bond Fund: Frequently Asked Questions
What is the difference between Franklin India Corporate Bond Fund and Kotak Corporate Bond Fund?
Both are Corporate Bond funds, run by Franklin Templeton Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 6.7%. Franklin India Corporate Bond Fund charges 0.26% a year and Kotak Corporate Bond Fund 0.36%.
Which has given higher returns, Franklin India Corporate Bond Fund or Kotak Corporate Bond Fund?
Over 1 year: Franklin India Corporate Bond Fund +5.32%, Kotak Corporate Bond Fund +3.84%. Over 3 years: Franklin India Corporate Bond Fund +7.80% a year, Kotak Corporate Bond Fund +7.11% a year. Over 5 years: Franklin India Corporate Bond Fund +6.72% a year, Kotak Corporate Bond Fund +6.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Corporate Bond Fund or Kotak Corporate Bond Fund?
Franklin India Corporate Bond Fund charges less: 0.26% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Corporate Bond Fund and Kotak Corporate Bond Fund overlap?
6.7%. They hold 7 of the same securities, the largest shared ones being 7.82% Bajaj Finance Ltd (31-Jan-2034), 7.90% Jamnagar Utilities & Power Pvt Ltd (10-Aug-2028), 7.21% Embassy Office Parks Reit (17-Mar-2028). From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Corporate Bond Fund or Kotak Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,34,236 in Franklin India Corporate Bond Fund (XIRR 7.2% a year) and ₹7,21,097 in Kotak Corporate Bond Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Corporate Bond Fund and Kotak Corporate Bond Fund?
Yes. 6.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Franklin India Corporate Bond Fund and Kotak Corporate Bond Fund?
Franklin India Corporate Bond Fund: Anuj Tagra, Chandni Gupta, Rahul Goswami. Kotak Corporate Bond Fund: Deepak Agrawal, Manu Sharma.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.