Franklin India Ultra Short to Short Term Fund vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Ultra Short to Short Term Fund is a Low Duration fund and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund. In the year to 30-10-2026, Franklin India Ultra Short to Short Term Fund (Direct) returned 6.1% and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) returned 5.6%. Franklin India Ultra Short to Short Term Fund charges 0.27% a year and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund 0.20% (Direct plans). Their portfolios overlap 14.8%: they hold 2 of the same securities.
Franklin India Ultra Short to Short Term Fund
Low Duration
- 1 year return
- 6.1%
- Expense ratio
- 0.27%
- NAV
- ₹11.21
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Index
- 1 year return
- 5.6%
- Expense ratio
- 0.20%
- NAV
- ₹11.65
Which is better, Franklin India Ultra Short to Short Term or Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027? 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 Ultra Short to Short Term returned more over 1 year: 6.1% against 5.6%.
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 costs less: 0.20% a year against 0.27% (Direct plans).
- Franklin India Ultra Short to Short Term fell less in its worst fall since 06-03-2025: −0.1% against −0.4%.
- Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 is the larger fund: ₹606 Cr against ₹338 Cr.
- Their portfolios overlap 14.8%: 2 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 Ultra Short to Short Term Fund | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Low Duration | Index |
| AUM | ₹338 Cr (30-09-2026) | ₹606 Cr (30-09-2026) |
| NAV | ₹11.21 (Direct) | ₹11.65 (Direct) |
| Expense ratio (Direct) | 0.27% | 0.20% |
| Expense ratio (Regular) | 0.72% | 0.39% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | CRISIL-IBX AAA Financial Services Index – Sep 2027 |
| Launch date | 05-03-2025 | 13-09-2024 |
| Minimum investment | 5000/1 | ₹100 |
| Lock in | None | None |
| Fund managers | Chandni Gupta, Rahul Goswami | Abhishek Bisen |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 30 days. |
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: 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 Ultra Short to Short Term Fund (Direct) | +0.32% | +1.21% | +2.90% | +6.07% | -- | -- | -- |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | +0.21% | +1.21% | +3.03% | +5.64% | -- | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | -- | -- | -- |
Category average: the average of the 25 Low Duration funds, same plan type.
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: Year-wise Returns
| Year | Franklin India Ultra Short to Short TermFranklin India Ultra Short to Short Term | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 |
|---|---|---|
| 2026to date | +5.05% | +4.65% |
| 2025 | -- | +8.50% |
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 157 of them, one for each trading day from 06-03-2026 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 Ultra Short to Short Term Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 6.0% | 8.0% |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.2% | 5.5% | 8.1% |
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 06-03-2025. Past returns do not promise future returns.
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: 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 06-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Ultra Short to Short TermFranklin India Ultra Short to Short Term Fund (Direct) | ₹2,00,000 | ₹2,11,002 | ₹11,002 | 6.3% |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | ₹2,00,000 | ₹2,10,635 | ₹10,635 | 6.1% |
Franklin India Ultra Short to Short TermFranklin India Ultra Short to Short Term Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 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 Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Ultra Short to Short Term Fund (Direct) | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.07% | +5.64% |
| Standard deviation | 0.58% | 0.77% |
| Sharpe ratio | 1.42 | 0.51 |
| Sortino ratio | 2.12 | 0.72 |
| Maximum drawdown | −0.1% (08-07-2026) | −0.4% (21-05-2026) |
| 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 Ultra Short to Short Term Fund (Direct) | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.14% | +7.36% |
| Standard deviation | 0.60% | 0.78% |
| Sharpe ratio | 2.85 | 2.14 |
| Sortino ratio | 4.92 | 3.44 |
| Maximum drawdown | −0.1% (08-07-2026) | −0.4% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-03-2025 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.
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 Ultra Short to Short Term Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Ultra Short to Short Term Fund (Direct) | −0.1% | 06-07-2026 | 08-07-2026 | 16-07-2026 | 8 days | 0.0% |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | −0.4% | 12-05-2026 | 21-05-2026 | 02-06-2026 | 12 days | −0.0% |
From daily values since 06-03-2025, 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 Ultra Short to Short Term Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Ultra Short to Short Term Fund, September 2026; Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund, September 2026
Holdings in common
- Overlap
- 14.8%
- Held by both
- 2
- Only in Franklin India Ultra Short to Short Term
- 16
- Only in Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027
- 15
| Security | % of Franklin India Ultra Short to Short Term | % of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 |
|---|---|---|
| 7.56% REC Ltd (31-Aug-2027) | 7.44% | 9.07% |
| 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) | 7.40% | 7.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.8% means 14.8% 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 Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 7.02% Punjab SDL (01-Jul-2030) | 9.17% |
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 7.87% |
| 7.25% RJ Corp Ltd (08-Dec-2028) | 7.63% |
| 7.9265% LIC Housing Finance (14-Jul-2027) | 7.52% |
| 7.05% Embassy Office Parks Reit (18-Oct-2026) | 7.39% |
Largest holdings only in Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD. | 11.59% |
| LIC HOUSING FINANCE LTD. | 8.18% |
| HDB FINANCIAL SERVICES LTD. | 7.81% |
| AXIS Finance Ltd. | 7.63% |
| ADITYA BIRLA HOUSING FINANCE LTD | 7.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Ultra Short to Short Term | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.0% | 94.8% |
| Cash and others | 7.0% | 5.2% |
Franklin India Ultra Short to Short Term vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Ultra Short to Short Term Fund | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.27% | 0.20% |
| Base expense ratio (Direct) | 0.22% | 0.17% |
| Total expense ratio (Regular) | 0.72% | 0.39% |
| Base expense ratio (Regular) | 0.61% | 0.33% |
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 Ultra Short to Short Term with
- Franklin India Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Franklin India Ultra Short to Short Term Fund vs Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund: Frequently Asked Questions
What is the difference between Franklin India Ultra Short to Short Term Fund and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
Franklin India Ultra Short to Short Term Fund is a Low Duration fund, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund, run by Franklin Templeton Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 14.8%. Franklin India Ultra Short to Short Term Fund charges 0.27% a year and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund 0.20%.
Which has given higher returns, Franklin India Ultra Short to Short Term Fund or Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
Over 1 year: Franklin India Ultra Short to Short Term Fund +6.07%, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund +5.64%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Ultra Short to Short Term Fund or Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges less: 0.20% a year against 0.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Ultra Short to Short Term Fund and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund overlap?
14.8%. They hold 2 of the same securities, the largest shared ones being 7.56% REC Ltd (31-Aug-2027), 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027). From each fund's latest monthly portfolio.
Can I invest in both Franklin India Ultra Short to Short Term Fund and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
Yes. 14.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Ultra Short to Short Term Fund and Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
Franklin India Ultra Short to Short Term Fund: Chandni Gupta, Rahul Goswami. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund: Abhishek Bisen.
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.