HDFC Short Term Fund vs Kotak Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Short Term Fund is a Short Duration fund and Kotak Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, HDFC Short Term Fund (Direct) returned 7.2% a year and Kotak Corporate Bond Fund (Direct) returned 7.1% a year. HDFC Short Term Fund charges 0.39% a year and Kotak Corporate Bond Fund 0.36% (Direct plans). Their portfolios overlap 19.1%: they hold 24 of the same securities.
HDFC Short Term Fund
Short Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.39%
- NAV
- ₹35.30
Kotak Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.1%
- Expense ratio
- 0.36%
- NAV
- ₹4,190.39
Which is better, HDFC Short Term 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.
- HDFC Short Term returned more over 5 years: 6.5% a year against 6.3%.
- HDFC Short Term returned more over 3 years: 7.2% a year against 7.1%.
- Kotak Corporate Bond costs less: 0.36% a year against 0.39% (Direct plans).
- HDFC Short Term swung less over 3 years: a standard deviation of 0.9% a year against 1.1%.
- Kotak Corporate Bond fell less in its worst fall since 02-02-2015: −1.9% against −2.7%.
- Kotak Corporate Bond is the larger fund: ₹14,791 Cr against ₹14,219 Cr.
- Their portfolios overlap 19.1%: 24 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 | HDFC Short Term Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Short Duration | Corporate Bond |
| AUM | ₹14,219 Cr (30-09-2026) | ₹14,791 Cr (30-09-2026) |
| NAV | ₹35.30 (Direct) | ₹4,190.39 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.36% |
| Expense ratio (Regular) | 0.67% | 0.69% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Short Duration Debt A-II Index | NIFTY Corporate Bond Index A-II |
| Launch date | 25-06-2010 | 21-09-2007 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Anil Bamboli, Gopal Agrawal | Deepak Agrawal, Manu Sharma |
| Exit load | NIL | Nil |
HDFC Short Term 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 |
|---|---|---|---|---|---|---|---|
| HDFC Short Term Fund (Direct) | −0.26% | +0.03% | +2.26% | +4.26% | +7.22% | +6.46% | +7.24% |
| Kotak Corporate Bond Fund (Direct) | −0.26% | −0.07% | +2.21% | +3.84% | +7.11% | +6.31% | +7.14% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 25 Short Duration funds and the 21 Corporate Bond funds, same plan type.
HDFC Short Term vs Kotak Corporate Bond: Year-wise Returns
| Year | HDFC Short TermHDFC Short Term | Kotak Corporate BondKotak Corporate Bond |
|---|---|---|
| 2026to date | +3.43% | +3.08% |
| 2025 | +8.19% | +8.18% |
| 2024 | +8.51% | +8.64% |
| 2023 | +7.59% | +7.23% |
| 2022 | +3.98% | +4.05% |
| 2021 | +4.40% | +4.14% |
HDFC Short Term vs Kotak Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,114 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.
HDFC Short Term 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.8% | 5.2% | 9.5% |
| 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.
HDFC Short Term 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 |
|---|---|---|---|---|
| HDFC Short TermHDFC Short Term Fund (Direct) | ₹14,10,000 | ₹21,75,893 | ₹7,65,893 | 7.1% |
| Kotak Corporate BondKotak Corporate Bond Fund (Direct) | ₹14,10,000 | ₹21,53,779 | ₹7,43,779 | 7.0% |
HDFC Short TermHDFC Short Term 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.
HDFC Short Term vs Kotak Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.26% | +3.84% |
| Standard deviation | 1.16% | 1.35% |
| Sharpe ratio | -0.85 | -1.04 |
| Sortino ratio | -1.13 | -1.40 |
| Maximum drawdown | −0.6% (23-10-2026) | −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 | HDFC Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.22% | +7.11% |
| Standard deviation | 0.92% | 1.10% |
| Sharpe ratio | 1.29 | 0.98 |
| Sortino ratio | 1.91 | 1.44 |
| Maximum drawdown | −0.6% (23-10-2026) | −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 | HDFC Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.46% | +6.31% |
| Standard deviation | 0.92% | 1.04% |
| Sharpe ratio | 0.72 | 0.49 |
| Sortino ratio | 0.99 | 0.68 |
| Maximum drawdown | −0.9% (06-05-2022) | −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 | HDFC Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.83% | +7.40% |
| Standard deviation | 1.31% | 1.12% |
| Sharpe ratio | 1.36 | 1.56 |
| Sortino ratio | 2.08 | 2.50 |
| Maximum drawdown | −2.7% (24-03-2020) | −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.
HDFC Short Term 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 |
|---|---|---|---|---|---|---|
| HDFC Short Term Fund (Direct) | −2.7% | 06-03-2020 | 24-03-2020 | 31-03-2020 | 7 days | −0.5% |
| 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.
HDFC Short Term 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.
HDFC Short Term 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.
HDFC Short Term Fund (Direct)
Kotak Corporate Bond Fund (Direct)
HDFC Short Term vs Kotak Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Short Term Fund, September 2026; Kotak Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 19.1%
- Held by both
- 24
- Only in HDFC Short Term
- 117
- Only in Kotak Corporate Bond
- 78
| Security | % of HDFC Short Term | % of Kotak Corporate Bond |
|---|---|---|
| National Bank for Agri & Rural Dev. | 2.22% | 3.37% |
| Pipeline Infrastructure Pvt. Ltd. | 1.73% | 1.68% |
| Jamnagar Utilities & Power Pvt. Limited | 2.46% | 1.35% |
| Housing and Urban Development Corporation Ltd. | 1.21% | 1.66% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 2.35% | 1.13% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.51% | 1.10% |
| National Bank for Agri & Rural Dev. | 1.05% | 1.31% |
| Small Industries Development Bank | 1.04% | 3.18% |
| REC Limited. | 1.37% | 0.98% |
| LIC Housing Finance Ltd. | 0.70% | 0.84% |
| Tata Capital Ltd. | 0.70% | 1.01% |
| Small Industries Development Bank | 0.69% | 1.00% |
| Small Industries Development Bank | 0.69% | 1.32% |
| SMFG India Credit Company Ltd | 0.70% | 0.68% |
| India Universal Trust AL1 (Originator - HDFC Bank Limited) | 0.61% | 1.13% |
| India Universal Trust AL2 (Originator - HDFC Bank Limited) | 0.64% | 0.58% |
| REC Limited. | 0.52% | 1.35% |
| Corporate Debt Market Development Fund | 0.37% | 0.37% |
| Power Finance Corporation Ltd. | 0.35% | 1.78% |
| Small Industries Development Bank | 0.35% | 1.33% |
| Small Industries Development Bank | 0.52% | 0.33% |
| Bank of Baroda | 0.34% | 0.33% |
| TATA Capital Housing Finance Ltd. | 0.29% | 0.34% |
| Bajaj Housing Finance Ltd. | 0.17% | 1.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.1% means 19.1% 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 HDFC Short Term Fund
| Security | % of fund |
|---|---|
| Jubilant Beverages Limited | 3.03% |
| JTPM Metal Traders Limited | 2.73% |
| ADITYA BIRLA RENEWABLES LIMITED | 2.18% |
| National Bank for Agri & Rural Dev. | 1.93% |
| Tata Communications Limited | 1.73% |
Largest holdings only in Kotak Corporate Bond Fund
| Security | % of fund |
|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.53% |
| BAJAJ FINANCE LTD. | 2.94% |
| Power Finance Corporation Ltd. | 2.64% |
| Karnataka State Govt - 2036 - Karnataka | 2.37% |
| Mahindra & Mahindra Financial Services Ltd. | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Short Term | Kotak Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.2% | 93.4% |
| Cash and others | 5.8% | 6.6% |
HDFC Short Term vs Kotak Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Short Term Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.36% |
| Base expense ratio (Direct) | 0.33% | 0.31% |
| Total expense ratio (Regular) | 0.67% | 0.69% |
| Base expense ratio (Regular) | 0.57% | 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 HDFC Short Term with
HDFC Short Term Fund vs Kotak Corporate Bond Fund: Frequently Asked Questions
What is the difference between HDFC Short Term Fund and Kotak Corporate Bond Fund?
HDFC Short Term Fund is a Short Duration fund, Kotak Corporate Bond Fund is a Corporate Bond fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 19.1%. HDFC Short Term Fund charges 0.39% a year and Kotak Corporate Bond Fund 0.36%.
Which has given higher returns, HDFC Short Term Fund or Kotak Corporate Bond Fund?
Over 1 year: HDFC Short Term Fund +4.26%, Kotak Corporate Bond Fund +3.84%. Over 3 years: HDFC Short Term Fund +7.22% a year, Kotak Corporate Bond Fund +7.11% a year. Over 5 years: HDFC Short Term Fund +6.46% 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, HDFC Short Term Fund or Kotak Corporate Bond Fund?
Kotak Corporate Bond Fund charges less: 0.36% a year against 0.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Short Term Fund and Kotak Corporate Bond Fund overlap?
19.1%. They hold 24 of the same securities, the largest shared ones being National Bank for Agri & Rural Dev., Pipeline Infrastructure Pvt. Ltd., Jamnagar Utilities & Power Pvt. Limited. From each fund's latest monthly portfolio.
Which is riskier, HDFC Short Term Fund or Kotak Corporate Bond Fund?
On SEBI's riskometer, HDFC Short Term Fund is rated Moderate and Kotak Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.92% and 1.10% a year.
Which is better for SIP, HDFC Short Term 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 ₹7,24,115 in HDFC Short Term Fund (XIRR 6.7% 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 HDFC Short Term Fund and Kotak Corporate Bond Fund?
Yes. 19.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Short Term Fund and Kotak Corporate Bond Fund?
HDFC Short Term Fund: Anil Bamboli, Gopal Agrawal. 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.