ICICI Prudential Floating Interest Rates Fund vs Kotak Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Floating Interest Rates Fund is a Floater fund and Kotak Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, ICICI Prudential Floating Interest Rates Fund (Direct) returned 7.5% a year and Kotak Short Term Fund (Direct) returned 7.2% a year. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and Kotak Short Term Fund 0.38% (Direct plans). Their portfolios overlap 16.3%: they hold 23 of the same securities.
ICICI Prudential Floating Interest Rates Fund
Floater
- 3 year return
- 7.5%
- Expense ratio
- 0.29%
- NAV
- ₹501.30
Kotak Short Term Fund
Short Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.38%
- NAV
- ₹61.26
Which is better, ICICI Prudential Floating Interest Rates or Kotak Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Floating Interest Rates returned more over 5 years: 7.0% a year against 6.3%.
- ICICI Prudential Floating Interest Rates returned more over 3 years: 7.5% a year against 7.2%.
- ICICI Prudential Floating Interest Rates costs less: 0.29% a year against 0.38% (Direct plans).
- ICICI Prudential Floating Interest Rates swung less over 3 years: a standard deviation of 0.8% a year against 1.0%.
- ICICI Prudential Floating Interest Rates fell less in its worst fall since 02-01-2013: −1.8% against −3.0%.
- Kotak Short Term is the larger fund: ₹14,241 Cr against ₹8,658 Cr.
- Their portfolios overlap 16.3%: 23 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 | ICICI Prudential Floating Interest Rates Fund | Kotak Short Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Floater | Short Duration |
| AUM | ₹8,658 Cr (30-09-2026) | ₹14,241 Cr (30-09-2026) |
| NAV | ₹501.30 (Direct) | ₹61.26 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.38% |
| Expense ratio (Regular) | 0.85% | 1.12% |
| Riskometer | Not available | Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | NIFTY Short Duration Debt Index A-II |
| Launch date | 17-11-2005 | 02-05-2002 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Darshil Dedhia, Ritesh Lunawat | Deepak Agrawal, Abhishek Bisen |
| Exit load | Nil | Nil |
ICICI Prudential Floating Interest Rates vs Kotak Short Term: 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates Fund (Direct) | −0.23% | +0.39% | +2.53% | +5.56% | +7.53% | +6.97% | +7.52% |
| Kotak Short Term Fund (Direct) | −0.17% | +0.25% | +2.38% | +4.35% | +7.23% | +6.35% | +7.16% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 12 Floater funds and the 25 Short Duration funds, same plan type.
ICICI Prudential Floating Interest Rates vs Kotak Short Term: Year-wise Returns
| Year | ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates | Kotak Short TermKotak Short Term |
|---|---|---|
| 2026to date | +4.26% | +3.54% |
| 2025 | +8.41% | +8.09% |
| 2024 | +8.68% | +8.56% |
| 2023 | +8.46% | +7.31% |
| 2022 | +5.00% | +3.85% |
| 2021 | +4.54% | +4.13% |
ICICI Prudential Floating Interest Rates vs Kotak Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 of them, one for each trading day from 04-01-2016 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1% | 8.3% | 6.0% | 10.0% |
| Kotak Short Term | 0.0 | 0.9 | 93.6 | 5.5 | 0.0 | 0.0 | 0.0 | 7.9% | 8.1% | 4.9% | 10.8% |
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 02-01-2013. Past returns do not promise future returns.
ICICI Prudential Floating Interest Rates vs Kotak Short Term: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹28,94,539 | ₹12,34,539 | 7.7% |
| Kotak Short TermKotak Short Term Fund (Direct) | ₹16,60,000 | ₹28,21,774 | ₹11,61,774 | 7.3% |
ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short TermKotak Short Term 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.
ICICI Prudential Floating Interest Rates vs Kotak Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Floating Interest Rates Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.56% | +4.35% |
| Standard deviation | 1.02% | 1.13% |
| Sharpe ratio | 0.31 | -0.79 |
| Sortino ratio | 0.45 | -1.09 |
| Maximum drawdown | −0.5% (23-10-2026) | −0.5% (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 | ICICI Prudential Floating Interest Rates Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.53% | +7.23% |
| Standard deviation | 0.77% | 0.95% |
| Sharpe ratio | 1.95 | 1.27 |
| Sortino ratio | 3.11 | 1.93 |
| Maximum drawdown | −0.5% (23-10-2026) | −0.5% (21-05-2026) |
| 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 | ICICI Prudential Floating Interest Rates Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.35% |
| Standard deviation | 0.90% | 0.99% |
| Sharpe ratio | 1.29 | 0.56 |
| Sortino ratio | 1.95 | 0.77 |
| Maximum drawdown | −0.9% (28-06-2022) | −1.3% (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 | ICICI Prudential Floating Interest Rates Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +7.81% |
| Standard deviation | 0.93% | 1.43% |
| Sharpe ratio | 2.21 | 1.23 |
| Sortino ratio | 3.71 | 1.80 |
| Maximum drawdown | −1.8% (26-03-2020) | −3.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates Fund (Direct) | −1.8% | 05-03-2020 | 26-03-2020 | 31-03-2020 | 5 days | −0.3% |
| Kotak Short Term Fund (Direct) | −3.0% | 19-06-2013 | 19-08-2013 | 04-10-2013 | 46 days | −0.3% |
From daily values since 02-01-2013, 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short Term 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short Term 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Kotak Short Term Fund (Direct)
ICICI Prudential Floating Interest Rates vs Kotak Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Floating Interest Rates Fund, September 2026; Kotak Short Term Fund, September 2026
Holdings in common
- Overlap
- 16.3%
- Held by both
- 23
- Only in ICICI Prudential Floating Interest Rates
- 62
- Only in Kotak Short Term
- 69
| Security | % of ICICI Prudential Floating Interest Rates | % of Kotak Short Term |
|---|---|---|
| NABARD | 4.95% | 2.66% |
| NABARD | 1.55% | 4.23% |
| Small Industries Development Bank Of India. | 1.37% | 2.78% |
| Shivshakti Securitisation Trust | 1.93% | 1.07% |
| Siddhivinayak Securitisation Trust | 1.38% | 1.07% |
| Rural Electrification Corporation Ltd. | 2.59% | 1.05% |
| Housing and Urban Development Corporation Ltd. | 1.02% | 1.73% |
| Small Industries Development Bank Of India. | 0.90% | 1.37% |
| Tata Capital Financial Services Ltd. | 2.88% | 0.70% |
| Mahindra & Mahindra Financial Services Ltd. | 1.73% | 0.70% |
| Jio Credit Ltd | 1.71% | 0.69% |
| Rural Electrification Corporation Ltd. | 1.54% | 0.69% |
| India Universal Trust AL2 | 0.49% | 0.39% |
| Corporate Debt Market Development Fund (Class A2) | 0.41% | 0.37% |
| LIC Housing Finance Ltd. | 1.38% | 0.35% |
| Bharti Telecom Ltd. | 0.34% | 0.52% |
| Small Industries Development Bank Of India. | 0.29% | 2.13% |
| India Universal Trust AL2 | 0.28% | 0.32% |
| Knowledge Realty Trust Ltd | 0.26% | 2.08% |
| State Government of Karnataka | 0.25% | 0.51% |
| Rural Electrification Corporation Ltd. | 1.43% | 0.17% |
| NABARD | 1.73% | 0.04% |
| Sansar Trust June 2024 A1 | 0.13% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.3% means 16.3% 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 ICICI Prudential Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| Government Securities | 4.16% |
| Citicorp Finance (India) Ltd. | 3.02% |
| LIC Housing Finance Ltd. | 2.71% |
| Power Finance Corporation Ltd. | 2.59% |
| Power Finance Corporation Ltd. | 2.52% |
Largest holdings only in Kotak Short Term Fund
| Security | % of fund |
|---|---|
| LIC HOUSING FINANCE LTD. | 3.47% |
| Power Finance Corporation Ltd.(^) | 3.33% |
| MINDSPACE BUSINESS PARKS REIT | 2.83% |
| BROOKFIELD REIT | 2.76% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 2.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Floating Interest Rates | Kotak Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.7% | 91.9% |
| Cash and others | 4.3% | 8.1% |
ICICI Prudential Floating Interest Rates vs Kotak Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Floating Interest Rates Fund | Kotak Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.38% |
| Base expense ratio (Direct) | 0.25% | 0.33% |
| Total expense ratio (Regular) | 0.85% | 1.12% |
| Base expense ratio (Regular) | 0.73% | 0.95% |
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
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ICICI Prudential Floating Interest Rates Fund vs Kotak Short Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Floating Interest Rates Fund and Kotak Short Term Fund?
ICICI Prudential Floating Interest Rates Fund is a Floater fund, Kotak Short Term Fund is a Short Duration fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 16.3%. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and Kotak Short Term Fund 0.38%.
Which has given higher returns, ICICI Prudential Floating Interest Rates Fund or Kotak Short Term Fund?
Over 1 year: ICICI Prudential Floating Interest Rates Fund +5.56%, Kotak Short Term Fund +4.35%. Over 3 years: ICICI Prudential Floating Interest Rates Fund +7.53% a year, Kotak Short Term Fund +7.23% a year. Over 5 years: ICICI Prudential Floating Interest Rates Fund +6.97% a year, Kotak Short Term Fund +6.35% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Floating Interest Rates Fund or Kotak Short Term Fund?
ICICI Prudential Floating Interest Rates Fund charges less: 0.29% a year against 0.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Floating Interest Rates Fund and Kotak Short Term Fund overlap?
16.3%. They hold 23 of the same securities, the largest shared ones being NABARD, NABARD, Small Industries Development Bank Of India.. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Floating Interest Rates Fund or Kotak Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,35,452 in ICICI Prudential Floating Interest Rates Fund (XIRR 7.3% a year) and ₹7,23,482 in Kotak Short Term Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Floating Interest Rates Fund and Kotak Short Term Fund?
Yes. 16.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Floating Interest Rates Fund and Kotak Short Term Fund?
ICICI Prudential Floating Interest Rates Fund: Darshil Dedhia, Ritesh Lunawat. Kotak Short Term Fund: Deepak Agrawal, 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.