ICICI Prudential Short Term Fund vs Kotak Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential 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, ICICI Prudential Short Term Fund (Direct) returned 7.5% a year and Kotak Corporate Bond Fund (Direct) returned 7.1% a year. ICICI Prudential Short Term Fund charges 0.45% a year and Kotak Corporate Bond Fund 0.36% (Direct plans). Their portfolios overlap 16.0%: they hold 31 of the same securities.
ICICI Prudential Short Term Fund
Short Duration
- 3 year return
- 7.5%
- Expense ratio
- 0.45%
- NAV
- ₹70.57
Kotak Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.1%
- Expense ratio
- 0.36%
- NAV
- ₹4,190.39
Which is better, ICICI Prudential 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.
- ICICI Prudential Short Term returned more over 5 years: 7.0% a year against 6.3%.
- ICICI Prudential Short Term returned more over 3 years: 7.5% a year against 7.1%.
- Kotak Corporate Bond costs less: 0.36% a year against 0.45% (Direct plans).
- ICICI Prudential 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 −2.4%.
- ICICI Prudential Short Term is the larger fund: ₹18,890 Cr against ₹14,791 Cr.
- Their portfolios overlap 16.0%: 31 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 Short Term Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Short Duration | Corporate Bond |
| AUM | ₹18,890 Cr (30-09-2026) | ₹14,791 Cr (30-09-2026) |
| NAV | ₹70.57 (Direct) | ₹4,190.39 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.36% |
| Expense ratio (Regular) | 1.05% | 0.69% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | NIFTY Corporate Bond Index A-II |
| Launch date | Not available | 21-09-2007 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Deepak Agrawal, Manu Sharma |
| Exit load | Not available | Nil |
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Short Term Fund (Direct) | −0.28% | +0.18% | +2.45% | +4.92% | +7.48% | +6.99% | +7.63% |
| 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.
ICICI Prudential Short Term vs Kotak Corporate Bond: Year-wise Returns
| Year | ICICI Prudential Short TermICICI Prudential Short Term | Kotak Corporate BondKotak Corporate Bond |
|---|---|---|
| 2026to date | +3.84% | +3.08% |
| 2025 | +8.61% | +8.18% |
| 2024 | +8.45% | +8.64% |
| 2023 | +8.10% | +7.23% |
| 2022 | +5.44% | +4.05% |
| 2021 | +4.67% | +4.14% |
ICICI Prudential Short Term 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.
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0% | 8.2% | 6.0% | 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.
ICICI Prudential 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 |
|---|---|---|---|---|
| ICICI Prudential Short TermICICI Prudential Short Term Fund (Direct) | ₹14,10,000 | ₹22,38,832 | ₹8,28,832 | 7.6% |
| Kotak Corporate BondKotak Corporate Bond Fund (Direct) | ₹14,10,000 | ₹21,53,779 | ₹7,43,779 | 7.0% |
ICICI Prudential Short TermICICI Prudential 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.
ICICI Prudential 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 | ICICI Prudential Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.92% | +3.84% |
| Standard deviation | 1.22% | 1.35% |
| Sharpe ratio | -0.27 | -1.04 |
| Sortino ratio | -0.37 | -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 | ICICI Prudential Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.48% | +7.11% |
| Standard deviation | 0.93% | 1.10% |
| Sharpe ratio | 1.55 | 0.98 |
| Sortino ratio | 2.34 | 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 | ICICI Prudential Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.99% | +6.31% |
| Standard deviation | 0.98% | 1.04% |
| Sharpe ratio | 1.21 | 0.49 |
| Sortino ratio | 1.74 | 0.68 |
| Maximum drawdown | −0.7% (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 | ICICI Prudential Short Term Fund (Direct) | Kotak Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.30% | +7.40% |
| Standard deviation | 1.56% | 1.12% |
| Sharpe ratio | 1.44 | 1.56 |
| Sortino ratio | 2.16 | 2.50 |
| Maximum drawdown | −3.4% (19-08-2013) | −1.9% (24-03-2020) |
| 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 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Short Term Fund (Direct) | −2.4% | 06-03-2020 | 26-03-2020 | 20-04-2020 | 25 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.
ICICI Prudential 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.
ICICI Prudential 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.
ICICI Prudential Short Term Fund (Direct)
Kotak Corporate Bond Fund (Direct)
ICICI Prudential Short Term vs Kotak Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Short Term Fund, September 2026; Kotak Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 16.0%
- Held by both
- 31
- Only in ICICI Prudential Short Term
- 124
- Only in Kotak Corporate Bond
- 71
| Security | % of ICICI Prudential Short Term | % of Kotak Corporate Bond |
|---|---|---|
| NABARD | 2.82% | 3.37% |
| NABARD | 4.98% | 1.31% |
| Shivshakti Securitisation Trust | 3.03% | 1.13% |
| Siddhivinayak Securitisation Trust | 2.40% | 1.10% |
| Government Securities | 1.29% | 1.08% |
| NABARD | 0.79% | 3.53% |
| Housing and Urban Development Corporation Ltd. | 0.70% | 1.66% |
| Mahindra & Mahindra Financial Services Ltd. | 0.79% | 0.68% |
| Tata Capital Housing Finance Ltd. | 0.78% | 0.67% |
| India Universal Trust AL1 | 0.65% | 1.13% |
| Small Industries Development Bank Of India. | 0.52% | 1.32% |
| State Government of Karnataka | 0.54% | 0.49% |
| India Universal Trust AL2 | 0.45% | 0.58% |
| EMBASSY OFFICE PARKS REIT | 0.39% | 1.17% |
| LIC Housing Finance Ltd. | 0.85% | 0.34% |
| Corporate Debt Market Development Fund (Class A2) | 0.34% | 0.37% |
| Small Industries Development Bank Of India. | 0.65% | 0.33% |
| LIC Housing Finance Ltd. | 0.29% | 1.42% |
| Pipeline Infrastructure Pvt Ltd. | 0.28% | 1.68% |
| Rural Electrification Corporation Ltd. | 0.26% | 0.98% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.26% | 1.17% |
| State Government of Maharashtra | 0.65% | 0.22% |
| Knowledge Realty Trust Ltd | 0.20% | 2.00% |
| Bharti Telecom Ltd. | 0.16% | 1.33% |
| Small Industries Development Bank Of India. | 0.13% | 1.00% |
| Small Industries Development Bank Of India. | 0.13% | 3.18% |
| Sansar Trust June 2024 A1 | 0.12% | 0.18% |
| Tata Capital Financial Services Ltd. | 1.06% | 0.07% |
| Small Industries Development Bank Of India. | 0.05% | 0.41% |
| EMBASSY OFFICE PARKS REIT | 1.19% | 0.05% |
| State Government of Tamil Nadu | 0.02% | 0.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.0% means 16.0% 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 Short Term Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd. | 3.96% |
| Vedanta Ltd. | 3.12% |
| Small Industries Development Bank Of India. | 2.32% |
| Cholamandalam Investment And Finance Company Ltd. | 1.59% |
| Summit Digitel Infrastructure Private Ltd. | 1.49% |
Largest holdings only in Kotak Corporate Bond Fund
| Security | % of fund |
|---|---|
| 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% |
| Larsen and Toubro Ltd. | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Short Term | Kotak Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.2% | 93.4% |
| Cash and others | 3.8% | 6.6% |
ICICI Prudential Short Term vs Kotak Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Short Term Fund | Kotak Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.36% |
| Base expense ratio (Direct) | 0.38% | 0.31% |
| Total expense ratio (Regular) | 1.05% | 0.69% |
| Base expense ratio (Regular) | 0.89% | 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 ICICI Prudential Short Term with
ICICI Prudential Short Term Fund vs Kotak Corporate Bond Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Short Term Fund and Kotak Corporate Bond Fund?
ICICI Prudential Short Term Fund is a Short Duration fund, Kotak Corporate Bond Fund is a Corporate Bond fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 16.0%. ICICI Prudential Short Term Fund charges 0.45% a year and Kotak Corporate Bond Fund 0.36%.
Which has given higher returns, ICICI Prudential Short Term Fund or Kotak Corporate Bond Fund?
Over 1 year: ICICI Prudential Short Term Fund +4.92%, Kotak Corporate Bond Fund +3.84%. Over 3 years: ICICI Prudential Short Term Fund +7.48% a year, Kotak Corporate Bond Fund +7.11% a year. Over 5 years: ICICI Prudential Short Term Fund +6.99% 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, ICICI Prudential Short Term Fund or Kotak Corporate Bond Fund?
Kotak Corporate Bond Fund charges less: 0.36% a year against 0.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Short Term Fund and Kotak Corporate Bond Fund overlap?
16.0%. They hold 31 of the same securities, the largest shared ones being NABARD, NABARD, Shivshakti Securitisation Trust. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential 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 ₹7,32,200 in ICICI Prudential Short Term Fund (XIRR 7.1% 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 ICICI Prudential Short Term Fund and Kotak Corporate Bond Fund?
Yes. 16.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.