Invesco India Ultra Short to Short Term Fund vs Kotak Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Ultra Short to Short Term Fund is a Low Duration fund and Kotak Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Invesco India Ultra Short to Short Term Fund (Direct) returned 7.0% a year and Kotak Short Term Fund (Direct) returned 7.2% a year. Invesco India Ultra Short to Short Term Fund charges 0.34% a year and Kotak Short Term Fund 0.38% (Direct plans). Their portfolios overlap 12.0%: they hold 8 of the same securities.
Invesco India Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.34%
- NAV
- ₹4,256.03
Kotak Short Term Fund
Short Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.38%
- NAV
- ₹61.26
Which is better, Invesco India Ultra Short to Short Term 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.
- Invesco India Ultra Short to Short Term returned more over 5 years: 6.4% a year against 6.3%.
- Kotak Short Term returned more over 3 years: 7.2% a year against 7.0%.
- Invesco India Ultra Short to Short Term costs less: 0.34% a year against 0.38% (Direct plans).
- Invesco India Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 1.0%.
- Invesco India Ultra Short to Short Term fell less in its worst fall since 02-01-2013: −1.4% against −3.0%.
- Invesco India Ultra Short to Short Term holds 2.9% of the fund in foreign stocks; Kotak Short Term 0.0%.
- Kotak Short Term is the larger fund: ₹14,241 Cr against ₹1,714 Cr.
- Their portfolios overlap 12.0%: 8 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 | Invesco India Ultra Short to Short Term Fund | Kotak Short Term Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Low Duration | Short Duration |
| AUM | ₹1,714 Cr (30-09-2026) | ₹14,241 Cr (30-09-2026) |
| NAV | ₹4,256.03 (Direct) | ₹61.26 (Direct) |
| Expense ratio (Direct) | 0.34% | 0.38% |
| Expense ratio (Regular) | 0.65% | 1.12% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | NIFTY Short Duration Debt Index A-II |
| Launch date | 18-01-2007 | 02-05-2002 |
| Minimum investment | Not available | ₹100 |
| Lock in | None | None |
| Fund managers | Krishna Cheemalapati, Vikas Garg | Deepak Agrawal, Abhishek Bisen |
| Exit load | Nil | Nil |
Invesco India Ultra Short to Short Term 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Ultra Short to Short Term Fund (Direct) | +0.15% | +1.08% | +2.82% | +5.60% | +7.01% | +6.40% | +6.73% |
| Kotak Short Term Fund (Direct) | −0.17% | +0.25% | +2.38% | +4.35% | +7.23% | +6.35% | +7.16% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 25 Low Duration funds and the 25 Short Duration funds, same plan type.
Invesco India Ultra Short to Short Term vs Kotak Short Term: Year-wise Returns
| Year | Invesco India Ultra Short toInvesco India Ultra Short to Short Term | KotakKotak Short Term |
|---|---|---|
| 2026to date | +4.59% | +3.54% |
| 2025 | +7.50% | +8.09% |
| 2024 | +7.75% | +8.56% |
| 2023 | +7.19% | +7.31% |
| 2022 | +4.34% | +3.85% |
| 2021 | +3.82% | +4.13% |
Invesco India Ultra Short to Short Term 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.
Invesco India Ultra Short to Short Term 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Ultra Short to Short Term | 0.0 | 4.0 | 96.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.6% | 4.8% | 9.6% |
| 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.
Invesco India Ultra Short to Short Term 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 |
|---|---|---|---|---|
| Invesco India Ultra Short to Short TermInvesco India Ultra Short to Short Term Fund (Direct) | ₹16,60,000 | ₹27,28,715 | ₹10,68,715 | 6.9% |
| Kotak Short TermKotak Short Term Fund (Direct) | ₹16,60,000 | ₹28,21,774 | ₹11,61,774 | 7.3% |
Invesco India Ultra Short to Short TermInvesco India Ultra Short to Short Term 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.
Invesco India Ultra Short to Short Term vs Kotak Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Ultra Short to Short Term Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.60% | +4.35% |
| Standard deviation | 0.60% | 1.13% |
| Sharpe ratio | 0.59 | -0.79 |
| Sortino ratio | 0.86 | -1.09 |
| Maximum drawdown | −0.2% (21-05-2026) | −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 | Invesco India Ultra Short to Short Term Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +7.23% |
| Standard deviation | 0.48% | 0.95% |
| Sharpe ratio | 2.07 | 1.27 |
| Sortino ratio | 3.42 | 1.93 |
| Maximum drawdown | −0.2% (21-05-2026) | −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 | Invesco India Ultra Short to Short Term Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.40% | +6.35% |
| Standard deviation | 0.46% | 0.99% |
| Sharpe ratio | 1.29 | 0.56 |
| Sortino ratio | 1.99 | 0.77 |
| Maximum drawdown | −0.4% (13-05-2022) | −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 | Invesco India Ultra Short to Short Term Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.38% | +7.81% |
| Standard deviation | 0.69% | 1.43% |
| Sharpe ratio | 1.92 | 1.23 |
| Sortino ratio | 3.46 | 1.80 |
| Maximum drawdown | −1.4% (24-03-2020) | −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.
Invesco India Ultra Short to Short Term 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 |
|---|---|---|---|---|---|---|
| Invesco India Ultra Short to Short Term Fund (Direct) | −1.4% | 09-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.0% |
| 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.
Invesco India Ultra Short to Short Term 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.
Invesco India Ultra Short to Short Term 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.
Invesco India Ultra Short to Short Term Fund (Direct)
Kotak Short Term Fund (Direct)
Invesco India Ultra Short to Short Term vs Kotak Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Ultra Short to Short Term Fund, September 2026; Kotak Short Term Fund, September 2026
Holdings in common
- Overlap
- 12.0%
- Held by both
- 8
- Only in Invesco India Ultra Short to Short Term
- 45
- Only in Kotak Short Term
- 84
| Security | % of Invesco India Ultra Short to Short Term | % of Kotak Short Term |
|---|---|---|
| 7.44% National Bank For Agriculture and Rural Development 2028 | 5.40% | 4.23% |
| 7.42% Small Industries Dev Bank of India 2029 | 2.60% | 2.78% |
| 6.74% Small Industries Dev Bank of India 2029 | 1.42% | 1.37% |
| 7.74% LIC Housing Finance Limited 2027 | 1.46% | 1.05% |
| 7.44% REC Limited 2028 | 1.45% | 1.05% |
| 7.19% JIO Credit Limited 2028 | 1.44% | 0.69% |
| 6.52% REC Limited 2028 | 1.44% | 0.69% |
| Corporate Debt Market Development Fund Class A2 | 0.30% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.0% means 12.0% 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 Invesco India Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 6.96% Power Finance Corporation Limited 2028 | 4.33% |
| 7.96% Pipeline Infrastructure Private Limited 2027 | 3.80% |
| National Bank For Financing Infrastructure And Development 2027 | 3.40% |
| 4.04% Government of India 2028 | 2.94% |
| 6.95% Bajaj Housing Finance Limited 2028 | 2.87% |
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 | Invesco India Ultra Short to Short Term | Kotak Short Term |
|---|---|---|
| Equity | 2.9% | 0.0% |
| Debt | 88.0% | 91.9% |
| Cash and others | 9.1% | 8.1% |
Market cap of stocks
| Market cap | Invesco India Ultra Short to Short Term | Kotak Short Term |
|---|---|---|
| Large Cap | 0.0% | -- |
| Mid Cap | 0.0% | -- |
| Small Cap | 0.0% | -- |
| Foreign stocks | 2.9% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India Ultra Short to Short Term | Kotak Short Term |
|---|---|---|
| Other | 2.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Ultra Short to Short Term vs Kotak Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Ultra Short to Short Term Fund | Kotak Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 0.38% |
| Base expense ratio (Direct) | 0.27% | 0.33% |
| Total expense ratio (Regular) | 0.65% | 1.12% |
| Base expense ratio (Regular) | 0.54% | 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
Compare Invesco India Ultra Short to Short Term with
- Invesco India Ultra Short to Short Term vs HSBC Ultra Short to Short Term
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- Invesco India Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Invesco India Ultra Short to Short Term Fund vs Kotak Short Term Fund: Frequently Asked Questions
What is the difference between Invesco India Ultra Short to Short Term Fund and Kotak Short Term Fund?
Invesco India Ultra Short to Short Term Fund is a Low Duration fund, Kotak Short Term Fund is a Short Duration fund, run by Invesco Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 12.0%. Invesco India Ultra Short to Short Term Fund charges 0.34% a year and Kotak Short Term Fund 0.38%.
Which has given higher returns, Invesco India Ultra Short to Short Term Fund or Kotak Short Term Fund?
Over 1 year: Invesco India Ultra Short to Short Term Fund +5.60%, Kotak Short Term Fund +4.35%. Over 3 years: Invesco India Ultra Short to Short Term Fund +7.01% a year, Kotak Short Term Fund +7.23% a year. Over 5 years: Invesco India Ultra Short to Short Term Fund +6.40% 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, Invesco India Ultra Short to Short Term Fund or Kotak Short Term Fund?
Invesco India Ultra Short to Short Term Fund charges less: 0.34% a year against 0.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Ultra Short to Short Term Fund and Kotak Short Term Fund overlap?
12.0%. They hold 8 of the same securities, the largest shared ones being 7.44% National Bank For Agriculture and Rural Development 2028, 7.42% Small Industries Dev Bank of India 2029, 6.74% Small Industries Dev Bank of India 2029. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Ultra Short to Short Term Fund or Kotak Short Term Fund?
On SEBI's riskometer, Invesco India Ultra Short to Short Term Fund is rated Low to Moderate and Kotak Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.48% and 0.95% a year.
Which is better for SIP, Invesco India Ultra Short to Short Term 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 ₹7,24,616 in Invesco India Ultra Short to Short Term Fund (XIRR 6.7% 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 Invesco India Ultra Short to Short Term Fund and Kotak Short Term Fund?
Yes. 12.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Ultra Short to Short Term Fund and Kotak Short Term Fund?
Invesco India Ultra Short to Short Term Fund: Krishna Cheemalapati, Vikas Garg. 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.