Kotak Banking and PSU Debt Fund vs Kotak Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Banking and PSU Debt Fund is a Banking & PSU fund and Kotak Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Kotak Banking and PSU Debt Fund (Direct) returned 7.0% a year and Kotak Short Term Fund (Direct) returned 7.2% a year. Kotak Banking and PSU Debt Fund charges 0.40% a year and Kotak Short Term Fund 0.38% (Direct plans). Their portfolios overlap 20.4%: they hold 23 of the same securities.
Kotak Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹72.49
Kotak Short Term Fund
Short Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.38%
- NAV
- ₹61.26
Which is better, Kotak Banking and PSU Debt 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.
- Kotak Short Term returned more over 5 years: 6.3% a year against 6.3%.
- Kotak Short Term returned more over 3 years: 7.2% a year against 7.0%.
- Kotak Short Term costs less: 0.38% a year against 0.40% (Direct plans).
- Kotak Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.1%.
- Kotak Short Term fell less in its worst fall since 14-08-2013: −2.2% against −2.8%.
- Kotak Short Term is the larger fund: ₹14,241 Cr against ₹4,761 Cr.
- Their portfolios overlap 20.4%: 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 | Kotak Banking and PSU Debt Fund | Kotak Short Term Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Banking & PSU | Short Duration |
| AUM | ₹4,761 Cr (30-09-2026) | ₹14,241 Cr (30-09-2026) |
| NAV | ₹72.49 (Direct) | ₹61.26 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.38% |
| Expense ratio (Regular) | 0.75% | 1.12% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | NIFTY Short Duration Debt Index A-II |
| Launch date | 29-12-1998 | 02-05-2002 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Deepak Agrawal, Dharmesh Thakar | Deepak Agrawal, Abhishek Bisen |
| Exit load | Nil | Nil |
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt Fund (Direct) | −0.38% | −0.26% | +2.10% | +4.03% | +7.01% | +6.27% | +7.22% |
| Kotak Short Term Fund (Direct) | −0.17% | +0.25% | +2.38% | +4.35% | +7.23% | +6.35% | +7.16% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 19 Banking & PSU funds and the 25 Short Duration funds, same plan type.
Kotak Banking and PSU Debt vs Kotak Short Term: Year-wise Returns
| Year | Banking and PSU DebtKotak Banking and PSU Debt | Short TermKotak Short Term |
|---|---|---|
| 2026to date | +3.07% | +3.54% |
| 2025 | +8.06% | +8.09% |
| 2024 | +8.46% | +8.56% |
| 2023 | +7.24% | +7.31% |
| 2022 | +4.03% | +3.85% |
| 2021 | +4.34% | +4.13% |
Kotak Banking and PSU Debt vs Kotak Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,469 of them, one for each trading day from 16-08-2016 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.
Kotak Banking and PSU Debt Fund (Direct)
Kotak Short Term Fund (Direct)
to
Jun 2017Mar 2016
to
Mar 2019Nov 2017
to
Nov 2020Aug 2019
to
Aug 2022May 2021
to
May 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt | 0.0 | 0.0 | 99.4 | 0.6 | 0.0 | 0.0 | 0.0 | 7.9% | 8.0% | 5.1% | 10.3% |
| Kotak Short Term | 0.0 | 0.9 | 93.8 | 5.3 | 0.0 | 0.0 | 0.0 | 7.8% | 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 14-08-2013. Past returns do not promise future returns.
Kotak Banking and PSU Debt 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 14-08-2013 to 30-10-2026: 159 instalments, ₹15,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Banking and PSU DebtKotak Banking and PSU Debt Fund (Direct) | ₹15,90,000 | ₹26,25,818 | ₹10,35,818 | 7.2% |
| Kotak Short TermKotak Short Term Fund (Direct) | ₹15,90,000 | ₹26,28,840 | ₹10,38,840 | 7.3% |
Kotak Banking and PSU DebtKotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt vs Kotak Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Banking and PSU Debt Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.03% | +4.35% |
| Standard deviation | 1.35% | 1.13% |
| Sharpe ratio | -0.90 | -0.79 |
| Sortino ratio | -1.23 | -1.09 |
| Maximum drawdown | −0.8% (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 | Kotak Banking and PSU Debt Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +7.23% |
| Standard deviation | 1.14% | 0.95% |
| Sharpe ratio | 0.86 | 1.27 |
| Sortino ratio | 1.26 | 1.93 |
| Maximum drawdown | −0.8% (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 | Kotak Banking and PSU Debt Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +6.35% |
| Standard deviation | 1.16% | 0.99% |
| Sharpe ratio | 0.40 | 0.56 |
| Sortino ratio | 0.55 | 0.77 |
| Maximum drawdown | −1.1% (06-05-2022) | −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 | Kotak Banking and PSU Debt Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.94% | +7.81% |
| Standard deviation | 1.49% | 1.43% |
| Sharpe ratio | 1.33 | 1.23 |
| Sortino ratio | 2.13 | 1.80 |
| Maximum drawdown | −2.8% (24-03-2020) | −3.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-08-2013 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.
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt Fund (Direct) | −2.8% | 06-03-2020 | 24-03-2020 | 20-04-2020 | 27 days | −0.7% |
| Kotak Short Term Fund (Direct) | −2.2% | 06-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.3% |
From daily values since 14-08-2013, 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.
Kotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt Fund (Direct)
Kotak Short Term Fund (Direct)
Kotak Banking and PSU Debt vs Kotak Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Banking and PSU Debt Fund, September 2026; Kotak Short Term Fund, September 2026
Holdings in common
- Overlap
- 20.4%
- Held by both
- 23
- Only in Kotak Banking and PSU Debt
- 37
- Only in Kotak Short Term
- 69
| Security | % of Kotak Banking and PSU Debt | % of Kotak Short Term |
|---|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 2.61% | 2.72% |
| Power Finance Corporation Ltd. | 2.10% | 3.33% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 1.78% | 2.66% |
| Central Government - 2066 | 1.57% | 1.65% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT | 2.02% | 1.35% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.56% | 1.04% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.04% | 2.78% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.03% | 1.37% |
| INDIAN BANK | 1.51% | 1.01% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 0.94% | 4.23% |
| Central Government - 2065 | 0.85% | 0.94% |
| CANARA BANK | 3.08% | 0.69% |
| ONGC PETRO ADDITIONS LTD. | 1.01% | 0.68% |
| Maharashtra State Govt - 2035 - Maharashtra | 0.80% | 0.62% |
| REC LTD | 0.52% | 0.69% |
| BANK OF BARODA | 1.54% | 0.51% |
| SBI ALTERNATIVE INVESTMENT FUND | 0.39% | 0.37% |
| HDFC BANK LTD. | 1.07% | 0.36% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.55% | 0.35% |
| HDFC BANK LTD. | 1.02% | 0.34% |
| Tamil Nadu State Govt - 2033 - Tamil Nadu | 0.72% | 0.34% |
| Maharashtra State Govt - 2033 - Maharashtra | 0.34% | 0.23% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 0.53% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.4% means 20.4% 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 Kotak Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Power Finance Corporation Ltd. | 6.90% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT | 4.15% |
| Power Grid Corporation of India Ltd. | 3.36% |
| HDFC BANK LTD. | 3.19% |
| STATE BANK OF INDIA. | 2.94% |
Largest holdings only in Kotak Short Term Fund
| Security | % of fund |
|---|---|
| LIC HOUSING FINANCE LTD. | 3.47% |
| MINDSPACE BUSINESS PARKS REIT | 2.83% |
| BROOKFIELD REIT | 2.76% |
| BAJAJ FINANCE LTD. | 2.46% |
| BAJAJ FINANCE LTD. | 2.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Banking and PSU Debt | Kotak Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.9% | 91.9% |
| Cash and others | 9.1% | 8.1% |
Kotak Banking and PSU Debt vs Kotak Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Banking and PSU Debt Fund | Kotak Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.38% |
| Base expense ratio (Direct) | 0.34% | 0.33% |
| Total expense ratio (Regular) | 0.75% | 1.12% |
| Base expense ratio (Regular) | 0.64% | 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 Kotak Banking and PSU Debt with
Kotak Banking and PSU Debt Fund vs Kotak Short Term Fund: Frequently Asked Questions
What is the difference between Kotak Banking and PSU Debt Fund and Kotak Short Term Fund?
Kotak Banking and PSU Debt Fund is a Banking & PSU fund, Kotak Short Term Fund is a Short Duration fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 20.4%. Kotak Banking and PSU Debt Fund charges 0.40% a year and Kotak Short Term Fund 0.38%.
Which has given higher returns, Kotak Banking and PSU Debt Fund or Kotak Short Term Fund?
Over 1 year: Kotak Banking and PSU Debt Fund +4.03%, Kotak Short Term Fund +4.35%. Over 3 years: Kotak Banking and PSU Debt Fund +7.01% a year, Kotak Short Term Fund +7.23% a year. Over 5 years: Kotak Banking and PSU Debt Fund +6.27% 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, Kotak Banking and PSU Debt Fund or Kotak Short Term Fund?
Kotak Short Term Fund charges less: 0.38% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Banking and PSU Debt Fund and Kotak Short Term Fund overlap?
20.4%. They hold 23 of the same securities, the largest shared ones being NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, Power Finance Corporation Ltd., NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT. From each fund's latest monthly portfolio.
Which is riskier, Kotak Banking and PSU Debt Fund or Kotak Short Term Fund?
On SEBI's riskometer, Kotak Banking and PSU Debt Fund is rated Moderate and Kotak Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.14% and 0.95% a year.
Which is better for SIP, Kotak Banking and PSU Debt 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 ₹7,20,022 in Kotak Banking and PSU Debt Fund (XIRR 6.5% 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 Kotak Banking and PSU Debt Fund and Kotak Short Term Fund?
Yes. 20.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Banking and PSU Debt Fund and Kotak Short Term Fund?
Kotak Banking and PSU Debt Fund: Deepak Agrawal, Dharmesh Thakar. 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.