Kotak Corporate Bond Fund vs Nippon India Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Corporate Bond Fund is a Corporate Bond fund and Nippon India Banking and PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, Kotak Corporate Bond Fund (Direct) returned 7.1% a year and Nippon India Banking and PSU Debt Fund (Direct) returned 6.9% a year. Kotak Corporate Bond Fund charges 0.36% a year and Nippon India Banking and PSU Debt Fund 0.39% (Direct plans). Their portfolios overlap 14.6%: they hold 19 of the same securities.
Kotak Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.1%
- Expense ratio
- 0.36%
- NAV
- ₹4,190.39
Nippon India Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.9%
- Expense ratio
- 0.39%
- NAV
- ₹22.84
Which is better, Kotak Corporate Bond or Nippon India Banking and PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Corporate Bond returned more over 5 years: 6.3% a year against 6.1%.
- Kotak Corporate Bond returned more over 3 years: 7.1% a year against 6.9%.
- Kotak Corporate Bond costs less: 0.36% a year against 0.39% (Direct plans).
- Kotak Corporate Bond swung less over 3 years: a standard deviation of 1.1% a year against 1.2%.
- Kotak Corporate Bond fell less in its worst fall since 18-05-2015: −1.9% against −3.2%.
- Kotak Corporate Bond is the larger fund: ₹14,791 Cr against ₹5,057 Cr.
- Their portfolios overlap 14.6%: 19 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 Corporate Bond Fund | Nippon India Banking and PSU Debt Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Corporate Bond | Banking & PSU |
| AUM | ₹14,791 Cr (30-09-2026) | ₹5,057 Cr (30-09-2026) |
| NAV | ₹4,190.39 (Direct) | ₹22.84 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.39% |
| Expense ratio (Regular) | 0.69% | 0.78% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Corporate Bond Index A-II | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 21-09-2007 | 15-05-2015 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Deepak Agrawal, Manu Sharma | Pranay Sinha, Vivek Sharma |
| Exit load | Nil | Nil |
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: 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 Corporate Bond Fund (Direct) | −0.26% | −0.07% | +2.21% | +3.84% | +7.11% | +6.31% | +7.14% |
| Nippon India Banking and PSU Debt Fund (Direct) | −0.28% | −0.10% | +2.36% | +3.76% | +6.88% | +6.13% | +7.10% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 21 Corporate Bond funds and the 19 Banking & PSU funds, same plan type.
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: Year-wise Returns
| Year | Kotak Corporate BondKotak Corporate Bond | Nippon India Banking and PSU DebtNippon India Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.08% | +3.17% |
| 2025 | +8.18% | +7.71% |
| 2024 | +8.64% | +8.28% |
| 2023 | +7.23% | +7.25% |
| 2022 | +4.05% | +3.65% |
| 2021 | +4.14% | +4.34% |
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,046 of them, one for each trading day from 18-05-2018 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.
Kotak Corporate Bond Fund (Direct)
Nippon India Banking and PSU Debt Fund (Direct)
to
Jan 2019Jun 2017
to
Jun 2020Dec 2018
to
Dec 2021May 2020
to
May 2023Oct 2021
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Corporate Bond | 0.0 | 0.2 | 99.8 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.9% | 5.0% | 9.3% |
| Nippon India Banking and PSU Debt | 0.0 | 1.9 | 98.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.7% | 4.9% | 9.9% |
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 18-05-2015. Past returns do not promise future returns.
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: 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 05-05-2015 to 30-10-2026: 138 instalments, ₹13,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Corporate BondKotak Corporate Bond Fund (Direct) | ₹13,80,000 | ₹20,84,870 | ₹7,04,870 | 6.9% |
| Nippon India Banking and PSU DebtNippon India Banking and PSU Debt Fund (Direct) | ₹13,80,000 | ₹20,84,753 | ₹7,04,753 | 6.9% |
Kotak Corporate BondKotak Corporate Bond Fund (Direct)
Nippon India Banking and PSU DebtNippon India Banking and PSU Debt 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 Corporate Bond vs Nippon India Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Corporate Bond Fund (Direct) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.84% | +3.76% |
| Standard deviation | 1.35% | 1.47% |
| Sharpe ratio | -1.04 | -1.01 |
| Sortino ratio | -1.40 | -1.39 |
| Maximum drawdown | −0.7% (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 | Kotak Corporate Bond Fund (Direct) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.11% | +6.88% |
| Standard deviation | 1.10% | 1.20% |
| Sharpe ratio | 0.98 | 0.71 |
| Sortino ratio | 1.44 | 1.04 |
| Maximum drawdown | −0.7% (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 | Kotak Corporate Bond Fund (Direct) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.31% | +6.13% |
| Standard deviation | 1.04% | 1.12% |
| Sharpe ratio | 0.49 | 0.29 |
| Sortino ratio | 0.68 | 0.40 |
| Maximum drawdown | −1.0% (06-05-2022) | −1.1% (09-05-2022) |
| 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 Corporate Bond Fund (Direct) | Nippon India Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.46% |
| Standard deviation | 1.12% | 1.64% |
| Sharpe ratio | 1.56 | 1.15 |
| Sortino ratio | 2.50 | 1.89 |
| Maximum drawdown | −1.9% (24-03-2020) | −3.2% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-02-2015 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 Corporate Bond Fund (Direct)
Nippon India Banking and PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Corporate Bond Fund (Direct) | −1.9% | 06-03-2020 | 24-03-2020 | 30-03-2020 | 6 days | −0.6% |
| Nippon India Banking and PSU Debt Fund (Direct) | −3.2% | 09-03-2020 | 23-03-2020 | 27-03-2020 | 4 days | −0.6% |
From daily values since 18-05-2015, 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.
Kotak Corporate Bond Fund (Direct)
Nippon India Banking and PSU Debt 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 Corporate Bond Fund (Direct)
Nippon India Banking and PSU Debt 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 Corporate Bond Fund (Direct)
Nippon India Banking and PSU Debt Fund (Direct)
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Corporate Bond Fund, September 2026; Nippon India Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 14.6%
- Held by both
- 19
- Only in Kotak Corporate Bond
- 83
- Only in Nippon India Banking and PSU Debt
- 88
| Security | % of Kotak Corporate Bond | % of Nippon India Banking and PSU Debt |
|---|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.53% | 3.54% |
| TATA CAPITAL LTD. | 1.01% | 1.48% |
| REC LTD | 1.35% | 0.98% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.00% | 0.98% |
| REC LTD(^) | 0.98% | 0.99% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.33% | 0.97% |
| Power Finance Corporation Ltd. | 1.29% | 0.95% |
| PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST) | 1.13% | 0.94% |
| Mahindra & Mahindra Financial Services Ltd. | 0.68% | 1.48% |
| Power Finance Corporation Ltd. | 1.78% | 0.49% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 1.18% | 0.49% |
| Power Finance Corporation Ltd. | 0.68% | 0.49% |
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) | 1.17% | 0.48% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT | 1.56% | 0.38% |
| SBI ALTERNATIVE INVESTMENT FUND | 0.37% | 0.34% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 0.34% | 3.47% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 0.33% | 2.45% |
| REC LTD | 0.17% | 2.47% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.37% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.6% means 14.6% 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 Corporate Bond Fund
| Security | % of fund |
|---|---|
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 3.18% |
| 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% |
Largest holdings only in Nippon India Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 7.61% Government of India | 4.03% |
| 7.68% National Bank For Agriculture and Rural Development | 3.45% |
| 7.59% National Housing Bank | 2.57% |
| 7.8% Union Bank of India | 2.01% |
| 7.7% Nuclear Power Corporation Of India Limited | 1.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Corporate Bond | Nippon India Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.4% | 92.9% |
| Cash and others | 6.6% | 7.1% |
Kotak Corporate Bond vs Nippon India Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Corporate Bond Fund | Nippon India Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.39% |
| Base expense ratio (Direct) | 0.31% | 0.33% |
| Total expense ratio (Regular) | 0.69% | 0.78% |
| Base expense ratio (Regular) | 0.59% | 0.66% |
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 Corporate Bond with
Compare Nippon India Banking and PSU Debt with
- Nippon India Banking and PSU Debt vs UTI Banking & PSU Debt
- Nippon India Banking and PSU Debt vs Franklin India Banking & PSU Debt
- Nippon India Banking and PSU Debt vs LIC MF Banking & PSU Debt
- Nippon India Banking and PSU Debt vs SBI Banking & PSU Debt
- Nippon India Banking and PSU Debt vs Kotak Banking and PSU Debt
Kotak Corporate Bond Fund vs Nippon India Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between Kotak Corporate Bond Fund and Nippon India Banking and PSU Debt Fund?
Kotak Corporate Bond Fund is a Corporate Bond fund, Nippon India Banking and PSU Debt Fund is a Banking & PSU fund, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 14.6%. Kotak Corporate Bond Fund charges 0.36% a year and Nippon India Banking and PSU Debt Fund 0.39%.
Which has given higher returns, Kotak Corporate Bond Fund or Nippon India Banking and PSU Debt Fund?
Over 1 year: Kotak Corporate Bond Fund +3.84%, Nippon India Banking and PSU Debt Fund +3.76%. Over 3 years: Kotak Corporate Bond Fund +7.11% a year, Nippon India Banking and PSU Debt Fund +6.88% a year. Over 5 years: Kotak Corporate Bond Fund +6.31% a year, Nippon India Banking and PSU Debt Fund +6.13% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Corporate Bond Fund or Nippon India Banking and PSU Debt 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 Kotak Corporate Bond Fund and Nippon India Banking and PSU Debt Fund overlap?
14.6%. They hold 19 of the same securities, the largest shared ones being NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, TATA CAPITAL LTD., REC LTD. From each fund's latest monthly portfolio.
Which is riskier, Kotak Corporate Bond Fund or Nippon India Banking and PSU Debt Fund?
On SEBI's riskometer, Kotak Corporate Bond Fund is rated Moderate and Nippon India Banking and PSU Debt Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.10% and 1.20% a year.
Which is better for SIP, Kotak Corporate Bond Fund or Nippon India Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,21,097 in Kotak Corporate Bond Fund (XIRR 6.5% a year) and ₹7,17,278 in Nippon India Banking and PSU Debt Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Corporate Bond Fund and Nippon India Banking and PSU Debt Fund?
Yes. 14.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Corporate Bond Fund and Nippon India Banking and PSU Debt Fund?
Kotak Corporate Bond Fund: Deepak Agrawal, Manu Sharma. Nippon India Banking and PSU Debt Fund: Pranay Sinha, Vivek 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.