Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund is an Index fund. In the year to 30-10-2026, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) returned 5.6% and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) returned 6.0%. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges 0.20% a year and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund 0.13% (Direct plans). Their portfolios overlap 28.6%: they hold 6 of the same securities.
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Index
- 1 year return
- 5.6%
- Expense ratio
- 0.20%
- NAV
- ₹11.65
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund
Index
- 1 year return
- 6.0%
- Expense ratio
- 0.13%
- NAV
- ₹10.67
Which is better, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 or Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index returned more over 1 year: 6.0% against 5.6%.
- Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index costs less: 0.13% a year against 0.20% (Direct plans).
- Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index fell less in its worst fall since 29-09-2025: −0.2% against −0.4%.
- Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index is the larger fund: ₹1,106 Cr against ₹606 Cr.
- Their portfolios overlap 28.6%: 6 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹606 Cr (30-09-2026) | ₹1,106 Cr (30-09-2026) |
| NAV | ₹11.65 (Direct) | ₹10.67 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.13% |
| Expense ratio (Regular) | 0.39% | 0.33% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL-IBX AAA Financial Services Index – Sep 2027 | CRISIL-IBX Financial Services 9 - 12 Months Debt Index |
| Launch date | 13-09-2024 | 24-09-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Bisen | Manu Sharma |
| Exit load | Exit load of 0.25%, if redeemed within 30 days. | NIL |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | +0.21% | +1.21% | +3.03% | +5.64% | -- | -- | -- |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) | +0.21% | +1.27% | +3.13% | +5.95% | -- | -- | -- |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: Year-wise Returns
| Year | AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | Financial Services 9 to 12 Months Debt IndexKotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index |
|---|---|---|
| 2026to date | +4.65% | +4.93% |
| 2025 | +8.50% | -- |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 20 of them, one for each trading day from 29-09-2026 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct)
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
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Oct 2026Oct 2025
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Oct 2026Oct 2025
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Oct 2026Oct 2025
to
Oct 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 5.9% | 5.6% | 6.1% |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.2% | 5.9% | 6.3% |
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 29-09-2025. Past returns do not promise future returns.
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: 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 01-09-2025 to 30-10-2026: 14 instalments, ₹1,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | ₹1,40,000 | ₹1,44,968 | ₹4,968 | 5.8% |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt IndexKotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) | ₹1,40,000 | ₹1,45,105 | ₹5,105 | 6.0% |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt IndexKotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.64% | +5.95% |
| Standard deviation | 0.77% | 0.62% |
| Sharpe ratio | 0.51 | 1.13 |
| Sortino ratio | 0.72 | 1.69 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.2% (22-05-2026) |
| 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.36% | +6.01% |
| Standard deviation | 0.78% | 0.60% |
| Sharpe ratio | 2.14 | 1.22 |
| Sortino ratio | 3.44 | 1.84 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.2% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 23-09-2024 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct) | −0.4% | 12-05-2026 | 21-05-2026 | 02-06-2026 | 12 days | −0.0% |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct) | −0.2% | 08-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | −0.0% |
From daily values since 29-09-2025, 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund (Direct)
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund (Direct)
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund, September 2026; Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 6
- Only in Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027
- 11
- Only in Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index
- 14
| Security | % of Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | % of Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index |
|---|---|---|
| REC LTD | 9.07% | 11.30% |
| LIC HOUSING FINANCE LTD. | 8.18% | 8.97% |
| BAJAJ HOUSING FINANCE LTD. | 4.16% | 6.78% |
| National Housing Bank | 3.30% | 4.53% |
| Kotak Mahindra Prime Ltd. | 5.77% | 2.26% |
| TATA CAPITAL HOUSING FINANCE LTD. | 1.65% | 2.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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 CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD. | 11.59% |
| HDB FINANCIAL SERVICES LTD. | 7.81% |
| AXIS Finance Ltd. | 7.63% |
| ADITYA BIRLA HOUSING FINANCE LTD | 7.43% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 7.42% |
Largest holdings only in Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD. | 10.53% |
| L & T FINANCE LTD. | 8.42% |
| TATA CAPITAL LTD. | 8.42% |
| TATA CAPITAL LTD. | 4.53% |
| BANK OF BARODA | 4.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.8% | 98.6% |
| Cash and others | 5.2% | 1.4% |
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.13% |
| Base expense ratio (Direct) | 0.17% | 0.10% |
| Total expense ratio (Regular) | 0.39% | 0.33% |
| Base expense ratio (Regular) | 0.33% | 0.27% |
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.
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund vs Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund: Frequently Asked Questions
What is the difference between Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is an Index fund, Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 28.6%. Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund charges 0.20% a year and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund 0.13%.
Which has given higher returns, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund or Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
Over 1 year: Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund +5.64%, Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund +5.95%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund or Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund charges less: 0.13% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund overlap?
28.6%. They hold 6 of the same securities, the largest shared ones being REC LTD, LIC HOUSING FINANCE LTD., BAJAJ HOUSING FINANCE LTD.. From each fund's latest monthly portfolio.
Which is riskier, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund or Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
On SEBI's riskometer, Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund is rated Low to Moderate and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.77% and 0.62% a year.
Can I invest in both Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
Yes. 28.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund and Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund?
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund: Abhishek Bisen. Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund: Manu 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.