Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund vs Shriram Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund and Shriram Money Market Fund is a Money Market fund. Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund charges 0.12% a year and Shriram Money Market Fund 0.12% (Direct plans). Their portfolios overlap 12.3%: they hold 2 of the same securities.
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Index
- Expense ratio
- 0.12%
- NAV
- ₹11.16
Which is better, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index or Shriram Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Money Market costs less: 0.12% a year against 0.12% (Direct plans).
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index fell less in its worst fall since 28-01-2026: −0.1% against −0.2%.
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index is the larger fund: ₹236 Cr against ₹78 Cr.
- Their portfolios overlap 12.3%: 2 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 Financial Services 3 6 Months Debt Index Fund | Shriram Money Market Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Shriram Mutual Fund |
| Category | Index | Money Market |
| AUM | ₹236 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹11.16 (Direct) | ₹1,048.23 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.12% |
| Expense ratio (Regular) | 0.36% | 0.35% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL-IBX Financial Services 3-6 Months Debt Index | NIFTY Money Market Index A-I |
| Launch date | 07-03-2025 | 27-01-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Manu Sharma | Amit Modani |
| Exit load | NIL | NIL |
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: 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 Financial Services 3 6 Months Debt Index Fund (Direct) | +0.28% | +1.39% | +3.20% | +6.50% | -- | -- | -- |
| Shriram Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
Category average: the average of the 27 Money Market funds, same plan type.
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: Year-wise Returns
| Year | Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index | Shriram Money MarketShriram Money Market |
|---|---|---|
| 2026to date | +5.40% | -- |
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: Rolling Returns
Every holding period of both funds
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | Shriram Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +6.30% |
| Standard deviation | 0.41% | 0.55% |
| Sharpe ratio | 3.42 | 1.98 |
| Sortino ratio | 5.97 | 3.13 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.2% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-03-2025 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.
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 Financial Services 3 6 Months Debt Index Fund (Direct)
Shriram Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | −0.1% | 14-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
From daily values since 28-01-2026, the first day every fund has.
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund, September 2026; Shriram Money Market Fund, September 2026
Holdings in common
- Overlap
- 12.3%
- Held by both
- 2
- Only in Kotak CRISIL IBX Financial Services 3 6 Months Debt Index
- 15
- Only in Shriram Money Market
- 8
| Security | % of Kotak CRISIL IBX Financial Services 3 6 Months Debt Index | % of Shriram Money Market |
|---|---|---|
| Export-Import Bank of India | 10.26% | 12.41% |
| ICICI BANK LTD. | 2.05% | 6.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.3% means 12.3% 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 Financial Services 3 6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| ADITYA BIRLA CAPITAL LTD | 10.30% |
| HDFC BANK LTD. | 10.26% |
| LIC HOUSING FINANCE LTD. | 10.26% |
| PUNJAB NATIONAL BANK | 10.26% |
| BAJAJ HOUSING FINANCE LTD. | 10.25% |
Largest holdings only in Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| NABARD CD RED 18-03-2027 | 12.38% |
| BANK OF BARODA CD RED 12-02-27 | 11.23% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 11.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index | Shriram Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.5% | 90.8% |
| Cash and others | 2.5% | 9.2% |
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index vs Shriram Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund | Shriram Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.12% |
| Base expense ratio (Direct) | 0.10% | 0.09% |
| Total expense ratio (Regular) | 0.36% | 0.35% |
| Base expense ratio (Regular) | 0.30% | 0.28% |
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
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund vs Shriram Money Market Fund: Frequently Asked Questions
What is the difference between Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund and Shriram Money Market Fund?
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund, Shriram Money Market Fund is a Money Market fund, run by Kotak Mahindra Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 12.3%. Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund charges 0.12% a year and Shriram Money Market Fund 0.12%.
Which has the lower expense ratio, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund or Shriram Money Market Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund and Shriram Money Market Fund overlap?
12.3%. They hold 2 of the same securities, the largest shared ones being Export-Import Bank of India, ICICI BANK LTD.. From each fund's latest monthly portfolio.
Which is riskier, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund or Shriram Money Market Fund?
On SEBI's riskometer, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is rated Low to Moderate and Shriram Money Market Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.41% and 0.55% a year.
Can I invest in both Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund and Shriram Money Market Fund?
Yes. 12.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund and Shriram Money Market Fund?
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Manu Sharma. Shriram Money Market Fund: Amit Modani.
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.