Kotak Medium Term Fund vs SBI Credit Risk Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Medium Term Fund is a Medium Duration fund and SBI Credit Risk Fund is a Credit Risk fund. In the 3 years to 30-10-2026, Kotak Medium Term Fund (Direct) returned 8.6% a year and SBI Credit Risk Fund (Direct) returned 8.3% a year. Kotak Medium Term Fund charges 0.67% a year and SBI Credit Risk Fund 0.90% (Direct plans). Their portfolios overlap 13.8%: they hold 9 of the same securities.
Kotak Medium Term Fund
Medium Duration
- 3 year return
- 8.6%
- Expense ratio
- 0.67%
- NAV
- ₹27.43
Which is better, Kotak Medium Term or SBI Credit Risk? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Credit Risk returned more over 5 years: 7.6% a year against 7.2%.
- Kotak Medium Term returned more over 3 years: 8.6% a year against 8.3%.
- Kotak Medium Term costs less: 0.67% a year against 0.90% (Direct plans).
- SBI Credit Risk swung less over 3 years: a standard deviation of 1.0% a year against 1.4%.
- SBI Credit Risk fell less in its worst fall since 25-03-2014: −2.3% against −5.2%.
- SBI Credit Risk is the larger fund: ₹2,182 Cr against ₹1,912 Cr.
- Their portfolios overlap 13.8%: 9 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 Medium Term Fund | SBI Credit Risk Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Medium Duration | Credit Risk |
| AUM | ₹1,912 Cr (30-09-2026) | ₹2,182 Cr (30-09-2026) |
| NAV | ₹27.43 (Direct) | ₹54.11 (Direct) |
| Expense ratio (Direct) | 0.67% | 0.90% |
| Expense ratio (Regular) | 1.63% | 1.54% |
| Riskometer | Moderately High | High |
| Benchmark | CRISIL Medium Duration Debt A-III Index | NIFTY Credit Risk Bond Index B-II |
| Launch date | 21-03-2014 | 19-07-2004 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Deepak Agrawal, Vihag Mishra | Lokesh Mallya |
| Exit load | NIL | For units in excess of 8% of the investment, exit load of 3% if redeemed within 12 months, 1.5% if redeemed after 12 months but within 24 months and 0.75% if redeemed after 24 months but within 36 months |
Kotak Medium Term vs SBI Credit Risk: 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 Medium Term Fund (Direct) | −0.46% | +0.04% | +2.78% | +5.09% | +8.61% | +7.20% | +7.35% |
| SBI Credit Risk Fund (Direct) | −0.17% | +0.87% | +3.89% | +7.14% | +8.30% | +7.62% | +7.69% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
Category average: the average of the 13 Medium Duration funds and the 13 Credit Risk funds, same plan type.
Kotak Medium Term vs SBI Credit Risk: Year-wise Returns
| Year | Kotak Medium TermKotak Medium Term | SBI Credit RiskSBI Credit Risk |
|---|---|---|
| 2026to date | +3.99% | +6.02% |
| 2025 | +9.94% | +8.62% |
| 2024 | +10.07% | +8.80% |
| 2023 | +7.17% | +9.00% |
| 2022 | +4.27% | +4.90% |
| 2021 | +5.71% | +5.62% |
Kotak Medium Term vs SBI Credit Risk: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,322 of them, one for each trading day from 27-03-2017 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 Medium Term Fund (Direct)
SBI Credit Risk Fund (Direct)
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 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 Medium Term | 0.0 | 0.0 | 91.6 | 8.4 | 0.0 | 0.0 | 0.0 | 8.0% | 7.7% | 5.5% | 11.5% |
| SBI Credit Risk | 0.0 | 0.0 | 92.8 | 7.2 | 0.0 | 0.0 | 0.0 | 8.1% | 7.9% | 6.4% | 10.9% |
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 25-03-2014. Past returns do not promise future returns.
Kotak Medium Term vs SBI Credit Risk: 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 25-03-2014 to 30-10-2026: 152 instalments, ₹15,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Medium TermKotak Medium Term Fund (Direct) | ₹15,20,000 | ₹25,21,953 | ₹10,01,953 | 7.7% |
| SBI Credit RiskSBI Credit Risk Fund (Direct) | ₹15,20,000 | ₹25,64,279 | ₹10,44,279 | 7.9% |
Kotak Medium TermKotak Medium Term Fund (Direct)
SBI Credit RiskSBI Credit Risk 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 Medium Term vs SBI Credit Risk: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Medium Term Fund (Direct) | SBI Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.09% | +7.14% |
| Standard deviation | 1.70% | 1.26% |
| Sharpe ratio | -0.09 | 1.51 |
| Sortino ratio | -0.13 | 2.25 |
| Maximum drawdown | −1.2% (23-10-2026) | −0.6% (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 Medium Term Fund (Direct) | SBI Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.61% | +8.30% |
| Standard deviation | 1.44% | 1.04% |
| Sharpe ratio | 1.80 | 2.20 |
| Sortino ratio | 2.67 | 3.53 |
| Maximum drawdown | −1.2% (23-10-2026) | −0.6% (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 Medium Term Fund (Direct) | SBI Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +7.62% |
| Standard deviation | 1.46% | 1.17% |
| Sharpe ratio | 0.96 | 1.56 |
| Sortino ratio | 1.35 | 2.85 |
| Maximum drawdown | −1.5% (17-06-2022) | −0.7% (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 Medium Term Fund (Direct) | SBI Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.31% | +8.55% |
| Standard deviation | 1.92% | 1.25% |
| Sharpe ratio | 1.29 | 1.99 |
| Sortino ratio | 1.89 | 3.20 |
| Maximum drawdown | −5.2% (29-04-2020) | −2.3% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-03-2014 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 Medium Term Fund (Direct)
SBI Credit Risk Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Medium Term Fund (Direct) | −5.2% | 04-03-2020 | 29-04-2020 | 30-06-2020 | 2 months | −0.9% |
| SBI Credit Risk Fund (Direct) | −2.3% | 06-03-2020 | 24-03-2020 | 23-04-2020 | 30 days | −0.4% |
From daily values since 25-03-2014, 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 Medium Term Fund (Direct)
SBI Credit Risk 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 Medium Term Fund (Direct)
SBI Credit Risk 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 Medium Term Fund (Direct)
SBI Credit Risk Fund (Direct)
Kotak Medium Term vs SBI Credit Risk: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Medium Term Fund, September 2026; SBI Credit Risk Fund, September 2026
Holdings in common
- Overlap
- 13.8%
- Held by both
- 9
- Only in Kotak Medium Term
- 52
- Only in SBI Credit Risk
- 37
| Security | % of Kotak Medium Term | % of SBI Credit Risk |
|---|---|---|
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 5.64% | 4.45% |
| ADITYA BIRLA RENEWABLES LIMITED | 3.14% | 3.44% |
| INDUS INFRA TRUST | 1.55% | 2.18% |
| Karnataka State Govt - 2036 - Karnataka | 1.27% | 2.23% |
| GODREJ SEEDS AND GENETICS LTD. ( ) | 1.29% | 1.13% |
| CAPITAL INFRA TRUST | 1.32% | 0.66% |
| GODREJ SEEDS AND GENETICS LTD. ( ) | 0.65% | 1.13% |
| GODREJ SEEDS AND GENETICS LTD. ( ) | 0.65% | 1.13% |
| SBI ALTERNATIVE INVESTMENT FUND | 0.31% | 0.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.8% means 13.8% 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 Medium Term Fund
| Security | % of fund |
|---|---|
| L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (^) | 5.04% |
| BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD | 4.72% |
| ADANI POWER LTD | 4.68% |
| EMBASSY OFFICE PARKS REIT | 4.06% |
| 360 ONE PRIME LTD.(^) | 3.94% |
Largest holdings only in SBI Credit Risk Fund
| Security | % of fund |
|---|---|
| H.G. Infra Engineering Ltd. | 4.64% |
| NJ Capital Pvt. Ltd. | 4.54% |
| Renew Solar Energy (Jharkhand Five) Pvt. Ltd. | 4.53% |
| Tata Projects Ltd. | 4.53% |
| Lodha Developers Ltd. | 3.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Medium Term | SBI Credit Risk |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.2% | 87.5% |
| Cash and others | 13.8% | 12.5% |
Kotak Medium Term vs SBI Credit Risk: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Medium Term Fund | SBI Credit Risk Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.67% | 0.90% |
| Base expense ratio (Direct) | 0.57% | 0.76% |
| Total expense ratio (Regular) | 1.63% | 1.54% |
| Base expense ratio (Regular) | 1.38% | 1.31% |
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 Medium Term with
Kotak Medium Term Fund vs SBI Credit Risk Fund: Frequently Asked Questions
What is the difference between Kotak Medium Term Fund and SBI Credit Risk Fund?
Kotak Medium Term Fund is a Medium Duration fund, SBI Credit Risk Fund is a Credit Risk fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 13.8%. Kotak Medium Term Fund charges 0.67% a year and SBI Credit Risk Fund 0.90%.
Which has given higher returns, Kotak Medium Term Fund or SBI Credit Risk Fund?
Over 1 year: Kotak Medium Term Fund +5.09%, SBI Credit Risk Fund +7.14%. Over 3 years: Kotak Medium Term Fund +8.61% a year, SBI Credit Risk Fund +8.30% a year. Over 5 years: Kotak Medium Term Fund +7.20% a year, SBI Credit Risk Fund +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Medium Term Fund or SBI Credit Risk Fund?
Kotak Medium Term Fund charges less: 0.67% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Medium Term Fund and SBI Credit Risk Fund overlap?
13.8%. They hold 9 of the same securities, the largest shared ones being JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE), ADITYA BIRLA RENEWABLES LIMITED, INDUSINVIT. From each fund's latest monthly portfolio.
Which is riskier, Kotak Medium Term Fund or SBI Credit Risk Fund?
On SEBI's riskometer, Kotak Medium Term Fund is rated Moderately High and SBI Credit Risk Fund High. Over 3 years, the standard deviation of daily returns was 1.44% and 1.04% a year.
Which is better for SIP, Kotak Medium Term Fund or SBI Credit Risk Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,42,005 in Kotak Medium Term Fund (XIRR 7.7% a year) and ₹7,49,209 in SBI Credit Risk Fund (XIRR 8.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Medium Term Fund and SBI Credit Risk Fund?
Yes. 13.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Medium Term Fund and SBI Credit Risk Fund?
Kotak Medium Term Fund: Deepak Agrawal, Vihag Mishra. SBI Credit Risk Fund: Lokesh Mallya.
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.