Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund vs Kotak Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund is an Index fund and Kotak Short Term Fund is a Short Duration fund. In the year to 30-10-2026, Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) returned 5.0% and Kotak Short Term Fund (Direct) returned 4.3%. Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund charges 0.14% a year and Kotak Short Term Fund 0.38% (Direct plans). Their portfolios overlap 11.1%: they hold 6 of the same securities.
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund
Index
- 1 year return
- 5.0%
- Expense ratio
- 0.14%
- NAV
- ₹10.71
Kotak Short Term Fund
Short Duration
- 1 year return
- 4.3%
- Expense ratio
- 0.38%
- NAV
- ₹61.26
Which is better, Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index returned more over 1 year: 5.0% against 4.3%.
- Kotak Nifty AAA Bond Financial Services Mar 2028 Index costs less: 0.14% a year against 0.38% (Direct plans).
- Kotak Short Term fell less in its worst fall since 14-07-2025: −0.5% against −0.5%.
- Kotak Short Term is the larger fund: ₹14,241 Cr against ₹286 Cr.
- Their portfolios overlap 11.1%: 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund | Kotak Short Term Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Short Duration |
| AUM | ₹286 Cr (30-09-2026) | ₹14,241 Cr (30-09-2026) |
| NAV | ₹10.71 (Direct) | ₹61.26 (Direct) |
| Expense ratio (Direct) | 0.14% | 0.38% |
| Expense ratio (Regular) | 0.34% | 1.12% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | Nifty AAA Financial Services Bond Mar 2028 Index | NIFTY Short Duration Debt Index A-II |
| Launch date | 09-07-2025 | 02-05-2002 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Bisen | Deepak Agrawal, Abhishek Bisen |
| Exit load | NIL | Nil |
Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) | +0.07% | +0.83% | +2.78% | +4.97% | -- | -- | -- |
| Kotak Short Term Fund (Direct) | −0.17% | +0.25% | +2.38% | +4.35% | +7.23% | +6.35% | +7.16% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 25 Short Duration funds, same plan type.
Kotak Nifty AAA Bond Financial Services Mar 2028 Index vs Kotak Short Term: Year-wise Returns
| Year | Nifty AAA Bond Financial Services Mar 2028 IndexKotak Nifty AAA Bond Financial Services Mar 2028 Index | Short TermKotak Short Term |
|---|---|---|
| 2026to date | +4.01% | +3.54% |
| 2025 | -- | +8.09% |
| 2024 | -- | +8.56% |
| 2023 | -- | +7.31% |
| 2022 | -- | +3.85% |
| 2021 | -- | +4.13% |
Kotak Nifty AAA Bond Financial Services Mar 2028 Index vs Kotak Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 73 of them, one for each trading day from 14-07-2026 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)
Kotak Short Term Fund (Direct)
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
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 Nifty AAA Bond Financial Services Mar 2028 Index | 0.0 | 5.5 | 94.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.8% | 5.0% | 6.1% |
| Kotak Short Term | 0.0 | 20.5 | 79.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.4% | 5.5% | 4.3% | 6.1% |
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 14-07-2025. Past returns do not promise future returns.
Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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 14-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty AAA Bond Financial Services Mar 2028 IndexKotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) | ₹1,60,000 | ₹1,65,690 | ₹5,690 | 5.1% |
| Kotak Short TermKotak Short Term Fund (Direct) | ₹1,60,000 | ₹1,64,844 | ₹4,844 | 4.3% |
Kotak Nifty AAA Bond Financial Services Mar 2028 IndexKotak Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.97% | +4.35% |
| Standard deviation | 0.96% | 1.13% |
| Sharpe ratio | -0.29 | -0.79 |
| Sortino ratio | -0.40 | -1.09 |
| Maximum drawdown | −0.5% (21-05-2026) | −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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) | Kotak Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.34% | +7.81% |
| Standard deviation | 0.89% | 1.43% |
| Sharpe ratio | 0.03 | 1.23 |
| Sortino ratio | 0.04 | 1.80 |
| Maximum drawdown | −0.5% (21-05-2026) | −3.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-07-2025 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 Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct) | −0.5% | 08-05-2026 | 21-05-2026 | 05-06-2026 | 15 days | −0.1% |
| Kotak Short Term Fund (Direct) | −0.5% | 08-05-2026 | 21-05-2026 | 05-06-2026 | 15 days | −0.3% |
From daily values since 14-07-2025, 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)
Kotak Short Term Fund (Direct)
Kotak Nifty AAA Bond Financial Services Mar 2028 Index vs Kotak Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund, September 2026; Kotak Short Term Fund, September 2026
Holdings in common
- Overlap
- 11.1%
- Held by both
- 6
- Only in Kotak Nifty AAA Bond Financial Services Mar 2028 Index
- 8
- Only in Kotak Short Term
- 86
| Security | % of Kotak Nifty AAA Bond Financial Services Mar 2028 Index | % of Kotak Short Term |
|---|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 5.21% | 4.23% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.48% | 2.66% |
| Power Finance Corporation Ltd. | 1.74% | 3.33% |
| LIC HOUSING FINANCE LTD. | 6.97% | 1.05% |
| TATA CAPITAL LTD. | 8.70% | 0.70% |
| REC LTD | 6.88% | 0.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.1% means 11.1% 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD. | 8.70% |
| ADITYA BIRLA HOUSING FINANCE LTD | 8.69% |
| HDB FINANCIAL SERVICES LTD. | 7.13% |
| TATA CAPITAL HOUSING FINANCE LTD. | 6.94% |
| BAJAJ HOUSING FINANCE LTD. | 6.94% |
Largest holdings only in Kotak Short Term Fund
| Security | % of fund |
|---|---|
| LIC HOUSING FINANCE LTD. | 3.47% |
| MINDSPACE BUSINESS PARKS REIT | 2.83% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 2.78% |
| BROOKFIELD REIT | 2.76% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 2.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty AAA Bond Financial Services Mar 2028 Index | Kotak Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 83.8% | 91.9% |
| Cash and others | 16.2% | 8.1% |
Kotak Nifty AAA Bond Financial Services Mar 2028 Index vs Kotak Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund | Kotak Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 0.38% |
| Base expense ratio (Direct) | 0.12% | 0.33% |
| Total expense ratio (Regular) | 0.34% | 1.12% |
| Base expense ratio (Regular) | 0.29% | 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
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund vs Kotak Short Term Fund: Frequently Asked Questions
What is the difference between Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund and Kotak Short Term Fund?
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund is an Index fund, Kotak Short Term Fund is a Short Duration fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 11.1%. Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund charges 0.14% a year and Kotak Short Term Fund 0.38%.
Which has given higher returns, Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund or Kotak Short Term Fund?
Over 1 year: Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund +4.97%, Kotak Short Term Fund +4.35%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund or Kotak Short Term Fund?
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund charges less: 0.14% a year against 0.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund and Kotak Short Term Fund overlap?
11.1%. They hold 6 of the same securities, the largest shared ones being NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, Power Finance Corporation Ltd.. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund or Kotak Short Term Fund?
On SEBI's riskometer, Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund is rated Low to Moderate and Kotak Short Term Fund Moderate. Over 1 years, the standard deviation of daily returns was 0.96% and 1.13% a year.
Can I invest in both Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund and Kotak Short Term Fund?
Yes. 11.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund and Kotak Short Term Fund?
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund: Abhishek Bisen. 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.