Kotak Credit Risk Fund is a Credit Risk fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹769 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.3% a year and its Regular plan returned 7.3% a year.
NAV on 30-10-2026: Direct Plan Growth ₹36.31 (up 0.16% that day); Regular Plan Growth ₹31.88 (up 0.15% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | −0.05% | +0.81% | +3.27% | +5.95% | +8.31% | +6.63% | +7.24% |
| This fund (Regular) | −0.13% | +0.58% | +2.79% | +4.98% | +7.31% | +5.63% | +6.23% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
| Best in Credit Risk | +0.23% | +1.32% | +3.89% | +16.97% | +13.69% | +27.83% | +9.17% |
| Worst in Credit Risk | −0.17% | +0.35% | +2.76% | +5.00% | +7.09% | +6.26% | +2.38% |
| Rank in Credit Risk | 7/13 | 7/13 | 8/13 | 10/13 | 9/13 | 11/12 | 7/11 |
Category rows compare the Direct plans of 13 Credit Risk funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Credit Risk Debt B-II Index. Returns of that index are not available to us, so the category average is the comparison.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +4.99% | +4.19% |
| 2025 | +10.12% | +9.11% |
| 2024 | +8.13% | +7.12% |
| 2023 | +7.45% | +6.43% |
| 2022 | +1.89% | +0.90% |
| 2021 | +6.37% | +5.30% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,618 periods, one for each trading day from 04-01-2016 to 30-10-2026.
Kotak Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 3,092 | 8.3% | 1.0% | 13.6% | 0% | 8.8% | 40% |
| 2 years | 2,858 | 8.3% | 4.0% | 12.3% | 0% | 8.3% | 48% |
| 3 years | 2,618 | 8.2% | 4.6% | 12.1% | 0% | 7.8% | 55% |
| 5 years | 2,133 | 7.2% | 6.1% | 10.4% | 0% | 6.9% | 67% |
| 7 years | 1,651 | 7.4% | 6.6% | 9.9% | 0% | 7.0% | 92% |
| 10 years | 923 | 8.0% | 7.2% | 8.4% | 0% | 7.5% | 100% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 154 | 8.4% | −0.9% | 14.5% | 1% | 8.8% | 44% |
| 2 years | 142 | 8.3% | 2.7% | 12.9% | 0% | 8.4% | 40% |
| 3 years | 130 | 8.1% | 4.1% | 12.3% | 0% | 7.8% | 58% |
| 5 years | 106 | 7.7% | 5.5% | 9.9% | 0% | 7.0% | 55% |
| 7 years | 82 | 7.2% | 6.1% | 9.5% | 0% | 6.4% | 56% |
| 10 years | 46 | 7.3% | 7.1% | 7.5% | 0% | 7.0% | 57% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | Kotak Credit Risk Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +5.95% | +7.84% |
| Standard deviation | 1.42% | 1.21% |
| Sharpe ratio | 0.50 | 2.14 |
| Sortino ratio | 0.70 | 3.69 |
| Maximum drawdown | −0.64% (23-10-2026) | −0.36% (23-10-2026) |
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.
| Measure | Kotak Credit Risk Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +8.31% | +9.43% |
| Standard deviation | 1.54% | 1.13% |
| Sharpe ratio | 1.48 | 3.03 |
| Sortino ratio | 1.96 | 6.53 |
| Maximum drawdown | −1.5% (30-09-2024) | −0.36% (23-10-2026) |
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.
| Measure | Kotak Credit Risk Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.63% | +8.38% |
| Standard deviation | 1.64% | 1.12% |
| Sharpe ratio | 0.51 | 2.30 |
| Sortino ratio | 0.61 | 4.39 |
| Maximum drawdown | −3.1% (13-05-2022) | −1.1% (06-05-2022) |
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.
| Measure | Kotak Credit Risk Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +7.24% | +7.15% |
| Standard deviation | 1.78% | 1.58% |
| Sharpe ratio | 1.03 | 1.11 |
| Sortino ratio | 1.40 | 1.54 |
| Maximum drawdown | −3.9% (29-04-2020) | −3.7% (24-03-2020) |
From daily NAVs, 28-10-2016 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.
| Measure | Kotak Credit Risk Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +8.15% | +8.09% |
| Standard deviation | 1.79% | 1.51% |
| Sharpe ratio | 1.18 | 1.35 |
| Sortino ratio | 1.58 | 1.87 |
| Maximum drawdown | −3.9% (29-04-2020) | −3.7% (24-03-2020) |
From daily NAVs, 04-01-2013 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.
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 Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| Kotak Credit Risk Fund (Direct) | −3.9% | 04-03-2020 | 29-04-2020 | 02-07-2020 | 2 months | −0.27% |
| Category average | −3.7% | 14-02-2020 | 24-03-2020 | 30-07-2020 | 4 months | −0.13% |
From the Direct plan's daily NAV since 04-01-2013, adjusted for unit splits, and the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five Credit Risk funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| DSP Credit Risk Fund | 1/13 | 326 | 0.42% | +10.33% | +13.69% | -- | -- | 1.25 | 7.29 | Compare |
| Aditya Birla Sun Life Credit Risk Fund | 2/13 | 1,657 | 0.80% | +11.12% | +12.89% | -- | -- | 2.03 | 10.06 | Compare |
| HSBC Credit Risk Fund | 3/13 | 441 | 0.84% | +5.68% | +11.54% | -- | -- | 0.86 | 11.11 | Compare |
| Bank of India Credit Risk Fund | 4/13 | 74 | 0.61% | +16.97% | +10.00% | -- | -- | 0.93 | 11.45 | Compare |
| ICICI Prudential Credit Risk Fund | 5/13 | 6,320 | 0.80% | +6.83% | +8.82% | -- | -- | 2.37 | 3.61 | Compare |
| Kotak Credit Risk Fund | 9/13 | 769 | 0.81% | +5.95% | +8.31% | -- | -- | 1.48 | 1.96 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 01-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Credit Risk median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.69% | 0.00% | 0.00% | 0.12% | 0.81% | 0.80% | 9/13 |
| Regular | 1.47% | 0.00% | 0.00% | 0.26% | 1.73% | 1.51% | 13/13 |
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Credit Risk funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | 4.98% | 5.95% | 0.97% | ₹1,04,980 | ₹1,05,950 |
| 3 years | 7.31% | 8.31% | 1.00% a year | ₹1,23,572 | ₹1,27,059 |
| 5 years | 5.63% | 6.63% | 1.00% a year | ₹1,31,503 | ₹1,37,847 |
| 10 years | 6.23% | 7.24% | 1.01% a year | ₹1,83,009 | ₹2,01,172 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 04-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planKotak Credit Risk Fund (Direct) | ₹16,60,000 | ₹28,85,752 | ₹12,25,752 | 7.6% |
| Regular planKotak Credit Risk Fund (Regular) | ₹16,60,000 | ₹26,68,645 | ₹10,08,645 | 6.6% |
| Category averageCategory average, 13 Credit Risk funds | ₹16,60,000 | ₹29,26,359 | ₹12,66,359 | 7.8% |
Direct planKotak Credit Risk Fund (Direct)
Regular planKotak Credit Risk Fund (Regular)
Category averageCategory average, 13 Credit Risk funds
Amount invested
From each plan's published NAV (Growth option) and the category average, 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.
Asset allocation as on 30-09-2026
79.4%Debt
| Asset | Fund | Category |
|---|---|---|
| Debt | 79.4% | 79.5% |
| Cash and others | 20.6% | 20.5% |
Bonds and money market papers by credit rating, % of the fund. Category: the average of 13 Credit Risk funds.
| Rating | Fund | Category |
|---|---|---|
| Sovereign | 6.3% | 9.3% |
| AAA and A1+ | 3.8% | 8.9% |
| AA | 60.7% | 56.7% |
| A and below | 8.6% | 4.6% |
As on 30-09-2026 · 41 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) · Bond | CRISIL AA | 7.31% | ||
| VEDANTA LTD. · Bond | ICRA AA+ | 6.55% | ||
| BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD · Bond | ICRA A+(CE) | 6.52% | ||
| TATA PROJECTS LTD. · Bond | CRISIL AA | 6.50% | ||
| MUTHOOT FINANCE LTD.(^) · Bond | CRISIL AA+ | 6.49% | ||
| ADITYA BIRLA REAL ESTATE LTD · Bond | CARE AA | 5.81% | ||
| ADITYA BIRLA RENEWABLES LIMITED · Bond | CRISIL AA | 5.20% | ||
| INDUS INFRA TRUST | Transport Infrastructure | 4.60% | ||
| AU SMALL FINANCE BANK LTD. · Bond | CRISIL AA | 3.91% | ||
| 360 ONE PRIME LTD.(^) · Bond | ICRA AA | 3.27% | ||
| MAS FINANCIAL SERVICES LTD.(^) · Bond | CARE AA- | 3.22% | ||
| REC LTD · Bond | ICRA AAA | 3.20% | ||
| Karnataka State Govt - 2036 - Karnataka · State government security | SOV | 3.17% | ||
| EMBASSY OFFICE PARKS REIT | Realty | 3.16% | ||
| AADHAR HOUSING FINANCE LIMITED · Bond | ICRA AA+ | 2.61% | ||
| AADHAR HOUSING FINANCE LIMITED · Bond | ICRA AA+ | 2.59% | ||
| Central Government - 2035 · Government security | SOV | 2.48% | ||
| ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITED · Bond | FITCH AA(CE) | 1.98% | ||
| BROOKFIELD REIT | Realty | 1.65% | ||
| THDC India Ltd. (THDCIL) · Bond | CARE AA+ | 1.30% | ||
| GODREJ SEEDS AND GENETICS LTD. ( ) · Bond | CRISIL AA | 0.80% | ||
| GODREJ SEEDS AND GENETICS LTD. ( ) · Bond | CRISIL AA | 0.80% | ||
| GODREJ SEEDS AND GENETICS LTD. ( ) · Bond | CRISIL AA | 0.80% | ||
| GODREJ SEEDS AND GENETICS LTD. ( ) · Bond | CRISIL AA | 0.80% | ||
| Central Government - 2066 · Government security | SOV | 0.65% | ||
| Nirma Ltd. · Bond | FITCH AA | 0.65% | ||
| SBI ALTERNATIVE INVESTMENT FUND | Alternative Investment Fund | 0.55% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.46% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.45% | ||
| CUBE HIGHWAYS TRUST | Transport Infrastructure | 0.42% | ||
| PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST) | ICRA AAA(SO) | 0.31% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.26% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.26% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.26% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.23% | ||
| PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST) | CRISIL AAA(SO) | 0.21% | ||
| U P Power Corporation Ltd ( Guaranteed By UP State Government ) · Bond | CRISIL A+(CE) | 0.13% | ||
| SURAT MUNICIPAL CORPORATION | CRISIL AA+ | 0.07% | ||
| SURAT MUNICIPAL CORPORATION | CRISIL AA+ | 0.07% | ||
| PTC VAJRA TRUST (SERIES A1) 20/02/2029 (MAT 20/02/2027)(VAJRA TRUST) | ICRA AAA(SO) | 0.06% | ||
| YES BANK LTD.- AT1 Bonds · Bond | ICRA D | 0.00% |
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Kotak Medium Term FundMedium Duration · Kotak Mahindra | 35.7% | 27 | Compare |
| HDFC Credit Risk FundCredit Risk · HDFC | 16.5% | 11 | Compare |
| Axis Credit Risk FundCredit Risk · Axis | 13.1% | 9 | Compare |
| Mahindra Manulife Dynamic Term FundDynamic Bond · Mahindra Manulife | 12.3% | 4 | Compare |
| SBI Credit Risk FundCredit Risk · SBI | 11.9% | 9 | Compare |
| Axis Floating Interest Rates FundFloater · Axis | 11.6% | 7 | Compare |
| Mahindra Manulife Short Term FundShort Duration · Mahindra Manulife | 11.4% | 5 | Compare |
| ICICI Prudential Credit Risk FundCredit Risk · ICICI Prudential | 11.3% | 13 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Standard Income Distribution Cum Capital Withdrawal | ₹27.2681 | 30-10-2026 |
| direct | Growth | ₹36.3056 | 30-10-2026 |
| regular | Standard Income Distribution Cum Capital Withdrawal | ₹13.8654 | 30-10-2026 |
| regular | Growth | ₹31.8827 | 30-10-2026 |
Kotak Credit Risk Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Credit Risk. It was launched on 11-05-2010. Its benchmark is CRISIL Credit Risk Debt B-II Index. At the end of September 2026 it held 41 securities.
Vihag Mishra
Fund manager of Kotak Credit Risk Fund, since 24-10-2025
Deepak Agrawal
Fund manager of Kotak Credit Risk Fund, since 12-04-2010
See all funds of Kotak Mahindra Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹36.3056. The Regular plan NAV is ₹31.8827, as on 30-10-2026.
The Direct plan returned +5.95% in 1 year, +8.31% a year over 3 years, +6.63% a year over 5 years. The Regular plan returned +4.98% in 1 year, +7.31% a year over 3 years, +5.63% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 0.81% a year. The Regular plan charges 1.73% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
Kotak Credit Risk Fund managed ₹769.05 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) (7.31%), VEDANTA LTD. (6.55%), BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LTD (6.52%), TATA PROJECTS LTD. (6.50%), MUTHOOT FINANCE LTD.(^) (6.49%). The fund held 41 securities in all.
Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Vihag Mishra (since 24-10-2025), Deepak Agrawal (since 12-04-2010).
Exit load for units in excess of 6% of the investment,1% will be charged for redemption within 365 days
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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