Kotak Dynamic Term Fund is a Dynamic Bond fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹2,219 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.7% a year and its Regular plan returned 6.9% a year. Its benchmark, NIFTY Composite Debt Index A-III, returned 6.3% a year over the same 3 years.
NAV (Direct plan)
₹43.39
▲ 0.16% · 30-10-2026
NAV (Regular plan)
₹39.38
▲ 0.15% · 30-10-2026
Expense ratio
0.61%Direct1.35%Regular
0.61%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
7.7%Direct6.9%Regular
7.7%
A year
Kotak Dynamic Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹43.39 (up 0.16% that day); Regular Plan Growth ₹39.38 (up 0.15% that day).
This fund (Direct plan)
₹43.3895
Kotak Dynamic Term Fund Returns vs NIFTY Composite Debt Index A-III
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.41%
−0.15%
+3.09%
+4.69%
+7.68%
+6.44%
+7.53%
This fund (Regular)
−0.47%
−0.33%
+2.71%
+3.92%
+6.86%
+5.57%
+6.75%
NIFTY Composite Debt Index A-III
−0.51%
−0.72%
+1.82%
+2.59%
+6.26%
+5.39%
--
Dynamic Bond average
−0.48%
−0.66%
+1.80%
+3.05%
+6.70%
+5.98%
+6.68%
Best in Dynamic Bond
+0.28%
+0.95%
+4.47%
+6.90%
+8.03%
+7.47%
+7.73%
Worst in Dynamic Bond
−1.14%
−1.96%
−0.44%
−0.31%
+4.74%
+3.96%
+5.07%
Rank in Dynamic Bond
10/22
5/22
2/22
4/22
3/22
6/20
2/16
Category rows compare the Direct plans of 22 Dynamic Bond funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
Kotak Dynamic Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+3.99%
+3.35%
2025
+6.72%
+5.93%
2024
+10.14%
+9.27%
2023
+7.47%
+6.51%
2022
+3.47%
+2.50%
2021
+3.95%
+3.18%
Kotak Dynamic Term Fund Rolling Returns
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.
0%5%10%15%
Kotak Dynamic Term Fund (Direct)
Category average, 22 Dynamic Bond funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Kotak Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds
0%
0%
Below 0%
2%
2%
0-5%
75%
86%
5-10%
23%
12%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,094
9.1%
1.7%
17.2%
0%
7.6%
72%
2 years
2,859
8.9%
3.5%
13.4%
0%
8.1%
74%
3 years
2,618
9.0%
4.5%
12.3%
0%
7.7%
85%
5 years
2,135
8.2%
6.2%
10.8%
0%
7.2%
100%
7 years
1,653
8.4%
7.0%
10.5%
0%
7.4%
100%
10 years
925
8.6%
7.5%
8.9%
0%
7.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.7%
0.1%
20.1%
0%
7.9%
70%
2 years
142
8.9%
2.4%
15.2%
0%
7.8%
77%
3 years
130
8.5%
4.3%
13.6%
0%
7.6%
84%
5 years
106
8.1%
6.2%
10.8%
0%
7.4%
99%
7 years
82
7.7%
6.6%
10.6%
0%
7.0%
100%
10 years
46
8.0%
7.2%
8.4%
0%
7.2%
100%
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 22 Dynamic Bond funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Kotak Dynamic Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+4.69%
+3.05%
Standard deviation
2.34%
1.89%
Sharpe ratio
-0.24
-1.17
Sortino ratio
-0.33
-1.57
Maximum drawdown
−1.6%
(23-10-2026)
−1.6%
(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 Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.68%
+6.70%
Standard deviation
2.40%
1.95%
Sharpe ratio
0.69
0.35
Sortino ratio
0.97
0.49
Maximum drawdown
−2.4%
(26-08-2025)
−1.7%
(26-08-2025)
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 Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.44%
+5.96%
Standard deviation
2.19%
1.77%
Sharpe ratio
0.29
0.09
Sortino ratio
0.41
0.13
Maximum drawdown
−2.4%
(26-08-2025)
−1.7%
(26-08-2025)
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 Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.53%
+6.59%
Standard deviation
2.48%
2.28%
Sharpe ratio
0.86
0.52
Sortino ratio
1.25
0.76
Maximum drawdown
−3.2%
(19-03-2020)
−2.8%
(10-03-2017)
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 Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+8.42%
+7.61%
Standard deviation
2.33%
2.49%
Sharpe ratio
1.02
0.63
Sortino ratio
1.49
0.91
Maximum drawdown
−3.2%
(19-03-2020)
−4.7%
(19-08-2013)
From daily NAVs, 02-01-2013 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.
−5%−4%−3%−2%−1%0%
Kotak Dynamic Term Fund (Direct)
Category average, 22 Dynamic Bond funds
2014201620182020202220242026
Kotak Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak Dynamic Term Fund (Direct)
−3.2%
06-03-2020
19-03-2020
22-04-2020
34 days
−1.2%
Category average
−4.7%
28-05-2013
19-08-2013
09-01-2014
5 months
−1.4%
From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 22 Dynamic Bond 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.
Kotak Dynamic Term Fund vs Other Dynamic Bond Funds
The five Dynamic Bond funds with the best three year return, and this fund. Direct plans.
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.
Kotak Dynamic Term Fund Expense Ratio and Costs
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
Dynamic Bond median
Cost rank (1 = cheapest)
Direct
0.50%
0.01%
0.00%
0.10%
0.61%
0.52%
14/22
Regular
1.13%
0.01%
0.00%
0.21%
1.35%
1.30%
13/22
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 Dynamic Bond 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
3.92%
4.69%
0.77%
₹1,03,920
₹1,04,690
3 years
6.86%
7.68%
0.82% a year
₹1,22,024
₹1,24,855
5 years
5.57%
6.44%
0.87% a year
₹1,31,130
₹1,36,623
10 years
6.75%
7.53%
0.78% a year
₹1,92,167
₹2,06,679
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.
Kotak Dynamic Term Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planKotak Dynamic Term Fund (Direct)
₹16,60,000
₹29,20,739
₹12,60,739
7.8%
Regular planKotak Dynamic Term Fund (Regular)
₹16,60,000
₹27,48,644
₹10,88,644
7.0%
Category averageCategory average, 22 Dynamic Bond funds
₹16,60,000
₹27,42,378
₹10,82,378
6.9%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planKotak Dynamic Term Fund (Direct)
Regular planKotak Dynamic Term Fund (Regular)
Category averageCategory average, 22 Dynamic Bond funds
Amount invested
2014201620182020202220242026
Direct planKotak Dynamic Term Fund (Direct)Regular planKotak Dynamic Term Fund (Regular)Category averageCategory average, 22 Dynamic Bond fundsAmount 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.
Kotak Dynamic Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
76.9%Debt
Asset
Fund
Category
Debt
76.9%
78.5%
Cash and others
23.1%
21.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 22 Dynamic Bond funds.
Rating
Fund
Category
Sovereign
25.2%
41.1%
AAA and A1+
28.9%
29.6%
AA
22.9%
7.6%
Kotak Dynamic Term Fund Portfolio Holdings
As on 30-09-2026 · 34 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Central Government - 2065 · Government security
SOV
17.38%
HDFC BANK LTD. · Certificate of deposit
CARE A1+
8.84%
PUNJAB NATIONAL BANK · Certificate of deposit
CRISIL A1+
7.70%
MUTHOOT FINANCE LTD. · Bond
CRISIL AA+
6.80%
VEDANTA LTD. ( Axis Trustee Services Ltd.) · Bond
CRISIL AA+
6.79%
Central Government - 2063 · Government security
SOV
4.88%
ADANI POWER LTD · Bond
CRISIL AA
4.26%
INDUS INFRA TRUST
Transport Infrastructure
4.00%
Tata Steel Ltd. · Bond
CARE AA+
3.32%
AXIS BANK LTD.
CRISIL A1+
2.20%
CANARA BANK · Certificate of deposit
CRISIL A1+
2.20%
INDIGRID INFRASTRUCTURE TRUST · Bond
CRISIL AAA
2.19%
EMBASSY OFFICE PARKS REIT
Realty
2.19%
ONGC PETRO ADDITIONS LTD. · Bond
CRISIL AAA(CE)
2.17%
CAPITAL INFRA TRUST
Construction
2.01%
Maharashtra State Govt - 2035 - Maharashtra · State government security
SOV
1.49%
BAJAJ FINANCE LTD. · Bond
CRISIL AAA
1.13%
MUTHOOT FINANCE LTD. · Bond
CRISIL AA+
1.12%
CANARA BANK · Certificate of deposit
CRISIL A1+
1.11%
INDIAN BANK · Certificate of deposit
CRISIL A1+
1.10%
Central Government - 2053 · Government security
SOV
1.07%
NEXUS SELECT TRUST REIT
Realty
0.80%
BROOKFIELD REIT
Realty
0.75%
TORRENT PHARMACEUTICALS LTD. · Bond
ICRA AA+
0.56%
SBI ALTERNATIVE INVESTMENT FUND
Alternative Investment Fund
0.40%
CUBE HIGHWAYS TRUST
Transport Infrastructure
0.29%
Karnataka State Govt - 2035 - Karnataka · State government security
SOV
0.25%
REC LTD · Bond
CRISIL AAA
0.23%
REC LTD · Bond
CRISIL AAA
0.05%
Tamil Nadu State Govt - 2031 - Tamil Nadu · State government security
SOV
0.04%
Karnataka State Govt - 2036 - Karnataka · State government security
SOV
0.02%
Karnataka State Govt - 2030 - Karnataka · State government security
SOV
0.02%
Uttar Pradesh State Govt - 2030 - Uttar Pradesh · State government security
SOV
0.01%
Central Government - 2050 · Government security
SOV
0.00%
Kotak Dynamic Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
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.
Kotak Dynamic Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.61%
Expense ratio (Regular)
1.35%
Category
Dynamic Bond
Risk
Moderately High
Benchmark
NIFTY Composite Debt Index A-III
Launch date
26-05-2008
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹2,218.84 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119755
ISIN (Direct)
INF174K01JU2
Scheme code (Regular)
108511
ISIN (Regular)
INF174K01FA2
NAV history
From 02-01-2013, 13.8 years
Exit load
Nil
Tax on Kotak Dynamic Term Fund returns
Kotak Dynamic Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Standard Income Distribution Cum Capital Withdrawal
₹15.2278
30-10-2026
direct
Growth
₹43.3895
30-10-2026
regular
Standard Income Distribution Cum Capital Withdrawal
₹14.8377
30-10-2026
regular
Growth
₹39.3841
30-10-2026
About Kotak Dynamic Term Fund
Kotak Dynamic Term Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Dynamic Bond. It was launched on 26-05-2008. Its benchmark is NIFTY Composite Debt Index A-III. At the end of September 2026 it held 34 securities.
Fund Manager
Deepak Agrawal
Fund manager of Kotak Dynamic Term Fund, since 26-05-2008
Abhishek Bisen
Fund manager of Kotak Dynamic Term Fund, since 01-11-2022
Frequently Asked Questions for Kotak Dynamic Term Fund
What is the current NAV of Kotak Dynamic Term Fund?
The Direct plan NAV is ₹43.3895. The Regular plan NAV is ₹39.3841, as on 30-10-2026.
What are the returns of Kotak Dynamic Term Fund?
The Direct plan returned +4.69% in 1 year, +7.68% a year over 3 years, +6.44% a year over 5 years. The Regular plan returned +3.92% in 1 year, +6.86% a year over 3 years, +5.57% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak Dynamic Term Fund?
The Direct plan charges 0.61% a year. The Regular plan charges 1.35% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Kotak Dynamic Term Fund?
Kotak Dynamic Term Fund managed ₹2,218.84 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak Dynamic Term Fund?
At the end of September 2026 the largest holdings were Central Government - 2065 (17.38%), HDFC BANK LTD. (8.84%), PUNJAB NATIONAL BANK (7.70%), MUTHOOT FINANCE LTD. (6.80%), VEDANTA LTD. ( Axis Trustee Services Ltd.) (6.79%). The fund held 34 securities in all.
How do I invest in Kotak Dynamic Term Fund?
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.
Who is the fund manager of Kotak Dynamic Term Fund?
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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