Kotak Floating Interest Rates Fund

FloaterDirect and Regular plans, Growth option

Data as on 30-10-2026

Kotak Floating Interest Rates Fund is a Floater fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹3,240 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.5% a year and its Regular plan returned 7.1% a year. Its benchmark, NIFTY Short Duration Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹1,667.55; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹1,620.61; ▲ 0.03%30-10-2026
Expense ratio: 0.24%Direct0.62%Regular; 0.24%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.5%Direct7.1%Regular; 7.5%; A year

Kotak Floating Interest Rates Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹1,667.55 (up 0.03% that day); Regular Plan Growth ₹1,620.61 (up 0.03% that day).

This fund (Direct plan)

₹1,667.5497

Kotak Floating Interest Rates Fund Returns vs NIFTY Short Duration Debt Index A-II

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)	−0.01%	+0.44%	+2.55%	+5.05%	+7.49%	+6.65%	--
This fund (Regular)	−0.04%	+0.35%	+2.35%	+4.64%	+7.06%	+6.23%	--
NIFTY Short Duration Debt Index A-II	+0.14%	+0.49%	+2.66%	+4.41%	+6.61%	+5.84%	--
Floater average	−0.01%	+0.56%	+2.76%	+5.43%	+7.47%	+6.73%	--
Best in Floater	+0.19%	+0.99%	+3.44%	+6.14%	+8.24%	+7.15%	--
Worst in Floater	−0.41%	−0.05%	+2.46%	+4.41%	+6.95%	+6.31%	--
Rank in Floater	8/12	9/12	9/12	10/12	5/12	9/12	--

Category rows compare the Direct plans of 12 Floater funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Kotak Floating Interest Rates Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.97%	+3.63%
2025	+8.64%	+8.21%
2024	+8.63%	+8.20%
2023	+7.67%	+7.23%
2022	+3.89%	+3.47%
2021	+4.62%	+4.20%

Kotak Floating Interest Rates 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 1,081 periods, one for each trading day from 17-05-2022 to 30-10-2026.

0%2%4%6%8%10%

Sept 2019
to
Sept 2022Jun 2020
to
Jun 2023Mar 2021
to
Mar 2024Dec 2021
to
Dec 2024Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026

Kotak Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,567	7.7%	2.6%	12.0%	0%	7.7%	56%
2 years	1,323	7.7%	4.1%	9.0%	0%	7.4%	65%
3 years	1,081	6.7%	5.3%	8.4%	0%	6.4%	72%
5 years	596	7.0%	6.6%	7.7%	0%	6.8%	87%
7 years	112	7.2%	7.1%	7.3%	0%	7.0%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	78	7.5%	1.6%	13.4%	0%	7.5%	55%
2 years	66	7.2%	3.6%	9.6%	0%	6.9%	48%
3 years	54	7.0%	5.2%	9.0%	0%	7.1%	56%
5 years	30	7.4%	6.6%	7.7%	0%	7.3%	83%

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 12 Floater funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Kotak Floating Interest Rates Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Kotak Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+5.05%	+5.43%
Standard deviation	0.99%	0.90%
Sharpe ratio	-0.20	0.20
Sortino ratio	-0.27	0.29
Maximum drawdown	−0.46% (21-05-2026)	−0.32% (21-05-2026)

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 Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+7.49%	+7.47%
Standard deviation	0.77%	0.76%
Sharpe ratio	1.91	1.92
Sortino ratio	2.98	3.05
Maximum drawdown	−0.46% (21-05-2026)	−0.32% (21-05-2026)

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 Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.65%	+6.73%
Standard deviation	0.87%	0.71%
Sharpe ratio	0.98	1.32
Sortino ratio	1.32	1.99
Maximum drawdown	−1.1% (06-05-2022)	−0.51% (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 Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+7.09%	+7.00%
Standard deviation	1.37%	1.01%
Sharpe ratio	1.41	1.84
Sortino ratio	2.35	3.34
Maximum drawdown	−2.0% (26-03-2020)	−1.8% (24-03-2020)

From daily NAVs, 16-05-2019 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.

−2.5%−2%−1.5%−1%−0.5%0%

2020202120222023202420252026

Kotak Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Floating Interest Rates Fund (Direct)	−2.0%	06-03-2020	26-03-2020	30-03-2020	4 days	−0.15%
Category average	−1.8%	06-03-2020	24-03-2020	31-03-2020	7 days	−0.09%

From the Direct plan's daily NAV since 16-05-2019, adjusted for unit splits, and the average of the 12 Floater 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 Floating Interest Rates Fund vs Other Floater Funds

The five Floater 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
Axis Floating Interest Rates Fund	1/12	149	0.22%	+6.06%	+8.24%	--	--	1.07	1.58	Compare
Franklin India Floating Interest Rates Fund	2/12	256	0.38%	+5.89%	+7.92%	--	--	2.37	4.00	Compare
Bandhan Floating Interest Rates Fund	3/12	224	0.14%	+5.91%	+7.65%	--	--	1.66	2.57	Compare
ICICI Prudential Floating Interest Rates Fund	4/12	8,658	0.29%	+5.56%	+7.53%	--	--	1.95	3.11	Compare
Kotak Floating Interest Rates Fund	5/12	3,240	0.24%	+5.05%	+7.49%	--	--	1.91	2.98

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 Floating Interest Rates 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	Floater median	Cost rank (1 = cheapest)
Direct	0.21%	0.00%	0.00%	0.03%	0.24%	0.28%	3/12
Regular	0.52%	0.00%	0.00%	0.10%	0.62%	0.64%	6/12

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 Floater 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	4.64%	5.05%	0.41%	₹1,04,640	₹1,05,050
3 years	7.06%	7.49%	0.43% a year	₹1,22,710	₹1,24,195
5 years	6.23%	6.65%	0.42% a year	₹1,35,281	₹1,37,976

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 Floating Interest Rates 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 16-05-2019 to 30-10-2026: 90 instalments, ₹9,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Floating Interest Rates Fund (Direct)	₹9,00,000	₹11,72,695	₹2,72,695	6.9%
Regular planKotak Floating Interest Rates Fund (Regular)	₹9,00,000	₹11,53,818	₹2,53,818	6.5%
Category averageCategory average, 12 Floater funds	₹9,00,000	₹11,69,270	₹2,69,270	6.9%

₹0₹5.0 L₹10.0 L₹15.0 L

2020202120222023202420252026

Direct planKotak Floating Interest Rates Fund (Direct)Regular planKotak Floating Interest Rates Fund (Regular)Category averageCategory average, 12 Floater 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 Floating Interest Rates Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.0%Debt

Asset	Fund	Category
Debt	96.0%	93.1%
Cash and others	4.0%	6.9%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 12 Floater funds.

Rating	Fund	Category
Sovereign	13.8%	20.1%
AAA and A1+	67.9%	63.2%
AA	14.4%	9.7%

Kotak Floating Interest Rates Fund Portfolio Holdings

As on 30-09-2026 · 43 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Power Finance Corporation Ltd.(^) · Bond	CRISIL AAA	6.11%
Karnataka State Govt - 2032 - Karnataka(^) · State government security	SOV	5.91%
Tamil Nadu State Govt - 2033 - Tamil Nadu(^) · State government security	SOV	5.55%
REC LTD(^) · Bond	CRISIL AAA	5.35%
PIPELINE INFRASTRUCTURE LIMITED(^) · Bond	CRISIL AAA	5.11%
JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) · Bond	CRISIL AA	3.47%
JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^) · Bond	CRISIL AA	3.33%
TATA CAPITAL HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	3.07%
TATA CAPITAL HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	3.06%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Bond	CRISIL AAA	3.05%
MUTHOOT FINANCE LTD.(^) · Bond	CRISIL AA+	3.05%
BHARTI TELECOM LTD.(^) · Bond	CRISIL AAA	3.03%
DLF Cyber City Developers Ltd(^) · Bond	CRISIL AAA	3.03%
EMBASSY OFFICE PARKS REIT(^) · Bond	CRISIL AAA	3.01%
EMBASSY OFFICE PARKS REIT(^) · Bond	CRISIL AAA	2.78%
MUTHOOT FINANCE LTD.(^) · Bond	CRISIL AA+	2.33%
Karnataka State Govt - 2031 - Karnataka · State government security	SOV	2.30%
SMFG INDIA CREDIT CO. LTD.(^) · Bond	CRISIL AAA	2.30%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Bond	CRISIL AAA	2.28%
BAJAJ HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	2.15%
PTC SHIVSHAKTI SECURITISATION TRUST 28/09/2029(SHIVSHAKTI TRUST)	CRISIL AAA(SO)	2.06%
PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST)	CRISIL AAA(SO)	2.06%
HDFC BANK LTD.(^) · Bond	CRISIL AAA	1.56%
ICICI HOME FINANCE COMPANY LIMITED · Bond	ICRA AAA	1.55%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Bond	ICRA AAA	1.54%
Power Finance Corporation Ltd.(^) · Bond	CRISIL AAA	1.54%
LIC HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	1.53%
EMBASSY OFFICE PARKS REIT(^) · Bond	CRISIL AAA	1.53%
BAJAJ FINANCE LTD.(^) · Bond	CRISIL AAA	1.52%
Power Finance Corporation Ltd.(^) · Bond	CRISIL AAA	1.50%
L&T METRO RAIL (HYDERABAD) LTD ( Axis Trusteeship services Ltd . Guaranteed by Larsen & Toubro Limited.) (^) · Bond	CRISIL AAA(CE)	1.49%
VEDANTA LTD. ( Axis Trustee Services Ltd.) (^) · Bond	CRISIL AA+	1.40%
TATA CAPITAL HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	1.37%
PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST)	ICRA AAA(SO)	1.10%
KNOWLEDGE REALTY TRUST · Bond	CRISIL AAA	0.92%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	0.77%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Bond	CARE AAA	0.77%
L & T FINANCE LTD. · Bond	ICRA AAA	0.76%
SBI ALTERNATIVE INVESTMENT FUND	Alternative Investment Fund	0.49%
Bahadur Chand Investments Private Limited · Bond	ICRA AA+	0.39%
Bahadur Chand Investments Private Limited · Bond	ICRA AA+	0.39%
PTC VAJRA TRUST (SERIES A1) 20/02/2029 (MAT 20/02/2027)(VAJRA TRUST)	ICRA AAA(SO)	0.01%
Central Government - 2034 · Government security	SOV	0.00%

Kotak Floating Interest Rates Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Aditya Birla Sun Life Short Term FundShort Duration · Aditya Birla Sun Life	17.3%	11	Compare
Kotak Ultra Short to Short Term FundLow Duration · Kotak Mahindra	14.7%	14	Compare
Kotak Medium Term FundMedium Duration · Kotak Mahindra	14.5%	11	Compare
ICICI Prudential Short Term FundShort Duration · ICICI Prudential	14.0%	17	Compare
Axis Floating Interest Rates FundFloater · Axis	12.7%	4	Compare
Kotak Corporate Bond FundCorporate Bond · Kotak Mahindra	12.4%	15	Compare
HDFC Floating Interest Rates FundFloater · HDFC	11.3%	11	Compare
Axis Short Term FundShort Duration · Axis	11.0%	15	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.

Kotak Floating Interest Rates Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.24%
Expense ratio (Regular): 0.62%
Category: Floater
Risk: Moderate
Benchmark: NIFTY Short Duration Debt Index A-II
Launch date: 14-05-2019
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹3,240.48 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 147269
ISIN (Direct): INF174KA1EC0
Scheme code (Regular): 147266
ISIN (Regular): INF174KA1DY6
NAV history: From 16-05-2019, 7.5 years

Exit load: Nil

Tax on Kotak Floating Interest Rates Fund returns

Kotak Floating Interest Rates 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 Reinvestment Income Distribution Cum Capital Withdrawal	₹1,452.6292	30-10-2026
direct	Growth	₹1,667.5497	30-10-2026
regular	Standard Reinvestment Income Distribution Cum Capital Withdrawal	₹1,444.3172	30-10-2026
regular	Growth	₹1,620.6058	30-10-2026

About Kotak Floating Interest Rates Fund

Kotak Floating Interest Rates Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Floater. It was launched on 14-05-2019. Its benchmark is NIFTY Short Duration Debt Index A-II. At the end of September 2026 it held 43 securities.

Fund Manager

Deepak Agrawal
Fund manager of Kotak Floating Interest Rates Fund, since 14-05-2019
Manu Sharma
Fund manager of Kotak Floating Interest Rates Fund, since 01-11-2022

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹3,240.48 Cr; −5.38% from August 2026
August 2026: ₹3,424.74 Cr; −0.39% from July 2026
July 2026: ₹3,438.29 Cr; +10.84% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Kotak Floating Interest Rates Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Kotak Floating Interest Rates vs Axis Floating Interest Rates12.7% overlap
Kotak Floating Interest Rates vs Franklin India Floating Interest RatesFloater
Kotak Floating Interest Rates vs Bandhan Floating Interest RatesFloater
Kotak Floating Interest Rates vs ICICI Prudential Floating Interest RatesFloater
Kotak Floating Interest Rates vs Aditya Birla Sun Life Short Term17.3% overlap
Kotak Floating Interest Rates vs Kotak Ultra Short to Short Term14.7% overlap
Kotak Floating Interest Rates vs Kotak Medium Term14.5% overlap
Kotak Floating Interest Rates vs ICICI Prudential Short Term14.0% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Floating Interest Rates Fund

What is the current NAV of Kotak Floating Interest Rates Fund?

The Direct plan NAV is ₹1,667.5497. The Regular plan NAV is ₹1,620.6058, as on 30-10-2026.

What are the returns of Kotak Floating Interest Rates Fund?

The Direct plan returned +5.05% in 1 year, +7.49% a year over 3 years, +6.65% a year over 5 years. The Regular plan returned +4.64% in 1 year, +7.06% a year over 3 years, +6.23% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Floating Interest Rates Fund?

The Direct plan charges 0.24% a year. The Regular plan charges 0.62% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak Floating Interest Rates Fund?

Kotak Floating Interest Rates Fund managed ₹3,240.48 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Floating Interest Rates Fund?

At the end of September 2026 the largest holdings were Power Finance Corporation Ltd.(^) (6.11%), Karnataka State Govt - 2032 - Karnataka(^) (5.91%), Tamil Nadu State Govt - 2033 - Tamil Nadu(^) (5.55%), REC LTD(^) (5.35%), PIPELINE INFRASTRUCTURE LIMITED(^) (5.11%). The fund held 43 securities in all.

How do I invest in Kotak Floating Interest Rates 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 Floating Interest Rates Fund?

Deepak Agrawal (since 14-05-2019), Manu Sharma (since 01-11-2022).

What is the exit load of Kotak Floating Interest Rates Fund?

Nil

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.