Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund

IndexDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund is a mutual fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹286 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 5.0% and its Regular plan returned 4.8%. Its benchmark, NIFTY AAA Financial Services Bond Mar 2028 Index, returned 5.6% over the same year.

NAV (Direct plan): ₹10.71; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹10.68; ▲ 0.02%30-10-2026
Expense ratio: 0.14%Direct0.34%Regular; 0.14%; A year
Riskometer: Low to Moderate; Set by the fund house
1 year return: 5.0%Direct4.8%Regular; 5.0%; Total

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹10.71 (up 0.02% that day); Regular Plan Growth ₹10.68 (up 0.02% that day).

This fund (Direct plan)

₹10.7056

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Returns vs NIFTY AAA Financial Services Bond Mar 2028 Index

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)	+0.07%	+0.83%	+2.78%	+4.97%	--	--	--
This fund (Regular)	+0.05%	+0.78%	+2.68%	+4.75%	--	--	--
NIFTY AAA Financial Services Bond Mar 2028 Index	+0.39%	+1.20%	+3.33%	+5.58%	--	--	--
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. The benchmark row is as on 30-09-2026, as NSE published it.

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+4.01%	+3.83%

Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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 1-year holding period, plotted on the day it ended. There are 73 periods, one for each trading day from 14-07-2026 to 30-10-2026.

0%2%4%6%8%

Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	73	5.8%	5.0%	6.1%	0%

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. Past returns do not promise future returns.

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Risk

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

Risk and return

Measure	Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)This fund
Return (CAGR)	+4.97%
Standard deviation	0.96%
Sharpe ratio	-0.29
Sortino ratio	-0.40
Maximum drawdown	−0.53% (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 Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)This fund
Return (CAGR)	+5.34%
Standard deviation	0.89%
Sharpe ratio	0.03
Sortino ratio	0.04
Maximum drawdown	−0.53% (21-05-2026)

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.

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.

−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%

2026

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)

	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)	−0.53%	08-05-2026	21-05-2026	05-06-2026	15 days	−0.09%

From the Direct plan's daily NAV since 14-07-2025, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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
Direct	0.12%	0.00%	0.00%	0.02%	0.14%
Regular	0.29%	0.00%	0.00%	0.05%	0.34%

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.

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	4.75%	4.97%	0.22%	₹1,04,750	₹1,04,970

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 Nifty AAA Bond Financial Services Mar 2028 Index 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 14-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)	₹1,60,000	₹1,65,690	₹5,690	5.1%
Regular planKotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Regular)	₹1,60,000	₹1,65,450	₹5,450	4.9%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planKotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Direct)Regular planKotak Nifty AAA Bond Financial Services Mar 2028 Index Fund (Regular)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 Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

83.8%Debt

Asset	Fund
Debt	83.8%
Cash and others	16.2%

Credit rating

Bonds and money market papers by credit rating, % of the fund.

Rating	Fund
AAA and A1+	83.8%

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Portfolio Holdings

As on 30-09-2026 · 14 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
BAJAJ FINANCE LTD. · Bond	CRISIL AAA	8.70%
TATA CAPITAL LTD. · Bond	CRISIL AAA	8.70%
ADITYA BIRLA HOUSING FINANCE LTD · Bond	CRISIL AAA	8.69%
HDB FINANCIAL SERVICES LTD. · Bond	CRISIL AAA	7.13%
LIC HOUSING FINANCE LTD. · Bond	CRISIL AAA	6.97%
TATA CAPITAL HOUSING FINANCE LTD. · Bond	CRISIL AAA	6.94%
BAJAJ HOUSING FINANCE LTD. · Bond	CRISIL AAA	6.94%
REC LTD · Bond	ICRA AAA	6.88%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	5.75%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond	CRISIL AAA	5.21%
REC LTD · Bond	CRISIL AAA	4.89%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond	ICRA AAA	3.48%
LIC HOUSING FINANCE LTD. · Bond	CRISIL AAA	1.75%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	1.74%

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Edelweiss CRISIL IBX AAA Financial Services Bond - Jan 2028 Index FundIndex · Edelweiss	21.4%	3	Compare
Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index FundIndex · Nippon India	20.4%	4	Compare
TRUSTMF Short Term FundShort Duration · Trust	14.6%	2	Compare
Baroda BNP Paribas Corporate Bond FundCorporate Bond · Baroda BNP Paribas	11.1%	3	Compare
Kotak Short Term FundShort Duration · Kotak Mahindra	11.1%	6	Compare
Bajaj Finserv Ultra Short to Short Term FundLow Duration · Bajaj Finserv	10.3%	3	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 Nifty AAA Bond Financial Services Mar 2028 Index Fund Overview

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

Expense ratio (Direct): 0.14%
Expense ratio (Regular): 0.34%
Category: Index
Risk: Low to Moderate
Launch date: 09-07-2025
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹286.49 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153680
ISIN (Direct): INF174KA1WY6
Scheme code (Regular): 153683
ISIN (Regular): INF174KA1WV2
NAV history: From 14-07-2025, 1.3 years

Benchmark: Nifty AAA Financial Services Bond Mar 2028 Index
Exit load: NIL

Tax on Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
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	Growth	₹10.7056	30-10-2026
direct	IDCW Payout Reinvestment	₹10.7052	30-10-2026
regular	Growth	₹10.6767	30-10-2026
regular	IDCW Payout Reinvestment	₹10.6769	30-10-2026

About Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Index. It was launched on 09-07-2025. Its benchmark is Nifty AAA Financial Services Bond Mar 2028 Index. At the end of September 2026 it held 14 securities.

Fund Manager

Abhishek Bisen
Fund manager of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund, since 09-07-2025

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹286.49 Cr; +11.25% from August 2026
August 2026: ₹257.52 Cr; +11.37% from July 2026
July 2026: ₹231.22 Cr; +5.57% from June 2026

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

Compare Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund with Other Funds

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

Compare with any other fund

Frequently Asked Questions for Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund

What is the current NAV of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund?

The Direct plan NAV is ₹10.7056. The Regular plan NAV is ₹10.6767, as on 30-10-2026.

What are the returns of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund?

The Direct plan returned +4.97% in 1 year. The Regular plan returned +4.75% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund?

The Direct plan charges 0.14% a year. The Regular plan charges 0.34% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund?

Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund managed ₹286.49 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund?

At the end of September 2026 the largest holdings were BAJAJ FINANCE LTD. (8.70%), TATA CAPITAL LTD. (8.70%), ADITYA BIRLA HOUSING FINANCE LTD (8.69%), HDB FINANCIAL SERVICES LTD. (7.13%), LIC HOUSING FINANCE LTD. (6.97%). The fund held 14 securities in all.

How do I invest in Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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 Nifty AAA Bond Financial Services Mar 2028 Index Fund?

Abhishek Bisen (since 09-07-2025).

What is the exit load of Kotak Nifty AAA Bond Financial Services Mar 2028 Index 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.