Kotak Ultra Short Term Fund

Ultra ShortDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Kotak Ultra Short Term Fund is an Ultra Short fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹15,261 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.6% a year. Its benchmark, NIFTY Ultra Short Duration Debt Index A-I, returned 7.2% a year over the same 3 years.

NAV (Direct plan): ₹48.77; ▲ 0.01%30-10-2026
NAV (Regular plan): ₹46.27; ▲ 0.01%30-10-2026
Expense ratio: 0.36%Direct0.82%Regular; 0.36%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.1%Direct6.6%Regular; 7.1%; A year

Kotak Ultra Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹48.77 (up 0.01% that day); Regular Plan Growth ₹46.27 (up 0.01% that day).

This fund (Direct plan)

₹48.7683

Kotak Ultra Short Term Fund Returns vs NIFTY Ultra Short Duration Debt Index A-I

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)	+0.30%	+1.36%	+3.08%	+6.25%	+7.13%	+6.61%	+6.67%
This fund (Regular)	+0.26%	+1.25%	+2.84%	+5.76%	+6.64%	+6.13%	+6.23%
NIFTY Ultra Short Duration Debt Index A-I	+0.53%	+1.65%	+3.66%	+6.67%	+7.20%	+6.59%	--
Ultra Short average	+0.30%	+1.34%	+3.06%	+6.00%	+6.82%	+6.27%	+6.43%
Best in Ultra Short	+0.39%	+1.59%	+3.46%	+6.84%	+7.44%	+6.82%	+7.19%
Worst in Ultra Short	−0.11%	0.00%	+0.02%	0.00%	0.00%	+0.41%	+4.08%
Rank in Ultra Short	18/26	21/25	20/25	18/25	13/23	11/22	5/11

Category rows compare the Direct plans of 26 Ultra Short funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Kotak Ultra Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.18%	+4.77%
2025	+7.31%	+6.82%
2024	+7.72%	+7.24%
2023	+7.27%	+6.80%
2022	+4.90%	+4.46%
2021	+3.67%	+3.21%

Kotak Ultra Short 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%2%4%6%8%10%

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 Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,094	7.5%	3.6%	10.7%	0%	7.1%	67%
2 years	2,859	7.5%	3.9%	10.1%	0%	7.1%	75%
3 years	2,618	7.4%	4.9%	9.6%	0%	7.0%	79%
5 years	2,135	6.5%	5.9%	8.7%	0%	6.2%	96%
7 years	1,653	6.6%	6.2%	8.5%	0%	6.2%	100%
10 years	925	7.0%	6.7%	7.4%	0%	6.8%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	7.6%	3.6%	10.1%	0%	7.1%	71%
2 years	142	7.5%	3.8%	9.6%	0%	7.1%	67%
3 years	130	7.4%	4.4%	9.2%	0%	6.9%	75%
5 years	106	6.9%	5.3%	8.3%	0%	6.5%	92%
7 years	82	6.5%	5.9%	8.2%	0%	6.2%	100%
10 years	46	6.6%	6.5%	6.7%	0%	6.3%	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 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Kotak Ultra Short Term Fund Risk

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

Risk and return

Measure	Kotak Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.25%	+6.00%
Standard deviation	0.49%	0.44%
Sharpe ratio	2.05	1.73
Sortino ratio	3.42	2.73
Maximum drawdown	−0.12% (08-07-2026)	−0.09% (08-07-2026)

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 Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.13%	+6.81%
Standard deviation	0.40%	0.36%
Sharpe ratio	2.75	2.17
Sortino ratio	5.23	3.92
Maximum drawdown	−0.12% (08-07-2026)	−0.09% (08-07-2026)

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 Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.61%	+6.28%
Standard deviation	0.38%	0.34%
Sharpe ratio	2.11	1.40
Sortino ratio	3.70	2.37
Maximum drawdown	−0.27% (06-05-2022)	−0.22% (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 Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.67%	+6.32%
Standard deviation	0.51%	0.50%
Sharpe ratio	2.51	1.84
Sortino ratio	4.91	2.99
Maximum drawdown	−0.87% (24-03-2020)	−0.77% (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 Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.35%	+7.08%
Standard deviation	0.55%	0.60%
Sharpe ratio	2.36	1.73
Sortino ratio	3.95	2.61
Maximum drawdown	−0.87% (24-03-2020)	−0.92% (24-07-2013)

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.

−1%−0.8%−0.6%−0.4%−0.2%0%

2014201620182020202220242026

Kotak Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Ultra Short Term Fund (Direct)	−0.87%	11-03-2020	24-03-2020	27-03-2020	3 days	0.0%
Category average	−0.92%	15-07-2013	24-07-2013	02-09-2013	40 days	0.0%

From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 26 Ultra Short 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 Ultra Short Term Fund vs Other Ultra Short Funds

The five Ultra Short 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
Tata Ultra Short Term Fund	1/23	5,404	0.33%	+6.84%	+7.44%	--	--	3.83	7.92	Compare
Aditya Birla Sun Life Ultra Short Term Fund	2/23	16,279	0.32%	+6.36%	+7.41%	--	--	3.30	6.20	Compare
Axis Ultra Short Term fund	3/23	4,996	0.36%	+6.56%	+7.37%	--	--	3.53	7.07	Compare
Mirae Asset Ultra Short-Term Fund	4/23	1,808	0.22%	+6.48%	+7.34%	--	--	3.33	6.25	Compare
ICICI Prudential Ultra Short Term Fund	5/23	15,236	0.40%	+6.37%	+7.31%	--	--	3.25	6.24	Compare
Kotak Ultra Short Term Fund	13/23	15,261	0.36%	+6.25%	+7.13%	--	--	2.75	5.23

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 Ultra Short 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	Ultra Short median	Cost rank (1 = cheapest)
Direct	0.31%	0.00%	0.00%	0.05%	0.36%	0.30%	22/26
Regular	0.70%	0.00%	0.00%	0.12%	0.82%	0.81%	15/26

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 Ultra Short 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	5.76%	6.25%	0.49%	₹1,05,760	₹1,06,250
3 years	6.64%	7.13%	0.49% a year	₹1,21,272	₹1,22,951
5 years	6.13%	6.61%	0.48% a year	₹1,34,645	₹1,37,718
10 years	6.23%	6.67%	0.44% a year	₹1,83,009	₹1,90,732

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 Ultra Short 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

Every month₹

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 Ultra Short Term Fund (Direct)	₹16,60,000	₹27,22,947	₹10,62,947	6.8%
Regular planKotak Ultra Short Term Fund (Regular)	₹16,60,000	₹26,33,528	₹9,73,528	6.4%
Category averageCategory average, 26 Ultra Short funds	₹16,60,000	₹26,61,605	₹10,01,605	6.5%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planKotak Ultra Short Term Fund (Direct)Regular planKotak Ultra Short Term Fund (Regular)Category averageCategory average, 26 Ultra Short 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 Ultra Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.5%Debt

Asset	Fund	Category
Debt	100.5%	96.7%
Cash and others	−0.5%	3.8%

Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 26 Ultra Short funds.

Rating	Fund	Category
Sovereign	14.7%	7.3%
AAA and A1+	66.0%	77.2%
AA	19.9%	12.2%

Kotak Ultra Short Term Fund Portfolio Holdings

As on 30-09-2026 · 111 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
AXIS BANK LTD.(^)	CRISIL A1+	4.53%
BANK OF BARODA · Certificate of deposit	CARE A1+	3.84%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Bond	ICRA AAA	3.77%
182 DAYS TREASURY BILL 11/02/2027 · Government security	SOV	3.37%
Tamil Nadu State Govt - 2029 - Tamil Nadu(^) · State government security	SOV	2.91%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) · Commercial paper	CRISIL A1+	2.34%
MANKIND PHARMA LTD · Bond	CRISIL AA+	1.97%
MUTHOOT FINANCE LTD.(^) · Bond	CRISIL AA+	1.95%
Maharashtra State Govt - 2030 - Maharashtra(^) · State government security	SOV	1.94%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	1.93%
MINDSPACE BUSINESS PARKS REIT(^) · Commercial paper	CRISIL A1+	1.87%
HDFC BANK LTD.(^) · Certificate of deposit	CARE A1+	1.77%
91 DAYS TREASURY BILL 03/12/2026 · Government security	SOV	1.62%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Certificate of deposit	CRISIL A1+	1.61%
PUNJAB NATIONAL BANK · Certificate of deposit	CRISIL A1+	1.60%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Certificate of deposit	CARE A1+	1.60%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) · Certificate of deposit	CARE A1+	1.60%
HDFC BANK LTD.(^) · Certificate of deposit	CARE A1+	1.59%
YES BANK LTD. · Certificate of deposit	CRISIL A1+	1.59%
PUNJAB NATIONAL BANK(^) · Certificate of deposit	CRISIL A1+	1.44%
VEDANTA LTD. · Bond	ICRA AA+	1.31%
PTC RADHAKRISHNA SECURITISATION TRUST 28/09/2028(RADHAKRISHNA TRUST)	CRISIL AAA(SO)	1.31%
POONAWALLA FINCORP LIMITED(^) · Bond	CRISIL AAA	1.31%
TATA PROJECTS LTD. · Bond	FITCH AA	1.31%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) · Bond	CRISIL AAA	1.30%
TORRENT PHARMACEUTICALS LTD.(^) · Bond	ICRA AA+	1.30%
364 DAYS TREASURY BILL 11/02/2027 · Government security	SOV	1.28%
BHARTI TELECOM LTD.(^) · Bond	CRISIL AAA	1.28%
HDFC BANK LTD.(^) · Certificate of deposit	CARE A1+	1.27%
PUNJAB & SIND BANK · Certificate of deposit	ICRA A1+	1.27%
ADANI POWER LTD(^) · Bond	CRISIL AA	1.24%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^) · Certificate of deposit	CARE A1+	1.23%
PIRAMAL FINANCE LTD · Bond	CARE AA+	1.15%
BANK OF BARODA(^) · Certificate of deposit	FITCH A1+	1.12%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	1.12%
Madhya Pradesh State Govt - 2027 - Madhya Pradesh(^) · State government security	SOV	0.99%
360 ONE PRIME LTD.(^) · Bond	ICRA AA	0.98%
NUVAMA WEALTH FINANCE LIMITED(^) · Bond	CARE AA	0.98%
IIFL FINANCE LIMITED(^) · Commercial paper	CRISIL A1+	0.96%
TATA HOUSING DEVELOPMENT CO. LTD.(^) · Commercial paper	CARE A1+	0.96%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Certificate of deposit	CRISIL A1+	0.95%
FEDERAL BANK LTD.(^) · Certificate of deposit	CRISIL A1+	0.94%
ICICI HOME FINANCE COMPANY LIMITED · Bond	ICRA AAA	0.82%
MANKIND PHARMA LTD(^) · Bond	CRISIL AA+	0.82%
FEDERAL BANK LTD.(^) · Certificate of deposit	CRISIL A1+	0.80%
IIFL FINANCE LIMITED(^) · Commercial paper	CRISIL A1+	0.80%
JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) · Bond	CRISIL AA	0.74%
Gujarat State Govt - 2026 - Gujarat · State government security	SOV	0.66%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.66%
VEDANTA LTD. · Bond	ICRA AA+	0.66%
MUTHOOT FINANCE LTD.(^) · Bond	CRISIL AA+	0.66%
MUTHOOT FINANCE LTD. · Bond	CRISIL AA+	0.66%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	0.66%
TATA CAPITAL HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	0.65%
Bahadur Chand Investments Private Limited · Commercial paper	ICRA A1+	0.65%
Power Finance Corporation Ltd.(^) · Bond	CRISIL AAA	0.65%
360 ONE PRIME LTD.(^) · Bond	ICRA AA	0.65%
MUTHOOT FINANCE LTD. · Bond	CRISIL AA+	0.65%
Manappuram Finance Ltd. · Commercial paper	CRISIL A1+	0.65%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	0.64%
INDUSIND BANK LTD. · Certificate of deposit	CRISIL A1+	0.64%
MUTHOOT FINANCE LTD. · Commercial paper	CRISIL A1+	0.64%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.64%
CANARA BANK(^) · Certificate of deposit	CRISIL A1+	0.64%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Certificate of deposit	CARE A1+	0.64%
UNION BANK OF INDIA · Certificate of deposit	FITCH A1+	0.64%
BIRLA GROUP HOLDING PRIVATE LIMITED · Commercial paper	CRISIL A1+	0.63%
AXIS SECURITIES LIMITED · Commercial paper	CRISIL A1+	0.63%
MUTHOOT FINANCE LTD. · Commercial paper	CRISIL A1+	0.63%
Tamil Nadu State Govt - 2026 - Tamil Nadu · State government security	SOV	0.49%
EMBASSY OFFICE PARKS REIT · Commercial paper	CRISIL A1+	0.48%
MUTHOOT FINANCE LTD. · Bond	CRISIL AA+	0.48%
MUTHOOT FINANCE LTD. · Commercial paper	CRISIL A1+	0.48%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.48%
CHOLAMANDALAM SECURITIES LIMITED · Commercial paper	ICRA A1+	0.44%
BHARTI TELECOM LTD.(^) · Bond	CRISIL AAA	0.39%
Central Government - 2028 · Government security	SOV	0.33%
Bihar State Govt - 2027 - Bihar · State government security	SOV	0.33%
Karnataka State Govt - 2027 - Karnataka · State government security	SOV	0.33%
TATA CAPITAL HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	0.33%
VEDANTA LTD. ( Axis Trustee Services Ltd.) · Bond	CRISIL AA+	0.33%
TATA CAPITAL LTD. · Bond	CRISIL AAA	0.33%
BANK OF BARODA · Certificate of deposit	CARE A1+	0.32%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	0.32%
BANK OF INDIA · Certificate of deposit	CRISIL A1+	0.32%
PUNJAB NATIONAL BANK · Certificate of deposit	CRISIL A1+	0.32%
PTC IIFL FIN LIQUID GOLD (SERIES 14A) 20/07/2027(LIQUID GOLD SERIES 14)	CRISIL AAA(SO)	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) (^) · Bond	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) (^) · Bond	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) (^) · Bond	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.32%
MUTHOOT FINANCE LTD. · Commercial paper	CRISIL A1+	0.32%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.32%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.32%
CREDILA FINANCIAL SERVICES PVT LTD(^) · Commercial paper	CRISIL A1+	0.32%
UNION BANK OF INDIA · Certificate of deposit	ICRA A1+	0.32%
SBI ALTERNATIVE INVESTMENT FUND	Alternative Investment Fund	0.31%
Gujarat State Govt - 2026 - Gujarat · State government security	SOV	0.30%
PTC IIFL FIN LIQUID GOLD (SERIES 8) 20/08/2027(LIQUID GOLD SERIES 9)	CRISIL AAA(SO)	0.30%
GODREJ SEEDS AND GENETICS LTD. ( ) (^) · Bond	CRISIL AA	0.29%
LIC HOUSING FINANCE LTD. · Bond	CRISIL AAA	0.17%
GS CG 17/12/2026 - (STRIPS) · Government security	SOV	0.16%
BANK OF BARODA · Certificate of deposit	CARE A1+	0.16%
GODREJ INDUSTRIES LTD ( ) · Bond	CRISIL AA+	0.16%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.16%
GODREJ PROPERTIES LIMITED(^) · Bond	ICRA AA+	0.16%
UNION BANK OF INDIA · Certificate of deposit	ICRA A1+	0.16%
GODREJ INDUSTRIES LTD ( ) · Bond	ICRA AA+	0.10%
360 ONE PRIME LTD. · Commercial paper	CRISIL A1+	0.06%
GODREJ FINANCE LTD · Bond	CRISIL AA+	0.03%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	0.03%

Kotak Ultra Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Kotak Ultra Short to Short Term FundLow Duration · Kotak Mahindra	29.3%	34	Compare
Kotak Money Market FundMoney Market · Kotak Mahindra	26.5%	32	Compare
ICICI Prudential Money Market FundMoney Market · ICICI Prudential	19.1%	27	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	18.9%	27	Compare
HSBC Ultra Short Term FundUltra Short · HSBC	15.8%	10	Compare
ICICI Prudential Ultra Short Term FundUltra Short · ICICI Prudential	15.5%	27	Compare
ICICI Prudential Ultra Short to Short Term FundLow Duration · ICICI Prudential	15.0%	24	Compare
Axis Ultra Short Term fundUltra Short · Axis	14.2%	21	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 Ultra Short Term Fund Overview

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

Expense ratio (Direct): 0.36%
Expense ratio (Regular): 0.82%
Category: Ultra Short
Risk: Moderate
Launch date: 13-08-2004
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹15,261.29 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 119750
ISIN (Direct): INF174K01JP2
Scheme code (Regular): 102591
ISIN (Regular): INF174K01FD6
NAV history: From 02-01-2013, 13.8 years

Benchmark: NIFTY Ultra Short Duration Debt Index A-I
Exit load: Nil

Tax on Kotak Ultra Short Term Fund returns

Kotak Ultra Short 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	Monthly Payout Income Distribution Cum Capital Withdrawal	₹21.0269	30-10-2026
direct	Growth	₹48.7683	30-10-2026
direct	IDCW Weekly	₹10.0073	30-10-2026
direct	IDCW	₹10.1186	30-10-2026
regular	Monthly Payout Income Distribution Cum Capital Withdrawal	₹10.7196	30-10-2026
regular	Growth	₹46.2685	30-10-2026
regular	IDCW Weekly	₹10.005	30-10-2026
regular	IDCW	₹10.033	01-10-2026

About Kotak Ultra Short Term Fund

Kotak Ultra Short Term Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Ultra Short. It was launched on 13-08-2004. Its benchmark is NIFTY Ultra Short Duration Debt Index A-I. At the end of September 2026 it held 111 securities.

Fund Manager

Deepak Agrawal
Fund manager of Kotak Ultra Short Term Fund, since 01-04-2008
Manu Sharma
Fund manager of Kotak Ultra Short Term Fund, since 01-11-2022

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹15,261.29 Cr; −4.39% from August 2026
August 2026: ₹15,961.62 Cr; +1.62% from July 2026
July 2026: ₹15,707.88 Cr; +10.76% from June 2026

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

Compare Kotak Ultra Short Term Fund with Other Funds

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

Kotak Ultra Short Term vs Tata Ultra Short TermUltra Short
Kotak Ultra Short Term vs Aditya Birla Sun Life Ultra Short TermUltra Short
Kotak Ultra Short Term vs Axis Ultra Short Term fund14.2% overlap
Kotak Ultra Short Term vs Mirae Asset Ultra Short-TermUltra Short
Kotak Ultra Short Term vs ICICI Prudential Ultra Short Term15.5% overlap
Kotak Ultra Short Term vs Kotak Ultra Short to Short Term29.3% overlap
Kotak Ultra Short Term vs Kotak Money Market26.5% overlap
Kotak Ultra Short Term vs ICICI Prudential Money Market19.1% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Ultra Short Term Fund

What is the current NAV of Kotak Ultra Short Term Fund?

The Direct plan NAV is ₹48.7683. The Regular plan NAV is ₹46.2685, as on 30-10-2026.

What are the returns of Kotak Ultra Short Term Fund?

The Direct plan returned +6.25% in 1 year, +7.13% a year over 3 years, +6.61% a year over 5 years. The Regular plan returned +5.76% in 1 year, +6.64% a year over 3 years, +6.13% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Kotak Ultra Short Term Fund?

The Direct plan charges 0.36% a year. The Regular plan charges 0.82% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Kotak Ultra Short Term Fund?

Kotak Ultra Short Term Fund managed ₹15,261.29 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Kotak Ultra Short Term Fund?

At the end of September 2026 the largest holdings were AXIS BANK LTD.(^) (4.53%), BANK OF BARODA (3.84%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) (3.77%), 182 DAYS TREASURY BILL 11/02/2027 (3.37%), Tamil Nadu State Govt - 2029 - Tamil Nadu(^) (2.91%). The fund held 111 securities in all.

How do I invest in Kotak Ultra Short 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 Ultra Short Term Fund?

Deepak Agrawal (since 01-04-2008), Manu Sharma (since 01-11-2022).

What is the exit load of Kotak Ultra Short Term 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.