Kotak Ultra Short to Short Term Fund

Low DurationDirect and Regular plans, Growth option

Data as on 30-10-2026

Kotak Ultra Short to Short Term Fund is a Low Duration fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹12,566 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.5% a year. Its benchmark, NIFTY Low Duration Debt Index A-I, returned 7.1% a year over the same 3 years.

NAV (Direct plan): ₹3,948.32; ▲ 0.01%30-10-2026
NAV (Regular plan): ₹3,583.47; ▲ 0.01%30-10-2026
Expense ratio: 0.41%Direct1.18%Regular; 0.41%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.3%Direct6.5%Regular; 7.3%; A year

Kotak Ultra Short to Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹3,948.32 (up 0.01% that day); Regular Plan Growth ₹3,583.47 (up 0.01% that day).

This fund (Direct plan)

₹3,948.316

Kotak Ultra Short to Short Term Fund Returns vs NIFTY Low 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)	+0.13%	+0.98%	+2.86%	+5.73%	+7.33%	+6.70%	+7.25%
This fund (Regular)	+0.07%	+0.78%	+2.46%	+4.91%	+6.50%	+5.88%	+6.44%
NIFTY Low Duration Debt Index A-I	+0.51%	+1.58%	+3.53%	+6.31%	+7.10%	+6.35%	--
Low Duration average	+0.18%	+1.12%	+2.95%	+5.79%	+7.22%	+6.58%	+6.73%
Best in Low Duration	+0.32%	+1.28%	+3.14%	+6.07%	+7.71%	+6.75%	+7.25%
Worst in Low Duration	+0.10%	+0.97%	+2.72%	+5.28%	+6.98%	+6.39%	+5.98%
Rank in Low Duration	21/25	23/25	19/25	15/23	3/20	4/17	1/15

Category rows compare the Direct plans of 25 Low Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Kotak Ultra Short to Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+4.74%	+4.06%
2025	+7.86%	+7.03%
2024	+8.19%	+7.35%
2023	+7.49%	+6.67%
2022	+4.68%	+3.89%
2021	+4.26%	+3.46%

Kotak Ultra Short to 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 2,113 periods, one for each trading day from 02-02-2018 to 30-10-2026.

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

Oct 2015
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Mar 2020
to
Mar 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 2026

Kotak Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	2,598	7.9%	3.4%	10.3%	0%	7.4%	90%
2 years	2,356	7.9%	4.3%	9.8%	0%	7.2%	94%
3 years	2,113	7.8%	5.4%	9.2%	0%	7.0%	94%
5 years	1,631	7.0%	6.5%	9.1%	0%	6.5%	99%
7 years	1,147	7.2%	6.7%	8.2%	0%	6.7%	100%
10 years	420	7.6%	7.2%	7.8%	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	129	7.9%	2.9%	10.8%	0%	7.3%	84%
2 years	117	7.8%	3.7%	9.9%	0%	7.1%	91%
3 years	105	7.6%	4.9%	9.3%	0%	7.0%	97%
5 years	81	7.1%	6.1%	9.0%	0%	6.7%	100%
7 years	57	6.9%	6.7%	7.5%	0%	6.5%	100%
10 years	21	7.2%	7.0%	7.4%	0%	6.8%	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 25 Low Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Kotak Ultra Short to Short Term Fund Risk

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

Risk and return

Measure	Kotak Ultra Short to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.73%	+5.78%
Standard deviation	0.63%	0.60%
Sharpe ratio	0.77	0.89
Sortino ratio	1.16	1.32
Maximum drawdown	−0.24% (21-05-2026)	−0.22% (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 Ultra Short to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.33%	+7.22%
Standard deviation	0.51%	0.48%
Sharpe ratio	2.53	2.48
Sortino ratio	4.37	4.27
Maximum drawdown	−0.24% (21-05-2026)	−0.22% (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 Ultra Short to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.70%	+6.59%
Standard deviation	0.53%	0.46%
Sharpe ratio	1.69	1.72
Sortino ratio	2.52	2.71
Maximum drawdown	−0.61% (06-05-2022)	−0.39% (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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.25%	+6.73%
Standard deviation	0.81%	1.02%
Sharpe ratio	2.30	1.31
Sortino ratio	3.93	1.79
Maximum drawdown	−1.5% (24-03-2020)	−2.2% (07-06-2019)

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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.62%	+7.05%
Standard deviation	0.77%	0.96%
Sharpe ratio	2.59	1.48
Sortino ratio	4.49	2.04
Maximum drawdown	−1.5% (24-03-2020)	−2.2% (07-06-2019)

From daily NAVs, 02-02-2015 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%

201620182020202220242026

Kotak Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Kotak Ultra Short to Short Term Fund (Direct)	−1.5%	06-03-2020	24-03-2020	27-03-2020	3 days	−0.03%
Category average	−2.2%	03-06-2019	07-06-2019	26-08-2019	3 months	0.0%

From the Direct plan's daily NAV since 02-02-2015, adjusted for unit splits, and the average of the 25 Low Duration 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 to Short Term Fund vs Other Low Duration Funds

The five Low Duration 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
HSBC Ultra Short to Short Term Fund	1/20	847	0.40%	+5.86%	+7.71%	--	--	1.91	5.75	Compare
Nippon India Ultra Short to Short Term Fund	2/20	7,096	0.39%	+5.95%	+7.34%	--	--	2.65	4.54	Compare
Axis Ultra Short to Short Term Fund	3/20	4,563	0.37%	+5.94%	+7.33%	--	--	2.66	4.55	Compare
Mirae Asset Ultra Short to Short Term Fund	3/20	2,290	0.21%	+5.90%	+7.33%	--	--	2.61	4.42	Compare
Kotak Ultra Short to Short Term Fund	3/20	12,566	0.41%	+5.73%	+7.33%	--	--	2.53	4.37

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 to 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	Low Duration median	Cost rank (1 = cheapest)
Direct	0.35%	0.00%	0.00%	0.06%	0.41%	0.34%	21/25
Regular	1.00%	0.00%	0.00%	0.18%	1.18%	0.86%	24/25

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 Low Duration 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	4.91%	5.73%	0.82%	₹1,04,910	₹1,05,730
3 years	6.50%	7.33%	0.83% a year	₹1,20,795	₹1,23,641
5 years	5.88%	6.70%	0.82% a year	₹1,33,067	₹1,38,300
10 years	6.44%	7.25%	0.81% a year	₹1,86,659	₹2,01,360

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 to 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 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planKotak Ultra Short to Short Term Fund (Direct)	₹14,10,000	₹21,78,147	₹7,68,147	7.1%
Regular planKotak Ultra Short to Short Term Fund (Regular)	₹14,10,000	₹20,69,554	₹6,59,554	6.3%
Category averageCategory average, 25 Low Duration funds	₹14,10,000	₹21,24,962	₹7,14,962	6.7%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L

201620182020202220242026

Direct planKotak Ultra Short to Short Term Fund (Direct)Regular planKotak Ultra Short to Short Term Fund (Regular)Category averageCategory average, 25 Low Duration 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 to Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

98.1%Debt

Asset	Fund	Category
Debt	98.1%	93.9%
Cash and others	1.9%	6.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Low Duration funds.

Rating	Fund	Category
Sovereign	11.7%	8.9%
AAA and A1+	71.6%	72.7%
AA	14.8%	12.3%

Kotak Ultra Short to Short Term Fund Portfolio Holdings

As on 30-09-2026 · 103 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Karnataka State Govt - 2031 - Karnataka(^) · State government security	SOV	3.93%
PUNJAB NATIONAL BANK · Certificate of deposit	CARE A1+	3.87%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond	ICRA AAA	3.78%
JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^) · Bond	CRISIL AA	3.44%
BAJAJ HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	3.16%
PUNJAB NATIONAL BANK · Certificate of deposit	CRISIL A1+	3.11%
CANARA BANK · Certificate of deposit	CRISIL A1+	2.72%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	2.52%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	2.34%
BANK OF BARODA · Certificate of deposit	CARE A1+	2.33%
BAJAJ HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	2.03%
REC LTD(^) · Bond	ICRA AAA	1.97%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Certificate of deposit	CARE A1+	1.94%
UNION BANK OF INDIA · Certificate of deposit	FITCH A1+	1.93%
VEDANTA LTD. ( Axis Trustee Services Ltd.) (^) · Bond	CRISIL AA+	1.60%
BAJAJ FINANCE LTD.(^) · Bond	CRISIL AAA	1.59%
PTC RADHAKRISHNA SECURITISATION TRUST 28/09/2028(RADHAKRISHNA TRUST)	CRISIL AAA(SO)	1.59%
TATA CAPITAL LTD.(^) · Bond	CRISIL AAA	1.59%
BHARTI TELECOM LTD. · Bond	CRISIL AAA	1.59%
Karnataka State Govt - 2031 - Karnataka(^) · State government security	SOV	1.58%
Tamil Nadu State Govt - 2029 - Tamil Nadu(^) · State government security	SOV	1.58%
Power Finance Corporation Ltd.(^) · Bond	CRISIL AAA	1.58%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	1.56%
BHARTI TELECOM LTD. · Bond	CRISIL AAA	1.56%
Karnataka State Govt - 2032 - Karnataka(^) · State government security	SOV	1.54%
ADANI POWER LTD · Bond	CRISIL AA	1.50%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Certificate of deposit	CARE A1+	1.49%
Tamil Nadu State Govt - 2033 - Tamil Nadu(^) · State government security	SOV	1.43%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Certificate of deposit	CRISIL A1+	1.35%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Bond	CRISIL AAA	1.27%
RJ CORP LIMITED · Bond	CRISIL AAA	1.20%
ADITYA BIRLA HOUSING FINANCE LTD(^) · Bond	ICRA AAA	1.20%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Commercial paper	CRISIL A1+	1.14%
BHARTI TELECOM LTD.(^) · Bond	CRISIL AAA	1.04%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.98%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.98%
BHARTI TELECOM LTD. · Bond	CRISIL AAA	0.97%
Madhya Pradesh State Govt - 2027 - Madhya Pradesh · State government security	SOV	0.80%
REC LTD · Bond	CRISIL AAA	0.80%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.80%
NEXUS SELECT TRUST REIT · Bond	CRISIL AAA	0.80%
HINDUJA LEYLAND FINANCE LTD.(^) · Bond	CRISIL AA+	0.80%
PIRAMAL FINANCE LTD · Bond	CARE AA+	0.80%
VEDANTA LTD. · Bond	ICRA AA+	0.80%
VEDANTA LTD. · Bond	ICRA AA+	0.80%
VEDANTA LTD. · Bond	ICRA AA+	0.80%
MUTHOOT FINANCE LTD. · Bond	CRISIL AA+	0.80%
CAN FIN HOMES LTD. · Bond	ICRA AAA	0.80%
Kotak Mahindra Prime Ltd.(^)	CRISIL AAA	0.80%
Tamil Nadu State Govt - 2029 - Tamil Nadu(^) · State government security	SOV	0.79%
POONAWALLA FINCORP LIMITED · Bond	CRISIL AAA	0.79%
EMBASSY OFFICE PARKS REIT(^) · Bond	CRISIL AAA	0.78%
DLF Cyber City Developers Ltd · Bond	CRISIL AAA	0.78%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT · Certificate of deposit	FITCH A1+	0.78%
FEDERAL BANK LTD. · Certificate of deposit	CRISIL A1+	0.76%
BHARTI TELECOM LTD.(^) · Bond	CRISIL AAA	0.64%
PTC INDIA UNIVERSAL TRUST AL1 (SERIES A2) 20/07/2027(INDIA UNIVERSAL TRUST AL1)	FITCH AAA(SO)	0.61%
PTC IIFL FIN LIQUID GOLD (SERIES 8) 20/08/2027(LIQUID GOLD SERIES 9)	CRISIL AAA(SO)	0.50%
ADITYA BIRLA HOUSING FINANCE LTD · Bond	ICRA AAA	0.48%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.44%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.44%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.44%
REC LTD · Bond	ICRA AAA	0.40%
EMBASSY OFFICE PARKS REIT(^) · Bond	CRISIL AAA	0.40%
LIC HOUSING FINANCE LTD. · Bond	CRISIL AAA	0.40%
BAJAJ FINANCE LTD. · Bond	CRISIL AAA	0.40%
BAJAJ HOUSING FINANCE LTD.(^) · Bond	CRISIL AAA	0.40%
PNB HOUSING FINANCE LTD. · Bond	CARE AAA	0.40%
GOLDMAN SACHS (INDIA) FINANCE PRIVATE LIMITED · Bond	ICRA AAA	0.40%
BANK OF BARODA · Certificate of deposit	FITCH A1+	0.39%
TATA CAPITAL HOUSING FINANCE LTD. · Bond	CRISIL AAA	0.39%
HDFC BANK LTD. · Certificate of deposit	CARE A1+	0.39%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.39%
PUNJAB NATIONAL BANK · Certificate of deposit	CRISIL A1+	0.39%
BAJAJ FINANCE LTD. · Bond	CRISIL AAA	0.39%
BAJAJ FINANCE LTD. · Commercial paper	CRISIL A1+	0.39%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.39%
CANARA BANK · Certificate of deposit	CRISIL A1+	0.39%
PTC DHRUVA TRUST (SERIES A1) 24/03/2030 (MAT 24/10/2029)(DHRUVA TRUST)	ICRA AAA(SO)	0.36%
SBI ALTERNATIVE INVESTMENT FUND	Alternative Investment Fund	0.35%
PTC IIFL FIN LIQUID GOLD (SERIES 14A) 20/07/2027(LIQUID GOLD SERIES 14)	CRISIL AAA(SO)	0.33%
PTC INDIA UNIVERSAL TRUST AL2 (SERIES A2) 21/11/2027(INDIA UNIVERSAL TRUST AL2)	FITCH AAA(SO)	0.29%
PTC SANSAR TRUST (AUGUST 24 V) 25/09/2029(SANSAR TRUST)	CRISIL AAA(SO)	0.25%
MINDSPACE BUSINESS PARKS REIT · Bond	CRISIL AAA	0.20%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	0.20%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.19%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA · Certificate of deposit	CARE A1+	0.19%
NOMURA CAPITAL (INDIA) PRIVATE LIMITED · Bond	FITCH AAA	0.16%
RJ CORP LIMITED · Bond	CRISIL AAA	0.14%
PTC SANSAR TRUST (SERIES A1) 25/06/2030 ( MAT 31/08/2027)(SANSAR TRUST)	CRISIL AAA(SO)	0.10%
Nirma Ltd. · Bond	FITCH AA	0.08%
AXIS BANK LTD.	CRISIL A1+	0.08%
ADITYA BIRLA CAPITAL LTD · Commercial paper	ICRA A1+	0.08%
AADHAR HOUSING FINANCE LIMITED · Bond	ICRA AA+	0.08%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.06%
GODREJ SEEDS AND GENETICS LTD. ( ) · Bond	CRISIL AA	0.05%
BANK OF BARODA · Certificate of deposit	CARE A1+	0.04%
BAJAJ HOUSING FINANCE LTD. · Bond	CRISIL AAA	0.04%
Export-Import Bank of India · Certificate of deposit	CRISIL A1+	0.04%
Tamil Nadu State Govt - 2029 - Tamil Nadu · State government security	SOV	0.02%
Central Government - 2033 · Government security	SOV	0.01%
TATA CAPITAL LTD. · Bond	ICRA AAA	0.01%
ADITYA BIRLA CAPITAL LTD · Bond	ICRA AAA	0.01%

Kotak Ultra Short to 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 Term FundUltra Short · Kotak Mahindra	29.3%	34	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	15.9%	21	Compare
Axis Ultra Short Term fundUltra Short · Axis	15.7%	16	Compare
Axis Short Term FundShort Duration · Axis	15.4%	30	Compare
Canara Robeco Ultra Short to Short Term FundLow Duration · Canara Robeco	15.1%	12	Compare
Kotak Floating Interest Rates FundFloater · Kotak Mahindra	14.7%	14	Compare
HSBC Short Term FundShort Duration · HSBC	14.2%	20	Compare
Aditya Birla Sun Life Floating Interest Rates FundFloater · Aditya Birla Sun Life	14.1%	24	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 to Short Term Fund Overview

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

Expense ratio (Direct): 0.41%
Expense ratio (Regular): 1.18%
Category: Low Duration
Risk: Low to Moderate
Benchmark: NIFTY Low Duration Debt Index A-I
Launch date: 06-03-2008
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹12,565.95 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 133810
ISIN (Direct): INF178L01AX4
Scheme code (Regular): 133805
ISIN (Regular): INF178L01202
NAV history: From 02-02-2015, 11.7 years

Exit load: Nil

Tax on Kotak Ultra Short to Short Term Fund returns

Kotak Ultra Short to 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	Standard Income Distribution Cum Capital Withdrawal	₹1,471.2085	30-10-2026
direct	Monthly Reinvestment Payout Income Distribution Cum Capital Withdrawal	₹1,013.2993	30-10-2026
direct	Weekly Reinvestment Payout Income Distribution Cum Capital Withdrawal	₹1,068.1358	30-10-2026
direct	Growth	₹3,948.316	30-10-2026
regular	Standard Income Distribution Cum Capital Withdrawal	₹1,200.6695	30-10-2026
regular	Monthly Reinvestment Payout Income Distribution Cum Capital Withdrawal	₹1,006.0719	30-10-2026
regular	Weekly Reinvestment Payout Income Distribution Cum Capital Withdrawal	₹999.395	30-10-2026
regular	Growth	₹3,583.4708	30-10-2026

About Kotak Ultra Short to Short Term Fund

Kotak Ultra Short to Short Term Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Low Duration. It was launched on 06-03-2008. Its benchmark is NIFTY Low Duration Debt Index A-I. At the end of September 2026 it held 103 securities.

Fund Manager

Dharmesh Thakkar
Fund manager of Kotak Ultra Short to Short Term Fund, since 24-10-2025
Deepak Agrawal
Fund manager of Kotak Ultra Short to Short Term Fund, since 01-02-2015

See all funds of Kotak Mahindra Mutual Fund

AUM change

September 2026: ₹12,565.95 Cr; +3.91% from August 2026
August 2026: ₹12,093.28 Cr; +0.09% from July 2026
July 2026: ₹12,082.77 Cr; +4.86% from June 2026

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

Compare Kotak Ultra Short to Short Term Fund with Other Funds

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

Kotak Ultra Short to Short Term vs HSBC Ultra Short to Short TermLow Duration
Kotak Ultra Short to Short Term vs Nippon India Ultra Short to Short TermLow Duration
Kotak Ultra Short to Short Term vs Axis Ultra Short to Short Term15.9% overlap
Kotak Ultra Short to Short Term vs Mirae Asset Ultra Short to Short TermLow Duration
Kotak Ultra Short to Short Term vs Kotak Ultra Short Term29.3% overlap
Kotak Ultra Short to Short Term vs Axis Ultra Short Term fund15.7% overlap
Kotak Ultra Short to Short Term vs Axis Short Term15.4% overlap
Kotak Ultra Short to Short Term vs Canara Robeco Ultra Short to Short Term15.1% overlap

Compare with any other fund

Frequently Asked Questions for Kotak Ultra Short to Short Term Fund

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

The Direct plan NAV is ₹3,948.316. The Regular plan NAV is ₹3,583.4708, as on 30-10-2026.

What are the returns of Kotak Ultra Short to Short Term Fund?

The Direct plan returned +5.73% in 1 year, +7.33% a year over 3 years, +6.70% a year over 5 years. The Regular plan returned +4.91% in 1 year, +6.50% a year over 3 years, +5.88% a year over 5 years. These figures are as on 30-10-2026.

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

The Direct plan charges 0.41% a year. The Regular plan charges 1.18% 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 to Short Term Fund?

Kotak Ultra Short to Short Term Fund managed ₹12,565.95 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were Karnataka State Govt - 2031 - Karnataka(^) (3.93%), PUNJAB NATIONAL BANK (3.87%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (3.78%), JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^) (3.44%), BAJAJ HOUSING FINANCE LTD.(^) (3.16%). The fund held 103 securities in all.

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

Dharmesh Thakkar (since 24-10-2025), Deepak Agrawal (since 01-02-2015).

What is the exit load of Kotak Ultra Short to 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.