GMP IPO Watch
Income/Debt Oriented Schemes - Ultra Short to Short Term Fund
Kotak Ultra Short to Short Term Fund
Direct Plan · Growth Option · Kotak Mahindra Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹3722.26 13 Oct 2025
52W High ₹3949.54 13 Oct 2026
₹3948.8632
NAV as of 14 Oct 2026
-0.02% day change
Other Plans of This Fund
Direct Plan · Monthly - Reinvestment & Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan · Standard Income Distribution cum capital withdrawal option
Direct Plan · Weekly - Reinvestment & Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan · Growth Option
Regular Plan · Monthly - Reinvestment & Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan · Standard Income Distribution cum capital withdrawal option
Regular Plan · Weekly - Reinvestment & Payout of Income Distribution cum Capital Withdrawal Option
ISININF178L01AX4
Scheme Code133810
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹7,586.99 Cr
Expense Ratio (as of 7 Oct 2026)0.41%
Min. Investment₹5,000
Inception Date29 Feb 2008
BenchmarkNifty Low Duration Debt Index A-I · -
Portfolio Turnover179.24%
NFO Period29-Jan-2008 – 29-Jan-2008
Returns
1Y
+6.11%
3Y
+7.45%
5Y
+6.72%
7Y
+6.83%
10Y
+7.28%
Since Inception
+7.66%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.07% | +0.05% | 16 of 25 |
| 1M | +0.27% | +0.24% | 18 of 25 |
| 3M | +1.38% | +0.94% | 14 of 25 |
| 6M | +3.13% | +2.10% | 14 of 25 |
| YTD | +4.73% | +3.24% | 14 of 25 |
| 1Y | +6.11% | +4.10% | 13 of 23 |
| 2Y | +7.12% | +4.71% | 10 of 20 |
| 3Y | +7.45% | +4.88% | 10 of 20 |
| 5Y | +6.72% | +4.05% | 10 of 17 |
| 7Y | +6.83% | +4.21% | 6 of 17 |
| 10Y | +7.28% | +4.17% | 2 of 15 |
| INCEPTION | +7.66% | — | — |
Ranked among: Income/Debt Oriented Schemes - Ultra Short to Short Term Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.89% | +4.72% | +0.21% | 100% | 41% |
| 6M | +3.78% | +6.63% | +1.12% | 100% | 41% |
| 1Y | +7.68% | +10.35% | +3.36% | 100% | 43% |
| 2Y | +7.59% | +9.83% | +4.28% | 100% | 43% |
| 3Y | +7.46% | +9.16% | +5.36% | 100% | 43% |
| 5Y | +7.31% | +9.05% | +6.45% | 100% | 43% |
| 7Y | +7.32% | +8.16% | +6.84% | 100% | 43% |
| 10Y | +7.61% | +7.82% | +7.28% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt97.83%
- Cash2.17%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings103
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| SDL KA 7.15% 2031 | SOV | 3.93% | -0.20% |
| PUNJAB NATIONAL BANK** | Money Market | 3.87% | -0.13% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT** | Debt | 3.78% | -0.16% |
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^)** | Debt | 3.44% | -0.13% |
| BAJAJ HOUSING FINANCE LTD.(^)** | Debt | 3.16% | -0.14% |
| PUNJAB NATIONAL BANK** | Money Market | 3.11% | +1.50% |
| CANARA BANK** | Money Market | 2.72% | -0.09% |
| HDFC BANK LTD.** | Money Market | 2.52% | +1.32% |
| HDFC BANK LTD. | Money Market | 2.34% | — |
| BANK OF BARODA** | Money Market | 2.33% | -0.08% |
| Triparty Repo | Reverse Repo / TREPS | 2.17% | — |
| BAJAJ HOUSING FINANCE LTD.(^)** | Debt | 2.03% | -0.09% |
| REC LTD(^) | Debt | 1.97% | -0.08% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** | Money Market | 1.94% | -0.07% |
| UNION BANK OF INDIA** | Money Market | 1.93% | -0.07% |
View all 105 holdings
| VEDANTA LTD. ( Axis Trustee Services Ltd.) (^)** | Debt | 1.60% | -0.06% |
| BHARTI TELECOM LTD.** | Debt | 1.59% | -0.07% |
| TATA CAPITAL LTD.(^)** | Debt | 1.59% | -0.07% |
| BAJAJ FINANCE LTD.(^) | Debt | 1.59% | -0.06% |
| RKST-7.66%-28-9-28-PTC | Debt | 1.59% | -0.09% |
| Power Finance Corporation Ltd.(^)** | Debt | 1.58% | -0.06% |
| SDL KA 7.25% 2031 | SOV | 1.58% | -0.08% |
| SDL TN 6.92% 2029 | SOV | 1.58% | -0.07% |
| BHARTI TELECOM LTD.** | Debt | 1.56% | -0.07% |
| HDFC BANK LTD.** | Money Market | 1.56% | — |
| SDL KA 7.19% 2032 | SOV | 1.54% | -0.08% |
| ADANI POWER LTD** | Debt | 1.50% | -0.06% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** | Money Market | 1.49% | -0.05% |
| SDL TN 7.31% 2033 | SOV | 1.43% | -0.08% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT** | Money Market | 1.35% | -0.04% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | Debt | 1.27% | -0.05% |
| RJ CORP LIMITED** | Debt | 1.20% | -0.05% |
| ADITYA BIRLA HOUSING FINANCE LTD(^)** | Debt | 1.20% | -0.04% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** | Money Market | 1.14% | -0.03% |
| BHARTI TELECOM LTD.(^)** | Debt | 1.04% | -0.04% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.98% | -0.04% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.98% | -0.04% |
| BHARTI TELECOM LTD. | Debt | 0.97% | -0.04% |
| VEDANTA LTD.** | Debt | 0.80% | -0.03% |
| PIRAMAL FINANCE LTD** | Debt | 0.80% | -0.03% |
| VEDANTA LTD. | Debt | 0.80% | -0.03% |
| CAN FIN HOMES LTD.** | Debt | 0.80% | -0.03% |
| REC LTD** | Debt | 0.80% | -0.03% |
| NEXUS SELECT TRUST REIT** | Debt | 0.80% | -0.03% |
| VEDANTA LTD.** | Debt | 0.80% | — |
| MUTHOOT FINANCE LTD.** | Debt | 0.80% | -0.02% |
| EMBASSY OFFICE PARKS REIT** | Debt | 0.80% | -0.03% |
| HINDUJA LEYLAND FINANCE LTD.(^)** | Debt | 0.80% | -0.03% |
| Kotak Mahindra Prime Ltd.(^)** | Debt | 0.80% | -0.03% |
| Madhya Pradesh State Govt - 2027 - Madhya Pradesh | SOV | 0.80% | -0.04% |
| POONAWALLA FINCORP LIMITED** | Debt | 0.79% | -0.03% |
| SDL TN 7.03% 2029 | SOV | 0.79% | -0.04% |
| DLF Cyber City Developers Ltd** | Debt | 0.78% | -0.03% |
| EMBASSY OFFICE PARKS REIT(^)** | Debt | 0.78% | -0.03% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT** | Money Market | 0.78% | — |
| FEDERAL BANK LTD.** | Money Market | 0.76% | -0.02% |
| BHARTI TELECOM LTD.(^)** | Debt | 0.64% | -0.02% |
| IUTA1-8.12%-20-7-27-PTC | Debt | 0.61% | -0.18% |
| LGS9-9.11%-20-8-27-PTC | Debt | 0.50% | -0.06% |
| ADITYA BIRLA HOUSING FINANCE LTD** | Debt | 0.48% | +0.07% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.44% | -0.02% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.44% | -0.02% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.44% | -0.02% |
| EMBASSY OFFICE PARKS REIT(^)** | Debt | 0.40% | -0.01% |
| PNB HOUSING FINANCE LTD.** | Debt | 0.40% | -0.01% |
| BAJAJ FINANCE LTD.** | Debt | 0.40% | -0.01% |
| LIC HOUSING FINANCE LTD.** | Debt | 0.40% | -0.01% |
| BAJAJ HOUSING FINANCE LTD.(^)** | Debt | 0.40% | -0.01% |
| REC LTD** | Debt | 0.40% | -0.01% |
| GOLDMAN SACHS (INDIA) FINANCE PRIVATE LIMITED** | Debt | 0.40% | -0.01% |
| EMBASSY OFFICE PARKS REIT** | Debt | 0.39% | -0.02% |
| TATA CAPITAL HOUSING FINANCE LTD.** | Debt | 0.39% | -0.02% |
| BAJAJ FINANCE LTD. | Debt | 0.39% | -0.02% |
| HDFC BANK LTD.** | Money Market | 0.39% | — |
| CANARA BANK | Money Market | 0.39% | -0.01% |
| BANK OF BARODA | Money Market | 0.39% | -0.01% |
| CANARA BANK** | Money Market | 0.39% | -0.01% |
| PUNJAB NATIONAL BANK | Money Market | 0.39% | -0.01% |
| BAJAJ FINANCE LTD.** | Money Market | 0.39% | — |
| DHRUVA-9.5%-24-10-29-PTC | Debt | 0.36% | -0.03% |
| SBI ALTERNATIVE INVESTMENT FUND | Alternative Investment Fund | 0.35% | -0.01% |
| LGS-9.1%-20-1-28-PTC | Debt | 0.33% | -0.04% |
| IUTAL2-8.09%-21-11-27-PTC | Debt | 0.29% | -0.05% |
| SANSARAUG2024-8.85%-25-9- | Debt | 0.25% | -0.06% |
| MINDSPACE BUSINESS PARKS REIT** | Debt | 0.20% | -0.01% |
| Mahindra & Mahindra Financial Services Ltd.** | Debt | 0.20% | -0.01% |
| EMBASSY OFFICE PARKS REIT** | Debt | 0.19% | -0.01% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | Money Market | 0.19% | — |
| NOMURA CAPITAL (INDIA) PRIVATE LIMITED** | Debt | 0.16% | -0.01% |
| RJ CORP LIMITED** | Debt | 0.14% | — |
| SJT2024-25-6-30-PTC | Debt | 0.10% | -0.02% |
| AADHAR HOUSING FINANCE LIMITED** | Debt | 0.08% | +0.00% |
| Nirma Ltd.** | Debt | 0.08% | +0.00% |
| AXIS BANK LTD.** | Money Market | 0.08% | -0.08% |
| ADITYA BIRLA CAPITAL LTD** | Money Market | 0.08% | — |
| EMBASSY OFFICE PARKS REIT** | Debt | 0.06% | +0.00% |
| GODREJ SEEDS AND GENETICS LTD. ( ) ** | Debt | 0.05% | +0.00% |
| BAJAJ HOUSING FINANCE LTD.** | Debt | 0.04% | +0.00% |
| BANK OF BARODA** | Money Market | 0.04% | — |
| Export-Import Bank of India** | Money Market | 0.04% | — |
| SDL TN 6.54% 2029 | SOV | 0.02% | +0.00% |
| TATA CAPITAL LTD.** | Debt | 0.01% | +0.00% |
| ADITYA BIRLA CAPITAL LTD** | Debt | 0.01% | +0.00% |
| GS22SEP33 | SOV | 0.01% | +0.00% |
| Net Current Assets/(Liabilities) | Money Market | -0.65% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.59 | 1.15 | Low Volatility |
| 3Y | 0.72 | 0.80 | Low Volatility |
| 5Y | 0.77 | 0.82 | Low Volatility |
What is this?
Risk as measured by standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data points relative to its mean (average).
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.65 | -0.03 | Good Risk Adjusted Returns |
| 3Y | 1.50 | 0.74 | Good Risk Adjusted Returns |
| 5Y | 1.04 | 0.28 | Good Risk Adjusted Returns |
What is this?
Higher the value means that fund has been able to give better returns for the amount of risk taken. It helps investors understand the return of an investment compared to its risk, showing whether the returns are due to intelligent investing or simply taking on excess risk. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns.
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.36 | 0.37 | Good Risk Adjusted Returns |
| 3Y | 3.57 | 2.68 | Good Risk Adjusted Returns |
| 5Y | 1.92 | 1.72 | Good Risk Adjusted Returns |
What is this?
The Sortino Ratio is a financial metric used to measure the risk-adjusted return of an investment. It's a modification of the Sharpe Ratio but with a key difference; it only considers downside risk (the risk of negative returns), rather than total volatility. This means it focuses on how well an investment performs relative to the volatility that leads to losses, ignoring the volatility that results in gains. The idea is that investors are primarily concerned with minimizing losses, and positive volatility is generally seen as a good thing.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.43 | 1.36 | Poor Risk Adjusted Returns |
| 3Y | 1.41 | 1.35 | Poor Risk Adjusted Returns |
| 5Y | 1.29 | 1.20 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Franklin India Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.33% | — | — | +7.29% |
|
Mahindra Manulife Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.23% | +7.43% | +6.70% | +6.88% |
|
Edelweiss Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.15% | — | — | +6.85% |
|
Nippon India Ultra Short to Short Term Fund
Regular Plan · Retail Plan - Bonus Option
|
+6.04% | +6.84% | +6.09% | +5.21% |
|
UTI Ultra Short to Short Term Fund
Regular Plan · Discontinued Annual IDCW
|
+5.93% | +6.97% | +6.18% | +6.02% |
|
Canara Robeco Ultra Short to Short Term Fund
Regular Plan · GROWTH OPTION
|
+5.85% | +6.90% | +6.18% | +7.32% |
|
Axis Ultra Short to Short Term Fund
Regular Plan · Growth Option
|
+5.84% | +7.07% | +6.35% | +7.35% |
|
HSBC Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.76% | +7.34% | — | +7.28% |
|
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Regular Plan · Growth
|
+5.66% | +6.82% | +6.12% | +7.23% |
|
HDFC Ultra Short to Short Term Fund
Regular Plan · Growth Option
|
+5.44% | +6.75% | +6.09% | +7.11% |
More From Kotak Mahindra Asset Management Company Limited.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Kotak US Specific Equity Passive FOF
Direct Plan · Growth
|
+34.43% | +32.13% | +21.67% | +21.22% |
|
Kotak Global Emerging Market Overseas Equity Active FOF
Direct Plan · Growth
|
+33.80% | +28.00% | +12.51% | +9.60% |
|
Kotak Global Innovation Overseas Equity Active FOF
Direct Plan · Growth
|
+28.81% | +27.62% | +11.00% | +10.06% |
|
Kotak Silver ETF Fund of Fund
Direct Plan · Growth
|
+28.23% | +44.16% | — | +33.93% |
| Kotak Silver ETF | +27.39% | +45.00% | — | +34.17% |
|
Kotak Healthcare Fund
Direct Plan · IDCW Option
|
+22.49% | — | — | +20.99% |
| KOTAK GOLD ETF | +18.35% | +34.86% | +24.31% | +14.68% |
|
Kotak Gold Fund
Direct Plan · Growth
|
+18.06% | +34.50% | +23.97% | +10.86% |
|
Kotak MNC Fund
Direct Plan · IDCW Option
|
+16.71% | — | — | +11.77% |
|
Kotak Special Opportunities Fund
Direct Plan · Growth
|
+15.18% | — | — | +6.22% |
About This Scheme
Investment Objective
The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Stated Asset Allocation
Debt and Money Market instruments including government securities - 0 to 100%
Exit Load
Nil
Fund Managers
FM 1Mr. Dharmesh Thakkar, FM2 Mr. Deepak Agrawal
FM 1 Primary, FM 2 Primary
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Kotak Mahindra Asset Management Company Limited. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.