Markets / Mutual funds / Ultra Short Duration

Kotak Ultra Short Term Fund - Direct Plan - IDCW

NAVs of 8 Nov 2026

Kotak Mahindra Mutual Fund · Debt fund · Direct plan · IDCW

Ultra Short DurationDirect · IDCWRisk: Moderate

NAV · 6 Nov 2026

₹10.1391 ▲ 0.01%

Kotak Mahindra Mutual Fund

Fund size₹15,663 crJuly - September 2026

1-month range₹10.10 – 10.14

1 year–

Expense ratio0.36%direct plan, a year

5 years–a year

What the fund does

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

BenchmarkNifty Ultra Short Duration Debt Index A-I

Launched13 Aug 2004

Fund houseKotak Mahindra Mutual Fund

Fund managersFM 1 Mr. Deepak AgrawalFM2 Mr. Manu Sharma

NAV history

Returns

1 week

+0.20%avg 0.2%

1 month

+0.36%avg 0.4%

Bars: this plan; the thin mark is the Ultra Short Duration average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026								+0.3	+0.5	+0.3	+0.2

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Holdings112114 lines in all

Top 10 holdings28.6%of the fund

Debt41.3%bonds, government securities

Money market55.7%CDs, CPs, treasury bills

Where the money is

Equity 0.3%Debt 41.3%Money market 55.7%Cash & others 2.8%Short -1.0%

Credit quality (debt and money market)

A1+

49.4%

Sovereign

14.7%

AAA

13.0%

AA+

12.4%

7.5%

Stocks held 2

Holding	Sector / type	% of fund
SBI ALTERNATIVE INVESTMENT FUND INF0RQ622028	Alternative Investment Fund	0.31%
Notes :	–	0.00%

Short positions 1

Holding	Sector / type	% of fund
Net Current Assets/(Liabilities)	–	-1.04%

Bonds, money market and cash 111

Holding	Sector / type	% of fund
AXIS BANK LTD.(^)** INE238AD6BW9	CRISIL A1+	4.53%
BANK OF BARODA** INE028A16LH3	CARE A1+	3.84%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^)** INE261F08EF5	ICRA AAA	3.77%
182 DAYS TREASURY BILL 11/02/2027 IN002026Y196	SOV	3.37%
Tamil Nadu State Govt - 2029 - Tamil Nadu(^) IN3120250730	SOV	2.91%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^)** INE556F14MP8	CRISIL A1+	2.34%
MANKIND PHARMA LTD** INE634S07025	CRISIL AA+	1.97%
MUTHOOT FINANCE LTD.(^)** INE414G07JX2	CRISIL AA+	1.95%
Maharashtra State Govt - 2030 - Maharashtra(^) IN2220250426	SOV	1.94%
HDFC BANK LTD.** INE040A16KF4	CARE A1+	1.93%
MINDSPACE BUSINESS PARKS REIT(^)** INE0CCU14146	CRISIL A1+	1.87%
HDFC BANK LTD.(^)** INE040A16IK8	CARE A1+	1.77%
91 DAYS TREASURY BILL 03/12/2026 IN002026X222	SOV	1.62%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^)** INE261F16AD1	CRISIL A1+	1.61%
PUNJAB NATIONAL BANK** INE160A16UE2	CRISIL A1+	1.60%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** INE556F16BY8	CARE A1+	1.60%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^)** INE556F16CB4	CARE A1+	1.60%
HDFC BANK LTD.(^)** INE040A16IO0	CARE A1+	1.59%
YES BANK LTD.** INE528G16X52	CRISIL A1+	1.59%
PUNJAB NATIONAL BANK(^)** INE160A16UD4	CRISIL A1+	1.44%
VEDANTA LTD. INE205A08038	ICRA AA+	1.31%
TATA PROJECTS LTD.** INE725H08170	FITCH AA	1.31%
POONAWALLA FINCORP LIMITED(^)** INE511C07854	CRISIL AAA	1.31%
PTC RADHAKRISHNA SECURITISATION TRUST 28/09/2028(RADHAKRISHNA TRUST)** INE2I7H15018	CRISIL AAA(SO)	1.31%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT(^) INE261F08EK5	CRISIL AAA	1.30%
TORRENT PHARMACEUTICALS LTD.(^)** INE685A07132	ICRA AA+	1.30%
BHARTI TELECOM LTD.(^)** INE403D08306	CRISIL AAA	1.28%
364 DAYS TREASURY BILL 11/02/2027 IN002025Z450	SOV	1.28%
PUNJAB & SIND BANK** INE608A16SX4	ICRA A1+	1.27%
HDFC BANK LTD.(^)** INE040A16IZ6	CARE A1+	1.27%
ADANI POWER LTD(^)** INE814H07208	CRISIL AA	1.24%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(^)** INE556F16CG3	CARE A1+	1.23%
PIRAMAL FINANCE LTD** INE202B07JR4	CARE AA+	1.15%
BANK OF BARODA(^)** INE028A16LF7	FITCH A1+	1.12%
HDFC BANK LTD.** INE040A16IM4	CARE A1+	1.12%
Madhya Pradesh State Govt - 2027 - Madhya Pradesh(^) IN2120170039	SOV	0.99%
NUVAMA WEALTH FINANCE LIMITED(^)** INE918K07QF6	CARE AA	0.98%
360 ONE PRIME LTD.(^)** INE248U07GG6	ICRA AA	0.98%
TATA HOUSING DEVELOPMENT CO. LTD.(^)** INE582L14JH5	CARE A1+	0.96%
IIFL FINANCE LIMITED(^)** INE530B14GL3	CRISIL A1+	0.96%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT** INE261F16AM2	CRISIL A1+	0.95%
FEDERAL BANK LTD.(^)** INE171A16NX4	CRISIL A1+	0.94%
ICICI HOME FINANCE COMPANY LIMITED** INE071G07876	ICRA AAA	0.82%
MANKIND PHARMA LTD(^)** INE634S07033	CRISIL AA+	0.82%
FEDERAL BANK LTD.(^)** INE171A16NK1	CRISIL A1+	0.80%
IIFL FINANCE LIMITED(^)** INE530B14IJ3	CRISIL A1+	0.80%
JUBILANT BEVCO LIMITED ( Axis Trustee Services Limited step up or down 25 bps for every rating chang) (^) INE1D4P08019	CRISIL AA	0.74%
MUTHOOT FINANCE LTD.(^)** INE414G07IR6	CRISIL AA+	0.66%
VEDANTA LTD.** INE205A08103	ICRA AA+	0.66%
MUTHOOT FINANCE LTD.** INE414G07KC4	CRISIL AA+	0.66%
EMBASSY OFFICE PARKS REIT** INE041007084	CRISIL AAA	0.66%
Mahindra & Mahindra Financial Services Ltd.** INE774D07VP7	CRISIL AAA	0.66%
Gujarat State Govt - 2026 - Gujarat IN1520210130	SOV	0.66%
MUTHOOT FINANCE LTD.** INE414G07JZ7	CRISIL AA+	0.65%
360 ONE PRIME LTD.(^)** INE248U07GA9	ICRA AA	0.65%
Power Finance Corporation Ltd.(^)** INE134E08OA7	CRISIL AAA	0.65%
TATA CAPITAL HOUSING FINANCE LTD.(^)** INE033L07IR4	CRISIL AAA	0.65%
Bahadur Chand Investments Private Limited** INE087M14BY5	ICRA A1+	0.65%
Manappuram Finance Ltd.** INE522D14OZ0	CRISIL A1+	0.65%
CANARA BANK** INE476A16G36	CRISIL A1+	0.64%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA** INE556F16BW2	CARE A1+	0.64%
INDUSIND BANK LTD.** INE095A162D0	CRISIL A1+	0.64%
HDFC BANK LTD.** INE040A16JC3	CARE A1+	0.64%
UNION BANK OF INDIA** INE692A16LR5	FITCH A1+	0.64%
CANARA BANK(^) INE476A16H35	CRISIL A1+	0.64%
MUTHOOT FINANCE LTD.** INE414G14VD5	CRISIL A1+	0.64%
MUTHOOT FINANCE LTD.** INE414G14VP9	CRISIL A1+	0.63%
AXIS SECURITIES LIMITED** INE110O14IX8	CRISIL A1+	0.63%
BIRLA GROUP HOLDING PRIVATE LIMITED** INE09OL14JA2	CRISIL A1+	0.63%
Tamil Nadu State Govt - 2026 - Tamil Nadu IN3120160152	SOV	0.49%
MUTHOOT FINANCE LTD. INE414G07JS2	CRISIL AA+	0.48%
CANARA BANK INE476A16G28	CRISIL A1+	0.48%
MUTHOOT FINANCE LTD.** INE414G14VJ2	CRISIL A1+	0.48%
EMBASSY OFFICE PARKS REIT** INE041014106	CRISIL A1+	0.48%
CHOLAMANDALAM SECURITIES LIMITED** INE04JX14173	ICRA A1+	0.44%
BHARTI TELECOM LTD.(^)** INE403D08231	CRISIL AAA	0.39%
VEDANTA LTD. ( Axis Trustee Services Ltd.) ** INE205A08046	CRISIL AA+	0.33%
TATA CAPITAL LTD.** INE976I07DE9	CRISIL AAA	0.33%
TATA CAPITAL HOUSING FINANCE LTD.(^)** INE033L07IO1	CRISIL AAA	0.33%
Central Government - 2028 IN0020210160	SOV	0.33%
Karnataka State Govt - 2027 - Karnataka IN1920160091	SOV	0.33%
Bihar State Govt - 2027 - Bihar IN1320160162	SOV	0.33%
GODREJ SEEDS AND GENETICS LTD. ( ) (^)** INE316Z08048	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) ** INE316Z08055	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) (^)** INE316Z08030	CRISIL AA	0.32%
GODREJ SEEDS AND GENETICS LTD. ( ) (^)** INE316Z08014	CRISIL AA	0.32%
PTC IIFL FIN LIQUID GOLD (SERIES 14A) 20/07/2027(LIQUID GOLD SERIES 14)** INE2JYU15015	CRISIL AAA(SO)	0.32%
PUNJAB NATIONAL BANK INE160A16UI3	CRISIL A1+	0.32%
CANARA BANK** INE476A16H01	CRISIL A1+	0.32%
BANK OF INDIA** INE084A16FS5	CRISIL A1+	0.32%
UNION BANK OF INDIA** INE692A16LM6	ICRA A1+	0.32%
CANARA BANK INE476A16H43	CRISIL A1+	0.32%
HDFC BANK LTD. INE040A16IU7	CARE A1+	0.32%
BANK OF BARODA INE028A16LS0	CARE A1+	0.32%
MUTHOOT FINANCE LTD.** INE414G14VI4	CRISIL A1+	0.32%
CREDILA FINANCIAL SERVICES PVT LTD(^)** INE539K14BZ6	CRISIL A1+	0.32%
PTC IIFL FIN LIQUID GOLD (SERIES 8) 20/08/2027(LIQUID GOLD SERIES 9)** INE1YBL15013	CRISIL AAA(SO)	0.30%
Gujarat State Govt - 2026 - Gujarat IN1520220154	SOV	0.30%
GODREJ SEEDS AND GENETICS LTD. ( ) (^)** INE316Z08022	CRISIL AA	0.29%
Triparty Repo	–	0.18%
LIC HOUSING FINANCE LTD.** INE115A07PN6	CRISIL AAA	0.17%
GODREJ PROPERTIES LIMITED(^)** INE484J08089	ICRA AA+	0.16%
GODREJ INDUSTRIES LTD ( ) ** INE233A08154	CRISIL AA+	0.16%
GS CG 17/12/2026 - (STRIPS) IN001226C033	SOV	0.16%
CANARA BANK** INE476A16G44	CRISIL A1+	0.16%
BANK OF BARODA** INE028A16LR2	CARE A1+	0.16%
UNION BANK OF INDIA INE692A16LU9	ICRA A1+	0.16%
GODREJ INDUSTRIES LTD ( ) ** INE233A08139	ICRA AA+	0.10%
360 ONE PRIME LTD.** INE248U14TE0	CRISIL A1+	0.06%
GODREJ FINANCE LTD** INE02KN07022	CRISIL AA+	0.03%
HDFC BANK LTD.** INE040A16IQ5	CARE A1+	0.03%

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From the fund house's monthly portfolio (kotakmf.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility0.4%yearly, from daily NAVs

Worst fall-0.07%19 Oct 2026 → 22 Oct 2026

RiskometerModerateModerate

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 10 Aug 2026).

Fund details

Fund size (average AUM, July - September 2026)	₹15,663 cr across all plans · this plan ₹0.03 cr
Fund house	Kotak Mahindra Mutual Fund
Category	Debt · Ultra Short Duration
Plan	Direct
Option	IDCW
Expense ratio (TER)	Direct 0.36% · Regular 0.82% (3 Nov 2026)
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	154608
ISIN	INF174KA1E41
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹48.8675	+6.33%
Direct · IDCW	₹21.0697	+6.36%
Direct · IDCW	₹10.0072	–
Regular · Growth	₹46.3586	+5.84%
Regular · IDCW	₹10.7404	-0.12%
Regular · IDCW	₹10.0049	–

Top Ultra Short Duration funds (direct plans)

Fund	1 year	3 years (a year)
HSBC Ultra Short to Short Term Fund	+6.00%	+7.76%
Nippon India Ultra Short Term Fund	+6.87%	+7.55%
Aditya Birla Sun Life Ultra Short Term Fund	+6.44%	+7.45%
Nippon India Ultra Short to Short Term Fund	+6.13%	+7.41%
Kotak Ultra Short to Short Term Fund	+5.85%	+7.39%
ICICI Prudential Ultra Short to Short Term Fund	+6.04%	+7.38%
Mahindra Manulife Ultra Short to Short Term Fund	+6.08%	+7.38%
ICICI Prudential Ultra Short term Fund	+6.46%	+7.36%

All Ultra Short Duration funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Kotak Ultra Short Term Fund - Direct Plan - IDCW today?

₹10.1391 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Kotak Ultra Short Term Fund - Direct Plan - IDCW?

Returns appear once enough NAV history is available.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.