Debt · Ultra Short Term Fun

Kotak Ultra Short Term Fund

Kotak Mahindra Mutual Fund

Benchmark

NIFTY Ultra Short Duration Debt Index A-I

Riskometer

Low to Moderate

Size

₹16,032 cr

Allotted

13 Aug 2004

Holdings as of

Not on record

Kotak Ultra Short Term Fund is a ultra short term fun fund of Kotak Mahindra Mutual Fund with ₹16,032 cr under management. It is ahead of its benchmark (NIFTY Ultra Short Duration Debt Index A-I) in 2 of 4 periods. Its direct plan charges 0.36% a year. Deepak Agrawal has managed it for 18.5 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is Kotak Ultra Short Term Fund invested in?

Mix not on record

Has Kotak Ultra Short Term Fund beaten its benchmark?

Ahead of its benchmark, NIFTY Ultra Short Duration Debt Index A-I, in 2 of 4 periods in AMFI's figures; +6.47% over the last year against +6.69%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.45%	−3.60%	—
3 months	+1.62%	−5.03%	—
6 months	+3.19%	−1.83%	—
1 year	+6.45%	−4.06%	+10.51 pts
3 years	+7.21%	+9.27%	−2.06 pts
5 years	+6.61%	+8.00%	−1.39 pts
10 years	+6.69%	+12.69%	−6.00 pts
Since start from 2 Jan 2013	+7.37%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (NIFTY Ultra Short Duration Debt Index A-I) in 2 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.47%	+5.98%	+6.69%	−0.22	🔒
3y	+7.20%	+6.72%	+7.20%	−0.00	🔒
5y	+6.61%	+6.14%	+6.60%	+0.01	🔒
10y	+6.68%	+6.24%	+6.52%	+0.16	🔒

Ahead in points a year · its rank among Ultra Short Term Fun funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 14 Oct 2026

Fund 191Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹191 on 14 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Kotak Ultra Short Term Fund cost?

0.36% a year on the direct plan, 0.82% on the regular plan; 20 of 23 funds in its category charge less.

Direct plan

0.36% a year

Category median 0.30%

Regular plan

0.82% a year

Category median 0.82%

Gap

0.46 points

for the same holdings

20 of 23 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Income/Debt Oriented Schemes - Ultra Short Term Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Kotak Ultra Short Term Fund?

Deepak Agrawal, since 1 Apr 2008; Manu Sharma, since 1 Nov 2022.

Deepak Agrawal

18.5 years

since 1 Apr 2008

Manu Sharma

4.0 years

since 1 Nov 2022

Benchmark as filedNifty Ultra Short Duration Debt Index A-I

Exit load

Nil

From 1 Scheme Summary Documents filed with NSE, first on 29 Sep 2026; as on 29 Sep 2026

Questions people ask

Who manages Kotak Ultra Short Term Fund?

Deepak Agrawal (manager) since 1 Apr 2008; Manu Sharma (manager) since 1 Nov 2022.

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

0.36% a year on the direct plan and 0.82% on the regular plan (expense report, Oct 2026).

How has Kotak Ultra Short Term Fund done?

Its direct plan returned +7.20% a year over 3 years against +7.20% for its benchmark, NIFTY Ultra Short Duration Debt Index A-I, as of 13 Oct 2026.