HealthyDirect · GrowthFit for a long SIP
Kotak Floating Interest Rates Fund
Kotak Mahindra Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund7.5 years
- NAV
- 1,665.8033
- 26 Oct 2026
- 1Y
- +5.0%
- Trailing CAGR
- AUM
- ₹3,240.48 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 72% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
7.5 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.24% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
72% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 44.0% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.0%
- 3Y+7.5%
- 5Y+6.6%
- 10Yn/a
- SI+7.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.5%
- 3Y+6.7%
- 5Y+7.1%
- 10Yn/a
- Since inception
- +7.1%
- Calendar-day CAGR
- Excess 1Y
- -0.5%
- Category median, same plan and option
- 3Y win rate
- +72%
- Windows beating the median
- 3Y percentile
- 64
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.3%
- 1079 daily-ending windows
- Median rolling 3Y
- +6.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 595 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.0%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 47 days
- Days below latest peak
- Time below peak
- +39%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 173 recovered episodes
- Longest recovery
- 81 days
- Trough to prior peak
6 Mar 2020 – 30 Mar 2020
Trough 26 Mar 2020 · recovered in 4 days
-2.0%
8 Jan 2021 – 26 Apr 2021
Trough 17 Mar 2021 · recovered in 40 days
-1.9%
5 Apr 2022 – 26 Jul 2022
Trough 6 May 2022 · recovered in 81 days
-1.1%
31 Mar 2020 – 8 May 2020
Trough 13 Apr 2020 · recovered in 25 days
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
64
Vs category
47
Consistency
68
Risk-adjusted
68
Drawdown
95
Mean
68
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 72% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 44 holdings · top 10 are 44.0%.
- Top 5
- 28.0%
- Top 10
- 44.0%
- Largest holding
- 6.1%
- Effective holdings
- 30.9
POWER FINANCE CORPORATION LIMITED SR 258A 6.92 BD 16FB28 FVRS1LAC
Financial
6.1%
STATE DEVELOPMENT LOAN 37058 KAR 11AG32 7.19 FV RS 100
Unspecified
5.9%
STATE DEVELOPMENT LOAN 37067 TN 11FB33 7.31 FV RS 100
Unspecified
5.5%
REC LIMITED SR 251 6.95 BD 18FB28 FVRS1LAC
Financial
5.3%
PIPELINE INFRASTRUCTURE LIMITED SR 2 7.96 NCD 11MR28 FVRS1AC
Industrials
5.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ICICI Prudential Floating Interest Rates Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -1.8%
- Sharpe
- 2.57
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +5.6%
- 3Y
- +8.2%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.69
- 3Y win
- +99%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
BANDHAN FLOATING INTEREST RATES FUND
Bandhan Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.6%
- Vol
- 0.8%
- Max DD
- -0.7%
- Sharpe
- 0.88
- 3Y win
- +12%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
DSP Floating Interest Rates Fund
DSP Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.7%
- Sharpe
- 0.74
- 3Y win
- +82%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.9%
- Vol
- 0.6%
- Max DD
- -1.3%
- Sharpe
- 0.90
- 3Y win
- +27%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER