HealthyDirect · GrowthFit for a long SIP
Kotak Medium Term Fund
Kotak Mahindra Mutual FundDebt Scheme - Medium Duration Fund12.6 years
The scheme seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.
- NAV
- 27.4257
- 30 Oct 2026
- 1Y
- +5.1%
- Trailing CAGR
- AUM
- ₹1,926.02 Cr
- 31 Aug 2026
- Volatility
- Low
- 2.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 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 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
12.6 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.67% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -5.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Vihag Mishra · 1.4 years on the scheme.
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 ≈ 41.7% 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+5.1%
- 3Y+8.6%
- 5Y+7.2%
- 10Y+7.3%
- SI+8.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.5%
- 3Y+7.4%
- 5Y+7.7%
- 10Y+7.4%
- Since inception
- +8.3%
- Calendar-day CAGR
- Excess 1Y
- -2.9%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +7.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.5%
- 2324 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1842 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -5.2%
- Worst peak-to-trough
- Current
- -0.9%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +51%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 320 recovered episodes
- Longest recovery
- 72 days
- Trough to prior peak
4 Mar 2020 – 30 Jun 2020
Trough 29 Apr 2020 · recovered in 62 days
-5.2%
3 Jun 2019 – 21 Aug 2019
Trough 10 Jun 2019 · recovered in 72 days
-2.1%
6 Apr 2022 – 28 Jul 2022
Trough 17 Jun 2022 · recovered in 41 days
-1.5%
8 Jan 2021 – 6 Apr 2021
Trough 16 Mar 2021 · recovered in 21 days
-1.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
32
Consistency
97
Risk-adjusted
87
Drawdown
87
Mean
81
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 100% 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
31 Aug 2026 · 62 holdings · top 10 are 41.7%.
- Top 5
- 24.1%
- Top 10
- 41.7%
- Largest holding
- 5.6%
- Effective holdings
- 34.8
JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC
Materials
5.6%
L&T METRO RAIL (HYDERABAD) LIMITED 7.55 NCD 28AP35 FVRS1LAC
Industrials
5.1%
BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LIMITED SR I 10.81 NCD 31JN28 FVRS1LAC
Consumer Discretionary
4.7%
ADANI POWER LIMITED SR II 8.20 NCD 25JN29 FVRS1LAC
Energy & Utilities
4.6%
Embassy Office Parks REIT
Real Estate
4.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Union Medium Duration Fund
Union Mutual Fund
- 1Y
- +8.0%
- 3Y
- +5.7%
- Vol
- 1.6%
- Max DD
- -2.8%
- Sharpe
- -0.28
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
UTI - Medium Term Fund (Segregated - 17022020)
UTI Mutual Fund
- 1Y
- +339.1%
- 3Y
- n/a
- Vol
- n/a
- Max DD
- -24.2%
- Sharpe
- n/a
- 3Y win
- n/a
- Higher trailing returns
Caveat: Deeper drawdown