ReviewPlan n/a · Option n/aPrefer peers first
Kotak Treasury Advantage
Kotak Mahindra Mutual FundDebt Scheme - Ultra Short Duration Fund18 years
- NAV
- 10.0798
- 17 Sept 2021
- 1Y
- 0.0%
- Trailing CAGR
- AUM
- ₹106.78 Cr
- 30 Jun 2021
- Volatility
- Low
- 0.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 17 Sept 2021
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Prefer peers if · Prefer Tata Ultra Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
18.0 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
n/a
TER not on file yet.
Drawdown vs peers
Pass
Peak-to-trough -0.9%. Ask whether you can hold through a similar fall.
Vs category
Fail
14% 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
n/a
Holdings weights not on file for this scheme yet.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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
- 1Y0.0%
- 3Y0.0%
- 5Y0.0%
- 10Y0.0%
- SI+0.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.0%
- 3Y+0.0%
- 5Y+0.0%
- 10Y+0.0%
- Since inception
- +0.0%
- Calendar-day CAGR
- Excess 1Y
- -5.8%
- Category median, same plan and option
- 3Y win rate
- +14%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +0.0%
- Simulated monthly SIP
- Worst rolling 3Y
- -0.3%
- 2390 daily-ending windows
- Median rolling 3Y
- 0.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +3%
- 1908 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.9%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 1668 days
- Days below latest peak
- Time below peak
- +37%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 20 recovered episodes
- Longest recovery
- 40 days
- Trough to prior peak
22 Feb 2017 – open
Trough 24 Mar 2020 · not recovered
-0.9%
15 Jul 2013 – 2 Sept 2013
Trough 24 Jul 2013 · recovered in 40 days
-0.8%
7 Feb 2017 – 13 Feb 2017
Trough 8 Feb 2017 · recovered in 5 days
-0.1%
6 Dec 2016 – 13 Dec 2016
Trough 7 Dec 2016 · recovered in 6 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
14
Consistency
12
Risk-adjusted
0
Drawdown
98
Mean
25
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2021
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Tata Ultra Short Term Fund
Tata Mutual Fund
- 1Y
- +6.8%
- 3Y
- +7.4%
- Vol
- 0.5%
- Max DD
- -0.7%
- Sharpe
- 1.23
- 3Y win
- +66%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Franklin India Ultra Short Bond Fund (no. of segregated portfolio-1)
Franklin Templeton Mutual Fund
- 1Y
- +13.7%
- 3Y
- +8.7%
- Vol
- 1.6%
- Max DD
- -4.4%
- Sharpe
- 1.77
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
HDFC Ultra Short Term Fund
HDFC Mutual Fund
- 1Y
- +6.1%
- 3Y
- +7.1%
- Vol
- 0.6%
- Max DD
- -1.0%
- Sharpe
- 1.27
- 3Y win
- +39%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
ICICI Prudential Ultra Short term Fund
ICICI Prudential Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 1.7%
- Max DD
- -7.5%
- Sharpe
- 1.17
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
JM Ultra Short Duration Fund
JM Financial Mutual Fund
- 1Y
- +5.8%
- 3Y
- +0.8%
- Vol
- 3.0%
- Max DD
- -6.0%
- Sharpe
- -1.85
- 3Y win
- +19%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown