HealthyDirect · GrowthFit for a long SIP
Kotak Ultra Short to Short Term Fund
Kotak Mahindra Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund11.7 years
- NAV
- 3,947.8504
- 29 Oct 2026
- 1Y
- +5.7%
- Trailing CAGR
- AUM
- ₹12,565.95 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 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
11.7 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.41% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.5%. 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
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 ≈ 31.2% 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+5.7%
- 3Y+7.3%
- 5Y+6.7%
- 10Y+7.2%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.6%
- 3Y+6.8%
- 5Y+7.1%
- 10Y+7.0%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 89
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.4%
- 2114 daily-ending windows
- Median rolling 3Y
- +7.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1632 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.5%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +19%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 192 recovered episodes
- Longest recovery
- 56 days
- Trough to prior peak
6 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.5%
23 Apr 2020 – 11 May 2020
Trough 29 Apr 2020 · recovered in 12 days
-0.8%
2 May 2022 – 1 Jul 2022
Trough 6 May 2022 · recovered in 56 days
-0.6%
3 Jun 2019 – 3 Jul 2019
Trough 4 Jun 2019 · recovered in 29 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
90
Vs category
50
Consistency
99
Risk-adjusted
100
Drawdown
96
Mean
87
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
30 Sept 2026 · 104 holdings · top 10 are 31.2%.
- Top 5
- 18.2%
- Top 10
- 31.2%
- Largest holding
- 3.9%
- Effective holdings
- 54.7
STATE DEVELOPMENT LOAN 36993 KAR 28JL31 7.15 FV RS 100
Unspecified
3.9%
PUNJAB NATIONAL BANK CD 04MAR27
Financial
3.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC
Financial
3.8%
JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC
Materials
3.4%
BAJAJ HOUSING FINANCE LIMITED 7.66 NCD 20MR28 FVRS1LAC
Financial
3.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.52
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Bandhan Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.0%
- Vol
- 0.7%
- Max DD
- -1.2%
- Sharpe
- 2.18
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Canara Robeco Ultra Short to Short Term Fund
Canara Robeco Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.1%
- Vol
- 0.7%
- Max DD
- -1.4%
- Sharpe
- 1.90
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Edelweiss Ultra Short to Short Term Fund
Edelweiss Mutual Fund
- 1Y
- +5.9%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.2%
- Sharpe
- 1.30
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Franklin India Ultra Short to Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.0%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.1%
- Sharpe
- 2.03
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns