Kotak Ultra Short to Short Term Fund

Regular plan – Growth

Other options

The page shows the Growth option. The Regular plan’s other options have their own codes.

Option	AMFI code	ISIN
Growth (this page)	133805	INF178L01202
IDCW	133809	INF178L01228, INF178L01210
IDCW	154359	INF174KA1A11, INF174KA1ZZ6
IDCW	154360	INF174KA1ZX1, INF174KA1ZV5

Ultra Short to Short Term Fund Kotak Mahindra Mutual Fund

Open-ended. Launched on 6 Mar 2008.

NAVNAV Net asset value: the value of one unit of the scheme, which the fund house works out at the end of each business day.: Data delayed
AssetsAssets The market value of everything the scheme holds, less what it owes, as the fund house discloses it at each month-end.: ₹12,566 cr; 30 Sep 2026
SIP fromSIP Systematic investment plan: a fixed sum put into the scheme at regular intervals, usually every month.: ₹100; a month
BenchmarkBenchmark The market index the fund house names in the SID as the measure the scheme is compared against.: NIFTY Low Duration Debt Index A-I; as the SID names it
Riskometer: Low to Moderate; read by Felix on 28 Oct 2026

Read SID/KIM on AMC site

The SID and KIM are the final reference for every fact on this page.

Find a mutual fund distributor

Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission

The fund house also offers a Direct plan of this scheme, whose expenses are lower to the extent of the distribution commission.

Assets: the fund house’s month-end disclosure of 30 Sep 2026. Minimums: fund house documents, as read by Felix on 28 Oct 2026. Benchmark: the SID.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

1 change in the last 12 months: SEBI renamed its category from Low Duration Fund to Ultra Short to Short Term Fund, 26 Feb 2026. See what changed

What it is

SEBI’s rule for an Ultra Short to Short Term Fund: debt and money market instruments, with a portfolio Macaulay duration of 6 to 12 months. Source: SEBI

What the SID allows it to holdSID Scheme information document: the scheme’s offer document, which sets out its objective, asset allocation, risks and expenses.

Debtallowed 0% to 100%

Money marketallowed 0% to 100%

Source: the SID’s asset allocation, from fund house disclosures.

Potential risk class (PRC)

PRC Potential risk class: the most interest-rate risk and credit risk a debt scheme may take, on SEBI’s three-by-three grid, as its SID states it.as the SID states it

The most risk the scheme may take: interest-rate risk in rows, credit risk in columns. This scheme: B-III.
Interest-rate risk	Credit risk relatively low (A)	Moderate (B)	Relatively high (C)
Relatively low (I)
Moderate (II)
Relatively high (III)		B-III

Riskometer

The risk of the scheme is Low to Moderate

As read by Felix on 28 Oct 2026. Fund houses review this level every month, and the fund house’s latest disclosure prevails: Riskometer disclosures, Kotak Mahindra Mutual Fund

Low
Low to Moderate
Moderate
Moderately High
High
Very High

Benchmark: NIFTY Low Duration Debt Index A-I. Its riskometer is published monthly by the fund house: Riskometer disclosures, Kotak Mahindra Mutual Fund

Source: fund houses’ disclosures.

Who runs it

Deepak Agrawalsince 31 Jan 2015
Fund manager
11 years 8 months
Also manages Kotak Banking and PSU Debt Fund, Kotak Corporate Bond Fund, Kotak Credit Risk Fund, Kotak Dynamic Term Fund, Kotak Floating Interest Rates Fund, Kotak Liquid Fund, Kotak Medium Term Fund, Kotak Money Market Fund, Kotak Overnight Fund, Kotak Short Term Fund, Kotak Ultra Short Term Fund
Dharmesh Thakarsince 24 Oct 2025
Fund manager
1 year
Also manages Kotak Banking and PSU Debt Fund

Bars on one scale, from the scheme’s launch. Other schemes A to Z. Source: fund house disclosures, as of 28 Oct 2026.

Codes and identity

from the SID and AMFI

Fund house: Kotak Mahindra Mutual Fund
SEBI category: Ultra Short to Short Term Fund
Plan and option: Regular plan – Growth
Structure: Open-ended
Launched: 6 Mar 2008
AMFI code, Growth: 133805
ISIN, Growth: INF178L01202
Registrar: CAMS
Fund house website: kotakmf.com ↗

Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund runs 99 schemes in their Regular plan: 27 equity, 15 debt, 6 hybrid, 37 index funds and ETFs, 14 other.

19 fund managers, in their current schemes for 3 years 7 months on average.

15 schemes launched in the last 12 months.

Source: fund houses’ disclosures, as of 28 Oct 2026.

Buying and selling

SIP from: ₹100, as the KIM states it
Entry load: Nil, since 1 Aug 2009
Stamp duty: 0.005% of the amount invested, since 1 Jul 2020
Applicable NAV: That business day’s, when the application and the money reach the fund house by the 3 pm cut-off; after it, the next business day’s
Redemption money: Within 3 working days of the redemption request

Sources: the scheme’s KIM for the minimums; SEBI for the entry load, cut-off and redemption timeline; Ministry of Finance for stamp duty.

The category: Ultra Short to Short Term Fund

All 25 schemes

25 schemes in their Regular plan, from 25 fund houses.

Schemes 11 to 20 of 25, A to Z; this scheme is marked.Schemes 14 to 18 of 25, A to Z; this scheme is marked.

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
HSBC Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	847	1,000	2010
ICICI Prudential Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	18,781	100	2002
Invesco India Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	1,714	100	2007
JioBlackRock Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	686	Not reported	2026
JM Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	236	100	2006
Kotak Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	12,566	100	2008
LIC MF Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,900	200	2003
Mahindra Manulife Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	497	500	2017
Mirae Asset Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,290	99	2008
Nippon India Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	7,096	100	2007

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
JioBlackRock Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	686	Not reported	2026
JM Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	236	100	2006
Kotak Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	12,566	100	2008
LIC MF Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,900	200	2003
Mahindra Manulife Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	497	500	2017

Show all 25 schemes

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
Aditya Birla Sun Life Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	9,185	100	1998
Axis Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	4,563	100	2009
Bajaj Finserv Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	582	Not reported	2026
Bandhan Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	6,342	100	2006
Baroda BNP Paribas Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	330	500	2005
Canara Robeco Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,113	1,000	2005
DSP Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	4,455	100	2015
Edelweiss Ultra Short to Short term Fund	CRISIL Low Duration Debt A-I Index	454	100	2025
Franklin India Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	338	500	2025
HDFC Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	16,513	100	1999
HSBC Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	847	1,000	2010
ICICI Prudential Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	18,781	100	2002
Invesco India Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	1,714	100	2007
JioBlackRock Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	686	Not reported	2026
JM Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	236	100	2006
Kotak Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	12,566	100	2008
LIC MF Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,900	200	2003
Mahindra Manulife Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	497	500	2017
Mirae Asset Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,290	99	2008
Nippon India Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	7,096	100	2007
SBI Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	10,942	500	2007
Sundaram Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	381	1,000	2004
Tata Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	2,727	500	2005
Union Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	228	Not reported	2025
UTI Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,604	500	2003

Regular plan – Growth for every scheme. Source: fund houses’ disclosures; assets at month-end 30 Sep 2026; SIP minimums as read by Felix on 28 Oct 2026; benchmarks as each SID names them.

What changed

26 Feb 2026SEBI renamed its category from Low Duration Fund to Ultra Short to Short Term Fund
24 Oct 2025Dharmesh Thakar became a fund manager
31 Jan 2015Deepak Agrawal became a fund manager
6 Mar 2008Launched
4 Mar 2008NFO closed
29 Feb 2008NFO opened

Source: fund house disclosures and SEBI.

Documents

KIM Key information memorandum: the short summary of the SID that comes with every application form.

Kotak Mahindra Mutual Fund publishes the scheme’s documents on its website:

Scheme information document (SID)
Key information memorandum (KIM)
Monthly factsheet
Monthly portfolio disclosure

Read SID/KIM on AMC site

Felix links to the fund house’s own copies and never copies them.

Questions about this fund

Who manages it, and since when?

Deepak Agrawal, since 31 Jan 2015 (Fund manager); Dharmesh Thakar, since 24 Oct 2025 (Fund manager). Source: Kotak Mahindra Mutual Fund’s disclosures.

What is the minimum SIP?

₹100 a month, as of 28 Oct 2026, from the fund house’s documents.

What is its benchmark?

NIFTY Low Duration Debt Index A-I, as the SID names it. Felix shows the benchmark by name only.

When was it launched, and what was it called before?

It was launched on 6 Mar 2008.

How do I invest in it?

Read the SID and KIM on Kotak Mahindra Mutual Fund’s website first. A mutual fund distributor can place your application in this scheme’s Regular plan. Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission.

What does “Regular plan – Growth” mean?

The Regular plan is the one bought through a distributor; its expenses include the distributor’s commission. In the Growth option, gains stay in the NAV and nothing is paid out.

Where are its documents?

On Kotak Mahindra Mutual Fund’s website: the scheme information document (SID), the key information memorandum (KIM) and the monthly factsheet.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Data on this page

Block	Source	For
Assets	Fund houses’ disclosures, at month-end	30 Sep 2026
Minimums	Fund house documents, as read by Felix	28 Oct 2026
Riskometer	Fund houses’ disclosures, as read by Felix	28 Oct 2026
Asset allocation	The SID, from fund house disclosures	28 Oct 2026
Fund managers	Fund house disclosures	28 Oct 2026

Something wrong or out of date? Report an error

When you are ready, invest with a person.

Read SID/KIM on AMC site

The SID and KIM are the final reference for every fact on this page.

Find a mutual fund distributor

Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission