Kotak Floating Rate Fund
Floater Fund · Kotak Mahindra Asset Management Company Limited.
Among the 100 similar floater funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.4 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.3 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹97,970. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Kotak Floating Rate Fund is a floater fund from Kotak Mahindra Asset Management Company Limited.. It has a track record of about 7.3 years. As of the latest data it carries an RS rating of 64/99 (its recent momentum versus category peers) and a King Score of 79/100 (a long-term quality composite). The current NAV is ₹1667.28 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Kotak Floating Rate Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.08% | 0.08% |
| 3 months | 1.42% | 1.61% |
| 6 months | 2.9% | 3.19% |
| 1 year | 6.14% | 6.45% |
| 3 years (CAGR) | 7.73% | 7.66% |
| 5 years (CAGR) | 6.69% | 6.79% |
The last 5 years return is 6.69% a year (₹1 lakh → ₹1.4 lakh), and the last 3 years return is 7.73% - ahead of its category's 7.66% average by 0.1 points. Its trailing one-year return is 6.14%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Kotak Floating Rate Fu | Benchmark |
|---|---|---|
| 2020 | +11.6% | n/a |
| 2021 | +4.6% | n/a |
| 2022 | +3.9% | n/a |
| 2023 | +7.7% | n/a |
| 2024 | +8.6% | n/a |
| 2025 | +8.6% | n/a |
| 2026 | +4.0% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Kotak Floating Rate Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹413,290 | 7.32% |
| 5 years | ₹610,000 | ₹734,521 | 7.36% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹734,521 - an XIRR of 7.36%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -2.03% | -1.33% |
| Worst drawdown (3Y) | -0.4% | -0.48% |
| Volatility (1Y) | 1.31% | 1.41% |
| Sharpe (3Y) | 1.44 | 1.2 |
| Bull-market return | 7.6% | 7.47% |
| Bear-market return | 9.7% | 8.88% |
Timing matters more than people admit: the best possible 1-year stretch in Kotak Floating Rate Fund (starting 2020-01-09) gained 12.0%, while the worst (starting 2021-06-14) still made 2.6%. The worst peak-to-bottom fall Kotak Floating Rate Fund has ever put investors through is -2.03% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 9.7% annualised, versus 7.6% in rising markets.
How Kotak Floating Rate Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Kotak Floating Rate Fund has historically returned about 9.7% annualised, versus roughly 7.6% when the market is rising. Its deepest fall on record is -2.03%. Right now it sits about 0.05% below its all-time high (last hit 2026-09-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How Kotak Floating Rate Fund ranks in its category
Percentile versus its ~100 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 6.58% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 5.22% |
| Median 5Y rolling CAGR | 6.97% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Kotak Floating Rate Fund returned a median of 6.58% a year, and 100.0% of those windows were positive.
Who manages Kotak Floating Rate Fund - and how good are they?
Kotak Floating Rate Fund is managed by Deepak Agrawal and Manu Sharma. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Deepak Agrawal's full record
Deepak Agrawal currently runs 9 funds, across Banking and PSU Fund, Credit Risk Fund, Dynamic Bond, Floater Fund and more, with about ₹103,539 Cr under management. The book's average King Score is 83.9/100. Their strongest fund by King Score is Kotak Dynamic Bond Fund (92/100); Kotak Floating Rate Fund ranks #7 of 9 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kotak Dynamic Bond Fund | 96 | 92 | 2.2% | 4.0% | 6.7% | 7.8% | 6.6% | 7.8% | 0.49 | 9.0% | -3.2% |
| 2 | Kotak Low Duration Fund | 92 | 89 | 1.7% | 3.3% | 6.5% | 7.5% | 6.7% | 7.3% | 1.6 | 7.8% | -1.5% |
| 3 | Kotak Banking and PSU Debt | 75 | 89 | 1.0% | 2.6% | 5.7% | 7.3% | 6.4% | 7.4% | 0.63 | 8.1% | -2.8% |
| 4 | Kotak Liquid Fund | 94 | 84 | 1.7% | 3.5% | 6.6% | 7.0% | 6.3% | 6.1% | 1.26 | 6.8% | -0.3% |
| 5 | Kotak Money Market Fund - () | 93 | 84 | 1.9% | 3.5% | 6.7% | 7.4% | 6.7% | 6.7% | 1.57 | 7.4% | -0.8% |
| 6 | Kotak Overnight Fund | 92 | 84 | 1.3% | 2.6% | 5.3% | 6.1% | 5.7% | n/a | -1.62 | 5.2% | 0.0% |
| 7 | Kotak Floating Rate Fund (this page) | 64 | 79 | 1.4% | 2.9% | 6.1% | 7.7% | 6.7% | n/a | 1.44 | 6.6% | -2.0% |
| 8 | Kotak Savings Fund | 82 | 78 | 1.8% | 3.4% | 6.7% | 7.2% | 6.6% | 6.7% | 1.31 | 7.4% | -0.9% |
| 9 | Kotak Credit Risk Fund | 78 | 76 | 2.2% | 3.8% | 7.6% | 8.6% | 6.7% | 7.4% | 1.22 | 8.2% | -3.9% |
Manu Sharma's full record
Manu Sharma currently runs 5 funds, across Floater Fund, Index Funds, Money Market Fund, Ultra Short Term Fund, with about ₹46,499 Cr under management. The book's average King Score is 80.3/100. Their strongest fund by King Score is Kotak Money Market Fund - () (84/100); Kotak Floating Rate Fund ranks #2 of 5 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kotak Money Market Fund - () | 93 | 84 | 1.9% | 3.5% | 6.7% | 7.4% | 6.7% | 6.7% | 1.57 | 7.4% | -0.8% |
| 2 | Kotak Floating Rate Fund (this page) | 64 | 79 | 1.4% | 2.9% | 6.1% | 7.7% | 6.7% | n/a | 1.44 | 6.6% | -2.0% |
| 3 | Kotak Savings Fund | 82 | 78 | 1.8% | 3.4% | 6.7% | 7.2% | 6.6% | 6.7% | 1.31 | 7.4% | -0.9% |
| 4 | Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | 89 | n/a | 1.9% | 3.8% | 6.9% | n/a | n/a | n/a | 0.82 | n/a | -0.1% |
| 5 | Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | n/a | n/a | 2.0% | 3.5% | n/a | n/a | n/a | n/a | n/a | n/a | -0.2% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.25% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹2,651 Cr |
| Age | 7.3 years |
| Plan / Option | Direct · Growth |
How Kotak Floating Rate Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| DSP Floater Fund | 50 | 87 | 7.7% |
| Bandhan Floater Fund | 95 | 86 | 7.8% |
| Franklin India Floating Rate Fund | 91 | 86 | 8.1% |
| Tata Floating Rate Fund | 73 | 83 | 7.5% |
| ICICI Prudential Floating Interest Fund | 84 | 82 | 7.8% |
| HDFC Floating Rate Debt Fund | 67 | 81 | 7.5% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Kotak Floating Rate Fund review: the bottom line
Related
Frequently asked questions
Is Kotak Floating Rate Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Kotak Floating Rate Fund scores 79/100 on our King Score and RS 64/99 within its category, has compounded 7.73% a year over three years, and its worst drawdown was -2.03%. Compare those against your needs and the peer table above.
What is the NAV of Kotak Floating Rate Fund today?
The latest NAV is ₹1667.28 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Kotak Floating Rate Fund?
The Direct-plan expense ratio is 0.25% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Kotak Floating Rate Fund?
Kotak Floating Rate Fund is managed by Deepak Agrawal; Manu Sharma.
Is Kotak Floating Rate Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -2.03% - ₹1 lakh briefly becoming about ₹97,970. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Kotak Floating Rate Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.3 lakh (XIRR 7.36%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Kotak Floating Rate Fund?
A ₹10,000/month SIP over 5 years would have grown to about ₹734,521 (an XIRR of 7.36%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Kotak Floating Rate Fund rank among similar funds?
On 3-year returns it sits around the 92th percentile of its category, and its consistency ranks 74th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Kotak Floating Rate Fund tax-efficient / what about capital gains?
As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Kotak Floating Rate Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.