Kotak Medium Term Regular Growth

Debt

India Debt Medium Duration

Medium Term

Others

Aggressive growth Investor Profile

Investor Profile

1–3 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Kotak Medium Term Growth invests in medium-term bonds, providing steady returns with moderate risk.

What This Strategy Does

Kotak M/T Reg Gr is an India Fund Medium Duration equity fund which captures India's ₹10 trillion fixed-income opportunity through a research-driven approach, deploying capital across corporate bonds, government securities, and structured credits to achieve benchmark-aligned compounding.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated strong and relatively consistent outperformance versus peers over extended periods, driven by a disciplined approach that balances attractive carry with prudent duration management.

Structured Process

The strategy follows a structured, research-driven process that combines bottom-up credit selection with top-down macro inputs, supported by Kotak's established fixed-income platform and team-based investment culture.

Balanced Positioning

The portfolio is strategically positioned to deliver attractive carry while maintaining a disciplined approach to risk, thoughtfully diversified across corporate bonds, government securities, and select spread products.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

1.4% AnnuallyAlpha

+6.5% vs +9.9% benchmarkSince Inception

+8.0% vs +6.3% benchmark3Y Annualized

+6.4% vs +6.5% benchmark5Y Annualized

Kotak Medium Term Regular Growth

Benchmark Index

Benchmark Performance Comparison

Kotak Medium Term Fund

FD Returns

Risk Profile

Standard Deviation2.0%

Maximum Drawdown-1.0% | Mar 2026

Sharpe Ratio-0.34

Beta1.09

Upside Capture108%

Detailed Risks

Market Risk

Potential recession in India could dampen credit demand, impacting fund's duration positioning.

Liquidity Risk

Concentrated mid-cap exposure could face liquidity stress during volatility spikes.

Concentration Risk

Significant mid-cap tilt exposes fund to idiosyncratic risks in concentrated holdings.

Specific Strategy Risk

Regulatory changes to duration limits could constrain portfolio construction flexibility.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides exposure to India's medium-term fixed income opportunities through a disciplined, research-driven approach. The fund combines bottom-up credit selection with top-down macro inputs to construct a portfolio of high-quality corporate bonds, government securities, and select spread products.

Broader Market View

Market Outlook

With equity markets appearing to normalize after a valuation reset, the present environment seems conducive for participation as consumption patterns revive and corporate earnings regain traction. Exposure to sectors geared towards domestic demand, such as consumer cyclicals and financials, could benefit from improving credit growth and capex revival, although competitive pressures and margin risks persist.

Why This Strategy is Attractive Now

This strategy's balanced positioning across around 70 holdings, with meaningful exposure to market leaders in consumer, financial services and technology sectors, appears well-aligned with the current environment. The moderate beta and diversification could offer a risk-adjusted opportunity to capitalize on the normalization phase, while the flexibility to maneuver could enable the strategy to navigate evolving dynamics.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can offer attractive risk-adjusted returns by focusing on companies with resilient business models and pricing power.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from a broad universe of companies across market capitalizations, with a preference for those demonstrating sustainable competitive advantages, strong profitability, and healthy balance sheets. Selection: The selection process suggests an emphasis on companies with durable growth drivers, attractive returns on invested capital, and reasonable valuations relative to their long-term earnings potential. Construction: Portfolio construction is consistent with a focus on diversification across sectors and individual holdings, while maintaining a bias towards quality growth characteristics.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods12.85%

Energy & Infra71.13%

Financial Services16.02%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Jtpm Metal TRaders LimitedUtilities5.73%

L&T Metro Rail (Hyderabad) LimitedUtilities5.31%

Bamboo Hotel And Global Centre (Delhi) Private LimitedUtilities4.94%

Adani Power LimitedUtilities4.87%

Embassy Office Parks REITEnergy & Infra4.11%

TATA Steel LimitedUtilities4.04%

Pipeline Infrastructure LimitedUtilities3.45%

Aditya Birla Renewables LimitedUtilities3.28%

Aditya Birla Real Estate LimitedUtilities2.98%

Vedanta LimitedUtilities2.75%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Deepak Agrawal

Mr. Deepak Agrawal has experience of 24 years. Manages 175 funds at Kotak Mahindra Asset Management Co Ltd with an AUM of approximately ₹33,900 Cr Holds a PGDM degree.

40 years

Combined Team Experience

₹ 33,900 Cr

Assets Under Management

CW Expert Take

Kotak brings banking-grade risk assessment to fund management. Their strength is in identifying mispriced opportunities while maintaining portfolio quality. The equity teams focus on sustainable business models, while their debt strategies emphasize credit selection and liquidity management—reflecting the parent group's risk culture.

Firm Overview

Total AUM₹5,80,249.31 Cr

Investment Philosophy & Approach

Disciplined Approach

The fund follows a structured, research-driven investment process combining bottom-up credit selection with top-down macro inputs.

Risk Management

Strong emphasis on governance, cash flow visibility, refinancing ability, and covenant protection in credit evaluation.

Balanced Positioning

Portfolio strategically positioned to deliver attractive carry while maintaining a disciplined approach to risk.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.63%

Regulatory & Tax Information

INF174K01VL6

ISIN

DailyDealing Frequency

CRISIL Medium Term Debt TR INRBenchmark

Capital Gain Tax | Taxed as per Income Tax Slab

Tax Implications (India)