Should I invest in Kotak FMP Series 108 Direct Growth?

We don't give personal investment advice. Kotak FMP Series 108 Direct Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.2%. 5-year CAGR: 8.90%.

Kotak

Kotak FMP Series 108 Direct Growth

Latest NAV

₹15.2861

As of

13 Aug 2018

1,205 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.00%	-2.27%	+2.27	814 / 1079	Q4
1W	+0.12%	-2.67%	+2.79	191 / 945	Q1
2W	+0.23%	-2.63%	+2.86	268 / 930	Q2
1M	+0.56%	-2.40%	+2.96	200 / 924	Q1
3M	+1.74%	-1.35%	+3.10	215 / 916	Q1
6M	+3.73%	+0.02%	+3.71	164 / 876	Q1
YTD	+4.48%	-0.17%	+4.65	123 / 880	Q1
1Y	+6.94%	+3.22%	+3.72	322 / 835	Q2
2Y	+7.63%	+4.01%	+3.62	319 / 807	Q2
3Y	+8.14%	+4.45%	+3.69	273 / 800	Q2
4Y	+8.28%	+7.85%	+0.43	43 / 166	Q2
5Y	+8.90%	+7.41%	+1.49	14 / 81	Q1
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+8.85%	+5.01%	+3.84	128 / 1079	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2018 YTD	+4.48%	+5.66%	-1.18	197 / 269
2017	+7.18%	+6.29%	+0.89	87 / 279
2016	+9.44%	+8.41%	+1.04	65 / 241
2015	+8.12%	+7.38%	+0.75	144 / 184
2014	+10.34%	+12.06%	-1.72	29 / 76
2013	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+8.69%

49 windows

min 6.9% · max 11.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+8.71%

25 windows

min 8.0% · max 9.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+8.90%

1 window

min 8.9% · max 8.9%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.75%

3-year · annualised

Sharpe ratio

1.82

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.32%

Dec 2016 → Dec 2016

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Medium to Long Duration Fund

Scheme	Fund house	NAV	As of
HDFC FMP 1269D March 2023 - Growth Option - Direct Plan	HDFC	₹12.6069	17 Jul 2026
Nippon India Fixed Maturity Plan XLI - Series 8 - Direct Plan - Growth Option	Nippon India	₹17.7273	17 Jul 2026
SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days) - Direct Plan - Growth	SBI	₹17.7027	17 Jul 2026
ICICI Prudential Bond Fund - Direct Plan - Growth	ICICI Prudential	₹44.8881	17 Jul 2026
BANDHAN Fixed Term Plan Series 179 DIRECT PLAN-GROWTH (3652 days)	Bandhan	₹18.0849	17 Jul 2026
Aditya Birla Sun Life Fixed Term Plan - Series TJ (1838 days) - Direct Plan - Growth Option	Aditya Birla Sun Life	₹13.6165	17 Jul 2026
Franklin India Medium to Long Duration Fund - Direct Growth	Franklin India	₹11.2815	17 Jul 2026
Kotak Bond Fund - Growth - Direct	Kotak	₹90.6522	17 Jul 2026
DSP FMP Series - 264 - 60M - 17D - Direct - Growth	DSP	₹13.3392	17 Jul 2026
HSBC Medium to Long Duration Fund - Direct Growth	HSBC	₹48.8567	17 Jul 2026

Recent NAVs

Date	NAV
13 Aug 2018	₹15.2861
10 Aug 2018	₹15.2782
9 Aug 2018	₹15.2757
8 Aug 2018	₹15.2729
7 Aug 2018	₹15.2702
6 Aug 2018	₹15.2675
3 Aug 2018	₹15.2606
2 Aug 2018	₹15.2585
1 Aug 2018	₹15.2557
31 Jul 2018	₹15.2531

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 13 Aug 2018, the NAV of Kotak FMP Series 108 Direct Growth is ₹15.2861. It's a Medium to Long Duration Fund from Kotak, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Kotak FMP Series 108 Direct Growth has NAV history starting from 13 Aug 2013, a track record of about 12 years 11 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Kotak FMP Series 108 Direct Growth is managed by Kotak. It's classified by AMFI under the 'Medium to Long Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Kotak FMP Series 108 Direct Growth has delivered a absolute return of 6.94% — +3.72 pp ahead of the Medium to Long Duration Fund category average of 3.22%. The fund ranks #322 of 835 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Kotak FMP Series 108 Direct Growth has delivered a CAGR of 8.14% — +3.69 pp ahead of the Medium to Long Duration Fund category average of 4.45%. The fund ranks #273 of 800 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Kotak FMP Series 108 Direct Growth has delivered a CAGR of 8.90% — +1.49 pp ahead of the Medium to Long Duration Fund category average of 7.41%. The fund ranks #14 of 81 in its category — the top (Q1) quartile.

₹1 lakh invested in Kotak FMP Series 108 Direct Growth exactly 5 years ago would be worth approximately ₹153,155 today — a multiplier of 1.53×, based on the 5-year CAGR of 8.90%. The category average over the same window would have grown ₹1 lakh to ₹142,953.

A ₹10,000 monthly SIP in Kotak FMP Series 108 Direct Growth over the last 5 years — total invested ₹600,000 — would be worth ₹737,403 today. That's an XIRR (money-weighted annualised return) of 8.17%.

Kotak FMP Series 108 Direct Growth doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹737,403 — XIRR 8.17%.

On a 5-year basis, Kotak FMP Series 108 Direct Growth ranks #14 out of 81 funds in the Medium to Long Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 7.41%; this fund delivered 8.90%.

The worst peak-to-trough decline Kotak FMP Series 108 Direct Growth has experienced over the last 5-year window is 1.16% — its NAV fell from a high on 13 Aug 2013 to a low on 19 Aug 2013. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Kotak FMP Series 108 Direct Growth averaged 8.90% (best 8.90%, worst 8.90%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 2.19 — strong risk-adjusted performance.

In calendar year 2017, Kotak FMP Series 108 Direct Growth returned 7.18% — beating the Medium to Long Duration Fund category average of 6.29% by 0.89 pp. It ranked #87 of 279 in its category that year.

Kotak FMP Series 108 Direct Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Kotak FMP Series 108 Direct Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.2%. 5-year CAGR: 8.90%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Kotak FMP Series 108 Direct Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Medium to Long Duration Fund

Recent NAVs

Frequently asked questions

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