Should I invest in Kotak FMP Series 203?

We don't give personal investment advice. Kotak FMP Series 203 - Direct Plan - Growth Option 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.

Kotak

Kotak FMP Series 203 - Direct Plan - Growth Option

Latest NAV

₹12.3185

As of

7 May 2020

724 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	+0.01%	-2.27%	+2.28	446 / 1079	Q2
1W	+0.07%	-2.66%	+2.73	594 / 945	Q3
2W	+0.13%	-2.62%	+2.74	666 / 930	Q3
1M	+0.28%	-2.43%	+2.71	618 / 924	Q3
3M	+1.06%	-1.42%	+2.48	519 / 916	Q3
6M	+2.58%	-0.05%	+2.64	471 / 876	Q3
YTD	+1.64%	-0.27%	+1.91	543 / 880	Q3
1Y	+7.22%	+3.14%	+4.07	276 / 835	Q2
2Y	+7.65%	+4.08%	+3.57	310 / 807	Q2
3Y	+7.13%	+4.43%	+2.70	591 / 800	Q3
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.13%	+5.01%	+2.12	781 / 1079	Q3

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
2020 YTD	+1.64%	+6.75%	-5.11	450 / 486
2019	+8.77%	+7.15%	+1.62	277 / 524
2018	+6.69%	+5.66%	+1.03	111 / 269
2017	—	—	—	—

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

+7.40%

25 windows

min 4.6% · max 9.8%

100% positive

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

3-Year rolling

+7.13%

1 window

min 7.1% · max 7.1%

100% positive

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

5-Year rolling

—

Insufficient history

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

1.22%

3-year · annualised

Sharpe ratio

0.34

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.76%

Apr 2018 → May 2018

% positive months

94.4%

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	₹12.5263	3 Jun 2026
Nippon India Fixed Maturity Plan - XLIII - Series 1- Direct Plan - Growth Option	Nippon India	₹13.3582	3 Jun 2026
SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days) - Direct Plan - Growth	SBI	₹17.3852	3 Jun 2026
ICICI Prudential Bond Fund - Direct Plan - Growth	ICICI Prudential	₹43.7788	3 Jun 2026
BANDHAN Fixed Term Plan Series 179 DIRECT PLAN-GROWTH (3652 days)	Bandhan	₹17.7320	3 Jun 2026
Aditya Birla Sun Life Fixed Term Plan - Series TI (1837 days) - Direct Plan - Growth Option	Aditya Birla Sun Life	₹13.5023	3 Jun 2026
Franklin India Medium to Long Duration Fund - Direct Growth	Franklin India	₹11.0072	3 Jun 2026
Kotak Bond Fund - Growth - Direct	Kotak	₹88.1692	3 Jun 2026
DSP FMP Series - 264 - 60M - 17D - Direct - Growth	DSP	₹13.2410	3 Jun 2026
HSBC Medium to Long Duration Fund - Direct Growth	HSBC	₹47.7483	3 Jun 2026

Recent NAVs

Date	NAV
7 May 2020	₹12.3185
6 May 2020	₹12.3174
5 May 2020	₹12.3163
4 May 2020	₹12.3151
30 Apr 2020	₹12.3099
29 Apr 2020	₹12.3086
28 Apr 2020	₹12.3073
27 Apr 2020	₹12.3061
24 Apr 2020	₹12.3036
23 Apr 2020	₹12.3028

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 07 May 2020, the NAV of Kotak FMP Series 203 - Direct Plan - Growth Option is ₹12.3185. 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 203 - Direct Plan - Growth Option has NAV history starting from 08 May 2017, a track record of about 9 years. 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 203 - Direct Plan - Growth Option 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 203 - Direct Plan - Growth Option has delivered a absolute return of 7.22% — +4.07 pp ahead of the Medium to Long Duration Fund category average of 3.14%. The fund ranks #276 of 835 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Kotak FMP Series 203 - Direct Plan - Growth Option has delivered a CAGR of 7.13% — +2.7 pp ahead of the Medium to Long Duration Fund category average of 4.43%. The fund ranks #591 of 800 in its category — the third (Q3) quartile.

Kotak FMP Series 203 - Direct Plan - Growth Option doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Kotak FMP Series 203 - Direct Plan - Growth Option exactly 3 years ago would be worth approximately ₹122,959 today — a multiplier of 1.23×, based on the 3-year CAGR of 7.13%. The category average over the same window would have grown ₹1 lakh to ₹113,886.

A ₹10,000 monthly SIP in Kotak FMP Series 203 - Direct Plan - Growth Option over the last 3 years — total invested ₹360,000 — would be worth ₹401,436 today. That's an XIRR (money-weighted annualised return) of 7.20%.

Kotak FMP Series 203 - Direct Plan - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹401,436 — XIRR 7.20%.

On a 3-year basis, Kotak FMP Series 203 - Direct Plan - Growth Option ranks #591 out of 800 funds in the Medium to Long Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 4.43%; this fund delivered 7.13%.

The worst peak-to-trough decline Kotak FMP Series 203 - Direct Plan - Growth Option has experienced over the last 3-year window is 0.76% — its NAV fell from a high on 09 Apr 2018 to a low on 17 May 2018. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Kotak FMP Series 203 - Direct Plan - Growth Option averaged 7.13% (best 7.13%, worst 7.13%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.34 — weak risk-adjusted performance.

In calendar year 2019, Kotak FMP Series 203 - Direct Plan - Growth Option returned 8.77% — beating the Medium to Long Duration Fund category average of 7.15% by 1.62 pp. It ranked #277 of 524 in its category that year.

Kotak FMP Series 203 - Direct Plan - Growth Option 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 203 - Direct Plan - Growth Option 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.

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