If you compare Kotak Mutual Funds with Fixed deposit, In most of the cases Fixed Deposit's interest rates are greater than Kotak Mutual Funds.
When, I was a beginner I started investing with Kotak but it wasn't satisfying in most of the cases. I earned only 1.874% return in 16 months. So, I decided to shut this account as soon as possible and Invest in Fixed Deposits until I found a good plateform for investment.