VR Logo

2 star

Kotak Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.42 0.03 0.07 0.35 0.88 1.89 3.71 6.02 6.45 6.95 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 3.99 --
Debt: Money Market 3.43 0.03 0.07 0.35 0.87 1.88 3.71 6.16 6.46 7.05 --
Rank within category 13 5 13 14 11 12 12 11 9 10 --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 0

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Money Market Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.71 6.02 6.45 0.26% 11,454
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.86 6.44 6.67 0.21% 15,828
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.90 6.45 6.79 0.21% 14,819
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.78 6.20 6.58 0.21% 13,305
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.06 6.49 5.13 0.25% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.09 24-Mar-2020 - 31-Mar-2020 -0.74 17-Mar-2020 - 24-Mar-2020
Month 1.76 24-Mar-2020 - 23-Apr-2020 -0.39 25-Feb-2020 - 26-Mar-2020
Quarter 3.00 24-Mar-2020 - 24-Jun-2020 0.51 24-Dec-2019 - 24-Mar-2020
Year 9.88 26-Jul-2013 - 27-Jul-2014 3.71 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.99 0.68 3.12 7.75 1.44 3.01
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market 6.29 0.93 2.80 7.34 1.60 3.40
Rank within category 12 1 6 6 10 12
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 70 70 53 45
Modified Duration (yrs) 0.30 0.41 0.29 --
Average Maturity (yrs) 0.30 0.41 0.29 --
Yield to Maturity (%) 4.12 4.12 3.39 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 25.08 6.67
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 5.81 5.66
equal Export-Import Bank 212-D 17/03/2022 Certificate of Deposit A1+ 0.00 - 5.16 5.16
equal Reserve Bank of India 91-D 04/11/2021 Treasury Bills SOV 0.00 - 4.36 4.36
new Reserve Bank of India 91-D 13/01/2022 Treasury Bills SOV 0.00 - 4.33 4.33
new Reliance Jio Infocomm 240-D 17/06/2022 Commercial Paper A1+ 0.00 - 3.40 3.40
down National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 3.89 3.03
new Reserve Bank of India 364-D 02/12/2021 Treasury Bills SOV 0.00 - 2.61 2.61
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 2.61 2.57
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 2.56 2.56
new Sikka Ports and Terminals 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 2.55 2.55
equal Reliance Industries 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 2.39 2.39
equal LIC Housing Fin. 181-D 24/01/2022 Commercial Paper A1+ 0.00 - 2.19 2.16
equal LIC Housing Fin. 333-D 18/02/2022 Commercial Paper A1+ 0.00 - 2.56 2.16
equal Tata Motors 358-D 31/05/2022 Commercial Paper A1+ 0.00 - 2.47 2.13
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.63 1.79
equal Nxtra Data 91-D 03/12/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
equal Tata Steel 120-D 04/01/2022 Commercial Paper A1+ 0.00 - 1.73 1.73
equal Bajaj Housing Finance 365-D 22/02/2022 Commercial Paper A1+ 0.00 - 2.04 1.72
equal Fullerton India Credit 343-D 24/06/2022 Commercial Paper A1+ 0.00 - 1.71 1.69
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 1.69 1.69
equal TMF Holdings 364-D 12/08/2022 Commercial Paper A1+ 0.00 - 1.68 1.68
equal Edelweiss Finance & Investment 84-D 16/11/2021 Commercial Paper A1+ 0.00 - 1.31 1.31
equal Piramal Enterprises 175-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.49 1.30
equal Piramal Enterprises 182-D 24/12/2021 Commercial Paper A1+ 0.00 - 1.49 1.30

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Deepak Agrawal since 01-Jan-2013

Education: Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.

Experience: He has been associated with Kotak AMC since 2000.

Funds Managed:


0.03%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 3,570.3336

IDCW Monthly: ₹ 1,039.7251


Investment Strategy

The Scheme seeks to generate returns by investing in money market instruments having maturity upto 1 year.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.45%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,454 Cr (As on 31-Oct-2021)
Expense: 0.26% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly12-Nov-20212.9627

 12-Oct-20212.5581
 14-Dec-20203.1390
 12-Nov-20203.7464
 12-Oct-20204.0214
 14-Sep-20203.4188
 12-Aug-20202.8343
 13-Jul-20206.6564
 12-Jun-20206.5492
 12-May-20207.5244
 13-Apr-20205.2097
 12-Mar-20203.1253
 12-Feb-20203.6111
 13-Jan-20203.7334
 12-Dec-20193.5888
 13-Nov-20194.2034
 15-Oct-20194.3457
 14-Oct-20194.3457
 12-Sep-20194.4338
 13-Aug-20195.9065
 12-Jul-20194.9720
 12-Jun-20195.5287
 13-May-20194.1544
 12-Apr-20195.9222
 12-Mar-20194.3820
IDCW Weekly13-Sep-20210.6756

 07-Sep-20210.7770
 31-Aug-20210.7826
 24-Aug-20210.7672
 18-Aug-20211.0271
 10-Aug-20210.6621
 03-Aug-20210.7359
 27-Jul-20210.8534
 20-Jul-20210.9031
 13-Jul-20210.9132
 06-Jul-20210.9389
 29-Jun-20210.6619
 22-Jun-20210.5523
 15-Jun-20210.7263
 08-Jun-20210.7407
 01-Jun-20210.6454
 25-May-20210.7364
 18-May-20210.6740
 11-May-20210.4782
 04-May-20210.7980
 27-Apr-20210.9814
 20-Apr-20210.7556
 15-Apr-20210.5959
 06-Apr-20210.7059
 31-Mar-20211.4486
IDCW Daily11-Sep-20200.0747

 10-Sep-20200.0676
 09-Sep-20200.0991
 08-Sep-20200.0617
 07-Sep-20200.2486
 04-Sep-20200.1516
 03-Sep-20200.0991
 02-Sep-20200.0635
 01-Sep-20200.2858
 31-Aug-20200.3106
 28-Aug-20200.0803
 27-Aug-20200.1042
 26-Aug-20200.1019
 24-Aug-20200.2154
 21-Aug-20200.0583
 20-Aug-20200.2388
 19-Aug-20200.1736
 18-Aug-20200.1334
 17-Aug-20200.3144
 14-Aug-20200.1617
 13-Aug-20200.0809
 12-Aug-20200.1350
 11-Aug-20200.1468
 10-Aug-20200.1912
 06-Aug-20200.1455

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: https://www.kotakmf.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot