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Kotak Money Market Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.92 0.05 0.09 0.51 1.48 3.32 7.72 7.49 7.68 8.13 --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 --
Debt: Money Market 0.91 0.06 0.10 0.52 1.47 3.37 7.65 7.29 7.68 8.15 --
Rank within category 12 15 18 15 10 8 9 8 8 9 --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.35 (26-Mar-2019 - 02-Apr-2019) -0.09 (09-Jul-2013 - 16-Jul-2013)
Month 0.96 (08-Aug-2013 - 09-Sep-2013) 0.39 (02-Dec-2019 - 01-Jan-2020)
Quarter 2.70 (24-Jul-2013 - 23-Oct-2013) 1.43 (04-Nov-2019 - 03-Feb-2020)
Year 9.88 (26-Jul-2013 - 27-Jul-2014) 6.72 (02-Feb-2017 - 02-Feb-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.26 0.39 4.05 11.84 1.02 3.23
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 7.05 0.70 3.24 7.87 0.99 2.98
Rank within category 7 4 4 4 8 8
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 56 41 41
Modified Duration (yrs) 0.37 0.52 0.34 0.34
Average Maturity (yrs) 0.37 0.52 0.34 0.33
Yield to Maturity (%) 5.77 7.93 5.68 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 19/03/2020 Treasury Bills SOV 0.00 - 9.05 8.07
up Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.63 5.88
new 7.80% GOI 2020 Central Government Loan SOV 0.00 - 5.63 5.63
equal Indusind Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 6.28 5.61
new Tata Steel 70-D 17/03/2020 Commercial Paper A1+ 0.00 - 4.96 4.96
up National Bank Agr. Rur. Devp 313-D 08/06/2020 Commercial Paper A1+ 0.00 - 5.21 4.89
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 4.38 3.91
equal SIDBI 2020 Commercial Paper AAA 0.00 - 4.36 3.90
down Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 4.39 3.68
equal HDFC 364-D 26/08/2020 Commercial Paper A1+ 0.00 - 4.47 3.62
down HDB Financial Services 365-D 22/07/2020 Commercial Paper A1+ 0.00 - 4.34 3.39
new Axis Bank 23/09/2020 Certificate of Deposit A1+ 0.00 - 3.37 3.37
equal HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 3.07 2.74
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.46 2.20
new National Bank Agr. Rur. Devp 151-D 22/06/2020 Commercial Paper A1+ 0.00 - 1.95 1.95
equal Aditya Birla Finance 333-D 07/07/2020 Commercial Paper A1+ 0.00 - 2.17 1.94
equal Hero FinCorp 364-D 05/11/2020 Commercial Paper A1+ 0.00 - 2.12 1.90
new Sundaram Finance 327-D 21/12/2020 Commercial Paper A1+ 0.00 - 1.89 1.89
equal Reserve Bank of India 91-D 20/02/2020 Treasury Bills SOV 0.00 - 2.02 1.80
equal LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 1.94 1.73
equal Tata Capital Housing Finance 364-D 07/08/2020 Commercial Paper A1+ 0.00 - 1.89 1.69
new Kotak Mahindra Investments 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 1.40 1.40
up Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 1.29 1.29
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 1.29 1.29
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 1.39 1.24

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-Jan-2020

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:


0.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 3,294.0193

Dividend Weekly: ₹ 1,022.4871

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Dividend Monthly: ₹ 1,010.6303

Dividend Daily: ₹ 1,011.6200


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
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.14%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,017 Cr (As on 31-Jan-2020)
Expense: 0.17% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.3993

 20-Feb-20200.1244
 18-Feb-20200.0958
 17-Feb-20200.3230
 14-Feb-20200.1051
 13-Feb-20200.1559
 12-Feb-20200.1506
 11-Feb-20200.1911
 10-Feb-20200.3606
 07-Feb-20200.2017
 06-Feb-20200.2972
 05-Feb-20200.1068
 04-Feb-20200.1546
 03-Feb-20200.3172
 31-Jan-20200.1006
 30-Jan-20200.0851
 29-Jan-20200.0981
 28-Jan-20200.1159
 27-Jan-20200.3186
 24-Jan-20200.1084
 23-Jan-20200.1612
 22-Jan-20200.1324
 21-Jan-20200.1043
 20-Jan-20200.3141
 17-Jan-20200.1401
Dividend Weekly18-Feb-20200.9356

 11-Feb-20201.1328
 04-Feb-20200.7242
 28-Jan-20200.8334
 21-Jan-20200.6144
 14-Jan-20201.0185
 07-Jan-20200.9613
 31-Dec-20190.7098
 24-Dec-20190.7170
 17-Dec-20190.7708
 10-Dec-20190.3888
 03-Dec-20190.9608
 26-Nov-20191.0930
 19-Nov-20191.0611
 13-Nov-20190.6344
 05-Nov-20191.0489
 30-Oct-20190.9568
 23-Oct-20191.3122
 15-Oct-20191.0030
 09-Oct-20191.5240
 01-Oct-20191.1533
 24-Sep-20190.1007
 17-Sep-20191.0446
 11-Sep-20190.8381
 04-Sep-20191.4340
Dividend Monthly12-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
 12-Feb-20194.7513
 14-Jan-20194.6209
 12-Dec-20185.3432
 12-Nov-20184.6991
 12-Oct-20184.6439
 12-Sep-20184.0191
 13-Aug-20184.7549
 12-Jul-20184.5468
 12-Jun-20184.0996
 14-May-20184.2110
 12-Apr-20184.9155
 12-Mar-20183.8344

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: www.kotakmutual.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

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