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3 star

Kotak Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.75 0.03 0.18 0.67 2.07 3.54 7.38 7.60 7.59 8.06 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Money Market 3.78 0.02 0.16 0.64 2.15 3.60 7.43 7.45 7.64 8.11 --
Rank within category 14 4 11 13 14 14 12 9 11 11 --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 0

As on 09-Jul-2020

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
3 star
Jan-13 7.38 7.60 7.59 0.17 7,970
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.98 7.79 8.11 0.22 13,222
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.24 8.03 7.86 0.18 8,422
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.42 7.90 7.75 0.15 8,422
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.68 7.80 7.69 0.15 4,218

Best & Worst Performance

Best (Period) Worst (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) 6.45 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.33 0.41 4.99 14.82 0.83 3.05
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market 7.18 0.78 3.49 9.29 0.68 2.71
Rank within category 9 2 1 2 12 7
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 44 56 41 31
Modified Duration (yrs) 0.37 0.52 0.34 --
Average Maturity (yrs) 0.37 0.52 0.34 --
Yield to Maturity (%) 4.26 7.24 4.26 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.12% GOI 2020 Central Government Loan SOV 0.00 - 10.09 9.39
new Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 6.18 6.18
equal LIC Housing Fin. 363-D 09/02/2021 Commercial Paper A1+ 0.00 - 6.57 6.11
new National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 6.04 6.04
new Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 5.55 5.55
up Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 4.33 4.33
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 3.96 3.67
new Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 3.66 3.66
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 3.13 3.06
new Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.04 3.04
new 6.82% Punjab State 14/12/2020 State Development Loan SOV 0.00 - 2.94 2.94
new 7.88% Karnataka State 20/11/2020 State Development Loan SOV 0.00 - 2.55 2.55
equal Aditya Birla Finance 333-D 07/07/2020 Commercial Paper A1+ 0.00 - 2.73 2.51
new 8.04% Chhattisgarh State 17/10/2020 State Development Loan SOV 0.00 - 2.49 2.49
new Tata Steel 89-D 31/08/2020 Commercial Paper A1+ 0.00 - 2.49 2.49
equal Hero FinCorp 364-D 05/11/2020 Commercial Paper A1+ 0.00 - 2.67 2.47
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.45 2.45
equal Tata Capital Housing Finance 364-D 07/08/2020 Commercial Paper A1+ 0.00 - 2.38 2.19
equal 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 1.95 1.94
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 5.20 1.94
down Axis Bank 23/09/2020 Certificate of Deposit A1+ 0.00 - 4.74 1.87
equal Kotak Mahindra Investments 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 1.97 1.83
new Can Fin Homes 365-D 23/06/2021 Commercial Paper A1+ 0.00 - 1.80 1.80
equal Punjab National Bank 2021 Certificate of Deposit A1+ 0.00 - 1.53 1.53
equal Punjab National Bank 2020 Certificate of Deposit A1+ 0.00 - 1.43 1.31

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 30-Jun-2020

*As on 31-May-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:


0.03%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 3,386.3255

Dividend Weekly: ₹ 1,022.4930

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Dividend Monthly: ₹ 1,014.9956

Dividend Daily: ₹ 1,020.5812


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: 8.12%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,970 Cr (As on 30-Jun-2020)
Expense: 0.17% (As on 31-May-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.2055

 08-Jul-20200.1777
 07-Jul-20200.1909
 06-Jul-20200.4824
 03-Jul-20200.3589
 02-Jul-20200.2841
 01-Jul-20200.3167
 30-Jun-20200.1883
 29-Jun-20200.1013
 26-Jun-20200.3280
 25-Jun-20200.2230
 24-Jun-20200.1945
 23-Jun-20200.2865
 22-Jun-20200.2737
 19-Jun-20200.1753
 18-Jun-20200.5923
 17-Jun-20200.1898
 16-Jun-20200.4228
 15-Jun-20200.5912
 12-Jun-20200.2408
 11-Jun-20200.3578
 10-Jun-20200.1482
 09-Jun-20200.1811
 08-Jun-20200.3793
 05-Jun-20200.0384
Dividend Weekly07-Jul-20201.7540

 30-Jun-20201.1359
 23-Jun-20201.7398
 16-Jun-20201.5223
 09-Jun-20200.5862
 02-Jun-20200.6223
 27-May-20202.4542
 19-May-20202.7542
 12-May-20201.7689
 05-May-20200.5796
 28-Apr-20202.2997
 21-Apr-20202.2202
 15-Apr-20200.1254
 08-Apr-20202.3783
 31-Mar-20201.8930
 11-Mar-20201.3820
 03-Mar-20200.6523
 25-Feb-20200.6258
 18-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
Dividend Monthly12-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
 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

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: http://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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