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3 star

Kotak Money Market Fund Regular Plan

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Debt: Money Market

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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.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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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 2.11 0.01 0.08 0.38 0.93 1.95 3.87 6.44 6.63 7.15 7.83
CCIL T Bill Liquidity Weight 1.13 -0.01 0.04 0.19 0.55 1.05 2.12 3.49 3.73 4.17 4.59
Debt: Money Market 2.00 0.01 0.07 0.35 0.87 1.83 3.63 6.21 6.49 7.05 7.74
Rank within category 10 15 10 6 9 10 8 7 8 8 8
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 27-Jul-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 Regular Plan  | Invest Online
3 star
 Jul-03 3.87 6.44 6.63 0.33 9,730
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 3.98 6.72 6.71 0.35 13,854
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 4.12 6.84 6.91 0.32 13,622
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 3.92 6.56 6.70 0.33 11,430
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 4.21 4.09 5.23 0.43 3,864

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 1.75 24-Mar-2020 - 23-Apr-2020 -0.39 25-Feb-2020 - 26-Mar-2020
Quarter 2.97 24-Mar-2020 - 24-Jun-2020 0.49 24-Dec-2019 - 24-Mar-2020
Year 9.95 29-Sep-2011 - 30-Sep-2012 3.82 13-Jul-2020 - 13-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.33 0.65 3.27 5.92 1.40 3.17
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Money Market 6.30 1.12 2.50 5.45 1.45 3.17
Rank within category 8 1 4 7 11 8
Number of funds in category 14 14 14 14 14 14

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

As on 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 64 53 40
Modified Duration (yrs) 0.41 0.49 0.29 0.40
Average Maturity (yrs) 0.41 0.49 0.29 0.42
Yield to Maturity (%) 3.98 3.98 3.39 3.80
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 25.08 25.08
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 5.16 5.16
equal Tata Power Company 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 5.10 5.10
new Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 4.79 4.79
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 2.59 2.54
new Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 2.53 2.53
equal LIC Housing Fin. 333-D 18/02/2022 Commercial Paper A1+ 0.00 - 2.56 2.50
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 2.48 2.48
new Tata Motors 358-D 31/05/2022 Commercial Paper A1+ 0.00 - 2.47 2.47
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.63 2.11
equal Reliance Industries 177-D 12/08/2021 Commercial Paper A1+ 0.00 - 2.09 2.05
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.04 2.04
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 2.09 2.04
equal Bharti Hexacom 364-D 14/09/2021 Commercial Paper A1+ 0.00 - 2.38 2.04
equal HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Hero FinCorp 18/11/2021 Commercial Paper A1+ 0.00 - 2.06 2.02
equal Bajaj Housing Finance 365-D 22/02/2022 Commercial Paper A1+ 0.00 - 2.04 2.00
equal HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.00 2.00
equal Indusind Bank 30/09/2021 Certificate of Deposit A1+ 0.00 - 1.82 1.78
up HDFC 21/10/2021 Commercial Paper A1+ 0.00 - 1.78 1.78
equal Muthoot Finance 181-D 20/09/2021 Commercial Paper A1+ 0.00 - 1.56 1.53
new Piramal Enterprises 182-D 24/12/2021 Commercial Paper A1+ 0.00 - 1.49 1.49
new Piramal Enterprises 175-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.49 1.49
equal Bahadur Chand Investments 364-D 09/07/2021 Commercial Paper A1+ 1.10 - 1.47 1.28
equal Cholamandalam Investment & Finance Company 266-D 28/01/2022 Commercial Paper A1+ 0.00 - 1.25 1.25

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-2021

Fund Manager

— Deepak Agrawal since 01-Nov-2006

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:

Invest Online
0.01%

Change from previous, NAV as on 27-Jul-2021

Growth: ₹ 3,508.9998

IDCW Weekly: ₹ 1,030.3666

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IDCW Monthly: ₹ 1,045.6051

IDCW Daily: ₹ 1,035.2298

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: 14-Jul-2003
Return Since Launch: 7.20%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,730 Cr (As on 30-Jun-2021)
Expense: 0.33% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly27-Jul-20210.8458

 20-Jul-20210.8961
 13-Jul-20210.9063
 06-Jul-20210.9316
 29-Jun-20210.6529
 22-Jun-20210.5424
 15-Jun-20210.7178
 08-Jun-20210.7323
 01-Jun-20210.6362
 25-May-20210.7270
 18-May-20210.6652
 11-May-20210.4677
 04-May-20210.1851
 16-Mar-20210.5400
 09-Mar-20210.6082
 02-Mar-20210.6782
 23-Feb-20210.6286
 16-Feb-20210.8755
 09-Feb-20210.6144
 02-Feb-20210.6130
 27-Jan-20210.5612
 19-Jan-20210.1217
 12-Jan-20210.3426
 05-Jan-20210.9539
 29-Dec-20200.6407
IDCW Monthly14-Jun-20211.7332

 12-Mar-20212.9764
 12-Feb-20212.4758
 12-Jan-20212.5638
 14-Dec-20201.0249
 13-Jul-20206.6014
 12-Jun-20203.8947
 12-May-20203.5733
 13-Apr-20205.0570
 12-Mar-20202.9858
 12-Feb-20203.5574
 13-Jan-20203.6634
 12-Dec-20193.5370
 13-Nov-20194.1484
 15-Oct-20194.3070
 14-Oct-20194.3070
 12-Sep-20194.4048
 13-Aug-20194.4276
 12-Jul-20194.2389
 12-Jun-20193.4770
 13-May-20194.1021
 12-Apr-20195.8588
 12-Mar-20194.3298
 12-Feb-20194.6959
 14-Jan-20194.5618
IDCW Daily12-May-20210.0899

 11-May-20210.0971
 10-May-20210.1648
 07-May-20210.0980
 06-May-20210.0722
 05-May-20210.0944
 04-May-20210.0367
 03-May-20210.2916
 12-Apr-20210.2783
 09-Apr-20210.0430
 07-Apr-20210.0621
 06-Apr-20210.1161
 05-Apr-20210.4811
 15-Mar-20210.1920
 12-Mar-20210.0270
 09-Mar-20210.0750
 08-Mar-20210.2521
 05-Mar-20210.1096
 04-Mar-20210.0800
 03-Mar-20210.0718
 02-Mar-20210.0931
 01-Mar-20210.2485
 26-Feb-20210.0815
 25-Feb-20210.1326
 24-Feb-20210.1335

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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