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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
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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
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 0.12 0.01 0.04 0.22 0.82 1.88 5.41 7.02 7.07 7.54 8.09
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Money Market 0.13 0.01 0.04 0.22 0.76 1.73 5.35 6.77 6.96 7.44 8.00
Rank within category 14 5 15 12 7 8 12 7 8 8 6
Number of funds in category 20 20 20 20 19 19 18 12 12 12 12

As on 22-Jan-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 5.41 7.02 7.07 0.32 9,853
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 6.35 7.25 7.12 0.35 11,197
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 6.38 7.43 7.34 0.34 9,548
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.02 7.16 7.14 0.33 8,884
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 6.19 4.65 5.61 0.44 1,524

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 1.75 (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) 3.86 (02-Jun-2009 - 02-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.90 0.53 3.99 7.12 1.19 3.30
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Money Market 6.73 1.04 2.76 5.46 1.34 3.28
Rank within category 8 1 2 6 11 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 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 60 64 41 39
Modified Duration (yrs) 0.39 0.52 0.35 0.31
Average Maturity (yrs) 0.39 0.52 0.36 0.30
Yield to Maturity (%) 3.55 5.95 3.39 3.33
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 7.80% GOI 2021 Central Government Loan SOV 0.00 - 7.44 7.44
equal National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 6.05 5.00
equal 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 6.35 4.10
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.84 4.00
new 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 3.75 3.75
down Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 5.62 3.28
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 3.96 3.03
new HDFC 162-D 28/05/2021 Commercial Paper A1+ 0.00 - 3.00 3.00
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 3.61 2.98
new HDFC 166-D 17/05/2021 Commercial Paper A1+ 0.00 - 2.75 2.75
new Axis Bank 21/12/2021 Floating Rate Debenture AAA 0.00 - 2.54 2.54
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.06 2.52
equal Reliance Retail Ventures 200-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.06 2.52
equal Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 3.66 2.52
equal Adani Ports and Special Economic Zone 214-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.78 2.52
new National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 2.50 2.50
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 2.46 2.46
equal Adani Ports and Special Economic Zone 23/03/2021 Commercial Paper A1+ 0.00 - 2.02 2.02
equal Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.45 2.02
new National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 2.00 2.00
equal LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.00 2.00
equal Bharti Hexacom 364-D 14/09/2021 Commercial Paper A1+ 0.00 - 2.38 1.97
equal Hero FinCorp 18/11/2021 Commercial Paper A1+ 0.00 - 1.95 1.95
equal Kotak Mahindra Investments 366-D 27/01/2021 Commercial Paper A1+ 1.35 - 1.97 1.52
equal Birla Group Holdings 2021 Commercial Paper A1+ 0.00 - 1.51 1.51

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-Dec-2020

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
0.03%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 3,441.5935

Dividend Weekly: ₹ 1,024.4500

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Dividend Monthly: ₹ 1,032.6609

Dividend Daily: ₹ 1,021.7718

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: 14-Jul-2003
Return Since Launch: 7.30%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,853 Cr (As on 31-Dec-2020)
Expense: 0.32% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0924

 21-Jan-20210.0924
 20-Jan-20210.0913
 18-Jan-20210.0416
 13-Jan-20210.0614
 08-Jan-20210.0917
 07-Jan-20210.0193
 06-Jan-20210.0567
 05-Jan-20210.1287
 04-Jan-20210.3624
 01-Jan-20210.1324
 31-Dec-20200.1317
 30-Dec-20200.1334
 28-Dec-20200.3870
 24-Dec-20200.0953
 23-Dec-20200.1069
 22-Dec-20200.0499
 21-Dec-20200.2763
 18-Dec-20200.1007
 17-Dec-20200.1074
 16-Dec-20200.0555
 15-Dec-20200.0595
 14-Dec-20200.3056
 11-Dec-20200.1016
 10-Dec-20200.1225
Dividend Weekly19-Jan-20210.1217

 12-Jan-20210.3426
 05-Jan-20210.9539
 29-Dec-20200.6407
 22-Dec-20200.6010
 15-Dec-20200.5463
 08-Dec-20200.5071
 02-Dec-20200.7090
 24-Nov-20200.8221
 18-Nov-20200.8920
 10-Nov-20200.7898
 03-Nov-20200.7948
 27-Oct-20200.7971
 20-Oct-20200.9482
 13-Oct-20201.5583
 06-Oct-20200.9322
 29-Sep-20200.6418
 22-Sep-20200.8841
 15-Sep-20200.6181
 08-Sep-20200.8376
 01-Sep-20200.5848
 25-Aug-20200.8068
 18-Aug-20200.8179
 11-Aug-20200.5525
 04-Aug-20200.7234
Dividend Monthly12-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
 12-Dec-20185.2831
 12-Nov-20184.6409
 12-Oct-20184.5864

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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