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3 star

Kotak Money Market Fund Regular Plan


Debt: Money Market

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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(₹)
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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 0.48 0.01 0.08 0.30 0.78 1.86 5.18 6.92 6.99 7.47 8.05
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Money Market 0.59 0.01 0.07 0.37 0.85 1.82 5.31 6.69 6.89 7.37 7.95
Rank within category 9 3 5 6 9 7 13 7 8 8 7
Number of funds in category 19 19 19 19 19 18 17 13 12 12 12

As on 26-Feb-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 5.18 6.92 6.99 0.32 9,488
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.05 7.15 7.04 0.35 10,530
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.79 7.06 7.06 0.33 10,355
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.06 7.34 7.26 0.33 10,189
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.94 4.55 5.53 0.44 1,874

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 3.86 02-Jun-2009 - 02-Jun-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.78 0.58 3.64 5.89 1.27 3.31
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Money Market 6.64 1.06 2.61 4.91 1.39 3.28
Rank within category 8 2 4 7 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-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 59 64 41 37
Modified Duration (yrs) 0.31 0.52 0.31 --
Average Maturity (yrs) 0.31 0.52 0.31 --
Yield to Maturity (%) 3.84 5.95 3.39 --
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
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 7.44 5.31
equal National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 6.05 5.20
equal 8.36% Madhya Pradesh State 16/03/2021 State Development Loan SOV 0.00 - 6.35 4.24
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.84 4.16
equal 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 3.87 3.87
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 3.96 3.15
equal HDFC 162-D 28/05/2021 Commercial Paper A1+ 0.00 - 3.12 3.12
equal HDFC 166-D 17/05/2021 Commercial Paper A1+ 0.00 - 2.87 2.87
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 2.63 2.63
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.06 2.62
equal Adani Ports and Special Economic Zone 214-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.78 2.62
equal Reliance Retail Ventures 200-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.06 2.62
new Reliance Industries 90-D 22/04/2021 Commercial Paper A1+ 0.00 - 2.61 2.61
equal National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 2.60 2.60
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 2.56 2.56
equal Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.45 2.10
equal Adani Ports and Special Economic Zone 23/03/2021 Commercial Paper A1+ 0.00 - 2.10 2.10
equal National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 2.08 2.08
equal LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.08 2.08
equal Bharti Hexacom 364-D 14/09/2021 Commercial Paper A1+ 0.00 - 2.38 2.05
equal Hero FinCorp 18/11/2021 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Birla Group Holdings 2021 Commercial Paper A1+ 0.00 - 1.58 1.58
down Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 3.66 1.58
equal Can Fin Homes 365-D 23/06/2021 Commercial Paper A1+ 0.00 - 1.80 1.56
equal LIC Housing Fin. 345-D 26/05/2021 Commercial Paper A1+ 0.00 - 1.82 1.56

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-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:


0.01%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 3,453.0048

Dividend Weekly: ₹ 1,024.5482

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Dividend Monthly: ₹ 1,033.6055

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 14-Jul-2003
Return Since Launch: 7.28%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,488 Cr (As on 31-Jan-2021)
Expense: 0.32% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Feb-20210.0815

 25-Feb-20210.1326
 24-Feb-20210.1335
 23-Feb-20210.1151
 22-Feb-20210.3467
 18-Feb-20210.2004
 17-Feb-20210.1421
 16-Feb-20210.1327
 15-Feb-20210.3274
 12-Feb-20210.1354
 11-Feb-20210.0743
 10-Feb-20210.2425
 09-Feb-20210.0937
 08-Feb-20210.3105
 05-Feb-20210.1066
 04-Feb-20210.0658
 03-Feb-20210.0393
 02-Feb-20210.0906
 01-Feb-20210.2798
 29-Jan-20210.1191
 28-Jan-20210.1067
 27-Jan-20210.1061
 25-Jan-20210.2838
 22-Jan-20210.0924
 21-Jan-20210.0924
Dividend Weekly23-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
 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
Dividend Monthly12-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
 12-Dec-20185.2831
 12-Nov-20184.6409

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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