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Kotak Money Market Fund Regular Plan

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.76 0.50 1.64 8.26 7.49 7.74 8.07
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 4.67
Debt: Money Market 7.47 0.48 1.58 7.93 7.09 7.52 7.95
Rank within category 7 5 7 5 6 4 6
Number of funds in category 17 19 19 17 13 13 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 0.95 (08-Aug-2013 - 09-Sep-2013) 0.27 (01-Sep-2009 - 01-Oct-2009)
Quarter 2.69 (24-Jul-2013 - 23-Oct-2013) 0.88 (01-Sep-2009 - 01-Dec-2009)
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 7.26 0.37 3.98 13.99 0.98 3.12
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market 6.87 0.70 2.72 7.64 0.98 2.73
Rank within category 6 4 3 3 8 6
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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 56 31 41
Modified Duration (yrs) 0.41 0.52 0.32 0.35
Average Maturity (yrs) 0.41 0.52 0.32 0.35
Yield to Maturity (%) 5.72 8.08 5.68 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 8.97 8.34
new Indusind Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 6.20 6.20
equal National Bank Agr. Rur. Devp 313-D 08/06/2020 Commercial Paper A1+ 0.00 - 5.09 4.73
equal HDFC 364-D 26/08/2020 Commercial Paper A1+ 0.00 - 4.47 4.17
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 4.28 3.98
equal SIDBI 2020 Commercial Paper AAA 0.00 - 4.26 3.96
new SAIL 91-D 07/02/2020 Commercial Paper A1+ 0.00 - 3.81 3.81
down Reserve Bank of India 91-D 09/01/2020 Treasury Bills SOV 0.00 - 5.76 3.57
down Reserve Bank of India 182-D 19/12/2019 Treasury Bills SOV 0.00 - 4.40 3.07
equal HDB Financial Services 365-D 22/07/2020 Commercial Paper A1+ 0.00 - 3.67 2.95
new HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 2.69 2.69
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.63 2.49
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.24 2.24
equal JM Financial Products 365-D 30/01/2020 Commercial Paper A1+ 0.00 - 2.92 2.02
equal Aditya Birla Finance 333-D 07/07/2020 Commercial Paper A1+ 0.00 - 2.12 1.97
new Hero FinCorp 364-D 05/11/2020 Commercial Paper A1+ 0.00 - 1.93 1.93
new Reserve Bank of India 91-D 20/02/2020 Treasury Bills SOV 0.00 - 1.84 1.84
equal Reserve Bank of India 91-D 02/01/2020 Treasury Bills SOV 0.00 - 1.98 1.84
new LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 1.76 1.76
equal Tata Capital Housing Finance 364-D 07/08/2020 Commercial Paper A1+ 0.00 - 1.85 1.72
equal Andhra Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.51
equal HDFC 352-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.36 1.27
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 1.36 1.26
down National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.44 1.26
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 1.36 1.26

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-Nov-2019

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 13-Dec-2019

Growth: ₹ 3,244.3520

Dividend Weekly: ₹ 1,012.6310

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Dividend Monthly: ₹ 1,009.4569

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 (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 14-Jul-2003
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,758 Cr (As on 30-Nov-2019)
Expense: 0.25% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.0754

 12-Dec-20190.1156
 11-Dec-20190.1511
 10-Dec-20190.1406
 09-Dec-20190.1458
 04-Dec-20190.1182
 03-Dec-20190.1080
 02-Dec-20190.3828
 29-Nov-20190.2359
 28-Nov-20190.1390
 27-Nov-20190.1141
 26-Nov-20190.0662
 25-Nov-20190.4132
 22-Nov-20190.1643
 21-Nov-20190.1810
 20-Nov-20190.1737
 19-Nov-20190.1366
 18-Nov-20190.4014
 15-Nov-20190.1919
 14-Nov-20190.1569
 13-Nov-20190.2871
 11-Nov-20190.3925
 08-Nov-20190.0871
 07-Nov-20190.0573
 05-Nov-20190.0783
Dividend Monthly12-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
 12-Sep-20183.9520
 13-Aug-20184.6980
 12-Jul-20184.4930
 12-Jun-20184.0492
 14-May-20184.1577
 12-Apr-20184.8588
 12-Mar-20183.7862
 12-Feb-20184.0283
 12-Jan-20183.9422
Dividend Weekly10-Dec-20190.3723

 03-Dec-20190.9388
 26-Nov-20191.0698
 19-Nov-20191.0392
 13-Nov-20190.6157
 05-Nov-20191.0279
 30-Oct-20190.9348
 23-Oct-20191.2846
 15-Oct-20190.9807
 09-Oct-20191.5016
 01-Oct-20191.1351
 24-Sep-20190.0925
 17-Sep-20191.0274
 11-Sep-20190.8240
 04-Sep-20191.4121
 27-Aug-20191.0118
 20-Aug-20190.7309
 14-Aug-20191.5763
 06-Aug-20191.5633
 30-Jul-20190.8942
 23-Jul-20191.3490
 16-Jul-20191.4969
 09-Jul-20191.4901
 02-Jul-20190.8109
 25-Jun-20190.9580

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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