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
Dividends
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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 (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) |
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
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 |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Power Finance Corp. 360-D 06/03/2020 | Commercial Paper | A1+ | 0.00 - 8.97 | 8.34 |
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Indusind Bank 26/06/2020 | Certificate of Deposit | A1+ | 0.00 - 6.20 | 6.20 |
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National Bank Agr. Rur. Devp 313-D 08/06/2020 | Commercial Paper | A1+ | 0.00 - 5.09 | 4.73 |
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HDFC 364-D 26/08/2020 | Commercial Paper | A1+ | 0.00 - 4.47 | 4.17 |
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SIDBI 24/06/2020 | Certificate of Deposit | A1+ | 0.00 - 4.28 | 3.98 |
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SIDBI 2020 | Commercial Paper | AAA | 0.00 - 4.26 | 3.96 |
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SAIL 91-D 07/02/2020 | Commercial Paper | A1+ | 0.00 - 3.81 | 3.81 |
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Reserve Bank of India 91-D 09/01/2020 | Treasury Bills | SOV | 0.00 - 5.76 | 3.57 |
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Reserve Bank of India 182-D 19/12/2019 | Treasury Bills | SOV | 0.00 - 4.40 | 3.07 |
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HDB Financial Services 365-D 22/07/2020 | Commercial Paper | A1+ | 0.00 - 3.67 | 2.95 |
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HDFC 364-D 09/09/2020 | Commercial Paper | A1+ | 0.00 - 2.69 | 2.69 |
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Bank of Baroda 2020 | Certificate of Deposit | A1+ | 0.00 - 6.63 | 2.49 |
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Indusind Bank 2020 | Certificate of Deposit | A1+ | 0.00 - 2.24 | 2.24 |
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JM Financial Products 365-D 30/01/2020 | Commercial Paper | A1+ | 0.00 - 2.92 | 2.02 |
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Aditya Birla Finance 333-D 07/07/2020 | Commercial Paper | A1+ | 0.00 - 2.12 | 1.97 |
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Hero FinCorp 364-D 05/11/2020 | Commercial Paper | A1+ | 0.00 - 1.93 | 1.93 |
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Reserve Bank of India 91-D 20/02/2020 | Treasury Bills | SOV | 0.00 - 1.84 | 1.84 |
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Reserve Bank of India 91-D 02/01/2020 | Treasury Bills | SOV | 0.00 - 1.98 | 1.84 |
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LIC Housing Fin. 329-D 11/09/2020 | Commercial Paper | A1+ | 0.00 - 1.76 | 1.76 |
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Tata Capital Housing Finance 364-D 07/08/2020 | Commercial Paper | A1+ | 0.00 - 1.85 | 1.72 |
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Andhra Bank 27/03/2020 | Certificate of Deposit | A1+ | 0.00 - 1.84 | 1.51 |
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HDFC 352-D 28/02/2020 | Commercial Paper | A1+ | 0.00 - 1.36 | 1.27 |
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Axis Bank 2020 | Certificate of Deposit | A1+ | 0.00 - 1.36 | 1.26 |
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National Bank Agr. Rur. Devp 310-D 13/03/2020 | Commercial Paper | A1+ | 0.00 - 2.44 | 1.26 |
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Cholamandalam Invest. & Fin. 351-D 13/03/2020 | Commercial Paper | A1+ | 0.00 - 1.36 | 1.26 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
— 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:
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The Scheme seeks to generate returns by investing in money market instruments having maturity upto 1 year.
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 |
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: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Daily | 13-Dec-2019 | 0.0754 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 12-Dec-2019 | 3.5370 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 10-Dec-2019 | 0.3723 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fund News - 01-May-2018
Fund News - 29-Nov-2016
Introduction of Additional SIP Date under all schemes of Kotak Mutual Fund
Fund News - 13-Aug-2015
Change in Fund Managers Under Various Schemes of Kotak Mahindra Mutual Fund
Fund News - 07-Aug-2015
Introduction of Trigger Facility In Various Schemes of Kotak Mahindra Mutual Fund
Fund News - 19-Jun-2015
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