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2 star

Kotak Overnight Fund - Regular Plan download report


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Kotak Overnight Fund Reg-G 2.30 0.01 0.09 0.40 1.11 1.93 3.57 3.55 -- -- --
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 -- -- --
Debt: Overnight 2.31 0.01 0.09 0.40 1.11 1.94 3.58 3.56 -- -- --
Rank within category 21 8 14 20 21 21 20 12 -- -- --
Number of funds in category 29 31 30 30 30 30 29 22 3 3 3

As on 08-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Overnight Fund - Regular Plan  | Invest Online
2 star
Jan-19 3.57 3.55 -- 0.20 10,769
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.64 3.62 -- 0.10 10,814
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.62 3.60 4.33 0.12 8,681
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.61 3.63 -- 0.14 883
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.63 -- -- 0.21 569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.15 01-Mar-2019 - 10-Mar-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.53 01-Mar-2019 - 02-Apr-2019 0.18 23-Mar-2020 - 22-Apr-2020
Quarter 1.52 16-Jan-2019 - 17-Apr-2019 0.65 23-Mar-2020 - 22-Jun-2020
Year 5.55 18-Jan-2019 - 19-Jan-2020 2.86 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Kotak Overnight Fund Reg-G 3.50 0.24 0.06 0.21 0.25 0.23
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Overnight 3.51 0.23 0.09 0.41 0.25 0.25
Rank within category 12 19 12 13 10 12
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 3 1 2
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 5.04 5.04 3.11 5.04
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 18/08/2022 Treasury Bills SOV 0.00 - 0.93 0.93
new Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 0.84 0.84

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-Jul-2022

Fund Manager

— Deepak Agrawal since 10-Jan-2019

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 09-Aug-2022

Growth: ₹ 1,147.7204

IDCW Daily: ₹ 1,004.7568


Investment Strategy

The Scheme seeks to generate income through investment in debt & money market instruments having maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent).

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 15-Jan-2019
Return Since Launch: 3.94%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,769 Cr (As on 31-Jul-2022)
Expense Ratio: 0.20% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily09-Aug-20220.1369

 08-Aug-20220.1365
 07-Aug-20220.2716
 05-Aug-20220.1320
 04-Aug-20220.1181
 03-Aug-20220.1227
 02-Aug-20220.1210
 01-Aug-20220.1249
 31-Jul-20220.2706
 29-Jul-20220.1312
 28-Jul-20220.1373
 27-Jul-20220.1366
 26-Jul-20220.1365
 25-Jul-20220.1356
 24-Jul-20220.2735
 22-Jul-20220.1367
 21-Jul-20220.1347
 20-Jul-20220.1272
 19-Jul-20220.1265
 18-Jul-20220.1261
 17-Jul-20220.2534
 15-Jul-20220.1268
 14-Jul-20220.1228
 13-Jul-20220.1230
 12-Jul-20220.1253
IDCW Weekly14-Sep-20210.6470

 07-Sep-20210.6020
 31-Aug-20210.5729
 24-Aug-20210.5274
 18-Aug-20210.6816
 10-Aug-20210.5615
 03-Aug-20210.6281
 27-Jul-20210.5673
 20-Jul-20210.6111
 13-Jul-20210.6561
 06-Jul-20210.5949
 29-Jun-20210.6436
 22-Jun-20210.5760
 15-Jun-20210.6151
 08-Jun-20210.6252
 01-Jun-20210.6250
 25-May-20210.6409
 18-May-20210.6308
 11-May-20210.6235
 04-May-20210.6192
 27-Apr-20210.6111
 20-Apr-20210.6142
 14-Apr-20210.5803
 06-Apr-20210.5491
 31-Mar-20210.7147

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Website: https://www.kotakmf.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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