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3 star

Kotak Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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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(₹)
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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 2.44 0.01 0.07 0.25 0.75 1.52 2.99 -- -- -- --
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 -- -- -- --
Debt: Overnight 2.46 0.01 0.06 0.25 0.76 1.54 3.02 -- -- -- --
Rank within category 25 21 8 24 24 25 23 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 22-Oct-2021

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
3 star
Jan-19 2.99 -- -- 0.20% 9,240
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.12% 9,944
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.05 4.23 4.79 0.12% 7,068
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13% 2,078
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.05 -- -- 0.16% 984

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
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.10 0.37 0.37 1.97 0.64 0.54
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.33 3.38 2.88 3.32
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-2021

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 22-Oct-2021

Growth: ₹ 1,114.8275

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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
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: 15-Jan-2019
Return Since Launch: 4.00%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,240 Cr (As on 30-Sep-2021)
Expense: 0.20% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily22-Oct-20210.0866

 21-Oct-20210.0863
 20-Oct-20210.0857
 19-Oct-20210.0843
 18-Oct-20210.0847
 17-Oct-20210.2475
 14-Oct-20210.0825
 13-Oct-20210.0778
 12-Oct-20210.0787
 11-Oct-20210.0798
 10-Oct-20210.1594
 08-Oct-20210.0799
 07-Oct-20210.0792
 06-Oct-20210.0802
 05-Oct-20210.0817
 04-Oct-20210.0833
 03-Oct-20210.1679
 01-Oct-20210.0840
 30-Sep-20210.0860
 29-Sep-20210.0875
 28-Sep-20210.0844
 27-Sep-20210.0837
 26-Sep-20210.1708
 24-Sep-20210.0849
 23-Sep-20210.0850
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: 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: 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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