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3 star

Kotak Overnight Fund - Regular Plan


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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(₹)
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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 2.74 0.01 0.06 0.25 0.75 1.46 3.66 -- -- -- --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 -- -- -- --
Debt: Overnight 2.77 0.01 0.06 0.25 0.76 1.49 3.68 -- -- -- --
Rank within category 18 7 18 21 21 24 14 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 3

As on 23-Oct-2020

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 3.66 -- -- 0.20 6,341
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.73 4.90 5.86 0.11 7,024
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.74 -- -- 0.12 5,347
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.72 -- -- 0.19 4,459
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.84 -- -- 0.17 1,797

Best & Worst Performance

Best (Period) Worst (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) 3.65 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 4.93 0.36 -0.41 -0.61 0.43 0.37
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) -- 0.01 0.00 --
Yield to Maturity (%) 3.22 4.96 0.93 --
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-2020

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:


--

Change from previous, NAV as on 25-Oct-2020

Growth: ₹ 1,082.7038

Dividend Weekly: ₹ 1,067.2701

Dividend 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
Exit Load 0

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 15-Jan-2019
Return Since Launch: 4.58%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,341 Cr (As on 30-Sep-2020)
Expense: 0.20% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0812

 22-Oct-20200.0790
 21-Oct-20200.0787
 20-Oct-20200.0789
 19-Oct-20200.0788
 18-Oct-20200.1580
 16-Oct-20200.0786
 15-Oct-20200.0815
 14-Oct-20200.0830
 13-Oct-20200.0828
 12-Oct-20200.0833
 11-Oct-20200.1671
 09-Oct-20200.0830
 08-Oct-20200.0832
 07-Oct-20200.0826
 06-Oct-20200.0829
 05-Oct-20200.0840
 04-Oct-20200.2473
 01-Oct-20200.0827
 30-Sep-20200.0829
 29-Sep-20200.0837
 28-Sep-20200.0844
 27-Sep-20200.1697
 25-Sep-20200.0850
 24-Sep-20200.0835
Dividend Weekly20-Oct-20200.5978

 13-Oct-20200.6183
 06-Oct-20200.6168
 29-Sep-20200.6272
 22-Sep-20200.6220
 15-Sep-20200.6219
 08-Sep-20200.5826
 01-Sep-20200.5870
 25-Aug-20200.5827
 18-Aug-20200.6059
 11-Aug-20200.6024
 04-Aug-20200.6022
 28-Jul-20200.6067
 21-Jul-20200.5982
 14-Jul-20200.6045
 07-Jul-20200.5827
 30-Jun-20200.4871
 23-Jun-20200.5681
 16-Jun-20200.5776
 08-Jun-20200.6087
 01-Jun-20200.5110
 26-May-20200.6127
 18-May-20200.5715
 11-May-20200.6544
 04-May-20200.6583

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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