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Unrated

Kotak Overnight Fund - Direct 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 maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. 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 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 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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(₹)
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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 1.93 0.01 0.06 0.24 0.74 1.77 4.35 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 -- -- -- --
Debt: Overnight 1.97 0.01 0.06 0.24 0.76 1.81 4.39 -- -- -- --
Rank within category 21 24 17 14 21 22 14 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

As on 13-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-19 4.35 -- -- 0.10 6,183
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.33 5.51 5.89 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.37 5.55 6.02 0.11 13,825
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.34 -- -- 0.10 10,011
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.40 -- -- 0.10 7,621

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 1.53 (16-Jan-2019 - 17-Apr-2019) 0.68 (23-Mar-2020 - 22-Jun-2020)
Year 5.60 (18-Jan-2019 - 19-Jan-2020) 4.37 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.40 0.33 0.38 0.38 0.25 0.41
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-Jun-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 (%) 3.18 6.06 0.93 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

*As on 31-May-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:


0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 1,074.5748

Dividend Daily: ₹ 1,003.6055


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: 4.93%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,183 Cr (As on 30-Jun-2020)
Expense: 0.10% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.1660

 10-Jul-20200.0824
 09-Jul-20200.0833
 08-Jul-20200.0837
 07-Jul-20200.0905
 06-Jul-20200.0838
 05-Jul-20200.1631
 03-Jul-20200.0809
 02-Jul-20200.0772
 01-Jul-20200.0771
 30-Jun-20200.0828
 29-Jun-20200.0785
 28-Jun-20200.1350
 26-Jun-20200.0667
 25-Jun-20200.0561
 24-Jun-20200.0663
 23-Jun-20200.0748
 22-Jun-20200.0816
 21-Jun-20200.1604
 19-Jun-20200.0796
 18-Jun-20200.0758
 17-Jun-20200.0780
 16-Jun-20200.0785
 15-Jun-20200.0784
 14-Jun-20200.1589

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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