Kotak Money Market Fund - Direct Plan - Growth
Debt
Direct
Money Market
NAV: ₹ 3879.2 as on 31-05-2023
Fund Performance
59 people have invested ₹ 1.4Cr in Kotak Money Market Fund - Direct Plan - Growth in the last three months
Fund Insights
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 6.92% return, outperforming Kotak Money Market Fund - Direct Plan - Growth by 0.25%
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 5.2% return, outperforming Kotak Money Market Fund - Direct Plan - Growth by 0.3% per annum
In the last 5 years, Aditya Birla Sun Life Money Manager Fund Direct Plan Growth has given 6.43% return, outperforming Kotak Money Market Fund - Direct Plan - Growth by 0.32% per annum
Over the last 6 months, Kotak Money Market Fund - Direct Plan - Growth has increased expense ratio by 4.0% moving from 0.25 to 0.26
Kotak Money Market Fund - Direct Plan - Growth expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.34%
Over the last 3 months, Kotak Money Market Fund - Direct Plan - Growth has experienced a 14.1% growth in AUM moving from 14.30K Cr to 16.32K Cr
About the Fund
Kotak Money Market Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manu Sharma, Deepak Agrawal, Vihag Mishra. This fund is suitable to keep your money safe.
Key parameters
1) Kotak Money Market Fund - Direct Plan - Growth has a NAV of ₹3879.1614 as on 31-05-2023.
2) Kotak Money Market Fund - Direct Plan - Growth has ₹16326 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.
3) The fund has an expense ratio 0.26 %.
Kotak Money Market Fund - Direct Plan - Growth Overview
 | 0.26% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹16326 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 335.99% |
Fund Distribution as on (30-Apr-23)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
38.2%
Government
34.1%
Corporate
27.7%
Top Holdings of Kotak Money Market Fund - Direct Plan - Growth as on (30-Apr-23)
Debt Holdings86
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Canara Bank | 5.21% | -75% | |
182 DTB 09032023 | 5.16% | -2.6% | |
Axis Bank Limited | 4.62% | -48.1% | |
182 DTB 22062023 | 4.44% | 0% | |
182 DTB 01062023 | 3.43% | 0% |
See all
Kotak Money Market Fund - Direct Plan - Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Money Market Index returns stands at 0.41% as on Apr'23
- This fund outperformed Money Market Index by 0.08% in Apr'23
AUM Change
- AUM of the fund stands at 15.7K Cr as of Apr'23
- AUM increased by 923.1 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
Kotak Money Market Fund - Direct Plan - Growth Fund Manager
Manu Sharma
Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 1 November 2022
Top funds managed
Deepak Agrawal
Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 11 July 2007
Top funds managed
Vihag Mishra
Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 30 April 2022
Top funds managed
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.2% since inception which is more than its category average return of 4.9%
AUM size ₹16326 Cr
This fund has AUM of ₹16326 Cr which is more than its category average of ₹ 5044 Cr
Expense Ratio 0.26%
This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of Kotak Money Market Fund - Direct Plan - Growth is ₹3879.16 as on 31-May-2023.
Existing (Absolute + CAGR) as on 31-May-2023.
Kotak Money Market Fund - Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.66% | 0.66% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 6.67% | 6.67% |
3 Years Returns | 15.43% | 4.9% |
5 Years Returns | 34.5% | 6.11% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.26% as on May 2023
₹16326 Cr as on May 2023
Canara Bank(5.21%), 182 DTB 09032023(5.16%), Axis Bank Limited(4.62%), 182 DTB 22062023(4.44%), 182 DTB 01062023(3.43%) as on May 2023
Cash Equivalent(36.33%), Government(34.19%), Corporate(29.48%) as on May 2023
Yield to Maturity is 7.46 as on May 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.6 as on May 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Manu Sharma, Deepak Agrawal, Vihag Mishra are the fund managers of Kotak Money Market Fund - Direct Plan - Growth
The Exit load of Kotak Money Market Fund - Direct Plan - Growth is 0%