Kotak Money Market Fund Direct Growth

Kotak Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 02-12-2024

₹ 4332.27

0.1%

1D

Inception Returns

7.2%

/yr

About Kotak Money Market Fund Direct Growth

Kotak Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.

Key Parameters

  1. Kotak Money Market Fund Direct Growth has ₹30467 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Kotak Money Market Fund Direct Growth has given a CAGR return of 7.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.87%, 6.65% and 5.90% respectively.

Holdings

Kotak Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Corporate, Government, Tech. Its top holdings are Indian Bank, Axis Bank Limited, Bank Of Baroda, HDFC Bank Limited, Punjab National Bank

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Kotak Money Market Fund Direct Growth

The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year.There is no assurance that the investment objective of the Scheme will be realised.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Money Market Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
71 people have invested ₹ 56.5L in Kotak Money Market Fund Direct Growth in the last three months

Kotak Money Market Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹30467 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
211.8%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (02-Dec-24)

Period
Kotak Money Market Fund Direct Growth
Money Market Index
1M
0.6%
0.5%
3M
1.9%
1.5%
6M
3.8%
3.1%
1Y
7.9%
6.8%
3Y
6.6%
6%
5Y
5.9%
5.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
57.3%
Cash Equivalent
31.8%
Government
10.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 29.5K Cr
₹ 26K Cr
₹ 28.2K Cr
  • AUM of the fund stands at 29.5K Cr as of Oct'24
  • AUM increased by 3.5K Cr between Oct'24 and Sep'24
Cash allocation has gone up from 76.5% to 80.8%
Cash allocation has gone up from 76.5% to 80.8%
Debt allocation has gone down from 23.3% to 19%
Debt allocation has gone down from 23.3% to 19%

Top 3 Sectors in October were Corporate, Financial Services & Consumer Cyclical

Oct'24
Corporate
57%
Financial Services
51%
Consumer Cyclical
37%
Sep'24
Corporate
58%
Financial Services
51%
Consumer Cyclical
37%
  • Debt & Cash

Holdings
Weight%
1M Change
Indian Bank
Indian Bank
3.55%
0%
Axis Bank Limited
Axis Bank Limited
2.57%
0%
Bank Of Baroda
Bank Of Baroda
2.34%
-12.1%
HDFC Bank Limited
HDFC Bank Limited
2.09%
18.2%
Punjab National Bank
Punjab National Bank
1.93%
0%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Money Market Fund Direct Growth, since 1 November 2006
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.8L Cr
as on 31-Oct-2024
Address
Kotak Mahindra Asset management Company Limited,2nd Floor, 12-BKC, Plot No C-12,G Block, BKC, Bandra (East),Mumbai - 400 051
Phone
91-22-40930000
Website
fundaccops@kotakmutual.com

Mutual Fund Insights

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In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.99% return, outperforming this fund by 0.12%.
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Over the last 6 months, this fund has experienced a 55.4% growth in AUM moving from 19.60K Cr to 30.46K Cr.
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In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.22% return, outperforming this fund by 0.32% per annum.
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This fund with AUM at ₹30467.17Cr is among the largest funds in the money market category.
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This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.31%.
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Over the last 15 months, this fund has decreased expense ratio by 11.5% moving from 0.26 to 0.23.
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In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.8% return, outperforming this fund by 0.15% per annum.

Kotak Money Market Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.25% since inception which is more than its category average return of 5.36%
AUM size ₹30467 Cr

AUM size ₹30467 Cr

This fund has AUM of ₹30467 Cr which is more than its category average of ₹ 10221 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.32%

Frequently Asked Questions for Kotak Money Market Fund Direct Growth

The current NAV of Kotak Money Market Fund Direct Growth is ₹4332.27 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Kotak Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
3.8%
3.8%
1 Year Returns
7.87%
7.87%
3 Years Returns
21.3%
6.65%
5 Years Returns
33.21%
5.9%
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.
0.23% as on November 2024
₹30467 Cr as on November 2024
Indian Bank(3.55%), Axis Bank Limited(2.57%), Bank Of Baroda(2.34%), HDFC Bank Limited(2.09%), Punjab National Bank(1.93%) as on November 2024
Cash Equivalent(62.37%), Corporate(25.38%), Government(12.25%) as on November 2024
Yield to Maturity is 7.4 as on November 2024. 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 0.4 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Deepak Agrawal is the fund manager of Kotak Money Market Fund Direct Growth
The Exit load of Kotak Money Market Fund Direct Growth is 0%