Kotak Money Market Fund - Direct Plan - Growth
Kotak Money Market Fund - Direct Plan - Growth

Kotak Money Market Fund - Direct Plan - Growth

Compare
Debt
Direct
Money Market

NAV: ₹ 3879.2 as on 31-05-2023

Fund Performance
zero opening, trading, fund transfer fee
59 people have invested ₹ 1.4Cr in Kotak Money Market Fund - Direct Plan - Growth in the last three months

Fund Insights

Insights icon

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%

Insights icon

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

Insights icon

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

Insights icon

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

Insights icon

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%

Insights icon

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

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹16326 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
335.99%

Fund Distribution as on (30-Apr-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Apr'23

Mar'23

Feb'23

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 & Cash

Debt Holdings86
Holdings
Weight%
1M Change
Canara Bank
Canara Bank
5.21%
-75%
182 DTB 09032023
182 DTB 09032023
5.16%
-2.6%
Axis Bank Limited
Axis Bank Limited
4.62%
-48.1%
182 DTB 22062023
182 DTB 22062023
4.44%
0%
182 DTB 01062023
182 DTB 01062023
3.43%
0%

Kotak Money Market Fund - Direct Plan - Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
0.49%
0.49%
0.49%
Money Market Index
0.41%
0.41%
0.41%
  • 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

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 15.7K Cr
₹ 14.7K Cr
₹ 14.2K Cr
  • 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

Kotak Money Market Fund - Direct Plan - Growth Fund Manager

Manu Sharma

Manu Sharma

Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 1 November 2022
Deepak Agrawal

Deepak Agrawal

Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 11 July 2007
Vihag Mishra

Vihag Mishra

Fund Manager of Kotak Money Market Fund - Direct Plan - Growth, since 30 April 2022

Fund Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

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

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%

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%