Debt
Direct
Overnight
NAV as on 10-11-2024
₹ 1328.73
Inception Returns
5%
/yr
Kotak Overnight Fund Direct Growth is a debt fund. This fund was started on 15 January, 2019. The fund is managed by Deepak Agrawal. This fund is suitable to keep your money safe.
Kotak Overnight Fund Direct Growth has given a CAGR return of 5.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.75%, 5.89% and 4.88% respectively.
Kotak Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 191 DTB 24102024, 182 DTB 18102024, 091 D Tbill Mat - 18/10/24, 364 DTB 24102024
As it is a overnight 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.
The primary objective of the Scheme is 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).
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 0.00. Kotak Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹7353 Cr |
Inception Date | 15 January, 2019 |
Min Lumpsum/SIP | ₹100/-- |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 57.16% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low Risk |
as on (10-Nov-24)
as on (31-Dec-69)
Top Sector in September was Government
Kotak Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 3.29% | 3.29% |
1 Year Returns | 6.75% | 6.75% |
3 Years Returns | 18.73% | 5.89% |
5 Years Returns | 26.89% | 4.88% |
AAA | 100 |