Kotak Overnight Fund Direct Growth

Kotak Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 10-11-2024

₹ 1328.73

Inception Returns

5%

/yr

About Kotak Overnight Fund Direct Growth

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.

Key Parameters

  1. Kotak Overnight Fund Direct Growth has ₹7353 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

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.

Holdings

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

Taxation

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.

Investment objective of Kotak Overnight Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
35 people have invested ₹ 17.3L in Kotak Overnight Fund Direct Growth in the last three months

Kotak Overnight Fund Direct Growth Overview

Expense ratio0.08%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹7353 Cr
Inception Date15 January, 2019
Min Lumpsum/SIP₹100/--
Exit Load0%
Lock InNo Lock-in
TurnOver
57.16%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (10-Nov-24)

Period
Kotak Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.3%
-
1Y
6.8%
-
3Y
5.9%
-
5Y
4.9%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 6K Cr
₹ 5.4K Cr
₹ 5.5K Cr
  • AUM of the fund stands at 6K Cr as of Sep'24
  • AUM increased by 665.3 Cr between Sep'24 and Aug'24

Top Sector in September was Government

Aug'24
Government
5%
  • Debt & Cash

Holdings
Weight%
1M Change
191 DTB 24102024
191 DTB 24102024
1.7%
0%
182 DTB 18102024
182 DTB 18102024
1.36%
0%
091 D Tbill Mat - 18/10/24
091 D Tbill Mat - 18/10/24
1.02%
0%
364 DTB 24102024
364 DTB 24102024
0.68%
0%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Overnight Fund Direct Growth, since 15 January 2019
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.68L Cr
as on 30-Sep-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

Insights icon
In the last 3 years, Axis Overnight Fund Direct Growth has given 5.91% return, outperforming this fund by 0.02% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 9.7% drop in AUM moving from 8.14K Cr to 7.35K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.08% which is lower than the category average expense ratio of 0.12%.
Insights icon
In the last 1 year, Axis Overnight Fund Direct Growth has given 6.78% return, outperforming this fund by 0.03%.
Insights icon
In the last 5 years, Mirae Asset Overnight Fund Direct Growth has given 4.94% return, outperforming this fund by 0.07% per annum.

Kotak Overnight Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

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

About the fund

This fund has delivered an average annual returns of 5% since inception which is more than its category average return of 3.9%
AUM size ₹7353 Cr

AUM size ₹7353 Cr

This fund has AUM of ₹7353 Cr which is more than its category average of ₹ 2771 Cr
Expense Ratio 0.08%

Expense Ratio 0.08%

This fund has an expense ratio of 0.08% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions for Kotak Overnight Fund Direct Growth

The current NAV of Kotak Overnight Fund Direct Growth is ₹1328.73 as on 10-Nov-2024.
Existing (Absolute + CAGR) as on 10-Nov-2024.
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%
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.
0.08% as on October 2024
₹7353 Cr as on October 2024
Yield to Maturity is 6.68 as on October 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 0.01 as on October 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 Overnight Fund Direct Growth
The Exit load of Kotak Overnight Fund Direct Growth is 0%