Kotak Money Market Direct Growth
Debt
Direct
Money Market
NAV: ₹ 4160.88 as on 16-05-2024
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 Deepak Agrawal. This fund is suitable to keep your money safe.
Key Parameters
- Kotak Money Market Direct Growth has ₹18875 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
45 people have invested ₹ 30.2Cr in Kotak Money Market Direct Growth in the last three months
Overview
 | 0.24% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹18875 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 303.96% |
Kotak Money Market Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
54.7%
Cash Equivalent
30.7%
Government
14.6%
Top Holdings of Kotak Money Market Direct Growth as on (30-Apr-24)
Debt Holdings100
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Punjab National Bank | 3.88% | 19.2% | |
Punjab National Bank | 2.99% | 0% | |
HDFC Bank Limited | 2.91% | 0% | |
HDFC Bank Limited | 2.73% | 10% | |
Bank Of Baroda | 2.55% | 100% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 18.9K Cr as of Apr'24
- AUM increased by 3K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.17% per annum.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.3% per annum.
Over the last 3 months, this fund has increased expense ratio by 4.3% moving from 0.23 to 0.24.
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.24% which is lower than the category average expense ratio of 0.33%.
Over the last 1 month, this fund has experienced a 18.9% growth in AUM moving from 15.86K Cr to 18.87K Cr.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.18%.
Peer Analysis
Fund Manager
Deepak Agrawal
Fund Manager of Kotak Money Market Direct Growth, since 11 July 2007
Top funds managed
Kotak Money Market Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.23% since inception which is more than its category average return of 4.96%
AUM size ₹18875 Cr
This fund has AUM of ₹18875 Cr which is more than its category average of ₹ 6863 Cr
Expense Ratio 0.24%
This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Kotak Money Market Direct Growth is ₹4160.88 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Kotak Money Market Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.91% | 3.91% |
1 Year Returns | 7.68% | 7.68% |
3 Years Returns | 18.87% | 5.93% |
5 Years Returns | 33.63% | 5.97% |
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.
0.24% as on April 2024
₹18875 Cr as on April 2024
Punjab National Bank(3.88%), Punjab National Bank(2.99%), HDFC Bank Limited(2.91%), HDFC Bank Limited(2.73%), Bank Of Baroda(2.55%) as on April 2024
Corporate(54.75%), Cash Equivalent(30.66%), Government(14.59%) as on April 2024
Yield to Maturity is 7.73 as on April 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 0.69 as on April 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 Direct Growth
The Exit load of Kotak Money Market Direct Growth is 0%