Kotak Money Market Fund Direct Growth

Kotak Money Market Fund Direct Growth

NAV as on 23-04-2025

₹ 4479.18

Inception Returns

7.3%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
115 people have invested ₹ 25.6L in Kotak Money Market Fund Direct Growth in the last three months

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 ₹25008 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 7.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.08%, 7.26% and 6.08% respectively.

Holdings

Kotak Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Consumer Cyclical, Cash Equivalent, Government, Tech. Its top holdings are HDFC Bank Limited, Small Industries Development Bank Of India, Axis Bank Limited, Indian Bank (12/03/2026), Punjab National Bank (18/03/2026)

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

Kotak Money Market Fund Direct Growth Overview

Expense ratio0.24%
Benchmark
CRISIL Money Market TR INR
AUM₹25008 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
211.8%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (23-Apr-25)

Period
Kotak Money Market Fund Direct Growth
Money Market Index
1M
1.2%
0.9%
3M
2.4%
1.9%
6M
4.2%
3.4%
1Y
8.1%
7%
3Y
7.3%
6.6%
5Y
6.1%
5.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
46.9%
Cash Equivalent
28.4%
Government
24.6%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 25K Cr
₹ 27.9K Cr
₹ 26.2K Cr
  • AUM of the fund stands at 25K Cr as of Mar'25
  • AUM decreased by 2.9K Cr between Mar'25 and Feb'25
Cash allocation has gone down from 85.3% to 79.2%
Cash allocation has gone down from 85.3% to 79.2%
Debt allocation has gone up from 14.4% to 20.6%
Debt allocation has gone up from 14.4% to 20.6%

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

Mar'25
Financial Services
51%
Corporate
47%
Consumer Cyclical
37%
Feb'25
Financial Services
51%
Corporate
43%
Consumer Cyclical
37%
  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Limited
HDFC Bank Limited
3.88%
-24%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.4%
0%
Axis Bank Limited
Axis Bank Limited
2.53%
0%
Indian Bank (12/03/2026)
Indian Bank (12/03/2026)
2.51%
100%
Punjab National Bank (18/03/2026)
Punjab National Bank (18/03/2026)
2.42%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Kotak Money Market Fund Direct Growth
Kotak Money Market Fund Direct Growth
8.08%
7.26%
6.08%
7.3%
Tata Money Market Fund Direct Plan Growth
Tata Money Market Fund Direct Plan Growth
8.24%
7.43%
6.37%
6.77%
ICICI Prudential Money Market Fund Direct Plan Growth
ICICI Prudential Money Market Fund Direct Plan Growth
8.12%
7.27%
6.17%
7.33%
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
8.1%
7.32%
6.28%
7.47%
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Deepak Agrawal
Deepak Agrawal
Fund Manager of Kotak Money Market Fund Direct Growth, since 1 November 2006
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Kotak Money Market Direct Growth
7.25%
6.62%
Kotak Liquid Fund Growth Direct
6.87%
6.43%
Kotak Bond Short Term Plan Direct Growth
7.64%
6.85%
Fund House
Kotak Mahindra Asset Management Co Ltd
Total Schemes
Total AUM
₹4.57L Cr
as on 31-Mar-2025
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, Tata Money Market Fund Direct Plan Growth has given 7.43% return, outperforming this fund by 0.17% per annum.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.37% return, outperforming this fund by 0.29% per annum.
Insights icon
Over the last 3 months, this fund has increased expense ratio by 4.3% moving from 0.23 to 0.24.
Insights icon
This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.24% which is lower than the category average expense ratio of 0.31%.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.24% return, outperforming this fund by 0.16%.
Insights icon
Over the last 1 month, this fund has experienced a 10.5% drop in AUM moving from 27.94K Cr to 25.00K Cr.

Kotak Money Market Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.3% since inception which is more than its category average return of 5.52%
AUM size ₹25008 Cr

AUM size ₹25008 Cr

This fund has AUM of ₹25008 Cr which is more than its category average of ₹ 10409 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% 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 ₹4479.18 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Kotak Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.17%
1.17%
6 Month Returns
4.21%
4.21%
1 Year Returns
8.08%
8.08%
3 Years Returns
23.4%
7.26%
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 March 2025
₹25008 Cr as on March 2025
HDFC Bank Limited(3.88%), Small Industries Development Bank Of India(3.4%), Axis Bank Limited(2.53%), Indian Bank (12/03/2026)(2.51%), Punjab National Bank (18/03/2026)(2.42%) as on March 2025
Corporate(48.29%), Cash Equivalent(26.22%), Government(25.5%) as on March 2025
Yield to Maturity is 7.17 as on March 2025. 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 0.86 as on March 2025. 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%