Kotak Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 21-11-2024
₹ 4322.88
Inception Returns
7.2%
/yr
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
- Kotak Money Market Fund Direct Growth has ₹29488 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.
Returns
Kotak Money Market Fund Direct Growth has given a CAGR return of 7.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.88%, 6.61% and 5.91% respectively.
Holdings
Kotak Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Government. Its top holdings are 7.03% Govt Stock 2024, 182 DTB 06022025, 182 DTB 18102024, 364 Days T - Bill- 06/02/2025, 5.22% Govt Stock 2025
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: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 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.
Historical NAV & Returns
Kotak Money Market Fund Direct Growth Overview
| Expense ratio | 0.23% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹29488 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 211.8% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderately High risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 29.5K Cr as of Oct'24
- AUM increased by 3.5K Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Corporate, Financial Services & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.03% Govt Stock 2024 | 2.29% | 0% | |
182 DTB 06022025 | 1.67% | 0% | |
182 DTB 18102024 | 1.66% | 0% | |
364 Days T - Bill- 06/02/2025 | 1.33% | 0% | |
5.22% Govt Stock 2025 | 1.18% | 0% |
Mutual Fund Insights
Kotak Money Market Fund Direct Growth Highlights
Moderately High risk
About the fund
AUM size ₹29488 Cr
Expense Ratio 0.23%
Frequently Asked Questions for Kotak Money Market Fund Direct Growth
Kotak Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.84% | 3.84% |
1 Year Returns | 7.88% | 7.88% |
3 Years Returns | 21.16% | 6.61% |
5 Years Returns | 33.23% | 5.91% |
- 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.
AAA | 100 |