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Fund Overview

Fund Size

Fund Size

₹19,601 Cr

Expense Ratio

Expense Ratio

0.24%

ISIN

ISIN

INF174K01MW2

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

Kotak Money Market Scheme Direct Growth is a Money Market mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 11 years, 4 months and 26 days, having been launched on 01-Jan-13.
As of 24-May-24, it has a Net Asset Value (NAV) of ₹4167.99, Assets Under Management (AUM) of 19600.89 Crores, and an expense ratio of 0.24%.
  • Kotak Money Market Scheme Direct Growth has given a CAGR return of 7.23% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 30.33% in debts, and 69.47% in cash & cash equivalents.
  • You can start investing in Kotak Money Market Scheme Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.57%

+5.92% (Cat Avg.)

3 Years

+5.97%

+5.25% (Cat Avg.)

5 Years

+5.95%

+5.22% (Cat Avg.)

10 Years

+6.94%

+5.66% (Cat Avg.)

Since Inception

+7.23%

(Cat Avg.)

Portfolio Summaryas of 15th May 2024

Debt5,944.34 Cr30.33%
Others13,656.55 Cr69.67%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Punjab National BankCash - CD/Time Deposit734.84 Cr3.75%
7.14% Govt Stock 2024Bond - Gov't/Treasury574.76 Cr2.93%
Punjab National BankCash - CD/Time Deposit566.81 Cr2.89%
HDFC Bank LimitedCash - CD/Time Deposit551.84 Cr2.82%
HDFC Bank LimitedCash - CD/Time Deposit517.86 Cr2.64%
India (Republic of)Bond - Short-term Government Bills489.41 Cr2.50%
Bank Of BarodaCash - CD/Time Deposit483.63 Cr2.47%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit475.88 Cr2.43%
Panatone Finvest LimitedCash - Commercial Paper474.37 Cr2.42%
HDFC Bank LimitedCash - CD/Time Deposit474.24 Cr2.42%
Union Bank of IndiaBond - Gov't Agency Debt472.02 Cr2.41%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit470.82 Cr2.40%
Net Current Assets/(Liabilities)Cash - Collateral-418.64 Cr2.14%
Axis Bank LimitedCash - CD/Time Deposit384.47 Cr1.96%
India (Republic of)Bond - Short-term Government Bills380.56 Cr1.94%
Indusind Bank Ltd.Bond - Corporate Bond379.95 Cr1.94%
ICICI Bank Ltd.Bond - Corporate Bond379.84 Cr1.94%
Axis Bank Ltd.Bond - Corporate Bond379.64 Cr1.94%
Bank Of BarodaCash - CD/Time Deposit377.02 Cr1.92%
Triparty RepoCash - Repurchase Agreement372 Cr1.90%
182 DTB 22082024Bond - Gov't/Treasury343.54 Cr1.75%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit331.68 Cr1.69%
Dbs Bank India LimitedCash - CD/Time Deposit282.64 Cr1.44%
Bharti Telecom LimitedCash - Commercial Paper262.65 Cr1.34%
05.80 MH Sdl 2025Bond - Gov't/Treasury247.7 Cr1.26%
182 DTB 29082024Bond - Gov't/Treasury245.06 Cr1.25%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit239.36 Cr1.22%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit237.91 Cr1.21%
Tata Capital Housing Finance Ltd.Cash - Commercial Paper237.9 Cr1.21%
Sharekhan LimitedCash - Commercial Paper237.6 Cr1.21%
Bank Of BarodaCash - CD/Time Deposit236.46 Cr1.21%
Icici Securities LimitedCash - Commercial Paper236.41 Cr1.21%
Indusind Bank Ltd.Bond - Corporate Bond236.15 Cr1.20%
Union Bank Of IndiaCash - CD/Time Deposit236.1 Cr1.20%
IDFC First Bank Ltd.Bond - Corporate Bond235.91 Cr1.20%
Canara BankCash - CD/Time Deposit214.22 Cr1.09%
364 DTB 26122024Bond - Gov't/Treasury201.29 Cr1.03%
Indusind Bank LimitedCash - CD/Time Deposit194.98 Cr0.99%
Muthoot Finance Ltd.Cash - Commercial Paper190.46 Cr0.97%
ICICI Bank Ltd.Bond - Corporate Bond189.01 Cr0.96%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit188.84 Cr0.96%
Small Industries Development Bank of IndiaBond - Corporate Bond188.79 Cr0.96%
Piramal Capital & Housing Finance Ltd.Cash - Commercial Paper188.74 Cr0.96%
Piramal Capital & Housing Finance Ltd.Cash - Commercial Paper187.37 Cr0.96%
Piramal Capital & Housing Finance LimitedCash - Commercial Paper178.77 Cr0.91%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit143.82 Cr0.73%
Axis Bank LimitedCash - CD/Time Deposit142.84 Cr0.73%
Sharekhan LimitedCash - Commercial Paper142.42 Cr0.73%
Cholamandalam Investment & Finance Co Ltd.Cash - Commercial Paper142.35 Cr0.73%
The Federal Bank LimitedCash - CD/Time Deposit142.17 Cr0.73%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit142.02 Cr0.72%
HDFC Bank Ltd.Bond - Corporate Bond141.8 Cr0.72%
Axis Bank Ltd.Bond - Corporate Bond141.78 Cr0.72%
The Federal Bank LimitedCash - CD/Time Deposit141.73 Cr0.72%
Indusind Bank LimitedCash - CD/Time Deposit141.29 Cr0.72%
Motilal Oswal Financial Services LtdCash - Commercial Paper140.97 Cr0.72%
Muthoot Finance Ltd.Cash - Commercial Paper140.85 Cr0.72%
08.06 MH Sdl 2025Bond - Gov't/Treasury125.76 Cr0.64%
Standard Chartered Capital LimitedCash - Commercial Paper124.07 Cr0.63%
Canara BankCash - CD/Time Deposit118.99 Cr0.61%
Hindustan Zinc Ltd.Cash - Commercial Paper99.17 Cr0.51%
Cholamandalam Investment & Finance Co Ltd.Cash - Commercial Paper98.82 Cr0.50%
Igh Holdings Private LimitedCash - Commercial Paper98.44 Cr0.50%
Small Industries Development Bank of IndiaCash - Commercial Paper98.33 Cr0.50%
Axis Bank LimitedCash - CD/Time Deposit97.53 Cr0.50%
The Federal Bank LimitedCash - CD/Time Deposit96.07 Cr0.49%
Nuvama Wealth Finance LimitedCash - Commercial Paper95.93 Cr0.49%
India (Republic of)Bond - Short-term Government Bills95.24 Cr0.49%
National Bank for Agriculture and Rural DevelopmentCash - CD/Time Deposit95.05 Cr0.48%
Tata Capital Housing Finance Ltd.Cash - Commercial Paper94.86 Cr0.48%
Axis Securities LimitedCash - Commercial Paper94.56 Cr0.48%
Tata Capital Housing Finance LimitedCash - Commercial Paper94.46 Cr0.48%
Indusind Bank Ltd.Bond - Corporate Bond94.44 Cr0.48%
Birla Group Holdings Private LimitedCash - Commercial Paper94.21 Cr0.48%
Barclays Investments & Loans (India) Private LimitedBond - Corporate Bond94.06 Cr0.48%
National Bank for Agriculture and Rural DevelopmentCash - CD/Time Deposit94.05 Cr0.48%
Au Small Finance Bank LimitedCash - CD/Time Deposit93.96 Cr0.48%
Godrej Finance Ltd.Cash - Commercial Paper93.82 Cr0.48%
Nuvama Wealth Finance LimitedCash - Commercial Paper93.73 Cr0.48%
Birla Group Holdings Private LimitedCash - Commercial Paper93.47 Cr0.48%
Motilal Oswal Financial Services LtdCash - Commercial Paper93.16 Cr0.48%
08.05 KA Sdl 2025Bond - Gov't/Treasury85.54 Cr0.44%
08.05 GJ Sdl 2025febBond - Gov't/Treasury75.47 Cr0.39%
Barclays Investments & Loans (India) Private LimitedCash - Commercial Paper72.4 Cr0.37%
HDFC Bank LimitedCash - CD/Time Deposit70.7 Cr0.36%
Motilal Oswal Finvest LimitedCash - Commercial Paper70.39 Cr0.36%
JM Financial Products LimitedCash - Commercial Paper54.46 Cr0.28%
08.07 GJ Sdl 2025Bond - Gov't/Treasury51.39 Cr0.26%
JM Financial Services LimitedCash - Commercial Paper49.69 Cr0.25%
India (Republic of)Bond - Short-term Government Bills47.45 Cr0.24%
Barclays Investments & Loans (India) Private LimitedCash - Commercial Paper47.31 Cr0.24%
Pilani Investment And Industries Corporation Ltd.Cash - Commercial Paper47.29 Cr0.24%
Icici Securities LimitedCash - Commercial Paper47.26 Cr0.24%
Indusind Bank LimitedCash - CD/Time Deposit47.19 Cr0.24%
HDFC Bank LimitedCash - CD/Time Deposit47.19 Cr0.24%
Bahadur Chand Investments Private LimitedCash - Commercial Paper47.12 Cr0.24%
AU Small Finance Bank Ltd.Bond - Corporate Bond47.04 Cr0.24%
Birla Group Holdings Private LimitedCash - Commercial Paper47.01 Cr0.24%
Aditya Birla Finance LimitedCash - Commercial Paper46.96 Cr0.24%
Icici Securities LimitedCash - Commercial Paper46.92 Cr0.24%
Nuvama Wealth Management LimitedCash - Commercial Paper46.91 Cr0.24%
Motilal Oswal Financial Services LtdCash - Commercial Paper46.62 Cr0.24%
SBI ALTERNATIVE INVESTMENT FUNDMutual Fund - Open End40.59 Cr0.21%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit24.82 Cr0.13%
Axis Bank LimitedCash - CD/Time Deposit24.38 Cr0.12%
08.84 AS Sdl 2024Bond - Gov't/Treasury1 Cr0.01%
08.20 OIL SP 2024SEPBond - Gov't Agency Debt0.75 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit8,863.39 Cr45.22%
Cash - Commercial Paper4,798.2 Cr24.48%
Bond - Corporate Bond2,508.4 Cr12.80%
Bond - Gov't/Treasury1,951.5 Cr9.96%
Bond - Short-term Government Bills1,012.66 Cr5.17%
Bond - Gov't Agency Debt472.77 Cr2.41%
Cash - Collateral-418.64 Cr2.14%
Cash - Repurchase Agreement372 Cr1.90%
Mutual Fund - Open End40.59 Cr0.21%

Risk & Performance Ratios

Standard Deviation

This fund

0.55%

Cat. avg.

0.70%

Lower the better

Sharpe Ratio

This fund

1.13

Cat. avg.

-0.30

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.08

Higher the better

Fund Managers

DA

Deepak Agrawal

Since November 2006

Manu Sharma

Manu Sharma

Since November 2022

PK

Palha Khanna

Since July 2023

Additional Scheme Detailsas of 15th May 2024

ISININF174K01MW2Expense Ratio0.24%Exit LoadNo ChargesFund Size₹19,601 CrAge01 Jan 2013Lumpsum Minimum₹100Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Money Market TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Money Market Funds

Fund nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹493.04 Cr6.6%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹183.03 Cr7.1%
Union Money Market Fund Regular Growth

Low to Moderate Risk

1.0%0.0%₹183.03 Cr6.3%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹96.02 Cr7.2%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹96.02 Cr7.0%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹20.44 Cr6.9%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹20.44 Cr6.4%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹17567.63 Cr7.5%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹1511.50 Cr7.4%
HDFC Money Market Fund Regular Growth

Moderate Risk

0.4%0.0%₹22329.82 Cr7.4%

About the AMC

Total AUM

₹4,14,792 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Kotak FMP Series 327 Direct Growth

Moderately High risk

-0.0%--
Kotak FMP Series 326 - 175 Days Direct Growth

Moderately High risk

----
Kotak FMP Series 325 - 90 Days Direct Growth

Moderate Risk

-0.0%--
Kotak FMP Series 324 - 109 Days Direct Growth

Moderately High risk

-0.0%--
Kotak Healthcare Fund Direct Growth

Very High Risk

0.7%1.0%₹290.95 Cr-
Kotak FMP Series 323 Direct Growth

Low Risk

-0.0%--
Kotak Consumption Fund Direct Growth

Very High Risk

0.7%1.0%₹547.81 Cr-
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹21.93 Cr-
Kotak Multi Asset Allocation Fund Direct Growth

High Risk

0.3%1.0%₹5755.21 Cr-
Kotak S&P BSE Housing Index Fund Direct Growth

Very High Risk

0.2%0.0%₹10.13 Cr-
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 308 - 1125 Days Direct Growth

Low Risk

-0.0%-7.6%
Kotak Yearly Interval Plan Series 1 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth

Low to Moderate Risk

----
Kotak FMP Series 304 Direct Growth

Moderate Risk

---7.0%
Kotak Fixed Maturity Plan Series 262 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 291 - 1826 Days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 264 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 310 - 1131 Days Direct Growth

Moderate Risk

-0.0%-6.9%
Kotak FMP Series 306 Direct Growth

Moderate Risk

-0.0%--
Kotak Quarterly Interval Series 12 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 249 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 295 Direct Growth

Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 258 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 298 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 290 - 1180 Days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Monthly Interval Series 4 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 293 - 1826 Days Direct Growth

Moderate Risk

-0.0%--
Kotak India Growth Fund Series IV Direct Growth

Very High Risk

0.3%0.0%₹132.94 Cr50.2%
Kotak Fixed Maturity Plan Series 260 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 287 - 1188 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 272 Direct Growth

Low to Moderate Risk

----
Kotak Fixed Maturity Plan Series 273 Direct Growth

Low to Moderate Risk

----
Kotak FMP Series 305 Direct Growth

Low to Moderate Risk

-0.0%-6.8%
Kotak FMP Series 300 - 1223 days Direct Growth

Low to Moderate Risk

-0.0%-6.9%
Kotak Quarterly Interval Series 13 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 292 - 1735 Days Direct Growth

Low to Moderate Risk

-0.0%₹423.02 Cr6.9%
Kotak FMP Series 289 -1179 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 288 -1177 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Small Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹14815.19 Cr43.9%
Kotak Flexicap Fund Direct Growth

Very High Risk

0.6%1.0%₹47465.64 Cr40.8%
Kotak Equity Opportunities Fund Direct Growth

Very High Risk

0.5%1.0%₹21495.80 Cr50.4%
Kotak Taxsaver Fund Direct Growth

Very High Risk

0.6%0.0%₹5608.21 Cr45.4%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹114.01 Cr-
Kotak Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹631.09 Cr26.5%
Kotak Infrastructure and Economic Reform Fund Direct Growth

Very High Risk

0.7%1.0%₹1803.53 Cr65.3%
Kotak Low Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹9247.95 Cr7.6%
Kotak Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹8027.99 Cr35.1%
Kotak Bond Fund Direct Growth

Moderate Risk

0.7%0.0%₹1845.59 Cr7.8%
Kotak Bond Fund Short Term Plan Direct Growth

Moderate Risk

0.4%0.0%₹14824.04 Cr7.3%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Kotak Money Market Scheme Direct Growth, as of 24-May-2024, is ₹4167.99.
The fund has generated 7.57% over the last 1 year and 5.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 30.33% in bonds, and 69.47% in cash and cash equivalents.
The fund managers responsible for Kotak Money Market Scheme Direct Growth are:-
  1. Deepak Agrawal
  2. Manu Sharma
  3. Palha Khanna