Kotak Money Market Scheme Direct Growth
DebtMoney MarketModerately High risk
Direct
NAV (25-Jul-24)
₹4221.470.02%1D
Returns (Since Inception)
7.24%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹23,650 Cr
Expense Ratio
0.23%
ISIN
INF174K01MW2
Minimum SIP
₹100
Exit Load
No Charges
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, 6 months and 25 days, having been launched on 01-Jan-13.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹4221.47, Assets Under Management (AUM) of 23649.73 Crores, and an expense ratio of 0.23%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹4221.47, Assets Under Management (AUM) of 23649.73 Crores, and an expense ratio of 0.23%.
- Kotak Money Market Scheme Direct Growth has given a CAGR return of 7.24% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 22.26% in debts, and 77.50% 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
+7.65%
+6.38% (Cat Avg.)
3 Years
+6.19%
+5.44% (Cat Avg.)
5 Years
+5.92%
+5.20% (Cat Avg.)
10 Years
+6.91%
+5.67% (Cat Avg.)
Since Inception
+7.24%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Debt | ₹5,264.93 Cr | 22.26% |
| Others | ₹18,384.8 Cr | 77.74% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| India (Republic of) | Bond - Short-term Government Bills | ₹889.11 Cr | 4.09% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹762.01 Cr | 3.50% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹741.52 Cr | 3.41% |
| 7.03% Govt Stock 2024 | Bond - Gov't/Treasury | ₹574.91 Cr | 2.64% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹571.95 Cr | 2.63% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹557.08 Cr | 2.56% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹522.62 Cr | 2.40% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹480.33 Cr | 2.21% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹479.02 Cr | 2.20% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹478.6 Cr | 2.20% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹476.29 Cr | 2.19% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹475.04 Cr | 2.18% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹474.42 Cr | 2.18% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹466.31 Cr | 2.14% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹465.08 Cr | 2.14% |
| Triparty Repo | Cash - Repurchase Agreement | ₹393.6 Cr | 1.81% |
| India (Republic of) | Bond - Short-term Government Bills | ₹383.98 Cr | 1.76% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹383.58 Cr | 1.76% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹383.22 Cr | 1.76% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹383.08 Cr | 1.76% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹380.39 Cr | 1.75% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹334.78 Cr | 1.54% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹292.95 Cr | 1.35% |
| Dbs Bank India Limited | Cash - CD/Time Deposit | ₹285.22 Cr | 1.31% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹266.8 Cr | 1.23% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹265.45 Cr | 1.22% |
| 05.80 MH Sdl 2025 | Bond - Gov't/Treasury | ₹248.21 Cr | 1.14% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹247.29 Cr | 1.14% |
| Sharekhan Limited | Cash - Commercial Paper | ₹240.32 Cr | 1.10% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹240.09 Cr | 1.10% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹240.07 Cr | 1.10% |
| Icici Securities Limited | Cash - Commercial Paper | ₹238.82 Cr | 1.10% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹238.58 Cr | 1.10% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹238.41 Cr | 1.10% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹238.24 Cr | 1.09% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹238.07 Cr | 1.09% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹233.36 Cr | 1.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹216.16 Cr | 0.99% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹203.15 Cr | 0.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹193.25 Cr | 0.89% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹192.31 Cr | 0.88% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹190.67 Cr | 0.88% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹190.55 Cr | 0.88% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹190.54 Cr | 0.88% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹189.33 Cr | 0.87% |
| Piramal Capital & Housing Finance Ltd. | Bond - Corporate Bond | ₹188.49 Cr | 0.87% |
| Piramal Capital & Housing Finance Limited | Cash - Commercial Paper | ₹187.74 Cr | 0.86% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹145.14 Cr | 0.67% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹144.14 Cr | 0.66% |
| Sharekhan Limited | Cash - Commercial Paper | ₹144.05 Cr | 0.66% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹143.8 Cr | 0.66% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹143.5 Cr | 0.66% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹143.3 Cr | 0.66% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹143.1 Cr | 0.66% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹143.07 Cr | 0.66% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹143.04 Cr | 0.66% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹142.64 Cr | 0.66% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹142.46 Cr | 0.65% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹142.22 Cr | 0.65% |
| 08.06 MH Sdl 2025 | Bond - Gov't/Treasury | ₹125.69 Cr | 0.58% |
| Canara Bank | Cash - CD/Time Deposit | ₹120.07 Cr | 0.55% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹119.08 Cr | 0.55% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹99.47 Cr | 0.46% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹97.16 Cr | 0.45% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹96.99 Cr | 0.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹96.12 Cr | 0.44% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹95.91 Cr | 0.44% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹95.73 Cr | 0.44% |
| Axis Securities Limited | Cash - Commercial Paper | ₹95.55 Cr | 0.44% |
| Hinduja Leyland Finance Limited | Cash - Commercial Paper | ₹95.39 Cr | 0.44% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹95.34 Cr | 0.44% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹95.33 Cr | 0.44% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹95.22 Cr | 0.44% |
| Barclays Investments & Loans (India) Private Limited | Bond - Corporate Bond | ₹94.99 Cr | 0.44% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹94.92 Cr | 0.44% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹94.9 Cr | 0.44% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹94.9 Cr | 0.44% |
| Godrej Finance Ltd. | Cash - Commercial Paper | ₹94.78 Cr | 0.44% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹94.48 Cr | 0.43% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹94.14 Cr | 0.43% |
| 08.05 KA Sdl 2025 | Bond - Gov't/Treasury | ₹85.49 Cr | 0.39% |
| 08.05 GJ Sdl 2025feb | Bond - Gov't/Treasury | ₹75.43 Cr | 0.35% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹73.14 Cr | 0.34% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹71.35 Cr | 0.33% |
| Icici Securities Limited | Cash - Commercial Paper | ₹71.3 Cr | 0.33% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹71.14 Cr | 0.33% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹51.36 Cr | 0.24% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹49.52 Cr | 0.23% |
| India (Republic of) | Bond - Short-term Government Bills | ₹47.88 Cr | 0.22% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹47.78 Cr | 0.22% |
| Pilani Investment And Industries Corporation Ltd. | Cash - Commercial Paper | ₹47.76 Cr | 0.22% |
| Icici Securities Limited | Cash - Commercial Paper | ₹47.74 Cr | 0.22% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹47.67 Cr | 0.22% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹47.64 Cr | 0.22% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.63 Cr | 0.22% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹47.52 Cr | 0.22% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹47.52 Cr | 0.22% |
| Nuvama Wealth Management Limited | Cash - Commercial Paper | ₹47.5 Cr | 0.22% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹47.41 Cr | 0.22% |
| Icici Securities Limited | Cash - Commercial Paper | ₹47.39 Cr | 0.22% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹47.11 Cr | 0.22% |
| SBI ALTERNATIVE INVESTMENT FUND | Mutual Fund - Open End | ₹40.82 Cr | 0.19% |
| Net Current Assets/(Liabilities) | Cash | ₹-1.43 Cr | 0.01% |
| 08.20 OIL SP 2024SEP | Bond - Gov't Agency Debt | ₹0.75 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹10,290.48 Cr | 47.28% |
| Cash - Commercial Paper | ₹4,766.29 Cr | 21.90% |
| Bond - Corporate Bond | ₹2,720.09 Cr | 12.50% |
| Bond - Gov't/Treasury | ₹1,661.05 Cr | 7.63% |
| Bond - Short-term Government Bills | ₹1,417.09 Cr | 6.51% |
| Bond - Gov't Agency Debt | ₹477.04 Cr | 2.19% |
| Cash - Repurchase Agreement | ₹393.6 Cr | 1.81% |
| Mutual Fund - Open End | ₹40.82 Cr | 0.19% |
| Cash | ₹-1.43 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.54%
Cat. avg.
0.71%
Lower the better
Sharpe Ratio
This fund
1.20
Cat. avg.
-0.31
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.09
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th June 2024
ISIN | INF174K01MW2 | Expense Ratio | 0.23% | Exit Load | No Charges | Fund Size | ₹23,650 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Money Market TR INR |
Investment 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹566.99 Cr | 6.7% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹181.97 Cr | 7.2% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹181.97 Cr | 6.4% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹92.66 Cr | 7.3% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹92.66 Cr | 7.1% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹25.21 Cr | 6.8% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹25.21 Cr | 6.4% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹24331.85 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1467.42 Cr | 7.4% |
| HDFC Money Market Fund Regular Growth Moderate Risk | 0.4% | 0.0% | ₹27005.25 Cr | 7.5% |
About the AMC
Total AUM
₹4,47,798 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
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We're here to help.
What is the current NAV of Kotak Money Market Scheme Direct Growth?
The NAV of Kotak Money Market Scheme Direct Growth, as of 25-Jul-2024, is ₹4221.47.
What are the returns of Kotak Money Market Scheme Direct Growth?
The fund has generated 7.65% over the last 1 year and 6.19% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Kotak Money Market Scheme Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 22.26% in bonds, and 77.50% in cash and cash equivalents.
Who manages the Kotak Money Market Scheme Direct Growth?
The fund managers responsible for Kotak Money Market Scheme Direct Growth are:-
- Deepak Agrawal
- Manu Sharma
- Palha Khanna
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.