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Kotak Money Market Scheme Direct Growth
DebtMoney MarketModerately High risk
Direct
NAV (21-Nov-24)
₹4322.880.03%1D
Returns (Since Inception)
7.25%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹29,488 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, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4322.88, Assets Under Management (AUM) of 29487.57 Crores, and an expense ratio of 0.23%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4322.88, Assets Under Management (AUM) of 29487.57 Crores, and an expense ratio of 0.23%.
- Kotak Money Market Scheme Direct Growth has given a CAGR return of 7.25% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 12.04% in debts, and 87.77% 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
+7.83%
— (Cat Avg.)
3 Years
+6.62%
— (Cat Avg.)
5 Years
+5.90%
— (Cat Avg.)
10 Years
+6.87%
— (Cat Avg.)
Since Inception
+7.25%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹3,550.83 Cr | 12.04% |
| Others | ₹25,936.75 Cr | 87.96% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Ltd.** Cd | Cash | ₹2,550.71 Cr | 8.65% |
| Hdfc Bank Ltd.** Cd | Cash | ₹1,968.51 Cr | 6.68% |
| Indusind Bank Ltd.** Cd | Cash | ₹1,264.65 Cr | 4.29% |
| Small Industries Development Bank Of India** Cd | Cash | ₹1,237.76 Cr | 4.20% |
| Union Bank Of India** Cd | Cash | ₹1,219.45 Cr | 4.14% |
| Indian Bank** Cd | Cash | ₹1,077.57 Cr | 3.65% |
| Federal Bank Ltd.** Cd | Cash | ₹1,051.32 Cr | 3.57% |
| National Bank For Agriculture & Rural Development Cd | Cash | ₹1,028.85 Cr | 3.49% |
| Bank Of Baroda Cd | Cash | ₹955.87 Cr | 3.24% |
| Bharti Telecom Ltd.** Cp | Cash | ₹923.76 Cr | 3.13% |
| Punjab National Bank** Cd | Cash | ₹880.73 Cr | 2.99% |
| National Bank For Agriculture & Rural Development** Cd | Cash | ₹819 Cr | 2.78% |
| 7.03% Govt Stock 2024 | Bond - Gov't/Treasury | ₹675.02 Cr | 2.29% |
| Punjab National Bank Cd | Cash | ₹611.05 Cr | 2.07% |
| Icici Bank Ltd.** Cd | Cash | ₹588.5 Cr | 2.00% |
| Icici Securities Limited** Cp | Cash | ₹587.1 Cr | 1.99% |
| Piramal Capital & Housing Finance Ltd.** Cp | Cash | ₹583.37 Cr | 1.98% |
| Canara Bank Cd | Cash | ₹576.7 Cr | 1.96% |
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹491.45 Cr | 1.67% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹489.01 Cr | 1.66% |
| Au Small Finance Bank Ltd.** Cd | Cash | ₹441.17 Cr | 1.50% |
| Muthoot Finance Ltd.** Cp | Cash | ₹415.68 Cr | 1.41% |
| Panatone Finvest Ltd.** Cp | Cash | ₹393.69 Cr | 1.34% |
| 364 Days T - Bill- 06/02/2025 | Bond - Gov't/Treasury | ₹393.16 Cr | 1.33% |
| Bank Of Baroda** Cd | Cash | ₹389.96 Cr | 1.32% |
| Sharekhan Limited** Cp | Cash | ₹376.76 Cr | 1.28% |
| Mankind Pharma Ltd** Cp | Cash | ₹366.26 Cr | 1.24% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹347.01 Cr | 1.18% |
| Motilal Oswal Finvest Ltd.** Cp | Cash | ₹322.2 Cr | 1.09% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹293.77 Cr | 1.00% |
| Dbs Bank India** Cd | Cash | ₹292.55 Cr | 0.99% |
| Motilal Oswal Financial Services Limited** Cp | Cash | ₹292.37 Cr | 0.99% |
| Net Current Assets/(Liabilities) | Cash | ₹-251.59 Cr | 0.85% |
| 05.80 MH Sdl 2025 | Bond - Gov't/Treasury | ₹249.34 Cr | 0.85% |
| Axis Securities Limited** Cp | Cash | ₹244.4 Cr | 0.83% |
| Idfc First Bank Limited** Cd | Cash | ₹244.29 Cr | 0.83% |
| Birla Group Holding Private Limited** Cp | Cash | ₹244.03 Cr | 0.83% |
| Rbl Bank Ltd.** Cd | Cash | ₹243.74 Cr | 0.83% |
| Canara Bank** Cd | Cash | ₹243.66 Cr | 0.83% |
| Aditya Birla Finance Ltd.** Cp | Cash | ₹239.9 Cr | 0.81% |
| 08.29 MH Sdl 2025 | Bond - Gov't/Treasury | ₹210.28 Cr | 0.71% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹207.97 Cr | 0.71% |
| 08.23 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹202.38 Cr | 0.69% |
| Punjab & Sind Bank** Cd | Cash | ₹196.29 Cr | 0.67% |
| Tata Capital Housing Finance Ltd.** Cp | Cash | ₹196.02 Cr | 0.66% |
| Tata Motors Finance Ltd.** Cp | Cash | ₹195.35 Cr | 0.66% |
| Bank Of India** Cd | Cash | ₹195.2 Cr | 0.66% |
| Hdfc Credila Financial Services Pvt Ltd** Cp | Cash | ₹194.37 Cr | 0.66% |
| 08.24 Tn SDL 2025sep | Bond - Gov't/Treasury | ₹192.3 Cr | 0.65% |
| Muthoot Fincorp Ltd.** Cp | Cash | ₹188.84 Cr | 0.64% |
| Iifl Finance Limited** Cp | Cash | ₹148.45 Cr | 0.50% |
| Barclays Investments & Loan (India) Pvt. Ltd.** Cp | Cash | ₹146.8 Cr | 0.50% |
| 08.06 MH Sdl 2025 | Bond - Gov't/Treasury | ₹125.4 Cr | 0.43% |
| Triparty Repo | Cash - Repurchase Agreement | ₹124.94 Cr | 0.42% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹98.42 Cr | 0.33% |
| Bahadur Chand Investments Private Limited** Cp | Cash | ₹98.28 Cr | 0.33% |
| Hinduja Leyland Finance Ltd.** Cp | Cash | ₹98.12 Cr | 0.33% |
| Nuvama Wealth Finance Limited** Cp | Cash | ₹98.05 Cr | 0.33% |
| 360 One Wam Limited** Cp | Cash | ₹97.47 Cr | 0.33% |
| Godrej Finance Ltd** Cp | Cash | ₹97.46 Cr | 0.33% |
| Standard Chartered Capital Ltd.** Cp | Cash | ₹95.36 Cr | 0.32% |
| 08.05 KA Sdl 2025 | Bond - Gov't/Treasury | ₹85.32 Cr | 0.29% |
| 08.05 GJ Sdl 2025feb | Bond - Gov't/Treasury | ₹75.28 Cr | 0.26% |
| 6.18% Govt Stock 2024 | Bond - Gov't/Treasury | ₹75 Cr | 0.25% |
| 08.15 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹73.3 Cr | 0.25% |
| 08.21 HR UDAY 2025 | Bond - Gov't Agency Debt | ₹67.76 Cr | 0.23% |
| SBI ALTERNATIVE INVESTMENT FUND | Mutual Fund - Open End | ₹56.26 Cr | 0.19% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹51.24 Cr | 0.17% |
| 07.96 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹50.54 Cr | 0.17% |
| 08.27 MP Sdl 2025 | Bond - Gov't/Treasury | ₹49.35 Cr | 0.17% |
| Export-Import Bank Of India Cp | Cash | ₹49.19 Cr | 0.17% |
| Pilani Investment And Industries Corporation Ltd** Cp | Cash | ₹49.15 Cr | 0.17% |
| Nuvama Wealth Management Limited** Cp | Cash | ₹49.07 Cr | 0.17% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.02 Cr | 0.17% |
| Nuvama Wealth And Investment Ltd** Cp | Cash | ₹47.17 Cr | 0.16% |
| 06.90 Tn SDL 2025 | Bond - Gov't/Treasury | ₹35.05 Cr | 0.12% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹34.51 Cr | 0.12% |
| 08.16 MH Sdl 2025 | Bond - Gov't/Treasury | ₹15.18 Cr | 0.05% |
| 08.29 Tn SDL 2025aug | Bond - Gov't/Treasury | ₹4.7 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹24,664.64 Cr | 85.35% |
| Bond - Gov't/Treasury | ₹4,524.97 Cr | 15.35% |
| Cash - Repurchase Agreement | ₹124.94 Cr | 0.42% |
| Bond - Gov't Agency Debt | ₹67.76 Cr | 0.23% |
| Mutual Fund - Open End | ₹56.26 Cr | 0.19% |
| Bond - Short-term Government Bills | ₹49.02 Cr | 0.17% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
| Bond - Corporate Bond | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.50%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.47
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
DA
Deepak Agrawal
Since November 2006
Manu Sharma
Since November 2022
Additional Scheme Detailsas of 31st October 2024
ISIN INF174K01MW2 | Expense Ratio 0.23% | Exit Load No Charges | Fund Size ₹29,488 Cr | Age 11 years 10 months | 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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 | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
Kotak Mahindra Mutual Fund
Total AUM
₹5,12,585 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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What is the current NAV of Kotak Money Market Scheme Direct Growth?
The NAV of Kotak Money Market Scheme Direct Growth, as of 21-Nov-2024, is ₹4322.88.
What are the returns of Kotak Money Market Scheme Direct Growth?
The fund has generated 7.83% over the last 1 year and 6.62% 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, 12.04% in bonds, and 87.77% 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
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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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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.