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Kotak Money Market Fund - Direct (IDCW-M)

Money Market Fund
  • NAV

    1193.63(0.03%)
  • Fund Size (CR)

    ₹29,774.43
  • Expense Ratio

    0.23
  • Scheme Type

    Active Fund
  • Value Research

  • Min. investment

    ₹100
  • Minimum Additional Investment

    ₹100
  • Minimum SIP Investment

    ₹100
  • Minimum Withdrawal

    ₹1,000
  • Exit Load Nil.

    0%
  • Return Since Launch

    6.98%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 1.23%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Deepak Agrawal

Bench Mark

CRISIL Money Market A-I Index

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 23 December 202410012.340.12%-0.15%99/185
1 Month29 November 202410054.470.54%-0.54%59/185
3 Month30 September 202410174.681.75%-1.77%59/185
6 Month28 June 202410368.303.68%-3.56%71/184
1 Year29 December 202310850.048.50%8.50%7.37%5/182
3 Year30 December 202112235.8122.36%6.96%6.35%6/162
5 Year30 December 201913343.9533.44%5.94%5.64%65/148
Since Inception1 January 201322476.29124.76%6.98%6.41%80/185

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 January 20241,30,000252381.5594.14% 94.14%
3 Year3 January 20223,70,000755666.02104.23% 26.88%
5 Year1 January 20206,10,0001288378.01111.21% 16.13%
10 Year1 January 201512,10,0002631307.19117.46% 8.08%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

  • Invested Amount

    25,000

  • Estimated Returns

    19,059

76%

Returns

Future value of your investment

44,059

Risk Ratios

0.20%

Standard Deviation

0.01%

Beta

-0.13%

Sharpe Ratio

-5.22%

Treynor's Ratio

-0.14%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
GSEC20251.19%35000000347.60Govt. SecuritiesGovt. Securities
Maharashtra 20250.85%25000000249.66Govt. SecuritiesGovt. Securities
Maharashtra 20250.72%20788100210.03Govt. SecuritiesGovt. Securities
Gujarat 20250.69%20000000202.00Govt. SecuritiesGovt. Securities
Tamil Nadu 20250.65%19000000191.88Govt. SecuritiesGovt. Securities
Maharashtra 20250.43%12500000125.21Govt. SecuritiesGovt. Securities
Karnataka 20250.36%10500000106.63Govt. SecuritiesGovt. Securities
KARNATAKA 20250.29%850000085.19Govt. SecuritiesGovt. Securities
GUJARAT 20250.26%750000075.17Govt. SecuritiesGovt. Securities
GUJARAT 20250.25%724500073.17Govt. SecuritiesGovt. Securities

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
Kotak Money Market Fund - Direct (IDCW-M)
29774.430.54%1.75%3.68%8.50%6.96%
Aditya Birla SL Money Manager Fund - Dir (IDCW-W)
25834.440.45%2.45%4.28%10.25%7.91%
DSP Savings Fund - Direct (IDCW-D)
4210.902.27%3.40%5.24%9.39%6.93%
UTI-Money Market Fund - Direct (IDCW-W)
16371.640.56%1.76%4.23%8.92%7.18%
Kotak Money Market Fund - Direct (IDCW-M)
29774.430.54%1.75%3.68%8.50%6.96%
Invesco India Money Market Fund - Direct (IDCW-D)
5747.880.48%1.65%3.65%8.19%6.91%

News

  • Kotak Mahindra MF announces change in Tier ' 2 Benchmark index under its scheme

    Kotak Mahindra Mutual Fund has announced change in the Tier ' 2 Benchmark shall be discontinued with effect from December 30, 2024.

    Change in name of Benchmark of Kotak Money Market Fund

    Scheme Name Existing Benchmark (Tier 2) Revised Benchmark (Tier 2)
    Kotak Money Market Fund Nifty Money Market Index NIL
    Kotak Bond Short Term Fund Nifty Short Duration Debt Index NIL
    Kotak Savings Fund Nifty Ultra Short Duration Debt Index NIL
    Kotak Medium Term Fund Nifty Medium Duration Debt Index NIL
    Kotak Low Duration Fund Nifty Low Duration Debt Index NIL
    Kotak Bond Fund Nifty Medium to Long Duration Debt Index NIL
    Kotak Credit Risk Fund Nifty Credit Risk Bond Index NIL
    Kotak Dynamic Bond Fund Nifty Composite Debt Index NIL
    Kotak Liquid Fund Nifty Liquid Index NIL

    Powered by Capital Market - Live News

  • Kotak Mutual Fund announces change in Exit Load Structure

    Kotak Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 23 December 2024

    Change in Exit Load:

    Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure
    Kotak Transportation & Logistics Fund ' For redemption / switch out within 30 days from the date of allotment: 1%

    ' If units are redeemed or switched out on or after 30 days from the date of allotment: NIL

    Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.

    Units issued on reinvestment of IDCW shall not be subject to entry and exit load.

    No exit load will be chargeable in case of switches made between different plans/options of the scheme.

    The AMC reserves the right to change / modify the Load structure the Scheme, subject to maximum limits as prescribed under the SEBI (MF) Regulations and circulars issued thereunder from time to time.

    ' For redemption / switch out within 90 days from the date of allotment: 0.5%

    ' If units are redeemed or switched out on or after 90 days from the date of allotment -Nil

    Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme.

    Units issued on reinvestment of IDCW shall not be subject to entry and exit load.

    No exit load will be chargeable in case of switches made between different plans/options of the scheme.

    The AMC reserves the right to change / modify the Load structure the Scheme, subject to maximum limits as prescribed under the SEBI (MF) Regulations and circulars issued thereunder from time to time.

    Powered by Capital Market - Live News

  • Kotak Equity Arbitrage Fund announces Income Distribution cum capital withdrawal (IDCW)

    Kotak Mahindra Mutual Fund has announced 23 December 2024 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the monthly IDCW option of Kotak Equity Arbitrage Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

    Regular Plan ' Monthly IDCW Option: Rs 0.0353

    Direct Plan ' Monthly IDCW Option: Rs 0.04519

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹29295.12

Kotak Money Market Fund - Direct (IDCW-M) is an Money Market Fund-oriented fund from the renowned AMC, Kotak Mahindra Mutual Fund. Launched in 1 January 2013, this fund is managed by Deepak Agrawal. With assets under management (AUM) worth ₹29,295.12 (Cr), as of 1 January 2025, Kotak Money Market Fund - Direct (IDCW-M) is categorized as a Money Market Fund within its segment. The fund has generated a return of 6.98% since its launch.
The current NAV of Kotak Money Market Fund - Direct (IDCW-M) is ₹1,193.63, as on 1 January 2025. The fund's benchmark index is CRISIL Money Market A-I Index. You can invest in Kotak Money Market Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹100.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil. The fund has generated 6.96% and 5.94% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 103.59% in Debt and -3.59% in cash and cash equivalents.

FAQs

How to Invest in Kotak Money Market Fund - Direct (IDCW-M) Direct Growth?

Kotak Money Market Fund - Direct (IDCW-M) is a popular fund in the Money Market Fund segment. The fund has generated a return of 6.98% since inception. Looking to invest in Kotak Money Market Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock! Investing in Kotak Money Market Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Kotak Money Market Fund - Direct (IDCW-M)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Kotak Money Market Fund - Direct (IDCW-M) today and reap the benefits of this Money Market Fund fund!

How much returns has Kotak Money Market Fund - Direct (IDCW-M) Direct Growth generated?

In the short term, i.e., 1 year, Kotak Money Market Fund - Direct (IDCW-M) has generated annualised return of 8.50%. In the long-term, the fund has generated 6.96% and 5.94% in 3 and 5 years respectively. Since its inception, the fund has generated 6.98% returns.

What is the expense ratio of Kotak Money Market Fund - Direct (IDCW-M) Direct Growth?

The expense ratio of Kotak Money Market Fund - Direct (IDCW-M) Direct Growth is 0.23%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Kotak Money Market Fund - Direct (IDCW-M) Fund Direct Growth?

The Assets Under Management (AUM) of Kotak Money Market Fund - Direct (IDCW-M) is ₹29,295.12 (Cr) as of 2025-01-01 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Kotak Money Market Fund - Direct (IDCW-M) Direct Growth?

Redeeming or selling units of Kotak Money Market Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from Kotak Money Market Fund - Direct (IDCW-M):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Kotak Money Market Fund - Direct (IDCW-M)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).