Overview
Kotak Overnight Fund Direct Growth
Kotak Mahindra Mutual Fund
The Scheme seeks to generate income through investment in debt & money market instruments having maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent).
Investments in Kotak Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1366.8082
Fund Size (AUM)
₹3498.64 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 100
SIP: ₹None
Launch Date
15-Jan-2019
Expense Ratio
0.08%
Exit Load
Nil
Benchmark
NIFTY 1D Rate Index
Standard Deviation
0.23
History
Performance & Ratios
1-Year SIP Return
6.62%
3-Year SIP Return
6.61%
5-Year SIP Return
5.87%
Mean Return
-
Alpha
0.92
Beta
0.45
Sharpe Ratio
-0.09
Sortino Ratio
-0.09
Information Ratio
7.83
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.61% | 6.35% | 5.07% | 4.33% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 6 | 7 | 14 | N/A |
Holdings (4)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 2.85% |
| Reserve Bank of India | Financial | T-Bills | 1.42% |
| Reserve Bank of India | Financial | T-Bills | 1.0% |
| Reserve Bank of India | Financial | T-Bills | 0.71% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
SIP Not Available for investment
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund started their mutual fund on 23/06/1998 and its managing total assets of ₹1,10,832 Cr. Its ranked at 7 as per total assets at end of 30th Sep 2017. Kotak Mahindra Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Kotak Group is India's first NBFC. It has about 80 branches that offer mutual fund services. It also has overseas branches in Abu Dhabi, Dubai, London, New York, Texas, California and Singapore.
Kotak Group has a market capitalization of USD 26.98 Bn and around 46,000+ employees working under it. The asset management company offers various funds across different market capitalization for investors with varying risk appetite and ideal investment duration.
The vision of Kotak mutual funds is to be an ethical market player in the Indian mutual fund industry and it strives to offer the best products to its investors. Kotak has a legacy of many years and therefore, its brand value helps its products to stand-out in the market. The AMC has garnered over 10 lakh customers, within the span of 12 years.
Launch Date
1994-08-05T00:00:00.190Z
Total AUM
₹ 473887.31 Cr
Address
The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla ComplexBandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Kotak Overnight Fund Direct Growth
Kotak Mahindra Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Kotak Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Kotak Overnight Fund Direct Growth?
The top stocks held by Kotak Overnight Fund Direct Growth include Reserve Bank of India, Reserve Bank of India, Reserve Bank of India.
Which industries does Kotak Overnight Fund Direct Growth invest in?
Kotak Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who is the fund manager of Kotak Overnight Fund Direct Growth?
The fund manager of Kotak Overnight Fund Direct Growth is Deepak Agrawal.
How many years has the fund manager been managing Kotak Overnight Fund Direct Growth?
Deepak Agrawal: Calculating...
What is the minimum investment for Kotak Overnight Fund Direct Growth?
The minimum investment for Kotak Overnight Fund Direct Growth is ₹100 for lumpsum investments and ₹None for SIPs.
What are the average 1-year returns for Kotak Overnight Fund Direct Growth?
Calculating...
What are the average 3-year returns for Kotak Overnight Fund Direct Growth?
Calculating...
What is the expense ratio of Kotak Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of Kotak Overnight Fund Direct Growth is 0.08%. The average expense ratio for similar funds in the Debt is Calculating....