Kotak Money Market Fund(G)

View the direct plan of this scheme

Rs 4286.3583   1.3735(0.032 %) NAV as on 21 Nov 2024
Prime Rating: 4 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 29,487.57
Fund category:
Money Market
Fund manager(s):
Deepak Agrawal, Manu Sharma
Benchmark:
CRISIL Money Market Index
Minimum investment:
₹ 100
Launch date:
14 Jul 2003
Min. additional investment:
₹ 100
Expense ratio:
0.35 %
Exit load:
N/A

Scheme Objective: The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year.


Performance (As on 21 Nov 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.12 % 1.84 %3.72 % 7.68 % 6.48 %5.79 % 7.05 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
INDIAN BANK**
Certificate of Deposit
3.65%
CRISIL A1+
AXIS BANK LTD.**
Certificate of Deposit
2.65%
CRISIL A1+
BANK OF BARODA
Certificate of Deposit
2.41%
FITCH A1+
Central Government - 2024
Government Securities
2.29%
SOV
HDFC BANK LTD.**
Certificate of Deposit
2.15%
CARE A1+
PUNJAB NATIONAL BANK
Certificate of Deposit
1.99%
FITCH A1+
PUNJAB NATIONAL BANK**
Certificate of Deposit
1.83%
ICRA A1+
HDFC BANK LTD.**
Certificate of Deposit
1.75%
CARE A1+
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
Certificate of Deposit
1.7%
CARE A1+
182 DAYS TREASURY BILL 06/02/2025
Treasury Bills
1.67%
SOV

About this category

Money market debt funds invest in money market instruments such as commercial paper, certificate of deposits and treasury bills. While their average maturity can vary, it tends to hold around or below 1 year. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.

Suitability

These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.

Taxation
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