Kotak Money Market Fund - Growth - Direct Plan

Item: Kotak Money Market Fund - Growth - Direct Plan
Rating: 3
Author: PersonalFN

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₹3969.3841 0.05 %Nav, as on 29-09-2023
Previous Nav
₹ 3967.5509
Net Change on 29-09-2023
₹1.83
PersonalFN Rating
Category
Debt - Money Market Fund
Assets (Cr.)
₹ 17,379.73
Expense Ratio
0.23%
(As on Aug 31, 2023)

Fund Overview Growth | Direct Plan

Fund House
Kotak Mahindra Mutual Fund
Launch Date
31-Dec-2012
Benchmark
Crisil 1 Yr T-Bill Index
Minimum Investment (₹)
100
Minimum Addl Investment (₹)
100
Exit Load (%)
Nil
Minimum SIP Investment (₹)
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
1,000
52 Week Low Nav (₹)
3701.79
52 Week Low Nav Date
03-Oct-2022
52 Week High Nav (₹)
3969.38
52 Week High Nav Date
29-Sep-2023

Fund Objective

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

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
Kotak Money Market Scheme - (Growth) - Direct	6.96	7.00	7.36	5.14	6.08	7.19
Crisil 1 Yr T-Bill Index	N/A	N/A	N/A	N/A	N/A	N/A
Nifty Money Market Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
Kotak Money Market Scheme - (Growth) - Direct	Dec 31, 2012	7.36	5.14	6.08	0.23	17,379.73
SBI SAVINGS FUND - DIRECT PLAN - GROWTH	Jan 01, 2013	7.40	5.16	6.24	0.23	22,496.41
HDFC Money Market Fund - Direct Plan - Growth Option	Dec 31, 2012	7.41	5.19	6.33	0.23	18,093.41
Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan	Dec 31, 2012	7.52	5.26	6.37	0.21	15,660.90
ICICI Prudential Money Market Fund Option - Direct Plan - Growth	Dec 31, 2012	7.43	5.13	6.17	0.21	15,516.20
Tata Money Market Fund- Direct Plan- Growth	Dec 31, 2012	7.59	5.37	5.13	0.17	14,824.67

Fund Holdings as on 31-August-2023

Company % Assets
182 DAYS TREASURY BILL 21/12/2023
4.26
HDFC BANK LTD.**
4.01
PUNJAB NATIONAL BANK**
3.61
Net Current Assets/(Liabilities)
3.11
FEDERAL BANK LTD.**
2.78
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
2.77
ICICI BANK LTD.**
2.74
FEDERAL BANK LTD.**
2.69
HDFC BANK LTD.**
2.48
Union Bank of India**
2.26
Union Bank of India**
2.24
AXIS BANK LTD.**
2.19
AXIS BANK LTD.
2.17
MUTHOOT FINANCE LTD.**
2.06
182 DAYS TREASURY BILL 18/01/2024
1.96
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
1.96
182 DAYS TREASURY BILL 29/02/2024
1.78
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT**
1.66
AXIS BANK LTD.**
1.66
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
1.66
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
1.64
Union Bank of India**
1.53
INDUSIND BANK LTD.**
1.53
AXIS BANK LTD.
1.41
182 DAYS TREASURY BILL 25/01/2024
1.40
182 DAYS TREASURY BILL 08/02/2024
1.40
FEDERAL BANK LTD.**
1.39
INDIAN BANK**
1.39
Hero FinCorp Ltd.**
1.39
ICICI BANK LTD.**
1.38
182 DAYS TREASURY BILL 22/09/2023
1.29
AXIS BANK LTD.
1.25
HDFC BANK LTD.**
1.24
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
1.22
7.68% Central Government - 2023
1.15
Sikka Ports & Terminals Ltd.**
1.13
Piramal Enterprises Ltd.**
1.12
INDIAN BANK**
1.12
AXIS BANK LTD.**
1.11
Union Bank of India**
1.11
FEDERAL BANK LTD.**
1.11
BIRLA GROUP HOLDING PRIVATE LIMITED**
1.09
IGH HOLDINGS PRIVATE LIMITED**
1.09
Piramal Enterprises Ltd.**
0.85
FEDERAL BANK LTD.**
0.71
Union Bank of India
0.70
GS CG 16/12/2023 - (STRIPS)
0.63
364 DAYS TREASURY BILL 22/03/2024
0.61
MOTILAL OSWAL FINANCIAL SERVICES LIMITED**
0.57
JM Financial Products Limited**
0.57
HDFC BANK LTD.
0.56
CANARA BANK**
0.56
MOTILAL OSWAL FINANCIAL SERVICES LIMITED**
0.56
Piramal Enterprises Ltd.**
0.56
PUNJAB NATIONAL BANK**
0.56
Union Bank of India**
0.56
MUTHOOT FINANCE LTD.**
0.55
Tata Capital Housing Finance Ltd.**
0.55
Pilani Investment and Industries Corporation Ltd**
0.55
TATA MOTORS FINANCE SOLUTIONS LTD.**
0.55
AU Small Finance Bank Ltd.**
0.55
TMF HOLDINGS LTD.**
0.55
HDFC BANK LTD.**
0.55
MOTILAL OSWAL FINVEST LTD.**
0.55
Tata Capital Housing Finance Ltd.**
0.55
MUTHOOT FINANCE LTD.**
0.54
SHAREKHAN LIMITED**
0.54
JM Financial Products Limited**
0.54
8.35% Central Government - 2024
0.52
182 DAYS TREASURY BILL 14/09/2023
0.46
GS CG 12/12/2023 - (STRIPS)
0.43
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.42
AXIS BANK LTD.**
0.42
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA**
0.42
INDUSIND BANK LTD.**
0.42
MOTILAL OSWAL FINANCIAL SERVICES LIMITED**
0.41
MOTILAL OSWAL FINVEST LTD.**
0.29
JM Financial Services Limited**
0.29
RELIANCE INDUSTRIES LTD.**
0.28
AXIS BANK LTD.**
0.28
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
0.28
JM Financial Services Limited**
0.27
360 ONE WAM LIMITED**
0.23
GS CG 22 Feb 2024 - (STRIPS)
0.14
PUNJAB & SIND BANK**
0.14
Triparty Repo
0.13
182 DAYS TREASURY BILL 07/09/2023
0.03
GS CG 12/09/2023 - (STRIPS)
0.00

Sector Holding%
Miscellaneous
55.14

Fund Manager

Deepak Agrawal

Education:Post Graduate in Commerce from Mumbai University, a qualified chartered account and a company secretary. Also cleared AIMR CFA Level
Experience:14 Years
Basic Details:Mr. Deepak Agrawal's career has started from Kotak AMC when he joined the organization in December 2002, where he was initially in Research, Dealing and then moved into Fund Management from November 2006.
Funds Managed:
Kotak Bond Short Term Fund
Kotak Floating Rate Fund
Kotak Money Market Fund
Kotak Overnight Fund
Kotak Banking and PSU Debt Fund
Kotak Bond Short Term Fund
Kotak Corporate Bond Fund
Kotak Credit Risk Fund
Kotak Dynamic Bond Fund
Kotak Floating Rate Fund
Kotak Liquid Fund
Kotak Low Duration Fund
Kotak Medium Term Fund
Kotak Money Market Fund
Kotak Overnight Fund
Kotak Savings Fund

Manu Sharma

Education:Chartered Accountant & M.Com
Experience:16 years
Basic Details:Mr. Manu Sharma has over 17 years of experience in the fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation. He joinedKotak AMC from Deskera Systems in September 2019 and was based out of Bangalore/Singapore for one year. Prior to it Mr. Manu was with Kotak AMCsince September 2006 to June 2018 and has handled major assignments like the Fund Management, Operations and Finance for the KotakAMC.
Funds Managed:
Kotak Floating Rate Fund
Kotak Money Market Fund
Kotak Corporate Bond Fund
Kotak Floating Rate Fund
Kotak Low Duration Fund
Kotak Money Market Fund
Kotak Savings Fund

Holding Type Holding %
CARE A1+
12.03
Cash
3.24
CRISIL A1+
51.89
FITCH A1+
3.37
ICRA A1+
13.38
SOV
16.06

About Kotak Money Market Fund

Scheme Analysis

Kotak Money Market Fund is a Debt - Money Market Fund fund and belongs to Kotak Mahindra Mutual Fund. It was launched on 31-Dec-2012 and currently has an AUM of ₹17,379.73 crore. Kotak Money Market Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and Nifty Money Market Index as secondary index.

The NAV of Kotak Money Market Fund ended up ₹1.83(0.05%)yesterday to ₹3969.3841.

Among its top 3 holdings the fund has exposure to 182 DAYS TREASURY BILL 21/12/2023, and

The Kotak Money Market Fund is managed by Deepak Agrawal and Manu Sharma.

Fund House Contact

Address:

27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Phone Number: +91 (22) 66384400

Email Address: mutual@kotak.com

Fax Number: +91 (22) 66384455

Website: https://www.kotakmf.com/

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