| KOTAK MONEY MARKET FUND
An open ended debt scheme investing in money market instruments
A relatively low interest rate risk and moderate credit risk
| KOTAK MONEY MARKET FUND
An open ended debt scheme investing in money market instruments
A relatively low interest rate risk and moderate credit risk

  

  
Investment Objective
The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year. There is no assurance that the investment objective of the Scheme will be realised.

The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year. There is no assurance that the investment objective of the Scheme will be realised.


Issuer/Instrument Industry/
Rating		 % to Net
Assets

Money Market Instruments
Commercial Paper(CP)/Certificate of Deposits(CD)
Corporate Debt/Financial Institutions
HDFC Ltd. CRISIL A1+ 8.89
Federal Bank Ltd. CRISIL A1+ 6.18
Axis Bank Ltd. CRISIL A1+ 5.70
ICICI Bank Ltd. CRISIL A1+ 4.36
HDFC Bank Ltd. CARE A1+ 3.51
Muthoot Finance Ltd. CRISIL A1+ 3.32
Piramal Enterprises Ltd. CRISIL A1+ 2.66
Indusind Bank Ltd. CRISIL A1+ 2.06
Panatone Finvest Ltd. ICRA A1+ 1.92
Hero FinCorp Ltd. CRISIL A1+ 1.46
Panatone Finvest Ltd. CRISIL A1+ 1.22
Tata Motors Finance Ltd. ICRA A1+ 1.18
Tata Capital Housing Finance Ltd. CRISIL A1+ 1.16
Birla Group Holding Private Limited CRISIL A1+ 1.15
IGH Holdings Private Limited CRISIL A1+ 1.15
Motilal Oswal Financial Services Limited ICRA A1+ 0.92
Motilal Oswal Finvest Ltd. CRISIL A1+ 0.92
HDFC Bank Ltd. CRISIL A1+ 0.69
Tata Teleservices Limited CRISIL A1+ 0.67
Bahadur Chand Investments Private Limited ICRA A1+ 0.61
JM Financial Services Limited CRISIL A1+ 0.61
Cholamandalam Investment And Finance Company Ltd. CRISIL A1+ 0.60
JM Financial Products Limited CRISIL A1+ 0.60
AU Small Finance Bank Ltd. FITCH IND A1+ 0.58
Pilani Investment and Industries Corporation Ltd CRISIL A1+ 0.58
TMF Holdings Ltd. ICRA A1+ 0.58
Barclays Investments & Loan (India) Ltd. CRISIL A1+ 0.49
360 One Wam Limited ICRA A1+ 0.24
LIC Housing Finance Ltd. CRISIL A1+ 0.01
Nuvama Wealth and Investment Ltd CRISIL A1+ 0.01
Corporate Debt/Financial Institutions - Total 54.03
Public Sector Undertakings
Small Industries Development Bank Of India CARE A1+ 6.90
Punjab National Bank CRISIL A1+ 3.81
Small Industries Development Bank Of India CRISIL A1+ 3.37
Union Bank of India ICRA A1+ 2.96
Indian Bank CRISIL A1+ 2.65
Union Bank of India FITCH IND A1+ 2.37
Bank Of Baroda FITCH IND A1+ 1.95
National Bank for Agriculture & Rural Development CRISIL A1+ 1.17
Punjab National Bank CARE A1+ 0.59
Union Bank of India FITCH A1+(IND) 0.59
UCO Bank CRISIL A1+ 0.02
Public Sector Undertakings - Total 26.38
Reverse Repo 0.60
Treasury Bills
182 DAYS TREASURY BILL 14/09/2023 SOV 7.10
182 DAYS TREASURY BILL 07/09/2023 SOV 6.23
182 DAYS TREASURY BILL 31/08/2023 SOV 3.04
182 DAYS TREASURY BILL 22/09/2023 SOV 2.42
91 DAYS TREASURY BILL 03/08/2023 SOV 0.76
364 DAYS TREASURY BILL 14/03/2024 SOV 0.59
182 DAYS TREASURY BILL 24/08/2023 SOV 0.15
364 DAYS TREASURY BILL 07/03/2024 SOV 0.06
182 DAYS TREASURY BILL 08/06/2023 SOV 0.03
Treasury Bills - Total 20.38
Net Current Assets/(Liabilities) -1.39
Grand Total 100.00

Systematic Investment Plan (SIP) If you had invested Rs 10,000 every month
Monthly SIP of (₹) 10000 Since Inception 10 years 7 years 5 years 3 years 1 year
Total amount invested (₹) 23,90,000 12,00,000 8,40,000 6,00,000 3,60,000 1,20,000
Total Value as on May 31, 2023 (₹) 51,19,576 16,60,991 10,33,325 6,88,701 3,90,181 1,24,567
Scheme Returns (%) 7.09 6.33 5.83 5.46 5.31 7.17
Nifty Money Market Index B-I Returns (%) 7.15 6.08 5.52 5.21 5.22 7.18
Alpha -0.05 0.25 0.31 0.26 0.09 -0.02
Nifty Money Market Index B-I (₹)# 51,51,711 16,39,462 10,22,017 6,84,282 3,89,666 1,24,577
Nifty Money Market Index Returns (%) 7.14 6.12 5.57 5.25 5.25 7.12
Alpha -0.04 0.22 0.26 0.21 0.06 0.04
Nifty Money Market Index (₹)# 51,45,708 16,42,237 10,23,751 6,85,103 3,89,806 1,24,540
CRISIL 1 Year T-Bill Index (₹)^ 45,72,875 16,21,808 10,17,771 6,81,930 3,86,945 1,24,333
CRISIL 1 Year T-Bill Index Returns (%) 6.09 5.88 5.41 5.07 4.75 6.80

Scheme Inception : - July 14, 2003. The returns are calculated by XIRR approach assuming investment of ₹10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows and taking the time of investment into consideration. Since inception returns are assumed to be starting from the beginning of the subsequent month from the date of inception. The SIP Performance is for Regular Plan – Growth Option Different plans have different expense structure. # Benchmark ; ^ Additional Benchmark. Alpha is difference of scheme return with benchmark return.

NAV
Growth OptionRs3853.0858
Direct Growth OptionRs3879.1614
Monthly-Reg-Plan-IDCWRs1054.93
Monthly-Dir-Plan-IDCW Rs1107.8896

Available Plans/Options

A) Regular Plan B) Direct Plan
Options: Payout of IDCW (w.e.f May 15, 2017, Under Monthly IDCW option only), Reinvestment of IDCW & Growth (applicable for all plans)


Fund Manager* Mr. Deepak Agrawal, Mr. Manu Sharma & Mr. Vihag Mishra
(Dedicated fund manager for investments in foreign securities)
Benchmark***Nifty Money Market Index B-I (Tier 1) Nifty Money Market Index (Tier 2)
Allotment dateJuly 14, 2003
AAUMRs16,149.82 crs
AUMRs13,018.30 crs
Folio count13,505

IDCW Frequency

Monthly (12th of every Month)


Ratios
Portfolio Average Maturity0.61 yrs
IRS Average Maturity*-
Net Average Maturity0.61 yrs
Portfolio Modified Duration0.61 yrs
IRS Modified Duration*-
Net Modified Duration0.61 yrs
Portfolio Macaulay Duration0.61 yrs
IRS Macaulay Duration*-
Net Macaulay Duration0.61 yrs
Annualised YTM*7.42%
$Standard Deviation0.42%
*Interest Rate Swap
*in case of semi annual YTM, it will be annualized.
Source: $ICRAMFI Explorer. Standard Deviation is calculated on Annualised basis using 3 years history of monthly returns.

Minimum Investment Amount

Initial Investment:Rs5000 Under growth, weekly IDCW and monthly IDCW option & Rs1,00,000 under Daily Reinvestment of IDCW option,
Additional Investment: Rs1000 & in multiples of Rs1
Ideal Investment Horizon: 3-6 Months


Load Structure

Entry Load: Nil. (applicable for all plans)
Exit Load: Nil. (applicable for all plans)


Total Expense Ratio**

Regular: 0.36%; Direct: 0.26%


Data as on May 31, 2023

Fund


Benchmark


Benchmark


This product is suitable for investors who are seeking*:
  • Income over a short term investment horizon
  • Investment in money market securities

* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The above risk-o—meter is based on the scheme portfolio as on 31st May, 2023. An addendum may be issued or updated on the website for new riskometer.


**Total Expense Ratio includes applicable B30 fee and GST
***As per SEBI circular no. SEBI/HO/IMD/IMD-11 DF3/P/CIR/2021 /652 dated October 27, 2021; AMFI letter no. 35P/MEM-COR/70/2021-22 dated November 25, 2021 and AMFI letter no. 35P/ MEM-COR/ 131 / 2021-22 dated March 31, 2022 with effect from April 01, 2022 ("Effective date"), the first tier benchmark index of the scheme. Existing benchmark will be Second Tier benchmark for aforementioned scheme.
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'