| KOTAK MONEY MARKET FUND
An open ended debt scheme investing in money market instruments
An open ended debt scheme investing in money market instruments
| KOTAK MONEY MARKET FUND
An open ended debt scheme investing in money market instruments
*Interest Rate Swap
Source: $ICRAMFI Explorer. Standard
Deviation is calculated on Annualised basis
using 3 years history of monthly returns.
This product is suitable for investors who are seeking*:
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 30 Sep 2021 is 1.75% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'
An open ended debt scheme investing in money market instruments
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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 |
|---|---|---|
| Debt Instruments | ||
| Debentures and Bonds | ||
| Corporate Debt/Financial Institutions | ||
| Government Dated Securities | ||
| 8.79% Central Government | SOV | 6.71 |
| 8.20% Central Government | SOV | 0.93 |
| 6.10% State Government-Karnataka | SOV | 0.88 |
| 7.86% State Government-Assam | SOV | 0.40 |
| Government Dated Securities - Total | 8.92 | |
| Money Market Instruments | ||
| Commercial Paper(CP)/Certificate of Deposits(CD) | ||
| Corporate Debt/Financial Institutions | ||
| LIC Housing Finance Ltd. | CRISIL A1+ | 5.58 |
| AXIS Bank Ltd. | CRISIL A1+ | 7.35 |
| Reliance Industries Ltd. | CRISIL A1+ | 4.77 |
| Cholamandalam Investment and Finance Company Ltd. | CRISIL A1+ | 2.80 |
| HDFC Ltd. | CRISIL A1+ | 2.77 |
| Piramal Enterprises Ltd. | CRISIL A1+ | 2.58 |
| Bajaj Housing Finance Ltd. | CRISIL A1+ | 2.14 |
| Tata Motors Ltd. | CRISIL A1+ | 2.13 |
| AU Small Finance Bank Ltd. | CRISIL A1+ | 1.74 |
| Nxtra Data Limited | CRISIL A1+ | 1.74 |
| Tata Steel Ltd. | ICRA A1+ | 1.73 |
| Daimler Financial Services India | CRISIL A1+ | 1.71 |
| Fullerton India Credit Co. Ltd.(^) | CRISIL A1+ | 1.69 |
| Tata Motors Finance Ltd. | ICRA A1+ | 1.68 |
| Edelweiss Finance & Investments Limited | CRISIL A1+ | 1.30 |
| Godrej Properties Limited | CRISIL A1+ | 1.30 |
| Sundaram Finance Ltd. | CRISIL A1+ | 1.30 |
| HDFC Bank Ltd. | CARE A1+ | 1.29 |
| Sikka Ports & Terminals Ltd. | CRISIL A1+ | 1.29 |
| Panatone Finvest Ltd. | CRISIL A1+ | 1.26 |
| Barclays Investments & Loan (India) Ltd. | CRISIL A1+ | 0.87 |
| Bharti Hexacom Ltd. | CRISIL A1+ | 0.87 |
| Jamnagar Utilities & Power Private Limited | CRISIL A1+ | 0.87 |
| JM Financial Services Limited | CRISIL A1+ | 0.87 |
| IndusInd Bank Ltd. | CRISIL A1+ | 0.86 |
| Hero FinCorp Ltd. | CRISIL A1+ | 0.84 |
| L & T Finance Ltd. | CRISIL A1+ | 0.84 |
| Nirma Ltd. | CRISIL A1+ | 0.70 |
| Muthoot Finance Ltd. | CRISIL A1+ | 0.65 |
| JM Financial Products Limited | CRISIL A1+ | 0.64 |
| AXIS Finance Ltd. | CRISIL A1+ | 0.52 |
| Can Fin Homes Ltd. | ICRA A1+ | 0.43 |
| Dalmia Cement (Bharat) Ltd | CRISIL A1+ | 0.43 |
| ICICI Securities Limited | ICRA A1+ | 0.43 |
| ICICI Securities Limited | CRISIL A1+ | 0.43 |
| Network18 Media & Investments Ltd. | FITCH IND A1+ | 0.43 |
| Northern Arc Capital Limited | CRISIL A1+ | 0.43 |
| Standard Chartered Investment & Loan India Ltd. | CRISIL A1+ | 0.43 |
| Kec International Ltd. | CRISIL A1+ | 0.22 |
| Corporate Debt/Financial Institutions - Total | 59.91 | |
| Public Sector Undertakings | ||
| Export-Import Bank of India | CRISIL A1+ | 5.16 |
| National Bank for Agriculture & Rural Development | ICRA A1+ | 3.89 |
| Indian Oil Corporation Ltd. | ICRA A1+ | 1.31 |
| Bharat Heavy Electricals Ltd. | FITCH IND A1+ | 1.09 |
| Small Industries Development Bank Of India | CARE A1+ | 0.87 |
| National Bank for Agriculture & Rural Development | FITCH A1+(IND) | 0.82 |
| Public Sector Undertakings - Total | 13.14 | |
| Treasury Bills | ||
| 182 Days Treasury Bill 02/12/2021 | SOV | 5.65 |
| 91 Days Treasury Bill 04/11/2021 | SOV | 4.36 |
| 182 Days Treasury Bill 09/12/2021 | SOV | 4.27 |
| Treasury Bills - Total | 14.28 | |
| Triparty Repo | 3.99 | |
| Net Current Assets/(Liabilities) | -0.24 | |
| Grand Total | 100.00 | |
| Monthly SIP of (₹) 10000 | Since Inception | 10 years | 7 years | 5 years | 3 years | 1 year |
| Total amount invested (Rs) | 21,90,000 | 12,00,000 | 8,40,000 | 6,00,000 | 3,60,000 | 1,20,000 |
| Total Value as on Sep 30, 2021 (Rs) | 44,98,562 | 17,20,695 | 10,54,972 | 6,98,122 | 3,89,260 | 1,22,407 |
| Scheme Returns (%) | 7.36 | 7.01 | 6.41 | 6.00 | 5.15 | 3.76 |
| Nifty Money Market Index Returns (%) | 7.42 | 6.77 | 6.08 | 5.59 | 4.79 | 3.71 |
| Alpha | -0.06 | 0.24 | 0.33 | 0.41 | 0.36 | 0.05 |
| Nifty Money Market Index (Rs)# | 45,26,972 | 16,99,469 | 10,42,568 | 6,91,029 | 3,87,175 | 1,22,377 |
| CRISIL 1 Year T-Bill Index (Rs)^ | 40,45,453 | 16,75,540 | 10,43,897 | 6,94,497 | 3,89,207 | 1,22,435 |
| CRISIL 1 Year T-Bill Index Returns (%) | 6.32 | 6.50 | 6.12 | 5.79 | 5.14 | 3.80 |
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. #
Benchmark ; ^ Additional Benchmark.
Alpha is difference of scheme return with benchmark return.
Alpha is difference of scheme return with benchmark return.
NAV
| Growth Option | Rs3,531.3113 |
| Direct Growth Option | Rs3,549.8356 |
| Weekly-Reg-Plan-IDCW | Rs1,030.3533 |
| Weekly-Dir-Plan-IDCW | Rs1,021.7188 |
| Monthly-Reg-Plan-IDCW | Rs1,051.8443 |
| Monthly-Dir-Plan-IDCW | Rs1,039.2614 |
| Daily-Reg-Plan-IDCW | Rs1,039.1768 |
| Daily-Dir-Plan-IDCW | Rs1,060.1979 |
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* |
| Benchmark | Nifty Money Market Index |
| Allotment date | July 14, 2003 |
| AAUM | Rs12,318.00 crs |
| AUM | Rs8,807.15 crs |
| Folio count | 12,324 |
IDCW Frequency
Daily, Weekly (Every Monday) and Monthly (12th of every Month)
Ratios
| Portfolio Average Maturity | 0.33 yrs |
| IRS Average Maturity* | -0.01 yrs |
| Net Average Maturity | 0.32 yrs |
| Portfolio Modified Duration | 0.33 yrs |
| IRS Modified Duration* | -0.01 yrs |
| Net Modified Duration | 0.32 yrs |
| Portfolio Macaulay Duration | 0.33 yrs |
| IRS Macaulay Duration* | -0.01 yrs |
| Net Macaulay Duration | 0.32 yrs |
| YTM | 3.91% |
| $Standard Deviation | 0.23% |
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: 0.33%; Direct: 0.26%
Data as on September 30, 2021
Fund
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 advisers if in doubt about whether the product is suitable for them.
(^) Fully or Party blocked against Interest Rate Swap (IRS) Hedging Position through Interest Rate Swaps as on 30 Sep 2021 is 1.75% of the net assets.
**Total Expense Ratio includes applicable B30 fee and GST
* For Fund Manager experience, please refer 'Our Fund Managers'
For last three IDCW, please refer 'Dividend History'.
For scheme performance, please refer 'Scheme Performances'