July 5, 2025
mayank
Kotak Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,382.0493
NAV IDCW Daily: Rs 1,003.6055
Suitable For Which Investors?
Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
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).
Fund Manager:
1) Deepak Agrawal
Education: Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.
Experience: He has been associated with Kotak AMC since 2002.
2) Sunil Pandey
Education: Masters in Financial Management
Experience: Prior to joining the debt dealership segment, Mr. Pandey was part of the Investor Relations Team of Kotak AMC till 2010 & post that he was part of the Investment Operations Team of the AMC,
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Kotak Overnight Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 15-Jan-19 |
| Return Since Launch | 5.13% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 6,261 Cr |
| (As on 31-May-2025) | |
| Expense | 0.08% |
| (As on 30-Jun-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Kotak Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak Overnight Dir | 3.07 | 0.01 | 0.43 | 1.41 | 3.02 | 6.40 | 6.45 | 5.18 | — | — |
| CCIL T Bill Liquidity Weight | 2.81 | 0.01 | 0.42 | 1.41 | 2.70 | 5.20 | 4.53 | 3.53 | — | — |
| Debt: Overnight | 3.04 | 0.01 | 0.43 | 1.40 | 2.99 | 6.36 | 6.42 | 5.16 | — | — |
| Rank within category | 6 | 9 | 7 | 8 | 6 | 6 | 6 | 13 | — | — |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of Kotak Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Kotak Overnight Dir | 4 star | 6.40 | 6.40 | 5.18 | 0.08 | 6,261 | 5.13 | — | 6Y 5M |
| Axis Overnight Dir | 5 star | 6.44 | 6.44 | 5.21 | 0.06 | 8,726 | 5.13 | — | 6Y 3M |
| ABSL Overnight Dir | 4 star | 6.40 | 6.40 | 5.18 | 0.08 | 7,174 | 5.18 | — | 6Y 8M |
| Nippon India Overnight Dir | 4 star | 6.42 | 6.42 | 5.19 | 0.08 | 5,781 | 5.18 | — | 6Y 6M |
| Tata Overnight Dir | 4 star | 6.43 | 6.43 | 5.19 | 0.05 | 2,724 | 5.11 | — | 6Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.88 | 5.84 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Kotak Overnight Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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