August 8, 2022
mayank
Kotak Overnight Fund Guidance
NAV Growth : Rs 1,150.8991
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 :
— 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 2000.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. No of Cheques | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | Kotak Mahindra Mutual Fund |
| Launch Date: | 15-Jan-19 |
| Return Since Launch: | 4.02% |
| Benchmark: | NIFTY 1D Rate Index |
| Riskometer: | Low |
| Type: | Open-ended |
| Assets: | Rs 10,769 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.08% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | Average |
Kotak Overnight Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Kotak Overnight Fund Direct-G | 2.33 | 0.01 | 0.09 | 0.41 | 1.13 | 1.99 | 3.66 | 3.65 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.21 | 0.05 | 0.09 | 0.28 | 0.61 | 1.05 | 2.04 | 2.63 | — | — | — |
| Debt: Overnight | 2.32 | 0.01 | 0.09 | 0.41 | 1.13 | 1.97 | 3.65 | 3.66 | — | — | — |
| Rank within category | 11 | 22 | 11 | 12 | 10 | 8 | 13 | 16 | — | — | — |
| Number of funds in category | 29 | 31 | 30 | 30 | 30 | 30 | 29 | 22 | 3 | 3 | 0 |
Kotak Overnight Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Kotak Overnight Fund | 3 star | Jan-19 | 3.66 | 3.65 | — | 0.08 | 10,769 |
| Aditya Birla Sun Life Overnight Fund | 4 star | Nov-18 | 3.67 | 3.67 | — | 0.08 | 15,421 |
| Axis Overnight Fund | 4 star | Mar-19 | 3.69 | 3.68 | — | 0.04 | 10,814 |
| HSBC Overnight Fund | 5 star | May-19 | 3.71 | 3.71 | — | 0.11 | 735 |
| LIC MF Overnight Fund | 4 star | Jul-19 | 3.7 | 3.68 | — | 0.07 | 616 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 2 | 3 | 1 | 2 |
| Modified Duration (yrs) | 0 | 0.01 | 0 | — |
| Average Maturity (yrs) | 0 | 0.01 | 0 | — |
| Yield to Maturity (%) | 5.04 | 5.04 | 3.11 | 5.04 |
| Avg Credit Rating | — | — | — |
Kotak Overnight Fund Guidance by Chanakya :
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