- Mutual Funds
- Kotak Mutual Fund
- Kotak Overnight of fund (RIDCW-D)
Overnight Funds invest in securities with a maturity of 1 day.
These investments have very low interest rate risk; however this also reduces return.
The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1004.7568
NAV (Apr 22)
Fund Returns
Last 1Y | 6.3% |
Last 3Y | 4.9% |
Last 5Y | 3.8% |
Last 10Y | NA |
Since Inception | 3.8% |
6 Month CAGR | 2.9% |
Scheme Information
The primary objective of the Scheme is 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).
Expense Ratio | 0.19 |
Launched (5y ago) | Feb 12, 2019 |
AUM in Crores | 4369.927 |
ISIN | INF174KA1BB8 |
Lock-in | No Lock-in |
Benchmark | Nifty 1D Rate TR INR |
SIP Minimum | 0 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.5 |
Standard Deviation (5yr) | 1 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -3.379 |
Sharpe Ratio (5yr) | -1.486 |
YTM | 7.17 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Kotak Overnight of fund (RIDCW-D) | 8,02,178 | 69,566 | 3.8% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
triparty repo
48.7%the clearing corporation of india limited
48.1%india (republic of)
2.5%net current assets/(liabilities)
0.7%91 Days Treasury Bill 02-05-2024
0.7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Kotak Mahindra Asset Management Co Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
13.4% | 8.4% | ||
11.1% | 12.1% | ||
- | 5% | ||
13.4% | 8.4% | ||
13.4% | 8.4% |
Kotak Overnight of fund (RIDCW-D) Review
Kotak Overnight of fund (RIDCW-D) is a Overnight Debt fund and has delivered an annualised return of 3.8% over a period of 5 years. The fund is managed by Kotak Mahindra Asset Management Co Ltd. The fund managers are Deepak Agrawal, Palha Khanna.
Nav of Kotak Overnight of fund (RIDCW-D) as of 4/22/2024 is ₹1004.76 with the total AUM as of 4/23/2024 is ₹4369.927. With Scripbox you can compare and check the latest nav for all mutual funds in India. Kotak Overnight of fund (RIDCW-D) was launched on Feb 12, 2019. The category risk of the fund is Low Risk.
The minimum SIP amount for Kotak Overnight of fund (RIDCW-D) is ₹0 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Kotak Overnight of fund (RIDCW-D) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty 1D Rate TR INR.
Kotak Overnight of fund (RIDCW-D) is rated as a 4 fund in Debt and delivered 6.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Kotak Overnight of fund (RIDCW-D).
Frequently Asked Questions
What is Kotak Overnight of fund (RIDCW-D)?
How to invest in Kotak Overnight of fund (RIDCW-D)?
You can invest in Kotak Overnight of fund (RIDCW-D) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Kotak Overnight of fund (RIDCW-D)?
The minimum sip amount for Kotak Overnight of fund (RIDCW-D) is ₹0. You can invest in multiples of ₹5000.
Is Kotak Overnight of fund (RIDCW-D) good to invest in?
As per Scripbox experts, Kotak Overnight of fund (RIDCW-D) is a Top Ranked fund. You can investKotak Overnight of fund (RIDCW-D) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Kotak Overnight of fund (RIDCW-D)?
The expense ratio of the Kotak Overnight of fund (RIDCW-D) is 0.19% for regular plan.