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for top ranked funds in
overnight mutual funds.
However, Scripbox does not recommend investing in overnight mutual funds.
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.
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).
Low
Moderately Low
Moderate
Moderately High
High
Low Risk
0.2%
Expense Ratio
15th Jan, 2019
Launched (1y ago)
₹
5,169
AUM in Crores
INF174KA1BC6
ISIN
No Lock-in
Lock-in
Nifty 1D Rate Index
Benchmark
₹
0
SIP Minimum
₹
5000
Lumpsum Min.
Fund Managers
Deepak Agrawal
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
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.
Kotak Mahindra Asset Management Co Ltd manages assets worth ₹ 187,593 crores. It's current offering of mutual fund schemes includes 34 equity, 162 debt and 26 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Top Ranked
These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.
Not Recommended
Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are
preferred
Category View
We check if the sub-category of the fund is recommended by us
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Equity Funds
Debt Funds
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The Scripbox Promise
Scripbox has helped over 2500 people become millionaires in the last 7
years
You'll never have to worry about what funds to choose. We'll suggest
what's best for you.
Continuous monitoring alerts
We will track our recommendations and suggest changes fund exists
whenever required.
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Annual reviews rebalances
We review your investments and make course corrections every year to
make the best out of your investments
About Kotak Overnight fund (Growth)
About Kotak Overnight fund (Growth)
Kotak Overnight fund (Growth) is a Overnight Debt fund and has delivered an annualised return of 4.64% over a period of 1 years.
The fund is managed by Kotak Mahindra Asset Management Co Ltd.
The fund manager’s name is Deepak Agrawal.
Kotak Overnight fund (Growth) Investment Objective
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).
However, there is no assurance that the objective of the scheme will be realized.
Kotak Overnight fund (Growth) NAV, AUM and Risk
The fund was launched on 2019-01-15. The NAV of the fund as of 2020-09-29 is ₹ 1080.42. The total AUM of the fund as of 2020-09-29 is ₹ 5,169 Cr. The category risk of the fund is Low Risk
The fund charges 0.2 % as expense ratio.
Kotak Overnight fund (Growth) Holdings
The fund’s highest allocation is towards others and has invested 100.0% in this asset class.
The top three holdings of the fund are triparty repo and net current assets/(liabilities).
Kotak Overnight fund (Growth) SIP
The minimum SIP(Systematic Investment Plan) amount for this 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.
Kotak Overnight fund (Growth) Investment volatility and Horizon
This fund 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 Index.
