Click here 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.
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Historical NAV
₹ 1112.1579
NAV (Sep 23)
Fund Returns
Last 1Y
3%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
4%
6 Month CAGR
1.5%
Scheme Information
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).
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 276,483 crores and was set up on 5 August 1994. It's current offering of mutual fund schemes includes 37 equity,164 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.
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
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund 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.
Fund 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 Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Kotak Overnight fund (G)
About Kotak Overnight fund (G)
Kotak Overnight fund (G) is a Overnight Debt fund and has delivered an annualised return of 4% over a period of 2 years. . The fund is managed by Kotak Mahindra Asset Management Co Ltd. The fund manager’s name is Deepak Agrawal
Kotak Overnight fund (G) 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 (G) NAV,AUM,Risk
The Kotak Overnight fund (G) fund was launched on Jan 15, 2019. The NAV (Net Asset Value) of this Overnight Debt fund as of 2021-09-23 is ₹1112.16. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹6988.988. The category risk of the Kotak Overnight fund (G) fund is Low Risk. The fund charges 0.2 % as expense ratio.
Kotak Overnight fund (G) Holdings
The fund’s highest allocation is towards Others and has invested 100% in this asset class. The top three holdings of the fund are , reverse repo # , triparty repo , net current assets/(liabilities)
Kotak Overnight fund (G) Sip
The minimum SIP (Systematic Investment Plan) amount for this is ₹null 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 (G) 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.
Kotak Overnight fund (G) Review
Kotak Overnight fund (G) has a score of 3 on a scale of 5. The fund has a score of 2 out of 5 based on historical performance. As compared to the other funds in its category, Kotak Overnight fund (G) has a score of 4out of 5
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
