Kotak Overnight Fund
This is the Regular plan of Kotak Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★☆☆☆2/5 vs 33 of 38 Overnight Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Overnight Fund (same plan and option). 33 of the 38 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +5.96% · ranks 13 of 33 Overnight Funds
Volatility 0.1% vs 0.1% category avg
0.2% expense vs 0.2% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Overnight Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.39% | +0.39% | 0.00% |
| 3M abs | +1.24% | +1.24% | 0.00% |
| 6M abs | +2.51% | +2.51% | 0.00% |
| 1Y CAGR | +5.17% | +5.14% | +0.03% |
| 3Y CAGR | +5.96% | +5.94% | +0.02% |
| 5Y CAGR | +5.64% | +5.64% | 0.00% |
Category average across peers in Overnight Fund (up to 38 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 38 peers in Overnight Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Kotak Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.86% | |
| 2025 | +5.74% | |
| 2024 | +6.63% | |
| 2023 | +6.61% | |
| 2022 | +4.57% | |
| 2021 | +3.07% | |
| 2020 | +3.28% | |
| 2019part | +5.33% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Cash & Equivalents96.75%
- Debt3.25%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹8,906Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.
Fund Managers
DADeepak AgrawalStart date not disclosed
CIO - Debt & Head Products
Post Graduate in Commerce, Chartered Accountant, Company Secretary
Mr. Deepak Agrawal’s career has started from Kotak AMC when he joined the organization in December 2002 where he was initially in Research, Dealing and then moved into Fund Management from November 2006
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SPSunil PandeyStart date not disclosed
Debt – Fund Manager Dealer
Masters in Financial Management
Mr. Sunil Pandey has been associated with Kotak AMC since July 2006. 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, in which he handled valuation of securities and settlement of deals with the custodian and counter parties. With effect from May 1, 2015, Mr. Pandey has been appointed as Debt Dealer.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Kotak Mahindra in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Kotak Mahindra MF introduces Nifty 500 Index Fund
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inkl.com · 5d ago
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Moneycontrol.com · 5d ago
Avalon Technologies Promoters Dilute 6% Stake for Rs 871 Cr
Rediff MoneyWiz · 5d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Overnight funds
Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.
Frequently asked questions
What is the NAV of Kotak Overnight Fund?
As of 05 Oct 2026, the NAV of Kotak Overnight Fund is ₹1,464.56 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Overnight Fund delivered?
Kotak Overnight Fund has returned +5.17% over 1 year, +5.96% per year over 3 years, +5.64% per year over 5 years and +5.06% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Kotak Overnight Fund?
Kotak Overnight Fund charges an expense ratio of 0.20% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Kotak Overnight Fund?
Kotak Overnight Fund's largest holdings are 182 DAYS TREASURY BILL 03/09/2026 (1.5%), 91 DAYS TREASURY BILL 24/09/2026 (1.2%) and 182 DAYS TREASURY BILL 18/09/2026 (0.6%). Holdings are disclosed monthly and change over time.
How risky is Kotak Overnight Fund?
Kotak Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Kotak Overnight Fund?
Kotak Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.
Who manages Kotak Overnight Fund?
Kotak Overnight Fund is managed by Deepak Agrawal and Sunil Pandey at Kotak Mahindra.
How is Kotak Overnight Fund taxed?
Kotak Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.