Kotak Money Market Fund
This is the Direct plan of Kotak Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+7.38% 3Y CAGR)NAV history
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Money Market Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.46% | — | — |
| 3M abs | — | — | — |
| 6M abs | — | — | — |
| 1Y CAGR | — | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Money Market Fund, 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into Kotak Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
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- Debt100.22%
Fund size over time
Quarterly average AUM · AMFIDown +10% from its peak of ₹32,950Cr 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.
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
- Kotak Banking and PSU Debt Fund
- Kotak Corporate Bond Fund
- Kotak Credit Risk Fund
- Kotak Credit Risk Fund
- Kotak Dynamic Bond Fund
- Kotak Dynamic Bond Fund
- Kotak Floating Interest Rates Fund
- Kotak Floating Interest Rates Fund
- Kotak FMP Series 304
- Kotak Liquid Fund
- Kotak Medium Term Fund
- Kotak Medium Term Fund
- Kotak Overnight Fund
- Kotak Ultra Short to Short Term Fund
- Kotak Ultra Short to Short Term Fund
- Kotak Balanced Advantage Fund - Direct Plan - Growth Option
- Kotak Banking and Financial Services Fund - Direct Plan - Growth
- Kotak Business Cycle Fund - Direct Plan - Growth
- Kotak Equity Savings Fund - Direct Plan - Growth
- Kotak Gilt Fund - Direct Plan - Growth
- KOTAK GOLD ETF
- Kotak Gold Fund - Direct Plan - Growth
- Kotak Manufacture in India Fund - Direct Plan - Growth
- Kotak Nifty 100 Low Volatility 30 ETF
- Kotak Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
- Kotak Nifty 50 Index Fund - Direct Plan - Growth
- Kotak Nifty Alpha 50 ETF
- Kotak Nifty India Consumption ETF
- Kotak Nifty Midcap 50 ETF
- Kotak Nifty MNC ETF
- Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Jul 2026 Index Fund - Direct Plan - Growth
- Kotak Nifty SDL Jul 2033 Index Fund - Direct Plan - Growth
- Kotak Silver ETF
- Kotak Silver ETF Fund of Fund - Direct Plan - Growth
MSManu SharmaStart date not disclosed
Debt - Fund Manager and Dealer
Chartered Accountant from the Institute of Chartered Accountants of India & M.Com
Mr. Manu Sharma has over 17 years of experience in the fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation. He joined Kotak AMC from Deskera Systems in September 2019 and was based out of Bangalore/Singapore for one year. Prior to it Mr. Manu was with Kotak AMC since September 2006 to June 2018 and has handled major assignments like the Fund Management, Operations and Finance for the Kotak AMC.
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.
Quarterly AUM ranking: SBI, ICICI Pru, HDFC continue to dominate the MF industry
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Kotak Multi Sector Omni FOF - Direct (G)
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Kotak Flexi Cap Fund Direct Growth - Regular - Latest NAV [ ₹91.6 ], Returns, Performance, Portfolio & Returns 2026
ClearTax · 4d 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 Money Market funds
Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.
Frequently asked questions
What is the NAV of Kotak Money Market Fund?
As of 05 Oct 2026, the NAV of Kotak Money Market Fund is ₹1,010.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Kotak Money Market Fund delivered?
Kotak Money Market Fund has returned +0.98% 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 Money Market Fund?
Kotak Money Market Fund charges an expense ratio of 0.16% 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 Money Market Fund?
Kotak Money Market Fund's largest holdings are 182 DAYS TREASURY BILL 04/02/2027 (4.1%), 182 DAYS TREASURY BILL 18/09/2026 (4.0%), NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (3.5%), 182 DAYS TREASURY BILL 11/02/2027 (2.9%) and PUNJAB NATIONAL BANK (2.6%). Holdings are disclosed monthly and change over time.
How risky is Kotak Money Market Fund?
Kotak Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% 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 Money Market Fund?
Kotak Money Market Fund is benchmarked against the CRISIL Money Market A-I Index. Its alpha and beta on this page are measured against that index.
Who manages Kotak Money Market Fund?
Kotak Money Market Fund is managed by Deepak Agrawal and Manu Sharma at Kotak Mahindra.
How is Kotak Money Market Fund taxed?
Kotak Money Market 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.