How to Invest in Kotak Money Market Fund Direct IDCW Daily?

You can easily invest in Kotak Money Market Fund Direct IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Kotak Money Market Fund Direct IDCW Daily from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Kotak Money Market Fund Direct IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Kotak Money Market Fund Direct IDCW Daily provide?

The Kotak Money Market Fund Direct IDCW Daily has been there from 31 Dec 2012 and the average annual returns provided by this fund is 3.96% since its inception.

How much expense ratio is charged by Kotak Money Market Fund Direct IDCW Daily?

The term Expense Ratio used for Kotak Money Market Fund Direct IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Kotak Money Market Fund Direct IDCW Daily is 0.26% as of 26 Sep 2025...

What is the AUM of Kotak Money Market Fund Direct IDCW Daily?

The AUM, short for Assets Under Management of Kotak Money Market Fund Direct IDCW Daily is ₹11,435.75Cr as of 26 Sep 2025.

How to Redeem Kotak Money Market Fund Direct IDCW Daily?

If you want to sell your Kotak Money Market Fund Direct IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Kotak Money Market Fund Direct IDCW Daily?

You can select either SIP or Lumpsum investment of Kotak Money Market Fund Direct IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of Kotak Money Market Fund Direct IDCW Daily?

The NAV of Kotak Money Market Fund Direct IDCW Daily is ₹1,061.95 as of 17 Sep 2021.

What is the PE and PB ratio of Kotak Money Market Fund Direct IDCW Daily?

The PE ratio ratio of Kotak Money Market Fund Direct IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Kotak Money Market Fund Direct IDCW Daily - NAV, Mutual Fund Performance & Portfolio

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Kotak Money Market Fund Direct IDCW Daily
Debt
Money Market
Moderate Risk
Payout
+6.34%
3Y annualised
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 17 Sep 2021
₹1,061.95
Rating
2
Min. SIP amount
Not Supported
Fund size
₹11,435.75Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Holdings (64)NameSectorInstrumentAssets
GOI
SovereignCGL6.71%
Reserve Bank of India
FinancialT-Bills5.65%
Export-Import Bank Of India
FinancialCD5.16%
Reserve Bank of India
FinancialT-Bills4.36%
Reserve Bank of India
FinancialT-Bills4.27%
National Bank For Agriculture & Rural Development
FinancialCP3.89%
Axis Bank Ltd.
FinancialCD2.57%
Axis Bank Ltd.
FinancialCD2.56%
Reliance Industries Ltd.
EnergyCP2.39%
LIC Housing Finance Ltd.
FinancialCP2.16%
LIC Housing Finance Ltd.
FinancialCP2.15%
Tata Motors Ltd.
AutomobileCP2.13%
Axis Bank Ltd.
FinancialFRD1.79%
Nxtra Data Ltd.
CommunicationCP1.74%
Tata Steel Ltd.
MetalsCP1.73%
Bajaj Housing Finance Ltd.
FinancialCP1.72%
Housing Development Finance Corpn. Ltd.-Warrant
FinancialCP1.69%
Fullerton India Credit Corporation Ltd.
FinancialCP1.69%
TMF Holdings Ltd.
FinancialCP1.68%
Reliance Industries Ltd.
EnergyCP1.31%
Indian Oil Corporation Ltd.
EnergyCP1.31%
Sundaram Finance Ltd.
FinancialCP1.30%
Edelweiss Finance & Investment Ltd.
FinancialCP1.30%
Piramal Enterprises Ltd.
HealthcareCP1.29%
Sikka Ports and Terminals Ltd.
EnergyCP1.29%
HDFC Bank Ltd.
FinancialCD1.29%
LIC Housing Finance Ltd.
FinancialCP1.27%
Panatone Finvest Ltd
FinancialCP1.26%
Bharat Heavy Electricals Ltd.
EngineeringCP1.09%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP1.08%
Housing Development Finance Corpn. Ltd.-Warrant
FinancialCP1.08%
Reliance Industries Ltd.
EnergyCP1.07%
GOI
SovereignCGL0.93%
Karnataka State
OthersSDL0.88%
Bharti Hexacom Ltd.
CommunicationCP0.87%
Jamnagar Utilities and Power Pvt. Ltd.
EngineeringCP0.87%
Daimler Financial Services India Pvt. Ltd.
FinancialCP0.87%
Small Industries Devp. Bank of India Ltd.
FinancialCP0.87%
JM Financial Services Pvt. Ltd.
FinancialCP0.87%
Barclays Investments & Loans Ltd.
FinancialCP0.87%
AU Small Finance Bank Ltd.
FinancialCD0.87%
Indusind Bank Ltd.
FinancialCD0.86%
Hero FinCorp Ltd.
FinancialCP0.84%
Daimler Financial Services India Pvt. Ltd.
FinancialCP0.84%
L&T Finance Ltd.
FinancialCP0.84%
National Bank For Agriculture & Rural Development
FinancialCP0.82%
Nirma Ltd.
FMCGCP0.70%
Godrej Properties Ltd.
ConstructionCP0.65%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP0.65%
Muthoot Finance Ltd.
FinancialCP0.65%
JM Financial Products Ltd.
FinancialCP0.64%
Axis Finance Ltd.
FinancialCP0.52%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP0.43%
Axis Bank Ltd.
FinancialCD0.43%
Can Fin Homes Ltd.
FinancialCP0.43%
Standard Chartered Investment & Loan India Ltd.
FinancialCP0.43%
Northern ARC Capital Ltd.
FinancialCP0.43%
ICICI Securities Ltd.
FinancialCP0.43%
Network 18 Media & Investments Ltd.
ServicesCP0.43%
Dalmia Cement (Bharat) Ltd
ConstructionCP0.43%
Bajaj Housing Finance Ltd.
FinancialCP0.42%
Assam State
OthersSDL0.40%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP0.32%
KEC International Ltd.
EngineeringCP0.22%
See All
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Money Market
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.0%6.3%6.6%7.5%
Category average7.5%7.2%5.9%NA
Rank with in category11109NA
Understand terms
Peer ComparisonDebt, Money Market fundsRating1Y3YFund Size(Cr)
Nippon India Money Market Fund Direct IDCW Quarterly
4
8.0%7.7%23,880.58
Nippon India Money Market Fund Direct IDCW Monthly
4
8.0%7.7%23,880.58
UTI Money Market Fund Direct IDCW Weekly
3
NANA20,513.42
UTI Money Market Fund Direct IDCW Monthly
3
NANA20,513.42
UTI Money Market Fund Direct IDCW Yearly
3
NANA20,513.42
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.26%
31 Aug 2021 - 30 Sep 2021
0.26%
31 Jul 2021 - 31 Aug 2021
0.26%
30 Jun 2021 - 31 Jul 2021
0.26%
31 May 2021 - 30 Jun 2021
0.26%
30 Apr 2021 - 31 May 2021
0.25%
31 Mar 2021 - 30 Apr 2021
0.22%
28 Feb 2021 - 31 Mar 2021
0.22%
31 Jan 2021 - 28 Feb 2021
0.22%
31 Dec 2020 - 31 Jan 2021
0.22%
30 Nov 2020 - 31 Dec 2020
0.22%
31 Oct 2020 - 30 Nov 2020
0.22%
30 Sep 2020 - 31 Oct 2020
0.22%
31 Aug 2020 - 30 Sep 2020
0.22%
31 Jul 2020 - 31 Aug 2020
0.17%
30 Jun 2020 - 31 Jul 2020
0.17%
31 May 2020 - 30 Jun 2020
0.17%
30 Apr 2020 - 31 May 2020
0.17%
31 Mar 2020 - 30 Apr 2020
0.17%
29 Feb 2020 - 31 Mar 2020
0.17%
31 Jan 2020 - 29 Feb 2020
0.17%
31 Dec 2019 - 31 Jan 2020
0.17%
30 Nov 2019 - 31 Dec 2019
0.16%
31 Oct 2019 - 30 Nov 2019
0.16%
30 Sep 2019 - 31 Oct 2019
0.16%
31 Aug 2019 - 30 Sep 2019
0.16%
31 Jul 2019 - 31 Aug 2019
0.16%
30 Jun 2019 - 31 Jul 2019
0.16%
31 May 2019 - 30 Jun 2019
0.16%
30 Apr 2019 - 31 May 2019
0.16%
31 Mar 2019 - 30 Apr 2019
0.16%
28 Feb 2019 - 31 Mar 2019
0.16%
31 Jan 2019 - 28 Feb 2019
0.16%
31 Dec 2018 - 31 Jan 2019
0.16%
30 Nov 2018 - 31 Dec 2018
0.16%
31 Oct 2018 - 30 Nov 2018
0.16%
30 Sep 2018 - 31 Oct 2018
0.16%
31 Aug 2018 - 30 Sep 2018
0.15%
31 Jul 2018 - 31 Aug 2018
0.15%
30 Jun 2018 - 31 Jul 2018
0.15%
31 May 2018 - 30 Jun 2018
0.15%
30 Apr 2018 - 31 May 2018
0.15%
31 Mar 2018 - 30 Apr 2018
0.15%
28 Feb 2018 - 31 Mar 2018
0.05%
31 Jan 2018 - 28 Feb 2018
0.04%
31 Dec 2017 - 31 Jan 2018
0.06%
30 Nov 2017 - 31 Dec 2017
0.03%
31 Oct 2017 - 30 Nov 2017
0.02%
Expense ratio, exit load and taxExpense ratio: 0.26%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Fund managementDeepak Agrawal
Jan 2013 - Present
View details
Education
Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.
Experience
He has been associated with Kotak AMC since 2002.
Also manages these schemes
Kotak Bond Short Term Fund Direct Growth
Kotak Credit Risk Fund Direct Growth
Kotak Money Market Fund Direct Growth
Kotak Savings Fund Direct Growth
Kotak Dynamic Bond Fund Direct Growth
Kotak Corporate Bond Fund Direct Growth
Kotak Low Duration Fund Direct Growth
Kotak FMP Series 211 Direct Growth
Kotak FMP Series 212 Direct Growth
Kotak FMP Series 220 1150 Days Direct Growth
Kotak FMP Series 225 1128 Days Direct Growth
Kotak FMP Series 226 1470 Days Direct Growth
Kotak FMP Series 230 1140 Days Direct Growth
Kotak FMP Series 239 1330 Days Direct Growth
Kotak FMP Series 242 1152 Days Direct Growth
Kotak FMP Series 253 1260 Days Direct Growth
Kotak FMP Series 254 1250 Days Direct Growth
Kotak FMP Series 265 1194 Days Direct Growth
Kotak FMP Series 267 1182 Days Direct Growth
Kotak Floating Rate Fund Direct Growth
Kotak FMP Series 291 1826 Days Direct Growth
Kotak FMP Series 292 1735 Days Direct Growth
Fund house & investment objective
Kotak Mahindra Mutual Fund
Rank (total assets)#5 in India
Total AUM₹5,41,198.99Cr
Date of Incorporation05 Aug 1994
    Kotak Money Market Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund.     This scheme was made available to investors on 05 Aug 1994.     Deepak Agrawal is the Current Fund Manager of Kotak Money Market Fund Direct IDCW Daily fund.     The fund currently has an Asset Under Management(AUM) of ₹5,41,199 Cr and     the Latest NAV as of 17 Sep 2021 is ₹1,061.95.  

    The Kotak Money Market Fund Direct IDCW Daily is rated Moderate risk.     Minimum SIP Investment is set to ₹1,000.          
  ;
Investment ObjectiveThe Scheme seeks to generate returns by investing in money market instruments having maturity upto 1 year. 
 
;
Fund benchmarkCRISIL Money Market A-I Index
Scheme Information Document(SID)
Fund house contact details
Address
The Capital Building,  Behind ICICI Bank, G Block BKC, Bandra Kurla ComplexBandra (E) Mumbai 400051
Phone
022-61152100 / 1800-22-2626
Launch Date
05 Aug 1994
E-mail
NA
Website
Kotak Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Kotak Money Market Fund Direct IDCW Daily
VS
Add mutual fund to compare

Name	Sector	Instrument	Assets
GOI	Sovereign	CGL	6.71%
Reserve Bank of India	Financial	T-Bills	5.65%
Export-Import Bank Of India	Financial	CD	5.16%
Reserve Bank of India	Financial	T-Bills	4.36%
Reserve Bank of India	Financial	T-Bills	4.27%
National Bank For Agriculture & Rural Development	Financial	CP	3.89%
Axis Bank Ltd.	Financial	CD	2.57%
Axis Bank Ltd.	Financial	CD	2.56%
Reliance Industries Ltd.	Energy	CP	2.39%
LIC Housing Finance Ltd.	Financial	CP	2.16%
LIC Housing Finance Ltd.	Financial	CP	2.15%
Tata Motors Ltd.	Automobile	CP	2.13%
Axis Bank Ltd.	Financial	FRD	1.79%
Nxtra Data Ltd.	Communication	CP	1.74%
Tata Steel Ltd.	Metals	CP	1.73%
Bajaj Housing Finance Ltd.	Financial	CP	1.72%
Housing Development Finance Corpn. Ltd.-Warrant	Financial	CP	1.69%
Fullerton India Credit Corporation Ltd.	Financial	CP	1.69%
TMF Holdings Ltd.	Financial	CP	1.68%
Reliance Industries Ltd.	Energy	CP	1.31%
Indian Oil Corporation Ltd.	Energy	CP	1.31%
Sundaram Finance Ltd.	Financial	CP	1.30%
Edelweiss Finance & Investment Ltd.	Financial	CP	1.30%
Piramal Enterprises Ltd.	Healthcare	CP	1.29%
Sikka Ports and Terminals Ltd.	Energy	CP	1.29%
HDFC Bank Ltd.	Financial	CD	1.29%
LIC Housing Finance Ltd.	Financial	CP	1.27%
Panatone Finvest Ltd	Financial	CP	1.26%
Bharat Heavy Electricals Ltd.	Engineering	CP	1.09%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	1.08%
Housing Development Finance Corpn. Ltd.-Warrant	Financial	CP	1.08%
Reliance Industries Ltd.	Energy	CP	1.07%
GOI	Sovereign	CGL	0.93%
Karnataka State	Others	SDL	0.88%
Bharti Hexacom Ltd.	Communication	CP	0.87%
Jamnagar Utilities and Power Pvt. Ltd.	Engineering	CP	0.87%
Daimler Financial Services India Pvt. Ltd.	Financial	CP	0.87%
Small Industries Devp. Bank of India Ltd.	Financial	CP	0.87%
JM Financial Services Pvt. Ltd.	Financial	CP	0.87%
Barclays Investments & Loans Ltd.	Financial	CP	0.87%
AU Small Finance Bank Ltd.	Financial	CD	0.87%
Indusind Bank Ltd.	Financial	CD	0.86%
Hero FinCorp Ltd.	Financial	CP	0.84%
Daimler Financial Services India Pvt. Ltd.	Financial	CP	0.84%
L&T Finance Ltd.	Financial	CP	0.84%
National Bank For Agriculture & Rural Development	Financial	CP	0.82%
Nirma Ltd.	FMCG	CP	0.70%
Godrej Properties Ltd.	Construction	CP	0.65%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	0.65%
Muthoot Finance Ltd.	Financial	CP	0.65%
JM Financial Products Ltd.	Financial	CP	0.64%
Axis Finance Ltd.	Financial	CP	0.52%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	0.43%
Axis Bank Ltd.	Financial	CD	0.43%
Can Fin Homes Ltd.	Financial	CP	0.43%
Standard Chartered Investment & Loan India Ltd.	Financial	CP	0.43%
Northern ARC Capital Ltd.	Financial	CP	0.43%
ICICI Securities Ltd.	Financial	CP	0.43%
Network 18 Media & Investments Ltd.	Services	CP	0.43%
Dalmia Cement (Bharat) Ltd	Construction	CP	0.43%
Bajaj Housing Finance Ltd.	Financial	CP	0.42%
Assam State	Others	SDL	0.40%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	0.32%
KEC International Ltd.	Engineering	CP	0.22%

	1Y	3Y	5Y	All
Fund returns	4.0%	6.3%	6.6%	7.5%
Category average	7.5%	7.2%	5.9%	NA
Rank with in category	11	10	9	NA

Debt, Money Market funds	Rating	1Y	3Y	Fund Size(Cr)
Nippon India Money Market Fund Direct IDCW Quarterly	4	8.0%	7.7%	23,880.58
Nippon India Money Market Fund Direct IDCW Monthly	4	8.0%	7.7%	23,880.58
UTI Money Market Fund Direct IDCW Weekly	3	NA	NA	20,513.42
UTI Money Market Fund Direct IDCW Monthly	3	NA	NA	20,513.42
UTI Money Market Fund Direct IDCW Yearly	3	NA	NA	20,513.42