Kotak Money Market Scheme Regular Daily Dividend is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was introduced to investors on 22 Oct 2007. Deepak Agrawal is the Current Fund Manager of Kotak Money Market Scheme Regular Daily Dividend.The fund currently has an Asset Under Management(AUM) of ₹9,412 Cr and the Latest NAV as of 16 Oct 2019 is ₹1011.62.
The Kotak Money Market Scheme Regular Daily Dividend is rated Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment