Kotak Overnight Fund Direct - Growth

Q: What are the returns of Kotak Overnight Fund?

The Kotak Overnight Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 5.11% since inception. Kotak Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.59% 6.36% 5.07% 5.11%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1367.2483+0.02% 1 day change	5.11% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹1367.2483 as on Apr 23, 2025

This fund Category average

Kotak Overnight Fund overview

VRO rating	4
Expense ratio	0.08% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹3,499 Crs
Lock-in	No Lockin
Age	6 yrs 3 m since Jan 10, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	Lump. ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Kotak Overnight Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 08, 2025

Period	This fund	Category average
1 month	0.5%	0.5%
3 months	1.53%	1.52%
6 months	3.2%	3.19%
1 year	6.59%	6.57%
3 years	6.36%	6.34%
5 years	5.07%	5.07%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 91.1699%

SOV 8.83%

Top Debt Holdings

Reserve Bank of India 8.83%

Allocation by Instruments

Reverse Repo 88.4899%

Treasury Bills 8.83%

Repo 2.32%

Net Current Assets 0.36%

Other Holdings

Others 88.49%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Kotak Overnight Fund	N.A.	₹3,499 Crs	6 yrs 3 m	0.08%
Mirae Asset Overnight Fund	N.A.	₹391 Crs	5 yrs 6 m	0.07%
HSBC Overnight Fund	N.A.	₹2,086 Crs	5 yrs 11 m	0.06%
PGIM India Overnight Fund	N.A.	₹29 Crs	5 yrs 8 m	0.1%
Edelweiss Overnight Fund	N.A.	₹566 Crs	5 yrs 9 m	0.11%
Bank of India Overnight Fund	N.A.	₹41 Crs	5 yrs 2 m	0.09%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Overnight Fund	0.5%	3.2%	6.59%	6.36%	5.07%	N.A.
Mirae Asset Overnight Fund	0.5%	3.2%	6.59%	6.37%	5.11%	2.77%
HSBC Overnight Fund	0.5%	3.2%	6.59%	6.36%	5.1%	2.98%
PGIM India Overnight Fund	0.51%	3.2%	6.6%	6.34%	5.09%	2.83%
Edelweiss Overnight Fund	0.5%	3.17%	6.5%	6.29%	5.04%	2.86%
Bank of India Overnight Fund	0.51%	3.24%	6.67%	6.43%	5.17%	2.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Overnight Fund	0.23	0.45	-0.09	-0.09
Mirae Asset Overnight Fund	0.24	0.45	-0.04	-0.04
HSBC Overnight Fund	0.24	0.46	-0.11	-0.11
PGIM India Overnight Fund	0.23	0.46	-0.17	-0.16
Edelweiss Overnight Fund	0.24	0.46	-0.37	-0.35
Bank of India Overnight Fund	0.23	0.45	0.2	0.21

View all Overnight funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.92 vs. 1.53 Underperformed at beating benchmark
Sharpe	-0.09 vs. 1.42 Poor risk-adjusted returns
Beta	0.45 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.23 vs. 0.15 More volatile performance

Compare Kotak Overnight Fund in detail with

About this fund

About Kotak Overnight Fund

Kotak Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 6 yrs 3 m, having been launched on 10/01/2019. Kotak Overnight Fund Direct - Growth has ₹3,499 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Kotak Overnight Fund Direct - Growth as of 23/04/2025 is ₹1367.25. The fund has an expense ratio of 0.08%, which is close to what most other Overnight funds charge.

Kotak Overnight Fund Direct - Growth returns of last 1-year are 6.61%. Since launch, it has delivered 5.11% average annual returns.
Kotak Overnight Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is very low indicating it has lent to borrowers whose quality is poor. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India.

...

Fund AUM	₹3,499 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Deepak Agrawal

Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.

Investment objective

The Scheme seeks 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).

Kotak Mahindra Mutual Fund details

No. of schemes	77 view all schemes
Total AUM	₹4,87,121 Crs as on Mar 31, 2025
Address	The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai, 400051
Phone	022-61152100 / 1800-22-2626

More funds from Kotak Mahindra Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Kotak Gilt Investment Fund	N.A.	₹3,934 Crs	13.15%	9.05%
Kotak Dynamic Bond Fund	N.A.	₹2,826 Crs	12.23%	8.46%
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund	N.A.	₹2,943 Crs	11.89%	8.43%
Kotak Bond Fund	N.A.	₹2,031 Crs	11.46%	8.36%
Kotak Medium Term Fund	N.A.	₹1,766 Crs	10.71%	8.07%
Kotak Bond Short-term Fund	N.A.	₹16,681 Crs	10.03%	7.62%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Kotak Overnight Fund?

The current Net Asset Value (NAV) of the Kotak Overnight Fund - Direct Growth plan is approximately ₹1367.2483 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Kotak Overnight Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 5.11% since inception.

Kotak Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.59%	6.36%	5.07%	5.11%

How much does this mutual fund charge as expense ratio?

The Kotak Overnight Fund - Direct Growth has an expense ratio of 0.08%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Kotak Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹3,499 Crs crore as of Mar 31, 2025.

To whom does Kotak Overnight Fund lend to?

The top 3 debt holdings of Kotak Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	8.83%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Kotak Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	91.1699%
SOV	8.83%

What is risk level of Kotak Overnight Fund?

This is a Overnight fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Kotak Overnight Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Kotak Overnight Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Kotak Overnight Fund is complete.

How can I redeem my investments in Kotak Overnight Fund?

Redeeming your investments in Kotak Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Kotak Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Overnight

#NA

Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.