Kotak Overnight Fund

Q: What are the returns of this mutual fund scheme?

The Kotak Overnight Fund is a 7 yrs old fund and has delivered average annual returns of 5.06% since inception. Kotak Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 5.6% 6.29% 5.36% 5.06%

Q: How much does this mutual fund charge as expense ratio?

The Kotak Overnight Fund has an expense ratio of 0.16% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1416.6762+0.01% 1 day change	5.06% p.a.	App exclusive #NA View Ranked Funds	₹5,952 Cr

Historical NAV & returns

NAV: ₹1416.6762 as on Feb 02, 2026

This fund Category average

Kotak Overnight Fund overview

AUM (Fund size)	₹5,952 Cr
Exit load	0%
Lock-in Period	Nil
Age	7 yrs since Jan 10, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.16% as on Feb 01, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.43%	0.42%
3 Months	1.3%	1.18%
6 Months	2.66%	2.54%
1 Year	5.6%	5.46%
2 Years	6.1%	6.03%
3 Years	6.29%	6.23%
4 Years	5.93%	5.89%
5 Years	5.36%	5.33%
7 Years	5.05%	5.06%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 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 96.1286%

SOV 3.87%

Top Debt Holdings

Reserve Bank of India 3.87%

Allocation by Instruments

Reverse Repo 93.0986%

Treasury Bills 3.87%

Repo 3.2%

Other Holdings

Others 3.2%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak Overnight Fund	0.43%	2.66%	5.6%	6.29%	5.36%	N.A.
Mirae Asset Overnight Fund	0.43%	2.67%	5.61%	6.31%	5.4%	3.14%
PGIM India Overnight Fund	0.42%	2.65%	5.59%	6.29%	5.39%	3.21%
Edelweiss Overnight Fund	0.43%	2.65%	5.57%	6.27%	5.35%	3.25%
UTI Overnight Fund	0.43%	2.67%	5.63%	6.32%	5.4%	5.54%
ICICI Prudential Overnight Fund	0.43%	2.66%	5.6%	6.3%	5.37%	3.65%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak Overnight Fund	0.15	0.11	-0.21	-0.46
Mirae Asset Overnight Fund	0.16	0.11	-0.09	-0.19
PGIM India Overnight Fund	0.16	0.12	-0.17	-0.37
Edelweiss Overnight Fund	0.16	0.11	-0.32	-0.69
UTI Overnight Fund	0.15	0.11	0.02	0.04
ICICI Prudential Overnight Fund	0.16	0.11	-0.13	-0.28

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak Overnight Fund	N.A.	5,952 Cr	7 yrs	0.16%
Mirae Asset Overnight Fund	N.A.	1,262 Cr	6 yrs 3 m	0.17%
PGIM India Overnight Fund	N.A.	38 Cr	6 yrs 5 m	0.19%
Edelweiss Overnight Fund	N.A.	146 Cr	6 yrs 6 m	0.16%
UTI Overnight Fund	N.A.	3,760 Cr	22 yrs 2 m	0.11%
ICICI Prudential Overnight Fund	N.A.	10,445 Cr	7 yrs 2 m	0.15%

View all Overnight funds

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

Alpha	0.18 vs. 1.51 Underperformed at beating benchmark
Sharpe	-0.21 vs. 1.7 Poor risk-adjusted returns
Beta	0.11 vs. -0.15 More sensitive to market's ups & downs
Standard deviation	0.15 vs. 0.12 More volatile performance

Compare Kotak Overnight Fund in detail with

About this fund

About Kotak Overnight Fund

Kotak Overnight Fund is a Overnight mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 7 yrs, having been launched on 10/01/2019. Kotak Overnight Fund has ₹5,952 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Kotak Overnight Fund as of 02/02/2026 is ₹1416.68. The fund has an expense ratio of 0.16%, which is close to what most other Overnight funds charge.

Kotak Overnight Fund returns of last 1-year are 5.62%. Since launch, it has delivered 5.06% average annual returns.
Kotak Overnight Fund 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	5,952 Cr as on Dec 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	84 view all schemes
Total AUM	5,88,199 Cr as on Dec 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	1Y	3Y
Kotak FMP Series 304 - 3119 Days	N.A.	119 Cr	6.42%	8.33%
Kotak Medium Term Fund	N.A.	2,015 Cr	8.11%	8.07%
Kotak Income Plus Arbitrage Omni FoF	N.A.	7,870 Cr	6.76%	7.89%
Kotak Floating Rate Fund	N.A.	3,368 Cr	7.79%	7.8%
Kotak Credit Risk Fund	N.A.	707 Cr	8.26%	7.65%
Kotak Nifty SDL Jul 2033 Index Fund	N.A.	190 Cr	5.17%	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 plan is approximately ₹1416.6762 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak Overnight Fund is a 7 yrs old fund and has delivered average annual returns of 5.06% since inception.

Kotak Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
5.6%	6.29%	5.36%	5.06%

How much does this mutual fund charge as expense ratio?

The Kotak Overnight Fund has an expense ratio of 0.16%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 5,952 Cr as on Dec 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	3.87%

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	96.1286%
SOV	3.87%

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 can I redeem my investments in Kotak Overnight Fund?

Redeeming your investments in the Kotak Overnight Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

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.
Return/Risk: The fund is performing poorly than its category.