Kotak Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹4,855.60-0.01%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹4,564.08 — ₹4,856.31
- AUM
- ₹29,764 Cr
Kotak Money Market Fund is a Money Market debt fund from Kotak Mahindra Mutual Fund with ₹29,764 Cr under management, launched in 2003. Over three years it has returned 7.0% a year, against 7.0% for its category. The expense ratio is 0.38% and the SEBI riskometer reading is Moderate.
Performance
Kotak Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +0.4 pts | 6.2% | 6.6% |
| 2Y | 6.8% | +0.1 pts | 6.6% | 6.7% |
| 3Y | 7.0% | 0.0 pts | 7.0% | 6.9% |
| 5Y | 7.0% | +0.7 pts | 6.3% | 6.9% |
| 7Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| 10Y | 6.5% | +0.2 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.5% | 0.0 pts | 3.5% | 3.5% |
| 1Y | 6.4% | +0.1 pts | 6.2% | 6.3% |
| 2Y | 7.0% | +0.2 pts | 6.9% | 7.0% |
| 3Y | 7.2% | +0.2 pts | 7.0% | 7.1% |
| 5Y | 6.6% | +0.2 pts | 6.3% | 6.4% |
| 7Y | 6.2% | +0.2 pts | 6.0% | 5.9% |
| 10Y | 6.5% | +0.2 pts | 6.4% | 6.6% |
Since launch (3 Jul 2003): 7.0%
Calendar-year returns
Category average5.7%
3.7%
4.9%
7.3%
7.6%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.1 pts | 7.5% |
| 2024 | 7.6% | 0.0 pts | 7.6% |
| 2023 | 7.3% | 0.0 pts | 7.3% |
| 2022 | 4.9% | +0.1 pts | 4.7% |
| 2021 | 3.7% | −0.1 pts | 3.8% |
| 2020 | 5.7% | −0.4 pts | 6.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.37%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.32%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- Exit load of 1% if redeemed within 60 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Money Market A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.41 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.48 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.55 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt100.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 3.51% | ₹1,046 Cr | +3.23% | +0.03% | +1.36% |
| Indusind Bank Ltd. | Financial | 2.45% | ₹729 Cr | +2.25% | +2.04% | +0.69% |
| Yes Bank Ltd. | Financial | 2.43% | ₹725 Cr | +2.24% | — | — |
| Punjab National Bank | Financial | 1.63% | ₹487 Cr | +1.50% | +1.40% | +0.68% |
| Indian Overseas Bank | Financial | 1.62% | ₹484 Cr | +1.49% | +1.39% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.60% | ₹476 Cr | +0.90% | +0.06% | +1.08% |
| HDFC Bank Ltd. | Financial | 1.55% | ₹460 Cr | +1.42% | +1.32% | +0.75% |
| Bank Of Baroda | Financial | 1.30% | ₹388 Cr | +1.60% | +1.48% | +1.36% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.30% | ₹387 Cr | +1.19% | +0.44% | +0.40% |
| Punjab & Sind Bank | Financial | 1.30% | ₹387 Cr | +0.60% | +1.11% | +0.68% |
| The Federal Bank Ltd. | Financial | 1.06% | ₹316 Cr | +0.98% | +1.39% | +1.34% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.98% | ₹291 Cr | +0.90% | +0.83% | +0.41% |
| IDBI Bank Ltd. | Financial | 0.97% | ₹289 Cr | +0.89% | +1.46% | +0.48% |
| Canara Bank | Financial | 0.90% | ₹268 Cr | +2.56% | +1.82% | +0.41% |
| AU Small Finance Bank Ltd. Pref. Shares | Financial | 0.82% | ₹243 Cr | +0.75% | +0.70% | — |
| Export-Import Bank Of India | Financial | 0.82% | ₹243 Cr | +0.75% | +0.70% | +0.27% |
| 360 ONE Wealth Ltd. | Financial | 0.81% | ₹241 Cr | +0.74% | +0.69% | +0.27% |
| Aditya Birla Capital Ltd. | Financial | 0.81% | ₹241 Cr | +0.75% | +0.69% | — |
| ICICI Securities Ltd. | Financial | 0.81% | ₹242 Cr | +0.75% | +0.58% | +1.15% |
| Karur Vysya Bank Ltd. | Financial | 0.81% | ₹242 Cr | +0.75% | +0.69% | — |
| AU Small Finance Bank Ltd. | Financial | 0.79% | ₹236 Cr | +0.90% | +0.15% | +0.55% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 0.73% | ₹217 Cr | +0.30% | — | — |
| company:4206 | Communication | 0.73% | ₹218 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.66% | ₹195 Cr | +0.61% | +1.98% | +0.56% |
| Axis Securities Ltd. | Others | 0.65% | ₹194 Cr | +0.60% | +0.56% | — |
| company:5434 | Financial | 0.64% | ₹190 Cr | — | +0.03% | +0.41% |
| ICICI Bank Ltd. | Financial | 0.57% | ₹170 Cr | +0.53% | +0.49% | — |
| CTBC Bank Ltd. | Financial | 0.50% | ₹148 Cr | +0.46% | +0.42% | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.49% | ₹145 Cr | +0.45% | +0.42% | — |
| National Bank For Financing Infrastructure And Development | Financial | 0.49% | ₹145 Cr | +0.45% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.46% | ₹137 Cr | +0.42% | +0.39% | — |
| Angel One Ltd. | Financial | 0.40% | ₹120 Cr | +0.37% | +0.34% | +0.34% |
| IIFL Finance Ltd. | Financial | 0.40% | ₹120 Cr | — | — | +0.67% |
| Bajaj Housing Finance Ltd. | Financial | 0.33% | ₹96.79 Cr | +0.30% | — | +0.67% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.33% | ₹96.85 Cr | +0.30% | +0.29% | +0.55% |
| Hero FinCorp Ltd. | Financial | 0.33% | ₹96.74 Cr | +0.30% | +0.28% | +0.27% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.33% | ₹96.88 Cr | +0.30% | +0.28% | — |
| Union Bank of India | Financial | 0.33% | ₹97.47 Cr | +1.05% | +0.98% | +0.48% |
| Credila Financial Services Ltd. | Financial | 0.32% | ₹96.12 Cr | +0.30% | — | — |
| Muthoot Fincorp Ltd. | Financial | 0.32% | ₹96.00 Cr | +0.30% | +0.27% | +0.39% |
| Nuvama Wealth Management Ltd. | Financial | 0.32% | ₹95.86 Cr | +0.30% | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 0.24% | ₹72.53 Cr | +0.22% | +0.21% | — |
| Nuvama Wealth and Investment Limited | Financial | 0.24% | ₹72.53 Cr | +0.22% | +0.21% | +0.14% |
| Muthoot Finance Ltd. | Financial | 0.16% | ₹48.22 Cr | +0.60% | +0.59% | +0.54% |
| Sundaram Finance Ltd. | Financial | 0.16% | ₹48.39 Cr | +0.45% | — | — |
| Others | Others | 0.10% | ₹15.70 Cr | +0.90% | +0.81% | +0.72% |
| Madhya Pradesh State | Others | 0.05% | ₹15.05 Cr | +0.05% | +0.05% | +0.21% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 2.47% | 0.90% | -1.57% |
| Union Bank of India | 1.12% | 0.33% | -0.79% |
| company:4206 | 0.00% | 0.73% | +0.73% |
| company:5434 | 0.00% | 0.64% | +0.64% |
| Small Industries Devp. Bank of India Ltd. | 0.79% | 1.27% | +0.48% |
| IIFL Finance Ltd. | 0.79% | 0.40% | -0.39% |
| Sundaram Finance Ltd. | 0.48% | 0.16% | -0.32% |
| Axis Bank Ltd. | 0.24% | 0.00% | -0.24% |
| AU Small Finance Bank Ltd. | 0.96% | 0.79% | -0.17% |
| National Bank For Agriculture & Rural Development | 3.43% | 3.51% | +0.08% |
| Indusind Bank Ltd. | 2.39% | 2.45% | +0.06% |
| Yes Bank Ltd. | 2.38% | 2.43% | +0.05% |
| HDFC Bank Ltd. | 1.51% | 1.55% | +0.04% |
| Bank Of Baroda | 1.27% | 1.30% | +0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 1.27% | 1.30% | +0.03% |
| Indian Overseas Bank | 1.59% | 1.62% | +0.03% |
| Motilal Oswal Financial Services Ltd. | 0.95% | 0.98% | +0.03% |
| Punjab & Sind Bank | 1.27% | 1.30% | +0.03% |
| Punjab National Bank | 1.60% | 1.63% | +0.03% |
| 360 ONE Wealth Ltd. | 0.79% | 0.81% | +0.02% |
| Aditya Birla Capital Ltd. | 0.79% | 0.81% | +0.02% |
| CTBC Bank Ltd. | 0.48% | 0.50% | +0.02% |
| ICICI Securities Ltd. | 0.79% | 0.81% | +0.02% |
| IDBI Bank Ltd. | 0.95% | 0.97% | +0.02% |
| Karur Vysya Bank Ltd. | 0.79% | 0.81% | +0.02% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 0.71% | 0.73% | +0.02% |
| Reserve Bank of India | 0.64% | 0.66% | +0.02% |
| The Federal Bank Ltd. | 1.04% | 1.06% | +0.02% |
| Gujarat State | 0.02% | 0.00% | -0.02% |
| AU Small Finance Bank Ltd. Pref. Shares | 0.80% | 0.82% | +0.02% |
| Export-Import Bank Of India | 0.80% | 0.82% | +0.02% |
| Aditya Birla Housing Finance Ltd. | 0.48% | 0.49% | +0.01% |
| Angel One Ltd. | 0.39% | 0.40% | +0.01% |
| Axis Securities Ltd. | 0.64% | 0.65% | +0.01% |
| Bajaj Housing Finance Ltd. | 0.32% | 0.33% | +0.01% |
| Birla Group Holdings Pvt. Ltd. | 0.32% | 0.33% | +0.01% |
| Hero FinCorp Ltd. | 0.32% | 0.33% | +0.01% |
| Muthoot Fincorp Ltd. | 0.31% | 0.32% | +0.01% |
| National Bank For Financing Infrastructure And Development | 0.48% | 0.49% | +0.01% |
| Nuvama Wealth Management Ltd. | 0.31% | 0.32% | +0.01% |
| Others | 0.31% | 0.32% | +0.01% |
| Pilani Investment And Industries Corporation Ltd. | 0.32% | 0.33% | +0.01% |
| Torrent Pharmaceuticals Ltd. | 0.45% | 0.46% | +0.01% |
| ICICI Bank Ltd. | 0.56% | 0.57% | +0.01% |
| Credila Financial Services Ltd. | 0.32% | 0.32% | 0.00% |
| Madhya Pradesh State | 0.05% | 0.05% | 0.00% |
| Muthoot Finance Ltd. | 0.16% | 0.16% | 0.00% |
| Nuvama Wealth Finance Ltd. | 0.24% | 0.24% | 0.00% |
| Nuvama Wealth and Investment Limited | 0.24% | 0.24% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,840 Cr | 0.33% | 6.7% | 7.0% | 7.0% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.7% | 7.0% | 7.0% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.7% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.7% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate returns by investing in money market instruments having maturity upto 1 year.
Fund managers
- Deepak AgrawalMr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.He has been associated with Kotak AMC since 2002.
- Manu SharmaMr. Sharma has done M.Com and CA.He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.53% absolute | ₹60,000 | ₹62,118 | 3.53% | |
| 1 year6.37% annualised | ₹1,20,000 | ₹1,24,222 | 3.52% | |
| 3 years7.23% annualised | ₹3,60,000 | ₹4,03,097 | 11.97% | |
| 5 years6.58% annualised | ₹6,00,000 | ₹7,12,083 | 18.68% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Kotak Money Market Fund?
The NAV of Kotak Money Market Fund is ₹4,855.60 as on 25 Sep 2026.
What is the expense ratio of Kotak Money Market Fund?
The expense ratio of Kotak Money Market Fund is 0.38% per year.
What is the minimum SIP amount for Kotak Money Market Fund?
You can start a SIP in Kotak Money Market Fund with ₹3,000 a month.
What returns has Kotak Money Market Fund given?
Kotak Money Market Fund has returned 6.7% over 1 year, 7.0% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Money Market Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 60 days.
How risky is Kotak Money Market Fund?
Kotak Money Market Fund is rated Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages Kotak Money Market Fund?
Kotak Money Market Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.