Kotak Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,888.06+0.07%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹4,597.59 — ₹4,884.62
- AUM
- ₹27,061 Cr
Kotak Money Market Fund is a Money Market debt fund from Kotak Mahindra Mutual Fund with ₹27,061 Cr under management, launched in 2003. Over three years it has returned 6.8% a year, against 7.0% for its category. The expense ratio is 0.37% 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 +6.2% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.2 pts | 6.2% | 6.3% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.5% |
| 3Y | 6.8% | −0.1 pts | 7.0% | 6.8% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.6% | +0.1 pts | 6.4% | 6.4% |
| 10Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.3% | 0.0 pts | 3.3% | 3.3% |
| 1Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 2Y | 6.9% | +0.2 pts | 6.7% | 6.8% |
| 3Y | 7.2% | +0.2 pts | 7.0% | 7.0% |
| 5Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| 7Y | 6.1% | +0.1 pts | 6.0% | 5.9% |
| 10Y | 6.5% | +0.2 pts | 6.3% | 6.5% |
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 3 Nov 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 | 2.36 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.42 | 3.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.57 | 0.56 | 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 30 Sep 2026
Asset allocation
- Debt99.9%
- Other0.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 3.82% | ₹1,051 Cr | +3.59% | +3.14% | +1.48% |
| Indusind Bank Ltd. | Financial | 2.66% | ₹733 Cr | +2.50% | +0.46% | +1.78% |
| Yes Bank Ltd. | Financial | 2.64% | ₹728 Cr | +2.49% | +2.17% | — |
| Punjab National Bank | Financial | 1.78% | ₹489 Cr | +1.67% | +1.46% | +0.74% |
| HDFC Bank Ltd. | Financial | 1.77% | ₹487 Cr | +1.58% | +1.38% | +0.82% |
| Indian Overseas Bank | Financial | 1.77% | ₹486 Cr | +1.66% | +1.45% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.74% | ₹478 Cr | +1.00% | +0.29% | +1.18% |
| Bank Of Baroda | Financial | 1.42% | ₹390 Cr | +1.33% | +1.55% | +1.49% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.41% | ₹389 Cr | +1.33% | +0.46% | +0.44% |
| Punjab & Sind Bank | Financial | 1.41% | ₹389 Cr | +1.33% | +1.16% | +0.75% |
| The Federal Bank Ltd. | Financial | 1.16% | ₹318 Cr | +1.09% | +0.15% | +1.46% |
| ICICI Securities Ltd. | Financial | 1.06% | ₹292 Cr | +0.83% | +0.61% | +2.00% |
| IDBI Bank Ltd. | Financial | 1.06% | ₹291 Cr | +0.99% | +0.76% | +0.52% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.06% | ₹293 Cr | +1.00% | +0.87% | +0.44% |
| Others | Others | 1.06% | ₹281 Cr | +0.99% | +0.86% | +0.81% |
| AU Small Finance Bank Ltd. Pref. Shares | Financial | 0.89% | ₹244 Cr | +0.83% | +0.73% | — |
| Export-Import Bank Of India | Financial | 0.89% | ₹245 Cr | +0.84% | +0.73% | +0.30% |
| 360 ONE Wealth Ltd. | Financial | 0.88% | ₹242 Cr | +0.83% | +0.72% | +0.29% |
| Aditya Birla Capital Ltd. | Financial | 0.88% | ₹243 Cr | +0.83% | +0.72% | — |
| Karur Vysya Bank Ltd. | Financial | 0.88% | ₹243 Cr | +0.83% | +0.73% | — |
| AU Small Finance Bank Ltd. | Financial | 0.86% | ₹237 Cr | +1.00% | +0.88% | +0.60% |
| Tata Communications Ltd. | Communication | 0.80% | ₹219 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 0.79% | ₹218 Cr | +0.75% | — | — |
| Axis Securities Ltd. | Others | 0.71% | ₹195 Cr | +0.67% | +0.58% | — |
| Indian Bank | Financial | 0.69% | ₹191 Cr | — | — | +0.44% |
| ICICI Bank Ltd. | Financial | 0.59% | ₹161 Cr | +0.58% | +0.51% | — |
| Aditya Birla Housing Finance Ltd. | Financial | 0.53% | ₹146 Cr | +0.50% | +0.44% | — |
| National Bank For Financing Infrastructure And Development | Financial | 0.53% | ₹146 Cr | +0.50% | +0.43% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.50% | ₹138 Cr | +0.47% | +0.41% | — |
| Reserve Bank of India | Financial | 0.45% | ₹124 Cr | +0.67% | +0.77% | +1.50% |
| Angel One Ltd. | Financial | 0.44% | ₹121 Cr | +0.41% | +0.36% | +0.37% |
| IIFL Finance Ltd. | Financial | 0.44% | ₹121 Cr | +0.82% | — | +0.74% |
| Union Bank of India | Financial | 0.44% | ₹122 Cr | +1.17% | +0.15% | +0.52% |
| Bajaj Housing Finance Ltd. | Financial | 0.35% | ₹97.32 Cr | +0.33% | — | +0.73% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.35% | ₹97.43 Cr | +0.33% | +0.31% | +0.60% |
| Credila Financial Services Ltd. | Financial | 0.35% | ₹96.73 Cr | +0.33% | +0.29% | — |
| Hero FinCorp Ltd. | Financial | 0.35% | ₹97.36 Cr | +0.33% | +0.29% | +0.30% |
| Muthoot Fincorp Ltd. | Financial | 0.35% | ₹96.62 Cr | +0.33% | +0.29% | +0.43% |
| Nuvama Wealth Management Ltd. | Financial | 0.35% | ₹96.44 Cr | +0.33% | +0.29% | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.35% | ₹97.45 Cr | +0.33% | +0.29% | — |
| Nuvama Wealth Finance Ltd. | Financial | 0.27% | ₹73.00 Cr | +0.25% | +0.22% | — |
| Nuvama Wealth and Investment Limited | Financial | 0.27% | ₹73.00 Cr | +0.25% | +0.22% | +0.15% |
| Muthoot Finance Ltd. | Financial | 0.18% | ₹48.53 Cr | +0.17% | +0.58% | +0.59% |
| Canara Bank | Financial | 0.09% | ₹24.46 Cr | +2.59% | +1.90% | +0.52% |
| Madhya Pradesh State | Others | 0.05% | ₹15.02 Cr | +0.05% | +0.05% | +0.23% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 0.90% | 0.09% | -0.81% |
| Others | 0.32% | -0.18% | -0.50% |
| company:16209 | 0.50% | 0.00% | -0.50% |
| National Bank For Agriculture & Rural Development | 3.51% | 3.82% | +0.31% |
| ICICI Securities Ltd. | 0.81% | 1.06% | +0.25% |
| HDFC Bank Ltd. | 1.55% | 1.77% | +0.22% |
| Reserve Bank of India | 0.66% | 0.45% | -0.21% |
| Indusind Bank Ltd. | 2.45% | 2.66% | +0.21% |
| Yes Bank Ltd. | 2.43% | 2.64% | +0.21% |
| company:5085 | 0.16% | 0.00% | -0.16% |
| Punjab National Bank | 1.63% | 1.78% | +0.15% |
| Indian Overseas Bank | 1.62% | 1.77% | +0.15% |
| Bank Of Baroda | 1.30% | 1.42% | +0.12% |
| Union Bank of India | 0.33% | 0.44% | +0.11% |
| Cholamandalam Investment and Finance Company Ltd. | 1.30% | 1.41% | +0.11% |
| Punjab & Sind Bank | 1.30% | 1.41% | +0.11% |
| Small Industries Devp. Bank of India Ltd. | 1.27% | 1.38% | +0.11% |
| The Federal Bank Ltd. | 1.06% | 1.16% | +0.10% |
| IDBI Bank Ltd. | 0.97% | 1.06% | +0.09% |
| Motilal Oswal Financial Services Ltd. | 0.98% | 1.06% | +0.08% |
| AU Small Finance Bank Ltd. Pref. Shares | 0.82% | 0.89% | +0.07% |
| Export-Import Bank Of India | 0.82% | 0.89% | +0.07% |
| Tata Communications Ltd. | 0.73% | 0.80% | +0.07% |
| 360 ONE Wealth Ltd. | 0.81% | 0.88% | +0.07% |
| AU Small Finance Bank Ltd. | 0.79% | 0.86% | +0.07% |
| Aditya Birla Capital Ltd. | 0.81% | 0.88% | +0.07% |
| Karur Vysya Bank Ltd. | 0.81% | 0.88% | +0.07% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 0.73% | 0.79% | +0.06% |
| Axis Securities Ltd. | 0.65% | 0.71% | +0.06% |
| Indian Bank | 0.64% | 0.69% | +0.05% |
| Aditya Birla Housing Finance Ltd. | 0.49% | 0.53% | +0.04% |
| National Bank For Financing Infrastructure And Development | 0.49% | 0.53% | +0.04% |
| Angel One Ltd. | 0.40% | 0.44% | +0.04% |
| IIFL Finance Ltd. | 0.40% | 0.44% | +0.04% |
| Torrent Pharmaceuticals Ltd. | 0.46% | 0.50% | +0.04% |
| Nuvama Wealth Finance Ltd. | 0.24% | 0.27% | +0.03% |
| Nuvama Wealth and Investment Limited | 0.24% | 0.27% | +0.03% |
| Credila Financial Services Ltd. | 0.32% | 0.35% | +0.03% |
| Muthoot Fincorp Ltd. | 0.32% | 0.35% | +0.03% |
| Nuvama Wealth Management Ltd. | 0.32% | 0.35% | +0.03% |
| ICICI Bank Ltd. | 0.57% | 0.59% | +0.02% |
| Muthoot Finance Ltd. | 0.16% | 0.18% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.33% | 0.35% | +0.02% |
| Birla Group Holdings Pvt. Ltd. | 0.33% | 0.35% | +0.02% |
| Hero FinCorp Ltd. | 0.33% | 0.35% | +0.02% |
| Pilani Investment And Industries Corporation Ltd. | 0.33% | 0.35% | +0.02% |
| Madhya Pradesh State | 0.05% | 0.05% | 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 | ₹13,857 Cr | 0.34% | 6.5% | 6.8% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹25,875 Cr | 0.37% | 6.5% | 6.9% | 7.0% |
 Axis Money Market Fund | ₹19,507 Cr | 0.36% | 6.5% | 6.9% | 7.0% |
 UTI Money Market Fund | ₹16,039 Cr | 0.29% | 6.5% | 6.9% | 7.0% |
 LIC MF Money Market Fund | ₹3,979 Cr | 0.38% | 6.4% | 6.4% | — |
 Franklin India Money Market Fund | ₹3,887 Cr | 0.30% | 6.5% | 6.9% | 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 months3.29% absolute | ₹60,000 | ₹61,974 | 3.29% | |
| 1 year6.27% annualised | ₹1,20,000 | ₹1,24,155 | 3.46% | |
| 3 years7.17% annualised | ₹3,60,000 | ₹4,02,714 | 11.87% | |
| 5 years6.64% annualised | ₹6,00,000 | ₹7,13,222 | 18.87% |
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 ₹4,888.06 as on 9 Nov 2026.
What is the expense ratio of Kotak Money Market Fund?
The expense ratio of Kotak Money Market Fund is 0.37% 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 6.4% over 1 year, 6.8% 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 97 schemes with ₹6,34,000 Cr under management.