Investment Objective and Approach

The primary objective of the Scheme is 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). The fund follows a conservative investment strategy designed for capital preservation with modest returns.

An open ended debt scheme investing in overnight securities with relatively low interest rate risk and relatively low credit risk. Kotak Overnight Fund - Regular Plan is mandated to invest in bonds having a maturity of just one day.

The fund maintains high liquidity by investing primarily in overnight securities, making it suitable for investors seeking parking space for surplus funds with returns marginally higher than savings accounts. As of 28-Feb-2025, Kotak Overnight Fund - Regular Plan had invested 98.33% in Cash & Cash Eq. and 1.67% in Debt.

Fund Managers

Deepak Agrawal is the Current Fund Manager of Kotak Overnight Fund Direct Growth fund. Deepak Agarwal is a Chartered Account and Company Secretary while also holding a post-graduation degree in Commerce. He became part of the fund management team of KMAMC in November 2006. Prior to that, he was in the research and dealing department where he joined back in December 2002.

Mr. Deepak Agrawal has been managing the fund since 15/01/2019, bringing extensive experience in debt market management. The fund also has Sunil Pandey as co-fund manager, ensuring robust portfolio management expertise.

About the Fund House (AMC)

Kotak Mahindra Asset Management Company Limited (KMAMC) is a public limited company registered under the Companies Act, 1956 on August 2, 1994. The company is the asset manager of Kotak Mahindra Mutual Fund (KMMF) and a wholly and a subsidiary of Kotak Mahindra Bank Limited (KMBL).

Kotak Mutual Fund began its operations back in December 1998. It was the first AMC to offer a dedicated gilt fund for investing solely in Government securities. As of 31st March 2024, the asset under management of Kotak AMC is more than 3.81 lakh crores. KMAMC has 86 branches spread over 82 cities in India and has 25.9 lakh unique investors.

Currently, the company offers around 261 schemes catering to the variable risk appetite of investors. It primarily invests in AAA and AA rated companies and possesses a substantial value of assets under management (AuM).

Should I Invest in Kotak Overnight Fund?

Kotak Overnight Fund is suitable for conservative investors seeking:

Ideal For:

- Short-term surplus fund parking (1-3 months)

- Emergency fund allocation requiring high liquidity

- Investors with extremely low risk tolerance

- Corporate treasury management

- First-time mutual fund investors wanting to understand debt fund mechanics

Key Investment Metrics (As of August 2025):

- AUM of ₹9,041.36 Crores and the latest NAV decalared is ₹1390.332 as on 14 Aug 2025

- The Expense Ratio of Kotak Overnight Fund is 0.16%

- It has delivered 5.01% returns since inception. Kotak Overnight Fund - Regular Plan is 6 years 2 months old

- Over the past five years, Kotak Overnight Fund - Direct Plan has delivered an annualised return of 5.23% as of 14-Aug-2025

Consider Alternatives If:

- You have investment horizon longer than 6 months

- You seek wealth creation rather than capital preservation

- You can tolerate moderate risk for potentially higher returns

- Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run

The fund offers stability and liquidity but with limited return potential, making it more suitable as a temporary parking avenue rather than a long-term investment option.

FAQs

What is today's NAV of Kotak Overnight Fund?

The latest declared NAV of Kotak Overnight Fund - Direct Plan, is ₹1,390.3315 as of 14-Aug-2025. NAV changes daily based on the underlying portfolio performance.

What is the AUM of Kotak Overnight Fund?

It has an AUM of ₹9,041.36 Crores as on 14 Aug 2025. The substantial AUM reflects strong investor confidence and fund stability.

What is the expense ratio of Kotak Overnight Fund?

The expense ratio of Kotak Overnight Fund - Regular Plan is 0.16. This is relatively low for debt funds, making it cost-effective for investors.

What are the returns of Kotak Overnight Fund since inception?

It has delivered 5.01% returns since inception. Scheme Inception date is 15/01/2019, providing consistent modest returns over its operational period.

What is the minimum SIP amount to invest in Kotak Overnight Fund?

You can start investing in Kotak Overnight Fund Regular Growth with a SIP of ₹100 or a Lumpsum investment of ₹100. This makes it accessible for small investors.

How do I invest in Kotak Overnight Fund?

You can invest in Kotak Overnight Fund through Allvest platform online. Complete KYC, select the fund, choose investment amount, and make payment through available modes.

How to start a SIP in Kotak Overnight Fund?

Visit Allvest platform, complete registration and KYC, search for Kotak Overnight Fund, select SIP option, set monthly amount and duration, then authorize payment mandate.

How do I automate an SIP in Kotak Overnight Fund?

Set up auto-debit mandate during SIP registration on Allvest platform. Choose bank account, authorize ECS/NACH mandate for automatic monthly deductions without manual intervention.

How can I withdraw/redeem my investment in Kotak Overnight Fund?

No, There is no lock in period in Kotak Overnight Fund - Regular Plan. Log into Allvest account, select fund holdings, choose redemption amount, and submit request for next-day settlement.