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Kotak Overnight Fund - Direct Plan - Daily Reinvestment of Income Distribution cum capital withdrawal option

Kotak Mahindra Mutual FundOvernight FundsDirect · IDCW (income distribution)Riskometer: Low Risk
NAV · 15 Oct 2026₹1,003.61▲ 0.00% (1 day)
Fund size (AUM) ₹7,935 Cr
Expense ratio 0.09%
1Y return0.00%
3Y return (CAGR)0.00%
5Y return (CAGR)0.00%
Since launch (CAGR)0.00%
Category rank (3Y) —
Volatility (3Y) 0.09%
Sharpe ratio (3Y) -70.87
Beta (3Y) —
52-week range₹1,003.61 – ₹1,003.89
Min. SIP / lump sum— / ₹1,000
Launched5 Feb 2019
Lock-inNone
Portfolio turnover —
Max drawdown -0.1%

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned 0.0% a year.
  • Volatility over 3 years was 0.1% a year, with a Sharpe ratio of -70.87.
  • Its biggest fall from a peak was 0.1% (31 Mar 2025 to 1 Apr 2025).
  • Across all 3-year periods since launch, yearly returns ranged from 0.0% to 0.0% and were positive 1% of the time.
  • Expense ratio 0.09%, fund size ₹7,935 crore.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%—0.00%

Point-to-point NAV returns as on 15 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Overnight Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD202520242023202220212020
This fund0.00%0.00%0.00%0.00%0.00%0.00%0.00%

January to December each year; the current year is to date.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?0.09%0.07%
Sharpe ratio ?-70.87-90.02
Sortino ratio ?-15.51-15.64
Maximum drawdown-0.06%-0.06%

Rolling 3-year returns (yearly)

Lowest0.00%
Median0.00%
Highest+0.01%
Positive1% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest0.00%
Median0.00%
Highest+0.01%
Positive1% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,20,000₹00.00%
3Y₹3,60,000₹3,59,995₹-50.00%
5Y₹6,00,000₹5,99,995₹-50.00%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

Compare with all Overnight Funds (40)

About Overnight Funds
Scheme (Direct plans, Growth)NAV1M6M1Y3Y5Y
360 ONE Overnight Fund - Direct Plan - GROWTH Option360 ONE Mutual Fund₹1,068.40—————
ADITYA BIRLA SUN LIFE OVERNIGHT FUND - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹1,497.26—————
Axis Overnight Fund - Direct Plan - Growth OptionAxis Mutual Fund₹1,465.64—————
Bajaj Finserv Overnight Fund - Direct Plan - GrowthBajaj Finserv Mutual Fund₹1,215.15—————
BANDHAN Overnight Fund - Direct Plan - GrowthBandhan Mutual Fund₹1,476.51—————
BANK OF INDIA OVERNIGHT FUND - Direct Plan - GrowthBank of India Mutual Fund₹1,408.60—————
Baroda BNP Paribas Overnight Fund - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹1,454.35—————
Canara Robeco Overnight Fund - Direct Plan - GROWTH OPTIONCanara Robeco Mutual Fund₹1,429.00—————
Choice Overnight Fund - Direct Plan - GrowthChoice Mutual Fund₹101.4351—————
DSP Overnight Fund - Direct Plan - GrowthDSP Mutual Fund₹1,482.94—————
Edelweiss Overnight Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹1,432.11—————
Franklin India Overnight Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹1,444.44—————
Groww Overnight Fund - Direct Plan - GrowthGroww Mutual Fund₹1,425.63—————
HDFC Overnight Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹4,103.41—————
Helios Overnight Fund - Direct Plan - GrowthHelios Mutual Fund₹1,186.68—————
HSBC Overnight Fund - Direct Plan - GrowthHSBC Mutual Fund₹1,448.74—————
ICICI Prudential Overnight Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹1,491.81—————
Invesco India Overnight Fund - Direct Plan - GrowthInvesco Mutual Fund₹1,398.88—————
ITI Overnight Fund - Direct Plan - Growth OptionITI Mutual Fund₹1,399.23—————
JioBlackRock Overnight Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹1,069.08—————
JM Overnight Fund - Direct Plan - Growth OptionJM Financial Mutual Fund₹1,402.02—————
Kotak Overnight Fund - Direct Plan - GrowthKotak Mahindra Mutual Fund₹1,477.15—————
LAKSHYA OVERNIGHT FUND - Direct Plan - GROWTHLakshya Mutual Fund₹1,003.73—————
LIC MF Overnight Fund - Direct Plan - GrowthLIC Mutual Fund₹1,435.12—————
Mahindra Manulife Overnight Fund - Direct Plan - GrowthMahindra Manulife Mutual Fund₹1,432.75—————
Mirae Asset Overnight Fund - Direct Plan - GrowthMirae Asset Mutual Fund₹1,419.81—————
Monarch Overnight Fund - Direct Plan - GrowthMonarch Mutual Fund₹1,005.16—————
Nippon India Overnight Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹148.7309—————
NJ Overnight Fund - Direct Plan - Growth OptionNJ Mutual Fund₹1,281.05—————
PGIM India Overnight Fund - Direct Plan - Direct GrowthPGIM India Mutual Fund₹1,426.42—————
quant Overnight Fund - Direct Plan - Growth Optionquant Mutual Fund₹12.6410—————
Samco Overnight Fund - Direct Plan - GrowthSamco Mutual Fund₹1,262.64—————
SBI OVERNIGHT FUND - Direct Plan - GrowthSBI Mutual Fund₹4,501.01—————
Shriram Overnight Fund - Direct Plan - GrowthShriram Mutual Fund₹1,278.39—————
Sundaram Overnight Fund - Direct Plan - GROWTHSundaram Mutual Fund₹1,470.30—————
Tata Overnight Fund - Direct Plan - Growth OptionTata Mutual Fund₹1,461.72—————
TRUSTMF Overnight Fund - Direct Plan - GrowthTrust Mutual Fund₹1,308.46—————
Union Overnight Fund - Direct Plan - Growth OptionUnion Mutual Fund₹1,457.35—————
UTI - Overnight Fund - Direct Plan - GrowthUTI Mutual Fund₹3,789.53—————
Zerodha Overnight Fund - Direct Plan - Growth OptionZerodha Mutual Fund₹10.8290—————

Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).

Scheme details

Investment objective
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).
Fund managers
Deepak Agrawal, Sunil Pandey
Fund house
Kotak Mahindra Mutual Fund
Category
Overnight Funds · Debt
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
146140
ISIN
INF174KA1BE2
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Overnight Funds

Overnight Funds invest in securities that mature the next day. They carry very low interest-rate and credit risk.

Generally used by parking money for a few days with very low risk.

Other plans of this scheme

Questions about this scheme

What is the NAV of Kotak Overnight Fund today?
The latest NAV of Kotak Overnight Fund - Direct Plan - Daily Reinvestment of Income Distribution cum capital withdrawal option is ₹1,003.61 as on 15 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Kotak Overnight Fund given?
As on 15 Oct 2026: 1 year 0.00%, 3 years 0.00% a year, 5 years 0.00% a year. Past returns may or may not be sustained in future.
What is the expense ratio of Kotak Overnight Fund?
The expense ratio of the Direct plan is 0.09% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low Risk. Over 3 years its volatility was 0.1% a year and its biggest fall from a peak was 0.1%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Overnight Funds?
Overnight Funds invest in securities that mature the next day. They carry very low interest-rate and credit risk.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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