NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Money Market Growth for NRI [4135.23]

Min Investment

100

Fund Size

19,600.89 Cr

Expense Ratio

0.4%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

4135.23

0.04%

NAV as on 26 May 24, 12:00 AM

moderate risk

money market

debt

NAV as on 26 May 24, 12:00 AM

moderate risk

money market

debt

7.44%p.a.

Last 1Y

5.86%p.a.

Last 3Y

5.85%p.a.

Last 5Y

7.04%p.a.

Since Inception

About Kotak Money Market Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Money Market Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jul 2003, Kotak Money Market Growth is Money Market fund of its category with 19,600.89 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.

  • Kotak Money Market Growth delivered 7.4% annual returns during the last year. It has delivered 7.0% average annual returns since the fund was launched.
  • Kotak Money Market Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the Scheme is to generate returns by investing in money market instruments having maturity upto 1 year.There is no assurance that the investment objective of the Scheme will be realised.

Top 10 Holdings

7.14% Govt Stock 2024

2.93%

India (Republic of)

2.50%

Union Bank of India

2.41%

India (Republic of)

1.94%

Indusind Bank Ltd.

1.94%

ICICI Bank Ltd.

1.94%

Axis Bank Ltd.

1.94%

182 DTB 22082024

1.75%

05.80 MH Sdl 2025

1.26%

182 DTB 29082024

1.25%

Fund Managers

  1. Deepak Agrawal (Nov 2006 - Present)
  2. Manu Sharma (Nov 2022 - Present)
  3. Palha Khanna (Jul 2023 - Present)

Key Information

View Scheme Document

Kotak Money Market Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Kotak Money Market Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Money Market Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Kotak Money Market Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions