NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1052.09
0.00%
NAV as on 22 Jul 26, 12:00 AM
risk
money market fund
debt
NAV as on 22 Jul 26, 12:00 AM
risk
money market fund
debt
6.13%p.a.
Last 1Y
7.21%p.a.
Last 3Y
6.47%p.a.
Last 5Y
7.04%p.a.
Since Inception
About Kotak Money Market Fund -IDCW Monthly for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Money Market Fund -IDCW Monthly scheme from Kotak Mahindra Asset Management Company Limited. It is a Money Market Fund mutual fund scheme that predominantly invests in Money Market Fund stocks of companies. Launched on Jul 2003, Kotak Money Market Fund -IDCW Monthly is Money Market Fund fund of its category with 28,761.79 Cr fund under management as on Jul 2026. The expense ratio of this fund is less than that of most other Fund category Money Market Fund funds.
- Kotak Money Market Fund -IDCW Monthly delivered 6.1% annual returns during the last year. It has delivered 7.0% average annual returns since the fund was launched.
- Kotak Money Market Fund -IDCW Monthly 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.
Top 10 Holdings
Repo
2.03%
Net Payables
-6.45%
Tamilnadu State 8.24 09/09/2025
0.32%
Maharashtra State 8.16 23/09/2025
0.04%
Gujarat State 7.96 14/10/2025
0.15%
Tamilnadu State 7.97 14/10/2025
0.05%
Maharashtra State 8.29 26/08/2025
0.02%
Tamilnadu State 8.29 26/08/2025
0.01%
Madhya Pradesh State SDL 8.39 27/01/2026
0.23%
Haryana State SDL 8.38 27/01/2026
0.16%
Fund Managers
- Deepak Agrawal (Nov 2006 - Present)
- Manu Sharma (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Money Market Fund -IDCW Monthly SIP Calculator
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For a period of
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NRI Mutual Fund Tax on Kotak Money Market Fund -IDCW Monthly
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Kotak Money Market Fund -IDCW Monthly?
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 Fund -IDCW Monthly
- 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
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