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
₹4115.49
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
money market
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
money market
debt
7.52%p.a.
Last 1Y
5.77%p.a.
Last 3Y
5.88%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 17,638.33 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Kotak Money Market Growth delivered 7.5% 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
India (Republic of)
2.76%
Union Bank of India
2.66%
182 DTB 22082024
2.49%
India (Republic of)
2.15%
Indusind Bank Ltd.
2.14%
ICICI Bank Ltd.
2.14%
05.80 MH Sdl 2025
1.40%
182 DTB 29082024
1.38%
Indusind Bank Ltd.
1.33%
IDFC First Bank Ltd.
1.33%
Fund Managers
- Deepak Agrawal (Nov 2006 - Present)
- Manu Sharma (Nov 2022 - Present)
- Palha Khanna (Jul 2023 - Present)
Key Information
View Scheme Document
Kotak Money Market Growth SIP Calculator
If invested
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 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 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
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Frequently Asked Questions
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