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
₹1323.56
0.02%
NAV as on 19 Nov 24, 12:00 AM
low risk
overnight
liquid
NAV as on 19 Nov 24, 12:00 AM
low risk
overnight
liquid
6.64%p.a.
Last 1Y
5.81%p.a.
Last 3Y
4.78%p.a.
Last 5Y
4.90%p.a.
Since Inception
About Kotak Overnight Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Overnight Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Jan 2019, Kotak Overnight Growth is Overnight fund of its category with 7,130.71 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- Kotak Overnight Growth delivered 6.6% annual returns during the last year. It has delivered 4.9% average annual returns since the fund was launched.
- Kotak Overnight Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund 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).
Top 7 Holdings
The Clearing Corporation Of India Limited
63.44%
Triparty Repo
33.68%
91 DTB 21112024
1.40%
91 DTB 07112024
1.05%
182 DTB 28112024
1.05%
Net Current Assets/(Liabilities)
0.97%
182 DTB 07112024
0.35%
Fund Managers
- Deepak Agrawal (Jan 2019 - Present)
Key Information
View Scheme Document
Kotak Overnight Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak Overnight 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 Overnight 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 Overnight 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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