Kotak Overnight Fund is an Overnight fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹7,935 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.0% a year and its Regular plan returned 5.9% a year. Its benchmark, Nifty 1D Rate Index TRI, returned 6.0% a year over the same 3 years.
NAV (Direct plan)
₹1,480.57
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹1,469.98
▲ 0.02% · 30-10-2026
Expense ratio
0.09%Direct0.20%Regular
0.09%
A year
Riskometer
Low
Set by the fund house
3 year return
6.0%Direct5.9%Regular
6.0%
A year
Kotak Overnight Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹1,480.57 (up 0.02% that day); Regular Plan Growth ₹1,469.98 (up 0.02% that day).
This fund (Direct plan)
₹1,480.5742
Kotak Overnight Fund Returns vs Nifty 1D Rate Index TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.45%
+1.29%
+2.60%
+5.27%
+6.03%
+5.78%
--
This fund (Regular)
+0.44%
+1.27%
+2.55%
+5.17%
+5.93%
+5.67%
--
Nifty 1D Rate Index TRI
+0.45%
+1.30%
+2.61%
+5.25%
+6.02%
+5.80%
+5.40%
Overnight average
+0.45%
+1.28%
+2.59%
+5.22%
+5.99%
+5.75%
--
Best in Overnight
+0.47%
+1.33%
+2.79%
+5.48%
+6.16%
+5.89%
--
Worst in Overnight
+0.43%
+1.21%
+2.46%
+4.96%
+5.78%
+5.57%
--
Rank in Overnight
4/40
13/38
11/36
8/36
6/33
6/27
--
Category rows compare the Direct plans of 40 Overnight funds. Rank 1 is the highest return.
Kotak Overnight Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 1D Rate Index TRI
2026to date
+4.34%
+4.25%
+4.31%
2025
+5.83%
+5.74%
+5.81%
2024
+6.72%
+6.63%
+6.79%
2023
+6.71%
+6.59%
+6.74%
2022
+4.71%
+4.59%
+4.76%
2021
+3.18%
+3.07%
+3.28%
Kotak Overnight Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,588 periods, one for each trading day from 16-01-2022 to 30-10-2026.
0%2%4%6%8%
Kotak Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Jun 2019 to Jun 2022Mar 2020 to Mar 2023Jan 2021 to Jan 2024Nov 2021 to Nov 2024Sept 2022 to Sept 2025Jun 2023 to Jun 2026
Kotak Overnight Fund (Direct)Nifty 1D Rate Index TRI
0%
0%
Below 0%
40%
39%
0-5%
60%
61%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,192
5.4%
3.0%
6.9%
0%
5.4%
25%
2 years
1,889
5.7%
3.1%
6.7%
0%
5.7%
15%
3 years
1,588
5.6%
3.6%
6.5%
0%
5.7%
6%
5 years
976
5.2%
4.7%
5.8%
0%
5.2%
0%
7 years
283
5.1%
5.1%
5.2%
0%
5.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
82
5.3%
3.0%
6.8%
0%
5.3%
24%
2 years
70
5.6%
3.2%
6.7%
0%
5.6%
16%
3 years
58
5.8%
3.4%
6.6%
0%
5.9%
14%
5 years
34
5.9%
5.0%
6.0%
0%
5.9%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 1D Rate Index TRI over the same days. Past returns do not promise future returns.
Kotak Overnight Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.27%
+5.25%
Standard deviation
0.04%
0.20%
Sharpe ratio
0.73
0.00
Sortino ratio
2.74
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.01
1.00
Alpha
+0.03%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+6.03%
+6.02%
Standard deviation
0.10%
0.23%
Sharpe ratio
0.03
0.00
Sortino ratio
0.08
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
+0.00%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.78%
+5.80%
Standard deviation
0.12%
0.23%
Sharpe ratio
-0.17
0.00
Sortino ratio
-0.39
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.02%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.16%
+5.21%
Standard deviation
0.12%
0.22%
Sharpe ratio
-0.33
0.00
Sortino ratio
-0.63
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.04%
0.00%
From daily NAVs, 16-01-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
0%0.1%
Kotak Overnight Fund (Direct)
Nifty 1D Rate Index TRI
2020202120222023202420252026
Kotak Overnight Fund (Direct)Nifty 1D Rate Index TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak Overnight Fund (Direct)
0.0%
--
--
--
--
0.0%
Nifty 1D Rate Index TRI
0.0%
--
--
--
--
0.0%
From the Direct plan's daily NAV since 16-01-2019, adjusted for unit splits, and Nifty 1D Rate Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Kotak Overnight Fund vs Other Overnight Funds
The five Overnight funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Kotak Overnight Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Overnight median
Cost rank (1 = cheapest)
Direct
0.06%
0.00%
0.01%
0.01%
0.09%
0.11%
9/40
Regular
0.16%
0.00%
0.01%
0.02%
0.20%
0.18%
22/39
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Overnight funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
5.17%
5.27%
0.10%
₹1,05,170
₹1,05,270
3 years
5.93%
6.03%
0.10% a year
₹1,18,866
₹1,19,203
5 years
5.67%
5.78%
0.11% a year
₹1,31,752
₹1,32,440
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Kotak Overnight Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 16-01-2019 to 30-10-2026: 94 instalments, ₹9,40,000 in all.
Direct planKotak Overnight Fund (Direct)Regular planKotak Overnight Fund (Regular)Nifty 1D Rate Index TRICategory averageCategory average, 40 Overnight fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Overnight Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
97.4%Cash and others
Asset
Fund
Category
Cash and others
97.4%
89.1%
Debt
2.6%
10.9%
Kotak Overnight Fund Portfolio Holdings
As on 30-09-2026 · 2 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
91 DAYS TREASURY BILL 22/10/2026 · Government security
SOV
1.38%
91 DAYS TREASURY BILL 08/10/2026 · Government security
SOV
1.26%
Kotak Overnight Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.09%
Expense ratio (Regular)
0.20%
Category
Overnight
Risk
Low
Benchmark
Nifty 1D Rate Index
Launch date
15-01-2019
Minimum investment
₹1,000
Minimum additional investment
₹500
AUM
₹7,934.82 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
146141
ISIN (Direct)
INF174KA1BF9
Scheme code (Regular)
146142
ISIN (Regular)
INF174KA1BC6
NAV history
From 16-01-2019, 7.8 years
Exit load
Nil
Tax on Kotak Overnight Fund returns
Kotak Overnight Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Daily Reinvestment Income Distribution Cum Capital Withdrawal
₹1,003.6055
30-10-2026
direct
Growth
₹1,480.5742
30-10-2026
regular
Daily Reinvestment Income Distribution Cum Capital Withdrawal
₹1,004.7568
30-10-2026
regular
Growth
₹1,469.9831
30-10-2026
About Kotak Overnight Fund
Kotak Overnight Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Overnight. It was launched on 15-01-2019. Its benchmark is Nifty 1D Rate Index. At the end of September 2026 it held 2 securities.
Fund Manager
Deepak Agrawal
Fund manager of Kotak Overnight Fund, since 15-01-2019
Sunil Pandey
Fund manager of Kotak Overnight Fund, since 01-06-2025
Frequently Asked Questions for Kotak Overnight Fund
What is the current NAV of Kotak Overnight Fund?
The Direct plan NAV is ₹1,480.5742. The Regular plan NAV is ₹1,469.9831, as on 30-10-2026.
What are the returns of Kotak Overnight Fund?
The Direct plan returned +5.27% in 1 year, +6.03% a year over 3 years, +5.78% a year over 5 years. The Regular plan returned +5.17% in 1 year, +5.93% a year over 3 years, +5.67% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak Overnight Fund?
The Direct plan charges 0.09% a year. The Regular plan charges 0.20% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Kotak Overnight Fund?
Kotak Overnight Fund managed ₹7,934.82 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak Overnight Fund?
At the end of September 2026 the largest holdings were 91 DAYS TREASURY BILL 22/10/2026 (1.38%), 91 DAYS TREASURY BILL 08/10/2026 (1.26%). The fund held 2 securities in all.
How do I invest in Kotak Overnight Fund?
Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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