Kotak Money Market Fund - Direct Plan - (Growth)
Kotak Mahindra Mutual Fund
Income/Debt Oriented Schemes - Money Market Fund
Best SIP day: the 20th.
Best SIP day for this fund
The 20th
Thin edgeThe 20th had the highest full-history XIRR for this fund. The 28 dates sit close enough together that the difference between them is noise rather than a date effect.
Why the 20th
- Highest return of all 28 dates6.816%
Full-history XIRR, 0.01 pp above the middle of the month (6.811%).
- How far apart the 28 dates are0.01 pp
From the 14th (6.809%) up to the 20th. Narrower than the 0.25 pp a date effect needs, though the order of dates held (0.77).
- What the spread is worth₹13,870
Between the highest- and lowest-value dates (the 1st and the 28th) on a notional ₹10,000 a month: 0.5% of the ₹26.7 lakh it grew to over 13.7 years.
Missing one instalment costs more than picking this date over a typical one.
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
The published history starts on 20 January 2013, where a re-denomination or a gap months long cut the series. Everything before that is missing, so this is not the fund's whole life.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.01 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
The published history starts on 20 January 2013, where a re-denomination or a gap months long cut the series. Everything before that is missing, so this is not the fund's whole life.
The date with the highest return and the date that ended with the most money are not the same date here. When two measures of the same question disagree, the difference between the dates is noise.
This fund is marked reduced confidence because its published history was cut at 20 January 2013. Everything above is measured on what survived, not on the fund's whole life.