1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.09 | 0.01 | 0.04 | 0.17 | 0.59 | 1.34 | 4.79 | 5.90 | 6.35 | 6.93 | 7.41 |
CCIL T Bill Liquidity Weight | 0.09 | 0.03 | 0.04 | 0.15 | 0.50 | 1.08 | 3.01 | 3.80 | 4.01 | 4.43 | 4.70 |
Debt: Money Market | 0.13 | 0.01 | 0.04 | 0.22 | 0.76 | 1.73 | 5.35 | 6.77 | 6.96 | 7.44 | 8.00 |
Rank within category | 19 | 19 | 18 | 19 | 19 | 18 | 15 | 11 | 11 | 11 | 11 |
Number of funds in category | 20 | 20 | 20 | 20 | 19 | 19 | 18 | 12 | 12 | 12 | 12 |
As on 22-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
IDFC Money Manager Fund - Regular Plan | Feb-03 | 4.79 | 5.90 | 6.35 | 0.98 | 2,529 | |
HDFC Money Market Fund | Invest Online | Nov-99 | 6.35 | 7.25 | 7.12 | 0.35 | 11,197 | |
Aditya Birla Sun Life Money Manager Fund | Invest Online | Oct-05 | 6.38 | 7.43 | 7.34 | 0.34 | 9,548 | |
ICICI Prudential Money Market Fund | Invest Now | Mar-06 | 6.02 | 7.16 | 7.14 | 0.33 | 8,884 | |
Tata Money Market Fund - Regular Plan | Invest Online | May-03 | 6.19 | 4.65 | 5.61 | 0.44 | 1,524 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 1.52 (24-Mar-2020 - 31-Mar-2020) | -1.12 (17-Mar-2020 - 24-Mar-2020) |
Month | 2.28 (24-Mar-2020 - 23-Apr-2020) | -0.82 (25-Feb-2020 - 26-Mar-2020) |
Quarter | 3.62 (24-Mar-2020 - 24-Jun-2020) | -0.16 (24-Dec-2019 - 24-Mar-2020) |
Year | 9.65 (24-Jul-2013 - 24-Jul-2014) | 4.36 (06-Jul-2009 - 06-Jul-2010) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 5.82 | 0.67 | 1.55 | 3.20 | 1.24 | 2.27 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Money Market | 6.73 | 1.04 | 2.76 | 5.46 | 1.34 | 3.28 |
Rank within category | 14 | 10 | 12 | 13 | 12 | 14 |
Number of funds in category | 15 | 15 | 15 | 15 | 15 | 15 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 40 | 47 | 27 | 39 |
Modified Duration (yrs) | 0.30 | 0.67 | 0.28 | 0.31 |
Average Maturity (yrs) | 0.31 | 0.67 | 0.28 | 0.30 |
Yield to Maturity (%) | 3.28 | 5.84 | 3.13 | 3.33 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Grasim Industries 364-D 10/03/2021 | Commercial Paper | A1+ | 0.00 - 9.63 | 7.87 |
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Export-Import Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 6.59 | 6.59 |
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Axis Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 5.46 | 5.46 |
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HDFC 360-D 05/02/2021 | Commercial Paper | A1+ | 0.00 - 8.41 | 4.93 |
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Kotak Mahindra Prime 227-D 29/07/2021 | Commercial Paper | A1+ | 0.00 - 4.26 | 4.26 |
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8.53% Andhra Pradesh State 19/01/2021 | State Development Loan | SOV | 0.00 - 4.63 | 3.97 |
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Reliance Industries 364-D 27/01/2021 | Commercial Paper | A1+ | 3.95 - 7.27 | 3.95 |
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Reliance Retail Ventures 200-D 15/03/2021 | Commercial Paper | A1+ | 0.00 - 3.93 | 3.93 |
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Axis Bank 28/05/2021 | Certificate of Deposit | A1+ | 0.00 - 3.90 | 3.90 |
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HDFC-Warrant 347-D 24/09/2021 | Commercial Paper | A1+ | 0.00 - 3.85 | 3.85 |
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LIC Housing Fin. 25/10/2021 | Commercial Paper | A1+ | 0.00 - 3.83 | 3.83 |
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Reserve Bank of India 182-D 04/03/2021 | Treasury Bills | SOV | 0.00 - 3.35 | 3.35 |
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National Bank Agr. Rur. Devp 2021 | Certificate of Deposit | A1+ | 0.00 - 4.80 | 2.96 |
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Reserve Bank of India 182-D 18/03/2021 | Treasury Bills | SOV | 0.00 - 2.95 | 2.95 |
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Reserve Bank of India 182-D 11/03/2021 | Treasury Bills | SOV | 0.00 - 2.95 | 2.95 |
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Reserve Bank of India 364-D 18/03/2021 | Treasury Bills | SOV | 0.00 - 2.95 | 2.95 |
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National Bank Agr. Rur. Devp 180-D 21/06/2021 | Commercial Paper | A1+ | 0.00 - 2.92 | 2.92 |
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Axis Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 2.90 | 2.90 |
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8.36% Madhya Pradesh State 16/03/2021 | State Development Loan | SOV | 0.00 - 2.00 | 2.00 |
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Reliance Industries 325-D 15/03/2021 | Commercial Paper | A1+ | 0.00 - 2.19 | 1.97 |
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National Bank Agr. Rur. Devp 2021 | Certificate of Deposit | A1+ | 0.00 - 4.85 | 1.97 |
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Kotak Mahindra Investments 177-D 11/06/2021 | Commercial Paper | A1+ | 0.00 - 1.95 | 1.95 |
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LIC Housing Fin. 277-D 14/06/2021 | Commercial Paper | A1+ | 0.00 - 1.95 | 1.95 |
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Reliance Industries 283-D 11/06/2021 | Commercial Paper | A1+ | 0.00 - 1.95 | 1.95 |
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HDFC 28/10/2021 | Commercial Paper | A1+ | 0.00 - 1.92 | 1.92 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Anurag Mittal since 09-Nov-2015
Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Funds Managed:
— Harshal Joshi since 15-May-2017
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.
Funds Managed:
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The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
Minimum Investment (₹) | 100 |
Minimum Addl Investment (₹) | 100 |
Minimum SIP Investment (₹) | 1,000 |
Minimum No of Cheques | 6 |
Minimum Withdrawal (₹) | 500 |
Minimum Balance (₹) | 500 |
Exit Load | 0 |
Fund House: | IDFC Mutual Fund |
Launch Date: | 18-Feb-2003 |
Return Since Launch: | 6.64% |
Benchmark: | NIFTY Money Market TRI |
Riskometer: | Low to Moderate |
Type: | Open-ended |
Assets: | ₹ 2,529 Cr (As on 31-Dec-2020) |
Expense: | 0.98% (As on 31-Dec-2020) |
Risk Grade: | -- |
Return Grade: | Below Average |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Daily | 22-Jan-2021 | 0.0007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 08-Jan-2021 | 0.0055 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 28-Dec-2020 | 0.0198 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Periodic | 24-Mar-2020 | 2.8938 |
AMC: IDFC Asset Management Company Limited
Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020
Phone: 022-24398777 / 24399999 / 66289999
Fax: 24215052 / 24215051
Email: [email protected]
Website: http://www.idfcmf.com
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Fax: 044-30407101
Email: [email protected]
Website: www.camsonline.com