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IDFC Money Manager Fund - Regular Plan

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

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

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.33 0.00 0.06 0.23 0.86 1.47 3.27 5.62 5.94 6.60 7.20
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Money Market 1.53 0.01 0.07 0.28 0.98 1.71 3.99 6.38 6.61 7.13 7.81
Rank within category 14 18 15 15 14 14 14 12 11 11 11
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Money Manager Fund - Regular Plan
1 star
 Feb-03 3.27 5.62 5.94 0.89 3,408
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 4.50 6.88 6.80 0.35 15,383
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 4.36 6.73 6.80 0.33 14,104
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 4.61 7.01 7.00 0.30 14,089
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 4.61 4.26 5.31 0.43 3,722

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.20 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.52 0.69 1.79 3.59 1.24 2.18
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.41 1.11 2.58 5.41 1.42 3.21
Rank within category 13 6 11 13 6 13
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 47 29 42
Modified Duration (yrs) 0.47 0.55 0.21 --
Average Maturity (yrs) 0.48 0.55 0.22 --
Yield to Maturity (%) 3.62 4.24 3.13 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 23.45 23.41
equal Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 5.13 5.13
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 4.36 4.36
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 4.36 4.36
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 4.80 4.35
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 4.70 4.27
equal Kotak Mahindra Prime 227-D 29/07/2021 Commercial Paper A1+ 0.00 - 4.26 3.21
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 3.27 2.92
equal LIC Housing Fin. 160-D 20/07/2021 Commercial Paper A1+ 0.00 - 3.27 2.92
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.90 2.90
equal LIC Housing Fin. 25/10/2021 Commercial Paper A1+ 0.00 - 3.83 2.89
equal Sundaram Finance 330-D 15/03/2022 Commercial Paper A1+ 0.00 - 2.84 2.84
equal Kotak Mahindra Prime 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 2.69 2.45
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.90 2.18
equal Kotak Mahindra Prime 166-D 05/10/2021 Commercial Paper A1+ 0.00 - 2.17 2.17
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 2.39 2.14
equal Kotak Mahindra Investments 365-D 11/02/2022 Commercial Paper A1+ 0.00 - 1.90 1.71
equal 8.56% Uttar Pradesh State 22/06/2021 State Development Loan SOV 0.00 - 1.47 1.47
equal Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.95 1.47
equal 8.66% Andhra Pradesh State 2021 State Development Loan SOV 0.00 - 1.69 1.47
equal Larsen & Toubro 180-D 09/08/2021 Commercial Paper A1+ 0.00 - 3.26 1.46
equal Kotak Mahindra Investments 256-D 12/10/2021 Commercial Paper A1+ 0.00 - 1.78 1.45
equal HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 1.92 1.44
equal HDFC 336-D 24/02/2022 Commercial Paper A1+ 0.00 - 1.57 1.43
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.46 1.17

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

*As on 30-Apr-2021

Fund Manager

— 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:

0.00%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 32.0877

IDCW Weekly: ₹ 10.1263

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IDCW Periodic: ₹ 10.5230

IDCW Monthly: ₹ 10.2617

IDCW Daily: ₹ 10.0994

Investment Strategy

The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Feb-2003
Return Since Launch: 6.57%
Benchmark: NIFTY Money Market TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,408 Cr (As on 31-May-2021)
Expense: 0.89% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0004

 10-Jun-20210.0010
 09-Jun-20210.0014
 08-Jun-20210.0008
 07-Jun-20210.0024
 04-Jun-20210.0007
 03-Jun-20210.0010
 02-Jun-20210.0007
 01-Jun-20210.0006
 31-May-20210.0021
 28-May-20210.0011
 27-May-20210.0008
 25-May-20210.0005
 24-May-20210.0021
 21-May-20210.0016
 19-May-20210.0009
 18-May-20210.0008
 17-May-20210.0023
 14-May-20210.0016
 12-May-20210.0002
 11-May-20210.0012
 10-May-20210.0007
 07-May-20210.0008
 06-May-20210.0006
 05-May-20210.0008
IDCW Weekly04-Jun-20210.0052

 28-May-20210.0045
 21-May-20210.0056
 14-May-20210.0038
 07-May-20210.0048
 30-Apr-20210.0083
 23-Apr-20210.0087
 16-Apr-20210.0054
 09-Apr-20210.0063
 31-Mar-20210.0064
 26-Mar-20210.0121
 19-Mar-20210.0083
 12-Mar-20210.0067
 05-Mar-20210.0046
 26-Feb-20210.0062
 18-Feb-20210.0073
 12-Feb-20210.0067
 05-Feb-20210.0044
 29-Jan-20210.0043
 22-Jan-20210.0027
 08-Jan-20210.0055
 01-Jan-20210.0071
 24-Dec-20200.0040
 18-Dec-20200.0039
 11-Dec-20200.0044
IDCW Monthly28-May-20210.0191

 29-Apr-20210.0356
 26-Mar-20210.0315
 26-Feb-20210.0257
 28-Jan-20210.0160
 28-Dec-20200.0198
 25-Nov-20200.0234
 28-Oct-20200.0314
 28-Sep-20200.0220
 28-Aug-20200.0232
 28-Jul-20200.0369
 26-Jun-20200.0401
 28-May-20200.1213
 28-Apr-20200.0671
 27-Mar-20200.0202
 28-Feb-20200.0339
 28-Jan-20200.0325
 27-Dec-20190.0214
 28-Nov-20190.0334
 30-Oct-20190.0553
 27-Sep-20190.0273
 29-Aug-20190.0385
 30-Jul-20190.0449
 27-Jun-20190.0333
 30-May-20190.0584
IDCW Periodic25-Mar-20210.6077

 24-Mar-20202.8938

Contact Information

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

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