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IDFC Money Manager Fund - Regular Plan

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.84 0.01 0.08 0.50 1.23 2.91 6.45 6.25 7.01 7.46 7.49
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Money Market 0.89 0.02 0.09 0.52 1.38 3.26 7.40 7.02 7.41 7.89 7.98
Rank within category 16 11 18 16 17 17 16 12 11 12 11
Number of funds in category 19 19 19 19 19 19 17 13 13 13 12

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.51 (29-Mar-2016 - 05-Apr-2016) -0.33 (09-Jul-2013 - 16-Jul-2013)
Month 1.27 (30-Aug-2013 - 01-Oct-2013) -0.02 (17-Apr-2018 - 17-May-2018)
Quarter 2.84 (20-Aug-2013 - 19-Nov-2013) 0.84 (02-Nov-2017 - 01-Feb-2018)
Year 9.65 (24-Jul-2013 - 24-Jul-2014) 4.36 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.06 0.55 0.70 1.19 1.38 2.60
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 6.81 0.70 2.74 6.85 0.99 2.74
Rank within category 14 11 14 14 13 10
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 17 41
Modified Duration (yrs) 0.47 0.63 0.16 0.34
Average Maturity (yrs) 0.47 0.63 0.16 0.33
Yield to Maturity (%) 5.76 7.55 5.43 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 7.12 6.47
equal Bajaj Finance 366-D 24/06/2020 Commercial Paper A1+ 0.00 - 6.44 6.44
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 7.03 6.39
new Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 6.21 6.21
down ICICI Bank 18/02/2020 Certificate of Deposit A1+ 0.00 - 12.11 5.26
new Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 4.32 4.32
equal Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 4.31 4.31
equal Bajaj Finance 365-D 17/06/2020 Commercial Paper A1+ 0.00 - 4.72 4.30
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 4.69 4.27
new Sundaram Finance 327-D 21/12/2020 Commercial Paper A1+ 0.00 - 4.15 4.15
equal HDB Financial Services 327-D 04/05/2020 Commercial Paper A1+ 0.00 - 4.28 3.90
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 3.60 3.27
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.41 2.19
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 2.36 2.14
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 2.14 2.14
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.09 2.09
new SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.08 2.08
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.07 2.07
new SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.07 2.07
equal SIDBI 29/07/2020 Certificate of Deposit A1+ 0.00 - 1.92 1.92
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 1.91 1.91
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 1.89 1.89
new Kotak Mahindra Bank 22/12/2020 Certificate of Deposit A1+ 0.00 - 1.88 1.88
down Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 8.45 1.53
down SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 4.05 1.51

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-Jan-2020

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:

0.01%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 30.4068

Dividend Weekly: ₹ 10.1268

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Dividend Periodic: ₹ 14.6120

Dividend Monthly: ₹ 10.2965

Dividend 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
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Feb-2003
Return Since Launch: 6.75%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,276 Cr (As on 31-Jan-2020)
Expense: 1.04% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.0034

 20-Feb-20200.0012
 18-Feb-20200.0005
 17-Feb-20200.0028
 14-Feb-20200.0009
 13-Feb-20200.0016
 12-Feb-20200.0012
 11-Feb-20200.0022
 10-Feb-20200.0032
 07-Feb-20200.0017
 06-Feb-20200.0044
 05-Feb-20200.0011
 04-Feb-20200.0011
 03-Feb-20200.0031
 31-Jan-20200.0008
 30-Jan-20200.0008
 29-Jan-20200.0014
 28-Jan-20200.0009
 27-Jan-20200.0030
 24-Jan-20200.0010
 23-Jan-20200.0014
 22-Jan-20200.0009
 21-Jan-20200.0010
 20-Jan-20200.0027
 17-Jan-20200.0012
Dividend Weekly20-Feb-20200.0045

 14-Feb-20200.0092
 07-Feb-20200.0114
 31-Jan-20200.0069
 24-Jan-20200.0070
 17-Jan-20200.0042
 10-Jan-20200.0075
 03-Jan-20200.0094
 27-Dec-20190.0048
 20-Dec-20190.0047
 13-Dec-20190.0067
 06-Dec-20190.0036
 29-Nov-20190.0078
 22-Nov-20190.0089
 15-Nov-20190.0096
 08-Nov-20190.0035
 01-Nov-20190.0124
 25-Oct-20190.0080
 18-Oct-20190.0109
 11-Oct-20190.0108
 04-Oct-20190.0169
 27-Sep-20190.0074
 20-Sep-20190.0006
 13-Sep-20190.0089
 06-Sep-20190.0085
Dividend Monthly28-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
 26-Apr-20190.0395
 28-Mar-20190.0432
 27-Feb-20190.0361
 30-Jan-20190.0489
 28-Dec-20180.0466
 29-Nov-20180.0474
 30-Oct-20180.0482
 27-Sep-20180.0231
 30-Aug-20180.0401
 30-Jul-20180.0414
 28-Jun-20180.0381
 30-May-20180.0297
 26-Apr-20180.0285
 26-Mar-20180.0438
 27-Feb-20180.0279
 30-Jan-20180.0316

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: 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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