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2 star

IDFC Money Manager Fund - Regular Plan download report


Debt: Money Market

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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(₹)
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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
IDFC Money Manager Reg-G 1.98 0.04 0.09 0.34 1.07 1.66 3.12 4.08 4.91 5.68 6.53
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 3.27 3.63 4.21
Debt: Money Market 2.17 0.04 0.09 0.37 1.16 1.82 3.52 4.72 5.76 6.28 7.09
Rank within category 16 15 17 17 16 15 15 15 11 11 11
Number of funds in category 20 21 20 20 20 20 18 16 12 12 12

As on 08-Aug-2022

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  | Invest Online
2 star
Feb-03 3.12 4.08 4.91 0.88 3,042
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
Jul-03 3.94 4.83 6.02 0.36 14,576
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.90 5.15 6.28 0.33 13,395
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 3.81 5.08 6.12 0.41 12,325
Nippon India Money Market Fund  | Invest Online
5 star
Jun-05 4.01 4.99 6.16 0.28 9,971

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 2.72 19-May-2021 - 19-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IDFC Money Manager Reg-G 4.01 0.63 0.83 2.09 1.19 1.59
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Money Market 4.61 0.70 1.71 4.25 1.33 2.31
Rank within category 15 7 14 12 6 15
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 44 29 47
Modified Duration (yrs) 0.40 0.53 0.21 0.33
Average Maturity (yrs) 0.40 0.53 0.21 0.34
Yield to Maturity (%) 6.01 6.01 3.46 5.90
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
new Reserve Bank of India 182-D 03/11/2022 Treasury Bills SOV 0.00 - 6.48 6.48
equal Kotak Mahindra Bank 25/11/2022 Certificate of Deposit A1+ 0.00 - 6.86 6.45
new Canara Bank 20/02/2023 Certificate of Deposit A1+ 0.00 - 6.35 6.35
up HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 5.66 5.66
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 5.13 4.83
down Bajaj Housing Finance 270-D 18/10/2022 Commercial Paper A1+ 0.00 - 5.90 4.06
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 4.91 4.04
up HDFC 154-D 25/11/2022 Commercial Paper A1+ 0.00 - 4.03 4.03
up National Bank Agr. Rur. Devp 14/02/2023 Commercial Paper A1+ 0.00 - 3.97 3.97
new SIDBI 22/02/2023 Certificate of Deposit A1+ 0.00 - 3.97 3.97
new Reserve Bank of India 182-D 10/11/2022 Treasury Bills SOV 0.00 - 3.24 3.24
equal ICICI Bank 14/11/2022 Certificate of Deposit A1+ 0.00 - 3.92 3.23
up HDFC 155-D 29/11/2022 Commercial Paper A1+ 0.00 - 3.22 3.22
equal Kotak Mahindra Bank 19/12/2022 Certificate of Deposit A1+ 0.00 - 3.41 3.21
new Reserve Bank of India 182-D 22/12/2022 Treasury Bills SOV 0.00 - 3.21 3.21
down HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 5.17 2.43
new National Bank Agr. Rur. Devp 2023 Commercial Paper A1+ 0.00 - 2.39 2.39
new Kotak Mahindra Bank 13/02/2023 Certificate of Deposit A1+ 0.00 - 2.39 2.39
equal National Bank Agr. Rur. Devp 17/02/2023 Commercial Paper A1+ 0.00 - 5.74 2.38
new Reserve Bank of India 364-D 29/06/2023 Treasury Bills SOV 0.00 - 2.33 2.33
equal HDFC Bank 27/12/2022 Certificate of Deposit A1+ 0.00 - 1.70 1.60
equal National Bank Agr. Rur. Devp 18/01/2023 Commercial Paper A1+ 0.00 - 1.94 1.60
equal SIDBI 14/02/2023 Certificate of Deposit A1+ 0.00 - 3.88 1.59
new HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 1.59 1.59
equal National Bank Agr. Rur. Devp 16/02/2023 Certificate of Deposit A1+ 0.00 - 1.94 1.59

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-Jul-2022

Fund Manager

— Brijesh Shah since 12-Jul-2021

Education: Mr. Shah is a Post Graduate Diploma in Finance.

Experience: Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.

Funds Managed:

— Gautam Kaul since 01-Dec-2021

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining IDFC Mutual Fund, he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.

Funds Managed:


0.04%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 33.2436

IDCW Weekly: ₹ 10.1239

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IDCW Periodic: ₹ 10.9021

IDCW Monthly: ₹ 10.2674

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

Min. Investment (₹) 100
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 6.36%
Benchmark: NIFTY Money Market Index A-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,042 Cr (As on 31-Jul-2022)
Expense Ratio: 0.88% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Aug-20220.0027

 04-Aug-20220.0017
 03-Aug-20220.0006
 02-Aug-20220.0036
 01-Aug-20220.0063
 29-Jul-20220.0015
 25-Jul-20220.0046
 22-Jul-20220.0010
 21-Jul-20220.0010
 20-Jul-20220.0003
 19-Jul-20220.0005
 18-Jul-20220.0031
 15-Jul-20220.0013
 14-Jul-20220.0009
 13-Jul-20220.0023
 12-Jul-20220.0005
 11-Jul-20220.0032
 08-Jul-20220.0009
 07-Jul-20220.0011
 06-Jul-20220.0027
 05-Jul-20220.0031
 04-Jul-20220.0057
 01-Jul-20220.0028
 30-Jun-20220.0022
 29-Jun-20220.0014
IDCW Weekly05-Aug-20220.0113

 29-Jul-20220.0061
 22-Jul-20220.0048
 15-Jul-20220.0083
 08-Jul-20220.0135
 01-Jul-20220.0121
 24-Jun-20220.0115
 17-Jun-20220.0036
 10-Jun-20220.0088
 06-Jun-20220.0024
 29-Apr-20220.0060
 22-Apr-20220.0137
 13-Apr-20220.0014
 08-Apr-20220.0018
 31-Mar-20220.0105
 25-Mar-20220.0090
 17-Mar-20220.0094
 11-Mar-20220.0061
 04-Mar-20220.0035
 25-Feb-20220.0058
 18-Feb-20220.0075
 11-Feb-20220.0098
 04-Feb-20220.0035
 28-Jan-20220.0045
 21-Jan-20220.0051
IDCW Monthly28-Jul-20220.0362

 29-Jun-20220.0345
 28-Apr-20220.0258
 30-Mar-20220.0359
 25-Feb-20220.0269
 28-Jan-20220.0261
 30-Dec-20210.0238
 29-Nov-20210.0297
 28-Oct-20210.0197
 29-Sep-20210.0180
 30-Aug-20210.0291
 29-Jul-20210.0275
 29-Jun-20210.0244
 28-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
IDCW Periodic25-Mar-20210.6077

 24-Mar-20202.8938

Contact Information

AMC: IDFC Asset Management Company Limited

Address: No. 27, Ground Floor Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Fax: 24215052 / 24215051

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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