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2 star

IDFC Money Manager Fund - Regular Plan

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 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 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.

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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(₹)
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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 4.23 0.01 0.05 0.23 0.83 3.08 5.80 6.07 6.59 7.24 7.54
CCIL T Bill Liquidity Weight 2.47 0.00 0.03 0.12 0.49 1.42 3.34 3.95 4.16 4.62 4.76
Debt: Money Market 4.58 0.01 0.06 0.29 1.02 3.19 6.30 7.04 7.22 7.72 8.08
Rank within category 15 14 17 17 16 13 15 11 11 11 10
Number of funds in category 18 19 19 19 19 19 18 12 12 12 11

As on 29-Sep-2020

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
2 star
 Feb-03 5.80 6.07 6.59 1.02 2,577
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 7.16 7.52 7.37 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 7.17 7.72 7.58 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.87 7.45 7.40 0.33 9,757
Nippon India Money Market Fund  | Invest Online
4 star
 Jun-05 6.63 7.50 7.40 0.25 5,991

Best & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.96 0.65 1.26 2.51 1.02 2.01
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market 6.81 0.80 2.97 6.99 0.79 2.59
Rank within category 13 11 14 13 13 13
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 41 27 34
Modified Duration (yrs) 0.36 0.67 0.36 0.31
Average Maturity (yrs) 0.36 0.67 0.36 0.31
Yield to Maturity (%) 3.52 6.26 3.52 3.58
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
up 8.12% GOI 2020 Central Government Loan SOV 0.00 - 8.45 8.45
equal Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.63 7.62
equal HDFC 360-D 05/02/2021 Commercial Paper A1+ 0.00 - 8.41 6.68
equal Reserve Bank of India 364-D 22/10/2020 Treasury Bills SOV 0.00 - 6.54 6.37
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.27 5.74
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 5.68 4.48
equal 8.53% Andhra Pradesh State 19/01/2021 State Development Loan SOV 0.00 - 4.63 3.95
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 4.83 3.82
equal Sundaram Finance 327-D 21/12/2020 Commercial Paper A1+ 0.00 - 4.84 3.73
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 4.40 3.46
new Kotak Mahindra Investments 87-D 06/11/2020 Commercial Paper A1+ 0.00 - 2.89 2.89
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.80 2.86
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 3.39 2.70
new Indian Oil Corp. 48-D 23/09/2020 Commercial Paper A1+ 0.00 - 1.94 1.94
equal Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 1.97 1.92
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.45 1.92
equal National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 2.21 1.91
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.41 1.91
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.85 1.91
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.43 1.91
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.19 1.90
equal National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.39 1.90
equal Bank of Baroda 26/04/2021 Certificate of Deposit A1+ 0.00 - 2.37 1.89
equal Kotak Mahindra Bank 22/12/2020 Certificate of Deposit A1+ 0.00 - 2.20 1.73
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.14 1.69

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-Aug-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 29-Sep-2020

Growth: ₹ 31.4302

Dividend Weekly: ₹ 10.1236

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Dividend Periodic: ₹ 10.9065

Dividend Monthly: ₹ 10.2515

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: 6.71%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,577 Cr (As on 31-Aug-2020)
Expense: 1.02% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily29-Sep-20200.0012

 28-Sep-20200.0022
 25-Sep-20200.0007
 24-Sep-20200.0007
 23-Sep-20200.0003
 22-Sep-20200.0007
 21-Sep-20200.0023
 18-Sep-20200.0008
 17-Sep-20200.0012
 16-Sep-20200.0006
 15-Sep-20200.0005
 14-Sep-20200.0023
 11-Sep-20200.0002
 10-Sep-20200.0002
 09-Sep-20200.0005
 08-Sep-20200.0003
 07-Sep-20200.0020
 04-Sep-20200.0006
 03-Sep-20200.0009
 02-Sep-20200.0005
 01-Sep-20200.0019
 31-Aug-20200.0023
 28-Aug-20200.0003
 27-Aug-20200.0008
 26-Aug-20200.0000
Dividend Monthly28-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
 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
Dividend Weekly25-Sep-20200.0046

 18-Sep-20200.0054
 11-Sep-20200.0033
 04-Sep-20200.0062
 28-Aug-20200.0023
 21-Aug-20200.0089
 14-Aug-20200.0053
 07-Aug-20200.0040
 31-Jul-20200.0054
 24-Jul-20200.0040
 17-Jul-20200.0045
 10-Jul-20200.0138
 03-Jul-20200.0112
 26-Jun-20200.0051
 19-Jun-20200.0262
 12-Jun-20200.0117
 05-Jun-20200.0026
 29-May-20200.0081
 22-May-20200.0434
 15-May-20200.0287
 08-May-20200.0144
 24-Apr-20200.0395
 17-Apr-20200.0238
 03-Apr-20200.0216
 27-Mar-20200.0057
Dividend Periodic24-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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