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2 star

IDFC Money Manager Fund - Regular Plan


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
Fund 2.74 0.02 0.05 0.28 0.64 1.45 2.91 4.97 5.33 6.22 6.92
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 3.53 3.98 4.47
Debt: Money Market 3.21 0.03 0.06 0.33 0.75 1.73 3.43 5.86 6.18 6.76 7.52
Rank within category 14 19 19 17 17 17 14 14 11 11 11
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 06-Dec-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
2 star
Feb-03 2.91 4.97 5.33 0.88% 2,893
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.82 6.27 6.66 0.33% 16,641
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.75 6.22 6.47 0.35% 15,828
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.68 6.03 6.45 0.33% 13,562
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.74 6.02 6.47 0.27% 8,771

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 2.86 28-Oct-2020 - 28-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.91 0.72 1.57 4.74 1.31 1.92
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market 5.87 0.92 2.47 6.84 1.59 3.05
Rank within category 15 7 13 14 3 15
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 46 29 28
Modified Duration (yrs) 0.24 0.50 0.21 --
Average Maturity (yrs) 0.25 0.52 0.22 --
Yield to Maturity (%) 3.85 3.85 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
down Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 28.33 9.65
new Reliance Jio Infocomm 91-D 10/11/2021 Commercial Paper A1+ 0.00 - 6.91 6.91
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 7.26 6.89
up 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 6.50 6.50
new 8.90% Rajasthan State 20/09/2022 State Development Loan SOV 0.00 - 5.03 5.03
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 4.31 4.31
equal Reliance Industries 91-D 01/11/2021 Commercial Paper A1+ 0.00 - 4.19 3.97
equal Kotak Mahindra Prime 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 3.99 3.79
equal Reliance Industries 91-D 24/11/2021 Commercial Paper A1+ 0.00 - 3.63 3.45
equal Reliance Retail Ventures 85-D 30/11/2021 Commercial Paper A1+ 0.00 - 3.63 3.45
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.62 3.44
equal Kotak Mahindra Prime 242-D 22/02/2022 Commercial Paper A1+ 0.00 - 3.60 3.41
equal Ultratech Cement 316-D 16/03/2022 Commercial Paper A1+ 0.00 - 3.59 3.41
equal Sundaram Finance 330-D 15/03/2022 Commercial Paper A1+ 0.00 - 3.59 3.40
equal Kotak Mahindra Prime 201-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.69 2.55
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 3.99 2.54
equal Kotak Mahindra Investments 365-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.16 2.05
equal Reliance Industries 91-D 22/11/2021 Commercial Paper A1+ 0.00 - 1.82 1.72
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 1.82 1.72
new Reliance Industries 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.72 1.72
equal HDFC 336-D 24/02/2022 Commercial Paper A1+ 0.00 - 1.80 1.71
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 1.81 1.71
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.80 1.71
equal Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 1.79 1.70
equal HDFC 354-D 10/06/2022 Commercial Paper A1+ 0.00 - 1.78 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-Oct-2021

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:

— 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 07-Dec-2021

Growth: ₹ 32.5341

IDCW Weekly: ₹ 10.1225

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IDCW Periodic: ₹ 10.6694

IDCW Monthly: ₹ 10.2552

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 (₹) 100
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: 6.47%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,893 Cr (As on 31-Oct-2021)
Expense: 0.88% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.0022

 03-Dec-20210.0006
 02-Dec-20210.0009
 01-Dec-20210.0000
 30-Nov-20210.0010
 29-Nov-20210.0021
 26-Nov-20210.0010
 25-Nov-20210.0010
 24-Nov-20210.0006
 23-Nov-20210.0009
 22-Nov-20210.0031
 18-Nov-20210.0011
 17-Nov-20210.0006
 16-Nov-20210.0012
 15-Nov-20210.0020
 12-Nov-20210.0010
 11-Nov-20210.0014
 10-Nov-20210.0007
 09-Nov-20210.0017
 08-Nov-20210.0055
 03-Nov-20210.0012
 02-Nov-20210.0011
 01-Nov-20210.0020
 29-Oct-20210.0011
 28-Oct-20210.0005
IDCW Weekly03-Dec-20210.0046

 26-Nov-20210.0065
 18-Nov-20210.0050
 12-Nov-20210.0103
 03-Nov-20210.0043
 29-Oct-20210.0029
 22-Oct-20210.0042
 14-Oct-20210.0059
 08-Oct-20210.0052
 01-Oct-20210.0037
 24-Sep-20210.0028
 17-Sep-20210.0053
 09-Sep-20210.0040
 03-Sep-20210.0072
 27-Aug-20210.0057
 20-Aug-20210.0070
 13-Aug-20210.0074
 06-Aug-20210.0050
 30-Jul-20210.0056
 23-Jul-20210.0060
 16-Jul-20210.0066
 09-Jul-20210.0058
 02-Jul-20210.0077
 18-Jun-20210.0036
 11-Jun-20210.0061
IDCW Monthly29-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
 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
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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