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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:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||4.21||0.30||0.89||4.41||4.19||4.52||--|
|Debt: Money Market||7.70||0.49||1.64||8.17||7.35||7.79||--|
|Rank within category||8||9||17||7||4||4||--|
|Number of funds in category||17||19||19||17||13||13||0|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||1.01 (01-Mar-2019 - 02-Apr-2019)||0.32 (03-Apr-2019 - 03-May-2019)|
|Quarter||2.69 (24-Jul-2013 - 23-Oct-2013)||1.62 (04-Oct-2017 - 03-Jan-2018)|
|Year||9.95 (26-Jul-2013 - 27-Jul-2014)||6.83 (24-Nov-2016 - 24-Nov-2017)|
|CCIL T Bill Liquidity Weight||4.11||0.25||-6.57||-10.84||--||--|
|Debt: Money Market||7.10||0.70||3.22||8.70||0.98||2.97|
|Rank within category||3||8||7||6||10||4|
|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-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||71||85||45||41|
|Modified Duration (yrs)||0.36||0.65||0.32||0.35|
|Average Maturity (yrs)||0.36||0.65||0.32||0.35|
|Yield to Maturity (%)||5.53||7.88||5.45||5.50|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|National Bank Agr. Rur. Devp 310-D 13/03/2020||Commercial Paper||A1+||0.00 - 3.57||3.32|
|Bank of Baroda 17/03/2020||Certificate of Deposit||A1+||0.00 - 3.57||3.32|
|SIDBI 14/02/2020||Commercial Paper||A1+||0.00 - 3.50||3.24|
|Tata Power 146-D 18/03/2020||Commercial Paper||A1+||0.00 - 3.27||3.08|
|LIC Housing Fin. 364-D 10/02/2020||Commercial Paper||A1+||0.00 - 3.01||2.67|
|Tata Sons 364-D 10/02/2020||Commercial Paper||A1+||0.00 - 3.60||2.66|
|National Bank Agr. Rur. Devp 13/03/2020||Commercial Paper||A1+||0.00 - 4.91||2.65|
|Federal Bank 2020||Certificate of Deposit||A1+||0.00 - 2.64||2.64|
|Indusind Bank 2020||Certificate of Deposit||A1+||0.00 - 2.63||2.63|
|L&T Infrastructre Finance 235-D 10/07/2020||Commercial Paper||A1+||0.00 - 2.59||2.59|
|HDFC 362-D 02/03/2020||Commercial Paper||A1+||0.00 - 2.70||2.48|
|REC 365-D 04/03/2020||Commercial Paper||A1+||0.00 - 2.66||2.44|
|HDFC 352-D 28/02/2020||Commercial Paper||A1+||0.00 - 2.39||2.22|
|SIDBI 18/03/2020||Certificate of Deposit||A1+||0.00 - 2.38||2.21|
|Indusind Bank 23/03/2020||Certificate of Deposit||A1+||0.00 - 2.21||2.21|
|Reliance Industries 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 2.19||2.19|
|Cholamandalam Invest. & Fin. 351-D 13/03/2020||Commercial Paper||A1+||0.00 - 2.02||1.90|
|Britannia Inds. 260-D 20/12/2019||Commercial Paper||A1+||0.00 - 1.93||1.79|
|Reliance Jio Infocomm 77-D 24/01/2020||Commercial Paper||A1+||0.00 - 1.78||1.78|
|Reliance Industries 179-D 02/03/2020||Commercial Paper||A1+||0.00 - 1.91||1.77|
|Reliance Industries 109-D 06/03/2020||Commercial Paper||A1+||0.00 - 1.77||1.77|
|Export-Import Bank 27/03/2020||Certificate of Deposit||A1+||0.00 - 1.90||1.77|
|Reliance Industries 166-D 05/05/2020||Commercial Paper||A1+||0.00 - 1.75||1.75|
|Tata Capital Housing Finance 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 1.75||1.75|
|L&T Infrastructre Finance 288-D 04/09/2020||Commercial Paper||A1+||0.00 - 1.71||1.71|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Birla Sun Life AMC he has worked with ICICI Bank.
Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).
Experience: He has around 10 years of experience of which 7 years is in financial markets. He joined Birla Sun AMC in October 2015. Prior to joining Birla AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).
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The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
|Minimum Investment (₹)||1,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1|
|Minimum Balance (₹)||500|
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Benchmark:||NIFTY Money Market|
|Assets:||₹ 11,145 Cr (As on 30-Nov-2019)|
|Expense:||0.15% (As on 30-Nov-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 23-Oct-2019
Fund News - 03-Apr-2017
Fundwire - 16-Aug-2013
AMC: Aditya Birla Sun Life AMC Ltd.
Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013
Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000
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
Email: [email protected]