VR Logo

5 star

HDFC Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.78 0.01 0.10 0.34 1.16 1.97 4.64 7.07 7.00 7.44 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Money Market 1.67 0.01 0.08 0.31 1.05 1.86 4.28 6.66 6.88 7.41 --
Rank within category 4 2 2 1 4 4 3 2 5 6 --
Number of funds in category 18 18 18 18 18 18 17 13 12 12 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.64 7.07 7.00 0.21 15,383
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.62 7.00 7.23 0.22 25,994
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.73 7.15 7.13 0.21 14,089
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.82 4.42 5.44 0.25 3,722
Axis Money Market Fund - Direct Plan
4 star
Aug-19 4.53 -- -- 0.13 3,179

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.82 24-Mar-2020 - 31-Mar-2020 -1.18 17-Mar-2020 - 24-Mar-2020
Month 2.74 24-Mar-2020 - 23-Apr-2020 -0.86 20-Feb-2020 - 23-Mar-2020
Quarter 4.43 24-Mar-2020 - 24-Jun-2020 -0.12 24-Dec-2019 - 24-Mar-2020
Year 9.83 26-Jul-2013 - 27-Jul-2014 4.55 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.89 0.76 3.41 7.77 1.37 3.65
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.70 1.11 2.90 6.07 1.42 3.50
Rank within category 3 9 6 1 11 4
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 79 79 40 42
Modified Duration (yrs) 0.45 0.59 0.23 0.40
Average Maturity (yrs) 0.45 0.63 0.23 0.37
Yield to Maturity (%) 3.90 4.53 3.30 3.70
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 8.30 8.30
down 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 8.24 6.98
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.05 4.39
equal Reserve Bank of India 182-D 07/10/2021 Treasury Bills SOV 0.00 - 3.46 3.21
equal Sun Pharmaceutical Inds. 364-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.56 3.17
equal HDFC 353-D 26/08/2021 Commercial Paper A1+ 0.00 - 3.13 2.90
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 2.88 2.88
equal Reliance Industries 179-D 13/08/2021 Commercial Paper A1+ 0.00 - 3.60 2.58
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 3.50 2.57
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.24 2.24
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.74 2.03
equal Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 2.71 1.94
up National Bank Agr. Rur. Devp 174-D 15/09/2021 Commercial Paper A1+ 0.00 - 1.93 1.93
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 2.08 1.93
equal Hero FinCorp 270-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.04 1.90
equal Barclays Bank 25/06/2021 Certificate of Deposit A1+ 0.00 - 2.20 1.62
equal Barclays Bank 29/06/2021 Certificate of Deposit A1+ 0.00 - 2.20 1.62
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 2.19 1.61
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 2.30 1.60
new Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.56 1.56
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.90 1.30
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.80 1.29
equal Motilal Oswal Financial 173-D 08/09/2021 Commercial Paper A1+ 0.00 - 1.74 1.28
equal Bajaj Housing Finance 365-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.74 1.28
equal Indusind Bank 25/01/2022 Certificate of Deposit A1+ 0.00 - 1.36 1.27

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-May-2021

Fund Manager

— Anil Bamboli since 01-Jan-2013

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:

— Vikash Agarwal since 01-Jul-2020

Education: Mr. Agarwal is a B.Com., CA, CFA

Experience: Prior to joining HDFC AMC, he has worked with Larsen & Toubro Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 4,510.3080

IDCW Weekly: ₹ 1,063.4854

IDCW Daily: ₹ 1,063.6400


Investment Strategy

The scheme seeks to generate income / capital appreciation by investing in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.76%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 15,383 Cr (As on 31-May-2021)
Expense: 0.21% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20210.1559

 09-Jun-20210.1605
 08-Jun-20210.1750
 07-Jun-20210.1406
 04-Jun-20210.3843
 03-Jun-20210.0923
 02-Jun-20210.1093
 01-Jun-20210.0962
 31-May-20210.0921
 28-May-20210.3277
 27-May-20210.1714
 25-May-20210.1808
 24-May-20210.0962
 21-May-20210.2942
 20-May-20210.1765
 19-May-20210.1069
 18-May-20210.1325
 17-May-20210.1249
 14-May-20210.3078
 12-May-20210.2209
 11-May-20210.0722
 10-May-20210.1425
 07-May-20210.2063
 06-May-20210.0875
 05-May-20210.1072
IDCW Weekly04-Jun-20210.7170

 28-May-20210.7470
 21-May-20210.8544
 14-May-20210.6414
 07-May-20210.7248
 30-Apr-20211.1373
 23-Apr-20211.0648
 16-Apr-20210.6873
 09-Apr-20210.4874
 05-Apr-20211.4842
 26-Mar-20211.4300
 19-Mar-20211.0261
 12-Mar-20210.7207
 05-Mar-20210.6985
 26-Feb-20210.4416
 22-Feb-20211.1419
 12-Feb-20210.7432
 05-Feb-20210.5999
 29-Jan-20210.6879
 22-Jan-20210.5511
 15-Jan-20210.3519
 08-Jan-20210.5978
 01-Jan-20210.5865
 28-Dec-20200.9987
 18-Dec-20200.6053

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM