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5 star

HDFC Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 6.38 0.01 0.08 0.34 1.06 2.72 6.87 7.64 7.48 7.86 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Debt: Money Market 5.49 0.01 0.07 0.31 0.99 2.34 5.95 7.22 7.38 7.85 --
Rank within category 2 2 9 5 9 4 2 2 5 6 --
Number of funds in category 18 20 20 19 19 19 18 12 12 12 0

As on 27-Nov-2020

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 6.87 7.64 7.48 0.21 12,795
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.43 7.50 7.80 0.23 23,410
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.92 7.77 7.61 0.21 11,974
Franklin India Savings Fund - Direct Plan  | Invest Online Now
5 star
Jan-13 6.31 7.54 7.75 0.13 1,336
L&T Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.99 7.57 8.11 0.25 1,182

Best & Worst Performance

Best (Period) Worst (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) 6.05 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.44 0.63 3.90 9.05 1.02 3.56
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Money Market 7.01 0.86 3.33 7.10 0.92 3.03
Rank within category 2 9 7 6 9 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-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 69 73 35 42
Modified Duration (yrs) 0.32 0.80 0.14 0.31
Average Maturity (yrs) 0.32 0.86 0.17 0.31
Yield to Maturity (%) 3.54 6.13 3.54 3.46
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 Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 6.21 6.21
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.28 3.88
equal Tata Capital Housing Finance 365-D 12/02/2021 Commercial Paper A1+ 0.00 - 7.23 3.87
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 6.92 3.67
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.24 3.67
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 5.83 3.28
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 5.81 3.10
equal Cholamandalam Invest. & Fin. 261-D 26/02/2021 Commercial Paper A1+ 0.00 - 4.60 3.09
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 5.50 2.91
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 3.63 2.71
equal LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.02 2.70
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 4.27 2.53
equal Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 2.81 2.32
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.45 2.31
equal Tata Motors 330-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.25 2.31
equal Bajaj Housing Finance 366-D 28/01/2021 Commercial Paper A1+ 0.00 - 3.63 1.94
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.28 1.74
equal Daimler Financial Services 234-D 18/02/2021 Commercial Paper A1+ 0.00 - 2.30 1.55
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.85 1.55
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.14 1.55
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.32 1.55
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.91 1.55
equal Bharti Hexacom 364-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.87 1.54
up National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.86 1.36
up National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 2.19 1.35

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-2020

Fund Manager

— 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 27-Nov-2020

Growth: ₹ 4,418.6432

Dividend Weekly: ₹ 1,063.2688

Dividend 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 (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.02%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 12,795 Cr (As on 31-Oct-2020)
Expense: 0.21% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Nov-20200.1363

 25-Nov-20200.1878
 24-Nov-20200.1325
 23-Nov-20200.0533
 20-Nov-20200.2896
 19-Nov-20200.1396
 18-Nov-20200.2370
 17-Nov-20200.1809
 13-Nov-20200.4349
 12-Nov-20200.1668
 11-Nov-20200.1649
 10-Nov-20200.1530
 09-Nov-20200.1319
 06-Nov-20200.3503
 05-Nov-20200.1056
 04-Nov-20200.1225
 03-Nov-20200.1613
 02-Nov-20200.1059
 29-Oct-20200.3722
 28-Oct-20200.0968
 27-Oct-20200.1457
 26-Oct-20200.0870
 23-Oct-20200.3654
 22-Oct-20200.1295
 21-Oct-20200.0991
Dividend Weekly20-Nov-20200.9915

 13-Nov-20200.9661
 06-Nov-20200.4949
 02-Nov-20201.0671
 23-Oct-20200.8383
 16-Oct-20200.8736
 09-Oct-20201.0079
 05-Oct-20201.5369
 25-Sep-20200.7009
 18-Sep-20200.7453
 11-Sep-20200.6708
 04-Sep-20200.8528
 28-Aug-20200.6526
 21-Aug-20201.4391
 14-Aug-20200.9052
 07-Aug-20200.8458
 31-Jul-20200.8186
 24-Jul-20200.8379
 17-Jul-20200.5928
 10-Jul-20202.2256
 03-Jul-20201.7032
 26-Jun-20200.8823
 19-Jun-20203.7214
 12-Jun-20201.8756
 05-Jun-20200.4624

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

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dateSaturday, 28-Nov-2020
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