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4 star

HDFC Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

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:

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.59 0.02 0.24 0.89 2.91 4.44 8.42 7.90 7.75 8.15 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Money Market 3.78 0.02 0.16 0.64 2.15 3.60 7.43 7.45 7.64 8.11 --
Rank within category 1 8 1 1 1 1 2 4 5 6 --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 0

As on 09-Jul-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
4 star
Jan-13 8.42 7.90 7.75 0.15 8,422
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.98 7.79 8.11 0.22 13,222
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.24 8.03 7.86 0.18 8,422
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.68 7.80 7.69 0.15 4,218
Franklin India Savings Fund - Direct Plan  | Invest Online Now
5 star
Jan-13 8.18 7.95 8.14 0.13 1,412

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 7.59 0.58 3.92 11.85 0.82 3.29
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market 7.18 0.78 3.49 9.29 0.68 2.71
Rank within category 4 10 9 6 11 3
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 73 35 31
Modified Duration (yrs) 0.60 0.80 0.14 --
Average Maturity (yrs) 0.65 0.86 0.17 --
Yield to Maturity (%) 4.76 7.43 4.76 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.24 7.24
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.28 5.80
equal Tata Capital Housing Finance 365-D 12/02/2021 Commercial Paper A1+ 0.00 - 7.23 5.77
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 6.92 5.50
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 5.81 4.63
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 5.83 4.63
new Cholamandalam Invest. & Fin. 261-D 26/02/2021 Commercial Paper A1+ 0.00 - 4.60 4.60
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 5.50 4.36
equal LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.02 4.03
new Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.45 3.45
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 4.27 3.39
equal Tata Motors 330-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.25 3.39
equal Bajaj Housing Finance 366-D 28/01/2021 Commercial Paper A1+ 0.00 - 3.63 2.89
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 3.63 2.89
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.28 2.61
up National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.85 2.32
up SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.32 2.32
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.91 2.31
equal Bharti Hexacom 364-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.87 2.30
new Daimler Financial Services 234-D 18/02/2021 Commercial Paper A1+ 0.00 - 2.30 2.30
up National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.86 1.86
equal National Bank Agr. Rur. Devp 2021 Commercial Paper A1+ 0.00 - 1.92 1.74
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 2.19 1.74
new Daimler Financial Services 206-D 21/01/2021 Commercial Paper A1+ 0.00 - 1.73 1.73
equal AU Small Finance Bank 24/02/2021 Certificate of Deposit A1+ 0.00 - 2.17 1.72

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 30-Jun-2020

*As on 31-May-2020

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:


0.02%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 4,344.0870

Dividend Weekly: ₹ 1,064.2366

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: 8.21%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,422 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-May-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jul-20200.2090

 07-Jul-20200.5034
 06-Jul-20200.4761
 03-Jul-20200.5792
 02-Jul-20200.8086
 01-Jul-20200.3642
 30-Jun-20200.4665
 29-Jun-20200.0649
 25-Jun-20200.3174
 24-Jun-20200.1632
 23-Jun-20200.1354
 22-Jun-20200.2673
 18-Jun-20200.4713
 17-Jun-20201.4478
 16-Jun-20200.1736
 15-Jun-20200.6583
 12-Jun-20200.9700
 11-Jun-20200.2673
 10-Jun-20200.7566
 09-Jun-20200.2411
 26-May-20200.0209
 22-May-20201.6448
 21-May-20201.2454
 20-May-20201.1586
 19-May-20200.2507
Dividend Weekly03-Jul-20201.7032

 26-Jun-20200.8823
 19-Jun-20203.7214
 12-Jun-20201.8756
 05-Jun-20200.4624
 29-May-20200.5769
 22-May-20205.8049
 15-May-20202.9284
 08-May-20202.5190
 04-May-20200.0622
 24-Apr-20204.5016
 17-Apr-20203.2127
 03-Apr-20205.6952
 06-Mar-20201.4244
 28-Feb-20200.3703
 24-Feb-20201.1223
 14-Feb-20201.0656
 07-Feb-20201.1966
 31-Jan-20200.7938
 24-Jan-20200.8465
 17-Jan-20200.7034
 10-Jan-20200.6901
 03-Jan-20200.8606
 27-Dec-20190.8024
 20-Dec-20190.7503

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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