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2 star

IDFC Money Manager 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 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 4.07 0.02 0.15 0.70 2.50 3.86 7.38 7.06 7.60 8.10 --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 --
Debt: Money Market 3.81 0.03 0.15 0.65 2.17 3.62 7.41 7.45 7.64 8.11 --
Rank within category 11 14 12 11 8 10 12 11 10 9 --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Money Manager Fund - Direct Plan
2 star
Jan-13 7.38 7.06 7.60 0.20 2,215
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.95 7.78 8.11 0.22 15,422
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.23 8.04 7.87 0.18 9,214
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.39 7.91 7.75 0.15 8,422
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.67 7.80 7.69 0.15 4,265

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.54 (24-Mar-2020 - 31-Mar-2020) -1.11 (17-Mar-2020 - 24-Mar-2020)
Month 2.34 (24-Mar-2020 - 23-Apr-2020) -0.76 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.83 (24-Mar-2020 - 24-Jun-2020) 0.02 (24-Dec-2019 - 24-Mar-2020)
Year 10.36 (24-Jul-2013 - 24-Jul-2014) 5.48 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.83 0.64 2.38 4.44 0.95 2.70
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 13 12 12 12 13 10
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 36 41 24 31
Modified Duration (yrs) 0.50 0.67 0.16 0.46
Average Maturity (yrs) 0.50 0.67 0.16 0.43
Yield to Maturity (%) 3.89 6.26 3.89 3.95

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.63 8.78
equal HDFC 360-D 05/02/2021 Commercial Paper A1+ 0.00 - 8.41 7.69
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.27 6.61
equal LIC Housing Fin. 356-D 20/08/2020 Commercial Paper A1+ 0.00 - 6.13 5.62
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 5.68 5.18
new 8.53% Andhra Pradesh State 19/01/2021 State Development Loan SOV 0.00 - 4.63 4.63
equal Sundaram Finance 364-D 11/08/2020 Commercial Paper A1+ 0.00 - 4.91 4.50
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 4.83 4.40
equal Sundaram Finance 327-D 21/12/2020 Commercial Paper A1+ 0.00 - 4.84 4.30
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 4.40 4.00
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.80 3.31
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 3.39 3.12
equal Grasim Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 2.35 2.25
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 2.45 2.22
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 2.21 2.21
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.43 2.21
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.85 2.21
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.41 2.20
equal National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.39 2.20
equal Bank of Baroda 26/04/2021 Certificate of Deposit A1+ 0.00 - 2.37 2.19
new Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.19 2.19
equal Kotak Mahindra Prime 364-D 07/08/2020 Commercial Paper A1+ 0.00 - 2.12 2.02
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 2.23 2.02
equal Kotak Mahindra Bank 22/12/2020 Certificate of Deposit A1+ 0.00 - 2.20 2.00
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.14 1.95

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

Fund Manager

— Anurag Mittal since 09-Nov-2015

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

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:


0.02%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 32.7862

Dividend Weekly: ₹ 10.1129

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Dividend Periodic: ₹ 12.7982

Dividend Monthly: ₹ 10.2144

Dividend 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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.14%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,215 Cr (As on 30-Jun-2020)
Expense: 0.20% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0023

 09-Jul-20200.0013
 08-Jul-20200.0039
 07-Jul-20200.0027
 06-Jul-20200.0051
 03-Jul-20200.0052
 02-Jul-20200.0035
 01-Jul-20200.0034
 30-Jun-20200.0006
 26-Jun-20200.0017
 25-Jun-20200.0014
 24-Jun-20200.0009
 23-Jun-20200.0019
 22-Jun-20200.0007
 19-Jun-20200.0034
 18-Jun-20200.0080
 17-Jun-20200.0018
 16-Jun-20200.0054
 15-Jun-20200.0091
 12-Jun-20200.0030
 11-Jun-20200.0054
 10-Jun-20200.0011
 09-Jun-20200.0006
 08-Jun-20200.0016
 28-May-20200.0007
Dividend Weekly03-Jul-20200.0127

 26-Jun-20200.0067
 19-Jun-20200.0277
 12-Jun-20200.0133
 05-Jun-20200.0042
 29-May-20200.0096
 22-May-20200.0449
 15-May-20200.0302
 08-May-20200.0176
 24-Apr-20200.0410
 17-Apr-20200.0264
 09-Apr-20200.0002
 03-Apr-20200.0230
 27-Mar-20200.0089
 06-Mar-20200.0152
 28-Feb-20200.0063
 20-Feb-20200.0054
 14-Feb-20200.0102
 07-Feb-20200.0124
 31-Jan-20200.0079
 24-Jan-20200.0080
 17-Jan-20200.0053
 10-Jan-20200.0084
 03-Jan-20200.0105
 27-Dec-20190.0059
Dividend Monthly26-Jun-20200.0465

 28-May-20200.1274
 28-Apr-20200.0736
 27-Mar-20200.0242
 28-Feb-20200.0384
 28-Jan-20200.0371
 27-Dec-20190.0257
 28-Nov-20190.0376
 30-Oct-20190.0600
 27-Sep-20190.0315
 29-Aug-20190.0428
 30-Jul-20190.0497
 27-Jun-20190.0367
 30-May-20190.0623
 26-Apr-20190.0429
 28-Mar-20190.0470
 27-Feb-20190.0391
 30-Jan-20190.0533
 28-Dec-20180.0512
 29-Nov-20180.0521
 30-Oct-20180.0523
 27-Sep-20180.0262
 30-Aug-20180.0435
 30-Jul-20180.0450
 28-Jun-20180.0413
Dividend Periodic24-Mar-20201.7680

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: investor[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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