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2 star

IDFC Money Manager Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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.

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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 3.30 0.01 0.08 0.33 0.84 1.80 3.60 5.80 6.04 6.93 --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 --
Debt: Money Market 3.40 0.01 0.08 0.33 0.86 1.88 3.71 6.17 6.46 7.05 --
Rank within category 15 10 15 10 13 15 15 13 11 11 --
Number of funds in category 18 20 20 20 19 18 18 14 12 12 0

As on 26-Nov-2021

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 3.60 5.80 6.04 0.22% 2,893
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.86 6.45 6.68 0.21% 15,828
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.90 6.47 6.80 0.21% 14,819
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.78 6.21 6.59 0.21% 13,305
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.06 6.51 5.13 0.25% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.58 28-Oct-2020 - 28-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.76 0.73 2.59 6.55 1.32 2.70
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market 6.29 0.93 2.80 7.34 1.60 3.40
Rank within category 14 7 12 14 4 14
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 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 46 29 45
Modified Duration (yrs) 0.24 0.50 0.21 --
Average Maturity (yrs) 0.25 0.52 0.22 --
Yield to Maturity (%) 3.85 3.85 3.13 --
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
down Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 28.33 9.65
new Reliance Jio Infocomm 91-D 10/11/2021 Commercial Paper A1+ 0.00 - 6.91 6.91
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 7.26 6.89
up 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 6.50 6.50
new 8.90% Rajasthan State 20/09/2022 State Development Loan SOV 0.00 - 5.03 5.03
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 4.31 4.31
equal Reliance Industries 91-D 01/11/2021 Commercial Paper A1+ 0.00 - 4.19 3.97
equal Kotak Mahindra Prime 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 3.99 3.79
equal Reliance Industries 91-D 24/11/2021 Commercial Paper A1+ 0.00 - 3.63 3.45
equal Reliance Retail Ventures 85-D 30/11/2021 Commercial Paper A1+ 0.00 - 3.63 3.45
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.62 3.44
equal Kotak Mahindra Prime 242-D 22/02/2022 Commercial Paper A1+ 0.00 - 3.60 3.41
equal Ultratech Cement 316-D 16/03/2022 Commercial Paper A1+ 0.00 - 3.59 3.41
equal Sundaram Finance 330-D 15/03/2022 Commercial Paper A1+ 0.00 - 3.59 3.40
equal Kotak Mahindra Prime 201-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.69 2.55
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 3.99 2.54
equal Kotak Mahindra Investments 365-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.16 2.05
equal Reliance Industries 91-D 22/11/2021 Commercial Paper A1+ 0.00 - 1.82 1.72
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 1.82 1.72
new Reliance Industries 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 1.72 1.72
equal HDFC 336-D 24/02/2022 Commercial Paper A1+ 0.00 - 1.80 1.71
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 1.81 1.71
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.80 1.71
equal Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 1.79 1.70
equal HDFC 354-D 10/06/2022 Commercial Paper A1+ 0.00 - 1.78 1.69

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-2021

Fund Manager

— Brijesh Shah since 12-Jul-2021

Education: Mr. Shah is a Post Graduate Diploma in Finance.

Experience: Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.

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:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 34.4430

IDCW Weekly: ₹ 10.1056

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IDCW Periodic: ₹ 12.6139

IDCW Monthly: ₹ 10.2189

IDCW 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 (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.43%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,893 Cr (As on 31-Oct-2021)
Expense: 0.22% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0012

 25-Nov-20210.0012
 24-Nov-20210.0008
 23-Nov-20210.0011
 22-Nov-20210.0038
 18-Nov-20210.0013
 17-Nov-20210.0008
 16-Nov-20210.0014
 15-Nov-20210.0026
 12-Nov-20210.0012
 11-Nov-20210.0016
 10-Nov-20210.0009
 09-Nov-20210.0019
 08-Nov-20210.0064
 03-Nov-20210.0014
 02-Nov-20210.0013
 01-Nov-20210.0025
 29-Oct-20210.0013
 28-Oct-20210.0007
 27-Oct-20210.0003
 26-Oct-20210.0003
 25-Oct-20210.0016
 22-Oct-20210.0009
 21-Oct-20210.0006
 20-Oct-20210.0014
IDCW Weekly18-Nov-20210.0061

 12-Nov-20210.0119
 03-Nov-20210.0052
 29-Oct-20210.0042
 22-Oct-20210.0057
 14-Oct-20210.0070
 08-Oct-20210.0065
 01-Oct-20210.0050
 24-Sep-20210.0040
 17-Sep-20210.0067
 09-Sep-20210.0051
 03-Sep-20210.0085
 27-Aug-20210.0070
 20-Aug-20210.0083
 13-Aug-20210.0087
 06-Aug-20210.0063
 30-Jul-20210.0069
 23-Jul-20210.0073
 16-Jul-20210.0079
 09-Jul-20210.0071
 02-Jul-20210.0090
 18-Jun-20210.0049
 11-Jun-20210.0074
 04-Jun-20210.0065
 28-May-20210.0058
IDCW Monthly28-Oct-20210.0249

 29-Sep-20210.0235
 30-Aug-20210.0348
 29-Jul-20210.0330
 29-Jun-20210.0303
 28-May-20210.0245
 29-Apr-20210.0418
 26-Mar-20210.0366
 26-Feb-20210.0311
 28-Jan-20210.0221
 28-Dec-20200.0268
 25-Nov-20200.0293
 28-Oct-20200.0377
 28-Sep-20200.0286
 28-Aug-20200.0301
 28-Jul-20200.0440
 26-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
IDCW Periodic25-Mar-20210.8170

 24-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: [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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