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Tata Money Market Fund - Regular Plan

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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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 6.10 0.01 0.03 0.30 1.09 2.61 6.45 4.80 5.73 6.58 7.37
CCIL T Bill Liquidity Weight 2.96 -0.02 0.00 0.20 0.56 1.16 3.17 3.87 4.09 4.52 4.74
Debt: Money Market 5.30 0.00 0.03 0.27 0.92 2.18 5.66 6.91 7.09 7.57 8.06
Rank within category 3 6 8 6 2 3 3 12 12 12 12
Number of funds in category 18 20 20 19 19 19 18 12 12 12 12

As on 03-Dec-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 6.45 4.80 5.73 0.43 1,093
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 6.64 7.41 7.25 0.35 12,795
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 6.75 7.60 7.47 0.34 11,974
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.31 7.33 7.27 0.33 11,577
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
 Feb-02 6.10 7.32 7.49 0.28 1,336

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.74 (24-Mar-2020 - 31-Mar-2020) -5.89 (25-Oct-2018 - 01-Nov-2018)
Month 2.46 (24-Mar-2020 - 23-Apr-2020) -5.46 (05-Oct-2018 - 06-Nov-2018)
Quarter 3.98 (24-Mar-2020 - 24-Jun-2020) -5.90 (07-Aug-2018 - 06-Nov-2018)
Year 9.82 (24-Aug-2011 - 23-Aug-2012) -0.72 (01-Nov-2017 - 01-Nov-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.78 3.61 -0.03 -0.01 0.23 0.15
CCIL T Bill Liquidity Weight 3.83 0.33 -3.20 -6.41 -- --
Debt: Money Market 6.77 1.03 2.78 5.68 1.32 3.27
Rank within category 15 15 15 15 1 15
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-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 25 9 42
Modified Duration (yrs) 0.38 0.79 0.36 --
Average Maturity (yrs) 0.38 0.79 0.36 --
Yield to Maturity (%) 3.59 6.13 3.59 --
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 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 21.84 21.68
new 7.80% GOI 2021 Central Government Loan SOV 0.00 - 9.33 9.33
new Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 5.87 5.87
new ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 7.29 4.54
equal Network 18 Media & Inv 167-D 25/02/2021 Commercial Paper A1+ 0.00 - 7.79 4.52
equal Reliance Retail Ventures 200-D 15/03/2021 Commercial Paper A1+ 0.00 - 7.78 4.52
new Tata Motors Finance 198-D 13/05/2021 Commercial Paper A1+ 0.00 - 4.46 4.46
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 8.54 4.45
new Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 4.41 4.41
equal Sundaram Home Finance 174-D 08/03/2021 Commercial Paper A1+ 0.00 - 5.44 3.16
equal Tata Teleservices (Mah) 90-D 14/12/2020 Commercial Paper A1+ 0.00 - 3.91 2.28
new SIDBI 14/01/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
equal HDFC Securities 180-D 19/01/2021 Commercial Paper A1+ 0.00 - 4.58 2.27
equal Standard Chartered Invest&Loan 283-D 15/02/2021 Commercial Paper A1+ 0.00 - 8.29 2.26
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 4.33 2.26
equal Adani Ports and Special Economic Zone 200-D 05/03/2021 Commercial Paper A1+ 0.00 - 4.33 2.26
equal Deutsche Investments 169-D 09/03/2021 Commercial Paper A1+ 0.00 - 3.86 2.25
equal Tata Power 272-D 25/03/2021 Commercial Paper A1+ 0.00 - 5.63 2.25
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 4.30 2.24
new L&T Infrastructre Finance 242-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.23 2.23
new L&T Finance 242-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.23 2.23
equal Tata Teleservices (Mah) 90-D 09/11/2020 Commercial Paper A1+ 0.00 - 3.51 1.83
equal SBI Global Factors 199-D 22/02/2021 Commercial Paper A1+ 0.00 - 2.60 1.36
equal 8.50% Tamilnadu State 17/02/2021 State Development Loan SOV 0.00 - 0.07 0.04
equal 8.51% Andhra Pradesh State 17/02/2021 State Development Loan SOV 0.00 - 0.05 0.03

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

— Amit Somani since 16-Oct-2013

Education: Mr.Somani is a B.Com, PGDBM and CFA.

Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 03-Dec-2020

Growth: ₹ 3,594.6740

Dividend Daily: ₹ 1,114.4501

Investment Strategy

The scheme seeks to generate returns with reasonable liquidity to the unit holders 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 (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 22-May-2003
Return Since Launch: 6.92%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,093 Cr (As on 31-Oct-2020)
Expense: 0.43% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily01-Dec-20200.2945

 27-Nov-20200.1697
 26-Nov-20200.1663
 25-Nov-20200.1557
 24-Nov-20200.0919
 23-Nov-20200.2940
 20-Nov-20200.1599
 19-Nov-20200.2167
 18-Nov-20200.2101
 17-Nov-20200.3906
 13-Nov-20200.1602
 12-Nov-20200.1770
 11-Nov-20200.1129
 10-Nov-20200.1417
 09-Nov-20200.3504
 06-Nov-20200.1443
 05-Nov-20200.1267
 04-Nov-20200.1488
 03-Nov-20200.1213
 02-Nov-20200.4320
 29-Oct-20200.1309
 28-Oct-20200.1515
 27-Oct-20200.1241
 26-Oct-20200.3364
 23-Oct-20200.0516
Dividend Monthly27-Oct-20173.7642

 27-Sep-20173.6417
 29-Aug-20174.1802
 27-Jul-20173.7917
 28-Jun-20173.8442
 29-May-20174.2116
 26-Apr-20173.5124
 30-Mar-20174.5655
 23-Feb-20173.4792
 27-Jan-20173.8687
 28-Dec-20163.6735
 28-Nov-20164.3665
 26-Oct-20163.7371
 28-Sep-20164.0155
 29-Aug-20164.5516
 27-Jul-20164.2263
 28-Jun-20164.7606
 27-May-20164.6139
 27-Apr-20164.9338
 30-Mar-20165.4187
 25-Feb-20164.3012
 27-Jan-20164.2354
 29-Dec-20154.8144
 26-Nov-20154.2557
 28-Oct-20154.6729
Dividend Weekly24-Oct-20170.8471

 17-Oct-20170.8828
 10-Oct-20170.8682
 03-Oct-20170.9181
 26-Sep-20170.8903
 19-Sep-20170.8887
 12-Sep-20170.8652
 05-Sep-20170.8629
 29-Aug-20170.8700
 22-Aug-20170.8807
 15-Aug-20170.8877
 08-Aug-20170.9070
 01-Aug-20170.8807
 25-Jul-20170.8969
 18-Jul-20170.9103
 11-Jul-20170.9273
 04-Jul-20170.9310
 27-Jun-20170.9061
 20-Jun-20170.8955
 13-Jun-20170.8860
 06-Jun-20170.8902
 30-May-20170.8953
 23-May-20170.9016
 16-May-20170.9205
 09-May-20170.8638

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.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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