1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
"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:
|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||4.49|
|Debt: Money Market||3.12||0.01||0.07||0.30||0.78||1.72||3.40||5.92||6.19||6.78||7.54|
|Rank within category||2||4||8||3||2||1||2||2||1||1||1|
|Number of funds in category||18||20||20||20||19||18||18||14||12||12||12|
As on 26-Nov-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Aditya Birla Sun Life Money Manager Fund | Invest Online||Oct-05||3.79||6.34||6.67||0.33%||14,819|
|HDFC Money Market Fund | Invest Online||Nov-99||3.72||6.27||6.48||0.35%||15,828|
|ICICI Prudential Money Market Fund | Invest Now||Mar-06||3.65||6.09||6.46||0.33%||13,305|
|Tata Money Market Fund - Regular Plan | Invest Online||May-03||3.86||6.35||5.00||0.43%||7,126|
|Axis Money Market Fund - Regular Plan||Aug-19||3.69||--||--||0.35%||3,810|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||1.73||24-Mar-2020 - 31-Mar-2020||-9.57||29-Apr-2007 - 06-May-2007|
|Month||2.55||24-Mar-2020 - 23-Apr-2020||-9.17||13-Apr-2007 - 13-May-2007|
|Quarter||4.17||24-Mar-2020 - 24-Jun-2020||-8.31||29-Apr-2007 - 29-Jul-2007|
|Year||9.97||12-Aug-2011 - 13-Aug-2012||-2.93||02-Aug-2006 - 02-Aug-2007|
|CCIL T Bill Liquidity Weight||3.25||0.40||-1.53||-4.22||--||--|
|Debt: Money Market||6.01||0.93||2.51||6.57||1.60||3.12|
|Rank within category||3||9||2||3||7||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 31-Oct-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||88||89||66||45|
|Modified Duration (yrs)||0.31||0.48||0.31||--|
|Average Maturity (yrs)||0.31||0.49||0.31||--|
|Yield to Maturity (%)||4.17||4.17||3.47||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.79% GOI 2021||Central Government Loan||SOV||0.00 - 16.30||7.50|
|Panatone Finvest 277-D 11/02/2022||Commercial Paper||A1+||0.00 - 6.06||5.66|
|Reliance Industries 91-D 07/12/2021||Commercial Paper||A1+||0.00 - 4.12||4.03|
|Tata Motors 216-D 30/11/2021||Commercial Paper||A1+||0.00 - 3.61||3.36|
|Reserve Bank of India 91-D 23/12/2021||Treasury Bills||SOV||0.00 - 3.43||3.36|
|Sikka Ports and Terminals 243-D 21/06/2022||Commercial Paper||A1+||0.00 - 2.63||2.63|
|LIC Housing Fin. 171-D 20/12/2021||Commercial Paper||A1+||0.00 - 2.40||2.35|
|Sikka Ports and Terminals 157-D 30/12/2021||Commercial Paper||A1+||0.00 - 2.40||2.35|
|6.10% Karnataka State 2021||State Development Loan||SOV||0.00 - 2.08||2.03|
|Chennai Petroleum Corporation 92-D 03/11/2021||Commercial Paper||A1+||0.00 - 2.07||2.02|
|The Federal Bank 2022||Certificate of Deposit||A1+||0.00 - 2.14||2.00|
|Ashok Leyland 298-D 15/03/2022||Commercial Paper||A1+||0.00 - 1.99||1.99|
|Jamnagar Utilities and Power 243-D 21/06/2022||Commercial Paper||A1+||0.00 - 1.97||1.97|
|National Bank Agr. Rur. Devp 18/02/2022||Commercial Paper||A1+||0.00 - 1.97||1.83|
|SIDBI 25/03/2022||Commercial Paper||A1+||0.00 - 2.11||1.83|
|Panatone Finvest 364-D 30/08/2022||Commercial Paper||A1+||0.00 - 1.83||1.78|
|5.09% GOI 13/04/2022||GOI Securities||SOV||0.00 - 1.81||1.76|
|HDFC 354-D 29/11/2021||Commercial Paper||A1+||0.00 - 2.53||1.68|
|Jamnagar Utilities and Power 140-D 27/12/2021||Commercial Paper||A1+||0.00 - 1.71||1.68|
|Axis Bank 2022||Certificate of Deposit||A1+||0.00 - 1.79||1.67|
|SIDBI 18/03/2022||Commercial Paper||A1+||0.00 - 1.70||1.66|
|Ashok Leyland 249-D 29/03/2022||Commercial Paper||A1+||0.00 - 1.69||1.66|
|Indusind Bank 15/11/2021||Certificate of Deposit||A1+||0.00 - 1.63||1.52|
|Hindustan Zinc 2021||Commercial Paper||A1+||0.00 - 1.45||1.35|
|LIC Housing Fin. 355-D 14/12/2021||Commercial Paper||A1+||0.00 - 2.02||1.34|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Oct-2021
Education: Mr. Jain is a B.Com (H) from Hansraj College and MBA from Amity Business School.
Experience: Prior to joining Escorts MF he has worked with Mata Securities and DSP Investment Managers.
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).
Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
|Minimum Investment (₹)||1,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1|
|Minimum Balance (₹)||500|
|Lock-in Period||Not Applicable|
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Return Since Launch:||7.63%|
|Benchmark:||NIFTY Money Market Index|
|Assets:||₹ 14,819 Cr (As on 31-Oct-2021)|
|Expense:||0.33% (As on 31-Oct-2021)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Aditya Birla Sun Life AMC Ltd.
Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013
Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000
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
Email: [email protected]