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||1.88||0.03||0.04||0.17||0.43||1.08||2.05||3.24||--||--||--|
|Debt: Money Market||3.19||0.01||0.06||0.31||0.75||1.71||3.44||5.88||--||--||--|
|Rank within category||12||14||15||16||11||12||12||12||--||--||--|
|Number of funds in category||18||20||20||20||20||18||18||14||12||12||12|
As on 03-Dec-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Sundaram Money Market Fund - Regular Plan||Sep-18||3.38||5.56||--||0.33%||60|
|HDFC Money Market Fund | Invest Online||Nov-99||3.76||6.24||6.48||0.35%||15,828|
|Aditya Birla Sun Life Money Manager Fund | Invest Online||Oct-05||3.83||6.31||6.66||0.33%||14,819|
|ICICI Prudential Money Market Fund | Invest Now||Mar-06||3.69||6.06||6.45||0.33%||13,305|
|UTI Money Market Fund - Regular Plan | Invest Online||Jul-09||3.74||6.04||6.47||0.27%||9,336|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||0.97||24-Mar-2020 - 31-Mar-2020||-0.64||17-Mar-2020 - 24-Mar-2020|
|Month||1.58||24-Mar-2020 - 23-Apr-2020||-0.22||25-Feb-2020 - 26-Mar-2020|
|Quarter||2.66||24-Mar-2020 - 24-Jun-2020||0.62||24-Dec-2019 - 24-Mar-2020|
|Year||8.42||02-Nov-2018 - 04-Nov-2019||3.36||26-Nov-2020 - 26-Nov-2021|
|CCIL T Bill Liquidity Weight||3.18||0.40||-1.54||-4.30||--||--|
|Debt: Money Market||5.87||0.92||2.47||6.84||1.59||3.05|
|Rank within category||13||2||10||7||12||12|
|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-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||4||13||3||45|
|Modified Duration (yrs)||0.08||0.54||0.08||--|
|Average Maturity (yrs)||0.08||0.54||0.08||--|
|Yield to Maturity (%)||3.53||3.75||3.36||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 91-D 02/12/2021||Treasury Bills||SOV||0.00 - 41.48||41.48|
|Reserve Bank of India 182-D 09/12/2021||Treasury Bills||SOV||0.00 - 33.16||33.16|
|IIFL Wealth Prime 8-D 10/11/2021||Commercial Paper||A1+||0.00 - 8.31||8.31|
|Julius Baer Capital 53-D 30/11/2021||Commercial Paper||A1+||0.00 - 8.29||8.29|
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. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.
Experience: Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Sundaram Mutual Fund he has worked with Indian Bank.
The scheme seeks to generate income by investing in a porfolio comprising of Money Market instruments having maturity up to one year.
|Minimum Investment (₹)||1,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||100|
|Minimum No of Cheques||20|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1|
|Lock-in Period||Not Applicable|
|Fund House:||Sundaram Mutual Fund|
|Return Since Launch:||5.74%|
|Benchmark:||NIFTY Money Market Index|
|Riskometer:||Low to Moderate|
|Assets:||₹ 60 Cr (As on 31-Oct-2021)|
|Expense:||0.33% (As on 31-Oct-2021)|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Sundaram Asset Management Company Ltd
Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]