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Baroda Money Market Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.30 Lakh

Analyst's Choice?

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 0.45 1.54 -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 0.89 -- -- -- --
Debt: Money Market -- 0.48 1.58 -- -- -- --
Rank within category -- 14 16 -- -- -- --
Number of funds in category 17 19 19 17 13 13 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 0.91 (02-Jul-2019 - 01-Aug-2019) 0.44 (26-Aug-2019 - 25-Sep-2019)
Quarter 2.05 (02-Jul-2019 - 01-Oct-2019) 1.58 (09-Aug-2019 - 08-Nov-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market* 6.87 0.70 2.72 7.64 0.98 2.73
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 6 6 41
Modified Duration (yrs) 0.23 0.43 0.01 0.35
Average Maturity (yrs) 0.24 0.46 0.01 0.35
Yield to Maturity (%) 5.16 6.46 5.16 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal HDB Financial Services 352-D 04/03/2020 Commercial Paper A1+ 10.83 - 23.80 22.31
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 11.62 - 24.29 17.54
equal Axis Finance 273-D 06/03/2020 Commercial Paper A1+ 7.73 - 16.99 15.93
equal SIDBI 2020 Certificate of Deposit A1+ 7.75 - 17.00 15.93
equal Indusind Bank 2020 Certificate of Deposit A1+ 11.15 - 20.19 11.15
equal HDFC 352-D 27/02/2020 Commercial Paper A1+ 7.98 - 20.20 7.98

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-Nov-2019

Fund Manager

— Alok Sahoo since 13-Jun-2019

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:

— Karn Kumar since 13-Jun-2019

Education: Mr. Kumar is CA and B.com(Hons)

Experience: Prior to joining Baroda Pioneer Mutual Fund, he has worked with CRISIL Ltd, ICICI bank and Sterlite Industries ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 1,035.2433

Dividend Weekly: ₹ 1,004.6781

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Dividend Monthly: ₹ 1,007.2722

Dividend Daily: ₹ 1,005.7608


Investment Strategy

The scheme seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made 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 (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 19-Jun-2019
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 62 Cr (As on 30-Nov-2019)
Expense: 0.61% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.0501

 12-Dec-20190.0408
 11-Dec-20190.1235
 10-Dec-20190.1913
 09-Dec-20190.2811
 04-Dec-20190.1215
 03-Dec-20190.1794
 02-Dec-20190.2905
 29-Nov-20190.1477
 28-Nov-20190.1435
 27-Nov-20190.1753
 26-Nov-20190.1775
 25-Nov-20190.2909
 22-Nov-20190.0268
 21-Nov-20190.1041
 20-Nov-20190.0869
 19-Nov-20190.1564
 18-Nov-20190.2853
 15-Nov-20190.1989
 14-Nov-20190.1600
 13-Nov-20190.2492
 11-Nov-20190.3948
 08-Nov-20190.0411
 05-Nov-20190.0402
 04-Nov-20190.3000
Dividend Weekly09-Dec-20190.9579

 02-Dec-20190.8782
 25-Nov-20190.9370
 18-Nov-20190.9718
 11-Nov-20191.0082
 04-Nov-20190.8049
 29-Oct-20190.8907
 22-Oct-20191.1785
 14-Oct-20190.8128
 07-Oct-20190.9331
 30-Sep-20190.5010
 23-Sep-20190.8546
 16-Sep-20190.1866
 09-Sep-20190.7215
 03-Sep-20190.9562
 26-Aug-20190.7699
 19-Aug-20190.7805
 13-Aug-20191.4687
 05-Aug-20190.8897
 29-Jul-20190.8144
 22-Jul-20190.8999
 15-Jul-20190.8288
 08-Jul-20191.3362
 01-Jul-20190.9445
 24-Jun-20190.6613

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM