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PGIM India Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.03 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 2.60 0.02 0.06 0.30 0.66 1.50 2.81 -- -- -- --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 -- -- -- --
Debt: Money Market 3.15 0.03 0.07 0.32 0.79 1.72 3.40 -- -- -- --
Rank within category 18 20 15 16 18 16 18 -- -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Money Market Fund - Regular Plan  | Invest Online
1 star
Mar-20 2.81 -- -- 1.03% 96
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.71 6.26 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.78 6.33 6.67 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.65 6.07 6.46 0.33% 13,305
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.86 6.32 4.99 0.43% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.98 24-Mar-2020 - 31-Mar-2020 -0.72 17-Mar-2020 - 24-Mar-2020
Month 1.55 24-Mar-2020 - 23-Apr-2020 0.10 06-Jan-2021 - 05-Feb-2021
Quarter 2.62 24-Mar-2020 - 24-Jun-2020 0.59 10-Nov-2020 - 09-Feb-2021
Year 5.02 24-Mar-2020 - 25-Mar-2021 2.75 27-Oct-2020 - 27-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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 -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 15 8 45
Modified Duration (yrs) 0.37 0.51 0.19 --
Average Maturity (yrs) 0.39 0.51 0.20 --
Yield to Maturity (%) 4.10 4.10 3.47 --
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
equal 9.15% Kerala State 23/05/2022 State Development Loan SOV 0.00 - 10.84 10.69
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 10.30 10.22
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 10.18 10.09
equal Aditya Birla Money 90-D 25/11/2021 Commercial Paper A1+ 0.00 - 9.39 9.33
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 9.34 9.28
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 9.29 9.23
new 8.92% Kerala State 2022 State Development Loan SOV 0.00 - 5.38 5.38
equal 9.13% Gujarat State 2022 State Development Loan SOV 0.00 - 5.41 5.34
equal 9.12% Gujarat State 23/05/2022 State Development Loan SOV 0.00 - 5.42 5.34
equal 9.14% Kerala State 25/04/2022 State Development Loan SOV 0.00 - 5.40 5.33
equal 9.01% Jammu & Kashmir State 2022 State Development Loan SOV 0.00 - 5.37 5.29
equal 9.04% West Bengal State 2021 State Development Loan SOV 0.00 - 5.30 5.23

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

— Kumaresh Ramakrishnan since 28-Feb-2020

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:

— Kunal Jain since 28-Feb-2020

Education: Mr. Jain is a B.Com and MBA (Marketing).

Experience: Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.

Funds Managed:


0.02%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 1,063.3946

IDCW Weekly: ₹ 1,000.1898

More

IDCW Monthly: ₹ 1,001.2194

IDCW Daily: ₹ 1,006.0783


Investment Strategy

The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 06-Mar-2020
Return Since Launch: 3.61%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 96 Cr (As on 31-Oct-2021)
Expense: 1.03% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.1132

 25-Nov-20210.1882
 24-Nov-20210.0144
 23-Nov-20210.1130
 22-Nov-20210.4509
 18-Nov-20210.1616
 17-Nov-20210.0617
 16-Nov-20210.1494
 15-Nov-20210.1582
 12-Nov-20210.0964
 11-Nov-20210.0609
 09-Nov-20210.1782
 08-Nov-20210.5687
 03-Nov-20210.1007
 02-Nov-20210.1950
 01-Nov-20210.0628
 25-Oct-20210.0870
 18-Oct-20210.1505
 14-Oct-20210.0585
 13-Oct-20210.1381
 12-Oct-20210.1944
 11-Oct-20210.6225
 08-Oct-20210.1209
 05-Oct-20210.0409
 04-Oct-20210.1658
IDCW Weekly26-Nov-20210.8732

 18-Nov-20210.5302
 12-Nov-20210.8971
 03-Nov-20210.4668
 22-Oct-20210.1245
 14-Oct-20211.0062
 08-Oct-20210.3707
 01-Oct-20210.2442
 24-Sep-20210.2492
 17-Sep-20210.5553
 09-Sep-20210.3721
 03-Sep-20210.7332
 27-Aug-20210.7876
 20-Aug-20210.9223
 13-Aug-20210.7570
 06-Aug-20210.5745
 30-Jul-20210.6220
 23-Jul-20210.6495
 16-Jul-20210.6486
 09-Jul-20210.6255
 02-Jul-20210.7928
 25-Jun-20210.5291
 18-Jun-20210.2982
 11-Jun-20210.5732
 04-Jun-20210.5539
IDCW Monthly24-Sep-20212.8000

 27-Aug-20213.9000
 30-Jul-20213.9000
 28-May-20212.6000
 30-Apr-20212.6000
 26-Mar-20213.9200
 26-Feb-20213.9200
 29-Jan-20213.9200
 24-Dec-20203.9200
 27-Nov-20203.9200
 29-Oct-20203.9200
 25-Sep-20204.3500
 28-Aug-20204.3500
 31-Jul-20204.3500
 29-Jun-20204.8500

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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