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Unrated

PGIM India Money Market Fund - Regular Plan


Debt: Money Market

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 0.39 0.01 0.06 0.28 0.62 1.47 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.28 0.01 -0.01 0.20 0.45 1.09 -- -- -- -- --
Debt: Money Market 0.58 0.01 0.06 0.43 0.87 1.88 -- -- -- -- --
Rank within category 15 18 10 14 17 16 -- -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 13 12 12 12

As on 25-Feb-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
Unrated
Mar-20 -- -- -- 1.00 113
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.07 7.15 7.04 0.35 10,530
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.81 7.06 7.06 0.33 10,355
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.07 7.35 7.27 0.33 10,189
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.96 4.56 5.54 0.44 1,874

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 -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.72 0.36 -2.62 -5.07 -- --
Debt: Money Market* 6.64 1.06 2.61 4.91 1.39 3.28
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-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 15 9 37
Modified Duration (yrs) 0.31 0.51 0.31 --
Average Maturity (yrs) 0.32 0.52 0.32 --
Yield to Maturity (%) 3.67 5.82 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 Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 11.42 10.46
new Chennai Petroleum Corp. 90-D 18/03/2021 Commercial Paper A1+ 0.00 - 8.79 8.79
new Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 8.79 8.79
new IRFC 87-D 12/04/2021 Commercial Paper A1+ 0.00 - 8.77 8.77
new Network 18 Media & Inv Commercial Paper A1+ 0.00 - 8.75 8.75
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 10.67 8.73
new Axis Securities 129-D 24/05/2021 Commercial Paper A1+ 0.00 - 8.72 8.72
equal L&T Finance 248-D 21/06/2021 Commercial Paper A1+ 0.00 - 9.49 8.69
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 9.35 8.55
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 9.32 8.53
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 6.89 6.88
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 4.41 4.41
new SBI Cards & Payments Services 91-D 01/02/2021 Commercial Paper A1+ 0.00 - 3.53 3.53
new HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 7.94 3.53
new Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 1.72 1.72

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-Jan-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:


0.01%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 1,040.4870

Dividend Weekly: ₹ 1,000.7910

More

Dividend Monthly: ₹ 1,006.5130

Dividend 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: 4.05%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 113 Cr (As on 31-Jan-2021)
Expense: 1.00% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20210.2236

 23-Feb-20210.0045
 22-Feb-20210.3632
 18-Feb-20210.2725
 17-Feb-20210.1514
 16-Feb-20210.0585
 15-Feb-20210.3323
 12-Feb-20210.0861
 11-Feb-20210.0652
 10-Feb-20210.2214
 09-Feb-20210.0571
 08-Feb-20210.2156
 05-Feb-20210.0882
 04-Feb-20210.0307
 03-Feb-20210.0173
 02-Feb-20210.0638
 01-Feb-20210.2211
 29-Jan-20210.1175
 28-Jan-20210.0898
 27-Jan-20210.0784
 25-Jan-20210.1523
 08-Jan-20210.0874
 07-Jan-20210.0393
 06-Jan-20210.1108
 05-Jan-20210.2115
Dividend Weekly18-Feb-20210.6709

 12-Feb-20210.6409
 05-Feb-20210.4444
 29-Jan-20210.4793
 22-Jan-20210.2648
 15-Jan-20210.3176
 08-Jan-20211.0034
 01-Jan-20210.6318
 24-Dec-20200.5358
 18-Dec-20200.5291
 11-Dec-20200.5424
 04-Dec-20200.5809
 27-Nov-20201.1756
 20-Nov-20200.5707
 13-Nov-20200.6875
 06-Nov-20200.6594
 29-Oct-20200.6228
 23-Oct-20200.6309
 16-Oct-20200.8778
 09-Oct-20200.8509
 01-Oct-20200.5847
 25-Sep-20200.9029
 18-Sep-20201.1420
 11-Sep-20200.4807
 04-Sep-20200.7584
Dividend Monthly29-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: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

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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