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||0.54||0.02||0.02||0.20||0.49||0.99||2.47||--||--||--||--|
|Debt: Money Market||0.98||0.01||0.06||0.38||0.89||1.71||5.04||--||--||--||--|
|Rank within category||16||11||15||17||16||16||16||--||--||--||--|
|Number of funds in category||18||18||18||18||18||17||17||13||12||12||12|
As on 16-Apr-2021
|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||Mar-20||3.94||--||--||1.01||95|
|Aditya Birla Sun Life Money Manager Fund | Invest Online||Oct-05||5.88||7.18||7.13||0.30||11,383|
|HDFC Money Market Fund | Invest Online||Nov-99||5.91||7.02||6.92||0.35||11,249|
|ICICI Prudential Money Market Fund | Invest Now||Mar-06||5.64||6.89||6.93||0.33||9,655|
|Axis Money Market Fund - Regular Plan||Aug-19||5.51||--||--||0.31||2,162|
|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||3.94||16-Apr-2020 - 16-Apr-2021|
|CCIL T Bill Liquidity Weight*||3.60||0.37||-2.39||-5.59||--||--|
|Debt: Money Market*||6.50||1.10||2.58||5.07||1.41||3.26|
|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 31-Mar-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||9||15||9||33|
|Modified Duration (yrs)||0.25||0.51||0.25||0.42|
|Average Maturity (yrs)||0.26||0.52||0.26||0.43|
|Yield to Maturity (%)||3.51||5.40||3.47||3.74|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 91-D 03/06/2021||Treasury Bills||SOV||0.00 - 13.67||13.67|
|Export-Import Bank 2021||Certificate of Deposit||A1+||0.00 - 12.61||12.61|
|Network 18 Media & Inv 91-D 07/05/2021||Commercial Paper||A1+||0.00 - 10.54||10.54|
|Axis Securities 129-D 24/05/2021||Commercial Paper||A1+||0.00 - 10.52||10.52|
|L&T Finance 248-D 21/06/2021||Commercial Paper||A1+||0.00 - 10.50||10.50|
|National Bank Agr. Rur. Devp 199-D 02/08/2021||Commercial Paper||A1+||0.00 - 10.45||10.45|
|Axis Bank 22/10/2021||Certificate of Deposit||A1+||0.00 - 10.36||10.36|
|Reliance Industries 327-D 15/06/2021||Commercial Paper||A1+||0.00 - 10.29||10.29|
|HDFC-Warrant 347-D 24/09/2021||Commercial Paper||A1+||0.00 - 8.31||8.31|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Mar-2021
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.
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.
Personal finance advice and mutual fund ideas delivered to your inbox every Monday
The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments.
|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|
|Fund House:||PGIM India Mutual Fund|
|Return Since Launch:||3.98%|
|Benchmark:||CRISIL Money Market Index|
|Riskometer:||Low to Moderate|
|Assets:||₹ 95 Cr (As on 31-Mar-2021)|
|Expense:||1.01% (As on 31-Mar-2021)|
|Plan||Record Date||Dividend (₹ / Unit)|
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]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]