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Unrated

PGIM India Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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 0.77 0.01 0.05 0.26 0.70 1.39 3.94 -- -- -- --
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

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 3.94 -- -- 1.01 95
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 5.88 7.18 7.13 0.30 11,383
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 5.91 7.02 6.92 0.35 11,249
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.64 6.89 6.93 0.33 9,655
Axis Money Market Fund - Regular Plan
4 star
Aug-19 5.51 -- -- 0.31 2,162

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 3.94 16-Apr-2020 - 16-Apr-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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

* As on 31-Mar-2021

Portfolio Aggregates

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 -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 03/06/2021 Treasury Bills SOV 0.00 - 13.67 13.67
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 12.61 12.61
equal Network 18 Media & Inv 91-D 07/05/2021 Commercial Paper A1+ 0.00 - 10.54 10.54
equal Axis Securities 129-D 24/05/2021 Commercial Paper A1+ 0.00 - 10.52 10.52
equal L&T Finance 248-D 21/06/2021 Commercial Paper A1+ 0.00 - 10.50 10.50
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 10.45 10.45
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 10.36 10.36
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 10.29 10.29
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 8.31 8.31

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-Mar-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 16-Apr-2021

Growth: ₹ 1,044.3890

IDCW Weekly: ₹ 1,000.3470

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IDCW Monthly: ₹ 1,002.4329

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: 3.98%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 95 Cr (As on 31-Mar-2021)
Expense: 1.01% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0990

 15-Apr-20210.1959
 12-Apr-20210.1902
 09-Apr-20210.0040
 08-Apr-20210.0278
 07-Apr-20210.0747
 06-Apr-20210.0926
 05-Apr-20210.3802
 31-Mar-20210.0868
 30-Mar-20210.3310
 26-Mar-20210.1395
 25-Mar-20210.0878
 24-Mar-20210.1652
 23-Mar-20210.2266
 22-Mar-20210.1361
 19-Mar-20210.2709
 18-Mar-20210.0712
 17-Mar-20210.0348
 16-Mar-20210.0905
 15-Mar-20210.1080
 12-Mar-20210.1378
 10-Mar-20210.1175
 09-Mar-20210.0737
 08-Mar-20210.2188
 05-Mar-20210.0130
IDCW Weekly16-Apr-20210.5165

 09-Apr-20210.6408
 31-Mar-20210.3733
 26-Mar-20210.5065
 19-Mar-20210.5060
 12-Mar-20210.4869
 05-Mar-20210.5551
 26-Feb-20210.6058
 18-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
IDCW Monthly26-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

Upcoming Video

Investors' Hangout

How to optimise returns with measured risk

DateFriday, 23-Apr-2021
Time12:30 PM - 01:00 PM