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2 star

PGIM India Money Market Fund - Direct 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 3.53 0.05 0.10 0.33 0.84 1.94 3.76 -- -- -- --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 -- -- -- --
Debt: Money Market 3.53 0.02 0.08 0.33 0.84 1.87 3.76 -- -- -- --
Rank within category 12 1 1 9 11 3 12 -- -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 0

As on 08-Dec-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 - Direct Plan  | Invest Online
2 star
Mar-20 3.76 -- -- 0.15% 87
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.95 6.40 6.78 0.21% 16,641
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.92 6.39 6.67 0.21% 15,828
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.82 6.15 6.57 0.21% 13,562
Tata Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.12 6.42 5.12 0.25% 8,072

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.99 24-Mar-2020 - 31-Mar-2020 -0.71 17-Mar-2020 - 24-Mar-2020
Month 1.60 24-Mar-2020 - 23-Apr-2020 0.17 06-Jan-2021 - 05-Feb-2021
Quarter 2.84 24-Mar-2020 - 24-Jun-2020 0.81 10-Nov-2020 - 09-Feb-2021
Year 5.94 24-Mar-2020 - 25-Mar-2021 3.67 27-Oct-2020 - 27-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market* 6.15 0.92 2.77 7.74 1.59 3.33
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 15 8 48
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 - 11.76 11.76
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 11.34 11.34
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 11.18 11.18
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 10.28 10.28
equal Network 18 Media & Inv 320-D 14/03/2022 Commercial Paper A1+ 0.00 - 10.23 10.23
equal 8.92% Kerala State 2022 State Development Loan SOV 0.00 - 5.92 5.92
equal 9.12% Gujarat State 23/05/2022 State Development Loan SOV 0.00 - 5.88 5.88
equal 9.13% Gujarat State 2022 State Development Loan SOV 0.00 - 5.87 5.87
equal 9.14% Kerala State 25/04/2022 State Development Loan SOV 0.00 - 5.86 5.86
equal 9.01% Jammu & Kashmir State 2022 State Development Loan SOV 0.00 - 5.82 5.82
equal 9.04% West Bengal State 2021 State Development Loan SOV 0.00 - 5.75 5.75
new Others CBLO -- - 8.75

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-2021

*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:


0.05%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 1,080.5521

IDCW Weekly: ₹ 1,000.9820

More

IDCW Monthly: ₹ 1,007.2419

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: 4.50%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 87 Cr (As on 30-Nov-2021)
Expense: 0.15% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.3109

 03-Dec-20210.0408
 30-Nov-20210.1174
 29-Nov-20210.2626
 26-Nov-20210.1314
 25-Nov-20210.2073
 24-Nov-20210.0334
 23-Nov-20210.1303
 22-Nov-20210.5461
 18-Nov-20210.1877
 17-Nov-20210.0804
 16-Nov-20210.1678
 15-Nov-20210.2270
 12-Nov-20210.1297
 11-Nov-20210.1066
 09-Nov-20210.2099
 08-Nov-20210.6971
 03-Nov-20210.1203
 02-Nov-20210.2115
 01-Nov-20210.2472
 25-Oct-20210.1838
 22-Oct-20210.0745
 18-Oct-20210.2511
 14-Oct-20210.0937
 13-Oct-20210.1663
IDCW Weekly03-Dec-20210.4215

 26-Nov-20211.0725
 18-Nov-20210.6750
 12-Nov-20211.1203
 03-Nov-20210.5986
 29-Oct-20210.1663
 22-Oct-20210.3350
 14-Oct-20211.1720
 08-Oct-20210.5561
 01-Oct-20210.4164
 24-Sep-20210.4237
 17-Sep-20210.7617
 09-Sep-20210.5308
 03-Sep-20210.9058
 27-Aug-20210.9554
 20-Aug-20211.0923
 13-Aug-20210.9380
 06-Aug-20210.7522
 30-Jul-20210.7885
 23-Jul-20210.8179
 16-Jul-20210.8219
 09-Jul-20210.8050
 02-Jul-20210.9686
 25-Jun-20210.7070
 18-Jun-20210.4719
IDCW Monthly26-Nov-20214.2000

 24-Sep-20213.6000
 27-Aug-20214.7000
 30-Jul-20214.7000
 28-May-20213.0000
 30-Apr-20213.0000
 25-Mar-20214.2800
 26-Feb-20214.3200
 29-Jan-20214.3200
 24-Dec-20204.3200
 27-Nov-20204.3200
 29-Oct-20204.3200
 25-Sep-20205.2000
 28-Aug-20205.2000
 31-Jul-20205.2000
 29-Jun-20205.2000

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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