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5 star

HDFC Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 0.15 0.01 0.05 0.24 0.84 1.94 6.35 7.25 7.12 7.55 8.06
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Money Market 0.13 0.01 0.04 0.22 0.76 1.73 5.35 6.77 6.96 7.44 8.00
Rank within category 6 7 6 6 6 6 2 2 7 7 8
Number of funds in category 20 20 20 20 19 19 18 12 12 12 12

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.35 7.25 7.12 0.35 11,197
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.38 7.43 7.34 0.34 9,548
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 6.02 7.16 7.14 0.33 8,884
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 6.19 4.65 5.61 0.44 1,524
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
Feb-02 5.79 7.23 7.38 0.28 1,233

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.82 (24-Mar-2020 - 31-Mar-2020) -1.19 (17-Mar-2020 - 24-Mar-2020)
Month 2.72 (24-Mar-2020 - 23-Apr-2020) -0.88 (20-Feb-2020 - 23-Mar-2020)
Quarter 4.38 (24-Mar-2020 - 24-Jun-2020) -0.17 (24-Dec-2019 - 24-Mar-2020)
Year 9.85 (29-Sep-2011 - 30-Sep-2012) 4.56 (25-Jun-2009 - 25-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.11 0.67 3.48 7.34 1.16 3.48
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Money Market 6.73 1.04 2.76 5.46 1.34 3.28
Rank within category 3 9 6 5 9 4
Number of funds in category 15 15 15 15 15 15

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 74 74 35 39
Modified Duration (yrs) 0.23 0.80 0.23 0.31
Average Maturity (yrs) 0.23 0.86 0.23 0.30
Yield to Maturity (%) 3.40 6.13 3.30 3.33
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 Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 7.62 7.62
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 3.88 - 7.28 4.46
equal Tata Capital Housing Finance 365-D 12/02/2021 Commercial Paper A1+ 0.00 - 7.23 4.45
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 6.92 4.22
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.24 4.22
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 5.83 3.77
equal Cholamandalam Invest. & Fin. 261-D 26/02/2021 Commercial Paper A1+ 0.00 - 4.60 3.55
equal LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.02 3.11
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 4.27 2.93
equal Tata Motors 330-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.25 2.66
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.45 2.66
equal Bajaj Housing Finance 366-D 28/01/2021 Commercial Paper A1+ 1.94 - 3.63 2.23
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 2.15 2.15
new Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.79 1.79
equal Daimler Financial Services 234-D 18/02/2021 Commercial Paper A1+ 0.00 - 2.30 1.78
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.85 1.78
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.91 1.78
equal Bharti Hexacom 364-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.87 1.78
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.98 - 2.32 1.78
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.56 1.56
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.86 1.56
down ICICI Bank 25/01/2021 Certificate of Deposit A1+ 1.56 - 5.50 1.56
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 2.19 1.56
equal Daimler Financial Services 206-D 21/01/2021 Commercial Paper A1+ 0.00 - 1.73 1.34
equal AU Small Finance Bank 24/02/2021 Certificate of Deposit A1+ 0.00 - 2.17 1.33

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-Dec-2020

Fund Manager

— Vikash Agarwal since 01-Jul-2020

Education: Mr. Agarwal is a B.Com., CA, CFA

Experience: Prior to joining HDFC AMC, he has worked with Larsen & Toubro Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 4,384.8221

Dividend Weekly: ₹ 1,062.4700

Dividend Daily: ₹ 1,063.6400


Investment Strategy

The scheme seeks to generate income / capital appreciation by investing in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 18-Nov-1999
Return Since Launch: 7.45%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,197 Cr (As on 31-Dec-2020)
Expense: 0.35% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly22-Jan-20210.5225

 15-Jan-20210.3234
 08-Jan-20210.5692
 01-Jan-20210.5702
 28-Dec-20200.9579
 18-Dec-20200.5767
 11-Dec-20200.5917
 04-Dec-20200.4345
 27-Nov-20200.7708
 20-Nov-20200.9634
 13-Nov-20200.9378
 06-Nov-20200.4792
 02-Nov-20201.0258
 23-Oct-20200.8103
 16-Oct-20200.8455
 09-Oct-20200.9924
 05-Oct-20201.4965
 25-Sep-20200.6727
 18-Sep-20200.7171
 11-Sep-20200.6427
 04-Sep-20200.8246
 28-Aug-20200.6250
 21-Aug-20201.4109
 14-Aug-20200.8770
 07-Aug-20200.8176
Dividend Daily21-Jan-20210.0925

 20-Jan-20210.1102
 19-Jan-20210.0986
 18-Jan-20210.0007
 15-Jan-20210.2210
 14-Jan-20210.0476
 12-Jan-20210.1038
 11-Jan-20210.1723
 07-Jan-20210.0820
 06-Jan-20210.0379
 05-Jan-20210.0403
 04-Jan-20210.0990
 01-Jan-20210.3106
 31-Dec-20200.1498
 30-Dec-20200.1230
 29-Dec-20200.1669
 28-Dec-20200.1310
 24-Dec-20200.3735
 23-Dec-20200.1059
 22-Dec-20200.0881
 21-Dec-20200.0948
 18-Dec-20200.2964
 17-Dec-20200.1062
 16-Dec-20200.0734
 15-Dec-20200.0684
Growth19-May-20000.0150

 12-May-20000.0300
 05-May-20000.0300
 28-May-20000.0300
 14-Apr-20000.0500
 07-Apr-20000.0500
 24-Mar-20000.0500
 17-Mar-20000.0500
 10-Mar-20000.0500
 03-Mar-20000.0500

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: enq_[email protected]

Website: www.camsonline.com

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Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM