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5 star

HDFC Money Market Fund


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 3.49 0.01 0.08 0.34 0.82 1.85 3.76 6.24 6.48 6.90 7.62
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 4.48
Debt: Money Market 3.19 0.01 0.06 0.31 0.75 1.71 3.44 5.88 6.18 6.77 7.53
Rank within category 4 13 3 5 5 5 4 3 4 7 9
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 03-Dec-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 3.76 6.24 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.83 6.31 6.66 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.69 6.06 6.45 0.33% 13,305
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.74 6.04 6.47 0.27% 9,336
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.91 6.30 4.99 0.43% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.72 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.09 0.81 2.83 7.88 1.51 3.23
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market 5.87 0.92 2.47 6.84 1.59 3.05
Rank within category 4 11 6 2 13 5
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 97 97 56 45
Modified Duration (yrs) 0.28 0.51 0.23 --
Average Maturity (yrs) 0.28 0.52 0.23 --
Yield to Maturity (%) 4.04 4.04 3.30 --
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 91-D 19/11/2021 Treasury Bills SOV 0.00 - 6.98 6.31
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.05 5.31
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 8.45 3.48
equal Sun Pharmaceutical Industries 364-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.56 3.13
equal Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.46 3.12
new Reliance Jio Infocomm 238-D 15/06/2022 Commercial Paper A1+ 0.00 - 3.08 3.08
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 3.21 2.71
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.79 2.52
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.74 2.02
equal Hero FinCorp 270-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.11 1.88
equal Hindustan Zinc 2021 Commercial Paper A1+ 1.58 - 2.30 1.58
new Reliance Jio Infocomm 85-D 07/01/2022 Commercial Paper A1+ 0.00 - 1.57 1.57
new Reserve Bank of India 91-D 20/01/2022 Treasury Bills SOV 0.00 - 1.57 1.57
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.74 1.55
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 1.70 1.54
new Bharat Oman Refineries 91-D 24/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 7.47 1.39
new Larsen & Toubro 67-D 28/12/2021 Commercial Paper A1+ 0.00 - 1.26 1.26
equal Export-Import Bank 183-D 28/12/2021 Certificate of Deposit A1+ 0.00 - 1.42 1.26
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.90 1.26
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.39 1.26
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 1.38 1.25
equal LIC Housing Fin. 196-D 07/02/2022 Commercial Paper A1+ 0.00 - 1.38 1.25
equal Tata Realty and Infrastructure 142-D 28/01/2022 Commercial Paper A1+ 0.00 - 1.39 1.25
equal Deutsche Investments 364-D 23/02/2022 Commercial Paper A1+ 0.00 - 1.73 1.24

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-Oct-2021

Fund Manager

— Anil Bamboli since 25-Jul-2012

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:

— 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 03-Dec-2021

Growth: ₹ 4,531.3390

IDCW Weekly: ₹ 1,063.2871

IDCW 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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 18-Nov-1999
Return Since Launch: 7.31%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 15,828 Cr (As on 31-Oct-2021)
Expense: 0.35% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Dec-20210.0896

 01-Dec-20210.1220
 30-Nov-20210.1369
 29-Nov-20210.1519
 26-Nov-20210.3174
 25-Nov-20210.0846
 24-Nov-20210.0920
 23-Nov-20210.1044
 22-Nov-20210.1130
 18-Nov-20210.3916
 17-Nov-20210.1281
 16-Nov-20210.0872
 15-Nov-20210.0985
 12-Nov-20210.3405
 11-Nov-20210.1362
 10-Nov-20210.1477
 09-Nov-20210.1193
 08-Nov-20210.2103
 03-Nov-20210.7011
 02-Nov-20210.1981
 01-Nov-20210.1385
 29-Oct-20210.2775
 28-Oct-20210.0385
 25-Oct-20210.0019
 22-Oct-20210.1883
IDCW Weekly26-Nov-20210.3937

 22-Nov-20211.0451
 12-Nov-20210.6131
 08-Nov-20211.3143
 29-Oct-20210.2284
 22-Oct-20210.2799
 18-Oct-20211.0861
 08-Oct-20210.6460
 01-Oct-20210.5357
 24-Sep-20210.4810
 17-Sep-20210.3631
 13-Sep-20210.9271
 03-Sep-20210.8739
 27-Aug-20210.8599
 20-Aug-20210.9295
 13-Aug-20210.9180
 06-Aug-20210.6915
 30-Jul-20210.7450
 23-Jul-20210.8229
 16-Jul-20210.9843
 09-Jul-20210.8330
 02-Jul-20210.8679
 25-Jun-20210.7704
 18-Jun-20210.4385
 11-Jun-20210.9868
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: [email protected]

Website: www.camsonline.com

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