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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 2.82 0.00 0.04 0.29 0.98 2.01 3.93 6.55 6.61 7.05 7.73
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 4.54
Debt: Money Market 2.56 0.00 0.04 0.26 0.92 1.82 3.63 6.07 6.36 6.93 7.65
Rank within category 3 8 7 4 8 4 5 2 5 7 9
Number of funds in category 18 20 20 19 18 18 17 13 12 12 12

As on 24-Sep-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 3.93 6.55 6.61 0.35 15,730
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 4.05 6.63 6.80 0.33 16,634
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.86 6.38 6.59 0.33 12,759
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 4.13 4.49 5.12 0.43 7,139
Axis Money Market Fund - Regular Plan
4 star
Aug-19 3.94 -- -- 0.35 3,746

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 3.93 24-Sep-2020 - 24-Sep-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.44 0.78 3.06 8.24 1.43 3.35
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Money Market 6.10 1.12 2.45 5.93 1.49 3.05
Rank within category 3 9 5 1 11 4
Number of funds in category 14 14 14 14 14 14

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 85 87 56 45
Modified Duration (yrs) 0.32 0.51 0.23 0.34
Average Maturity (yrs) 0.33 0.52 0.23 0.34
Yield to Maturity (%) 3.62 3.97 3.30 3.56
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
up Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 7.47 7.47
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 8.45 7.38
new Reserve Bank of India 91-D 19/11/2021 Treasury Bills SOV 0.00 - 6.31 6.31
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.05 3.93
equal Sun Pharmaceutical Industries 364-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.56 3.13
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 3.21 2.84
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 3.50 2.54
up Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.52 2.52
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.49 2.21
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.74 2.02
equal National Bank Agr. Rur. Devp 174-D 15/09/2021 Commercial Paper A1+ 0.00 - 2.15 1.90
equal Hero FinCorp 270-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.11 1.88
down Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 2.15 1.75
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 2.30 1.58
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 - 1.57 1.54
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.90 1.27
equal Reserve Bank of India 91-D 07/10/2021 Treasury Bills SOV 0.00 - 1.29 1.27
equal Motilal Oswal Financial 173-D 08/09/2021 Commercial Paper A1+ 0.00 - 1.74 1.27
equal Bajaj Housing Finance 365-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.74 1.26
equal Export-Import Bank 183-D 28/12/2021 Certificate of Deposit A1+ 0.00 - 1.42 1.26
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.28 1.26
equal Deutsche Investments 364-D 23/02/2022 Commercial Paper A1+ 0.00 - 1.73 1.25
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.70 1.25
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 1.27 1.25

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-Aug-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:


0.00%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 4,501.7675

IDCW Weekly: ₹ 1,062.9510

IDCW Daily: ₹ 1,063.6217


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: 7.34%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 15,730 Cr (As on 31-Aug-2021)
Expense: 0.35% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily22-Sep-20210.0769

 21-Sep-20210.0585
 20-Sep-20210.0806
 17-Sep-20210.2746
 16-Sep-20210.0879
 15-Sep-20210.1017
 14-Sep-20210.0851
 13-Sep-20210.0887
 09-Sep-20210.4001
 08-Sep-20210.0495
 07-Sep-20210.0857
 06-Sep-20210.1057
 03-Sep-20210.2868
 02-Sep-20210.1054
 01-Sep-20210.1314
 31-Aug-20210.1657
 30-Aug-20210.1314
 27-Aug-20210.3409
 26-Aug-20210.1169
 25-Aug-20210.1723
 24-Aug-20210.1302
 23-Aug-20210.1127
 20-Aug-20210.3284
 18-Aug-20210.2821
 17-Aug-20210.1602
IDCW Weekly17-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
 04-Jun-20210.6885
 28-May-20210.7185
 21-May-20210.8259
 14-May-20210.6128
 07-May-20210.6963
 30-Apr-20211.1088
 23-Apr-20211.0363
 16-Apr-20210.6587
 09-Apr-20210.4711
 05-Apr-20211.4434
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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