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HDFC Money Market Fund

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.83 0.47 1.60 8.25 7.33 7.57 7.98
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 4.67
Debt: Money Market 7.47 0.48 1.58 7.93 7.09 7.52 7.95
Rank within category 4 11 10 6 8 9 9
Number of funds in category 17 19 19 17 13 13 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.11 (01-Mar-2019 - 02-Apr-2019) 0.19 (03-Apr-2019 - 03-May-2019)
Quarter 2.66 (24-Jul-2013 - 23-Oct-2013) 1.00 (24-Dec-2009 - 25-Mar-2010)
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 7.10 0.46 2.87 8.95 1.15 3.24
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market 6.87 0.70 2.72 7.64 0.98 2.73
Rank within category 8 9 8 7 11 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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 73 73 41 41
Modified Duration (yrs) 0.21 0.78 0.20 0.35
Average Maturity (yrs) 0.25 0.85 0.22 0.35
Yield to Maturity (%) 5.41 7.79 5.41 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Tata Sons 364-D 06/02/2020 Commercial Paper A1+ 0.00 - 8.79 7.54
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.41 3.70
equal REC 365-D 04/03/2020 Commercial Paper A1+ 0.00 - 5.98 3.70
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 5.85 3.70
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 4.49 3.38
equal Can Fin Homes 364-D 06/03/2020 Commercial Paper A1+ 0.00 - 4.26 3.17
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 4.84 3.00
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 4.62 2.92
up Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.86 2.86
equal Punjab National Bank 19/03/2020 Certificate of Deposit A1+ 0.00 - 3.84 2.64
equal Indusind Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 3.83 2.64
new Reliance Industries 112-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.64 2.64
equal IDFC First Bank 24/03/2020 Certificate of Deposit A1+ 0.00 - 2.58 2.32
equal LIC Housing Fin. 337-D 30/01/2020 Commercial Paper A1+ 0.00 - 2.39 2.18
equal Axis Bank 2020 Securitised Debt A1+ 0.00 - 3.70 2.13
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 3.42 2.12
up ICICI Bank 16/03/2020 Certificate of Deposit A1+ 0.00 - 2.11 2.11
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.60 1.96
equal AU Small Finance Bank 26/12/2019 Certificate of Deposit A1+ 0.00 - 2.87 1.66
equal Kotak Mahindra Investments 365-D 05/02/2020 Commercial Paper A1+ 0.00 - 1.87 1.59
equal Federal Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 2.76 1.59
up ICICI Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 1.58 1.58
equal Rabo Bank India 16/03/2020 Certificate of Deposit A1+ 0.00 - 2.55 1.58
equal Deutsche Investments 273-D 20/03/2020 Commercial Paper A1+ 0.00 - 2.47 1.57
equal 8.52% Tamilnadu State 2020 State Development Loan SOV 0.00 - 1.61 1.46

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-2019

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:

Invest Online
0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 4,100.2705

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
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,322 Cr (As on 30-Nov-2019)
Expense: 0.35% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Dec-20190.1013

 11-Dec-20190.1106
 10-Dec-20190.1385
 09-Dec-20190.1480
 06-Dec-20190.3501
 03-Dec-20190.1036
 02-Dec-20190.1307
 29-Nov-20190.3674
 28-Nov-20190.2000
 27-Nov-20190.1446
 26-Nov-20190.1786
 25-Nov-20190.1103
 22-Nov-20190.3395
 21-Nov-20190.1224
 20-Nov-20190.1196
 19-Nov-20190.1542
 18-Nov-20190.1183
 15-Nov-20190.3521
 14-Nov-20190.1807
 13-Nov-20190.1482
 11-Nov-20190.3174
 08-Nov-20190.4320
 07-Nov-20190.1209
 06-Nov-20190.0050
 04-Nov-20190.1108
Dividend Weekly06-Dec-20190.5713

 29-Nov-20190.9724
 22-Nov-20190.8662
 15-Nov-20191.0777
 08-Nov-20190.5996
 01-Nov-20191.2045
 25-Oct-20190.9654
 18-Oct-20191.0455
 11-Oct-20191.1295
 04-Oct-20191.5664
 27-Sep-20191.0427
 20-Sep-20190.2639
 13-Sep-20191.0330
 06-Sep-20191.1691
 30-Aug-20191.2267
 23-Aug-20191.0516
 16-Aug-20190.6530
 09-Aug-20191.8419
 02-Aug-20192.1215
 26-Jul-20190.5593
 19-Jul-20192.0064
 12-Jul-20191.8291
 05-Jul-20191.7907
 28-Jun-20190.7778
 21-Jun-20191.1741
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: 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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time12:30 PM - 01:00 PM

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