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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 0.26 0.01 0.06 0.35 0.94 1.85 3.87 6.02 6.40 6.80 7.54
CCIL T Bill Liquidity Weight 0.12 0.00 0.02 0.17 0.52 1.02 2.09 3.06 3.49 3.89 4.42
Debt: Money Market 0.24 0.01 0.05 0.32 0.86 1.72 3.55 5.62 6.10 6.66 7.44
Rank within category 7 13 9 7 7 7 4 2 4 7 9
Number of funds in category 20 20 20 20 20 18 18 14 12 12 12

As on 25-Jan-2022

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 3.87 6.02 6.40 0.35% 14,598
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.98 6.05 6.58 0.33% 16,014
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.77 5.80 6.36 0.33% 12,079
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.87 5.80 6.39 0.25% 7,203
Tata Money Market Fund - Regular Plan  | Invest Online
5 star
May-03 4.01 5.96 4.91 0.43% 6,478

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 5.95 0.81 2.74 8.21 1.51 3.13
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Money Market 5.69 0.90 2.38 7.04 1.57 2.90
Rank within category 4 11 6 3 13 2
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 97 56 39
Modified Duration (yrs) 0.28 0.51 0.24 0.22
Average Maturity (yrs) 0.28 0.52 0.24 0.22
Yield to Maturity (%) 4.05 4.05 3.62 3.89
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 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.05 5.72
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 4.47 4.47
equal Sun Pharmaceutical Industries 364-D 28/01/2022 Commercial Paper A1+ 3.13 - 4.56 3.42
equal Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.46 3.41
equal Reliance Jio Infocomm 238-D 15/06/2022 Commercial Paper A1+ 0.00 - 3.36 3.36
down Axis Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 3.23 2.69
equal Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.74 2.21
equal Hero FinCorp 270-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.11 2.05
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 2.04 2.04
new Reserve Bank of India 182-D 19/05/2022 Treasury Bills SOV 0.00 - 1.82 1.82
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.81 1.81
equal Reliance Jio Infocomm 85-D 07/01/2022 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.74 1.69
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 1.70 1.68
equal Bharat Oman Refineries 91-D 24/01/2022 Commercial Paper A1+ 0.00 - 1.54 1.54
equal Tata Realty and Infrastructure 142-D 28/01/2022 Commercial Paper A1+ 0.00 - 1.39 1.37
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.70 1.36
equal Deutsche Investments 364-D 23/02/2022 Commercial Paper A1+ 0.00 - 1.73 1.36
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 1.38 1.36
equal LIC Housing Fin. 196-D 07/02/2022 Commercial Paper A1+ 0.00 - 1.38 1.36
equal Tata Motors Finance 358-D 20/05/2022 Commercial Paper A1+ 0.00 - 1.38 1.35
equal Sikka Ports and Terminals 244-D 22/06/2022 Commercial Paper A1+ 0.00 - 1.34 1.34
equal Jamnagar Utilities and Power 244-D 22/06/2022 Commercial Paper A1+ 0.00 - 1.34 1.34
equal Tata Realty and Infrastructure 364-D 23/09/2022 Commercial Paper A1+ 0.00 - 1.34 1.32
new L&T Metro Rail (Hyderabad) 365-D 30/12/2022 Commercial Paper A1+ 0.00 - 1.30 1.30

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-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 25-Jan-2022

Growth: ₹ 4,555.7017

IDCW Weekly: ₹ 1,062.8704

IDCW Daily: ₹ 1,063.6400


Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 5,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 18-Nov-1999
Return Since Launch: 7.28%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,598 Cr (As on 31-Dec-2021)
Expense: 0.35% (As on 31-Dec-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Jan-20220.0663

 21-Jan-20220.3345
 20-Jan-20220.1031
 19-Jan-20220.0922
 17-Jan-20220.0914
 14-Jan-20220.3121
 13-Jan-20220.1323
 12-Jan-20220.1640
 11-Jan-20220.1375
 10-Jan-20220.1194
 07-Jan-20220.3115
 06-Jan-20220.0998
 05-Jan-20220.1279
 04-Jan-20220.1478
 03-Jan-20220.1078
 31-Dec-20210.4457
 30-Dec-20210.1402
 29-Dec-20210.1392
 28-Dec-20210.1437
 27-Dec-20210.1086
 24-Dec-20210.3756
 23-Dec-20210.1713
 22-Dec-20210.0390
 21-Dec-20210.0704
 20-Dec-20210.0374
IDCW Weekly21-Jan-20220.5982

 14-Jan-20220.8640
 07-Jan-20220.9283
 31-Dec-20210.9066
 24-Dec-20210.6172
 17-Dec-20210.5904
 10-Dec-20210.7941
 03-Dec-20210.8171
 26-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
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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