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HDFC Money Market Fund

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 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 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.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 5.48 0.02 0.09 0.30 1.23 3.87 7.11 7.52 7.36 7.81 8.17
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Money Market 4.61 0.01 0.08 0.28 1.01 3.07 6.23 7.04 7.21 7.71 8.08
Rank within category 2 6 6 8 3 1 2 2 7 7 7
Number of funds in category 18 19 19 19 19 19 18 12 12 12 11

As on 01-Oct-2020

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 7.11 7.52 7.36 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 7.12 7.71 7.58 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.83 7.45 7.40 0.33 9,757
Nippon India Money Market Fund  | Invest Online
4 star
 Jun-05 6.58 7.50 7.40 0.25 5,991
Franklin India Savings Fund - Retail Plan  | Invest Online Now
5 star
 Feb-02 6.75 7.48 7.61 0.28 1,308

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 7.29 0.62 3.60 8.60 0.97 3.35
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Money Market 6.82 0.85 2.98 6.24 0.89 2.78
Rank within category 2 9 6 5 9 5
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 55 73 35 34
Modified Duration (yrs) 0.40 0.80 0.14 0.31
Average Maturity (yrs) 0.43 0.86 0.17 0.31
Yield to Maturity (%) 3.88 6.22 3.88 3.58
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 Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.28 4.58
equal Tata Capital Housing Finance 365-D 12/02/2021 Commercial Paper A1+ 0.00 - 7.23 4.57
down Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.24 4.57
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 6.92 4.34
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 5.83 3.88
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 5.81 3.66
equal Cholamandalam Invest. & Fin. 261-D 26/02/2021 Commercial Paper A1+ 0.00 - 4.60 3.64
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 5.50 3.44
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 3.63 3.20
equal LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.02 3.19
equal Hindustan Zinc 315-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.45 2.73
equal Tata Teleservices 364-D 01/03/2021 Commercial Paper A1+ 0.00 - 4.27 2.70
equal Tata Motors 330-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.25 2.70
equal Bajaj Housing Finance 366-D 28/01/2021 Commercial Paper A1+ 0.00 - 3.63 2.29
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.28 2.06
new Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.84
new Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 1.83 1.83
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.91 1.83
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.85 1.83
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.14 1.83
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 2.32 1.83
equal Daimler Financial Services 234-D 18/02/2021 Commercial Paper A1+ 0.00 - 2.30 1.82
equal Bharti Hexacom 364-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.87 1.82
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.86 1.46
equal 8.12% GOI 2020 Central Government Loan SOV 0.00 - 1.57 1.41

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-2020

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
0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 4,335.6709

Dividend Weekly: ₹ 1,063.3507

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: 7.50%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,759 Cr (As on 31-Aug-2020)
Expense: 0.35% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily29-Sep-20200.1595

 28-Sep-20200.1997
 25-Sep-20200.3365
 24-Sep-20200.1131
 23-Sep-20200.0691
 22-Sep-20200.0514
 21-Sep-20200.1090
 18-Sep-20200.3304
 17-Sep-20200.0789
 16-Sep-20200.1469
 15-Sep-20200.0566
 14-Sep-20200.1134
 11-Sep-20200.3216
 10-Sep-20200.1082
 09-Sep-20200.0326
 08-Sep-20200.0898
 07-Sep-20200.0704
 04-Sep-20200.3419
 03-Sep-20200.1067
 02-Sep-20200.0943
 01-Sep-20200.0308
 31-Aug-20200.2735
 28-Aug-20200.3197
 27-Aug-20200.1543
 26-Aug-20200.1131
Dividend Weekly25-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
 31-Jul-20200.7904
 24-Jul-20200.8096
 17-Jul-20200.5651
 10-Jul-20202.1978
 03-Jul-20201.6750
 26-Jun-20200.8553
 19-Jun-20203.6848
 12-Jun-20201.8349
 05-Jun-20200.4224
 29-May-20200.5413
 22-May-20205.7665
 15-May-20202.8909
 08-May-20202.4957
 04-May-20200.0242
 24-Apr-20204.4622
 17-Apr-20203.1336
 03-Apr-20205.5312
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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