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5 star

HDFC Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 1.13 0.02 0.10 0.43 1.00 1.84 5.54 7.01 6.91 7.36 7.95
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 0.15 0.49 0.99 2.34 3.63 3.88 4.31 4.65
Debt: Money Market 1.03 0.02 0.09 0.38 0.92 1.71 4.81 6.51 6.72 7.25 7.88
Rank within category 6 8 8 4 7 6 2 2 7 7 9
Number of funds in category 18 18 18 18 18 17 17 13 12 12 12

As on 20-Apr-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 5.54 7.01 6.91 0.35 11,249
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 5.60 7.17 7.12 0.30 11,383
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.37 6.88 6.92 0.33 9,655
Axis Money Market Fund - Regular Plan
4 star
Aug-19 5.32 -- -- 0.31 2,162
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.51 4.43 5.42 0.44 1,698

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 4.56 25-Jun-2009 - 25-Jun-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.86 0.73 3.26 6.79 1.32 3.54
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Money Market 6.50 1.10 2.58 5.07 1.41 3.26
Rank within category 3 9 6 3 10 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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 56 74 35 33
Modified Duration (yrs) 0.51 0.74 0.23 0.42
Average Maturity (yrs) 0.52 0.79 0.23 0.43
Yield to Maturity (%) 3.97 6.09 3.30 3.74
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 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 8.24 8.24
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.05 6.05
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 5.36 5.36
equal Sun Pharmaceutical Inds. 364-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.56 4.30
equal Reliance Industries 179-D 13/08/2021 Commercial Paper A1+ 0.00 - 3.60 3.51
new Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 3.50 3.50
new Tata Teleservices 364-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.74 2.74
new Reserve Bank of India 182-D 01/07/2021 Treasury Bills SOV 0.00 - 2.65 2.65
equal Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 2.71 2.63
new Barclays Bank 25/06/2021 Certificate of Deposit A1+ 0.00 - 2.20 2.20
new Barclays Bank 29/06/2021 Certificate of Deposit A1+ 0.00 - 2.20 2.20
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 2.19 2.19
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 2.30 2.17
equal Axis Bank 21/12/2021 Floating Rate Debenture A1+ 0.00 - 1.90 1.78
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.80 1.76
new National Bank Agr. Rur. Devp 174-D 15/09/2021 Commercial Paper A1+ 0.00 - 1.75 1.75
up Bajaj Housing Finance 365-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
new Motilal Oswal Financial 173-D 08/09/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.71 1.71
new ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.70 1.70
equal Deutsche Investments 364-D 23/02/2022 Commercial Paper A1+ 0.00 - 1.73 1.69
equal National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 1.60 1.51
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.54 1.50
equal Can Fin Homes 365-D 08/02/2022 Commercial Paper A1+ 0.00 - 1.53 1.50
new ICICI Securities 156-D 06/08/2021 Commercial Paper A1+ 0.00 - 1.32 1.32

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-Mar-2021

Fund Manager

— 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:


0.02%

Change from previous, NAV as on 20-Apr-2021

Growth: ₹ 4,427.8271

IDCW Weekly: ₹ 1,063.0377

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: 7.41%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,249 Cr (As on 31-Mar-2021)
Expense: 0.35% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.3871

 15-Apr-20210.1270
 12-Apr-20210.3425
 09-Apr-20210.1898
 08-Apr-20210.0177
 06-Apr-20210.1089
 05-Apr-20210.3449
 31-Mar-20210.5129
 30-Mar-20210.2457
 26-Mar-20210.6859
 25-Mar-20210.2297
 24-Mar-20210.1850
 23-Mar-20210.3775
 22-Mar-20210.2116
 19-Mar-20210.3986
 18-Mar-20210.3887
 17-Mar-20210.1646
 16-Mar-20210.1093
 15-Mar-20210.1489
 12-Mar-20210.1868
 10-Mar-20210.2186
 09-Mar-20210.1484
 08-Mar-20210.0615
 05-Mar-20210.2642
 04-Mar-20210.1079
IDCW Weekly16-Apr-20210.6587

 09-Apr-20210.4711
 05-Apr-20211.4434
 26-Mar-20211.4015
 19-Mar-20210.9976
 12-Mar-20210.6921
 05-Mar-20210.6700
 26-Feb-20210.4253
 22-Feb-20211.1011
 12-Feb-20210.7147
 05-Feb-20210.5713
 29-Jan-20210.6594
 22-Jan-20210.5225
 15-Jan-20210.3234
 08-Jan-20210.5692
 01-Jan-20210.5702
 28-Dec-20200.9579
 18-Dec-20200.5767
 11-Dec-20200.5917
 04-Dec-20200.4345
 27-Nov-20200.7708
 20-Nov-20200.9634
 13-Nov-20200.9378
 06-Nov-20200.4792
 02-Nov-20201.0258
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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