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Best Money Market Mutual Funds 2024
In common terms, Best Liquid Funds (Money market funds) are Debt Mutual Funds or rather money Market Mutual Funds with the only difference being in the investment duration. Money market funds invest in very short money market instruments like the Certificate of Deposit, treasury bills, commercial papers etc.
The investment duration of these funds is very short, generally ranging from a couple of days to a few weeks (it can even be one day!). The average residual maturity of Liquid Funds is less than 91 days as they invest in securities which individually have a maturity upto 91 days.
Being a short-term Debt fund, these funds are highly suitable for investors looking for low-risk investments for short duration. The low maturity period of best liquid funds helps fund managers to fulfil the Redemption demand of investors easily. In the market, there are various money market fund investments available.
Why to Invest in Money Market Funds?
Securities in the money market are relatively low risk
Money market funds are considered to be the safe and secure of all Mutual Fund investments
Considering money market funds, it’s easy to invest in a money market account. Investing through Mutual Funds investors can open an account, make deposits and withdrawals virtually at their convenience
Money market funds are considered to be one of the least volatile types of all mutual fund investments
The performance of money market funds is closely tied to the interest rates set by the Reserve Bank of India, the Central Bank of India. So, when RBI raises rates in the market, yields increase, and money market funds are able to give good returns.
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How do Money Market Funds work?
A money market fund invests in money market instruments with an objective of Offering good returns (interest Income) and keeping the NAV fluctuations minimal.
Types of Money Market Instruments
Money Market is an exchange where the trade of cash and cash-equivalent instruments takes place. The instruments that are traded in the money markets have maturities which can vary from overnight to one year. Here are some key money market instruments in India:
1. Treasury Bills or T-Bills
The Government of India issues treasury bills to raise funds for a period of up to 365 days. Since these are issued by the government, they are considered to be very safe. However, lower risks also translate into lower returns which is the case with treasury bills too. The returns on T-bills is lower than other money market instruments.
2. Certificate of Deposit or CD
A CD is a term deposit which is offered by scheduled commercial banks which does not have the option of premature redemption. The primary difference between a CD and FD is that CDs are freely negotiable.
3. Repurchase Agreements or Repos
A repurchase agreement is made between a bank and RBI to facilitate short-term loans. It can also be made between two banks.
4. Commercial Paper or CP
Companies and financial institutions with a high credit rating can issue a Commercial Paper which is a short-term, unsecured promissory note. It allows such entities to diversify their short-term borrowing sources. CPs are usually issued at a discounted rate while the redemption is done on Face Value. The investor earns the difference.
Top 8 Money Market Mutual Funds 2024
(Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term) The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. Aditya Birla Sun Life Money Manager Fund is a Debt - Money Market fund was launched on 13 Oct 05. It is a fund with Low risk and has given a Below is the key information for Aditya Birla Sun Life Money Manager Fund Returns up to 1 year are on To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities. UTI Money Market Fund is a Debt - Money Market fund was launched on 13 Jul 09. It is a fund with Low risk and has given a Below is the key information for UTI Money Market Fund Returns up to 1 year are on (Erstwhile Reliance Liquidity Fund) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Money Market Fund is a Debt - Money Market fund was launched on 16 Jun 05. It is a fund with Low risk and has given a Below is the key information for Nippon India Money Market Fund Returns up to 1 year are on (Erstwhile Tata Liquid Fund) To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders. Tata Money Market Fund is a Debt - Money Market fund was launched on 22 May 03. It is a fund with Low risk and has given a Below is the key information for Tata Money Market Fund Returns up to 1 year are on The objective of the Plan will be to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities. ICICI Prudential Money Market Fund is a Debt - Money Market fund was launched on 9 Mar 06. It is a fund with Low risk and has given a Below is the key information for ICICI Prudential Money Market Fund Returns up to 1 year are on (Erstwhile Kotak Floater Short Term Fund) To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives. Kotak Money Market Scheme is a Debt - Money Market fund was launched on 14 Jul 03. It is a fund with Low risk and has given a Below is the key information for Kotak Money Market Scheme Returns up to 1 year are on (Erstwhile HDFC Cash Management Fund - Savings Plan) To generate optimal returns while maintaining safety and
high liquidity. HDFC Money Market Fund is a Debt - Money Market fund was launched on 18 Nov 99. It is a fund with Low risk and has given a Below is the key information for HDFC Money Market Fund Returns up to 1 year are on (Erstwhile Franklin India Savings Plus Fund Retail Option) Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments. Franklin India Savings Fund is a Debt - Money Market fund was launched on 11 Feb 02. It is a fund with Moderately Low risk and has given a Below is the key information for Franklin India Savings Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Money Manager Fund Growth ₹338.715
↑ 0.10 ₹18,375 0.8 2.1 3.9 7.6 7.4 7.93% 9M 22D 9M 25D UTI Money Market Fund Growth ₹2,821.27
↑ 0.86 ₹11,680 0.8 2 3.9 7.6 7.4 7.71% 9M 9D 9M 9D Nippon India Money Market Fund Growth ₹3,798.95
↑ 1.18 ₹12,205 0.8 2.1 3.9 7.6 7.4 7.89% 8M 2D 8M 21D Tata Money Market Fund Growth ₹4,323.1
↑ 1.24 ₹14,015 0.8 2.1 3.9 7.6 7.4 7.67% 7M 8D 7M 8D ICICI Prudential Money Market Fund Growth ₹347.31
↑ 0.12 ₹15,509 0.8 2.1 3.9 7.6 7.4 7.77% 6M 13D 6M 30D Kotak Money Market Scheme Growth ₹4,112.01
↑ 1.22 ₹15,868 0.8 2.1 3.9 7.6 7.3 7.78% 9M 22D 9M 22D HDFC Money Market Fund Growth ₹5,235.07
↑ 1.63 ₹18,272 0.8 2.1 3.9 7.5 7.3 7.82% 8M 9D 9M Franklin India Savings Fund Growth ₹45.9103
↑ 0.02 ₹1,446 0.8 2 3.8 7.5 7.3 7.65% 10M 6D 10M 29D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Apr 24 1. Aditya Birla Sun Life Money Manager Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 7 in Money Market category. Return for 2023 was 7.4% , 2022 was 4.8% and 2021 was 3.8% . Aditya Birla Sun Life Money Manager Fund
Growth Launch Date 13 Oct 05 NAV (23 Apr 24) ₹338.715 ↑ 0.10 (0.03 %) Net Assets (Cr) ₹18,375 on 31 Mar 24 Category Debt - Money Market AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio 2.18 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.93% Effective Maturity 9 Months 25 Days Modified Duration 9 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,750 31 Mar 21 ₹11,382 31 Mar 22 ₹11,834 31 Mar 23 ₹12,503 31 Mar 24 ₹13,459 Returns for Aditya Birla Sun Life Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.6% 3 Year 5.8% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.8% 2021 3.8% 2020 6.6% 2019 8% 2018 7.9% 2017 6.8% 2016 7.7% 2015 8.4% 2014 9.2% Fund Manager information for Aditya Birla Sun Life Money Manager Fund
Name Since Tenure Kaustubh Gupta 15 Jul 11 12.72 Yr. Anuj Jain 22 Mar 21 3.03 Yr. Mohit Sharma 1 Apr 17 7.01 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 60.91% Debt 38.87% Other 0.23% Debt Sector Allocation
Sector Value Corporate 47.58% Government 27.9% Cash Equivalent 24.29% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹470 Cr 50,000,000 Axis Bank Ltd.
Debentures | -2% ₹468 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹467 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹466 Cr 10,000 IDFC First Bank Ltd.
Debentures | -2% ₹466 Cr 10,000 05.80 MH Sdl 2025
Sovereign Bonds | -2% ₹464 Cr 47,000,000
↑ 33,500,000 Tata Teleservices Ltd
Debentures | -2% ₹442 Cr 9,500 Small Industries Development Bank of India
Debentures | -2% ₹372 Cr 8,000 Indusind Bank Ltd.
Debentures | -2% ₹281 Cr 6,000 Kotak Mahindra Bank Ltd.
Debentures | -1% ₹240 Cr 5,000 2. UTI Money Market Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 23 in Money Market category. Return for 2023 was 7.4% , 2022 was 4.9% and 2021 was 3.7% . UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (23 Apr 24) ₹2,821.27 ↑ 0.86 (0.03 %) Net Assets (Cr) ₹11,680 on 31 Mar 24 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.75 Sharpe Ratio 2.39 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.71% Effective Maturity 9 Months 9 Days Modified Duration 9 Months 9 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,723 31 Mar 21 ₹11,315 31 Mar 22 ₹11,756 31 Mar 23 ₹12,427 31 Mar 24 ₹13,372 Returns for UTI Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2% 6 Month 3.9% 1 Year 7.6% 3 Year 5.8% 5 Year 6% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.9% 2021 3.7% 2020 6% 2019 8% 2018 7.8% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% Fund Manager information for UTI Money Market Fund
Name Since Tenure Anurag Mittal 1 Dec 21 2.33 Yr. Amit Sharma 7 Jul 17 6.74 Yr. Data below for UTI Money Market Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 66.89% Debt 32.86% Other 0.25% Debt Sector Allocation
Sector Value Corporate 47.88% Cash Equivalent 39.43% Government 12.45% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹483 Cr 5,000,000,000
↑ 5,000,000,000 DBS Bank India Ltd.
Debentures | -3% ₹418 Cr 4,500,000,000
↑ 4,500,000,000 HDFC Bank Ltd.
Debentures | -3% ₹372 Cr 4,000,000,000
↑ 4,000,000,000 India (Republic of)
- | -2% ₹290 Cr 2,900,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹281 Cr 3,000,000,000 Indian Bank
Domestic Bonds | -2% ₹279 Cr 3,000,000,000
↑ 3,000,000,000 AU Small Finance Bank Ltd.
Debentures | -2% ₹232 Cr 2,500,000,000 Shriram Finance Ltd.
Debentures | -2% ₹230 Cr 2,500,000,000
↑ 2,500,000,000 182 DTB 29082024
Sovereign Bonds | -2% ₹194 Cr 2,000,000,000 India (Republic of)
- | -2% ₹193 Cr 2,000,000,000
↑ 2,000,000,000 3. Nippon India Money Market Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 27 in Money Market category. Return for 2023 was 7.4% , 2022 was 5% and 2021 was 3.8% . Nippon India Money Market Fund
Growth Launch Date 16 Jun 05 NAV (23 Apr 24) ₹3,798.95 ↑ 1.18 (0.03 %) Net Assets (Cr) ₹12,205 on 31 Mar 24 Category Debt - Money Market AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Low Expense Ratio 0.31 Sharpe Ratio 2.05 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 8 Months 21 Days Modified Duration 8 Months 2 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,741 31 Mar 21 ₹11,321 31 Mar 22 ₹11,765 31 Mar 23 ₹12,442 31 Mar 24 ₹13,386 Returns for Nippon India Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.6% 3 Year 5.8% 5 Year 6% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 5% 2021 3.8% 2020 6% 2019 8.1% 2018 7.9% 2017 6.6% 2016 7.6% 2015 8.3% 2014 9.1% Fund Manager information for Nippon India Money Market Fund
Name Since Tenure Anju Chhajer 1 Feb 20 4.17 Yr. Kinjal Desai 16 Jul 18 5.72 Yr. Data below for Nippon India Money Market Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 77.2% Debt 22.56% Other 0.25% Debt Sector Allocation
Sector Value Corporate 51.9% Cash Equivalent 24.86% Government 22.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29082024
Sovereign Bonds | -4% ₹484 Cr 50,000,000 Indusind Bank Ltd.
Debentures | -2% ₹278 Cr 6,000
↑ 6,000 08.10 JH Sdl 2025
Sovereign Bonds | -2% ₹252 Cr 25,000,000
↑ 25,000,000 08.06 AP Sdl 2025
Sovereign Bonds | -2% ₹252 Cr 25,000,000 08.09 Ts SDL 2025
Sovereign Bonds | -2% ₹237 Cr 23,500,000 AU Small Finance Bank Ltd.
Debentures | -2% ₹231 Cr 5,000
↑ 5,000 Federal Bank Ltd.
Debentures | -1% ₹186 Cr 4,000
↑ 4,000 182 DTB 22082024
Sovereign Bonds | -1% ₹170 Cr 17,500,000
↑ 7,500,000 05.80 MH Sdl 2025
Sovereign Bonds | -1% ₹148 Cr 15,000,000
↑ 15,000,000 Shriram Finance Ltd.
Debentures | -1% ₹138 Cr 3,000
↑ 3,000 4. Tata Money Market Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 30 in Money Market category. Return for 2023 was 7.4% , 2022 was 4.8% and 2021 was 3.9% . Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (23 Apr 24) ₹4,323.1 ↑ 1.24 (0.03 %) Net Assets (Cr) ₹14,015 on 31 Mar 24 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.22 Sharpe Ratio 2.26 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.67% Effective Maturity 7 Months 8 Days Modified Duration 7 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,740 31 Mar 21 ₹11,349 31 Mar 22 ₹11,804 31 Mar 23 ₹12,460 31 Mar 24 ₹13,409 Returns for Tata Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.6% 3 Year 5.8% 5 Year 6.1% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.8% 2021 3.9% 2020 6.4% 2019 8.1% 2018 -0.1% 2017 6.7% 2016 7.6% 2015 8.3% 2014 9% Fund Manager information for Tata Money Market Fund
Name Since Tenure Amit Somani 16 Oct 13 10.47 Yr. Data below for Tata Money Market Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 57.26% Debt 42.48% Other 0.26% Debt Sector Allocation
Sector Value Corporate 41.5% Cash Equivalent 36.46% Government 21.78% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Punjab National Bank
Domestic Bonds | -5% ₹702 Cr 15,000 LIC Housing Finance Ltd.
Debentures | -5% ₹697 Cr 15,000
↑ 15,000 182 DTB 20062024
Sovereign Bonds | -3% ₹471 Cr 48,000,000
↓ -1,000,000 HDFC Bank Ltd.
Debentures | -3% ₹466 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹466 Cr 10,000 182 DTB 13062024
Sovereign Bonds | -3% ₹433 Cr 44,000,000
↑ 11,500,000 India (Republic of)
- | -3% ₹414 Cr 44,000,000
↓ -1,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹372 Cr 8,000
↑ 8,000 HDFC Bank Ltd.
Debentures | -2% ₹372 Cr 8,000
↑ 8,000 HDFC Bank Ltd.
Debentures | -2% ₹283 Cr 6,000
↑ 6,000 5. ICICI Prudential Money Market Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 17 in Money Market category. Return for 2023 was 7.4% , 2022 was 4.7% and 2021 was 3.7% . ICICI Prudential Money Market Fund
Growth Launch Date 9 Mar 06 NAV (23 Apr 24) ₹347.31 ↑ 0.12 (0.03 %) Net Assets (Cr) ₹15,509 on 31 Mar 24 Category Debt - Money Market AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Low Expense Ratio 0.32 Sharpe Ratio 2 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.77% Effective Maturity 6 Months 30 Days Modified Duration 6 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,722 31 Mar 21 ₹11,323 31 Mar 22 ₹11,754 31 Mar 23 ₹12,407 31 Mar 24 ₹13,349 Returns for ICICI Prudential Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.6% 3 Year 5.7% 5 Year 6% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.7% 2021 3.7% 2020 6.2% 2019 7.9% 2018 7.7% 2017 6.7% 2016 7.7% 2015 8.3% 2014 9.1% Fund Manager information for ICICI Prudential Money Market Fund
Name Since Tenure Manish Banthia 12 Jun 23 0.8 Yr. Nikhil Kabra 3 Aug 16 7.66 Yr. Data below for ICICI Prudential Money Market Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 66.64% Debt 33.14% Other 0.22% Debt Sector Allocation
Sector Value Corporate 44.99% Cash Equivalent 39.22% Government 15.57% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -6% ₹936 Cr 100,000,000
↑ 100,000,000 Small Industries Development Bank of India
Debentures | -3% ₹465 Cr 10,000 Indian Bank
Domestic Bonds | -3% ₹465 Cr 10,000
↑ 10,000 Punjab National Bank
Domestic Bonds | -2% ₹375 Cr 8,000 India (Republic of)
- | -2% ₹374 Cr 40,000,000
↑ 40,000,000 08.35 SBI RT SB 2024
Domestic Bonds | -2% ₹350 Cr 35,000,000
↓ -70,000,000 LIC Housing Finance Ltd.
Debentures | -2% ₹279 Cr 6,000
↑ 6,000 Hero Fincorp Limited
Debentures | -2% ₹278 Cr 6,000 India (Republic of)
- | -1% ₹234 Cr 25,000,000 Kotak Mahindra Bank Ltd.
Debentures | -1% ₹233 Cr 5,000
↑ 5,000 6. Kotak Money Market Scheme
CAGR/Annualized return of 7% since its launch. Ranked 19 in Money Market category. Return for 2023 was 7.3% , 2022 was 4.9% and 2021 was 3.7% . Kotak Money Market Scheme
Growth Launch Date 14 Jul 03 NAV (23 Apr 24) ₹4,112.01 ↑ 1.22 (0.03 %) Net Assets (Cr) ₹15,868 on 31 Mar 24 Category Debt - Money Market AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.27 Sharpe Ratio 1.92 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.78% Effective Maturity 9 Months 22 Days Modified Duration 9 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,726 31 Mar 21 ₹11,268 31 Mar 22 ₹11,702 31 Mar 23 ₹12,361 31 Mar 24 ₹13,295 Returns for Kotak Money Market Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.6% 3 Year 5.8% 5 Year 5.9% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.3% 2022 4.9% 2021 3.7% 2020 5.7% 2019 8% 2018 7.7% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% Fund Manager information for Kotak Money Market Scheme
Name Since Tenure Deepak Agrawal 1 Nov 06 17.43 Yr. Manu Sharma 1 Nov 22 1.42 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Money Market Scheme as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 63.07% Debt 36.69% Other 0.24% Debt Sector Allocation
Sector Value Corporate 51.71% Cash Equivalent 28.48% Government 19.57% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Union Bank of India
Domestic Bonds | -3% ₹466 Cr 50,000 HDFC Bank Ltd.
Debentures | -3% ₹464 Cr 50,000
↑ 50,000 182 DTB 22082024
Sovereign Bonds | -3% ₹437 Cr 45,000,000 India (Republic of)
- | -2% ₹376 Cr 40,000,000 Indusind Bank Ltd.
Debentures | -2% ₹375 Cr 40,000 ICICI Bank Ltd.
Debentures | -2% ₹375 Cr 40,000 India (Republic of)
- | -2% ₹290 Cr 29,999,990
↑ 29,999,990 05.80 MH Sdl 2025
Sovereign Bonds | -1% ₹247 Cr 25,000,000
↑ 25,000,000 182 DTB 29082024
Sovereign Bonds | -1% ₹242 Cr 25,000,000 Indusind Bank Ltd.
Debentures | -1% ₹233 Cr 25,000 7. HDFC Money Market Fund
CAGR/Annualized return of 7% since its launch. Ranked 41 in Money Market category. Return for 2023 was 7.3% , 2022 was 4.7% and 2021 was 3.8% . HDFC Money Market Fund
Growth Launch Date 18 Nov 99 NAV (23 Apr 24) ₹5,235.07 ↑ 1.63 (0.03 %) Net Assets (Cr) ₹18,272 on 31 Mar 24 Category Debt - Money Market AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Low Expense Ratio 0.41 Sharpe Ratio 1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.82% Effective Maturity 9 Months Modified Duration 8 Months 9 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,745 31 Mar 21 ₹11,375 31 Mar 22 ₹11,818 31 Mar 23 ₹12,470 31 Mar 24 ₹13,407 Returns for HDFC Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.9% 1 Year 7.5% 3 Year 5.7% 5 Year 6.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.3% 2022 4.7% 2021 3.8% 2020 6.5% 2019 8.1% 2018 7.4% 2017 6.5% 2016 7.5% 2015 8.3% 2014 9.1% Fund Manager information for HDFC Money Market Fund
Name Since Tenure Vikash Agarwal 1 Jul 20 3.75 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Money Market Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 63.87% Debt 35.9% Other 0.22% Debt Sector Allocation
Sector Value Corporate 46.52% Cash Equivalent 33.33% Government 19.92% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Union Bank of India
Domestic Bonds | -3% ₹563 Cr 12,000 Panatone Finvest Ltd
Debentures | -3% ₹514 Cr 11,000 India (Republic of)
- | -3% ₹514 Cr 55,000,000
↑ 55,000,000 Union Bank of India
Domestic Bonds | -3% ₹512 Cr 11,000 Tata Teleservices Ltd
Debentures | -2% ₹325 Cr 7,000 Indusind Bank Ltd.
Debentures | -2% ₹280 Cr 6,000 Punjab National Bank
Domestic Bonds | -1% ₹258 Cr 5,500 08.10 Up SDL 2025
Sovereign Bonds | -1% ₹242 Cr 24,000,000 Bank of Baroda
Debentures | -1% ₹233 Cr 5,000 08.09 AP Sdl 2025
Sovereign Bonds | -1% ₹217 Cr 21,500,000
↑ 500,000 8. Franklin India Savings Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 47 in Money Market category. Return for 2023 was 7.3% , 2022 was 4.4% and 2021 was 3.6% . Franklin India Savings Fund
Growth Launch Date 11 Feb 02 NAV (23 Apr 24) ₹45.9103 ↑ 0.02 (0.04 %) Net Assets (Cr) ₹1,446 on 31 Mar 24 Category Debt - Money Market AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.29 Sharpe Ratio 1.8 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.65% Effective Maturity 10 Months 29 Days Modified Duration 10 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,775 31 Mar 21 ₹11,337 31 Mar 22 ₹11,756 31 Mar 23 ₹12,375 31 Mar 24 ₹13,301 Returns for Franklin India Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2% 6 Month 3.8% 1 Year 7.5% 3 Year 5.6% 5 Year 5.9% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.3% 2022 4.4% 2021 3.6% 2020 6% 2019 8.5% 2018 7.5% 2017 7.2% 2016 8.1% 2015 8.3% 2014 8.9% Fund Manager information for Franklin India Savings Fund
Name Since Tenure Rahul Goswami 6 Oct 23 0.49 Yr. Umesh Sharma 25 Oct 18 5.44 Yr. Pallab Roy 25 Jun 08 15.78 Yr. Data below for Franklin India Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 55.82% Debt 43.95% Other 0.23% Debt Sector Allocation
Sector Value Corporate 45.58% Cash Equivalent 32.83% Government 21.36% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 05122024
Sovereign Bonds | -8% ₹119 Cr 12,500,000 India (Republic of)
- | -6% ₹94 Cr 10,000,000 Punjab National Bank
Domestic Bonds | -6% ₹94 Cr 2,000 Union Bank of India
Domestic Bonds | -5% ₹70 Cr 1,500 HDFC Bank Ltd.
Debentures | -3% ₹47 Cr 1,000 IDFC First Bank Ltd.
Debentures | -3% ₹47 Cr 1,000 Small Industries Development Bank of India
Debentures | -3% ₹47 Cr 1,000 Canara Bank
Domestic Bonds | -3% ₹46 Cr 1,000
↑ 1,000 Indian Bank
Domestic Bonds | -3% ₹46 Cr 1,000
↑ 1,000 DBS Bank India Ltd.
Debentures | -3% ₹46 Cr 1,000
↑ 1,000
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