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Money Market Mutual Funds

Updated on October 17, 2020 , 4176 views

What are Money Market Funds?

A money market fund (MMF) is a type of fixed income mutual fund that invests in debt securities. But, before we start with money market funds, it's important to understand what is a fixed income instrument? Well, as the name denotes, a fixed income instrument is something that generates a specified amount of income over a certain period. The investor is given a fixed claim on the assets held by the issuer, fixed income instruments are considered low-risk and low-yield investments.

Essentially, fixed income instruments are nothing but a way of borrowing funds (where the borrowing is done by the issuer).

Fixed-Income-Instruments

Fixed Income Vs Stocks

Well for starters fixed income gives economic rights to the holder, which includes the right to receive interest payments and the return of all or part of capital invested at a given date. In contrast, the shareholder (stock owner) receives dividends from the issuer, but the company is not bound by any law to pay dividends. Also, another important difference is that the fixed income holder is a creditor of the company that issues the security, while a shareholder is a partner, owning a part of the capital stock. Here it’s important to understand that if the company goes bust, the creditors (bondholders) have priority over shareholders (equity holders).

Types of Fixed Income Instruments

There are different fixed income instruments that fall under money market instruments, to name some of them:

Certificates of Deposits (CDs)

Time deposits like term deposits are commonly offered to consumers by banks (scheduled commercial banks) & all India financial institutions. The difference between this and a term deposit in a bank is that CDs can’t be withdrawn.

Commercial Paper (CPs)

Commercial papers are usually known as promissory notes which are unsecured and are generally issued by companies and financial institutions, at a discounted rate from their Face Value. The fixed maturity for commercial papers is 1 to 270 days. The purposes for which they are issued are - for inventory financing, accounts receivables, and settling short-term liabilities or loans.

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Treasury Bills (T-Bills)

Treasury bills were first issued by the Indian government in 1917. Treasury bills are short-term financial instruments that are issued by the Central Bank of the country. It is one of the safest money market instruments as it is void of market risks (since the risk is sovereign or in this case the Government of India), though the return on investments is not that huge. Treasury bills are circulated by the primary as well as the secondary markets. The maturity periods for treasury bills are respectively 3-month, 6-month, and 1-year.

There are lots of other fixed income instruments such as repurchase agreements (repos), asset-backed securities etc., that also exist in the Indian fixed income market, but the above are the more common ones.

Why to Invest in Money Market Mutual 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.

Money Market Instruments & Bonds: The Difference

Bonds have a maturity period of more than one year which differentiates it from other debt securities like commercial papers, treasury bills and other money market instruments which typically have a maturity period of less than one year.

What is Money Market?

Money market generally refers to a section of the financial market where financial instruments with smaller maturities (less than a year) and high liquidity are traded. India has a very active money market, where a host of instruments are traded. Here you have Mutual Fund companies, government banks and various other large domestic institutions participating. The money market has become a component of the financial market for buying and selling of securities of short-term duration, such as commercial papers and treasury bills.

Money Market Rates

The money market rates are the interest rates offered by short-term money market instruments. These instruments have a maturity ranging from 1 day to one year. The money market rates vary over many complex instruments such as treasury bills, call money, Commercial Paper (CP), certificates of deposits (CDs), repos, etc. The Reserve Bank of India (RBI) is largely the governing authority over the money markets.

An example of the money market rates of various instruments as given on the RBI site as of 28th Feb 2017 is below for reference.

Money Markets
- Range
A. Overnight Segment 3.00-6.25
Call Money 4.75-6.25
CBLO 5.54-6.00
Market Repo 3.00-6.00
Repo in Corporate Bond -
B. Term Segment
Notice Money** 5.40-6.05
Term Money 6.05-6.05
CBLO 5.90-5.90
Market Reop -
Repo in Corporate Bond -
RBI Operations
- * Current Rate/Cut-off Rate*
C. Liquidity Adjustment Facility
Repo (Fixed Rate) 6.25
Reop (Variable Rate) 6.26
Reverse Repo (Fixed Rate) 5.75
Reverse Repo (Variable Rate) 6.24
D. Marginal Standing Facility 6.25

Source: Money Market Operations, RBI Date- 28th Feb 2017

Mutual Fund Companies Offering Money Market Funds

As we have learnt about various types of instruments above, it’s equally important to know how an investor could invest in money market funds. There are 44 AMCs (Asset Managment Companies) in India, most of them offering money market funds (mainly Liquid Funds and ultra-short funds for investors). Investors can also invest via distributors like banks and brokers. Investing in money market funds requires one to follow the respective procedure and the relevant applications. The terms & conditions of debt mutual funds may vary, therefore, it’s important to get an overall knowledge and then choose the one that meets your needs. Moreover, before investing into any money market mutual funds carefully consider its investment objectives, risks, returns, and expenses.

Factors to consider

Here are some important aspects that you must consider before investing in money market funds in India:

a. Risks and Returns

Money Market Funds are Debt fund and hence carry all the risks applicable to debt funds like interest rate risk and credit risk. Additionally, the fund manager might invest in instruments with a slightly higher risk component to increase returns. Usually, money market funds tend to offer better returns than a regular Savings Account. The Net Asset Value or NAV of these funds changes with a change in the interest rate regime.

b. Expense Ratio

Since the returns are not very high, the expense ratio plays an important role in determining your earnings from a money market fund.

Expense Ratio is a small percentage of the total assets of the fund charged by the fund house towards fund management services.

Ideally, you should look for funds with a lower expense ratio to maximize your returns.

c. Invest according to your Investment Plan

Usually, money market funds are recommended to investors with an investment horizon of 90-365 days. These schemes can help you diversify your portfolio and help invest surplus cash while maintaining liquidity. Ensure that you invest according to your Investment plan.

d. Taxation

In the case of Money Market Funds, the taxation rules are as follows:

Capital Gains Tax

If you hold the units of the scheme for a period of up to three years, then the capital gains earned by you are called short-term capital gains or STCG. STCG is added to your taxable income and taxed as per the applicable income tax slab.

If you hold the units of the scheme for more than three years, then the capital gains earned by you are called long-term capital gains or LTCG. LTCG is taxed at 20% with indexation benefits.

Best Money Market Funds to Invest in FY 20 - 21

Some of the best money market funds in India are as follows-

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Money Manager Fund Growth ₹280.149
↑ 0.11
₹9,6291.23.77.17.784%4M 28D5M 1D
HDFC Money Market Fund Growth ₹4,347.05
↑ 1.36
₹10,5431.13.877.58.13.94%4M 6D4M 19D
Tata Money Market Fund Growth ₹3,577.6
↑ 1.52
₹6321.23.66.84.98.10%4Y 9M 18D
ICICI Prudential Money Market Fund Growth ₹288.406
↑ 0.09
₹8,6151.13.66.77.57.93.9%5M 13D5M 20D
Franklin India Savings Fund Growth ₹38.3497
↑ 0.01
₹1,33413.36.67.58.53.66%3M 29D4M 3D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 20

1. Aditya Birla Sun Life Money Manager Fund

(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 CAGR/Annualized return of 7.1% since its launch.  Ranked 7 in Money Market category.  Return for 2019 was 8% , 2018 was 7.9% and 2017 was 6.8% .

Below is the key information for Aditya Birla Sun Life Money Manager Fund

Aditya Birla Sun Life Money Manager Fund
Growth
Launch Date 13 Oct 05
NAV (19 Oct 20) ₹280.149 ↑ 0.11   (0.04 %)
Net Assets (Cr) ₹9,629 on 30 Sep 20
Category Debt - Money Market
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 2.91
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4%
Effective Maturity 5 Months 1 Day
Modified Duration 4 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,796
30 Sep 17₹11,529
30 Sep 18₹12,368
30 Sep 19₹13,452
30 Sep 20₹14,414

Aditya Birla Sun Life Money Manager Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Aditya Birla Sun Life Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 1.2%
6 Month 3.7%
1 Year 7.1%
3 Year 7.7%
5 Year 7.6%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8%
2018 7.9%
2017 6.8%
2016 7.7%
2015 8.4%
2014 9.2%
2013 9.4%
2012 9.8%
2011 9%
2010 5.7%
Fund Manager information for Aditya Birla Sun Life Money Manager Fund
NameSinceTenure
Kaustubh Gupta15 Jul 119.22 Yr.
Mohit Sharma1 Apr 173.5 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash95.31%
Debt4.69%
Debt Sector Allocation
SectorValue
Corporate63.3%
Cash Equivalent31.5%
Government5.19%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 22102020
Sovereign Bonds | -
2%₹180 Cr18,043,000
↑ 18,043,000
07.64 CG SDL 2021
Sovereign Bonds | -
2%₹151 Cr15,000,000
8.52% Haryana GS 2021
Sovereign Bonds | -
1%₹61 Cr6,000,000
8.51% Kerala GS 2021
Sovereign Bonds | -
1%₹51 Cr5,000,000
8.48% Odisha SDL 2021
Sovereign Bonds | -
0%₹46 Cr4,500,000
8.50% Tamilnadu GS 2021
Sovereign Bonds | -
0%₹36 Cr3,500,000
8.52% Rajasthan GS 2021
Sovereign Bonds | -
0%₹25 Cr2,500,000
8.50% Kerala GS 2021
Sovereign Bonds | -
0%₹25 Cr2,500,000
7.00% Govt Stock 2021
Sovereign Bonds | -
0%₹25 Cr2,500,000
8.38% Haryana GS 2021
Sovereign Bonds | -
0%₹15 Cr1,500,000

2. HDFC Money Market Fund

(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 CAGR/Annualized return of 7.3% since its launch.  Ranked 41 in Money Market category.  Return for 2019 was 8.1% , 2018 was 7.4% and 2017 was 6.5% .

Below is the key information for HDFC Money Market Fund

HDFC Money Market Fund
Growth
Launch Date 18 Nov 99
NAV (19 Oct 20) ₹4,347.05 ↑ 1.36   (0.03 %)
Net Assets (Cr) ₹10,543 on 30 Sep 20
Category Debt - Money Market
AMC HDFC Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.34
Sharpe Ratio 2.75
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment
Exit Load NIL
Yield to Maturity 3.94%
Effective Maturity 4 Months 19 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,774
30 Sep 17₹11,476
30 Sep 18₹12,262
30 Sep 19₹13,319
30 Sep 20₹14,271

HDFC Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for HDFC Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 1.1%
6 Month 3.8%
1 Year 7%
3 Year 7.5%
5 Year 7.3%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8.1%
2018 7.4%
2017 6.5%
2016 7.5%
2015 8.3%
2014 9.1%
2013 9.2%
2012 9.7%
2011 8.9%
2010 5.4%
Fund Manager information for HDFC Money Market Fund
NameSinceTenure
Anil Bamboli25 Jul 128.19 Yr.
Chirag Setalvad31 Jul 191.17 Yr.
Vikash Agarwal1 Jul 200.25 Yr.

Data below for HDFC Money Market Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash95.3%
Debt4.7%
Debt Sector Allocation
SectorValue
Corporate62.66%
Cash Equivalent30.53%
Government6.81%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 25022021
Sovereign Bonds | -
3%₹296 Cr30,000,000
↑ 10,000,000
182 DTB 04032021
Sovereign Bonds | -
2%₹200 Cr20,278,200
↑ 20,278,200
8.12% Govt Stock 2020
Sovereign Bonds | -
0%₹25 Cr2,500,000
↓ -12,500,000
Reliance Industries Limited
Commercial Paper | -
5%₹494 Cr10,000
Tata Capital Housing Finance Limited
Commercial Paper | -
5%₹493 Cr10,000
Bank of Baroda
Certificate of Deposit | -
4%₹468 Cr47,500
↑ 47,500
Export-Import Bank of India
Certificate of Deposit | -
4%₹468 Cr47,500
↑ 47,500
Small Industries Development Bank of India
Certificate of Deposit | -
4%₹418 Cr42,500
↑ 42,500
Reliance Jio Infocomm Limited
Commercial Paper | -
4%₹395 Cr8,000
Cholamandalam Investment & Finance Co Limited
Commercial Paper | -
4%₹393 Cr8,000
↑ 8,000

3. Tata Money Market Fund

(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 CAGR/Annualized return of 6.9% since its launch.  Ranked 30 in Money Market category.  Return for 2019 was 8.1% , 2018 was -0.1% and 2017 was 6.7% .

Below is the key information for Tata Money Market Fund

Tata Money Market Fund
Growth
Launch Date 22 May 03
NAV (19 Oct 20) ₹3,577.6 ↑ 1.52   (0.04 %)
Net Assets (Cr) ₹632 on 30 Sep 20
Category Debt - Money Market
AMC Tata Asset Management Limited
Rating
Risk Low
Expense Ratio 0.2
Sharpe Ratio 2.54
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 0%
Effective Maturity 4 Years 9 Months 18 Days
Modified Duration

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,782
30 Sep 17₹11,505
30 Sep 18₹12,132
30 Sep 19₹12,428
30 Sep 20₹13,288

Tata Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Tata Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 1.2%
6 Month 3.6%
1 Year 6.8%
3 Year 4.9%
5 Year 5.8%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8.1%
2018 -0.1%
2017 6.7%
2016 7.6%
2015 8.3%
2014 9%
2013 9.2%
2012 9.7%
2011 9%
2010 5.5%
Fund Manager information for Tata Money Market Fund
NameSinceTenure
Amit Somani16 Oct 136.96 Yr.

Data below for Tata Money Market Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash88.33%
Debt22.39%
Debt Sector Allocation
SectorValue
Cash Equivalent69.02%
Government30.05%
Corporate11.66%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.00% Govt Stock 2021
Sovereign Bonds | -
17%₹106 Cr10,500,000
↑ 3,500,000
182 DTB 07012021
Sovereign Bonds | -
5%₹35 Cr3,500,000
↑ 3,500,000
8.50% Tamilnadu GS 2021
Sovereign Bonds | -
0%₹0 Cr43,000
↑ 43,000
8.51% Andhra GS 2021
Sovereign Bonds | -
0%₹0 Cr30,000
↑ 30,000
C) Repo
CBLO/Reverse Repo | -
11%₹72 Cr
Net Current Liabilities
Receivables | -
11%-₹68 Cr
National Bank For Agriculture and Rural Development
Certificate of Deposit | -
8%₹49 Cr5,000
↑ 5,000
Network18 Media & Investments Limited (Earlier Network 18 Fincap Ltd)
Commercial Paper | -
8%₹49 Cr1,000
↑ 1,000
Reliance Retail Ventures Limited
Commercial Paper | -
8%₹49 Cr1,000
↑ 1,000
Power Finance Corporation Limited
Commercial Paper | -
8%₹48 Cr1,000
↑ 1,000

4. ICICI Prudential Money Market Fund

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 CAGR/Annualized return of 7.5% since its launch.  Ranked 17 in Money Market category.  Return for 2019 was 7.9% , 2018 was 7.7% and 2017 was 6.7% .

Below is the key information for ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund
Growth
Launch Date 9 Mar 06
NAV (19 Oct 20) ₹288.406 ↑ 0.09   (0.03 %)
Net Assets (Cr) ₹8,615 on 30 Sep 20
Category Debt - Money Market
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 2.46
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 3.9%
Effective Maturity 5 Months 20 Days
Modified Duration 5 Months 13 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,791
30 Sep 17₹11,515
30 Sep 18₹12,333
30 Sep 19₹13,375
30 Sep 20₹14,292

ICICI Prudential Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for ICICI Prudential Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 1.1%
6 Month 3.6%
1 Year 6.7%
3 Year 7.5%
5 Year 7.4%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2019 7.9%
2018 7.7%
2017 6.7%
2016 7.7%
2015 8.3%
2014 9.1%
2013 9.2%
2012 9.7%
2011 8.2%
2010 4.7%
Fund Manager information for ICICI Prudential Money Market Fund
NameSinceTenure
Rahul Goswami30 Oct 136.92 Yr.
Nikhil Kabra3 Aug 164.16 Yr.

Data below for ICICI Prudential Money Market Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash76.31%
Debt23.69%
Debt Sector Allocation
SectorValue
Corporate39.67%
Cash Equivalent36.15%
Government24.18%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.17% Govt Stock 2021
Sovereign Bonds | -
7%₹578 Cr56,750,000
↑ 56,750,000
11.6% Govt Stock 2020
Sovereign Bonds | -
6%₹496 Cr50,000,000
182 DTB 18032021
Sovereign Bonds | -
4%₹345 Cr35,000,000
↑ 35,000,000
7.80% Govt Stock 2021
Sovereign Bonds | -
3%₹281 Cr27,500,000
182 DTB 25032021
Sovereign Bonds | -
3%₹275 Cr28,000,000
↑ 28,000,000
Larsen and Toubro Limited
Debentures | -
2%₹152 Cr1,500
7.00% Govt Stock 2021
Sovereign Bonds | -
1%₹126 Cr12,500,000
7.94% Govt Stock 2021
Sovereign Bonds | -
1%₹118 Cr11,500,000
182 DTB 04032021
Sovereign Bonds | -
1%₹49 Cr5,000,000
↑ 5,000,000
8.36% M.P. GS 2021
Sovereign Bonds | -
1%₹46 Cr4,500,000

5. Franklin India Savings Fund

(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 CAGR/Annualized return of 7.5% since its launch.  Ranked 47 in Money Market category.  Return for 2019 was 8.5% , 2018 was 7.5% and 2017 was 7.2% .

Below is the key information for Franklin India Savings Fund

Franklin India Savings Fund
Growth
Launch Date 11 Feb 02
NAV (19 Oct 20) ₹38.3497 ↑ 0.01   (0.03 %)
Net Assets (Cr) ₹1,334 on 30 Sep 20
Category Debt - Money Market
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately Low
Expense Ratio 0.3
Sharpe Ratio 2.77
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 3.66%
Effective Maturity 4 Months 3 Days
Modified Duration 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,805
30 Sep 17₹11,621
30 Sep 18₹12,393
30 Sep 19₹13,517
30 Sep 20₹14,436

Franklin India Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Franklin India Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 1%
6 Month 3.3%
1 Year 6.6%
3 Year 7.5%
5 Year 7.6%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8.5%
2018 7.5%
2017 7.2%
2016 8.1%
2015 8.3%
2014 8.9%
2013 9.1%
2012 9.8%
2011 8.7%
2010 5.5%
Fund Manager information for Franklin India Savings Fund
NameSinceTenure
Umesh Sharma25 Oct 181.93 Yr.
Pallab Roy6 Jun 0812.33 Yr.

Data below for Franklin India Savings Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash90.26%
Debt9.74%
Debt Sector Allocation
SectorValue
Corporate44.47%
Cash Equivalent36.7%
Government18.83%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 25032021
Sovereign Bonds | -
4%₹56 Cr5,700,000
↑ 700,000
91 DTB 15102020
Sovereign Bonds | -
4%₹50 Cr5,000,000
↑ 5,000,000
364 DTB 30032021
Sovereign Bonds | -
4%₹49 Cr5,000,000
182 DTB 31122020
Sovereign Bonds | -
2%₹25 Cr2,500,000
Kotak Mahindra Prime Limited
Commercial Paper | -
9%₹124 Cr2,500
Export-Import Bank of India
Commercial Paper | -
7%₹100 Cr2,000
↑ 2,000
Fullerton India Credit Company Limited
Commercial Paper | -
7%₹99 Cr2,000
↑ 2,000
Bank of Baroda
Certificate of Deposit | -
7%₹99 Cr10,000
↑ 10,000
Reliance Jio Infocomm Limited
Commercial Paper | -
7%₹99 Cr2,000
L&T Infrastructure Finance Company Limited
Commercial Paper | -
6%₹74 Cr1,500
↑ 1,500

Conclusion

While we have learnt about money market instruments it's also important to know about debt mutual funds, their types, and classifications. Well, debt mutual funds are classified into general broad categories such as Liquid Funds, Ultra short term funds, Short Term Funds, Long Term Income Funds and Gilt Funds.

However, to invest in money market funds, it’s very important to understand the situation of the economy, the direction of interest rates, and the expected direction of movement of yields in corporate debt as well as government debt when investing.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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