Table of Contents
Money Market Mutual Funds
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 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 The difference between this and a term deposit in a Bank is that CDs can’t be withdrawn.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.
| Volume (One Leg) | Weighted Average Rate | Range | |
|---|---|---|---|
| A. Overnight Segment (I+II+III+IV) | 4,00,659.36 | 3.25 | 0.01-5.30 |
| I. Call Money | 12,671.70 | 3.23 | 1.90-3.50 |
| II. Triparty Repo | 2,79,349.70 | 3.26 | 2.00-3.45 |
| III. Market Repo | 1,07,582.96 | 3.25 | 0.01-3.50 |
| IV. Repo in Corporate Bond | 1,055.00 | 3.56 | 3.40-5.30 |
| B. Term Segment | |||
| I. Notice Money** | 45.00 | 2.97 | 2.65-3.50 |
| II. Term Money@@ | 311.00 | - | 3.15-3.45 |
| III. Triparty Repo | 1,493.00 | 3.30 | 3.30-3.35 |
| IV. Market Repo | 5,969.10 | 3.37 | 0.01-3.60 |
| V. Repo in Corporate Bond | 0.00 | - | - |
Source: Money Market Operations, RBI Date- Date: 30 Mar 2021
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. It is taxed at 20% with indexation benefits.
Best Money Market Funds to Invest in FY 22 - 23
Some of the best money market funds in India are as follows-
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Nippon India Money Market Fund Growth ₹3,397.31
↑ 1.00 ₹10,728 1.3 2.2 4.3 4.9 3.8 6.23% 4M 5D 4M 13D UTI Money Market Fund Growth ₹2,522.17
↑ 0.73 ₹8,164 1.3 2.2 4.2 4.9 3.7 6.13% 4M 1D 4M 2D Kotak Money Market Scheme Growth ₹3,680.47
↑ 1.01 ₹14,720 1.3 2.2 4.2 4.7 3.7 6.18% 4M 10D 4M 10D Aditya Birla Sun Life Money Manager Fund Growth ₹302.676
↑ 0.10 ₹14,500 1.3 2.1 4.1 5.1 3.8 6.34% 4M 13D 4M 13D Tata Money Market Fund Growth ₹3,866.05
↑ 1.18 ₹8,310 1.3 2.1 4.1 5 3.9 6.34% 4M 24D 4M 25D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Oct 22
(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 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 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 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 (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 1. Nippon India Money Market Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 27 in Money Market category. Return for 2021 was 3.8% , 2020 was 6% and 2019 was 8.1% . Nippon India Money Market Fund
Growth Launch Date 16 Jun 05 NAV (04 Oct 22) ₹3,397.31 ↑ 1.00 (0.03 %) Net Assets (Cr) ₹10,728 on 31 Aug 22 Category Debt - Money Market AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 0.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.23% Effective Maturity 4 Months 13 Days Modified Duration 4 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,716 30 Sep 19 ₹11,656 30 Sep 20 ₹12,426 30 Sep 21 ₹12,914 30 Sep 22 ₹13,460 Returns for Nippon India Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 22 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.2% 1 Year 4.3% 3 Year 4.9% 5 Year 6.1% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 6% 2019 8.1% 2018 7.9% 2017 6.6% 2016 7.6% 2015 8.3% 2014 9.1% 2013 9.2% 2012 9.6% Fund Manager information for Nippon India Money Market Fund
Name Since Tenure Anju Chhajer 1 Feb 20 2.58 Yr. Kinjal Desai 16 Jul 18 4.13 Yr. Data below for Nippon India Money Market Fund as on 31 Aug 22
Asset Allocation
Asset Class Value Cash 78.12% Debt 21.88% Debt Sector Allocation
Sector Value Cash Equivalent 42.54% Government 31.35% Corporate 26.11% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 Dtb 19012023
Sovereign Bonds | -5% ₹490 Cr 50,000,000 364 Dtb 05012023
Sovereign Bonds | -4% ₹393 Cr 40,000,000 364 Dtb 16022023
Sovereign Bonds | -2% ₹244 Cr 25,000,000
↑ 25,000,000 Goi Strips - Mat 161222
Sovereign Bonds | -2% ₹165 Cr 16,749,500
↑ 3,058,000 6.84% Govt Stock 2022
Sovereign Bonds | -1% ₹150 Cr 15,000,000 364 Dtb 02022023
Sovereign Bonds | -1% ₹147 Cr 15,000,000
↑ 15,000,000 182 DTB 16032023
Sovereign Bonds | -1% ₹107 Cr 11,000,000
↑ 11,000,000 182 DTB 02032023
Sovereign Bonds | -1% ₹97 Cr 10,000,000
↑ 10,000,000 364 DTB 29062023
Sovereign Bonds | -1% ₹95 Cr 10,000,000 7.37% Govt Stock 2023
Sovereign Bonds | -1% ₹75 Cr 7,500,000 2. UTI Money Market Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 23 in Money Market category. Return for 2021 was 3.7% , 2020 was 6% and 2019 was 8% . UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (04 Oct 22) ₹2,522.17 ↑ 0.73 (0.03 %) Net Assets (Cr) ₹8,164 on 31 Aug 22 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.27 Sharpe Ratio -0.24 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.13% Effective Maturity 4 Months 2 Days Modified Duration 4 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,716 30 Sep 19 ₹11,639 30 Sep 20 ₹12,411 30 Sep 21 ₹12,892 30 Sep 22 ₹13,426 Returns for UTI Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 22 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.2% 1 Year 4.2% 3 Year 4.9% 5 Year 6.1% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.7% 2020 6% 2019 8% 2018 7.8% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% 2013 9.2% 2012 9.7% Fund Manager information for UTI Money Market Fund
Name Since Tenure Anurag Mittal 1 Dec 21 0.75 Yr. Amit Sharma 7 Jul 17 5.15 Yr. Data below for UTI Money Market Fund as on 31 Aug 22
Asset Allocation
Asset Class Value Cash 90.18% Debt 9.82% Debt Sector Allocation
Sector Value Cash Equivalent 62.56% Government 19.56% Corporate 17.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 29122022
Sovereign Bonds | -6% ₹492 Cr 5,000,000,000 182 DTB 22122022
Sovereign Bonds | -3% ₹197 Cr 2,000,000,000 GOI 15.12.2022 GOV
Sovereign Bonds | -2% ₹182 Cr 1,850,000,000 182 Dtb 01122022
Sovereign Bonds | -2% ₹148 Cr 1,500,000,000 07.97 KA Sdl 2022
Sovereign Bonds | -2% ₹126 Cr 1,250,000,000 07.02 MH Sdl 2022
Sovereign Bonds | -1% ₹50 Cr 500,000,000 08.90 Tn SDL 2022
Sovereign Bonds | -1% ₹50 Cr 500,000,000 182 Dtb 10112022
Sovereign Bonds | -1% ₹50 Cr 500,000,000
↓ -500,000,000 182 Dtb 24112022
Sovereign Bonds | -1% ₹49 Cr 500,000,000
↓ -1,500,000,000 364 Dtb 08062023
Sovereign Bonds | -1% ₹48 Cr 500,000,000 3. Kotak Money Market Scheme
CAGR/Annualized return of 7% since its launch. Ranked 19 in Money Market category. Return for 2021 was 3.7% , 2020 was 5.7% and 2019 was 8% . Kotak Money Market Scheme
Growth Launch Date 14 Jul 03 NAV (04 Oct 22) ₹3,680.47 ↑ 1.01 (0.03 %) Net Assets (Cr) ₹14,720 on 31 Aug 22 Category Debt - Money Market AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.19 Sharpe Ratio -0.2 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.18% Effective Maturity 4 Months 10 Days Modified Duration 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,707 30 Sep 19 ₹11,629 30 Sep 20 ₹12,362 30 Sep 21 ₹12,837 30 Sep 22 ₹13,365 Returns for Kotak Money Market Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 22 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.2% 1 Year 4.2% 3 Year 4.7% 5 Year 6% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.7% 2020 5.7% 2019 8% 2018 7.7% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% 2013 9.3% 2012 9.8% Fund Manager information for Kotak Money Market Scheme
Name Since Tenure Deepak Agrawal 11 Jul 07 15.15 Yr. Vihag Mishra 30 Apr 22 0.34 Yr. Data below for Kotak Money Market Scheme as on 31 Aug 22
Asset Allocation
Asset Class Value Cash 83.18% Debt 16.82% Debt Sector Allocation
Sector Value Cash Equivalent 42.12% Government 30.81% Corporate 27.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 22122022
Sovereign Bonds | -6% ₹812 Cr 82,500,000
↑ 7,500,000 182 DTB 09032023
Sovereign Bonds | -5% ₹777 Cr 80,000,000
↑ 80,000,000 182 Dtb 01122022
Sovereign Bonds | -5% ₹667 Cr 67,500,000
↓ -25,000,000 182 DTB 16032023
Sovereign Bonds | -3% ₹485 Cr 50,000,000
↑ 50,000,000 364 Dtb 05012023
Sovereign Bonds | -1% ₹103 Cr 10,500,000
↓ -12,500,000 364 Dtb 22122022
Sovereign Bonds | -1% ₹98 Cr 10,000,000
↑ 10,000,000 182 DTB 02032023
Sovereign Bonds | -1% ₹97 Cr 10,000,000
↑ 10,000,000 08.31 KA Sdl 2022
Sovereign Bonds | -1% ₹88 Cr 8,750,000 08.91 PN Sdl 2022sep
Sovereign Bonds | -0% ₹50 Cr 5,000,000 08.39 RJ UDAY 2023
Domestic Bonds | -0% ₹25 Cr 2,500,000 4. Aditya Birla Sun Life Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 7 in Money Market category. Return for 2021 was 3.8% , 2020 was 6.6% and 2019 was 8% . Aditya Birla Sun Life Money Manager Fund
Growth Launch Date 13 Oct 05 NAV (04 Oct 22) ₹302.676 ↑ 0.10 (0.03 %) Net Assets (Cr) ₹14,500 on 31 Aug 22 Category Debt - Money Market AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.32 Sharpe Ratio -0.29 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.34% Effective Maturity 4 Months 13 Days Modified Duration 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,728 30 Sep 19 ₹11,668 30 Sep 20 ₹12,503 30 Sep 21 ₹13,005 30 Sep 22 ₹13,534 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 4 Oct 22 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.1% 1 Year 4.1% 3 Year 5.1% 5 Year 6.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 6.6% 2019 8% 2018 7.9% 2017 6.8% 2016 7.7% 2015 8.4% 2014 9.2% 2013 9.4% 2012 9.8% Fund Manager information for Aditya Birla Sun Life Money Manager Fund
Name Since Tenure Kaustubh Gupta 15 Jul 11 11.14 Yr. Anuj Jain 22 Mar 21 1.44 Yr. Mohit Sharma 1 Apr 17 5.42 Yr. Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Aug 22
Asset Allocation
Asset Class Value Cash 91.59% Debt 8.41% Debt Sector Allocation
Sector Value Cash Equivalent 45.79% Corporate 34.22% Government 19.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.1300000000000008% Govt Stock 2022
Sovereign Bonds | -3% ₹450 Cr 45,000,000 182 Dtb 29122022
Sovereign Bonds | -2% ₹246 Cr 25,000,000 08.90 Tn SDL 2022
Sovereign Bonds | -2% ₹230 Cr 23,000,000 182 Dtb 08122022
Sovereign Bonds | -1% ₹222 Cr 22,500,000
↑ 22,500,000 08.90 MH Sdl 2022
Sovereign Bonds | -1% ₹200 Cr 20,000,000 6.84% Govt Stock 2022
Sovereign Bonds | -1% ₹185 Cr 18,500,000
↑ 2,500,000 07.57 CG Sdl 2023
Sovereign Bonds | -1% ₹151 Cr 15,000,000 07.02 MH Sdl 2022
Sovereign Bonds | -1% ₹150 Cr 15,000,000 08.60 HR Sdl 2023
Sovereign Bonds | -1% ₹131 Cr 13,000,000 182 DTB 02032023
Sovereign Bonds | -1% ₹112 Cr 11,500,000
↑ 11,500,000 5. Tata Money Market Fund
CAGR/Annualized return of 6.6% since its launch. Ranked 30 in Money Market category. Return for 2021 was 3.9% , 2020 was 6.4% and 2019 was 8.1% . Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (04 Oct 22) ₹3,866.05 ↑ 1.18 (0.03 %) Net Assets (Cr) ₹8,310 on 31 Aug 22 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.24 Sharpe Ratio -0.42 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.34% Effective Maturity 4 Months 25 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,545 30 Sep 19 ₹10,803 30 Sep 20 ₹11,550 30 Sep 21 ₹12,021 30 Sep 22 ₹12,506 Returns for Tata Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 22 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.1% 1 Year 4.1% 3 Year 5% 5 Year 4.6% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.9% 2020 6.4% 2019 8.1% 2018 -0.1% 2017 6.7% 2016 7.6% 2015 8.3% 2014 9% 2013 9.2% 2012 9.7% Fund Manager information for Tata Money Market Fund
Name Since Tenure Amit Somani 16 Oct 13 8.88 Yr. Data below for Tata Money Market Fund as on 31 Aug 22
Asset Allocation
Asset Class Value Cash 82.47% Debt 17.53% Debt Sector Allocation
Sector Value Corporate 36.88% Cash Equivalent 34.45% Government 28.67% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.84% Govt Stock 2022
Sovereign Bonds | -10% ₹787 Cr 78,500,000
↑ 2,000,000 364 Dtb 09022023
Sovereign Bonds | -3% ₹215 Cr 22,000,000
↑ 22,000,000 06.68 GJ Sdl 2022
Sovereign Bonds | -3% ₹200 Cr 20,000,000 364 Dtb 16022023
Sovereign Bonds | -2% ₹127 Cr 13,000,000
↑ 7,500,000 182 Dtb 15122022
Sovereign Bonds | -1% ₹94 Cr 9,500,000
↑ 4,500,000 08.62 Mh Sdl 2023mar
Sovereign Bonds | -1% ₹77 Cr 7,669,900
↑ 7,669,900 08.62 MH Sdl 2023
Sovereign Bonds | -1% ₹61 Cr 6,000,000 182 DTB 22122022
Sovereign Bonds | -1% ₹49 Cr 5,000,000 08.97 BR Sdl 2022
Sovereign Bonds | -0% ₹12 Cr 1,185,000 08.59 AP Sdl 2023
Sovereign Bonds | -0% ₹10 Cr 1,000,000
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.
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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