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Money Market Mutual Funds

Updated on November 6, 2019 , 1375 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 The difference between this and a term deposit in a bank is that CDs can’t be withdrawn.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 fund 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.

Best Money Market Funds to Invest in FY 19 - 20

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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2018 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Money Manager Fund Growth ₹262.558
↑ 0.04
₹10,2191.74.28.67.67.95.98%4M 20D4M 20D
L&T Money Market Fund Growth ₹19.4465
↑ 0.00
₹6503.64.68.87.87.36.15%6M 29D7M 6D
Kotak Money Market Scheme Growth ₹3,225.31
↑ 0.39
₹9,4121.84.18.67.57.76.35%6M 7D6M 7D
UTI Money Market Fund Growth ₹2,200.83
↑ 0.31
₹6,2761.74.18.57.57.86.14%5M 18D
ICICI Prudential Money Market Fund Growth ₹271.237
↑ 0.03
₹9,1301.84.18.47.47.76.11%4M 29D5M 9D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Nov 19

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 2018 was 7.9% , 2017 was 6.8% and 2016 was 7.7% .

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 (08 Nov 19) ₹262.558 ↑ 0.04   (0.02 %)
Net Assets (Cr) ₹10,219 on 30 Sep 19
Category Debt - Money Market
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 8.69
Information Ratio 1.61
Alpha Ratio 0.07
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.98%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 20 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,855
31 Oct 16₹11,715
31 Oct 17₹12,508
31 Oct 18₹13,439
31 Oct 19₹14,604

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 8 Nov 19

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 4.2%
1 Year 8.6%
3 Year 7.6%
5 Year 7.9%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2009 5.5%
Fund Manager information for Aditya Birla Sun Life Money Manager Fund
NameSinceTenure
Kaustubh Gupta15 Jul 118.22 Yr.
Mohit Sharma1 Apr 172.5 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 30 Sep 19

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent52.84%
Corporate38.54%
Government8.62%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
REC LIMITED
Commercial Paper | -
4%₹441 Cr9,000
↓ -500
INDUSIND BANK LIMITED
Certificate of Deposit | -
4%₹385 Cr39,000
↑ 10,000
KOTAK MAHINDRA BANK LIMITED (FORMERLY KOTAK MAHINDRA FINANCE LIMITED)
Certificate of Deposit | -
4%₹370 Cr37,500
Bank Of Baroda
Certificate of Deposit | -
4%₹365 Cr37,500
↓ -2,500
National Bank For Agriculture And Rural Development
Commercial Paper | -
4%₹365 Cr7,500
↑ 500
Net Receivables / (Payables)
Net Current Assets | -
4%₹358 Cr
Small Industries Development Bank Of India
Certificate of Deposit | -
3%₹357 Cr36,500
↑ 2,500
LIC HOUSING FINANCE LIMITED
Commercial Paper | -
3%₹294 Cr6,000
TATA SONS PRIVATE LIMITED
Commercial Paper | -
3%₹293 Cr6,000
National Bank For Agriculture And Rural Development
Certificate of Deposit | -
3%₹292 Cr30,000
↓ -2,500

2. L&T Money Market Fund

(Erstwhile L&T Floating Rate Fund)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt/money market instruments, fixed rate debt/money market instruments swapped for floating rate returns, and fixed rate debt securities, Government securities and money market instruments.

L&T Money Market Fund is a Debt - Money Market fund was launched on 10 Aug 05. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 12 in Money Market category.  Return for 2018 was 7.3% , 2017 was 7.5% and 2016 was 9.1% .

Below is the key information for L&T Money Market Fund

L&T Money Market Fund
Growth
Launch Date 10 Aug 05
NAV (08 Nov 19) ₹19.4465 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹650 on 30 Sep 19
Category Debt - Money Market
AMC L&T Investment Management Ltd
Rating
Risk Moderate
Expense Ratio 0.79
Sharpe Ratio 2.4
Information Ratio 0.56
Alpha Ratio 7.15
Min Investment 10,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.15%
Effective Maturity 7 Months 6 Days
Modified Duration 6 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,846
31 Oct 16₹11,827
31 Oct 17₹12,769
31 Oct 18₹13,632
31 Oct 19₹14,845

L&T 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 ₹206,148.
Net Profit of ₹26,148
Invest Now

Returns for L&T 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 8 Nov 19

DurationReturns
1 Month 0.6%
3 Month 3.6%
6 Month 4.6%
1 Year 8.8%
3 Year 7.8%
5 Year 8.2%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 7.3%
2017 7.5%
2016 9.1%
2015 8.4%
2014 8.6%
2013 8.7%
2012 10.6%
2011 9.3%
2010 5.2%
2009 3.2%
Fund Manager information for L&T Money Market Fund
NameSinceTenure
Jalpan Shah3 Apr 172.49 Yr.
Vikas Garg3 Apr 172.49 Yr.

Data below for L&T Money Market Fund as on 30 Sep 19

Asset Allocation
Asset ClassValue
Cash100.12%
Debt Sector Allocation
SectorValue
Corporate51.45%
Cash Equivalent41.22%
Government7.44%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -
8%₹49 Cr5,000
RELIANCE INDUSTRIES LIMITED
Commercial Paper | -
8%₹49 Cr1,000
↑ 1,000
HDFC BANK LIMITED
Certificate of Deposit | -
7%₹48 Cr5,000
↑ 5,000
ICICI Bank Limited
Certificate of Deposit | -
7%₹47 Cr5,000
↑ 5,000
AXIS BANK LIMITED
Certificate of Deposit | -
7%₹47 Cr5,000
↑ 5,000
Kotak Mahindra Bank Limited
Certificate of Deposit | -
7%₹47 Cr5,000
↑ 5,000
(A) Tri Party Repo Dealing System (Treps)/Reverse Repo
CBLO/Reverse Repo | -
4%₹25 Cr
REC LIMITED
Commercial Paper | -
4%₹25 Cr500
KOTAK MAHINDRA PRIME LIMITED
Commercial Paper | -
4%₹24 Cr500
↑ 500
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
4%₹24 Cr500
↓ -500

3. Kotak Money Market Scheme

(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 CAGR/Annualized return of 7.4% since its launch.  Ranked 19 in Money Market category.  Return for 2018 was 7.7% , 2017 was 6.7% and 2016 was 7.7% .

Below is the key information for Kotak Money Market Scheme

Kotak Money Market Scheme
Growth
Launch Date 14 Jul 03
NAV (08 Nov 19) ₹3,225.31 ↑ 0.39   (0.01 %)
Net Assets (Cr) ₹9,412 on 30 Sep 19
Category Debt - Money Market
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.2
Sharpe Ratio 10.34
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.35%
Effective Maturity 6 Months 7 Days
Modified Duration 6 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,858
31 Oct 16₹11,716
31 Oct 17₹12,504
31 Oct 18₹13,406
31 Oct 19₹14,565

Kotak Money Market Scheme 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 Kotak Money Market Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Nov 19

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 4.1%
1 Year 8.6%
3 Year 7.5%
5 Year 7.8%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 7.7%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
2013 9.3%
2012 9.8%
2011 9.1%
2010 5.2%
2009 4.7%
Fund Manager information for Kotak Money Market Scheme
NameSinceTenure
Deepak Agrawal11 Jul 0711.57 Yr.

Data below for Kotak Money Market Scheme as on 30 Sep 19

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Corporate62.06%
Cash Equivalent29.18%
Government8.76%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Power Finance Corporation Ltd.
Commercial Paper | -
9%₹804 Cr16,500
↑ 8,000
BANK OF BARODA
Certificate of Deposit | -
7%₹624 Cr65,000
↑ 7,500
LIC Housing Finance Limited
Commercial Paper | -
5%₹491 Cr10,000
↓ -4,000
LARSEN AND TOUBRO LIMITED
Commercial Paper | -
5%₹488 Cr10,000
↑ 10,000
Axis Bank Limited
Certificate of Deposit | -
5%₹428 Cr45,000
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
4%₹400 Cr8,500
↑ 8,500
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -
4%₹382 Cr40,000
↑ 40,000
Small Industries Development Bank Of India
Certificate of Deposit | -
4%₹381 Cr40,000
REC LIMITED
Commercial Paper | -
4%₹370 Cr7,500
↓ -1,000
HDB FINANCIAL SERVICES LIMITED
Commercial Paper | -
3%₹284 Cr6,000
↓ -2,000

4. UTI Money Market Fund

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 CAGR/Annualized return of 7.9% since its launch.  Ranked 23 in Money Market category.  Return for 2018 was 7.8% , 2017 was 6.7% and 2016 was 7.7% .

Below is the key information for UTI Money Market Fund

UTI Money Market Fund
Growth
Launch Date 13 Jul 09
NAV (08 Nov 19) ₹2,200.83 ↑ 0.31   (0.01 %)
Net Assets (Cr) ₹6,276 on 30 Sep 19
Category Debt - Money Market
AMC UTI Asset Management Company Ltd
Rating
Risk Low
Expense Ratio 0.26
Sharpe Ratio 10.45
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 1,500
Exit Load NIL
Yield to Maturity 6.14%
Effective Maturity 5 Months 18 Days
Modified Duration

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,853
31 Oct 16₹11,703
31 Oct 17₹12,488
31 Oct 18₹13,411
31 Oct 19₹14,555

UTI 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 UTI 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 8 Nov 19

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 4.1%
1 Year 8.5%
3 Year 7.5%
5 Year 7.8%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2018 7.8%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
2013 9.2%
2012 9.7%
2011 9%
2010 5.4%
2009
Fund Manager information for UTI Money Market Fund
NameSinceTenure
Amandeep Chopra14 Dec 0612.14 Yr.
Amit Sharma7 Jul 171.57 Yr.

Data below for UTI Money Market Fund as on 30 Sep 19

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent50.76%
Corporate43.69%
Government5.55%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Export-Import Bank Of India
Certificate of Deposit | -
5%₹316 Cr3,250,000,000
Andhra Bank
Certificate of Deposit | -
5%₹315 Cr3,240,000,000
CANFIN Homes Limited
Commercial Paper | -
5%₹287 Cr3,000,000,000
Oriental Bank Of Commerce
Certificate of Deposit | -
4%₹229 Cr2,350,000,000
TATA CAPITAL FINANCIAL SERVICES LIMITED
Commercial Paper | -
3%₹197 Cr2,000,000,000
↑ 2,000,000,000
TATA MOTORS LIMITED (EARLIER TATA ENGINEERING AND LOCOMOTIVE CO. LTD)
Commercial Paper | -
3%₹197 Cr2,000,000,000
↑ 2,000,000,000
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Certificate of Deposit | -
3%₹196 Cr2,000,000,000
↓ -500,000,000
CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD (CHOLAMANDALAM DBS FINANCE LTD)
Commercial Paper | -
3%₹195 Cr2,000,000,000
ICICI Bank Limited
Certificate of Deposit | -
3%₹195 Cr2,000,000,000
JSW STEEL LIMITED
Commercial Paper | -
3%₹194 Cr2,000,000,000
↑ 2,000,000,000

5. 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 7.6% since its launch.  Ranked 17 in Money Market category.  Return for 2018 was 7.7% , 2017 was 6.7% and 2016 was 7.7% .

Below is the key information for ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund
Growth
Launch Date 9 Mar 06
NAV (08 Nov 19) ₹271.237 ↑ 0.03   (0.01 %)
Net Assets (Cr) ₹9,130 on 30 Sep 19
Category Debt - Money Market
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.22
Sharpe Ratio 9.86
Information Ratio 1.23
Alpha Ratio 0.38
Min Investment 500
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 6.11%
Effective Maturity 5 Months 9 Days
Modified Duration 4 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,849
31 Oct 16₹11,702
31 Oct 17₹12,485
31 Oct 18₹13,394
31 Oct 19₹14,523

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 8 Nov 19

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 4.1%
1 Year 8.4%
3 Year 7.4%
5 Year 7.7%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2009 4%
Fund Manager information for ICICI Prudential Money Market Fund
NameSinceTenure
Rahul Goswami30 Oct 135.26 Yr.
Nikhil Kabra3 Aug 162.5 Yr.

Data below for ICICI Prudential Money Market Fund as on 30 Sep 19

Asset Allocation
Asset ClassValue
Cash99.62%
Debt0.38%
Debt Sector Allocation
SectorValue
Cash Equivalent52.04%
Corporate41.25%
Government6.71%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
AXIS BANK LIMITED
Certificate of Deposit | -
5%₹492 Cr50,000
RELIANCE INDUSTRIES LIMITED
Commercial Paper | -
5%₹488 Cr10,000
↑ 10,000
ORIENTAL BANK OF COMMERCE
Certificate of Deposit | -
4%₹378 Cr40,000
IndusInd Bank Limited
Certificate of Deposit | -
3%₹297 Cr30,000
Power Finance Corporation Ltd.
Commercial Paper | -
3%₹292 Cr6,000
IndusInd Bank Limited
Certificate of Deposit | -
3%₹283 Cr30,000
Treps
CBLO/Reverse Repo | -
3%₹252 Cr
RELIANCE INDUSTRIES LIMITED
Commercial Paper | -
3%₹247 Cr5,000
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
3%₹245 Cr5,000
SBI CARDS & PAYMENT SERVICES PRIVATE LIMITED
Commercial Paper | -
3%₹243 Cr5,000

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.

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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