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Money Market Mutual Funds

Updated on May 16, 2022 , 12660 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 The difference between this and a term deposit in a Bank is that CDs can’t be withdrawn.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.

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-

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Money Market Fund Growth ₹3,329.23
↑ 0.36
₹8,1120.81.83.75.33.84.44%5M 6D5M 13D
UTI Money Market Fund Growth ₹2,472.6
↑ 0.33
₹8,3400.71.73.65.33.74.59%6M 14D6M 15D
Kotak Money Market Scheme Growth ₹3,608.85
↑ 0.43
₹12,1780.71.73.65.13.74.61%5M 23D5M 23D
Aditya Birla Sun Life Money Manager Fund Growth ₹296.653
↑ 0.03
₹15,9820.61.63.65.53.84.52%5M 8D5M 12D
Tata Money Market Fund Growth ₹3,790.06
↑ 0.38
₹7,1050.61.63.55.43.94.56%6M 21D6M 22D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 May 22

1. Nippon India Money Market Fund

(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 CAGR/Annualized return of 7.4% since its launch.  Ranked 27 in Money Market category.  Return for 2021 was 3.8% , 2020 was 6% and 2019 was 8.1% .

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund
Growth
Launch Date 16 Jun 05
NAV (18 May 22) ₹3,329.23 ↑ 0.36   (0.01 %)
Net Assets (Cr) ₹8,112 on 31 Mar 22
Category Debt - Money Market
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.25
Sharpe Ratio 1.93
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 4.44%
Effective Maturity 5 Months 13 Days
Modified Duration 5 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,675
30 Apr 19₹11,559
30 Apr 20₹12,434
30 Apr 21₹13,065
30 Apr 22₹13,573

Nippon India 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 ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Nippon India 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 18 May 22

DurationReturns
1 Month 0.1%
3 Month 0.8%
6 Month 1.8%
1 Year 3.7%
3 Year 5.3%
5 Year 6.2%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Anju Chhajer1 Feb 202.24 Yr.
Kinjal Desai16 Jul 183.79 Yr.

Data below for Nippon India Money Market Fund as on 31 Mar 22

Asset Allocation
Asset ClassValue
Cash76.55%
Debt23.45%
Debt Sector Allocation
SectorValue
Cash Equivalent48.43%
Government25.92%
Corporate25.65%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 15092022
Sovereign Bonds | -
5%₹571 Cr58,000,000
182 Dtb 04082022
Sovereign Bonds | -
2%₹267 Cr27,000,000
India (Republic of)
Sovereign Bonds | -
2%₹248 Cr25,000,000
182 Dtb 08092022
Sovereign Bonds | -
2%₹246 Cr25,000,000
91 Dtb 13072022
Sovereign Bonds | -
2%₹198 Cr20,000,000
HDFC Bank Ltd
Debentures | -
2%₹195 Cr4,000
↑ 4,000
07.10 OD Sdl 2022
Sovereign Bonds | -
2%₹186 Cr18,500,000
↑ 10,000,000
08.86 PN Sdl 2022
Sovereign Bonds | -
2%₹178 Cr17,500,000
182 Dtb 11082022
Sovereign Bonds | -
2%₹173 Cr17,500,000
↑ 12,500,000
08.97 BR Sdl 2022
Sovereign Bonds | -
1%₹123 Cr12,000,000

2. 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 7.3% since its launch.  Ranked 23 in Money Market category.  Return for 2021 was 3.7% , 2020 was 6% and 2019 was 8% .

Below is the key information for UTI Money Market Fund

UTI Money Market Fund
Growth
Launch Date 13 Jul 09
NAV (18 May 22) ₹2,472.6 ↑ 0.33   (0.01 %)
Net Assets (Cr) ₹8,340 on 31 Mar 22
Category Debt - Money Market
AMC UTI Asset Management Company Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 1.92
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.59%
Effective Maturity 6 Months 15 Days
Modified Duration 6 Months 14 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,679
30 Apr 19₹11,549
30 Apr 20₹12,395
30 Apr 21₹13,044
30 Apr 22₹13,547

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 ₹200,132.
Net Profit of ₹20,132
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 18 May 22

DurationReturns
1 Month 0.1%
3 Month 0.7%
6 Month 1.7%
1 Year 3.6%
3 Year 5.3%
5 Year 6.2%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Anurag Mittal1 Dec 210.41 Yr.
Amit Sharma7 Jul 174.82 Yr.

Data below for UTI Money Market Fund as on 31 Mar 22

Asset Allocation
Asset ClassValue
Cash70.38%
Debt29.62%
Debt Sector Allocation
SectorValue
Cash Equivalent48.48%
Government30.53%
Corporate20.99%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 29092022
Sovereign Bonds | -
7%₹686 Cr7,000,000,000
182 Dtb 04082022
Sovereign Bonds | -
6%₹602 Cr6,100,000,000
↑ 5,000,000,000
182 Dtb 08092022
Sovereign Bonds | -
6%₹541 Cr5,500,000,000
↑ 3,000,000,000
182 Dtb 01092022
Sovereign Bonds | -
5%₹467 Cr4,747,430,000
↑ 4,000,000,000
182 Dtb 22092022
Sovereign Bonds | -
3%₹294 Cr3,000,000,000
182 Dtb 23062022
Sovereign Bonds | -
2%₹223 Cr2,250,000,000
8.35% Govt Stock 2022
Sovereign Bonds | -
1%₹120 Cr1,200,000,000
Crompton Greaves Consumer Electricals Ltd.
Debentures | -
1%₹54 Cr550,000,000
08.90 Tn SDL 2022
Sovereign Bonds | -
1%₹51 Cr500,000,000
07.02 MH Sdl 2022
Sovereign Bonds | -
1%₹51 Cr500,000,000

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% since its launch.  Ranked 19 in Money Market category.  Return for 2021 was 3.7% , 2020 was 5.7% and 2019 was 8% .

Below is the key information for Kotak Money Market Scheme

Kotak Money Market Scheme
Growth
Launch Date 14 Jul 03
NAV (18 May 22) ₹3,608.85 ↑ 0.43   (0.01 %)
Net Assets (Cr) ₹12,178 on 31 Mar 22
Category Debt - Money Market
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.19
Sharpe Ratio 1.6
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.61%
Effective Maturity 5 Months 23 Days
Modified Duration 5 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,679
30 Apr 19₹11,552
30 Apr 20₹12,406
30 Apr 21₹12,992
30 Apr 22₹13,493

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 ₹200,132.
Net Profit of ₹20,132
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 18 May 22

DurationReturns
1 Month 0.1%
3 Month 0.7%
6 Month 1.7%
1 Year 3.6%
3 Year 5.1%
5 Year 6.1%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Deepak Agrawal11 Jul 0714.81 Yr.

Data below for Kotak Money Market Scheme as on 31 Mar 22

Asset Allocation
Asset ClassValue
Cash76.06%
Debt23.94%
Debt Sector Allocation
SectorValue
Cash Equivalent47.53%
Government26.38%
Corporate26.09%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 15092022
Sovereign Bonds | -
9%₹1,321 Cr134,166,660
↑ 67,500,000
182 Dtb 08092022
Sovereign Bonds | -
5%₹769 Cr78,000,000
8.08% Govt Stock 2022
Sovereign Bonds | -
4%₹591 Cr58,500,100
182 Dtb 22092022
Sovereign Bonds | -
1%₹220 Cr22,365,200
182 Dtb 25082022
Sovereign Bonds | -
1%₹197 Cr20,000,000
LIC Housing Finance
Debentures | -
1%₹196 Cr4,000
↑ 4,000
182 Dtb 01092022
Sovereign Bonds | -
1%₹99 Cr10,000,000
08.92 PN Sdl 2022aug
Sovereign Bonds | -
1%₹91 Cr9,000,000
Crompton Greaves Consumer Electricals Ltd.
Debentures | -
1%₹79 Cr1,600
182 Dtb 04082022
Sovereign Bonds | -
0%₹74 Cr7,500,000
↑ 7,500,000

4. 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 6.8% since its launch.  Ranked 7 in Money Market category.  Return for 2021 was 3.8% , 2020 was 6.6% and 2019 was 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 (18 May 22) ₹296.653 ↑ 0.03   (0.01 %)
Net Assets (Cr) ₹15,982 on 31 Mar 22
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 4.52%
Effective Maturity 5 Months 12 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,686
30 Apr 19₹11,569
30 Apr 20₹12,461
30 Apr 21₹13,159
30 Apr 22₹13,671

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 ₹200,132.
Net Profit of ₹20,132
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 18 May 22

DurationReturns
1 Month 0%
3 Month 0.6%
6 Month 1.6%
1 Year 3.6%
3 Year 5.5%
5 Year 6.3%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Kaustubh Gupta15 Jul 1110.8 Yr.
Anuj Jain22 Mar 211.11 Yr.
Mohit Sharma1 Apr 175.08 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Mar 22

Asset Allocation
Asset ClassValue
Cash88.4%
Debt11.6%
Debt Sector Allocation
SectorValue
Corporate45.89%
Cash Equivalent40.19%
Government13.92%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.15% Govt Stock 2022
Sovereign Bonds | -
6%₹929 Cr92,500,000
8.35% Govt Stock 2022
Sovereign Bonds | -
4%₹592 Cr59,151,800
↓ -29,500,000
7.37% Govt Stock 2023
Sovereign Bonds | -
2%₹243 Cr23,800,000
↑ 23,800,000
Indusind Bank Limited
Debentures | -
1%₹220 Cr4,500
↑ 4,500
Sundaram Home Finance Limited
Debentures | -
1%₹195 Cr4,000
↑ 4,000
08.90 MH Sdl 2022
Sovereign Bonds | -
1%₹178 Cr17,500,000
07.57 CG Sdl 2023
Sovereign Bonds | -
1%₹153 Cr15,000,000
07.02 MH Sdl 2022
Sovereign Bonds | -
1%₹152 Cr15,000,000
Mahindra & Mahindra Financial Services Limited
Debentures | -
1%₹147 Cr3,000
↑ 3,000
08.90 Tn SDL 2022
Sovereign Bonds | -
1%₹132 Cr13,000,000

5. 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 6.7% since its launch.  Ranked 30 in Money Market category.  Return for 2021 was 3.9% , 2020 was 6.4% and 2019 was 8.1% .

Below is the key information for Tata Money Market Fund

Tata Money Market Fund
Growth
Launch Date 22 May 03
NAV (18 May 22) ₹3,790.06 ↑ 0.38   (0.01 %)
Net Assets (Cr) ₹7,105 on 31 Mar 22
Category Debt - Money Market
AMC Tata Asset Management Limited
Rating
Risk Low
Expense Ratio 0.28
Sharpe Ratio 1.81
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.56%
Effective Maturity 6 Months 22 Days
Modified Duration 6 Months 21 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,678
30 Apr 19₹10,729
30 Apr 20₹11,515
30 Apr 21₹12,159
30 Apr 22₹12,629

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 ₹194,235.
Net Profit of ₹14,235
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 18 May 22

DurationReturns
1 Month 0%
3 Month 0.6%
6 Month 1.6%
1 Year 3.5%
3 Year 5.4%
5 Year 4.7%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Amit Somani16 Oct 138.54 Yr.

Data below for Tata Money Market Fund as on 31 Mar 22

Asset Allocation
Asset ClassValue
Cash78.72%
Debt21.28%
Debt Sector Allocation
SectorValue
Corporate37.77%
Government32.26%
Cash Equivalent29.98%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 25082022
Sovereign Bonds | -
4%₹370 Cr37,500,000
↓ -10,000,000
182 Dtb 15092022
Sovereign Bonds | -
3%₹320 Cr32,500,000
6.84% Govt Stock 2022
Sovereign Bonds | -
3%₹253 Cr25,000,000
06.68 GJ Sdl 2022
Sovereign Bonds | -
2%₹202 Cr20,000,000
Vedanta Limited
Debentures | -
2%₹195 Cr4,000
↑ 4,000
182 Dtb 29092022
Sovereign Bonds | -
2%₹192 Cr19,500,000
India (Republic of)
Sovereign Bonds | -
1%₹99 Cr10,000,000
↑ 10,000,000
182 Dtb 11082022
Sovereign Bonds | -
1%₹99 Cr10,000,000
182 Dtb 22092022
Sovereign Bonds | -
1%₹98 Cr10,000,000
182 Dtb 01092022
Sovereign Bonds | -
1%₹74 Cr7,500,000

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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