Rating : ★ ★ ★ ★ ☆
IDFC Money Manager Fund Direct Plan Growth
 ÂMoney Market Fund
Fund Type
Open Ended
Investment Plan
Growth
Investment Plan
0%
Benchmark
CRISIL Liquid Fund TR INR
Asset Size
2841.51 Cr.
(As of 31 Oct, 2020)
Risk
Moderately Low
Objective
To generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
 
Fund manager
Anurag Mittal
Exit load
N / A
Minimum sip
₹100
Minimum investment
₹100
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
91 DTB 10122020
4.91%
8.53% Andhra GS 2021
3.56%
182 DTB 04032021
2.96%
182 DTB 11032021
2.61%
Sector Allocation
About the Scheme Type
Money Market Mutual Funds invest in high quality and ultra safeliquid instruments like commercial papers, treasury bills (T-Bills), Repurchase Agreements (Repos) and Certificate of Deposits. With an average maturity of one year, Money Market Mutual Funds are used to manage short-run cash needs and deals only in either cash or cash equivalents. Its main aim is to keep the fluctuations in the fund’s NAV to a minimum
Ratings
This fund is rated 4 stars by Morning Star Ratings.
★ ★ ★ ★ ☆
Overview of IDFC Asset Management Company Limited
IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.