Rating: ★ ★ ★ ★ ☆

IDFC Money Manager Fund Direct Plan Growth

Debt

  

Money Market Fund

NAV

32.528 -0.0184

as on (29 May, 2020)

RETURNS

7.11 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.2 %

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

2003.99 Cr.

(As of 30 Apr, 2019)

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.

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Fund manager

Anurag Mittal

(since 09 Nov, 2015)

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

Rural Electrification Corporation Limited

4.93 %

Kotak Mahindra Prime Limited

4.92 %

Housing Development Finance Corporation Limited

3.95 %

Mahindra Rural Housing Finance Limited

3.25 %

Sector Allocation

About the Scheme Type

Money Market Fund

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.