IDFC Money Manager Fund

Fund Features

About the Fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income.
Category: Money Market

Monthly Avg AUM

: ₹ 2,046.10 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM

: ₹ 2,003.99 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 18 February 2003

Fund Manager

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017)
Other Parameter:

Standard Deviation (Annualized) Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.	0.47%
Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield	234 days
Average Maturity	234 days
Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.	5.57%
Expense Ratio
Regular	1.02%
Direct	0.20%

Benchmark: NIFTY Money Market Index (w.e.f 11^th November, 2019)
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic

Exit Load

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

NIL
NAV (₹)

Plan	Option	Freq	NAV
Regular Plan	Growth	-	30.7141
Regular Plan	Dividend	Monthly	10.2577
Regular Plan	Dividend	Daily	10.0830
Regular Plan	Dividend	Weekly	10.1088
Regular Plan	Dividend	Periodic	10.6580

Portfolio

Name	Rating	% of NAV
Commercial Paper		53.78%
HDFC	A1+	12.61%
Sundaram Finance	A1+	9.56%
Grasim Industries	A1+	9.50%
Reliance Industries	A1+	8.83%
LIC Housing Finance	A1+	6.13%
Reliance Jio Infocomm	A1+	4.76%
NABARD	A1+	2.39%
Certificate of Deposit		44.55%
Axis Bank	A1+	11.74%
Small Industries Dev Bank of India	A1+	7.20%
ICICI Bank	A1+	6.56%
NABARD	A1+	6.47%
Export Import Bank of India	A1+	5.62%
Kotak Mahindra Bank	A1+	4.59%
Bank of Baroda	A1+	2.37%
Net Cash and Cash Equivalent		1.66%
Grand Total		100.00%

Asset Allocation

Asset Quality

Performance Table

Performance based on NAV as on 30/04/2020 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
^#Benchmark Returns. ^##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Feb 18, 2003.
^The fund is being repositioned from a free float fund to a money market fund w.e.f. June 4, 2018.

Riskometer

To generate short term optimal returns with relative stability and high liquidity.
Investments predominantly in money market instruments.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.