IDFC Money Manager Fund Core Bucket

An open ended debt scheme investing in money market instruments

30th June 2021

IDFC Money Manager Fund Core Bucket

An open ended debt scheme investing in money market instruments

30th June 2021

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 : ₹ 3,216.11 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 : ₹ 2,951.44 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.

0.25%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

119 days
Average Maturity 124 days
Macaulay Duration 124 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.

3.68%
Total Expense Ratio
Regular0.89%
Direct0.21%
Benchmark: NIFTY Money Market Index (w.e.f 11th 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 & IDCW@ Option - Daily (Reinvest), Weekly (Reinvest), Monthly (Payout, Reinvestment and Sweep), Periodic (Payout, Reinvestment and Sweep).
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 (₹) as on June 30, 2021
Plan Option Freq NAV
Regular Plan Growth - 32.1287
Regular Plan IDCW@ Monthly 10.2504
Regular Plan IDCW@ Daily 10.0994
Regular Plan IDCW@ Weekly 10.1243
Regular Plan IDCW@ Periodic10.5364
@Income Distribution and Capital Withdrawal


NameRating% of NAV
Commercial Paper 45.88%
Kotak Mahindra Prime A1+ 9.07%
HDFC A1+ 6.68%
Reliance Retail Ventures A1+ 5.05%
Reliance Industries A1+ 5.05%
Kotak Mahindra Investments A1+ 4.49%
NABARD A1+ 4.20%
LIC Housing Finance A1+ 4.17%
Sundaram Finance A1+ 3.29%
Larsen & Toubro A1+ 1.69%
ICICI Securities A1+ 1.68%
Export Import Bank of India A1+ 0.50%
Treasury Bill 41.57%
182 Days Tbill - 2021 SOV 36.79%
364 Days Tbill - 2022 SOV 4.78%
Certificate of Deposit 10.04%
Axis Bank A1+ 7.57%
Small Industries Dev Bank of India A1+ 2.47%
State Government Bond 1.78%
8.66% Andhra Pradesh SDL - 2021 SOV 1.70%
8.99% Madhya Pradesh SDL - 2022 SOV 0.08%
Government Bond 0.15%
8.20% - 2022 G-Sec SOV 0.13%
8.79% - 2021 G-Sec SOV 0.03%
Net Cash and Cash Equivalent 0.57%
Grand Total 100.00%



Performance based on NAV as on 30/06/2021 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 has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.


  • 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.