HDFC Money Market Fund-Growth
(Scheme Rating)
NAV as of Dec 27, 2024
5,490.400.02%
- Growth - Regular
(Earn upto 0.18% Extra Returns with Direct Plan)
Fund Category:
Debt: Money Market
Expense Ratio:
0.41%(0.46% Category
average)Fund Size:
Rs. 26,787.61 Cr(8.91% of Investment in Category)
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HDFC Money Market Fund-Growth
(Scheme Rating)
NAV as of Dec 27, 2024
5,490.400.02%
Expense Ratio:
0.41%
Fund Size:
Rs. 26,787.61 Cr
Fund Category:
Debt: Money Market
HDFC Money Market Fund-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the HDFC Money Market Fund as of Dec 27, 2024 is Rs 5,490.40 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.66% (1yr), 6.51% (3yr), 5.96% (5yr) and 7.2% (since launch). Whereas, Category returns for the same time duration are: 7.3848098511% (1yr), 6.267831361640245% (3yr) and 5.674083401739075% (5yr).
3. Fund Size: The HDFC Money Market Fund currently holds Assets under Management worth of Rs 26787.6146 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.41% for Regular plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the HDFC Money Market Fund as of Dec 27, 2024 is Rs 5,490.40 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.66% (1yr), 6.51% (3yr), 5.96% (5yr) and 7.2% (since launch). Whereas, Category returns for the same time duration are: 7.3848098511% (1yr), 6.267831361640245% (3yr) and 5.674083401739075% (5yr).
3. Fund Size: The HDFC Money Market Fund currently holds Assets under Management worth of Rs 26787.6146 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.41% for Regular plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
HDFC Money Market Fund-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.52 1.75 3.63 7.63 6.52 5.96 Category Avg 0.51 1.71 3.53 7.36 6.28 5.68 Rank within Category 6 10 10 8 8 3 No. of funds within Category 23 23 23 23 20 16 - Loading...
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Return Comparison
- This Fund
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HDFC Money Market Fund-Growth Fund Details
Investment Objective - The scheme seeks to generate income / capital appreciation by investing in money market instruments.
| Fund House | HDFC Mutual Fund |
| Launch Date | Nov 18, 1999 |
| Benchmark | NIFTY Money Market Index B-I |
| Return Since Launch | 7.2% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Average |
HDFC Money Market Fund-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 100.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.39 | 0.9564 | 0.011 | 0.4569 |
| Average Maturity(Yrs) | 0.43 | 0.9572 | 0.011 | 0.4697 |
| Yield to Maturity(%) | 7.48 | 7.93 | 6.3 | 7.442 |
| Avg Credit Rating | Low | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 11.71 | 12.92 |
| Low Risk | 85.43 | 79.71 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 2.86 | 7.37 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | - | 0.42 |
| CD | 59.12 | 57.33 |
| T-Bills | 9.14 | 9.98 |
| CP | 32.65 | 28.29 |
| NCD & Bonds | - | - |
| PTC | - | - |
| Cash & Others | -0.91 | 3.99 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| Punjab National Bank | Certificate of Deposit | Financial | A1+ | 7,709.34 | 3.09 | - |
| Bank Of Baroda | Certificate of Deposit | Financial | A1+ | 5,827.50 | 2.33 | 12,000 |
| LIC Housing Finance Ltd | Commercial Paper | Financial | A1+ | 5,801.60 | 2.32 | - |
| Small Industries Devp Bank of India Ltd | Commercial Paper | Financial | A1+ | 5,580.97 | 2.23 | 11,500 |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 5,375.52 | 2.15 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 5,344.27 | 2.14 | - |
| Panatone Finvest Ltd | Commercial Paper | Financial | A1+ | 4,886.85 | 1.96 | 10,000 |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 4,357.79 | 1.74 | - |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 4,125.62 | 1.65 | - |
| Hero FinCorp Ltd | Commercial Paper | Financial | A1+ | 3,868.00 | 1.55 | 8,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HDFC Money Market Fund-Growth 5,490.40 26,787.61 0.52 7.63 6.52 5.96 Aditya Birla Sun Life Money Manager Fund Regular-Growth 355.41 25,834.44 0.52 7.71 6.64 6.07 UTI Money Market Fund Regular Plan-Growth 2,960.80 16,371.64 0.53 7.69 6.66 5.94 Nippon India Money Market Fund-Growth 3,985.62 18,195.85 0.52 7.70 6.66 5.94 ICICI Prudential Money Market-Growth 364.40 28,736.27 0.52 7.69 6.57 5.92
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.51VS0.53Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
1.12VS1.16Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.75VS0.25Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.34VS0.11Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.73VS2.54Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.27VS6.01Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- A.K.Amar KalkundrikarSince Jan 201923 schemes
- P.J.Praveen JainSince Aug 20242 schemes
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Retirement Savings Fund Equity Plan Regular-Growth Flexi Cap 49.40 6,009.36 18.83 HDFC Focused 30 Fund-Growth Flexi Cap 215.83 15,520.74 24.76 HDFC Short Term Debt Fund-Growth Short Duration 30.59 14,975.79 8.29 Nippon India Consumption Fund-Growth Thematic-Consumption 193.12 2,188.23 19.97 HDFC Ultra Short Term Fund Regular - Growth Ultra Short Duration 14.58 14,890.27 7.42 HDFC Retirement Savings Fund - Hybrid Equity Plan Regular-Growth Aggressive Hybrid 37.64 1,582.92 14.89 HDFC Retirement Savings Fund - Hybrid Debt Plan Regular-Growth Conservative Hybrid 20.89 161.42 10.14 HDFC Top 100 Fund-Growth Large Cap 1,097.86 36,587.24 12.71 HDFC Hybrid Debt Fund-Growth Conservative Hybrid 79.15 3,322.28 10.57 HDFC Large and Mid Cap Fund Regular- Growth Large & MidCap 329.64 23,988.97 20.62 HDFC Mid-Cap Opportunities Fund-Growth Mid Cap 189.27 76,060.89 29.29 Nippon India Vision-Growth Large & MidCap 1,427.34 5,546.17 27.17 Nippon India Balanced Advantage Fund-Growth Dynamic Asset Allocation 169.49 8,850.28 13.86 HDFC Medium Term Debt Fund-Growth Medium Duration 53.80 3,987.62 8.03 HDFC Multi Asset Fund-Growth Multi Asset Allocation 66.99 3,817.76 14.09 HDFC Income Fund-Growth Medium to Long Duration 55.67 860.83 8.89 HDFC Liquid Fund-Growth Liquid 4,945.01 72,653.31 7.32 HDFC Gilt Fund-Growth Gilt 53.02 2,857.21 8.65 HDFC Low Duration Fund-Growth Low Duration 55.46 18,496.96 7.35 HDFC Overnight Fund-Growth Overnight 3,691.44 12,133.19 6.59 HDFC Infrastructure Fund-Growth Sectoral-Infrastructure 46.71 2,496.20 23.76 HDFC Small Cap Fund Regular-Growth Small Cap 138.91 33,841.89 21.29 HDFC Housing Opportunities Fund Regular - Growth Thematic 22.50 Unrated 1,408.40 15.85 Mr. Jain has done CA and CFA Prior to joining HDFC Mutual Fund, he has worked with Larsen & Toubro Ltd and Tata Motors
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Ultra Short Term Fund Regular - Growth Ultra Short Duration 14.58 14,890.27 7.42 HDFC Low Duration Fund-Growth Low Duration 55.46 18,496.96 7.35
More HDFC Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund-Growth | 94,865.65 | -2.12 | -1.38 | 7.79 | 28.14 | 20.14 | |
| HDFC Mid-Cap Opportunities Fund-Growth | 75,037.43 | -3.52 | 0.40 | 15.07 | 37.37 | 24.62 | |
| HDFC Liquid Fund-Growth | 67,330.71 | 0.57 | 1.75 | 3.56 | 7.37 | 6.18 | |
| HDFC Flexi Cap Fund-Growth | 64,928.56 | -2.55 | 1.58 | 14.30 | 38.56 | 22.06 | |
| HDFC Top 100 Fund-Growth | 36,467.34 | -4.89 | -2.92 | 7.91 | 26.64 | 15.50 | |
| HDFC Small Cap Fund Regular-Growth | 33,504.02 | -2.65 | 1.02 | 14.55 | 30.09 | 22.20 | |
| HDFC Corporate Bond Fund-Growth | 32,072.16 | 0.51 | 2.22 | 4.68 | 8.72 | 6.15 | |
| HDFC Money Market Fund-Growth | 27,987.22 | 0.60 | 1.84 | 3.77 | 7.64 | 6.40 | |
| HDFC Hybrid Equity Fund-Growth | 24,068.32 | -1.69 | -0.31 | 8.08 | 20.43 | 11.58 | |
| HDFC Large and Mid Cap Fund Regular- Growth | 23,484.62 | -5.14 | -2.22 | 10.82 | 33.10 | 18.30 |
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About HDFC Money Market Fund-Growth
1. HDFC Money Market Fund is Open-ended Money Market Debt scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Nov 18, 1999.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income / capital appreciation by investing in money market instruments. "
2. It is benchmarked against NIFTY Money Market Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HDFC Money Market Fund is 0.42678204 years and Duration is 0.39448544 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HDFC Money Market Fund-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. HDFC Money Market Fund is Open-ended Money Market Debt scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Nov 18, 1999.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income / capital appreciation by investing in money market instruments. "
2. It is benchmarked against NIFTY Money Market Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HDFC Money Market Fund is 0.42678204 years and Duration is 0.39448544 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HDFC Money Market Fund-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about HDFC Money Market Fund-Growth
- Is it safe to invest in HDFC Money Market Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC Money Market Fund comes under Low to Moderate risk category.
- What is the category of HDFC Money Market Fund?HDFC Money Market Fund belongs to the Debt : Money Market category of funds.
- How Long should I Invest in HDFC Money Market Fund?The suggested investment horizon of investing into HDFC Money Market Fund is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HDFC Money Market Fund?The HDFC Money Market Fund is managed by Amar Kalkundrikar (Since Jan 10, 2019) and Praveen Jain (Since Aug 31, 2024).
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