Fund Performance
Lumpsum
SIP
5.63
as on 10 Jun 20213 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,792 today.
NAV Performance
Fund Information
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₹ 32.087
as on 10 Jun 2021 -
Regular - Growth
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-
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₹ 100
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₹ 2,527 Cr.
as on 10 Jun 2021 -
0.98%
since 31 Dec 2020 -
18 Feb 2003
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CRISIL 10 Year Gilt Index
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IDFC mutual fund
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Highlights of this fund
IDFC Money Manager Fund is an Open-ended Debt Fund. The fund belongs to Money Market Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 18 Feb 2003. This fund is offered by one of the top AMC (Assets Management Company) IDFC mutual fund. You can also view here all other Debt funds offered by IDFC mutual fund.
Latest NAV of the fund is ₹ 32.087 as on 10 Jun 2021.
This fund has 18 years of track record. Since 31 Dec 2020 expense ratio of this fund is 0.98%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 100.
Fund Objective
Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives of the scheme will be realized.
List of Fund Managers of IDFC Money Manager Fund
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About Anurag Mittal
Mr. Anurag Mittal is Associate Director – Fund Management at IDFC Asset Management Company Limited. Mr. Mittal has experience spanning of over 10 years in Fund Management, Dealing & Research Activities. He has been associated with IDFC AMC since November’2015. Prior to joining IDFC AMC, he was associated with HDFC Asset Management Company Ltd as Senior Manager - Investments, responsible for Dealing & Research (September 2012 - October 2015). Prior to the same he was associated with Axis Asset Management Company Limited as Fund Manager - Investments, responsible for Fund Management, Dealing & Research (July 2009 - September 2012). Prior to the same he was associated with ICICI Prudential Life Insurance as Manager - Investments, responsible for Dealing & Research (June 2008 – June 2009). Prior to the same he was also associated with Bank of America as Analyst - Corporate Debt Products, involved in research (November 2006 - June 2008). He is Chartered Accountant affiliated with Institute of Chartered Accountants of India, He holds a Master Degree in Accounting & Finance with specialization in Finance from London School of Economics & Political Science and a Bachelors Degree in Commerce.
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About Harshal Joshi
Mr. Harshal Joshi is Associate Vice President - Fund Management at IDFC Asset Management Company Limited. Mr. Joshi has experience spanning of over 9 years in Mutual Fund. He has been associated with IDFC AMC since December’2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). He holds a PGDBM (N.L.Dalmia Institute of Management Studies and Research) and Masters Degree in Commerce
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.10% | 0.33% | 1.20% | 2.01% | 24.95% | 10.71% | 7.02% | 7.03% | 8.46% | 6.87% | 13.67% | 8.90% | 6.74% | 7.48% |
| Category Average | 0.08% | 0.29% | 0.98% | 1.70% | 5.12% | 6.17% | 6.33% | 6.59% | 7.51% | 3.89% | 5.51% | 5.92% | 6.21% | 6.96% |
| IDFC Money Manager Fund | 0.06%₹ 10,006 | 0.24%₹ 10,023 | 0.88%₹ 10,087 | 1.48%₹ 10,147 | 3.32%₹ 10,331 | 3.06%₹ 12,197 | 4.85%₹ 10,994 | 4.13%₹ 25,039 | 5.63%₹ 11,792 | 4.84%₹ 38,755 | 5.94%₹ 13,345 | 5.38%₹ 68,736 | 7.20%₹ 20,062 | 6.52%₹ 1,67,784 |
| Aditya Birla Sun Life Money Manager Fund | 0.08%₹ 10,007 | 0.33%₹ 10,032 | 1.11%₹ 10,111 | 1.92%₹ 10,192 | 4.65%₹ 10,465 | 4.16%₹ 12,268 | 6.27%₹ 11,295 | 5.42%₹ 25,367 | 7.02%₹ 12,264 | 6.20%₹ 39,548 | 7.01%₹ 14,032 | 6.74%₹ 71,131 | 8.06%₹ 21,716 | 7.48%₹ 1,76,445 |
| HDFC Money Market Fund | 0.10%₹ 10,009 | 0.32%₹ 10,031 | 1.12%₹ 10,112 | 1.88%₹ 10,187 | 4.55%₹ 10,454 | 4.06%₹ 12,261 | 6.23%₹ 11,287 | 5.37%₹ 25,352 | 6.89%₹ 12,218 | 6.13%₹ 39,510 | 6.81%₹ 13,901 | 6.59%₹ 70,865 | 7.88%₹ 21,372 | 7.30%₹ 1,74,816 |
| Franklin India Savings Fund Retail Option | 0.08%₹ 10,008 | 0.29%₹ 10,029 | 1.02%₹ 10,102 | 1.76%₹ 10,175 | 4.13%₹ 10,413 | 3.73%₹ 12,240 | 6.01%₹ 11,238 | 4.99%₹ 25,256 | 6.86%₹ 12,209 | 5.91%₹ 39,379 | 7.03%₹ 14,044 | 6.54%₹ 70,781 | 7.96%₹ 21,518 | 7.40%₹ 1,75,723 |
| Nippon India Money Market Fund | 0.09%₹ 10,008 | 0.31%₹ 10,031 | 1.05%₹ 10,105 | 1.89%₹ 10,188 | 4.37%₹ 10,436 | 4.03%₹ 12,259 | 5.94%₹ 11,225 | 5.09%₹ 25,283 | 6.82%₹ 12,194 | 5.91%₹ 39,379 | 6.83%₹ 13,919 | 6.52%₹ 70,742 | 7.92%₹ 21,443 | 7.32%₹ 1,74,946 |
| UTI Money Market Fund | 0.07%₹ 10,007 | 0.31%₹ 10,031 | 1.03%₹ 10,103 | 1.87%₹ 10,186 | 4.45%₹ 10,445 | 4.00%₹ 12,257 | 5.92%₹ 11,220 | 5.09%₹ 25,282 | 6.75%₹ 12,169 | 5.88%₹ 39,361 | 6.81%₹ 13,906 | 6.48%₹ 70,678 | 7.91%₹ 21,425 | 7.31%₹ 1,74,829 |
Portfolio Holdings
Top Debt Instrument Type holdings of IDFC Money Manager Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| CP | 35.34% | ₹ 1,085.24 Cr. |
| GOI | 32.15% | ₹ 987.67 Cr. |
| CD | 20.90% | ₹ 642.50 Cr. |
| Others | 11.61% | - |
Top Debt Holdings of IDFC Money Manager Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 32.15% | ₹ 987.67 Cr. |
| Bond - Axis Bank Ltd. | 10.03% | ₹ 308.38 Cr. |
| Bond - Housing Development Finance Corporation Ltd. | 7.96% | ₹ 244.46 Cr. |
| Bond - LIC Housing Finance Ltd. | 7.19% | ₹ 220.85 Cr. |
| Bond - Kotak Mahindra Prime Ltd. | 6.23% | ₹ 191.32 Cr. |
| Others | 36.44% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 11.28% |
| Net Receivables | 0.32% |
| Margin | 0.01% |