HDFC Money Market Fund Direct Growth

Debt
Direct
Money Market
HDFC Money Market Fund Direct Growth

About the Fund

HDFC Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vikash Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Money Market Fund Direct Growth has ₹23661 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

HDFC Money Market Fund Direct Growth has given a CAGR return of 7.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.63%, 6.16% and 6.17% respectively.

Holdings

HDFC Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government, Energy, Consumer Cyclical, Industrial, Basic Materials, Consumer Defensive, Tech. Its top holdings are Bank of Baroda, Small Industries Development Bank Of India, Union Bank of India, Panatone Finvest Ltd, 364 DTB 13032025

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of HDFC Money Market Fund Direct Growth

To generate income / capital appreciation by investing in money market instruments. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Money Market Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
486 people have invested ₹ 1.1Cr in HDFC Money Market Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.23%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹23661 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
123.87%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
52.4%
Cash Equivalent
36.4%
Government
11.2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Bank of Baroda
Bank of Baroda
2.42%
-7.7%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.31%
0%
Union Bank of India
Union Bank of India
2.23%
0%
Panatone Finvest Ltd
Panatone Finvest Ltd
2.23%
0%
364 DTB 13032025
364 DTB 13032025
2.22%
0%

Vikash Agarwal
Vikash Agarwal
Fund Manager of HDFC Money Market Fund Direct Growth, since 1 July 2020
Top funds managed

Mutual Fund Insights

Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.22% return, outperforming this fund by 0.05% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 47.0% growth in AUM moving from 16.09K Cr to 23.66K Cr.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.83% return, outperforming this fund by 0.2%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.31% return, outperforming this fund by 0.15% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.33%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 9.5% moving from 0.21 to 0.23.

HDFC Money Market Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.31% since inception which is more than its category average return of 5.24%
AUM size ₹23661 Cr

AUM size ₹23661 Cr

This fund has AUM of ₹23661 Cr which is more than its category average of ₹ 8133 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of HDFC Money Market Fund Direct Growth is ₹5417.68 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
HDFC Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.67%
0.67%
6 Month Returns
3.93%
3.93%
1 Year Returns
7.63%
7.63%
3 Years Returns
19.66%
6.16%
5 Years Returns
34.89%
6.17%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.23% as on June 2024
₹23661 Cr as on June 2024
Bank of Baroda(2.42%), Small Industries Development Bank Of India(2.31%), Union Bank of India(2.23%), Panatone Finvest Ltd(2.23%), 364 DTB 13032025(2.22%) as on June 2024
Corporate(52.35%), Cash Equivalent(36.42%), Government(11.23%) as on June 2024
Yield to Maturity is 7.63 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.58 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vikash Agarwal is the fund manager of HDFC Money Market Fund Direct Growth
The Exit load of HDFC Money Market Fund Direct Growth is 0%