PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Money Market
PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl

About the Fund

PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 6 March, 2020. The fund is managed by Puneet Pal, Bhupesh Kalyani. This fund is suitable to keep your money safe.

Key Parameters

  1. PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has ₹232 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 5.23% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.06% and 5.93% respectively.

Holdings

PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 06032025, HDFC Bank Ltd., Punjab National Bank, Export-Import Bank of India, Canara Bank

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 PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl

The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.2%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹232 Cr
Inception Date6 March, 2020
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
384.7%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
44.9%
Cash Equivalent
43%
Government
12.1%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
364 DTB 06032025
364 DTB 06032025
10.3%
0%
HDFC Bank Ltd.
HDFC Bank Ltd.
10.29%
0%
Punjab National Bank
Punjab National Bank
9.91%
0%
Export-Import Bank of India
Export-Import Bank of India
9.44%
0%
Canara Bank
Canara Bank
8.19%
0%

Puneet Pal
Puneet Pal
Fund Manager of PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl, since 16 July 2022
Bhupesh Kalyani
Bhupesh Kalyani
Fund Manager of PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl, since 13 September 2022

PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 5.23% since inception which is less than its category average return of 5.23%
AUM size ₹232 Cr

AUM size ₹232 Cr

This fund has AUM of ₹232 Cr which is less than its category average of ₹ 8133 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl is ₹1006.08 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.4%
0.4%
6 Month Returns
3.43%
3.43%
1 Year Returns
7.06%
7.06%
3 Years Returns
18.85%
5.93%
5 Years Returns
0%
0%
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.
0.2% as on June 2024
₹232 Cr as on June 2024
364 DTB 06032025(10.3%), HDFC Bank Ltd.(10.29%), Punjab National Bank(9.91%), Export-Import Bank of India(9.44%), Canara Bank(8.19%) as on June 2024
Corporate(44.93%), Cash Equivalent(42.99%), Government(12.08%) as on June 2024
Yield to Maturity is 7.53 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 0.7 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Puneet Pal, Bhupesh Kalyani are the fund managers of PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl
The Exit load of PGIM India Money Market Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl is 0%