Tata Money Market Fund Direct Plan Growth
Debt
Direct
Money Market
NAV: ₹ 4038.2 as on 24-03-2023
Fund Performance
121 people have invested ₹ 57.4L in mutual fund in the last three months
Fund Insights
In the last 1 year, Nippon India Money Market Fund Direct Plan Growth Option has given 5.76% return, outperforming Tata Money Market Fund Direct Plan Growth by 0.04%
In the last 3 years, Tata Money Market Fund Direct Plan Growth has outperformed all funds in its category
In the last 5 years, Aditya Birla Sun Life Money Manager Fund Direct Plan Growth has given 6.39% return, outperforming Tata Money Market Fund Direct Plan Growth by 1.61% per annum
Over the last 1 year, Tata Money Market Fund Direct Plan Growth has decreased expense ratio by 32.0% moving from 0.25 to 0.17
Tata Money Market Fund Direct Plan Growth has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.17% which is lower than the category average expense ratio of 0.34%
Tata Money Market Fund Direct Plan Growth Performance as on (24-Mar-23)
About the Fund
Tata Money Market Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Amit Somani. This fund is suitable to keep your money safe.
Key parameters
1) Tata Money Market Fund Direct Plan Growth has a NAV of ₹4038.2156 as on 24-03-2023.
2) Tata Money Market Fund Direct Plan Growth has ₹8804 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.
3) The fund has an expense ratio 0.17 %.
Tata Money Market Fund Direct Plan Growth Overview
 | 0.17% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹8804 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 464.67% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
59.4%
Government
23.2%
Corporate
17.4%
Top Holdings of Tata Money Market Fund Direct Plan Growth as on (28-Feb-23)
Debt Holdings56
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 (C) Treps | 5.53% | 0% | |
182 DTB 15062023 | 5.01% | 0% | |
182 DTB 22062023 | 4.5% | 0% | |
National Bank For Agriculture And Rural Development | 3.82% | 0% | |
D) Repo | 3.53% | 0% |
See all
Tata Money Market Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Money Market Index returns stands at 0.41% as on Feb'23
- This fund outperformed Money Market Index by 0.08% in Feb'23
AUM Change
- AUM of the fund stands at 8.8K Cr as of Feb'23
- AUM decreased by 761.6 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Debt allocation has gone down from 18.3% to 14.7%
Cash allocation has gone up from 81.7% to 85.3%
Top 2 Sectors in February were Corporate, Government
Feb'23
Government
23%
Corporate
17%
Jan'23
Corporate
29%
Government
24%
Peer Analysis
Tata Money Market Fund Direct Plan Growth Fund Manager
Amit Somani
Fund Manager of Tata Money Market Fund Direct Plan Growth, since 16 October 2013
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.5% since inception which is more than its category average return of 4.81%
AUM size ₹8804 Cr
This fund has AUM of ₹8804 Cr which is more than its category average of ₹ 4642 Cr
Expense Ratio 0.17%
This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of Tata Money Market Fund Direct Plan Growth is 4037.7 as on 23-Mar-2023.
Existing (Absolute + CAGR)
Tata Money Market Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.46% | 3.46% |
1 Year Returns | 5.73% | 5.73% |
3 Years Returns | 18.19% | 5.73% |
5 Years Returns | 26.29% | 4.78% |
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.
0.17 as on February 2023
8804 Cr as on February 2023
Yield to Maturity is 7.73 as on February 2023. 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 0.53 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Amit Somani is the fund manager of Tata Money Market Fund Direct Plan Growth
The Exit load of Tata Money Market Fund Direct Plan Growth is 0%