HDFC Money Market Direct Plan Growth Option
Debt
Direct
Money Market
NAV: ₹ 5349.5 as on 16-05-2024
About the Fund
HDFC Money Market Direct Plan Growth Option 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
- HDFC Money Market Direct Plan Growth Option has ₹21261 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
513 people have invested ₹ 1.2Cr in HDFC Money Market Direct Plan Growth Option in the last three months
Overview
 | 0.23% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹21261 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 123.87% |
HDFC Money Market Direct Plan Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
50.9%
Cash Equivalent
35.8%
Government
13.3%
Top Holdings of HDFC Money Market Direct Plan Growth Option as on (30-Apr-24)
Debt Holdings120
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank For Agriculture And Rural Development | 3.32% | 0% | |
Bank Of Baroda | 2.95% | 100% | |
Bank of Baroda | 2.88% | 0% | |
Union Bank of India | 2.45% | 0% | |
Panatone Finvest Ltd | 2.45% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 21.3K Cr as of Apr'24
- AUM increased by 3K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.03% per annum.
Over the last 1 year, this fund has increased expense ratio by 9.5% moving from 0.21 to 0.23.
Over the last 1 month, this fund has experienced a 16.6% growth in AUM moving from 18.24K Cr to 21.26K Cr.
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%.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.15% per annum.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.19%.
Peer Analysis
Fund Manager
Vikash Agarwal
Fund Manager of HDFC Money Market Direct Plan Growth Option, since 1 July 2020
Top funds managed
HDFC Money Market Direct Plan Growth Option 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 7.3% since inception which is more than its category average return of 4.96%
AUM size ₹21261 Cr
This fund has AUM of ₹21261 Cr which is more than its category average of ₹ 6863 Cr
Expense Ratio 0.23%
This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of HDFC Money Market Direct Plan Growth Option is ₹5349.5 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
HDFC Money Market Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.89% | 3.89% |
1 Year Returns | 7.68% | 7.68% |
3 Years Returns | 18.93% | 5.95% |
5 Years Returns | 35.39% | 6.25% |
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 April 2024
₹21261 Cr as on April 2024
National Bank For Agriculture And Rural Development(3.32%), Bank Of Baroda(2.95%), Bank of Baroda(2.88%), Union Bank of India(2.45%), Panatone Finvest Ltd(2.45%) as on April 2024
Corporate(50.93%), Cash Equivalent(35.78%), Government(13.29%) as on April 2024
Yield to Maturity is 7.82 as on April 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 0.69 as on April 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 Direct Plan Growth Option
The Exit load of HDFC Money Market Direct Plan Growth Option is 0%