HDFC Money Market Fund
Start your investment
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Money Market|
More about this fund
|07.86% RJ SDL Spl 2019||0.5%|
About HDFC Money Market Fund
HDFC Money Market Fund, as the name suggests will invest in the money market instruments. The scheme aims to deliver regular income and capital appreciation. The scheme will invest in government debts, non-government debts, and even overseas debt instruments. The suggested investment period for the scheme is about 3-6 months. The portfolio Macaulay duration is about 6-12 months.
Pros & Cons of HDFC Money Market Fund
HDFC Money Market Fund offers the following benefits: 1. The scheme is aimed at providing income and capital appreciation over a medium to short-term timeframe. 2. Investors can minimise the risk while ensuring higher liquidity by investing in this fund.
Fund Information and Statistics of HDFC Money Market Fund
i) Inception / Launch date
The HDFC Money Market Fund was started on November 18, 1999, by HDFC Mutual Fund.
ii) Risk level
Your investments in this fund will be at moderately low risk. Suitable for all investors seeking stable returns.
The units can be redeemed on any business day based on the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager
The fund is managed by Anil Bamboli since July 25, 2012. He is a CFA and holds a Masters in Management Studies (Finance). Before joining HDFC, he has worked with SBI Fund Management for 11 years.
v) Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in HDFC Money Market Fund
The Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than three years.
About HDFC Mutual Fund
Being one of the leading mutual fund investment companies, HDFC Mutual Fund offers a wide array of mutual fund products for its customers, investors and patrons. The schemes vary from Fund of Funds (FOFs), to liquid fund to equity funds and regular debt fund amongst a wide range of other mutual fund products
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Start your investment
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns