IDFC Money Manager Fund Regular Plan Growth - Regular - Latest NAV [ ₹32.1948 ], Returns, Performance, Portfolio & Returns 2021

IDFC Money Manager Fund Regular Plan Growth

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Fund Summarystar

PeriodReturns(per year)
10 Years7.14%
5 Years5.79%
3 Years5.48%
1 Year2.94%
6 Months1.58%
Fund Details
RiskLow to Moderate Risk
Fund TypeMoney Market
Exit Load--

More about this fundstar

Top HoldingsWeightage
182 DTB 0212202126.02%
Triparty Repo9.04%
Net Current Assets8.46%
182 DTB 091220216.67%
Axis Bank Limited5.05%
Reliance Industries Limited5.05%
Reliance Retail Ventures Limited5.05%
364 DTB 240320224.78%
Kotak Mahindra Prime Limited3.72%
Housing Development Finance Corporation Limited3.36%

About IDFC Money Manager Fund

The IDFC Money Manager Fund is an open-ended debt scheme. It seeks to generate short-term optimal returns with high liquidity and relative stability by investing substantially in money market instruments including debt securities. It was earlier known as IDFC Money Manager Fund – Treasury Plan and was renamed as IDFC Money Manager Fund.

Pros & Cons of IDFC Money Manager Fund

  • The scheme endeavors to generate stable returns over the short and long-term with low risks and invests in money market instruments including debt securities having maturity of up to 1 year.
  • As on September 30, 2018, the scheme is ranked 4 under CRISIL’s Money Market Fund category.
  • Further, it has generated returns of 5.77% per year over the last 10 years (as on January 10, 2019).

Fund Information and Statistics of IDFC Money Manager Fund

i) Inception / Launch Date

The scheme was launched on 18 February 2003 by IDFC Mutual Fund.

ii) Risk Level

According to the investment objective and asset allocation of the scheme, it has a Moderately-Low risk level associated with it.

iii) Redemption

The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

The Fund Managers of the IDFC Money Manager Fund are:

  • Mr. Anurag Mittal (since November 9, 2015)
  • Mr. Harshal Joshi (since May 15, 2017)

v) Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in IDFC Money Manager Fund

The following taxes are applicable to income arising from investing in this scheme:

  • STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab.
  • LTCG component is taxed at 20% with indexation benefits.

About IDFC Mutual Fund

Established in 2000, IDFC Mutual Fund is one of India’s largest mutual fund houses in terms of Assets under Management (AuM). Further, it has received accolades for its innovative approach to managing assets in a relatively short span of time. It offers a plethora of schemes to suit the investment requirements of different types of investors.

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Frequently Asked Questions

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Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Low to Moderate Risk

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