IDFC Money Manager Fund Regular Plan Growth - Latest NAV ₹31.3226, Returns, Performance & Portfolio

IDFC Money Manager Fund Regular Plan Growth

  • highlight
    6.74%
  • highlight
    31.3226

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds

Fund Summarystar

PeriodReturns(per year)
10 Years7.58%
5 Years6.74%
3 Years6.18%
1 Year6.17%
6 Months3.15%
Fund Details
ISININF194K01LJ9
RiskModerately Low risk
Fund TypeMoney Market
NAV31.3226
Exit Load--

More about this fundstar

Top HoldingsWeightage
364 DTB 221020206.54%
8.12% Govt Stock 20205.08%
8.53% Andhra GS 20214.08%
182 DTB 311220201.97%
7.64% AP SDL 20210.61%
7.62% MH SDL 20210.2%
7.62% OD SDL 20210.2%

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.

Customer Reviewsstar

  • " 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 Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately Low 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