January 31, 2024
mayank
Bajaj Finserv Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,040.8174
Monthly NAV IDCW: Rs 1,037.8827
NAV IDCW: Rs 1,040.8174
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme is seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bajaj Finserv Money Market Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 24-Jul-23 |
| Return Since Launch | 4.08% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,570 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.22% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bajaj Finserv Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj FinServ Money Market Dir | 0.62 | 0.02 | 0.62 | 1.81 | 3.93 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.37 | 0.05 | 0.37 | 1.16 | 2.19 | — | — | — | — | — |
| Debt: Money Market | 0.61 | 0.02 | 0.62 | 1.79 | 3.55 | — | — | — | — | — |
| Rank within category | 9 | 15 | 11 | 11 | 1 | — | — | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Bajaj Finserv Money Market Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bajaj FinServ Money Market Dir | Unrated | — | — | — | 0.22 | 1,570 | 4.08 | — | 6M |
| ABSL Money Manager Dir | 4 star | 7.63 | 5.62 | 6.25 | 0.21 | 16,700 | 7.38 | — | 11Y |
| HDFC Money Market Dir | 4 star | 7.55 | 5.56 | 6.25 | 0.23 | 16,092 | 7.27 | — | 11Y |
| Tata Money Mkt Dir | 5 star | 7.73 | 5.73 | 6.26 | 0.16 | 14,685 | 6.59 | — | 11Y |
| Nippon Ind Money Mkt Dir | 5 star | 7.56 | 5.62 | 6.12 | 0.25 | 12,669 | 7.27 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 42 | 54 |
| Macaulay Duration (yrs) | 0.28 | 0.30 |
| Average Maturity (yrs) | 0.28 | 0.30 |
| Yield to Maturity (%) | 7.46 | 7.53 |
| Avg Credit Rating | AAA | — |
How to Invest in Bajaj Finserv Money Market Fund?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Money Market Fund
Apply Online: https://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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