February 15, 2024
mayank
Bandhan Money Manager Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 39.2430
Weekly NAV IDCW: Rs 10.1077
Periodic NAV IDCW: Rs 14.3805
Monthly NAV IDCW: Rs 10.2162
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 aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
Fund Manager:
1) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
2) Gautam Kaul
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Money Manager Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.16% |
| Benchmark | NIFTY Money Market Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 3,948 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.23% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of Bandhan Money Manager Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Money Manager Dir | 0.92 | 0.03 | 0.62 | 1.82 | 3.56 | 7.54 | 5.46 | 5.79 | 6.08 | 6.94 |
| CCIL T Bill Liquidity Weight | 0.55 | 0.01 | 0.36 | 1.16 | 2.21 | 4.59 | 3.13 | 3.27 | 3.53 | 4.02 |
| Debt: Money Market | 0.90 | 0.02 | 0.62 | 1.81 | 3.55 | 7.44 | 5.48 | 6.00 | 6.35 | 7.03 |
| Rank within category | 6 | 2 | 9 | 15 | 13 | 10 | 11 | 12 | 11 | 11 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Bandhan Money Manager 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 | |
| Bandhan Money Manager Dir | 3 star | 7.54 | 5.46 | 5.79 | 0.23 | 3,948 | 7.16 | — | 11Y 1M |
| ABSL Money Manager Dir | 5 star | 7.64 | 5.67 | 6.24 | 0.21 | 17,824 | 7.38 | — | 11Y 1M |
| HDFC Money Market Dir | 4 star | 7.57 | 5.62 | 6.23 | 0.23 | 17,521 | 7.27 | — | 11Y 1M |
| Tata Money Mkt Dir | 5 star | 7.75 | 5.78 | 6.24 | 0.16 | 17,030 | 6.60 | — | 11Y 1M |
| ICICI Pru Money Market Dir | 4 star | 7.58 | 5.55 | 6.06 | 0.21 | 14,894 | 7.23 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 63 | 54 |
| Macaulay Duration (yrs) | 0.25 | 0.30 |
| Average Maturity (yrs) | 0.25 | 0.30 |
| Yield to Maturity (%) | 7.48 | 7.53 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Money Manager Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Money Manager Fund
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-money-manager-fund/