February 7, 2025
mayank
PGIM India Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,324.1973
Weekly NAV IDCW: Rs 1,001.7395
NAV IDCW Monthly: Rs 1,063.2211
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 seeks to deliver reasonable market related returns through investments in Money Market instruments.
Fund Manager:
1) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Money Market Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 06-Mar-20 |
| Return Since Launch | 5.87% |
| Benchmark | CRISIL Money Market A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 181 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.20% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of PGIM India Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India Money Market Dir | 0.73 | 0.05 | 0.62 | 1.77 | 3.65 | 7.54 | 6.80 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.60 | 0.05 | 0.50 | 1.17 | 2.38 | 4.86 | 4.04 | — | — | — |
| Debt: Money Market | 0.75 | 0.04 | 0.63 | 1.81 | 3.70 | 7.71 | 6.75 | — | — | — |
| Rank within category | 21 | 9 | 21 | 21 | 20 | 21 | 10 | — | — | — |
| Number of funds in category | 23 | 24 | 23 | 23 | 23 | 23 | 20 | 16 | 12 | 12 |
Peer Comparison of PGIM India 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 | |
| PGIM India Money Market Dir | 2 star | 7.54 | 6.80 | — | 0.20 | 181 | 5.87 | — | 4Y 11M |
| HDFC Money Market Dir | 4 star | 7.86 | 6.88 | 6.19 | 0.23 | 27,366 | 7.32 | — | 12Y 1M |
| ABSL Money Manager Dir | 5 star | 7.92 | 6.94 | 6.23 | 0.22 | 25,919 | 7.42 | — | 12Y 1M |
| Tata Money Market Dir | 5 star | 8.01 | 7.03 | 6.29 | 0.16 | 24,751 | 6.71 | — | 12Y 1M |
| UTI Money Market Dir | 4 star | 7.84 | 6.90 | 6.08 | 0.15 | 17,810 | 7.31 | — | 12Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 94 |
| Macaulay Duration (yrs) | 0.58 | 0.45 |
| Average Maturity (yrs) | 0.58 | 0.46 |
| Yield to Maturity (%) | 7.37 | 7.44 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Money Market Fund
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