August 18, 2023
mayank
Tata Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 4,165.3015
NAV IDCW Daily: Rs 1,114.5200
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 generate returns with reasonable liquidity to the unit holders by investing in money market instruments.
Fund Manager:
1) Amit Somani
Education: Mr.Somani is a B.Com, PGDBM and CFA.
Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Money Market Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.55% |
| Benchmark | CRISIL Money Market B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 12,928 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.17% |
| (As on 31-Jul-2023) | |
| Risk Grade | — |
| Return Grade | High |
Tata Money Market Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Money Mkt Dir | 4.83 | 0.04 | 0.54 | 1.80 | 3.90 | 7.25 | 5.25 | 4.77 | 5.42 | 6.42 |
| CCIL T Bill Liquidity Weight | 2.62 | -0.09 | 0.25 | 1.08 | 2.23 | 3.99 | 2.71 | 3.27 | 3.51 | 4.16 |
| Debt: Money Market | 4.64 | 0.04 | 0.52 | 1.75 | 3.75 | 6.91 | 4.93 | 6.02 | 6.35 | 7.17 |
| Rank within category | 1 | 10 | 2 | 2 | 1 | 1 | 1 | 13 | 12 | 12 |
| Number of funds in category | 22 | 23 | 22 | 22 | 22 | 21 | 17 | 13 | 12 | 12 |
Tata Money Market Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Tata Money Mkt Dir | 5 star | 7.25 | 5.25 | 4.77 | 0.17 | 12,928 | 6.55 | — | 10Y 7M |
| HDFC Money Mkt Dir | 4 star | 7.11 | 5.08 | 6.33 | 0.21 | 18,870 | 7.27 | — | 10Y 7M |
| ABSL Money Manager Dir | 4 star | 7.15 | 5.15 | 6.37 | 0.21 | 15,637 | 7.38 | — | 10Y 7M |
| Nippon Ind Money Mkt Dir | 5 star | 7.11 | 5.12 | 6.24 | 0.24 | 11,445 | 7.27 | — | 10Y 7M |
| UTI Money Mkt Dir | 4 star | 7.11 | 5.08 | 6.19 | 0.20 | 9,998 | 7.26 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 79 | 55 |
| Macaulay Duration (yrs) | 0.50 | 0.45 |
| Average Maturity (yrs) | 0.50 | 0.45 |
| Yield to Maturity (%) | 7.29 | 7.09 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Money Market Fund
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