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With 27.52% Returns, This Money Market Fund Is Good For Investment

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Money market fund is a type of mutual fund that invests in short-term, highly liquid assets. Cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short maturity are examples of these products. Money market funds are designed to provide investors with high liquidity while minimizing risk. Money market mutual funds are another name for money market funds. In this article, we have given insights into a money market fund, the insights also include returns -both lump-sum and SIP- and portfolio.

 

 Tata Money Market Fund - Direct Plan-Growth

Tata Money Market Fund - Direct Plan-Growth

As the name suggests, it is a Money Market Fund from the house of Tata Mutual Fund. Under the Direct Plan-Growth scheme of this fund, its Assets Under Management stood at Rs 7,795.18 Crores. While its expense ratio is 0.25%, which is relatively below its category average. The recent declared Net Asset Value or NAV of this fund is Rs 3823.8543. It was declared on March 30, 2022.

It is an open-ended medium-sized fund of its category. The fund's benchmark is the CRISIL Money Market index. It is a low to moderate risk fund. The scheme has been rated 3 by the CRISIL, a rating agency. Its performance is average among its peer funds.

Investors who are seeking a short-term investment option to bank accounts or deposits can look for this fund for investments. Investors should remember, its ability to control losses in a falling market is also average.

Absolute And Annualised Returns
 

Absolute And Annualised Returns

 Returns On Lump-Sum Investment 

Investment PeriodAbsolute ReturnsAnnualised Returns
1 Year4.23%4.23%
2 Year10.35%5.05%
3 Year18.64%5.85%
5 Year27.52%4.98%
Since Inception80.26%6.58%

Returns On SIP Investment 

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year2.27%4.25%
2 Year4.61%4.41%
3 Year7.92%5.02%
5 Year13.33%4.95%
Portfolio

Portfolio

The fund has a debt investment of 79.16 percent, with 17.3 percent in government securities and 61.86 percent in funds with extremely low-risk securities.

The fund's credit record is excellent, suggesting that it has lent to high-quality customers. Because most funds in this category lend to stronger borrowers, the risk of default is higher in this fund than in others in the category.

Tata Teleservices Ltd., Barclays Investments & Loans Ltd., IDFC Bank Ltd., Axis Bank Ltd., and GOI are among the fund's top holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Story first published: Thursday, March 31, 2022, 19:28 [IST]
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