|Min SIP Amount||₹100|
|NAV||₹10.10 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹2,683 Cr|
|Reserve Bank of India||Financial||T-Bills||7.8%|
|Grasim Industries Ltd.||Construction||CP||7.5%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||6.6%|
|Reliance Industries Ltd.||Energy||CP||5.7%|
|Export-Import Bank Of India||Financial||CD||4.4%|
|Andhra Pradesh State||Others||SDL||3.9%|
|Reliance Jio Infocomm Ltd.||Communication||CP||3.8%|
|Reliance Retail Ventures Ltd.||Services||CP||3.8%|
|Sundaram Finance Ltd.||Financial||CP||3.7%|
|ICICI Bank Ltd.||Financial||CD||3.4%|
IDFC Money Manager Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Anurag Mittal, Harshal Joshi is the Current Fund Manager of IDFC Money Manager Fund Direct Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹2,683 Cr and the Latest NAV as of 23 Oct 2020 is ₹10.10.
The IDFC Money Manager Fund Direct Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100.
The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.