Name: IDFC Money Manager Fund Direct IDCW Monthly
Brand: IDFC Mutual Fund

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IDFC Money Manager Fund Direct IDCW Monthly
Debt
Money Market
Low to Moderate Risk
5.95%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 22 Oct 2021₹10.21
Min. SIP amountNA
Rating2star
Fund size₹2,737.51 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Money Market
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.6%6.0%6.2%7.5%
Category average3.7%6.3%6.5%NA
Rank with in category141211NA
Understand termsinfo
Holdings (32)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills28.3%
Reserve Bank of India
FinancialT-Bills7.3%
Reliance Industries Ltd.
EnergyCP4.2%
Kotak Mahindra Prime Ltd.
FinancialCP4.0%
Reliance Industries Ltd.
EnergyCP3.6%
Reliance Retail Ventures Ltd.
ServicesCP3.6%
Reserve Bank of India
FinancialT-Bills3.6%
Kotak Mahindra Prime Ltd.
FinancialCP3.6%
Ultratech Cement Ltd.
ConstructionCP3.6%
Sundaram Finance Ltd.
FinancialCP3.6%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Money Market
thumb_up_altPros
Exit load is zero
Lower expense ratio: 0.22%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 2
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.22%
31 Aug 2021 - 30 Sep 2021
0.22%
31 Jul 2021 - 31 Aug 2021
0.21%
30 Jun 2021 - 31 Jul 2021
0.21%
31 May 2021 - 30 Jun 2021
0.21%
30 Apr 2021 - 31 May 2021
0.21%
31 Mar 2021 - 30 Apr 2021
0.20%
28 Feb 2021 - 31 Mar 2021
0.22%
31 Jan 2021 - 28 Feb 2021
0.22%
31 Dec 2020 - 31 Jan 2021
0.21%
30 Nov 2020 - 31 Dec 2020
0.20%
31 Oct 2020 - 30 Nov 2020
0.20%
30 Sep 2020 - 31 Oct 2020
0.20%
31 Aug 2020 - 30 Sep 2020
0.20%
31 Jul 2020 - 31 Aug 2020
0.20%
30 Jun 2020 - 31 Jul 2020
0.20%
31 May 2020 - 30 Jun 2020
0.20%
30 Apr 2020 - 31 May 2020
0.20%
31 Mar 2020 - 30 Apr 2020
0.30%
29 Feb 2020 - 31 Mar 2020
0.30%
31 Jan 2020 - 29 Feb 2020
0.30%
31 Dec 2019 - 31 Jan 2020
0.28%
30 Nov 2019 - 31 Dec 2019
0.28%
31 Oct 2019 - 30 Nov 2019
0.28%
30 Sep 2019 - 31 Oct 2019
0.28%
31 Aug 2019 - 30 Sep 2019
0.27%
31 Jul 2019 - 31 Aug 2019
0.21%
30 Jun 2019 - 31 Jul 2019
0.21%
31 May 2019 - 30 Jun 2019
0.37%
30 Apr 2019 - 31 May 2019
0.37%
31 Mar 2019 - 30 Apr 2019
0.34%
28 Feb 2019 - 31 Mar 2019
0.34%
31 Jan 2019 - 28 Feb 2019
0.34%
31 Dec 2018 - 31 Jan 2019
0.31%
30 Nov 2018 - 31 Dec 2018
0.31%
31 Oct 2018 - 30 Nov 2018
0.31%
30 Sep 2018 - 31 Oct 2018
0.61%
31 Aug 2018 - 30 Sep 2018
0.61%
31 Jul 2018 - 31 Aug 2018
0.61%
30 Jun 2018 - 31 Jul 2018
0.59%
31 May 2018 - 30 Jun 2018
0.57%
30 Apr 2018 - 31 May 2018
0.57%
31 Mar 2018 - 30 Apr 2018
0.57%
28 Feb 2018 - 31 Mar 2018
0.49%
31 Jan 2018 - 28 Feb 2018
0.49%
31 Dec 2017 - 31 Jan 2018
0.49%
30 Nov 2017 - 31 Dec 2017
0.49%
31 Oct 2017 - 30 Nov 2017
0.54%
Expense ratio, exit load and taxExpense ratio: 0.22%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA
Fund managementAnurag Mittal
Nov 2015 - Present
View details
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Education
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Experience
Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
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Harshal Joshi
May 2017 - Present
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Education
Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience
Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.
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Brijesh Shah
Jul 2021 - Present
View details
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Education
Mr. Shah is a Post Graduate Diploma in Finance.
Experience
Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Also manages these schemes
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IDFC Money Manager Fund Direct IDCW Weekly
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IDFC Overnight Fund Direct Growth
Fund house & investment objective
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IDFC Mutual Fund
Rank (total assets)#9 in India
Total AUM1,20,172.24 Cr
Date of Incorporation13 Mar 2000
IDFC Money Manager Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 
IDFC Money Manager Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was made available to investors on 13 Mar 2000. Anurag Mittal, Harshal Joshi is the Current Fund Manager of IDFC Money Manager Fund Direct IDCW Monthly fund. The fund currently has an Asset Under Management(AUM) of ₹1,20,172 Cr and the Latest NAV as of 22 Oct 2021 is ₹10.21.
The IDFC Money Manager Fund Direct IDCW Monthly is rated Low to Moderate risk. Minimum SIP Investment is set to 100. ...Read more
Investment Objective
The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments
The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
...Read more
Fund benchmarkNIFTY Money Market Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013
Phone
022-66289999
Launch Date
13 Mar 2000
E-mail
[email protected]
Website
NA
IDFC Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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IDFC Money Manager Fund Direct IDCW Monthly
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	1Y	3Y	5Y	All
Fund returns	3.6%	6.0%	6.2%	7.5%
Category average	3.7%	6.3%	6.5%	NA
Rank with in category	14	12	11	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	28.3%
Reserve Bank of India	Financial	T-Bills	7.3%
Reliance Industries Ltd.	Energy	CP	4.2%
Kotak Mahindra Prime Ltd.	Financial	CP	4.0%
Reliance Industries Ltd.	Energy	CP	3.6%
Reliance Retail Ventures Ltd.	Services	CP	3.6%
Reserve Bank of India	Financial	T-Bills	3.6%
Kotak Mahindra Prime Ltd.	Financial	CP	3.6%
Ultratech Cement Ltd.	Construction	CP	3.6%
Sundaram Finance Ltd.	Financial	CP	3.6%

Rating	2
Fund size	₹2,737.51 Cr