Tata Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Amit Somani is the Current Fund Manager of Tata Money Market Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹421 Cr and the Latest NAV as of 15 Oct 2019 is ₹3366.97.
The Tata Money Market Fund Direct Growth is rated Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
Targeted at providing high liquidity and reasonable returns with capital preservation by primarily investing in money market instruments issued by high rated corporate sectors.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment