3 Year return

6.06%
Launched on December 2012 (12 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹22479.76 Cr.

Expense Ratio

0.23% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4

Ratings by other agencies

4
3
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

HDFC Mutual Fund Managers

AB

Anil Bamboli

Fund Manager since Apr 2022

View Details

Fund House Details

HDFC Mutual Fund

HDFC Mutual Fund Asset management company

AUM ₹617,677.76 Cr.
No. of Schemes 167
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by HDFC Mutual Fund

List of mutual fund schemes by AMC

About HDFC Money Market Fund Growth Direct Plan

The HDFC Money Market Fund Direct Plan-Growth falls under the Money Market mutual fund category from the HDFC Mutual Fund. This is an open-ended fund which gives investors an option to buy or sell fund units at any time. The expense ratio of HDFC Money Market Fund Direct Plan-Growth is slightly low compared to the category average.

Investment Objective of the Scheme

The primary focus of this scheme is on income generation and capital appreciation, achieved through meticulous investments in money market instruments. However, as with all financial ventures, it's essential to understand that the fund doesn't guarantee the realisation of its investment objectives.

Key Features of The Fund

5-year return 6.2%
Expense Ratio 0.23%
Fund Manager Anil Bamboli
Fund Size ₹22479.76 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The HDFC Money Market Fund is tailor-made for individuals with a short-term investment horizon, typically ranging from 6 months up to a year. If you're an investor, it's prudent to ensure that a significant portion of the fund isn't tied up in low-rated debt. Not just limited to short-term financial goals, this fund can also act as a safeguard, providing a cushion in the form of emergency funds. If you prioritise safety and liquidity while seeking moderate returns, this fund can be an apt choice for your portfolio.

AMC Contact Details

Name HDFC Mutual Fund
Launch Date July 2000
Addresss "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020
Contact 1800 3010 6767 1800 419 7676
Email hello@hdfcfund.com
Website https://www.hdfcfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Combat Inflation With SIP Investments

Beat inflation and watch your money grow with our SIP return calculator. Protect your purchasing power and ensure your investments outpace inflation. Start hedging against inflation and securing your financial future now!

FAQs

What is today's NAV of HDFC Money Market Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of HDFC Money Market Fund Jun 19 2024 is 5386.0054

What is the AUM of HDFC Money Market Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of HDFC Money Market Fund is 22479.76 crore.

What is the expense ratio of HDFC Money Market Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of HDFC Money Market Fund is 0.23%

What are the returns of HDFC Money Market Fund since inception?

The HDFC Money Market Fund was launched on Dec 31 2012. The fund has delivered a CAGR of 7.3 since inception.

What is the minimum SIP amount to invest in HDFC Money Market Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for HDFC Money Market Fund is 100.

How do I invest in HDFC Money Market Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in HDFC Money Market Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in HDFC Money Market Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in HDFC Money Market Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.