3 Year return

Launched on February 2020 (4 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹231.68 Cr.

Expense Ratio

0.2% (inclusive of GST)

Exit Load



ARQ Rating

Ratings by other agencies


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


PGIM India Mutual Fund Managers


Kunal Jain

Fund Manager since Apr 2022

View Details

Fund House Details

PGIM India Mutual Fund

PGIM India Mutual Fund Asset management company

AUM ₹23,240.17 Cr.
No. of Schemes 67
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by PGIM India Mutual Fund

List of mutual fund schemes by AMC

About PGIM India Money Market Fund Direct Plan Growth

The PGIM India Money Market Fund Direct Plan Growth is a money market fund managed by PGIM India Mutual Fund. It is a debt fund, which means that it invests in debt securities. The fund is an open-ended fund, which means that it can issue and redeem units on a daily basis. The expense ratio of the fund is lower than the category average.

Investment Objectives of the Scheme

The primary objective of the PGIM India Money Market Fund Direct Plan Growth is to generate reasonable returns with a focus on capital preservation and liquidity. The fund aims to achieve this by investing in a diversified portfolio of money market instruments, such as commercial paper, certificates of deposit, treasury bills, and other short-term debt securities.

Key Features of The Fund

5-year return NA
Expense Ratio 0.2%
Fund Manager Kunal Jain
Fund Size ₹231.68 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

PGIM India Money Market Fund Direct Plan Growth could be suitable for investors who are seeking a low-risk, short-term investment option that provides liquidity and a potential alternative to traditional savings accounts or fixed deposits. If you have a low-risk tolerance, a need for quick access to your funds, and are looking to park surplus funds for a short duration, this fund might align well with your preferences. Before investing, it's crucial to align the fund's objectives with your own financial goals, risk tolerance, and investment horizon.

AMC Contact Details

Name PGIM India Mutual Fund
Launch Date May 2010
Addresss 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051 Phone No: +91 22 6159 3000
Contact 1800 266 7446
Email care@pgimindia.co.in
Website https://www.pgimindiamf.com/

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

Planning Tool at You Fingertips Now – SIP Calculator

Estimating and comparing your returns from different mutual funds can happen within under a minute with just 3 steps: Step 1: Open Angel One's free SIP calculator. Step 2: Enter your SIP Amount, investment horizon, and expected rate of return. Step 3: Compare!


What is today's NAV of PGIM India 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 PGIM India Money Market Fund Jun 11 2024 is 1262.9761

What is the AUM of PGIM India 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 PGIM India Money Market Fund is 231.68 crore.

What is the expense ratio of PGIM India 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 PGIM India Money Market Fund is 0.2%

What are the returns of PGIM India Money Market Fund since inception?

The PGIM India Money Market Fund was launched on Feb 28 2020. The fund has delivered a CAGR of 5.62 since inception.

What is the minimum SIP amount to invest in PGIM India 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 PGIM India Money Market Fund is 1000.

How do I invest in PGIM India 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 PGIM India 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 PGIM India 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 PGIM India 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.