HDFC Money Market Fund - Growth

( NAV change from the previous, NAV as on )

Launch Date

1999-11-18 00:00:00.0

AUM

NA
(as on date NA)

Benchmark

CRISIL Liquid Fund Index

Fund Manager

Anil Bamboli

Risk: Moderately Low

HDFC Money Market Fund Overview

HDFC Money Market Fund is an open-ended debt scheme under duration based debt category. Earlier HDFC Money Market Fund was named HDFC Cash Mgmt Savings. The investment objective of HDFC Money Market Fund is to generate capital by primarily investing in money market securities with a maturity not more than 1 year. HDFC Money Market Fund portfolio includes money market instruments like- Government securities, Treasury bill which has low-interest rate risk. You can invest either in HDFC Money Market Fund growth scheme or HDFC Money Market Fund dividend plan. HDFC Money Market Fund expense ratio is quite low which does not hurt your pocket. If you see HDFC Money Market Fund performance table for the last 2 years, this fund has outperformed the benchmark index. Depending on HDFC Money Market Fund NAV details, you get to know how the fund is performing in the stock market.

Eligibility for investing in HDFC Money Market Fund

  • Adult citizens residing in India
  • Limited liability partnership
  • Minor through legal guardians/parents.
  • Individuals with Indian origin residing abroad (PIOs) or Non-Resident Indians
  • Religious and charitable trusts
  • The Karta of Hindu Undivided Family (HUF)
  • Banking and financial institutions
  • Foreign Institutional Investors (FIIs) with registration under the Securities and Exchange Board of India
  • Mutual Funds or any other Alternative Investment Funds registered under the Securities and Exchange Board of India

Documents required for HDFC Money Market Fund

KYC Documents-

  • AADHAAR Card
  • Pan Card
  • acknowledgment receipt
  • Voter's ID Card
  • Passport Size Photo

Advantages of HDFC Money Market Fund

  • HDFC Money Market Fund aims to generate income with investment in money market securities which have maturity up to 1 year.
  • The interest rate risk of HDFC Money Market Fund portfolio is quite low. So, thereturn generated offers low volatility.
  • HDFC Money Market Fund growth plan or HDFC Money Market Fund dividend plan are the options in which you can invest.
  • With the help of HDFC Money Market Fund performance table, you get a clear idea of how the fund has performed in the last 10 years.
  • Based on HDFC Money Market Fund NAV updates, you can go for investing online.
  • Professional fund manager takes care of the investment strategy of HDFC Money Market Fund portfolio.
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