Bajaj Finserv Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (05-Sep-24)
₹1088.690.02%1D
Returns (Since Inception)
7.88%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹2,483 Cr
Expense Ratio
0.22%
ISIN
INF0QA701334
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
24 Jul 2023
About this fund
Bajaj Finserv Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Bajaj Finserv Mutual Fund. This fund has been in existence for 1 years, 1 months and 14 days, having been launched on 24-Jul-23.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1088.69, Assets Under Management (AUM) of 2483.47 Crores, and an expense ratio of 0.22%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1088.69, Assets Under Management (AUM) of 2483.47 Crores, and an expense ratio of 0.22%.
- Bajaj Finserv Money Market Fund Direct Growth has given a CAGR return of 7.88% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 28.35% in debts, and 71.43% in cash & cash equivalents.
- You can start investing in Bajaj Finserv Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.57%
+6.56% (Cat Avg.)
Since Inception
+7.88%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹704.05 Cr | 28.35% |
| Others | ₹1,779.42 Cr | 71.65% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| India (Republic of) | Bond - Short-term Government Bills | ₹96.54 Cr | 3.84% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹96.4 Cr | 3.83% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹96.01 Cr | 3.82% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹73.44 Cr | 2.92% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹72.5 Cr | 2.88% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹72.43 Cr | 2.88% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹72.38 Cr | 2.88% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹72.22 Cr | 2.87% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹72.21 Cr | 2.87% |
| Canara Bank | Bond - Gov't Agency Debt | ₹71.81 Cr | 2.86% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹55.37 Cr | 2.20% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹50 Cr | 1.99% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹48.7 Cr | 1.94% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.47 Cr | 1.93% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹48.22 Cr | 1.92% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹48.09 Cr | 1.91% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹48.05 Cr | 1.91% |
| India (Republic of) | Bond - Short-term Government Bills | ₹48.04 Cr | 1.91% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹47.95 Cr | 1.91% |
| Indian Bank | Bond - Gov't Agency Debt | ₹47.93 Cr | 1.91% |
| Icici Securities Limited | Cash - Commercial Paper | ₹47.9 Cr | 1.90% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹47.84 Cr | 1.90% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹47.82 Cr | 1.90% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹47.81 Cr | 1.90% |
| Sundaram Home Finance Limited | Cash - Commercial Paper | ₹47.14 Cr | 1.87% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.06 Cr | 1.87% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹46.82 Cr | 1.86% |
| Bajaj Finance Ltd. | Cash - Commercial Paper | ₹43.64 Cr | 1.74% |
| Net Receivables / (Payables) | Cash - Collateral | ₹30.84 Cr | 1.23% |
| 08.18 HR UDAY 2025 | Bond - Gov't Agency Debt | ₹30.27 Cr | 1.20% |
| 08.04 MH Sdl 2025 | Bond - Gov't/Treasury | ₹25.15 Cr | 1.00% |
| 08.06 KA Sdl 2025feb | Bond - Gov't/Treasury | ₹25.14 Cr | 1.00% |
| 05.77 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹24.89 Cr | 0.99% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹24.69 Cr | 0.98% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.49 Cr | 0.97% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.13 Cr | 0.96% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.13 Cr | 0.96% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹24.07 Cr | 0.96% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹24.06 Cr | 0.96% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.05 Cr | 0.96% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹24.04 Cr | 0.96% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.03 Cr | 0.96% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹24.01 Cr | 0.95% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹24 Cr | 0.95% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹24 Cr | 0.95% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹23.99 Cr | 0.95% |
| Canara Bank | Bond - Gov't Agency Debt | ₹23.98 Cr | 0.95% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.98 Cr | 0.95% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹23.95 Cr | 0.95% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹23.95 Cr | 0.95% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹23.94 Cr | 0.95% |
| Icici Securities Limited | Cash - Commercial Paper | ₹23.93 Cr | 0.95% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹23.93 Cr | 0.95% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹23.89 Cr | 0.95% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.58 Cr | 0.94% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹23.49 Cr | 0.93% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.48 Cr | 0.93% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.39 Cr | 0.93% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹23.39 Cr | 0.93% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹23.37 Cr | 0.93% |
| 08.08 Ts SDL 2025 | Bond - Gov't/Treasury | ₹15.09 Cr | 0.60% |
| India (Republic of) | Bond - Short-term Government Bills | ₹14.91 Cr | 0.59% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹14.34 Cr | 0.57% |
| 364 DTB 18042025 | Bond - Gov't/Treasury | ₹9.57 Cr | 0.38% |
| Corporate Debt Market Development Fund # | Mutual Fund - Open End | ₹5.43 Cr | 0.22% |
| 08.08 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 Cr | 0.20% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.97 Cr | 0.20% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹1,046.96 Cr | 41.64% |
| Cash - Commercial Paper | ₹643.09 Cr | 25.58% |
| Bond - Corporate Bond | ₹240.63 Cr | 9.57% |
| Bond - Short-term Government Bills | ₹188.5 Cr | 7.50% |
| Bond - Gov't Agency Debt | ₹174 Cr | 6.92% |
| Bond - Gov't/Treasury | ₹129.56 Cr | 5.15% |
| Cash - Repurchase Agreement | ₹55.37 Cr | 2.20% |
| Cash - Collateral | ₹30.84 Cr | 1.23% |
| Mutual Fund - Open End | ₹5.43 Cr | 0.22% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Nimesh Chandan
Since July 2023
Siddharth Chaudhary
Since July 2023
Additional Scheme Detailsas of 15th August 2024
ISIN | INF0QA701334 | Expense Ratio | 0.22% | Exit Load | No Charges | Fund Size | ₹2,483 Cr | Age | 24 Jul 2023 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Money Market Index PR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹497.24 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹175.41 Cr | 7.2% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹175.41 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹102.05 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹102.05 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹25.89 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹25.89 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27172.45 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1924.84 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹28157.84 Cr | 7.5% |
About the AMC
Total AUM
₹12,517 Cr
Address
8th floor, E-Core,Solitaire Business Hub (formerly Marvel Edge), Viman Nagar 411014
Other Funds by Bajaj Finserv Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Bajaj Finserv Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1233.47 Cr | - |
| Bajaj Finserv Banking and PSU Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹106.22 Cr | - |
| Bajaj Finserv Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹823.17 Cr | - |
| Bajaj Finserv Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹285.76 Cr | 6.8% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3865.78 Cr | 7.5% |
| Bajaj Finserv Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2483.47 Cr | 7.6% |
| Bajaj Finserv Flexi Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3325.08 Cr | 45.1% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Bajaj Finserv Money Market Fund Direct Growth?
The NAV of Bajaj Finserv Money Market Fund Direct Growth, as of 05-Sep-2024, is ₹1088.69.
What is the portfolio composition of Bajaj Finserv Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 28.35% in bonds, and 71.43% in cash and cash equivalents.
Who manages the Bajaj Finserv Money Market Fund Direct Growth?
The fund managers responsible for Bajaj Finserv Money Market Fund Direct Growth are:-
- Nimesh Chandan
- Siddharth Chaudhary
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.