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HDFC Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹5557.980.03%1D
Returns (Since Inception)
7.32%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹27,675 Cr
Expense Ratio
0.23%
ISIN
INF179KB1HU9
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
HDFC Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹5557.98, Assets Under Management (AUM) of 27674.69 Crores, and an expense ratio of 0.23%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹5557.98, Assets Under Management (AUM) of 27674.69 Crores, and an expense ratio of 0.23%.
- HDFC Money Market Fund Direct Growth has given a CAGR return of 7.32% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 6.09% in debts, and 93.69% in cash & cash equivalents.
- You can start investing in HDFC Money Market Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
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
+7.81%
— (Cat Avg.)
3 Years
+6.62%
— (Cat Avg.)
5 Years
+6.13%
— (Cat Avg.)
10 Years
+6.97%
— (Cat Avg.)
Since Inception
+7.32%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹1,685.4 Cr | 6.09% |
| Others | ₹25,989.29 Cr | 93.91% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Small Industries Development Bank^ | Cash | ₹1,794.02 Cr | 6.41% |
| Punjab National Bank^ | Cash | ₹1,459.79 Cr | 5.22% |
| The Federal Bank Ltd.^ | Cash | ₹1,407.25 Cr | 5.03% |
| National Bank For Agri & Rural Dev.^ | Cash | ₹1,195.17 Cr | 4.27% |
| Union Bank Of India^ | Cash | ₹1,155.86 Cr | 4.13% |
| Axis Bank Ltd.^ | Cash | ₹1,137.41 Cr | 4.06% |
| Canara Bank^ | Cash | ₹951.01 Cr | 3.40% |
| Indusind Bank Ltd.^ | Cash | ₹922.34 Cr | 3.30% |
| Bank Of Baroda^ | Cash | ₹900.66 Cr | 3.22% |
| Lic Housing Finance Ltd.^ | Cash | ₹680.95 Cr | 2.43% |
| Bank Of Baroda | Cash | ₹641.8 Cr | 2.29% |
| Punjab National Bank | Cash | ₹612.64 Cr | 2.19% |
| Net Current Assets | Cash | ₹-590.39 Cr | 2.11% |
| Ongc Petro Additions Ltd. (Opal) (Put On Ongc Ltd.)^ | Cash | ₹584.98 Cr | 2.09% |
| Kotak Mahindra Bank Limited^ | Cash | ₹559.88 Cr | 2.00% |
| Icici Securities Ltd^ | Cash | ₹546.78 Cr | 1.95% |
| Standard Chartered Capital Limited^ | Cash | ₹539.96 Cr | 1.93% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹537.25 Cr | 1.92% |
| Panatone Finvest Ltd.^ | Cash | ₹516.62 Cr | 1.85% |
| Idfc First Bank Limited^ | Cash | ₹511.64 Cr | 1.83% |
| Embassy Office Parks Reit^ | Cash | ₹442.39 Cr | 1.58% |
| Bank Of India^ | Cash | ₹390.89 Cr | 1.40% |
| Hero Fincorp Ltd.^ | Cash | ₹389.33 Cr | 1.39% |
| Canara Bank | Cash | ₹389.33 Cr | 1.39% |
| Tata Teleservices Ltd.^ | Cash | ₹342.28 Cr | 1.22% |
| Birla Group Holdings Pvt. Ltd.^ | Cash | ₹341.06 Cr | 1.22% |
| Punjab & Sind Bank^ | Cash | ₹340.61 Cr | 1.22% |
| 91 DTB 28112024 | Bond - Gov't/Treasury | ₹298.58 Cr | 1.07% |
| Julius Baer Capital (India) Pvt. Ltd.^ | Cash | ₹296.77 Cr | 1.06% |
| Au Small Finance Bank Ltd.^ | Cash | ₹293.04 Cr | 1.05% |
| Sundaram Home Finance Limited^ | Cash | ₹286.27 Cr | 1.02% |
| Cholamandalam Investment & Finance Co. Ltd.^ | Cash | ₹269.62 Cr | 0.96% |
| Reverse Repo | Cash - Repurchase Agreement | ₹249.99 Cr | 0.89% |
| Indian Bank^ | Cash | ₹243.57 Cr | 0.87% |
| Motilal Oswal Financial Services Ltd.^ | Cash | ₹242.77 Cr | 0.87% |
| 08.10 Up SDL 2025 | Bond - Gov't/Treasury | ₹240.77 Cr | 0.86% |
| Tata Capital Housing Finance Ltd.^ | Cash | ₹240.67 Cr | 0.86% |
| Icici Bank Ltd.^ | Cash | ₹238.51 Cr | 0.85% |
| Sharekhan Limited^ | Cash | ₹234.8 Cr | 0.84% |
| Bharti Telecom Limited^ | Cash | ₹233.06 Cr | 0.83% |
| Export - Import Bank Of India | Cash | ₹221.34 Cr | 0.79% |
| Axis Bank Ltd. | Cash | ₹221.09 Cr | 0.79% |
| Hinduja Leyland Finance Ltd.^ | Cash | ₹219.8 Cr | 0.79% |
| 08.09 AP Sdl 2025 | Bond - Gov't/Treasury | ₹215.68 Cr | 0.77% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹212.61 Cr | 0.76% |
| Muthoot Fincorp Ltd^ | Cash | ₹207.5 Cr | 0.74% |
| 182 DTB 14112024 | Bond - Gov't/Treasury | ₹204.53 Cr | 0.73% |
| 07.38% MP Sdl 2025 | Bond - Gov't/Treasury | ₹200.53 Cr | 0.72% |
| 182 DTB 26122024 | Bond - Gov't/Treasury | ₹198.07 Cr | 0.71% |
| 91 DTB 03012025 | Bond - Gov't/Treasury | ₹197.78 Cr | 0.71% |
| 91 DTB 09012025 | Bond - Gov't/Treasury | ₹197.57 Cr | 0.71% |
| L&T Finance Ltd.^ | Cash | ₹195.3 Cr | 0.70% |
| Aditya Birla Finance Ltd.^ | Cash | ₹195.25 Cr | 0.70% |
| Kotak Securities Ltd.^ | Cash | ₹194.78 Cr | 0.70% |
| Infina Finance Pvt. Ltd.^ | Cash | ₹172.18 Cr | 0.62% |
| 08.06 AP Sdl 2025 | Bond - Gov't/Treasury | ₹150.56 Cr | 0.54% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹146.89 Cr | 0.52% |
| National Bank For Agri & Rural Dev. | Cash | ₹146.16 Cr | 0.52% |
| 05.80 MH Sdl 2025 | Bond - Gov't/Treasury | ₹129.66 Cr | 0.46% |
| Dbs Bank Ltd - Debt^ | Cash | ₹121.9 Cr | 0.44% |
| 182 DTB 18112024 | Bond - Gov't/Treasury | ₹114.57 Cr | 0.41% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹114.57 Cr | 0.41% |
| Toyota Financial Services India Ltd.^ | Cash | ₹99.9 Cr | 0.36% |
| 182 DTB 07112024 | Bond - Gov't/Treasury | ₹99.89 Cr | 0.36% |
| 182 DTB 05122024 | Bond - Gov't/Treasury | ₹99.4 Cr | 0.36% |
| Aarti Industries Ltd.^ | Cash | ₹99.24 Cr | 0.35% |
| Axis Securities Limited^ | Cash | ₹98.2 Cr | 0.35% |
| Barclays Invest & Loans (India) Ltd.^ | Cash | ₹98.14 Cr | 0.35% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹98.04 Cr | 0.35% |
| Bahadur Chand Investments Pvt. Ltd.^ | Cash | ₹97.83 Cr | 0.35% |
| 364 DTB 06032025 | Bond - Gov't/Treasury | ₹97.8 Cr | 0.35% |
| Indian Bank | Cash | ₹97.48 Cr | 0.35% |
| Muthoot Finance Ltd.^ | Cash | ₹95.29 Cr | 0.34% |
| 08.14 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹80.22 Cr | 0.29% |
| Motilal Oswal Finvest Limited^ | Cash | ₹73.38 Cr | 0.26% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹61.2 Cr | 0.22% |
| 07.26 KA Sgs 2025 | Bond - Gov't/Treasury | ₹60.06 Cr | 0.21% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹49.57 Cr | 0.18% |
| 364 DTB | Bond - Gov't/Treasury | ₹49.33 Cr | 0.18% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹49.07 Cr | 0.18% |
| Hsbc Investdirect Financial Services (India) Ltd.^ | Cash | ₹48.97 Cr | 0.17% |
| Bajaj Housing Finance Ltd.^ | Cash | ₹48.85 Cr | 0.17% |
| Arka Fincap Limited^ | Cash | ₹48.71 Cr | 0.17% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹39.76 Cr | 0.14% |
| 08.05 KA Sdl 2025 | Bond - Gov't/Treasury | ₹35.13 Cr | 0.13% |
| 06.69 MP Sdl 2025 | Bond - Gov't/Treasury | ₹30.01 Cr | 0.11% |
| 08.22 Tn SDL 2025 | Bond - Gov't/Treasury | ₹25.2 Cr | 0.09% |
| 08.05 HR Sdl 2025 | Bond - Gov't/Treasury | ₹25.09 Cr | 0.09% |
| 364 DTB 0205202407112024 | Bond - Gov't/Treasury | ₹24.97 Cr | 0.09% |
| Tata Projects Ltd. | Cash | ₹24.86 Cr | 0.09% |
| Mankind Pharma Limited^ | Cash | ₹23.24 Cr | 0.08% |
| 08.05 GJ Sdl 2025feb | Bond - Gov't/Treasury | ₹10.04 Cr | 0.04% |
| 08.07 Tn SDL 2025 | Bond - Gov't/Treasury | ₹10.03 Cr | 0.04% |
| 08.24 MH Sdl 2024 | Bond - Gov't/Treasury | ₹10.02 Cr | 0.04% |
| 6.89% Govt Stock 2025 | Bond - Gov't/Treasury | ₹10 Cr | 0.04% |
| 08.07 Tn SDL 2025feb | Bond - Gov't/Treasury | ₹5.02 Cr | 0.02% |
| 08.08 HR Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.02% |
| 08.13 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.02% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹4.98 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹23,592.73 Cr | 88.52% |
| Bond - Gov't/Treasury | ₹3,870.69 Cr | 13.83% |
| Cash - Repurchase Agreement | ₹462.6 Cr | 1.65% |
| Mutual Fund - Open End | ₹61.2 Cr | 0.22% |
| Cash - Commercial Paper | ₹0 Cr | - |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Bond - Corporate Bond | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.51%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.41
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
PJ
Praveen Jain
Since August 2024
DM
Dhruv Muchhal
Since June 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF179KB1HU9 | Expense Ratio 0.23% | Exit Load No Charges | Fund Size ₹27,675 Cr | Age 11 years 10 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market TR 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:
Dividend Taxation:
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% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
HDFC Mutual Fund
Total AUM
₹7,39,434 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of HDFC Money Market Fund Direct Growth?
The NAV of HDFC Money Market Fund Direct Growth, as of 21-Nov-2024, is ₹5557.98.
What are the returns of HDFC Money Market Fund Direct Growth?
The fund has generated 7.81% over the last 1 year and 6.62% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HDFC Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 6.09% in bonds, and 93.69% in cash and cash equivalents.
Who manages the HDFC Money Market Fund Direct Growth?
The fund managers responsible for HDFC Money Market Fund Direct Growth are:-
- Praveen Jain
- Dhruv Muchhal
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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.