Aditya Birla SL Money Manager Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 303.2675   0.0342(0.011 %) NAV as on 12 Aug 2022
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 13,395.23
Fund category:
Money Market
Fund manager(s):
Kaustubh Gupta, Mohit Sharma, Anuj Jain
Benchmark:
Nifty Money Market Index
Minimum investment:
₹ 1000
Launch date:
31 Dec 2012
Min. additional investment:
₹ 1000
Expense ratio:
0.21 %
Exit load:
N/A

Scheme Objective: The primary objective of the scheme is to generate regular income through investment in a portfoliocomprising of money market instruments.


Performance (As on 12 Aug 2022)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.12 % 1.37 %2.10 % 4.05 % 5.27 %6.41 % N/A

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
Small Industries Development Bank of India (15/02/2023) ** #
Certificate of Deposit
4.69%
CRISIL A1+
Government of India (21/09/2022)
Government Securities
3.37%
Sovereign
Larsen & Toubro Limited (29/12/2022) **
Commercial Paper
3.1%
ICRA A1+
Bharti Enterprises Limited (28/02/2023) **
Commercial Paper
2.61%
ICRA A1+
Tata Teleservices Limited (21/11/2022) **
Commercial Paper
2.56%
CRISIL A1+
Axis Bank Limited (07/03/2023) ** #
Certificate of Deposit
2.52%
ICRA A1+
Axis Bank Limited (08/12/2022) ** #
Certificate of Deposit
2.38%
ICRA A1+
Export Import Bank of India (17/03/2023) #
Certificate of Deposit
2.34%
ICRA A1+
HDFC Bank Limited (15/05/2023) ** #
Certificate of Deposit
2.31%
CARE A1+
National Bank For Agriculture and Rural Development (08/02/2023) ** #
Certificate of Deposit
2.17%
CRISIL A1+

About this category

Money market debt funds invest in money market instruments such as commercial paper, certificate of deposits and treasury bills. While their average maturity can vary, it tends to hold around or below 1 year. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.

Suitability

These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.

Taxation

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individual’s slab rate 


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

How are mutual funds taxed?

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