Bandhan Money Manager Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (19-Sep-24)
₹41.070.04%1D
Returns (Since Inception)
7.20%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,029 Cr
Expense Ratio
0.10%
ISIN
INF194K01M80
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Bandhan Money Manager Fund Direct Growth is a Money Market mutual fund schemes offered by Bandhan Mutual Fund. This fund has been in existence for 11 years, 8 months and 19 days, having been launched on 01-Jan-13.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹41.07, Assets Under Management (AUM) of 6028.64 Crores, and an expense ratio of 0.1%.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹41.07, Assets Under Management (AUM) of 6028.64 Crores, and an expense ratio of 0.1%.
- Bandhan Money Manager Fund Direct Growth has given a CAGR return of 7.20% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 28.75% in debts, and 71.08% in cash & cash equivalents.
- You can start investing in Bandhan Money Manager 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
+7.68%
+6.56% (Cat Avg.)
3 Years
+6.27%
+5.64% (Cat Avg.)
5 Years
+5.83%
+5.28% (Cat Avg.)
10 Years
+6.84%
+5.72% (Cat Avg.)
Since Inception
+7.20%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹1,733.2 Cr | 28.75% |
| Others | ₹4,295.45 Cr | 71.25% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo Trp_020924 | Cash - Repurchase Agreement | ₹790.6 Cr | 10.52% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹290.48 Cr | 3.86% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹241.46 Cr | 3.21% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹241.15 Cr | 3.21% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹193.7 Cr | 2.58% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹192.97 Cr | 2.57% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹192.1 Cr | 2.56% |
| 05.88 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹173.1 Cr | 2.30% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹171.72 Cr | 2.28% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹171.23 Cr | 2.28% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹168.8 Cr | 2.25% |
| Export-Import Bank of India | Cash - Commercial Paper | ₹168.44 Cr | 2.24% |
| 05.80 MH Sdl 2025 | Bond - Gov't/Treasury | ₹164.26 Cr | 2.18% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹144.65 Cr | 1.92% |
| Icici Securities Limited | Cash - Commercial Paper | ₹144.16 Cr | 1.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹141.92 Cr | 1.89% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹122.65 Cr | 1.63% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹121.73 Cr | 1.62% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹121.55 Cr | 1.62% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹121.22 Cr | 1.61% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹121.08 Cr | 1.61% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹120.71 Cr | 1.61% |
| Canara Bank | Cash - CD/Time Deposit | ₹107 Cr | 1.42% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹98.11 Cr | 1.30% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹98 Cr | 1.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹97.98 Cr | 1.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹97.92 Cr | 1.30% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹97.41 Cr | 1.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹97.16 Cr | 1.29% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹97 Cr | 1.29% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹96.99 Cr | 1.29% |
| Kotak Mahindra Prime Ltd. | Cash - Commercial Paper | ₹96.75 Cr | 1.29% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹96.61 Cr | 1.28% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹96.32 Cr | 1.28% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹96.29 Cr | 1.28% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹96.1 Cr | 1.28% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹96.08 Cr | 1.28% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹94.25 Cr | 1.25% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹93.64 Cr | 1.25% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹90.46 Cr | 1.20% |
| Goi 19.03.2025 Gov | Bond - Gov't/Treasury | ₹87.48 Cr | 1.16% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹73.58 Cr | 0.98% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹72.84 Cr | 0.97% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹72.34 Cr | 0.96% |
| 08.24 Tn SDL 2025 | Bond - Gov't/Treasury | ₹70.72 Cr | 0.94% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹69.76 Cr | 0.93% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹68.12 Cr | 0.91% |
| Net Current Assets | Cash | ₹-60.99 Cr | 0.81% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹49.71 Cr | 0.66% |
| 08.09 AP Sdl 2025 | Bond - Gov't/Treasury | ₹49.08 Cr | 0.65% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹48.84 Cr | 0.65% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.68 Cr | 0.65% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹48.64 Cr | 0.65% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹48.55 Cr | 0.65% |
| Panatone Finvest Ltd | Bond - Corporate Bond | ₹48.55 Cr | 0.65% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹48.48 Cr | 0.64% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹48.46 Cr | 0.64% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹48.29 Cr | 0.64% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.22 Cr | 0.64% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.16 Cr | 0.64% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹48.08 Cr | 0.64% |
| Mahindra & Mahindra Financial Services Ltd. | Cash - Commercial Paper | ₹48.02 Cr | 0.64% |
| Goi 12.03.2025 Gov | Bond - Gov't/Treasury | ₹43.7 Cr | 0.58% |
| 08.72 Tn SDL 2024 | Bond - Gov't/Treasury | ₹25.07 Cr | 0.33% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.53 Cr | 0.33% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.31 Cr | 0.32% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹24.26 Cr | 0.32% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.22 Cr | 0.32% |
| Bajaj Finance Ltd. | Cash - Commercial Paper | ₹24.02 Cr | 0.32% |
| Export-Import Bank of India | Cash - CD/Time Deposit | ₹24 Cr | 0.32% |
| 08.06 Tn Sdl2025ap2 | Bond - Gov't/Treasury | ₹20.15 Cr | 0.27% |
| 05.75 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹19.83 Cr | 0.26% |
| 08.24 MH Sdl 2024 | Bond - Gov't/Treasury | ₹15.06 Cr | 0.20% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹13.05 Cr | 0.17% |
| 08.17 Wb SDL 2025 | Bond - Gov't/Treasury | ₹10.09 Cr | 0.13% |
| 08.43 MH Sdl 2024 | Bond - Gov't/Treasury | ₹10.03 Cr | 0.13% |
| 06.69 MP Sdl 2025 | Bond - Gov't/Treasury | ₹9.99 Cr | 0.13% |
| 0% GOI - 12122024 STRIPS | Bond - Gov't/Treasury | ₹5.28 Cr | 0.07% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹3.37 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹3,416.54 Cr | 45.44% |
| Cash - Commercial Paper | ₹1,159.16 Cr | 15.42% |
| Bond - Corporate Bond | ₹1,038.46 Cr | 13.81% |
| Bond - Gov't/Treasury | ₹844.03 Cr | 11.23% |
| Cash - Repurchase Agreement | ₹793.97 Cr | 10.56% |
| Bond - Gov't Agency Debt | ₹314.08 Cr | 4.18% |
| Cash | ₹-60.99 Cr | 0.81% |
| Mutual Fund - Open End | ₹13.05 Cr | 0.17% |
Risk & Performance Ratios
Standard Deviation
This fund
0.57%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
0.80
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
GK
Gautam Kaul
Since December 2021
BS
Brijesh Shah
Since July 2021
Additional Scheme Detailsas of 31st August 2024
ISIN | INF194K01M80 | Expense Ratio | 0.10% | Exit Load | No Charges | Fund Size | ₹6,029 Cr | Age | 01 Jan 2013 | 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:
- 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% | ₹757.61 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹179.08 Cr | 7.3% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹179.08 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹68.50 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹68.50 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹29.45 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹29.45 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27628.33 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2060.40 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27665.38 Cr | 7.5% |
About the AMC
Total AUM
₹1,54,037 Cr
Address
6th Floor, 841, One World Center, Mumbai, 400013
Other Funds by Bandhan Mutual Fund
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 Bandhan Money Manager Fund Direct Growth?
The NAV of Bandhan Money Manager Fund Direct Growth, as of 19-Sep-2024, is ₹41.07.
What are the returns of Bandhan Money Manager Fund Direct Growth?
The fund has generated 7.68% over the last 1 year and 6.27% 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 Bandhan Money Manager Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 28.75% in bonds, and 71.08% in cash and cash equivalents.
Who manages the Bandhan Money Manager Fund Direct Growth?
The fund managers responsible for Bandhan Money Manager Fund Direct Growth are:-
- Gautam Kaul
- Brijesh Shah
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.