PGIM India Money Market Fund Direct Growth

Fund Overview

Fund Size

₹232 Cr

Expense Ratio

0.19%

ISIN

INF663L01T84

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

06 Mar 2020

About this fund

PGIM India Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 4 years, 2 months and 14 days, having been launched on 06-Mar-20.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹1256.98, Assets Under Management (AUM) of 231.68 Crores, and an expense ratio of 0.19%.

PGIM India Money Market Fund Direct Growth has given a CAGR return of 5.60% since inception.
The fund's asset allocation comprises around 0.00% in equities, 41.84% in debts, and 57.84% in cash & cash equivalents.
You can start investing in PGIM India Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

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

+7.36%

+5.95% (Cat Avg.)

3 Years

+5.92%

+5.23% (Cat Avg.)

Since Inception

+5.60%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹96.92 Cr	41.84%
Others	₹134.75 Cr	58.16%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
India (Republic of)	Bond - Short-term Government Bills	₹23.59 Cr	10.18%
HDFC Bank Ltd.	Bond - Corporate Bond	₹23.55 Cr	10.17%
Punjab National Bank	Cash - CD/Time Deposit	₹22.68 Cr	9.79%
Export-Import Bank of India	Cash - Commercial Paper	₹21.6 Cr	9.32%
Canara Bank	Bond - Gov't Agency Debt	₹18.75 Cr	8.09%
Icici Securities Limited	Cash - Commercial Paper	₹18.73 Cr	8.08%
Aditya Birla Finance Limited	Cash - Commercial Paper	₹18.72 Cr	8.08%
LIC Housing Finance Ltd.	Cash - Commercial Paper	₹18.72 Cr	8.08%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹18.31 Cr	7.90%
Indian Bank	Bond - Gov't Agency Debt	₹16.89 Cr	7.29%
Clearing Corporation Of India Ltd.	Cash - Repurchase Agreement	₹16.78 Cr	7.24%
Net Receivables / (Payables)	Cash	₹-8.27 Cr	3.57%
India (Republic of)	Bond - Short-term Government Bills	₹4.75 Cr	2.05%
Axis Finance Ltd.	Cash - Commercial Paper	₹4.73 Cr	2.04%
ICICI Bank Ltd.	Bond - Corporate Bond	₹4.71 Cr	2.03%
Axis Bank Ltd.	Bond - Corporate Bond	₹4.68 Cr	2.02%
HDFC Securities Limited	Cash - Commercial Paper	₹2 Cr	0.86%
SBI CDMDF--A2	Mutual Fund - Open End	₹0.76 Cr	0.33%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Commercial Paper	₹84.5 Cr	36.47%
Cash - CD/Time Deposit	₹40.99 Cr	17.69%
Bond - Gov't Agency Debt	₹35.64 Cr	15.38%
Bond - Corporate Bond	₹32.94 Cr	14.22%
Bond - Short-term Government Bills	₹28.34 Cr	12.23%
Cash - Repurchase Agreement	₹16.78 Cr	7.24%
Cash	₹-8.27 Cr	3.57%
Mutual Fund - Open End	₹0.76 Cr	0.33%

Risk & Performance Ratios

Standard Deviation

This fund

0.52%

Cat. avg.

0.70%

Lower the better

Sharpe Ratio

This fund

1.24

Cat. avg.

-0.30

Higher the better

Sortino Ratio

This fund

Cat. avg.

-0.08

Higher the better

Fund Managers

Bhupesh Kalyani

Since September 2022

Puneet Pal

Since July 2022

Ojasvi Khicha

Since April 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF663L01T84		Expense Ratio	0.19%		Exit Load	No Charges		Fund Size	₹232 Cr		Age	06 Mar 2020		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	CRISIL Money Market A-I 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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	0.9%	0.0%	₹485.28 Cr	6.6%
Union Money Market Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹168.68 Cr	7.1%
Union Money Market Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹168.68 Cr	6.3%
TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹96.02 Cr	7.2%
TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹96.02 Cr	7.0%
LIC MF Money Market Fund Direct Growth Low Risk	0.6%	0.0%	₹20.44 Cr	6.9%
LIC MF Money Market Fund Regular Growth Low Risk	1.0%	0.0%	₹20.44 Cr	6.5%
Tata Money Market Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹17287.51 Cr	7.5%
Franklin India Money Market Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹1511.50 Cr	7.4%
HDFC Money Market Fund Regular Growth Moderate Risk	0.3%	0.0%	₹21260.52 Cr	7.4%

About the AMC

PGIM India Mutual Fund

+91 22 61593000

https://www.pgimindiamf.com/

Total AUM

₹27,272 Cr

Address

Nirlon House, 2nd Floor, Mumbai, 400 030

Other Funds by PGIM India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
PGIM India Fixed Duration Fund - Series BH Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BJ Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BI Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BF Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BG Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹161.25 Cr	6.8%
PGIM India Dynamic Bond Direct Growth Low to Moderate Risk	0.3%	0.0%	₹112.86 Cr	7.5%
PGIM India Global Select Real Estate Securities Fund of Fund Direct Growth Very High Risk	1.3%	0.0%	₹63.10 Cr	11.5%
PGIM India Balanced Advantage Fund Direct Growth Very High Risk	0.4%	0.0%	₹1145.95 Cr	17.1%
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund Direct Growth Moderate Risk	0.4%	0.0%	₹30.64 Cr	6.3%
PGIM India Flexi Cap Fund Direct Growth Very High Risk	0.4%	0.0%	₹6094.89 Cr	25.0%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹120.07 Cr	7.4%
PGIM India Global Equity Opportunities Fund Direct Growth Very High Risk	1.4%	0.0%	₹1349.85 Cr	35.5%
PGIM India Emerging Markets Equity Fund Direct Growth Very High Risk	1.3%	0.0%	₹105.60 Cr	33.9%
PGIM India Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹438.13 Cr	7.4%
PGIM India Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹93.31 Cr	7.2%
PGIM India Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹99.51 Cr	6.8%
PGIM India Hybrid Equity Fund Direct Growth Very High Risk	0.7%	0.0%	₹210.39 Cr	20.7%
PGIM India Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹572.73 Cr	24.4%
PGIM India Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹27.94 Cr	6.7%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹240.88 Cr	7.4%
PGIM India Equity Savings Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹91.25 Cr	9.7%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹117.94 Cr	7.8%
PGIM India Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹231.68 Cr	7.4%
PGIM India ELSS Tax Saver Fund Direct Growth Very High Risk	0.8%	0.0%	₹682.76 Cr	23.6%
PGIM India Midcap Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹10154.97 Cr	31.6%
PGIM India Credit Risk Fund Segregated Plan 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Small Cap Fund Direct Growth Very High Risk	0.5%	0.0%	₹1458.20 Cr	36.4%

Risk Level

Your principal amount will be at Low to Moderate Risk

Still got questions?
We're here to help.

What is the current NAV of PGIM India Money Market Fund Direct Growth?

The NAV of PGIM India Money Market Fund Direct Growth, as of 17-May-2024, is ₹1256.98.

What are the returns of PGIM India Money Market Fund Direct Growth?

The fund has generated 7.36% over the last 1 year and 5.92% 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 PGIM India Money Market Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 41.84% in bonds, and 57.84% in cash and cash equivalents.

Who manages the PGIM India Money Market Fund Direct Growth?

The fund managers responsible for PGIM India Money Market Fund Direct Growth are:-

Bhupesh Kalyani
Puneet Pal
Ojasvi Khicha

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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PGIM India Money Market Fund Direct Growth

Fund Overview