PGIM India Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (18-Jun-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹183 Cr
Expense Ratio
0.20%
ISIN
INF663L01T84
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
06 Mar 2020
About this fund
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹1366.99, Assets Under Management (AUM) of 182.98 Crores, and an expense ratio of 0.2%.
- PGIM India Money Market Fund Direct Growth has given a CAGR return of 6.09% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 16.70% in debts, and 82.84% 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
+8.08%
+7.46% (Cat Avg.)
3 Years
+7.43%
+7.05% (Cat Avg.)
5 Years
+6.02%
+5.86% (Cat Avg.)
Since Inception
+6.09%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹30.56 Cr | 16.70% |
| Others | ₹152.41 Cr | 83.30% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Union Bank Of India | Cash - CD/Time Deposit | ₹14.38 Cr | 7.86% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹14.37 Cr | 7.85% |
| 364 DTB 19mar2026 | Bond - Gov't/Treasury | ₹14.36 Cr | 7.85% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹14.34 Cr | 7.84% |
| Canara Bank | Cash - CD/Time Deposit | ₹14.34 Cr | 7.83% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹14.33 Cr | 7.83% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹14.32 Cr | 7.83% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹11.62 Cr | 6.35% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹11.41 Cr | 6.23% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹10.62 Cr | 5.81% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹10.47 Cr | 5.72% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹9.67 Cr | 5.28% |
| Icici Securities Limited | Cash - Commercial Paper | ₹9.5 Cr | 5.19% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹7.13 Cr | 3.89% |
| Punjab National Bank (18/03/2026) | Cash - CD/Time Deposit | ₹6.19 Cr | 3.38% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹4.8 Cr | 2.62% |
| SBI CDMDF--A2 | Mutual Fund - Open End | ₹0.83 Cr | 0.45% |
| Net Receivables / (Payables) | Cash | ₹0.31 Cr | 0.17% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹99.22 Cr | 54.23% |
| Cash - Commercial Paper | ₹44.92 Cr | 24.55% |
| Bond - Gov't/Treasury | ₹19.16 Cr | 10.47% |
| Bond - Gov't Agency Debt | ₹11.41 Cr | 6.23% |
| Cash - Repurchase Agreement | ₹7.13 Cr | 3.89% |
| Mutual Fund - Open End | ₹0.83 Cr | 0.45% |
| Cash | ₹0.31 Cr | 0.17% |
Risk & Performance Ratios
Standard Deviation
This fund
0.39%
Cat. avg.
0.55%
Lower the better
Sharpe Ratio
This fund
1.86
Cat. avg.
0.92
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.84
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st May 2025
ISIN | INF663L01T84 | Expense Ratio | 0.20% | Exit Load | No Charges | Fund Size | ₹183 Cr | Age | 5 years 3 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL 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  |
|---|---|---|---|---|
| Bank of India Money Market Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹108.75 Cr | - |
| Bank of India Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹108.75 Cr | - |
| Zerodha Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹4593.77 Cr | 6.1% |
| Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹2658.65 Cr | 8.4% |
| Mirae Asset Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹2658.65 Cr | 8.1% |
| HSBC Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3247.48 Cr | 8.2% |
| ICICI Prudential Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹30001.49 Cr | 8.3% |
| Bandhan Money Manager Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10885.31 Cr | 8.3% |
| Nippon India Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹17771.77 Cr | 8.3% |
| Invesco India Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5898.58 Cr | 8.1% |
About the AMC
Total AUM
₹23,745 Cr
Address
Nirlon House, 2nd Floor, Mumbai, 400 030
Other Funds by PGIM India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of PGIM India Money Market Fund Direct Growth?
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Who manages the PGIM India Money Market Fund Direct Growth?
- Bhupesh Kalyani
- Puneet Pal
- Ojasvi Khicha
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