Tata Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (06-Sep-24)
₹4511.440.02%1D
Returns (Since Inception)
6.67%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹27,172 Cr
Expense Ratio
0.15%
ISIN
INF277K01PR6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Tata Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Tata Mutual Fund. This fund has been in existence for 11 years, 8 months and 7 days, having been launched on 01-Jan-13.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹4511.44, Assets Under Management (AUM) of 27172.45 Crores, and an expense ratio of 0.15%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹4511.44, Assets Under Management (AUM) of 27172.45 Crores, and an expense ratio of 0.15%.
- Tata Money Market Fund Direct Growth has given a CAGR return of 6.67% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 23.35% in debts, and 76.44% in cash & cash equivalents.
- You can start investing in Tata 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
+7.86%
+6.55% (Cat Avg.)
3 Years
+6.45%
+5.61% (Cat Avg.)
5 Years
+6.18%
+5.29% (Cat Avg.)
10 Years
+6.25%
+5.73% (Cat Avg.)
Since Inception
+6.67%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹6,346.06 Cr | 23.35% |
| Others | ₹20,826.39 Cr | 76.65% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹1,058.83 Cr | 3.90% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹1,049.81 Cr | 3.86% |
| Canara Bank | Cash - CD/Time Deposit | ₹634.71 Cr | 2.34% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹628.25 Cr | 2.31% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹574.23 Cr | 2.11% |
| Canara Bank | Cash - CD/Time Deposit | ₹555.48 Cr | 2.04% |
| 182 DTB 30012025 | Bond - Gov't/Treasury | ₹548.22 Cr | 2.02% |
| India (Republic of) | Bond - Short-term Government Bills | ₹548.22 Cr | 2.02% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹529.54 Cr | 1.95% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹482.69 Cr | 1.78% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹482.53 Cr | 1.78% |
| Indian Bank | Cash - CD/Time Deposit | ₹481.91 Cr | 1.77% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹480.64 Cr | 1.77% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹478.88 Cr | 1.76% |
| Icici Securities Limited | Cash - Commercial Paper | ₹473.64 Cr | 1.74% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹471.57 Cr | 1.74% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹469.86 Cr | 1.73% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹460.71 Cr | 1.70% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹420.46 Cr | 1.55% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹411.96 Cr | 1.52% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹408.12 Cr | 1.50% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹386.73 Cr | 1.42% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹385.64 Cr | 1.42% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹384.59 Cr | 1.42% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹375.68 Cr | 1.38% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹367.09 Cr | 1.35% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹364.08 Cr | 1.34% |
| Export Import Bank Of India | Cash - Commercial Paper | ₹363.04 Cr | 1.34% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹360.15 Cr | 1.33% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹359.81 Cr | 1.32% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹354.95 Cr | 1.31% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹339.26 Cr | 1.25% |
| 182 DTB 19122024 | Bond - Gov't/Treasury | ₹317.75 Cr | 1.17% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹315.4 Cr | 1.16% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹294.05 Cr | 1.08% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹292.13 Cr | 1.08% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹287.29 Cr | 1.06% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹287.18 Cr | 1.06% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹283.14 Cr | 1.04% |
| 182 DTB 22112024 | Bond - Gov't/Treasury | ₹270.23 Cr | 0.99% |
| India (Republic of) | Bond - Short-term Government Bills | ₹248.48 Cr | 0.91% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹244.53 Cr | 0.90% |
| Icici Securities Limited | Cash - Commercial Paper | ₹241.35 Cr | 0.89% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹240.65 Cr | 0.89% |
| IIFL Home Finance Limited | Cash - Commercial Paper | ₹240.45 Cr | 0.88% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹240.3 Cr | 0.88% |
| Canara Bank | Cash - CD/Time Deposit | ₹239.71 Cr | 0.88% |
| India (Republic of) | Bond - Short-term Government Bills | ₹237.1 Cr | 0.87% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹219.76 Cr | 0.81% |
| Canara Bank | Cash - CD/Time Deposit | ₹217.88 Cr | 0.80% |
| Equitas Small Finance Bank Limited | Cash - CD/Time Deposit | ₹217.46 Cr | 0.80% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹216.03 Cr | 0.80% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹215.97 Cr | 0.79% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹215.81 Cr | 0.79% |
| Indian Bank | Bond - Gov't Agency Debt | ₹215.7 Cr | 0.79% |
| Axis Finance Ltd. | Cash - Commercial Paper | ₹193.49 Cr | 0.71% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹193.48 Cr | 0.71% |
| Kisetsu Saison Financial India Private Limited | Cash - Commercial Paper | ₹193.38 Cr | 0.71% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹193.08 Cr | 0.71% |
| Tata Teleservices Ltd | Bond - Corporate Bond | ₹192.35 Cr | 0.71% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹192.24 Cr | 0.71% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹191.99 Cr | 0.71% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹191.83 Cr | 0.71% |
| Axis Securities Limited | Cash - Commercial Paper | ₹191.82 Cr | 0.71% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹164.93 Cr | 0.61% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹149.08 Cr | 0.55% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹147.42 Cr | 0.54% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹146.64 Cr | 0.54% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹144.69 Cr | 0.53% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹143.83 Cr | 0.53% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹143.73 Cr | 0.53% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹140.84 Cr | 0.52% |
| Tata Teleservices Ltd | Cash - Commercial Paper | ₹137.15 Cr | 0.50% |
| Net Current Liabilities | Cash - Collateral | ₹-130 Cr | 0.48% |
| Nuvama Wealth and Investment Ltd. | Cash - Commercial Paper | ₹122.71 Cr | 0.45% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹121.77 Cr | 0.45% |
| 08.14 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹120.57 Cr | 0.44% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹120.34 Cr | 0.44% |
| 07.52 GJ Sgs 2025 | Bond - Gov't/Treasury | ₹100.37 Cr | 0.37% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹98.16 Cr | 0.36% |
| Tata Teleservices Ltd | Cash - Commercial Paper | ₹97.97 Cr | 0.36% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹97.36 Cr | 0.36% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹97.28 Cr | 0.36% |
| 08.18 CG Sdl 2025 | Bond - Gov't/Treasury | ₹97.22 Cr | 0.36% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹97.1 Cr | 0.36% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹97.05 Cr | 0.36% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹96.66 Cr | 0.36% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹96.61 Cr | 0.36% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹96.29 Cr | 0.35% |
| Bank Of India | Cash - CD/Time Deposit | ₹96.18 Cr | 0.35% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹95.91 Cr | 0.35% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹95.74 Cr | 0.35% |
| Sundaram Home Finance Limited | Cash - Commercial Paper | ₹93.88 Cr | 0.35% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹73.34 Cr | 0.27% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹72.4 Cr | 0.27% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹65.36 Cr | 0.24% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹64.88 Cr | 0.24% |
| SBIMF AIF - CAT II (CDMDF)27/10/2038 | Mutual Fund - Open End | ₹56.14 Cr | 0.21% |
| 08.13 MH Sdl 2025 | Bond - Gov't/Treasury | ₹50.23 Cr | 0.18% |
| Tata Projects Limited | Cash - Commercial Paper | ₹49.68 Cr | 0.18% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹48.97 Cr | 0.18% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹48.4 Cr | 0.18% |
| Bank of Baroda | Bond - Corporate Bond | ₹48.1 Cr | 0.18% |
| Tmf Holdings Limited | Cash - Commercial Paper | ₹47.87 Cr | 0.18% |
| 08.06 Tn SDL 2025 | Bond - Gov't/Treasury | ₹35.22 Cr | 0.13% |
| D) Repo | Cash - Repurchase Agreement | ₹28.32 Cr | 0.10% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹25 Cr | 0.09% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.15 Cr | 0.09% |
| 08.08 KA Sdl 2025 | Bond - Gov't/Treasury | ₹22.36 Cr | 0.08% |
| 08.07 Gj Sdl 2025mar | Bond - Gov't/Treasury | ₹16.87 Cr | 0.06% |
| 08.08 HR Sdl 2025 | Bond - Gov't/Treasury | ₹10.55 Cr | 0.04% |
| 09.01 MH Sdl 2024 | Bond - Gov't/Treasury | ₹10.01 Cr | 0.04% |
| 05.77 GJ Sdl 2025 02 Feb | Bond - Gov't/Treasury | ₹9.95 Cr | 0.04% |
| (C) Treps | Cash - Repurchase Agreement | ₹9 Cr | 0.03% |
| 182 DTB 14112024 | Bond - Gov't/Treasury | ₹4.92 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹12,444.13 Cr | 45.80% |
| Cash - Commercial Paper | ₹8,155.37 Cr | 30.01% |
| Bond - Gov't/Treasury | ₹2,586.55 Cr | 9.52% |
| Bond - Corporate Bond | ₹2,048.51 Cr | 7.54% |
| Bond - Short-term Government Bills | ₹1,033.8 Cr | 3.80% |
| Bond - Gov't Agency Debt | ₹940.61 Cr | 3.46% |
| Cash - Collateral | ₹-130 Cr | 0.48% |
| Mutual Fund - Open End | ₹56.14 Cr | 0.21% |
| Cash - Repurchase Agreement | ₹37.32 Cr | 0.14% |
Risk & Performance Ratios
Standard Deviation
This fund
0.57%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.50
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Amit Somani
Since October 2013
Additional Scheme Detailsas of 15th August 2024
ISIN | INF277K01PR6 | Expense Ratio | 0.15% | Exit Load | No Charges | Fund Size | ₹27,172 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Money Market B-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
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% | ₹497.24 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹175.41 Cr | 7.2% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹175.41 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹102.05 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹102.05 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹25.89 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹25.89 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27172.45 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1924.84 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹28157.84 Cr | 7.5% |
About the AMC
Total AUM
₹1,76,658 Cr
Address
Mafatlal Centre, 9th Floor, Mumbai, 400 021
Other Funds by Tata Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Tata Money Market Fund Direct Growth?
The NAV of Tata Money Market Fund Direct Growth, as of 06-Sep-2024, is ₹4511.44.
What are the returns of Tata Money Market Fund Direct Growth?
The fund has generated 7.86% over the last 1 year and 6.45% 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 Tata Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 23.35% in bonds, and 76.44% in cash and cash equivalents.
Who manages the Tata Money Market Fund Direct Growth?
The fund managers responsible for Tata Money Market Fund Direct Growth are:-
- Amit Somani
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.