Bandhan Money Manager Fund§ Core Bucket

An open ended debt scheme investing in money market instruments. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

31st March 2023

Bandhan Money Manager Fund§ Core Bucket

An open ended debt scheme investing in money market instruments. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

31st March 2023

About the Fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income.
Category: Money Market
Monthly Avg AUM : ₹ 2,799.92 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 2,576.60 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 18 February 2003
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Brijesh Shah (w.e.f. 12th July 2021)
Mr. Gautam Kaul (w.e.f. 1st Dcember 2021)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

0.63%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

257 days
Average Maturity 258 days
Macaulay Duration 257 days
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

7.47%
Total Expense Ratio
Regular0.93%
Direct0.22%
Benchmark : NIFTY Money Market Index A-I (w.e.f. 1st April 2022)
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth & IDCW@ Option - Daily (Reinvest), Weekly (Reinvest), Monthly (Payout, Reinvestment and Sweep), Periodic (Payout, Reinvestment and Sweep).
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

NIL
NAV (₹) as on February 28, 2023
Plan Option Freq NAV
Regular Plan Growth - 34.4723
Regular Plan IDCW@ Monthly 10.2636
Regular Plan IDCW@ Daily 10.0994
Regular Plan IDCW@ Weekly 10.1446
Regular Plan IDCW@ Periodic 11.3052
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Certificate of Deposit 55.03%
Axis Bank A1+ 12.06%
NABARD A1+ 10.02%
Kotak Mahindra Bank A1+ 9.74%
HDFC Bank A1+ 8.38%
Canara Bank A1+ 4.16%
Export Import Bank of India A1+ 3.77%
ICICI Bank A1+ 2.82%
Small Industries Dev Bank of India A1+ 1.88%
Indian Bank A1+ 1.81%
Bank of Baroda A1+ 0.37%
Commercial Paper 27.55%
Small Industries Dev Bank of India A1+ 9.04%
HDFC A1+ 7.30%
ICICI Securities A1+ 3.79%
L&T Finance A1+ 3.61%
Kotak Securities A1+ 1.92%
Kotak Mahindra Investments A1+ 0.95%
M&M Financial Services A1+ 0.94%
Treasury Bill 10.10%
364 Days Tbill - 2024 SOV 7.27%
182 Days Tbill - 2023 SOV 1.88%
364 Days Tbill - 2023 SOV 0.95%
State Government Bond 7.91%
5.27% Gujarat SDL - 2024 SOV 3.82%
7.95% Tamil Nadu SDL - 2023 SOV 2.53%
9.35% Maharashtra SDL - 2024 SOV 0.79%
4.93% Bihar SDL - 2023 SOV 0.77%
Net Cash and Cash Equivalent - 0.59%
Grand Total 100.00%




Performance based on NAV as on 31/03/2023 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Feb 18, 2003.
^The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.


Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

  • To generate short term optimal returns with relative stability and high liquidity.
  • Investments predominantly in money market instruments.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

NIFTY Money Market Index A-I



§With effect from 13th March 2023, the name of "IDFC Money Manager Fund" has changed to "Bandhan Money Manager Fund".
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.