- Mutual Funds
- HDFC Mutual Funds
- HDFC Money Market Opt fund (RIDCW-W)
Formerly HDFC Money Market Wk DR
HDFC Money Market Opt fund (RIDCW-W)
₹ 1062.6884
NAV (Apr 16)
Money market funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Money Market Funds invest in money market instruments with maturity upto 1 year.
This category accounts for close to 5% of the total Debt fund assets.
Funds in this category have a credit quality and return similar to Liquid Funds however they tend to have higher variations when interest rates change.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1062.6884
NAV (Apr 16)
Fund Returns
Last 1Y | 5.6% |
Last 3Y | 4.8% |
Last 5Y | 5.1% |
Last 10Y | 5.2% |
Since Inception | 5.5% |
6 Month CAGR | 3.4% |
Scheme Information
To generate income / capital appreciation by investing in money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Expense Ratio | 0.35 |
Launched (25y ago) | Nov 18, 1999 |
AUM in Crores | 18272.408 |
ISIN | INF179KB1II2 |
Lock-in | No Lock-in |
Benchmark | Nifty Money Market TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.5 |
Standard Deviation (5yr) | 0.7 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -1.215 |
Sharpe Ratio (5yr) | -0.05 |
YTM | 7.82394 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| HDFC Money Market Opt fund (RIDCW-W) | 8,27,973 | 95,361 | 5.1% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
national bank for agriculture and rural development
3.8%union bank of india
2.8%panatone finvest ltd
2.8%india (republic of)
2.8%union bank of india
2.8%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
HDFC Asset Management Company Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
26.4% | 13% | ||
14.5% | 6.7% | ||
6% | 7.8% | ||
5.1% | 5.9% | ||
9.2% | 6.2% |
HDFC Money Market Opt fund (RIDCW-W) Review
HDFC Money Market Opt fund (RIDCW-W) is a Money Market Debt fund and has delivered an annualised return of 5.5% over a period of 24 years. The fund was previously known as HDFC Money Market Wk DR. The fund is managed by HDFC Asset Management Co Ltd. The fund managers are Anil Bamboli, Dhruv Muchhal, Vikash Agarwal.
Nav of HDFC Money Market Opt fund (RIDCW-W) as of 4/16/2024 is ₹1062.69 with the total AUM as of 4/18/2024 is ₹18272.408. With Scripbox you can compare and check the latest nav for all mutual funds in India. HDFC Money Market Opt fund (RIDCW-W) was launched on Nov 18, 1999. The category risk of the fund is Moderate Risk.
The minimum SIP amount for HDFC Money Market Opt fund (RIDCW-W) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
HDFC Money Market Opt fund (RIDCW-W) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty Money Market TR INR.
HDFC Money Market Opt fund (RIDCW-W) is rated as a 3 fund in Debt and delivered 5.6% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with HDFC Money Market Opt fund (RIDCW-W).
Frequently Asked Questions
What is HDFC Money Market Opt fund (RIDCW-W)?
How to invest in HDFC Money Market Opt fund (RIDCW-W)?
You can invest in HDFC Money Market Opt fund (RIDCW-W) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of HDFC Money Market Opt fund (RIDCW-W)?
The minimum sip amount for HDFC Money Market Opt fund (RIDCW-W) is ₹1000. You can invest in multiples of ₹5000.
Is HDFC Money Market Opt fund (RIDCW-W) good to invest in?
As per Scripbox experts, HDFC Money Market Opt fund (RIDCW-W) is a Neutral fund. You can investHDFC Money Market Opt fund (RIDCW-W) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the HDFC Money Market Opt fund (RIDCW-W)?
The expense ratio of the HDFC Money Market Opt fund (RIDCW-W) is 0.35% for regular plan.