- Mutual Funds
- HSBC Mutual Funds
- HSBC Money Market Fund (RIDCW-D)
Formerly L&T Money Market Dl IDCW-R
HSBC Money Market Fund (RIDCW-D)
₹ 10.8591
NAV (Apr 15)
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
₹ 10.8591
NAV (Apr 15)
Fund Returns
Last 1Y | 7.1% |
Last 3Y | 5% |
Last 5Y | 4.8% |
Last 10Y | 5.3% |
Since Inception | 5.7% |
6 Month CAGR | 3.6% |
Scheme Information
To generate regular income through investment in a portfolio comprising substantially of money market instruments.There is no assurance that the investment objective of the scheme will be realized.
Expense Ratio | 0.57 |
Launched (19y ago) | Aug 10, 2005 |
AUM in Crores | 1100.264 |
ISIN | INF917K01AY5 |
Lock-in | No Lock-in |
Benchmark | Nifty Money Market TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.7 |
Standard Deviation (5yr) | 0.9 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -1.282 |
Sharpe Ratio (5yr) | -0.418 |
YTM | 7.68 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| HSBC Money Market Fund (RIDCW-D) | 8,21,924 | 89,312 | 4.8% | |
| 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
axis bank limited
6.5%national bank for agriculture and rural development
6.4%icici bank ltd.
6.4%lic housing finance ltd.
6.4%canara bank
6.4%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 10,293 cr | ||
₹ 4,923 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
HSBC Asset Management(India)Private Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
34.2% | 22.2% | ||
5.3% | 5.9% | ||
28.1% | 17% | ||
20.3% | 15.5% | ||
4.7% | 5.2% |
HSBC Money Market Fund (RIDCW-D) Review
HSBC Money Market Fund (RIDCW-D) is a Money Market Debt fund and has delivered an annualised return of 5.7% over a period of 18 years. The fund was previously known as L&T Money Market Dl IDCW-R. The fund is managed by HSBC Asset Management(India)Private Ltd. The fund managers are Kapil Punjabi, Shriram Ramanathan.
Nav of HSBC Money Market Fund (RIDCW-D) as of 4/15/2024 is ₹10.86 with the total AUM as of 4/16/2024 is ₹1100.264. With Scripbox you can compare and check the latest nav for all mutual funds in India. HSBC Money Market Fund (RIDCW-D) was launched on Aug 10, 2005. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for HSBC Money Market Fund (RIDCW-D) 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.
HSBC Money Market Fund (RIDCW-D) 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.
HSBC Money Market Fund (RIDCW-D) is rated as a 1 fund in Debt and delivered 7.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with HSBC Money Market Fund (RIDCW-D).
Frequently Asked Questions
What is HSBC Money Market Fund (RIDCW-D)?
How to invest in HSBC Money Market Fund (RIDCW-D)?
You can invest in HSBC Money Market Fund (RIDCW-D) 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 HSBC Money Market Fund (RIDCW-D)?
The minimum sip amount for HSBC Money Market Fund (RIDCW-D) is ₹1000. You can invest in multiples of ₹5000.
Is HSBC Money Market Fund (RIDCW-D) good to invest in?
As per Scripbox experts, HSBC Money Market Fund (RIDCW-D) is a Not Recommended fund. You can investHSBC Money Market Fund (RIDCW-D) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the HSBC Money Market Fund (RIDCW-D)?
The expense ratio of the HSBC Money Market Fund (RIDCW-D) is 0.57% for regular plan.