Click here for top ranked funds in money market mutual funds.
However, Scripbox does not recommend investing in money market mutual funds.
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.
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Historical NAV
₹ 1001.6619
NAV (Oct 21)
Fund Returns
Last 1Y
2.4%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
3.4%
6 Month CAGR
1.5%
Scheme Information
Investment Objective
The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments. However,there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
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.
PGIM India Asset Management Private Limited manages assets worth 14,118 crores and was set up on 24 September 2008. It's current offering of mutual fund schemes includes 15 equity,133 debt and 30 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
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About PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M)
About PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M)
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) is a Money Market Debt fund and has delivered an annualised return of 3.4% over a period of 1 years. The fund was previously known as PGIM India Money Market Reg Mn DP . The fund is managed by PGIM India Asset Management Private Limited. The fund managers are Kumaresh Ramakrishnan, Kunal Jain
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) Investment Objective
The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments. However,there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns. . However, there is no assurance that the objective of the scheme will be realized.
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) NAV,AUM,Risk
The PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) fund was launched on Mar 06, 2020. The NAV (Net Asset Value) of this Money Market Debt fund as of 2021-10-21 is ₹1001.66. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹107.715. The category risk of the PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) fund is Low to Moderate Risk. The fund charges 1.03 % as expense ratio.
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) Holdings
The fund’s highest allocation is towards Others and has invested 66.5% in this asset class. The top three holdings of the fund are , 9.15% kerala sdl 2022 , export-import bank of india , icici securities limited , lic housing finance limited , aditya birla money limited , axis bank limited , network18 media & investments limited , treps / reverse repo , 9.12% gujarat sdl 2022 , 8.92% kerela sdl 2022 , 9.14% kerala sdl 2022 , 9.13% gujarat sdl 2022 , 9.04% w. bengal sdl 2021 , 9.01% j&k sdl 2022 , net receivables / (payables)
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) Sip
The minimum SIP (Systematic Investment Plan) amount for this 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.
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) Investment volatility and Horizon
This fund 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 CRISIL Money Market TR INR.
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) Review
PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) has a score of 2 on a scale of 5. The fund has a score of 1 out of 5 based on historical performance. As compared to the other funds in its category, PGIM India Money Market Fund Inc Dist cum Cap Wdrl (PIDCW-M) has a score of 2out of 5
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
