Bandhan Money Manager Fund Regular-IDCW Periodic
(Scheme Rating)
NAV as of Aug 29, 2024
12.410.01%
- IDCW Periodic - Regular
(Earn upto 0.75% Extra Returns with Direct Plan)
Fund Category:
Debt: Money Market
Expense Ratio:
0.85%(0.50% Category
average)Fund Size:
Rs. 6,059.09 Cr(2.20% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Money Manager Fund Regular-IDCW Periodic
(Scheme Rating)
NAV as of Aug 29, 2024
12.410.01%
Expense Ratio:
0.85%
Fund Size:
Rs. 6,059.09 Cr
Fund Category:
Debt: Money Market
1. Current NAV: The Current Net Asset Value of the Bandhan Money Manager Fund - Regular Plan as of Aug 29, 2024 is Rs 12.41 for IDCW Periodic option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 6.84% (1yr), 5.42% (3yr), 5.05% (5yr) and 6.37% (since launch). Whereas, Category returns for the same time duration are: 7.25% (1yr), 5.83% (3yr) and 5.65% (5yr).
3. Fund Size: The Bandhan Money Manager Fund - Regular Plan currently holds Assets under Management worth of Rs 6059.09 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.85% for Regular plan as on Aug 03, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Bandhan Money Manager Fund Regular-IDCW Periodic Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.53 1.69 3.47 6.83 5.42 5.05 Category Avg 0.56 1.77 3.65 7.24 5.83 5.65 Rank within Category 20 21 21 20 18 15 No. of funds within Category 23 23 23 23 20 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkUTI Money Market Discontinued-IDCWP
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Bandhan Money Manager Fund Regular-IDCW Periodic Fund Details
Investment Objective - The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
Fund House | Bandhan Mutual Fund |
Launch Date | Sep 15, 2014 |
Benchmark | NIFTY Money Market Index A-I |
Return Since Launch | 6.37% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | Below Average |
Bandhan Money Manager Fund Regular-IDCW Periodic Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.51 | 0.863 | 0.2438 | 0.5055 |
Average Maturity(Yrs) | 0.51 | 0.8685 | 0.2466 | 0.5068 |
Yield to Maturity(%) | 7.42 | 7.74 | 7.26 | 7.455 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 11.60 | 12.99 |
Low Risk | 85.78 | 87.74 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.62 | -0.73 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 0.42 | 0.65 |
CD | 64.73 | 59.52 |
T-Bills | - | 8.75 |
CP | 21.05 | 24.57 |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 13.80 | 6.50 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
National Bank For Agriculture & Rural Development | Short-term Debt | Financial | A1+ | 2,397.39 | 3.96 | 2,50,00,000 |
National Bank For Agriculture & Rural Development | Short-term Debt | Financial | A1+ | 1,925.09 | 3.18 | - |
Punjab National Bank | Short-term Debt | Financial | A1+ | 1,925.45 | 3.18 | - |
HDFC Bank Ltd | Short-term Debt | Financial | A1+ | 1,920.33 | 3.17 | - |
ICICI Bank Ltd | Short-term Debt | Financial | A1+ | 1,918.33 | 3.17 | 2,00,00,000 |
Kotak Mahindra Bank Ltd | Short-term Debt | Financial | A1+ | 1,909.92 | 3.15 | 2,00,00,000 |
Axis Bank Ltd | Short-term Debt | Financial | A1+ | 1,904.05 | 3.14 | - |
Gujarat State | Long-term Debt | Construction | SOV | 1,728.69 | 2.85 | - |
Punjab National Bank | Short-term Debt | Financial | A1+ | 1,706.81 | 2.82 | - |
Export-Import Bank Of India | Short-term Debt | Financial | A1+ | 1,674.76 | 2.76 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Money Manager Fund Regular-IDCW Periodic 12.41 6,059.09 0.53 6.83 5.42 5.05 UTI Money Market Fund Discontinued-IDCW Periodic 2,418.94 Unrated 15,169.71 0.54 7.06 5.70 5.36
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.57VS0.58Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
1.21VS1.24Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.56VS0.18Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
-0.26VS0.09Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
2.16VS2.63Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.22VS5.63Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- G.K.Gautam KaulSince Dec 20210 schemes
- A.M.Anurag MittalSince Nov 20152 schemes
- B.S.Brijesh ShahSince Jul 20211 schemes
Mr. Kaul is a B.Com (H) and MBA (Finance). Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
No schemes for the Fund Manager
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science. Prior to joining UTI Mutual Fund, he worked with IDFC AMC, HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y UTI Money Market Fund Discontinued-IDCW Periodic Money Market 2,418.94 Unrated 15,169.71 7.06 UTI Low Duration Fund Discontinued-IDCW Periodic Low Duration 1,052.79 Unrated 2,849.09 6.87 Mr. Shah is a Post Graduate Diploma in Finance. Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Floating Rate Fund Regular-IDCW Periodic Floater 12.02 277.49 7.46
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Regular-Growth | 14,555.72 | 0.59 | 1.84 | 3.71 | 7.23 | 5.67 | |
Bandhan Banking & PSU Debt Fund Regular-Growth | 14,279.57 | 0.65 | 1.81 | 3.56 | 6.48 | 5.21 | |
Bandhan Corporate Bond Fund Regular-Growth | 13,808.94 | 0.67 | 1.80 | 3.46 | 6.76 | 4.91 | |
Bandhan Sterling Value Fund Regular-Growth | 9,019.36 | 5.44 | 12.81 | 20.34 | 42.15 | 25.11 | |
Bandhan Bond Fund Short Term Plan Regular-Growth | 8,759.17 | 0.74 | 1.90 | 3.67 | 6.78 | 5.07 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Regular-Growth | 8,285.49 | 0.80 | 1.90 | 3.58 | 6.62 | 5.09 | |
Bandhan Flexi Cap Fund Regular-Growth | 6,979.84 | 5.26 | 13.34 | 16.58 | 35.47 | 17.46 | |
Bandhan ELSS Tax Saver Fund Regular-Growth | 6,433.56 | 4.74 | 9.70 | 15.16 | 34.25 | 20.81 | |
Bandhan Arbitrage Fund Regular-Growth | 6,202.72 | 0.64 | 1.96 | 4.02 | 7.69 | 5.57 | |
Bandhan Small Cap Fund Regular-Growth | 5,165.54 | 6.03 | 21.73 | 24.80 | 69.28 | 27.68 |
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1. Bandhan Money Manager Fund - Regular Plan is Open-ended Money Market Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Sep 15, 2014.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments. "
2. It is benchmarked against NIFTY Money Market Index A-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Bandhan Money Manager Fund - Regular Plan is 0.51 years and Duration is 0.50958904 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Bandhan Money Manager Fund Regular-IDCW Periodic
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bandhan Money Manager Fund Regular-IDCW Periodic
- Is it safe to invest in Bandhan Money Manager Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Money Manager Fund - Regular Plan comes under Low to Moderate risk category.
- What is the category of Bandhan Money Manager Fund - Regular Plan?Bandhan Money Manager Fund - Regular Plan belongs to the Debt : Money Market category of funds.
- How Long should I Invest in Bandhan Money Manager Fund - Regular Plan?The suggested investment horizon of investing into Bandhan Money Manager Fund - Regular Plan is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Money Manager Fund - Regular Plan?The Bandhan Money Manager Fund - Regular Plan is managed by Gautam Kaul (Since Dec 01, 2021) , Anurag Mittal (Since Nov 09, 2015) and Brijesh Shah (Since Jul 12, 2021).
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