Today we will give you complete information about Tata Money Market Fund - Direct Plan-Growth Scheme.
A money market fund is a type of mutual fund that invests in cash, cash-equivalent securities, and high-credit-rating debt-based securities.
These money market funds from Tata are designed to provide investors with high liquidity while mitigating the risk so that they can get money quickly when they need it.
Today we will share with you the complete details of Tata Money Market Fund - Direct Plan-Growth which has given very good returns to the investors.
Tata Money Market Fund - Direct Plan-Growth
Tata Money Market Fund - Direct Plan-Growth is a money market fund of the Tata Mutual Fund house.
It is an open-ended medium sized fund. Tata Money Market Fund - Direct Plan-Growth is a low to medium risk fund. Rating agency CRISIL has given 3 rating to this scheme.
The asset under management under the direct plan-growth scheme of this fund was Rs 7,795.18 crore. The Net Asset Value of Tata Money Market Fund Direct Plan-Growth is Rs 3823.85.
The annual absolute return of tata money market fund direct growth has been 18.64 percent in 3 years, 27.52 percent in 5 years and 80.26 percent since January 2013
Fund's Portfolio:79.16 percent in the debt segment
17.3 percent in government securities
61.86 percent in very low risk securities
Top Holdings of Tata Mutual Fund:Tata Teleservices LimitedBarclays Investments & Loans LimitedIDFC Bank LimitedAxis Bank LimitedGovernment of India Fund etc.
Investors who are looking for bank accounts or any other traditional short term investment option can invest in Tata Money Market Fund Direct Plan-Growth.
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