IDFC Money Manager Fund Regular Plan Daily Dividend Reinvestment

IDFC Money Manager Fund Regular Plan Daily Dividend Reinvestment is a scheme launched by IDFC Mutual Fund on November 10, 2006, and falls under the Money Market fund category. It currently manages an AUM of Rs 1,469.89 crore. The fund permits investments with a minimum SIP of Rs 0 and a lump sum of Rs . It charges an expense ratio of 1.34% for managing the portfolio.

• Investing Strategy:

  Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives of the scheme will be realized.

• Performance:

  IDFC Money Manager Fund Regular Plan Daily Dividend Reinvestment trailing returns over different times are NA% (1 year), NA% (3 year) and NA% (5 year). The average annual return of this fund stands at NA%.