Friday
Top 10 Money Market Mutual Funds – March 2010
Here is the first edition of FRPP rankings in the Money Market/Liquid Funds category (See previous post on FRPP
Liquid Funds invest in short-term instruments such as treasury bills, CDs, and commercial papers. The goal is to provide liquidity and not be affected by interest rate movements. Hence, these funds don’t intend to provide superior returns.
Why do you need them? Because, they do better than your savings account returns. These are good places to park your surplus funds, and funds waiting on the sidelines. The lock-in period is minimal and investors could maximize returns by holding their cash positions in these funds.
A total of 65 money market mutual funds were used in the analysis. HDFC has a good set of liquid funds. The HDFC Cash Management Fund and LIC Liquid Fund are the top picks.
| FRPP Rank | Fund Name (Money Market Funds) | Assets (Rs. Cr.) | NAV (17/3/2010) | 1 year Return (%) |
| 1 | LIC MF Liquid Fund | 5,217.80 | 16.84 | 5 |
| 2 | HDFC Cash Mgmt - SP | 3,854.93 | 19.21 | 4.8 |
| 3 | HDFC CMF-Treasury Advg | 6,585.21 | 19.95 | 4.8 |
| 4 | HDFC Liquid Fund | 664.69 | 18.21 | 4.5 |
| 5 | UTI Money Market Fund | 231.59 | 2,567.24 | 4.5 |
| 6 | Canara Robeco Liquid | 20.69 | 16.68 | 4.2 |
| 7 | SBI Magnum Cash-Liquid Float | 82.32 | 15.82 | 4.3 |
| 8 | Reliance Liquid Fund TP | 539.15 | 22.04 | 4.6 |
| 9 | Birla Sun Life Cash Manager | 67.34 | 22.41 | 4.4 |
| 10 | JM High Liquidity | 81.53 | 25.06 | 4.4 |
Do you have cash sitting around in your savings account? With interest rates going up, you could do better with these funds? See recent ET article.
Happy Investing!
Labels: FRPP, Fund Relative Strength, Liquid Funds, Money Market, Mutual Funds
by Admin at 19:23 |
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