| TIMMA, India's first money
market mutual fund, was launched in March 1997. The fund invests in money market
instruments like call money, treasury bills, commercial paper with the objective of
providing investors current income with stability of capital.
As can be seen from the table below,
TIMMA has given investors superior returns,
when compared to bank deposits and short-term
fixed deposits while providing equivalent
safety.
|
Performance Snapshot |
|
Last
7 Days |
Last
15 Days** |
Last
1 Month** |
Last
3 Months** |
Last
6 Months** |
Last
1 Year** |
Last
3 Years* |
Last
5 Years* |
Since
Inception* |
| TIMMA |
0.08% |
5.19% |
5.89% |
6.78% |
7.72% |
8.52% |
7.96% |
6.33% |
5.63% |
| Crisil
Liquid Fund Index |
0.04% |
2.28% |
2.34% |
3.11% |
5.71% |
7.88% |
7.38% |
6.39% |
N.A |
|
Past performance
may or may not be sustained in the
future.
* Compounded and
annualised. As on July 31, 2009.
**
Annualised |
Highlights
- High liquidity : You have the convenience of
writing self cheques out of your Money Market Account.
- Preservation of capital : TIMMA invests in
money market instruments like call money, T-bills and CDs where there is virtually no risk
of losing your principal
- Flexibility : You can withdraw your money
anytime after the initial lock-in period of 15 days
- Convenience : Your money works for you every
day without having to renew it or extend it like a bank deposit
- No charges : MMA is a no-load fund - which
means that you do not have to pay transaction fees or any charges at entry or exit
Fund Information
| Net Asset Value |
Calculated and disclosed on all business days |
Minimum Investments :
New Investment
Additional Investments |
Regular : Rs.5000;
Rs. 1.000
|
Load |
| Amount (Rs.) |
Entry Load |
Exit Load |
Any
Amount |
Nil |
0.00% |
|
| Tax Benefits |
Indexation Benefits
Units are not liable to wealth tax and gift tax.
No TDS on Redemptions for resident investors |
|
