The fund's month-end assets under management increased to ₹11,680 crore in March 2024 from ₹6,800 crore in March 2021.
The investment objective of the fund is to generate reasonable income with a high level of liquidity through a portfolio predominantly invested in money market instruments.
Amit Sharma and Anurag Mittal have managed the fund since July 2017 and December 2021, respectively.
Trailing returns
The fund has outperformed the benchmark (CRISIL Money Market A-I Index) and its peers (funds ranked in the money market fund category in March 2024 CMFR) over one-, two-, three-, five-, seven-, and 10-year trailing periods.
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