Money Market Mutual Funds
Money-market instruments maturing within a year.
Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
Who it suits. Conservative parking for up to a year. Hold for Up to 1 year.
Direct plans in this category
- Tata Money Market FundTata Mutual Fund · NAV ₹5,218.18 6.7% 7.5% 6.9%
- Nippon India Money Market FundNippon India Mutual Fund · NAV ₹4,554.97 6.5% 7.4% 6.8%
- Aditya Birla Sun Life Money Market FundAditya Birla Sun Life Mutual Fund · NAV ₹406.21 6.6% 7.4% 6.8%
- Axis Money Market FundAxis Mutual Fund · NAV ₹1,565.75 6.6% 7.5% 6.8%
- UTI - Money Market FundUTI Mutual Fund · NAV ₹3,381.00 6.6% 7.4% 6.7%
- HDFC Money Market FundHDFC Mutual Fund · NAV ₹6,316.28 6.6% 7.4% 6.7%
- Kotak Money Market FundKotak Mahindra Mutual Fund · NAV ₹4,911.58 6.6% 7.4% 6.7%
- ICICI Prudential Money Market FundICICI Prudential Mutual Fund · NAV ₹416.03 6.5% 7.4% 6.7%
- Bandhan Money Market FundBandhan Mutual Fund · NAV ₹47.33 6.7% 7.4% 6.7%
- SBI Money Market FundSBI Mutual Fund · NAV ₹48.11 6.4% 7.3% 6.7%
- Franklin India Money Market FundFranklin Templeton Mutual Fund · NAV ₹56.16 6.6% 7.4% 6.7%
- Mirae Asset Money Market FundMirae Asset Mutual Fund · NAV ₹1,383.31 6.5% 7.4% 6.6%
- PGIM India Money Market FundPGIM India Mutual Fund · NAV ₹1,477.74 6.4% 7.2% 6.6%
- Sundaram Money Market FundSundaram Mutual Fund · NAV ₹16.34 6.5% 7.3% 6.5%
- Union Money Market FundUnion Mutual Fund · NAV ₹1,373.12 6.8% 7.2% 6.5%
- Edelweiss Money Market FundEdelweiss Mutual Fund · NAV ₹33.96 6.6% 7.3% 6.5%
- Baroda BNP Paribas Money Market FundBaroda BNP Paribas Mutual Fund · NAV ₹1,515.53 6.6% 7.3% 6.5%
- DSP Money Market FundDSP Mutual Fund · NAV ₹58.75 6.6% 7.2% 6.5%
- Invesco India Money Market FundInvesco Mutual Fund · NAV ₹3,410.49 6.5% 7.3% 6.5%
- Bajaj Finserv Money Market FundBajaj Finserv Mutual Fund · NAV ₹1,257.47 6.6% 7.4% —
- Bank of India Money Market FundBank of India Mutual Fund · NAV ₹11.21 — — —
- Groww Money Market FundGroww Mutual Fund · NAV ₹10.50 — — —
- HSBC Money Market FundHSBC Mutual Fund · NAV ₹29.97 6.5% 7.3% —
- JioBlackRock Money Market FundJio BlackRock Mutual Fund · NAV ₹1,078.29 — — —
- LIC MF Money Market FundLIC Mutual Fund · NAV ₹1,305.12 6.7% 6.8% —
- Shriram Money Market FundShriram Mutual Fund · NAV ₹1,044.02 — — —
- TRUSTMF Money Market FundTrust Mutual Fund · NAV ₹1,325.48 6.5% 7.2% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Money Market fund?
Money-market instruments maturing within a year. Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
Who should invest in Money Market funds?
Conservative parking for up to a year. A sensible holding period is Up to 1 year.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.