Best Money Market Mutual Funds 2026

Updated on June 8, 2026 , 44045 views

In common terms, Best Liquid Funds (Money market funds) are Debt Mutual Funds or rather money market Mutual Funds with the only difference being in the investment duration. Money market funds invest in very short money market instruments like the certificate of deposit, treasury bills, commercial papers etc.

The investment duration of these funds is very short, generally ranging from a couple of days to a few weeks (it can even be one day!). The average residual maturity of Liquid Funds is less than 91 days as they invest in securities which individually have a maturity upto 91 days.

Being a short-term debt fund, these funds are highly suitable for investors looking for low-risk investments for short duration. The low maturity period of best liquid funds helps fund managers to fulfil the redemption demand of investors easily. In the market, there are various money market fund investments available.

Why to Invest in Money Market Funds?

Securities in the money market are relatively low risk
Money market funds are considered to be the safe and secure of all Mutual Fund investments
Considering money market funds, it’s easy to invest in a money market account. Investing through Mutual Funds investors can open an account, make deposits and withdrawals virtually at their convenience
Money market funds are considered to be one of the least volatile types of all mutual fund investments
The performance of money market funds is closely tied to the interest rates set by the Reserve Bank of India, the Central Bank of India. So, when RBI raises rates in the market, yields increase, and money market funds are able to give good returns.

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How do Money Market Funds work?

A money market fund invests in money market instruments with an objective of offering good returns (interest income) and keeping the NAV fluctuations minimal.

Types of Money Market Instruments

Money Market is an exchange where the trade of cash and cash-equivalent instruments takes place. The instruments that are traded in the money markets have maturities which can vary from overnight to one year. Here are some key money market instruments in India:

1. Treasury Bills or T-Bills

The Government of India issues treasury bills to raise funds for a period of up to 365 days. Since these are issued by the government, they are considered to be very safe. However, lower risks also translate into lower returns which is the case with treasury bills too. The returns on T-bills is lower than other money market instruments.

2. Certificate of Deposit or CD

A CD is a term deposit which is offered by scheduled commercial banks which does not have the option of premature redemption. The primary difference between a CD and FD is that CDs are freely negotiable.

3. Repurchase Agreements or Repos

A repurchase agreement is made between a bank and RBI to facilitate short-term loans. It can also be made between two banks.

4. Commercial Paper or CP

Companies and financial institutions with a high credit rating can issue a commercial paper which is a short-term, unsecured promissory note. It allows such entities to diversify their short-term borrowing sources. CPs are usually issued at a discounted rate while the redemption is done on face value. The investor earns the difference.

Fund Selection Methodology used to find 8 funds

Category: Debt
Sub-category: Money%20Market
AUM Range: 500 to 100000 Cr
Sorted On : 1-year return (high to low)
Tags: fcpro
No Of Funds: 8

Top 8 Money Market Mutual Funds 2026

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Money Market Fund Growth	₹3,266.13 ↑ 0.63	₹19,328	0.5	1.5	2.9	6	7.5	7.39%	8M 22D	8M 22D
Tata Money Market Fund Growth	₹5,000.55 ↑ 1.10	₹37,476	0.5	1.5	2.9	6	7.4	7.38%	9M 6D	9M 6D
Kotak Money Market Scheme Growth	₹4,755.18 ↑ 0.92	₹33,700	0.5	1.5	2.9	5.9	7.4	7.24%	8M 23D	8M 23D
Aditya Birla Sun Life Money Manager Fund Growth	₹391.647 ↑ 0.08	₹30,074	0.5	1.5	2.8	5.9	7.4	7.38%	9M 4D	9M 4D
Bandhan Money Manager Fund Growth	₹42.6734 ↑ 0.01	₹15,908	0.5	1.5	2.9	5.9	7.3	7.12%	8M 29D	8M 29D
Franklin India Savings Fund Growth	₹53.1214 ↑ 0.01	₹4,309	0.5	1.5	2.9	5.9	7.4	7.3%	8M 23D	9M 11D
HDFC Money Market Fund Growth	₹6,051.07 ↑ 1.07	₹29,824	0.5	1.5	2.9	5.9	7.4	7.33%	7M 30D	8M 18D
Nippon India Money Market Fund Growth	₹4,393.71 ↑ 0.89	₹21,421	0.5	1.5	2.8	5.9	7.4	7.32%	8M 22D	9M 12D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Jun 26

Research Highlights & Commentary of 8 Funds showcased

Commentary	UTI Money Market Fund	Tata Money Market Fund	Kotak Money Market Scheme	Aditya Birla Sun Life Money Manager Fund	Bandhan Money Manager Fund	Franklin India Savings Fund	HDFC Money Market Fund	Nippon India Money Market Fund
Point 1	Lower mid AUM (₹19,328 Cr).	Highest AUM (₹37,476 Cr).	Top quartile AUM (₹33,700 Cr).	Upper mid AUM (₹30,074 Cr).	Bottom quartile AUM (₹15,908 Cr).	Bottom quartile AUM (₹4,309 Cr).	Upper mid AUM (₹29,824 Cr).	Lower mid AUM (₹21,421 Cr).
Point 2	Established history (16+ yrs).	Established history (23+ yrs).	Established history (22+ yrs).	Established history (20+ yrs).	Established history (23+ yrs).	Established history (24+ yrs).	Oldest track record among peers (26 yrs).	Established history (21+ yrs).
Point 3	Rating: 4★ (top quartile).	Rating: 3★ (upper mid).	Rating: 4★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 5.96% (top quartile).	1Y return: 5.96% (top quartile).	1Y return: 5.92% (upper mid).	1Y return: 5.92% (upper mid).	1Y return: 5.91% (lower mid).	1Y return: 5.91% (lower mid).	1Y return: 5.89% (bottom quartile).	1Y return: 5.89% (bottom quartile).
Point 6	1M return: 0.48% (upper mid).	1M return: 0.48% (upper mid).	1M return: 0.49% (top quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.48% (bottom quartile).	1M return: 0.51% (top quartile).	1M return: 0.48% (lower mid).	1M return: 0.48% (lower mid).
Point 7	Sharpe: 1.52 (upper mid).	Sharpe: 1.51 (upper mid).	Sharpe: 1.44 (lower mid).	Sharpe: 1.25 (bottom quartile).	Sharpe: 1.69 (top quartile).	Sharpe: 1.53 (top quartile).	Sharpe: 1.43 (lower mid).	Sharpe: 1.31 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.39% (top quartile).	Yield to maturity (debt): 7.38% (top quartile).	Yield to maturity (debt): 7.24% (bottom quartile).	Yield to maturity (debt): 7.38% (upper mid).	Yield to maturity (debt): 7.12% (bottom quartile).	Yield to maturity (debt): 7.30% (lower mid).	Yield to maturity (debt): 7.33% (upper mid).	Yield to maturity (debt): 7.32% (lower mid).
Point 10	Modified duration: 0.73 yrs (top quartile).	Modified duration: 0.77 yrs (bottom quartile).	Modified duration: 0.73 yrs (upper mid).	Modified duration: 0.76 yrs (bottom quartile).	Modified duration: 0.75 yrs (lower mid).	Modified duration: 0.73 yrs (lower mid).	Modified duration: 0.67 yrs (top quartile).	Modified duration: 0.73 yrs (upper mid).

UTI Money Market Fund

Lower mid AUM (₹19,328 Cr).
Established history (16+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 5.96% (top quartile).
1M return: 0.48% (upper mid).
Sharpe: 1.52 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.39% (top quartile).
Modified duration: 0.73 yrs (top quartile).

Tata Money Market Fund

Highest AUM (₹37,476 Cr).
Established history (23+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 5.96% (top quartile).
1M return: 0.48% (upper mid).
Sharpe: 1.51 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.38% (top quartile).
Modified duration: 0.77 yrs (bottom quartile).

Kotak Money Market Scheme

Top quartile AUM (₹33,700 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 5.92% (upper mid).
1M return: 0.49% (top quartile).
Sharpe: 1.44 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.24% (bottom quartile).
Modified duration: 0.73 yrs (upper mid).

Aditya Birla Sun Life Money Manager Fund

Upper mid AUM (₹30,074 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 5.92% (upper mid).
1M return: 0.46% (bottom quartile).
Sharpe: 1.25 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.38% (upper mid).
Modified duration: 0.76 yrs (bottom quartile).

Bandhan Money Manager Fund

Bottom quartile AUM (₹15,908 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.91% (lower mid).
1M return: 0.48% (bottom quartile).
Sharpe: 1.69 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.12% (bottom quartile).
Modified duration: 0.75 yrs (lower mid).

Franklin India Savings Fund

Bottom quartile AUM (₹4,309 Cr).
Established history (24+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.91% (lower mid).
1M return: 0.51% (top quartile).
Sharpe: 1.53 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.30% (lower mid).
Modified duration: 0.73 yrs (lower mid).

HDFC Money Market Fund

Upper mid AUM (₹29,824 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 5.89% (bottom quartile).
1M return: 0.48% (lower mid).
Sharpe: 1.43 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.33% (upper mid).
Modified duration: 0.67 yrs (top quartile).

Nippon India Money Market Fund

Lower mid AUM (₹21,421 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 5.89% (bottom quartile).
1M return: 0.48% (lower mid).
Sharpe: 1.31 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.32% (lower mid).
Modified duration: 0.73 yrs (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

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Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

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Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

1. UTI Money Market Fund

To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities.

Research Highlights for UTI Money Market Fund

Lower mid AUM (₹19,328 Cr).
Established history (16+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 5.96% (top quartile).
1M return: 0.48% (upper mid).
Sharpe: 1.52 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.39% (top quartile).
Modified duration: 0.73 yrs (top quartile).
Average maturity: 0.73 yrs (top quartile).
Exit load: NIL.

Below is the key information for UTI Money Market Fund

UTI Money Market Fund Growth
Launch Date	13 Jul 09
NAV (10 Jun 26)	₹3,266.13 ↑ 0.63 (0.02 %)
Net Assets (Cr)	₹19,328 on 30 Apr 26
Category	Debt - Money Market
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	1.52
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.39%
Effective Maturity	8 Months 22 Days
Modified Duration	8 Months 22 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,368
31 May 23	₹11,057
31 May 24	₹11,890
31 May 25	₹12,856
31 May 26	₹13,604

UTI Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for UTI Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	6%
3 Year	7.3%
5 Year	6.4%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	7.7%
2022	7.4%
2021	4.9%
2020	3.7%
2019	6%
2018	8%
2017	7.8%
2016	6.7%
2015	7.7%

Fund Manager information for UTI Money Market Fund

Name	Since	Tenure
Anurag Mittal	1 Dec 21	4.5 Yr.
Amit Sharma	7 Jul 17	8.91 Yr.

Data below for UTI Money Market Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	83.56%
Debt	16.14%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	48.52%
Cash Equivalent	27.92%
Government	23.27%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹651 Cr	6,629,850,000
Tbill Sovereign Bonds \| -	2%	₹295 Cr	3,000,000,000
Tbill Sovereign Bonds \| -	2%	₹295 Cr	3,000,000,000
5.74% Govt Stock 2026 Sovereign Bonds \| -	1%	₹280 Cr	2,800,000,000
Tbill Sovereign Bonds \| -	1%	₹247 Cr	2,500,000,000 ↓ -7,000,000,000
DBS Bank India Ltd. Debentures \| -	1%	₹246 Cr	2,500,000,000
DBS Bank India Ltd. Debentures \| -	1%	₹245 Cr	2,500,000,000
Tbill Sovereign Bonds \| -	1%	₹197 Cr	2,000,000,000 ↑ 2,000,000,000
Indian Bank Domestic Bonds \| -	1%	₹194 Cr	2,000,000,000
Indian Overseas Bank Debentures \| -	1%	₹189 Cr	2,000,000,000

2. Tata Money Market Fund

(Erstwhile Tata Liquid Fund)

To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders.

Research Highlights for Tata Money Market Fund

Highest AUM (₹37,476 Cr).
Established history (23+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 5.96% (top quartile).
1M return: 0.48% (upper mid).
Sharpe: 1.51 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.38% (top quartile).
Modified duration: 0.77 yrs (bottom quartile).
Average maturity: 0.77 yrs (lower mid).
Exit load: NIL.

Below is the key information for Tata Money Market Fund

Tata Money Market Fund Growth
Launch Date	22 May 03
NAV (10 Jun 26)	₹5,000.55 ↑ 1.10 (0.02 %)
Net Assets (Cr)	₹37,476 on 30 Apr 26
Category	Debt - Money Market
AMC	Tata Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.44
Sharpe Ratio	1.51
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.38%
Effective Maturity	9 Months 6 Days
Modified Duration	9 Months 6 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,359
31 May 23	₹11,047
31 May 24	₹11,876
31 May 25	₹12,833
31 May 26	₹13,582

Tata Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Tata Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	6%
3 Year	7.2%
5 Year	6.4%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.7%
2022	7.4%
2021	4.8%
2020	3.9%
2019	6.4%
2018	8.1%
2017	-0.1%
2016	6.7%
2015	7.6%

Fund Manager information for Tata Money Market Fund

Name	Since	Tenure
Amit Somani	16 Oct 13	12.63 Yr.

Data below for Tata Money Market Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	81.77%
Debt	17.94%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	51.63%
Cash Equivalent	31.78%
Government	16.31%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indian Bank Domestic Bonds \| -	3%	₹952 Cr	19,500
India (Republic of) - \| -	2%	₹880 Cr	89,000,000 ↓ -500,000
26/11/2026 Maturing 364 DTB Sovereign Bonds \| -	2%	₹864 Cr	89,000,000 ↓ -60,000,000
Union Bank of India Debentures \| -	2%	₹703 Cr	15,000 ↑ 15,000
Indian Overseas Bank Debentures \| -	2%	₹660 Cr	14,000
India (Republic of) - \| -	2%	₹567 Cr	57,500,000 ↓ -2,500,000
Equitas Small Finance Bank Ltd. Debentures \| -	2%	₹563 Cr	12,000
Tbill Sovereign Bonds \| -	2%	₹543 Cr	55,000,000 ↓ -35,000,000
Karur Vysya Bank Ltd. Debentures \| -	1%	₹488 Cr	10,000 ↑ 10,000
Tbill Sovereign Bonds \| -	1%	₹442 Cr	45,000,000

3. Kotak Money Market Scheme

(Erstwhile Kotak Floater Short Term Fund)

To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives.

Research Highlights for Kotak Money Market Scheme

Top quartile AUM (₹33,700 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 5.92% (upper mid).
1M return: 0.49% (top quartile).
Sharpe: 1.44 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.24% (bottom quartile).
Modified duration: 0.73 yrs (upper mid).
Average maturity: 0.73 yrs (upper mid).
Exit load: NIL.

Below is the key information for Kotak Money Market Scheme

Kotak Money Market Scheme Growth
Launch Date	14 Jul 03
NAV (10 Jun 26)	₹4,755.18 ↑ 0.92 (0.02 %)
Net Assets (Cr)	₹33,700 on 30 Apr 26
Category	Debt - Money Market
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.36
Sharpe Ratio	1.44
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.24%
Effective Maturity	8 Months 23 Days
Modified Duration	8 Months 23 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,368
31 May 23	₹11,048
31 May 24	₹11,873
31 May 25	₹12,829
31 May 26	₹13,567

Kotak Money Market Scheme SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Kotak Money Market Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	5.9%
3 Year	7.2%
5 Year	6.4%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.7%
2022	7.3%
2021	4.9%
2020	3.7%
2019	5.7%
2018	8%
2017	7.7%
2016	6.7%
2015	7.7%

Fund Manager information for Kotak Money Market Scheme

Name	Since	Tenure
Deepak Agrawal	1 Nov 06	19.59 Yr.
Manu Sharma	1 Nov 22	3.58 Yr.

Data below for Kotak Money Market Scheme as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	81.32%
Debt	18.4%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	54.97%
Government	23.95%
Cash Equivalent	20.81%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹1,325 Cr	135,000,000
Tbill Sovereign Bonds \| -	3%	₹983 Cr	100,000,000
06/08/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹741 Cr	75,000,000
Tbill Sovereign Bonds \| -	2%	₹739 Cr	75,000,000
Indusind Bank Ltd. Debentures \| -	2%	₹711 Cr	75,000
Punjab National Bank Debentures \| -	1%	₹475 Cr	50,000 ↑ 50,000
India (Republic of) - \| -	1%	₹394 Cr	40,000,000
Tbill Sovereign Bonds \| -	1%	₹369 Cr	37,500,000
Federal Bank Ltd. Debentures \| -	1%	₹356 Cr	37,500
Karur Vysya Bank Ltd. Debentures \| -	1%	₹236 Cr	25,000

4. Aditya Birla Sun Life Money Manager Fund

(Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Research Highlights for Aditya Birla Sun Life Money Manager Fund

Upper mid AUM (₹30,074 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 5.92% (upper mid).
1M return: 0.46% (bottom quartile).
Sharpe: 1.25 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.38% (upper mid).
Modified duration: 0.76 yrs (bottom quartile).
Average maturity: 0.76 yrs (lower mid).
Exit load: NIL.

Below is the key information for Aditya Birla Sun Life Money Manager Fund

Aditya Birla Sun Life Money Manager Fund Growth
Launch Date	13 Oct 05
NAV (10 Jun 26)	₹391.647 ↑ 0.08 (0.02 %)
Net Assets (Cr)	₹30,074 on 30 Apr 26
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.35
Sharpe Ratio	1.25
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.38%
Effective Maturity	9 Months 4 Days
Modified Duration	9 Months 4 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,361
31 May 23	₹11,057
31 May 24	₹11,890
31 May 25	₹12,847
31 May 26	₹13,585

Aditya Birla Sun Life Money Manager Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Aditya Birla Sun Life Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.8%
1 Year	5.9%
3 Year	7.2%
5 Year	6.4%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.8%
2022	7.4%
2021	4.8%
2020	3.8%
2019	6.6%
2018	8%
2017	7.9%
2016	6.8%
2015	7.7%

Fund Manager information for Aditya Birla Sun Life Money Manager Fund

Name	Since	Tenure
Kaustubh Gupta	15 Jul 11	14.89 Yr.
Anuj Jain	22 Mar 21	5.2 Yr.
Mohit Sharma	1 Apr 17	9.17 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	65.33%
Debt	34.39%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	57.97%
Cash Equivalent	23.8%
Government	17.96%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	5%	₹1,374 Cr	29,000
Axis Bank Ltd. Debentures \| -	3%	₹911 Cr	19,000
Federal Bank Ltd. Debentures \| -	3%	₹899 Cr	19,000
Gujarat State Development Loans Sovereign Bonds \| -	3%	₹798 Cr	79,327,600
Karur Vysya Bank Ltd. Debentures \| -	2%	₹472 Cr	10,000
Tbill Sovereign Bonds \| -	1%	₹392 Cr	40,000,000
7.49% Gujarat Sgs 2026 Sovereign Bonds \| -	1%	₹327 Cr	32,500,000
HDFC Bank Ltd. Debentures \| -	1%	₹293 Cr	6,000 ↓ -2,000
HDFC Bank Ltd. Debentures \| -	1%	₹260 Cr	5,500
National Bank for Agriculture and Rural Development Domestic Bonds \| -	1%	₹259 Cr	5,500

5. Bandhan Money Manager Fund

(Erstwhile IDFC Money Manager Fund - Treasury Plan)

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.

Research Highlights for Bandhan Money Manager Fund

Bottom quartile AUM (₹15,908 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.91% (lower mid).
1M return: 0.48% (bottom quartile).
Sharpe: 1.69 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.12% (bottom quartile).
Modified duration: 0.75 yrs (lower mid).
Average maturity: 0.75 yrs (upper mid).
Exit load: NIL.

Below is the key information for Bandhan Money Manager Fund

Bandhan Money Manager Fund Growth
Launch Date	18 Feb 03
NAV (10 Jun 26)	₹42.6734 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹15,908 on 30 Apr 26
Category	Debt - Money Market
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.58
Sharpe Ratio	1.69
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.12%
Effective Maturity	8 Months 29 Days
Modified Duration	8 Months 29 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,280
31 May 23	₹10,884
31 May 24	₹11,617
31 May 25	₹12,527
31 May 26	₹13,251

Bandhan Money Manager Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Bandhan Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	5.9%
3 Year	6.9%
5 Year	5.9%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.3%
2023	7.2%
2022	6.7%
2021	4%
2020	2.9%
2019	5%
2018	6.7%
2017	6.2%
2016	6%
2015	8.1%

Fund Manager information for Bandhan Money Manager Fund

Name	Since	Tenure
Gautam Kaul	1 Dec 21	4.5 Yr.
Brijesh Shah	12 Jul 21	4.89 Yr.

Data below for Bandhan Money Manager Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	84.67%
Debt	15.11%
Other	0.22%

Debt Sector Allocation

Sector	Value
Corporate	52.18%
Cash Equivalent	26.6%
Government	21%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	6%	₹985 Cr	100,000,000
Day Tbill Sovereign Bonds \| -	2%	₹399 Cr	40,000,000 ↑ 20,000,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	2%	₹329 Cr	35,000,000
Tbill Sovereign Bonds \| -	2%	₹247 Cr	25,000,000
Small Industries Development Bank of India Debentures \| -	1%	₹218 Cr	22,500,000
ICICI Bank Ltd. Debentures \| -	1%	₹188 Cr	20,000,000
Tbill Sovereign Bonds \| -	1%	₹185 Cr	18,500,000
7.08% Karnataka Sdl 2026 Sovereign Bonds \| -	1%	₹106 Cr	10,500,000
Tbill Sovereign Bonds \| -	1%	₹98 Cr	10,000,000
Tbill Sovereign Bonds \| -	1%	₹98 Cr	10,000,000

6. Franklin India Savings Fund

(Erstwhile Franklin India Savings Plus Fund Retail Option)

Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments.

Research Highlights for Franklin India Savings Fund

Bottom quartile AUM (₹4,309 Cr).
Established history (24+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.91% (lower mid).
1M return: 0.51% (top quartile).
Sharpe: 1.53 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.30% (lower mid).
Modified duration: 0.73 yrs (lower mid).
Average maturity: 0.78 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for Franklin India Savings Fund

Franklin India Savings Fund Growth
Launch Date	11 Feb 02
NAV (10 Jun 26)	₹53.1214 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹4,309 on 30 Apr 26
Category	Debt - Money Market
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.3
Sharpe Ratio	1.53
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.3%
Effective Maturity	9 Months 11 Days
Modified Duration	8 Months 23 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,331
31 May 23	₹10,991
31 May 24	₹11,802
31 May 25	₹12,761
31 May 26	₹13,496

Franklin India Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Franklin India Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	5.9%
3 Year	7.2%
5 Year	6.3%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.7%
2022	7.3%
2021	4.4%
2020	3.6%
2019	6%
2018	8.5%
2017	7.5%
2016	7.2%
2015	8.1%

Fund Manager information for Franklin India Savings Fund

Name	Since	Tenure
Rahul Goswami	6 Oct 23	2.65 Yr.
Rohan Maru	10 Oct 24	1.64 Yr.
Chandni Gupta	30 Apr 24	2.09 Yr.

Data below for Franklin India Savings Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	97.01%
Debt	2.76%
Other	0.23%

Debt Sector Allocation

Sector	Value
Corporate	43.44%
Cash Equivalent	42.62%
Government	13.71%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
28/05/2026 Maturing 364 DTB Sovereign Bonds \| -	10%	₹449 Cr	45,000,000 ↑ 45,000,000
Axis Bank Ltd. Debentures \| -	2%	₹96 Cr	2,000
Small Industries Development Bank of India Debentures \| -	1%	₹24 Cr	500
Corporate Debt Market Development Fund Class A2 - \| -	0%	₹11 Cr	8,992
India (Republic of) - \| -	0%	₹7 Cr	700,000 ↑ 700,000
6.88% Westbengal Sdl 2026 Sovereign Bonds \| -	0%	₹5 Cr	500,000
21/05/2026 Maturing 182 DTB Sovereign Bonds \| -	0%	₹1 Cr	100,000
Bajaj Housing Finance Ltd. Commercial Paper \| -	6%	₹284 Cr	6,000
Piramal Finance Limited Commercial Paper \| -	6%	₹255 Cr	5,300
HDFC Bank Ltd Certificate of Deposit \| -	5%	₹236 Cr	5,000

7. HDFC Money Market Fund

(Erstwhile HDFC Cash Management Fund - Savings Plan)

To generate optimal returns while maintaining safety and high liquidity.

Research Highlights for HDFC Money Market Fund

Upper mid AUM (₹29,824 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 5.89% (bottom quartile).
1M return: 0.48% (lower mid).
Sharpe: 1.43 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.33% (upper mid).
Modified duration: 0.67 yrs (top quartile).
Average maturity: 0.72 yrs (top quartile).
Exit load: NIL.

Below is the key information for HDFC Money Market Fund

HDFC Money Market Fund Growth
Launch Date	18 Nov 99
NAV (10 Jun 26)	₹6,051.07 ↑ 1.07 (0.02 %)
Net Assets (Cr)	₹29,824 on 30 Apr 26
Category	Debt - Money Market
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.4
Sharpe Ratio	1.43
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	NIL
Yield to Maturity	7.33%
Effective Maturity	8 Months 18 Days
Modified Duration	7 Months 30 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,357
31 May 23	₹11,033
31 May 24	₹11,852
31 May 25	₹12,804
31 May 26	₹13,538

HDFC Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for HDFC Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	5.9%
3 Year	7.2%
5 Year	6.3%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.7%
2022	7.3%
2021	4.7%
2020	3.8%
2019	6.5%
2018	8.1%
2017	7.4%
2016	6.5%
2015	7.5%

Fund Manager information for HDFC Money Market Fund

Name	Since	Tenure
Praveen Jain	31 Aug 24	1.75 Yr.
Dhruv Muchhal	22 Jun 23	2.94 Yr.

Data below for HDFC Money Market Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	86.26%
Debt	13.43%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	46.5%
Cash Equivalent	35.56%
Government	17.64%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indian Overseas Bank Debentures \| -	3%	₹945 Cr	20,000
Punjab & Sind Bank Debentures \| -	2%	₹614 Cr	13,000
Tbill Sovereign Bonds \| -	2%	₹494 Cr	50,000,000
Tbill Sovereign Bonds \| -	1%	₹443 Cr	45,000,000 ↑ 25,000,000
Bank of India Ltd. Debentures \| -	1%	₹426 Cr	9,000
Tbill Sovereign Bonds \| -	1%	₹425 Cr	43,000,000
Tbill Sovereign Bonds \| -	1%	₹378 Cr	38,500,000
India (Republic of) - \| -	1%	₹349 Cr	35,000,000
06/08/2026 Maturing 182 DTB Sovereign Bonds \| -	1%	₹296 Cr	30,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹283 Cr	6,000

8. Nippon India Money Market Fund

(Erstwhile Reliance Liquidity Fund)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Research Highlights for Nippon India Money Market Fund

Lower mid AUM (₹21,421 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 5.89% (bottom quartile).
1M return: 0.48% (lower mid).
Sharpe: 1.31 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.32% (lower mid).
Modified duration: 0.73 yrs (upper mid).
Average maturity: 0.78 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund Growth
Launch Date	16 Jun 05
NAV (10 Jun 26)	₹4,393.71 ↑ 0.89 (0.02 %)
Net Assets (Cr)	₹21,421 on 30 Apr 26
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.39
Sharpe Ratio	1.31
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.32%
Effective Maturity	9 Months 12 Days
Modified Duration	8 Months 22 Days

Growth of 10,000 investment over the years.

Date	Value
31 May 21	₹10,000
31 May 22	₹10,373
31 May 23	₹11,065
31 May 24	₹11,896
31 May 25	₹12,858
31 May 26	₹13,597

Nippon India Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.8%
1 Year	5.9%
3 Year	7.2%
5 Year	6.4%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.8%
2022	7.4%
2021	5%
2020	3.8%
2019	6%
2018	8.1%
2017	7.9%
2016	6.6%
2015	7.6%

Fund Manager information for Nippon India Money Market Fund

Name	Since	Tenure
Kinjal Desai	16 Jul 18	7.88 Yr.
Vikash Agarwal	14 Sep 24	1.71 Yr.
Amber Singhania	11 Mar 26	0.22 Yr.

Data below for Nippon India Money Market Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	80.02%
Debt	19.7%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	51.62%
Cash Equivalent	26.53%
Government	21.57%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹739 Cr	75,000,000
Tbill Sovereign Bonds \| -	2%	₹492 Cr	50,000,000
UCO Bank Domestic Bonds \| -	2%	₹472 Cr	10,000
Tbill Sovereign Bonds \| -	2%	₹443 Cr	45,000,000
HDFC Bank Ltd. Debentures \| -	1%	₹284 Cr	6,000
Tbill Sovereign Bonds \| -	1%	₹256 Cr	26,000,000
Punjab & Sind Bank Debentures \| -	1%	₹235 Cr	5,000
India (Republic of) - \| -	1%	₹196 Cr	20,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹189 Cr	4,000
Tbill Sovereign Bonds \| -	1%	₹147 Cr	15,000,000

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.