Best Money Market Mutual Funds 2026

Updated on October 25, 2026 , 44420 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 (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Savings Fund Growth	₹54.484 ↑ 0.02	₹3,887	0.4	1.5	3.2	6.3	7.4	6.95%	3M 4D	4M 10D
UTI Money Market Fund Growth	₹3,349.18 ↑ 1.11	₹16,039	0.4	1.5	3.2	6.2	7.5	6.98%	4M 16D	4M 16D
Aditya Birla Sun Life Money Manager Fund Growth	₹401.697 ↑ 0.14	₹26,943	0.4	1.5	3.2	6.2	7.4	7.07%	4M 17D	4M 17D
Bandhan Money Manager Fund Growth	₹43.734 ↑ 0.01	₹13,129	0.4	1.5	3.1	6.2	7.3	6.79%	4M 10D	4M 10D
ICICI Prudential Money Market Fund Growth	₹411.874 ↑ 0.13	₹31,010	0.4	1.5	3.1	6.2	7.4	6.93%	4M 1D	4M 10D
Tata Money Market Fund Growth	₹5,124.7 ↑ 1.53	₹31,690	0.4	1.4	3.1	6.2	7.4	6.74%	4M 29D	4M 29D
Kotak Money Market Scheme Growth	₹4,873.34 ↑ 1.64	₹27,513	0.4	1.4	3.1	6.2	7.4	6.85%	5M 5D	5M 5D
HDFC Money Market Fund Growth	₹6,200.45 ↑ 2.10	₹27,624	0.3	1.4	3.1	6.2	7.4	7.06%	4M 21D	5M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Oct 26

Research Highlights & Commentary of 8 Funds showcased

Commentary	Franklin India Savings Fund	UTI Money Market Fund	Aditya Birla Sun Life Money Manager Fund	Bandhan Money Manager Fund	ICICI Prudential Money Market Fund	Tata Money Market Fund	Kotak Money Market Scheme	HDFC Money Market Fund
Point 1	Bottom quartile AUM (₹3,887 Cr).	Lower mid AUM (₹16,039 Cr).	Lower mid AUM (₹26,943 Cr).	Bottom quartile AUM (₹13,129 Cr).	Top quartile AUM (₹31,010 Cr).	Highest AUM (₹31,690 Cr).	Upper mid AUM (₹27,513 Cr).	Upper mid AUM (₹27,624 Cr).
Point 2	Established history (24+ yrs).	Established history (17+ yrs).	Established history (21+ yrs).	Established history (23+ yrs).	Established history (20+ yrs).	Established history (23+ yrs).	Established history (23+ yrs).	Oldest track record among peers (26 yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 4★ (top quartile).	Top rated.	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.28% (top quartile).	1Y return: 6.24% (top quartile).	1Y return: 6.21% (upper mid).	1Y return: 6.20% (upper mid).	1Y return: 6.19% (lower mid).	1Y return: 6.19% (lower mid).	1Y return: 6.19% (bottom quartile).	1Y return: 6.16% (bottom quartile).
Point 6	1M return: 0.42% (top quartile).	1M return: 0.37% (upper mid).	1M return: 0.36% (bottom quartile).	1M return: 0.37% (upper mid).	1M return: 0.37% (top quartile).	1M return: 0.36% (lower mid).	1M return: 0.37% (lower mid).	1M return: 0.35% (bottom quartile).
Point 7	Sharpe: 1.01 (top quartile).	Sharpe: 1.00 (upper mid).	Sharpe: 0.88 (bottom quartile).	Sharpe: 1.01 (upper mid).	Sharpe: 0.91 (bottom quartile).	Sharpe: 1.01 (top quartile).	Sharpe: 0.93 (lower mid).	Sharpe: 0.92 (lower mid).
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): 6.95% (upper mid).	Yield to maturity (debt): 6.98% (upper mid).	Yield to maturity (debt): 7.07% (top quartile).	Yield to maturity (debt): 6.79% (bottom quartile).	Yield to maturity (debt): 6.93% (lower mid).	Yield to maturity (debt): 6.74% (bottom quartile).	Yield to maturity (debt): 6.85% (lower mid).	Yield to maturity (debt): 7.06% (top quartile).
Point 10	Modified duration: 0.26 yrs (top quartile).	Modified duration: 0.38 yrs (upper mid).	Modified duration: 0.38 yrs (lower mid).	Modified duration: 0.36 yrs (upper mid).	Modified duration: 0.34 yrs (top quartile).	Modified duration: 0.41 yrs (bottom quartile).	Modified duration: 0.43 yrs (bottom quartile).	Modified duration: 0.39 yrs (lower mid).

Franklin India Savings Fund

Bottom quartile AUM (₹3,887 Cr).
Established history (24+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.28% (top quartile).
1M return: 0.42% (top quartile).
Sharpe: 1.01 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.95% (upper mid).
Modified duration: 0.26 yrs (top quartile).

UTI Money Market Fund

Lower mid AUM (₹16,039 Cr).
Established history (17+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.24% (top quartile).
1M return: 0.37% (upper mid).
Sharpe: 1.00 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.98% (upper mid).
Modified duration: 0.38 yrs (upper mid).

Aditya Birla Sun Life Money Manager Fund

Lower mid AUM (₹26,943 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.21% (upper mid).
1M return: 0.36% (bottom quartile).
Sharpe: 0.88 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.07% (top quartile).
Modified duration: 0.38 yrs (lower mid).

Bandhan Money Manager Fund

Bottom quartile AUM (₹13,129 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.20% (upper mid).
1M return: 0.37% (upper mid).
Sharpe: 1.01 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.79% (bottom quartile).
Modified duration: 0.36 yrs (upper mid).

ICICI Prudential Money Market Fund

Top quartile AUM (₹31,010 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (lower mid).
1M return: 0.37% (top quartile).
Sharpe: 0.91 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.93% (lower mid).
Modified duration: 0.34 yrs (top quartile).

Tata Money Market Fund

Highest AUM (₹31,690 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.19% (lower mid).
1M return: 0.36% (lower mid).
Sharpe: 1.01 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.74% (bottom quartile).
Modified duration: 0.41 yrs (bottom quartile).

Kotak Money Market Scheme

Upper mid AUM (₹27,513 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (bottom quartile).
1M return: 0.37% (lower mid).
Sharpe: 0.93 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.85% (lower mid).
Modified duration: 0.43 yrs (bottom quartile).

HDFC Money Market Fund

Upper mid AUM (₹27,624 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.16% (bottom quartile).
1M return: 0.35% (bottom quartile).
Sharpe: 0.92 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.06% (top quartile).
Modified duration: 0.39 yrs (lower 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.

Who We Are

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MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
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. 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 (₹3,887 Cr).
Established history (24+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.28% (top quartile).
1M return: 0.42% (top quartile).
Sharpe: 1.01 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.95% (upper mid).
Modified duration: 0.26 yrs (top quartile).
Average maturity: 0.36 yrs (top quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~92%).
High-quality debt (AAA/AA ~100%).
Largest holding Call, Cash & Other Assets (~15.4%).

Below is the key information for Franklin India Savings Fund

Franklin India Savings Fund Growth
Launch Date	11 Feb 02
NAV (27 Oct 26)	₹54.484 ↑ 0.02 (0.03 %)
Net Assets (Cr)	₹3,887 on 30 Sep 26
Category	Debt - Money Market
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.3
Sharpe Ratio	1.01
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.95%
Effective Maturity	4 Months 10 Days
Modified Duration	3 Months 4 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,369
30 Sep 23	₹11,106
30 Sep 24	₹11,948
30 Sep 25	₹12,874
30 Sep 26	₹13,696

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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.2%
1 Year	6.3%
3 Year	7.2%
5 Year	6.5%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.7%
2023	7.3%
2022	4.4%
2021	3.6%
2020	6%
2019	8.5%
2018	7.5%
2017	7.2%
2016	8.1%

Fund Manager information for Franklin India Savings Fund

Name	Since	Tenure
Rahul Goswami	6 Oct 23	2.99 Yr.
Rohan Maru	10 Oct 24	1.97 Yr.
Chandni Gupta	30 Apr 24	2.42 Yr.

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

Asset Allocation

Asset Class	Value
Cash	92.31%
Debt	7.42%
Other	0.27%

Debt Sector Allocation

Sector	Value
Cash Equivalent	54.83%
Corporate	26.17%
Government	18.74%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.67% Uttarpradesh Sdl 2027 Sovereign Bonds \| -	5%	₹196 Cr	19,500,000
Canara Bank Domestic Bonds \| -	2%	₹98 Cr	2,000
Corporate Debt Market Development Fund Class A2 - \| -	0%	₹11 Cr	9,359
7.78% Telangana Sdl 2027 Sovereign Bonds \| -	0%	₹10 Cr	1,000,000
6.88% Westbengal Sdl 2026 Sovereign Bonds \| -	0%	₹5 Cr	500,000
7.14% Punjab SDL 2027 Sovereign Bonds \| -	0%	₹5 Cr	500,000
7.88% Punjab SDL 2027 Sovereign Bonds \| -	0%	₹5 Cr	500,000
Call, Cash & Other Assets Net Current Assets \| -	15%	₹653 Cr
Bajaj Housing Finance Limited Commercial Paper \| -	7%	₹293 Cr	6,000
Piramal Finance Limited Commercial Paper \| -	6%	₹264 Cr	5,300

2. 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 (₹16,039 Cr).
Established history (17+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.24% (top quartile).
1M return: 0.37% (upper mid).
Sharpe: 1.00 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.98% (upper mid).
Modified duration: 0.38 yrs (upper mid).
Average maturity: 0.38 yrs (upper mid).
Exit load: NIL.
Top sector: Real Estate.
Top bond sector: Corporate.
Conservative stance with elevated cash (~87%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~2.8%).

Below is the key information for UTI Money Market Fund

UTI Money Market Fund Growth
Launch Date	13 Jul 09
NAV (27 Oct 26)	₹3,349.18 ↑ 1.11 (0.03 %)
Net Assets (Cr)	₹16,039 on 30 Sep 26
Category	Debt - Money Market
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	1
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.98%
Effective Maturity	4 Months 16 Days
Modified Duration	4 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,414
30 Sep 23	₹11,178
30 Sep 24	₹12,035
30 Sep 25	₹12,973
30 Sep 26	₹13,806

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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.2%
1 Year	6.2%
3 Year	7.2%
5 Year	6.7%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.5%
2024	7.7%
2023	7.4%
2022	4.9%
2021	3.7%
2020	6%
2019	8%
2018	7.8%
2017	6.7%
2016	7.7%

Fund Manager information for UTI Money Market Fund

Name	Since	Tenure
Anurag Mittal	1 Dec 21	4.84 Yr.
Amit Sharma	7 Jul 17	9.24 Yr.

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

Asset Allocation

Asset Class	Value
Cash	86.9%
Debt	12.77%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	45.07%
Cash Equivalent	38.45%
Government	16.15%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹491 Cr	5,000,000,000
India (Republic of) - \| -	2%	₹343 Cr	3,500,000,000
UCO Bank Domestic Bonds \| -	1%	₹238 Cr	2,500,000,000
HDFC Bank Ltd. Debentures \| -	1%	₹195 Cr	2,000,000,000
Indian Overseas Bank Debentures \| -	1%	₹195 Cr	2,000,000,000
Punjab & Sind Bank Debentures \| -	1%	₹170 Cr	1,750,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹140 Cr	1,500,000,000
Axis Bank Ltd. Debentures \| -	1%	₹98 Cr	1,000,000,000
Ujjivan Small Finance Bank Limited Debentures \| -	1%	₹97 Cr	1,000,000,000
Axis Bank Ltd. Debentures \| -	1%	₹97 Cr	1,000,000,000

3. 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

Lower mid AUM (₹26,943 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.21% (upper mid).
1M return: 0.36% (bottom quartile).
Sharpe: 0.88 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.07% (top quartile).
Modified duration: 0.38 yrs (lower mid).
Average maturity: 0.38 yrs (lower mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~73%).
High-quality debt (AAA/AA ~100%).
Largest holding Indusind Bank Ltd. (~5.1%).

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 (27 Oct 26)	₹401.697 ↑ 0.14 (0.03 %)
Net Assets (Cr)	₹26,943 on 30 Sep 26
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.36
Sharpe Ratio	0.88
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.07%
Effective Maturity	4 Months 17 Days
Modified Duration	4 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,406
30 Sep 23	₹11,170
30 Sep 24	₹12,033
30 Sep 25	₹12,961
30 Sep 26	₹13,790

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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.2%
1 Year	6.2%
3 Year	7.2%
5 Year	6.7%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.8%
2023	7.4%
2022	4.8%
2021	3.8%
2020	6.6%
2019	8%
2018	7.9%
2017	6.8%
2016	7.7%

Fund Manager information for Aditya Birla Sun Life Money Manager Fund

Name	Since	Tenure
Kaustubh Gupta	15 Jul 11	15.22 Yr.
Anuj Jain	22 Mar 21	5.53 Yr.
Mohit Sharma	1 Apr 17	9.51 Yr.

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

Asset Allocation

Asset Class	Value
Cash	73.31%
Debt	26.69%

Debt Sector Allocation

Sector	Value
Corporate	46.81%
Cash Equivalent	37.26%
Government	15.94%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	5%	₹1,396 Cr	28,500
The Jammu And Kashmir Bank Limited Debentures \| -	4%	₹974 Cr	20,000
Federal Bank Ltd. Debentures \| -	3%	₹927 Cr	19,000
Gujarat State Development Loans Sovereign Bonds \| -	3%	₹794 Cr	79,327,600
Karur Vysya Bank Ltd. Debentures \| -	2%	₹487 Cr	10,000
The Jammu And Kashmir Bank Limited Debentures \| -	2%	₹487 Cr	10,000
India (Republic of) - \| -	1%	₹370 Cr	37,000,000
India (Republic of) - \| -	1%	₹348 Cr	35,000,000
India (Republic of) - \| -	1%	₹274 Cr	27,500,000
Tbill Sovereign Bonds \| -	1%	₹249 Cr	25,000,000

4. 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 (₹13,129 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.20% (upper mid).
1M return: 0.37% (upper mid).
Sharpe: 1.01 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.79% (bottom quartile).
Modified duration: 0.36 yrs (upper mid).
Average maturity: 0.36 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~88%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd. (~4.2%).

Below is the key information for Bandhan Money Manager Fund

Bandhan Money Manager Fund Growth
Launch Date	18 Feb 03
NAV (27 Oct 26)	₹43.734 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹13,129 on 30 Sep 26
Category	Debt - Money Market
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.35
Sharpe Ratio	1.01
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.79%
Effective Maturity	4 Months 10 Days
Modified Duration	4 Months 10 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,330
30 Sep 23	₹11,005
30 Sep 24	₹11,773
30 Sep 25	₹12,669
30 Sep 26	₹13,475

Bandhan 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 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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.1%
1 Year	6.2%
3 Year	6.9%
5 Year	6.2%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.3%
2024	7.2%
2023	6.7%
2022	4%
2021	2.9%
2020	5%
2019	6.7%
2018	6.2%
2017	6%
2016	8.1%

Fund Manager information for Bandhan Money Manager Fund

Name	Since	Tenure
Gautam Kaul	1 Dec 21	4.83 Yr.
Brijesh Shah	12 Jul 21	5.22 Yr.

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

Asset Allocation

Asset Class	Value
Cash	88.36%
Debt	11.35%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	46.78%
Cash Equivalent	42.73%
Government	10.2%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd. Debentures \| -	4%	₹586 Cr	60,000,000
Axis Bank Ltd. Debentures \| -	2%	₹236 Cr	24,200,000
ICICI Bank Ltd. Debentures \| -	1%	₹194 Cr	20,000,000
5.74% Govt Stock 2026 Sovereign Bonds \| -	1%	₹173 Cr	17,292,500 ↓ -5,000,000
7.78% Bihar Sdl 2027 Sovereign Bonds \| -	1%	₹109 Cr	10,900,000
Axis Bank Ltd. Debentures \| -	1%	₹97 Cr	10,000,000
Gs12dec2026c Sovereign Bonds \| -	1%	₹93 Cr	9,367,500
Union Bank of India Debentures \| -	1%	₹73 Cr	7,500,000
7.59% Haryana Sdl 2027 Sovereign Bonds \| -	0%	₹65 Cr	6,500,000
7.12% Bihar Sdl 2027 Sovereign Bonds \| -	0%	₹55 Cr	5,500,000

5. ICICI Prudential Money Market Fund

The objective of the Plan will be to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

Research Highlights for ICICI Prudential Money Market Fund

Top quartile AUM (₹31,010 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (lower mid).
1M return: 0.37% (top quartile).
Sharpe: 0.91 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.93% (lower mid).
Modified duration: 0.34 yrs (top quartile).
Average maturity: 0.36 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~3.7%).

Below is the key information for ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund Growth
Launch Date	9 Mar 06
NAV (27 Oct 26)	₹411.874 ↑ 0.13 (0.03 %)
Net Assets (Cr)	₹31,010 on 30 Sep 26
Category	Debt - Money Market
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.34
Sharpe Ratio	0.91
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.93%
Effective Maturity	4 Months 10 Days
Modified Duration	4 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,396
30 Sep 23	₹11,152
30 Sep 24	₹12,006
30 Sep 25	₹12,935
30 Sep 26	₹13,757

ICICI Prudential 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 ICICI Prudential 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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.1%
1 Year	6.2%
3 Year	7.2%
5 Year	6.6%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.7%
2023	7.4%
2022	4.7%
2021	3.7%
2020	6.2%
2019	7.9%
2018	7.7%
2017	6.7%
2016	7.7%

Fund Manager information for ICICI Prudential Money Market Fund

Name	Since	Tenure
Manish Banthia	12 Jun 23	3.31 Yr.
Nikhil Kabra	3 Aug 16	10.17 Yr.

Data below for ICICI Prudential Money Market Fund as on 30 Sep 26

Asset Allocation

Asset Class	Value
Cash	94.58%
Debt	5.13%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	43.5%
Cash Equivalent	33.71%
Government	22.5%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹1,238 Cr	125,000,000
India (Republic of) - \| -	2%	₹609 Cr	61,000,000 ↓ -2,500,000
Bank of India Ltd. Debentures \| -	1%	₹439 Cr	9,000
India (Republic of) - \| -	1%	₹396 Cr	40,000,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	1%	₹388 Cr	8,000
India (Republic of) - \| -	1%	₹374 Cr	37,993,100
India (Republic of) - \| -	1%	₹338 Cr	34,000,000
India (Republic of) - \| -	1%	₹311 Cr	31,500,000
India (Republic of) - \| -	1%	₹249 Cr	25,000,000
India (Republic of) - \| -	1%	₹199 Cr	20,000,000

6. 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 (₹31,690 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.19% (lower mid).
1M return: 0.36% (lower mid).
Sharpe: 1.01 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.74% (bottom quartile).
Modified duration: 0.41 yrs (bottom quartile).
Average maturity: 0.42 yrs (lower mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~77%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~3.1%).

Below is the key information for Tata Money Market Fund

Tata Money Market Fund Growth
Launch Date	22 May 03
NAV (27 Oct 26)	₹5,124.7 ↑ 1.53 (0.03 %)
Net Assets (Cr)	₹31,690 on 30 Sep 26
Category	Debt - Money Market
AMC	Tata Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.44
Sharpe Ratio	1.01
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.74%
Effective Maturity	4 Months 29 Days
Modified Duration	4 Months 29 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,403
30 Sep 23	₹11,158
30 Sep 24	₹12,016
30 Sep 25	₹12,944
30 Sep 26	₹13,768

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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.4%
6 Month	3.1%
1 Year	6.2%
3 Year	7.2%
5 Year	6.6%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.7%
2023	7.4%
2022	4.8%
2021	3.9%
2020	6.4%
2019	8.1%
2018	-0.1%
2017	6.7%
2016	7.6%

Fund Manager information for Tata Money Market Fund

Name	Since	Tenure
Amit Somani	16 Oct 13	12.97 Yr.
Harsh Dave	1 Jun 26	0.33 Yr.

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

Asset Allocation

Asset Class	Value
Cash	76.96%
Debt	22.74%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	39.03%
Cash Equivalent	38.65%
Government	22.02%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹1,027 Cr	105,000,000 ↓ -5,000,000
IDFC First Bank Ltd. Debentures \| -	2%	₹737 Cr	15,000
The Jammu And Kashmir Bank Limited Debentures \| -	2%	₹730 Cr	15,000
India (Republic of) - \| -	2%	₹689 Cr	70,000,000 ↓ -15,000,000
Indian Overseas Bank Debentures \| -	2%	₹682 Cr	14,000
India (Republic of) - \| -	2%	₹618 Cr	63,000,000 ↑ 63,000,000
Axis Bank Ltd. Debentures \| -	2%	₹614 Cr	12,600
Equitas Small Finance Bank Ltd. Debentures \| -	2%	₹583 Cr	12,000
7.86% Karnataka Sdl 2027 Sovereign Bonds \| -	2%	₹538 Cr	53,500,000
India (Republic of) - \| -	1%	₹312 Cr	31,500,000

7. 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

Upper mid AUM (₹27,513 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (bottom quartile).
1M return: 0.37% (lower mid).
Sharpe: 0.93 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.85% (lower mid).
Modified duration: 0.43 yrs (bottom quartile).
Average maturity: 0.43 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~76%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~4.4%).

Below is the key information for Kotak Money Market Scheme

Kotak Money Market Scheme Growth
Launch Date	14 Jul 03
NAV (27 Oct 26)	₹4,873.34 ↑ 1.64 (0.03 %)
Net Assets (Cr)	₹27,513 on 30 Sep 26
Category	Debt - Money Market
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.36
Sharpe Ratio	0.93
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.85%
Effective Maturity	5 Months 5 Days
Modified Duration	5 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,412
30 Sep 23	₹11,161
30 Sep 24	₹12,015
30 Sep 25	₹12,940
30 Sep 26	₹13,763

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 27 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.4%
6 Month	3.1%
1 Year	6.2%
3 Year	7.2%
5 Year	6.6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.7%
2023	7.3%
2022	4.9%
2021	3.7%
2020	5.7%
2019	8%
2018	7.7%
2017	6.7%
2016	7.7%

Fund Manager information for Kotak Money Market Scheme

Name	Since	Tenure
Deepak Agrawal	7 Aug 26	0.15 Yr.
Manu Sharma	7 Aug 26	0.15 Yr.

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

Asset Allocation

Asset Class	Value
Cash	76.41%
Debt	23.25%
Other	0.34%

Debt Sector Allocation

Sector	Value
Corporate	42.5%
Cash Equivalent	31.37%
Government	25.78%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹1,228 Cr	125,000,000
India (Republic of) - \| -	3%	₹858 Cr	87,484,400
Indusind Bank Ltd. Debentures \| -	3%	₹735 Cr	75,000
India (Republic of) - \| -	2%	₹492 Cr	50,000,000
Punjab National Bank Debentures \| -	2%	₹490 Cr	50,000
Federal Bank Ltd. Debentures \| -	1%	₹368 Cr	37,500
India (Republic of) - \| -	1%	₹339 Cr	34,500,000
182 Days Treasury Bill 25/03/2027 Tb Sovereign Bonds \| -	1%	₹292 Cr	30,000,000
Small Industries Development Bank of India Debentures \| -	1%	₹281 Cr	30,000
Karur Vysya Bank Ltd. Debentures \| -	1%	₹244 Cr	25,000

8. 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 (₹27,624 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.16% (bottom quartile).
1M return: 0.35% (bottom quartile).
Sharpe: 0.92 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.06% (top quartile).
Modified duration: 0.39 yrs (lower mid).
Average maturity: 0.42 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Corporate.
Conservative stance with elevated cash (~74%).
High-quality debt (AAA/AA ~100%).
Largest holding Indian Overseas Bank (~3.4%).

Below is the key information for HDFC Money Market Fund

HDFC Money Market Fund Growth
Launch Date	18 Nov 99
NAV (27 Oct 26)	₹6,200.45 ↑ 2.10 (0.03 %)
Net Assets (Cr)	₹27,624 on 30 Sep 26
Category	Debt - Money Market
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.4
Sharpe Ratio	0.92
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	NIL
Yield to Maturity	7.06%
Effective Maturity	5 Months 2 Days
Modified Duration	4 Months 21 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,399
30 Sep 23	₹11,148
30 Sep 24	₹11,993
30 Sep 25	₹12,914
30 Sep 26	₹13,733

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 27 Oct 26

Duration	Returns
1 Month	0.3%
3 Month	1.4%
6 Month	3.1%
1 Year	6.2%
3 Year	7.1%
5 Year	6.6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.7%
2023	7.3%
2022	4.7%
2021	3.8%
2020	6.5%
2019	8.1%
2018	7.4%
2017	6.5%
2016	7.5%

Fund Manager information for HDFC Money Market Fund

Name	Since	Tenure
Praveen Jain	31 Aug 24	2.08 Yr.
Dhruv Muchhal	22 Jun 23	3.28 Yr.

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

Asset Allocation

Asset Class	Value
Cash	74.41%
Debt	25.27%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	39.94%
Cash Equivalent	35.91%
Government	23.82%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indian Overseas Bank Debentures \| -	3%	₹976 Cr	20,000
India (Republic of) - \| -	2%	₹689 Cr	70,000,000
India (Republic of) - \| -	2%	₹688 Cr	70,000,000
India (Republic of) - \| -	2%	₹687 Cr	70,000,000 ↑ 70,000,000
Punjab & Sind Bank Debentures \| -	2%	₹634 Cr	13,000
Bank of India Ltd. Debentures \| -	2%	₹439 Cr	9,000
India (Republic of) - \| -	1%	₹394 Cr	40,000,000 ↑ 15,000,000
India (Republic of) - \| -	1%	₹329 Cr	33,600,000
India (Republic of) - \| -	1%	₹297 Cr	30,000,000 ↓ -20,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹293 Cr	6,000

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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.