Best Money Market Mutual Funds 2026

Updated on April 13, 2026 , 43858 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	₹3,243.11 ↑ 2.29	₹20,320	0.9	1.7	3.1	6.6	7.5	6.03%	7M	7M
Tata Money Market Fund Growth	₹4,965.1 ↑ 3.63	₹33,999	0.9	1.7	3.1	6.6	7.4	6.64%	6D	6D
ICICI Prudential Money Market Fund Growth	₹399.009 ↑ 0.29	₹32,236	0.8	1.7	3.1	6.6	7.4	6.77%	7M 21D	8M 9D
Aditya Birla Sun Life Money Manager Fund Growth	₹388.997 ↑ 0.26	₹30,778	0.9	1.7	3	6.6	7.4	7.02%	7M 17D	7M 20D
Nippon India Money Market Fund Growth	₹4,363.24 ↑ 3.15	₹21,876	0.9	1.7	3	6.6	7.4	6.89%	7M 21D	8M 8D
Kotak Money Market Scheme Growth	₹4,721.62 ↑ 3.34	₹33,661	0.9	1.7	3.1	6.6	7.4	6.84%	7M 24D	7M 24D
HDFC Money Market Fund Growth	₹6,009.63 ↑ 4.14	₹33,094	0.9	1.7	3.1	6.6	7.4	6.87%	6M 29D	7M 15D
Bandhan Money Manager Fund Growth	₹42.3793 ↑ 0.03	₹14,805	0.9	1.7	3.1	6.6	7.3	6.63%	7M 19D	7M 20D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Apr 26

Research Highlights & Commentary of 8 Funds showcased

Commentary	UTI Money Market Fund	Tata Money Market Fund	ICICI Prudential Money Market Fund	Aditya Birla Sun Life Money Manager Fund	Nippon India Money Market Fund	Kotak Money Market Scheme	HDFC Money Market Fund	Bandhan Money Manager Fund
Point 1	Bottom quartile AUM (₹20,320 Cr).	Highest AUM (₹33,999 Cr).	Upper mid AUM (₹32,236 Cr).	Lower mid AUM (₹30,778 Cr).	Lower mid AUM (₹21,876 Cr).	Top quartile AUM (₹33,661 Cr).	Upper mid AUM (₹33,094 Cr).	Bottom quartile AUM (₹14,805 Cr).
Point 2	Established history (16+ yrs).	Established history (22+ yrs).	Established history (20+ yrs).	Established history (20+ yrs).	Established history (20+ yrs).	Established history (22+ yrs).	Oldest track record among peers (26 yrs).	Established history (23+ yrs).
Point 3	Rating: 4★ (top quartile).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 4★ (upper 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: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 6.61% (top quartile).	1Y return: 6.58% (top quartile).	1Y return: 6.58% (upper mid).	1Y return: 6.58% (upper mid).	1Y return: 6.57% (lower mid).	1Y return: 6.57% (lower mid).	1Y return: 6.57% (bottom quartile).	1Y return: 6.56% (bottom quartile).
Point 6	1M return: 0.86% (lower mid).	1M return: 0.87% (upper mid).	1M return: 0.84% (bottom quartile).	1M return: 0.88% (top quartile).	1M return: 0.86% (upper mid).	1M return: 0.85% (bottom quartile).	1M return: 0.87% (top quartile).	1M return: 0.86% (lower mid).
Point 7	Sharpe: 2.45 (upper mid).	Sharpe: 2.38 (upper mid).	Sharpe: 2.51 (top quartile).	Sharpe: 2.09 (bottom quartile).	Sharpe: 2.28 (bottom quartile).	Sharpe: 2.32 (lower mid).	Sharpe: 2.32 (lower mid).	Sharpe: 2.54 (top 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): 6.03% (bottom quartile).	Yield to maturity (debt): 6.64% (lower mid).	Yield to maturity (debt): 6.77% (lower mid).	Yield to maturity (debt): 7.02% (top quartile).	Yield to maturity (debt): 6.89% (top quartile).	Yield to maturity (debt): 6.84% (upper mid).	Yield to maturity (debt): 6.87% (upper mid).	Yield to maturity (debt): 6.63% (bottom quartile).
Point 10	Modified duration: 0.58 yrs (upper mid).	Modified duration: 0.02 yrs (top quartile).	Modified duration: 0.64 yrs (bottom quartile).	Modified duration: 0.63 yrs (upper mid).	Modified duration: 0.64 yrs (lower mid).	Modified duration: 0.65 yrs (bottom quartile).	Modified duration: 0.58 yrs (top quartile).	Modified duration: 0.64 yrs (lower mid).

UTI Money Market Fund

Bottom quartile AUM (₹20,320 Cr).
Established history (16+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.61% (top quartile).
1M return: 0.86% (lower mid).
Sharpe: 2.45 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.58 yrs (upper mid).

Tata Money Market Fund

Highest AUM (₹33,999 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.58% (top quartile).
1M return: 0.87% (upper mid).
Sharpe: 2.38 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.64% (lower mid).
Modified duration: 0.02 yrs (top quartile).

ICICI Prudential Money Market Fund

Upper mid AUM (₹32,236 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.58% (upper mid).
1M return: 0.84% (bottom quartile).
Sharpe: 2.51 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.77% (lower mid).
Modified duration: 0.64 yrs (bottom quartile).

Aditya Birla Sun Life Money Manager Fund

Lower mid AUM (₹30,778 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.58% (upper mid).
1M return: 0.88% (top quartile).
Sharpe: 2.09 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.02% (top quartile).
Modified duration: 0.63 yrs (upper mid).

Nippon India Money Market Fund

Lower mid AUM (₹21,876 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.57% (lower mid).
1M return: 0.86% (upper mid).
Sharpe: 2.28 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.89% (top quartile).
Modified duration: 0.64 yrs (lower mid).

Kotak Money Market Scheme

Top quartile AUM (₹33,661 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.57% (lower mid).
1M return: 0.85% (bottom quartile).
Sharpe: 2.32 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.84% (upper mid).
Modified duration: 0.65 yrs (bottom quartile).

HDFC Money Market Fund

Upper mid AUM (₹33,094 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.57% (bottom quartile).
1M return: 0.87% (top quartile).
Sharpe: 2.32 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.87% (upper mid).
Modified duration: 0.58 yrs (top quartile).

Bandhan Money Manager Fund

Bottom quartile AUM (₹14,805 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.56% (bottom quartile).
1M return: 0.86% (lower mid).
Sharpe: 2.54 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.63% (bottom quartile).
Modified duration: 0.64 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. 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

Bottom quartile AUM (₹20,320 Cr).
Established history (16+ yrs).
Rating: 4★ (top quartile).
Risk profile: Low.
1Y return: 6.61% (top quartile).
1M return: 0.86% (lower mid).
Sharpe: 2.45 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.58 yrs (upper mid).
Average maturity: 0.58 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 (15 Apr 26)	₹3,243.11 ↑ 2.29 (0.07 %)
Net Assets (Cr)	₹20,320 on 28 Feb 26
Category	Debt - Money Market
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	2.45
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.03%
Effective Maturity	7 Months
Modified Duration	7 Months

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,390
31 Mar 23	₹10,983
31 Mar 24	₹11,818
31 Mar 25	₹12,737
31 Mar 26	₹13,581

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7.4%
5 Year	6.4%
10 Year
15 Year
Since launch	7.3%

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	4.33 Yr.
Amit Sharma	7 Jul 17	8.74 Yr.

Data below for UTI Money Market Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	78.09%
Debt	21.6%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	50.04%
Cash Equivalent	35.68%
Government	13.97%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	3%	₹494 Cr	5,000,000,000
National Bank for Financing Infrastructure & Development Domestic Bonds \| -	3%	₹469 Cr	5,000,000,000
HDFC Bank Ltd. Debentures \| -	3%	₹468 Cr	5,000,000,000
5.74% Gs 2026 Sovereign Bonds \| -	2%	₹280 Cr	2,800,000,000 ↑ 2,800,000,000
Bank Of Maharashtra Domestic Bonds \| -	1%	₹213 Cr	2,250,000,000
Kotak Mahindra Bank Ltd. Debentures \| -	1%	₹211 Cr	2,250,000,000
HDFC Bank Ltd. Debentures \| -	1%	₹193 Cr	2,000,000,000 ↑ 2,000,000,000
Indian Bank Domestic Bonds \| -	1%	₹192 Cr	2,000,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹189 Cr	2,000,000,000
Indusind Bank Ltd. Debentures \| -	1%	₹188 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 (₹33,999 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.58% (top quartile).
1M return: 0.87% (upper mid).
Sharpe: 2.38 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.64% (lower mid).
Modified duration: 0.02 yrs (top quartile).
Average maturity: 0.02 yrs (top quartile).
Exit load: NIL.

Below is the key information for Tata Money Market Fund

Tata Money Market Fund Growth
Launch Date	22 May 03
NAV (15 Apr 26)	₹4,965.1 ↑ 3.63 (0.07 %)
Net Assets (Cr)	₹33,999 on 15 Mar 26
Category	Debt - Money Market
AMC	Tata Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.44
Sharpe Ratio	2.38
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.64%
Effective Maturity	6 Days
Modified Duration	6 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,401
31 Mar 23	₹10,979
31 Mar 24	₹11,815
31 Mar 25	₹12,727
31 Mar 26	₹13,564

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7.4%
5 Year	6.4%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.7%
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	12.46 Yr.

Data below for Tata Money Market Fund as on 15 Mar 26

Asset Allocation

Asset Class	Value
Cash	84.26%
Debt	15.43%
Other	0.31%

Debt Sector Allocation

Sector	Value
Cash Equivalent	41.31%
Corporate	40.46%
Government	17.92%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indian Bank Domestic Bonds \| -	3%	₹943 Cr	19,500
India (Republic of) - \| -	3%	₹882 Cr	90,000,000 ↑ 90,000,000
02/04/2026 Maturing 364 DTB Sovereign Bonds \| -	2%	₹695 Cr	69,500,000 ↓ -90,000,000
India (Republic of) - \| -	2%	₹693 Cr	70,000,000 ↑ 70,000,000
Indian Overseas Bank Debentures \| -	2%	₹655 Cr	14,000
Tbill Sovereign Bonds \| -	2%	₹608 Cr	61,500,000 ↑ 41,500,000
India (Republic of) - \| -	2%	₹587 Cr	60,000,000 ↑ 60,000,000
Equitas Small Finance Bank Ltd. Debentures \| -	2%	₹558 Cr	12,000
Bank of Baroda Debentures \| -	1%	₹484 Cr	10,000
Tbill Sovereign Bonds \| -	1%	₹238 Cr	25,000,000

3. 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

Upper mid AUM (₹32,236 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.58% (upper mid).
1M return: 0.84% (bottom quartile).
Sharpe: 2.51 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.77% (lower mid).
Modified duration: 0.64 yrs (bottom quartile).
Average maturity: 0.69 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund Growth
Launch Date	9 Mar 06
NAV (15 Apr 26)	₹399.009 ↑ 0.29 (0.07 %)
Net Assets (Cr)	₹32,236 on 15 Mar 26
Category	Debt - Money Market
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.32
Sharpe Ratio	2.51
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.77%
Effective Maturity	8 Months 9 Days
Modified Duration	7 Months 21 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,381
31 Mar 23	₹10,958
31 Mar 24	₹11,789
31 Mar 25	₹12,702
31 Mar 26	₹13,540

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 15 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7.4%
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	7.4%
2021	4.7%
2020	3.7%
2019	6.2%
2018	7.9%
2017	7.7%
2016	6.7%
2015	7.7%

Fund Manager information for ICICI Prudential Money Market Fund

Name	Since	Tenure
Manish Banthia	12 Jun 23	2.81 Yr.
Nikhil Kabra	3 Aug 16	9.67 Yr.

Data below for ICICI Prudential Money Market Fund as on 15 Mar 26

Asset Allocation

Asset Class	Value
Cash	86.73%
Debt	12.98%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	48.76%
Cash Equivalent	29.5%
Government	21.45%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.33% Govt Stock 2026 Sovereign Bonds \| -	4%	₹1,312 Cr	130,000,000 ↑ 130,000,000
6.97% Govt Stock 2026 Sovereign Bonds \| -	3%	₹1,061 Cr	105,500,000 ↑ 105,500,000
Bank of India Ltd. Debentures \| -	1%	₹470 Cr	10,000
7.86% Westbengal Sdl 2026 Sovereign Bonds \| -	1%	₹292 Cr	29,000,000 ↑ 29,000,000
Tbill Sovereign Bonds \| -	1%	₹196 Cr	20,000,000 ↑ 20,000,000
India (Republic of) - \| -	1%	₹195 Cr	20,000,000 ↑ 20,000,000
7.39% Tamilnadu SDL 2026 Sovereign Bonds \| -	1%	₹172 Cr	17,000,000 ↑ 17,000,000
Punjab National Bank Domestic Bonds \| -	0%	₹94 Cr	2,000
Corporate Debt Market Development Fund (Class A2) - \| -	0%	₹91 Cr	77,551
7.07% Tamilnadu SDL 2026 Sovereign Bonds \| -	0%	₹76 Cr	7,500,000

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

Lower mid AUM (₹30,778 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.58% (upper mid).
1M return: 0.88% (top quartile).
Sharpe: 2.09 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.02% (top quartile).
Modified duration: 0.63 yrs (upper mid).
Average maturity: 0.64 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 (15 Apr 26)	₹388.997 ↑ 0.26 (0.07 %)
Net Assets (Cr)	₹30,778 on 28 Feb 26
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.35
Sharpe Ratio	2.09
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.02%
Effective Maturity	7 Months 20 Days
Modified Duration	7 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,397
31 Mar 23	₹10,985
31 Mar 24	₹11,825
31 Mar 25	₹12,741
31 Mar 26	₹13,571

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3%
1 Year	6.6%
3 Year	7.4%
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	14.72 Yr.
Anuj Jain	22 Mar 21	5.03 Yr.
Mohit Sharma	1 Apr 17	9.01 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	69.55%
Debt	30.17%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	50.31%
Cash Equivalent	37.79%
Government	11.63%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	5%	₹1,410 Cr	30,000
Axis Bank Ltd. Debentures \| -	3%	₹951 Cr	20,000
Federal Bank Ltd. Debentures \| -	3%	₹939 Cr	20,000
5.63% Govt Stock 2026 Sovereign Bonds \| -	2%	₹470 Cr	47,000,000
Karur Vysya Bank Ltd. Debentures \| -	2%	₹468 Cr	10,000
02/10/2026 Maturing 364 DTB Sovereign Bonds \| -	1%	₹389 Cr	40,000,000
Kotak Mahindra Bank Ltd. Debentures \| -	1%	₹388 Cr	8,000
7.49% Gujarat Sgs 2026 Sovereign Bonds \| -	1%	₹327 Cr	32,500,000
HDFC Bank Ltd. Debentures \| -	1%	₹258 Cr	5,500 ↑ 5,500
Gujarat State Development Loans Sovereign Bonds \| -	1%	₹252 Cr	25,000,000

5. 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 (₹21,876 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.57% (lower mid).
1M return: 0.86% (upper mid).
Sharpe: 2.28 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.89% (top quartile).
Modified duration: 0.64 yrs (lower mid).
Average maturity: 0.69 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 (15 Apr 26)	₹4,363.24 ↑ 3.15 (0.07 %)
Net Assets (Cr)	₹21,876 on 28 Feb 26
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.39
Sharpe Ratio	2.28
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.89%
Effective Maturity	8 Months 8 Days
Modified Duration	7 Months 21 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,392
31 Mar 23	₹10,990
31 Mar 24	₹11,824
31 Mar 25	₹12,737
31 Mar 26	₹13,575

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3%
1 Year	6.6%
3 Year	7.4%
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	7.71 Yr.
Vikash Agarwal	14 Sep 24	1.54 Yr.
Amber Singhania	11 Mar 26	0.06 Yr.

Data below for Nippon India Money Market Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	83.14%
Debt	16.56%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	47.32%
Cash Equivalent	34.23%
Government	18.15%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹490 Cr	50,000,000
Tbill Sovereign Bonds \| -	3%	₹489 Cr	50,000,000
UCO Bank Domestic Bonds \| -	2%	₹469 Cr	10,000
India (Republic of) - \| -	2%	₹440 Cr	45,000,000
11/06/2026 Maturing 364 DTB Sovereign Bonds \| -	2%	₹361 Cr	36,500,000 ↓ -2,500,000
HDFC Bank Ltd. Debentures \| -	1%	₹282 Cr	6,000 ↑ 6,000
Punjab & Sind Bank Debentures \| -	1%	₹233 Cr	5,000 ↑ 5,000
25/06/2026 Maturing 364 DTB Sovereign Bonds \| -	1%	₹198 Cr	20,000,000 ↑ 20,000,000
India (Republic of) - \| -	1%	₹195 Cr	20,000,000 ↑ 20,000,000
AU Small Finance Bank Ltd. Debentures \| -	1%	₹187 Cr	4,000

6. 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 (₹33,661 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.57% (lower mid).
1M return: 0.85% (bottom quartile).
Sharpe: 2.32 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.84% (upper mid).
Modified duration: 0.65 yrs (bottom quartile).
Average maturity: 0.65 yrs (lower 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 (15 Apr 26)	₹4,721.62 ↑ 3.34 (0.07 %)
Net Assets (Cr)	₹33,661 on 28 Feb 26
Category	Debt - Money Market
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.36
Sharpe Ratio	2.32
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.84%
Effective Maturity	7 Months 24 Days
Modified Duration	7 Months 24 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,385
31 Mar 23	₹10,970
31 Mar 24	₹11,800
31 Mar 25	₹12,708
31 Mar 26	₹13,545

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7.4%
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	4.9%
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	19.43 Yr.
Manu Sharma	1 Nov 22	3.41 Yr.

Data below for Kotak Money Market Scheme as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	76.63%
Debt	23.09%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	52.13%
Government	24.75%
Cash Equivalent	22.84%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹1,072 Cr	110,000,000 ↑ 110,000,000
06/08/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹736 Cr	75,000,000
Tbill Sovereign Bonds \| -	2%	₹734 Cr	75,000,000
India (Republic of) - \| -	2%	₹732 Cr	75,000,000
Indusind Bank Ltd. Debentures \| -	2%	₹705 Cr	75,000
Indusind Bank Ltd. Debentures \| -	2%	₹664 Cr	70,000
Canara Bank Domestic Bonds \| -	1%	₹484 Cr	50,000 ↑ 50,000
Punjab National Bank Domestic Bonds \| -	1%	₹472 Cr	50,000
India (Republic of) - \| -	1%	₹366 Cr	37,500,000
Federal Bank Ltd. Debentures \| -	1%	₹354 Cr	37,500

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 (₹33,094 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.57% (bottom quartile).
1M return: 0.87% (top quartile).
Sharpe: 2.32 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.87% (upper mid).
Modified duration: 0.58 yrs (top quartile).
Average maturity: 0.62 yrs (upper mid).
Exit load: NIL.

Below is the key information for HDFC Money Market Fund

HDFC Money Market Fund Growth
Launch Date	18 Nov 99
NAV (15 Apr 26)	₹6,009.63 ↑ 4.14 (0.07 %)
Net Assets (Cr)	₹33,094 on 28 Feb 26
Category	Debt - Money Market
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.4
Sharpe Ratio	2.32
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	NIL
Yield to Maturity	6.87%
Effective Maturity	7 Months 15 Days
Modified Duration	6 Months 29 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,389
31 Mar 23	₹10,963
31 Mar 24	₹11,787
31 Mar 25	₹12,692
31 Mar 26	₹13,524

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7.3%
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	30 Aug 24	1.58 Yr.
Dhruv Muchhal	22 Jun 23	2.78 Yr.

Data below for HDFC Money Market Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	74.56%
Debt	25.12%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	48.96%
Cash Equivalent	37.41%
Government	13.32%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	3%	₹936 Cr	20,000
Indian Overseas Bank Debentures \| -	3%	₹936 Cr	20,000
YES Bank Ltd. Debentures \| -	3%	₹934 Cr	20,000
Punjab & Sind Bank Debentures \| -	2%	₹607 Cr	13,000
Punjab National Bank Domestic Bonds \| -	2%	₹537 Cr	11,500 ↑ 11,500
IDFC First Bank Ltd. Debentures \| -	2%	₹490 Cr	10,000
Bank Of Maharashtra Domestic Bonds \| -	2%	₹472 Cr	10,000
Tbill Sovereign Bonds \| -	2%	₹447 Cr	45,000,000
Bank of India Ltd. Debentures \| -	1%	₹422 Cr	9,000
19/03/2026 Maturing 364 DTB Sovereign Bonds \| -	1%	₹300 Cr	30,000,000

8. 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 (₹14,805 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.56% (bottom quartile).
1M return: 0.86% (lower mid).
Sharpe: 2.54 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.63% (bottom quartile).
Modified duration: 0.64 yrs (lower mid).
Average maturity: 0.64 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 (15 Apr 26)	₹42.3793 ↑ 0.03 (0.08 %)
Net Assets (Cr)	₹14,805 on 28 Feb 26
Category	Debt - Money Market
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.58
Sharpe Ratio	2.54
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.63%
Effective Maturity	7 Months 20 Days
Modified Duration	7 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,309
31 Mar 23	₹10,806
31 Mar 24	₹11,546
31 Mar 25	₹12,398
31 Mar 26	₹13,211

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 15 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	1.7%
6 Month	3.1%
1 Year	6.6%
3 Year	7%
5 Year	5.8%
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	4.33 Yr.
Brijesh Shah	12 Jul 21	4.72 Yr.

Data below for Bandhan Money Manager Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	89.59%
Debt	10.15%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	58.13%
Cash Equivalent	24.14%
Government	17.46%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	5%	₹685 Cr	70,000,000
Small Industries Development Bank of India Debentures \| -	2%	₹216 Cr	22,500,000
21/05/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹208 Cr	21,000,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	1%	₹187 Cr	20,000,000 ↑ 20,000,000
5.63% Govt Stock 2026 Sovereign Bonds \| -	1%	₹150 Cr	15,000,000 ↑ 15,000,000
14/05/2026 Maturing 182 DTB Sovereign Bonds \| -	1%	₹118 Cr	11,861,000
7.08% Karnataka Sdl 2026 Sovereign Bonds \| -	1%	₹106 Cr	10,500,000
7.96% Maharashtra Sdl 2026 Sovereign Bonds \| -	1%	₹101 Cr	10,000,000
7.39% Tamilnadu SDL 2026 Sovereign Bonds \| -	0%	₹60 Cr	5,928,300
8.08% Maharashtra Sdl 2026 Sovereign Bonds \| -	0%	₹45 Cr	4,500,000

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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.