+91-22-48913909Best Money Market Mutual Funds 2026
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
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 ₹3,221.26
↑ 2.77 ₹20,497 0.4 1.4 2.9 7.1 7.5 6.96% 4M 26D 4M 26D ICICI Prudential Money Market Fund Growth ₹396.349
↑ 0.33 ₹35,025 0.4 1.4 2.8 7.1 7.4 6.91% 5M 12D 5M 25D Nippon India Money Market Fund Growth ₹4,333.25
↑ 3.54 ₹21,699 0.4 1.3 2.8 7 7.4 6.48% 4M 23D 5M 3D Tata Money Market Fund Growth ₹4,930.23
↑ 4.02 ₹37,939 0.4 1.4 2.8 7 7.4 6.35% 5D 5D Franklin India Savings Fund Growth ₹52.3941
↑ 0.05 ₹3,898 0.3 1.3 2.8 7 7.4 6.89% 5M 8D 5M 19D HDFC Money Market Fund Growth ₹5,967.5
↑ 4.62 ₹33,210 0.4 1.4 2.8 7 7.4 6.87% 4M 15D 4M 26D Bandhan Money Manager Fund Growth ₹42.0854
↑ 0.03 ₹15,694 0.4 1.4 2.8 7 7.3 6.7% 3M 28D 3M 28D Kotak Money Market Scheme Growth ₹4,688.99
↑ 3.63 ₹32,870 0.3 1.3 2.8 6.9 7.4 6.99% 5M 8D 5M 8D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Mar 26 Research Highlights & Commentary of 8 Funds showcased
Commentary UTI Money Market Fund ICICI Prudential Money Market Fund Nippon India Money Market Fund Tata Money Market Fund Franklin India Savings Fund HDFC Money Market Fund Bandhan Money Manager Fund Kotak Money Market Scheme Point 1 Lower mid AUM (₹20,497 Cr). Top quartile AUM (₹35,025 Cr). Lower mid AUM (₹21,699 Cr). Highest AUM (₹37,939 Cr). Bottom quartile AUM (₹3,898 Cr). Upper mid AUM (₹33,210 Cr). Bottom quartile AUM (₹15,694 Cr). Upper mid AUM (₹32,870 Cr). Point 2 Established history (16+ yrs). Established history (20+ yrs). Established history (20+ yrs). Established history (22+ yrs). Established history (24+ yrs). Oldest track record among peers (26 yrs). Established history (23+ yrs). Established history (22+ yrs). Point 3 Top rated. Rating: 4★ (top quartile). Rating: 3★ (upper mid). Rating: 3★ (lower mid). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Rating: 3★ (bottom quartile). Rating: 4★ (upper mid). Point 4 Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Moderately Low. Risk profile: Low. Risk profile: Moderately Low. Risk profile: Low. Point 5 1Y return: 7.07% (top quartile). 1Y return: 7.06% (top quartile). 1Y return: 7.02% (upper mid). 1Y return: 7.00% (upper mid). 1Y return: 6.99% (lower mid). 1Y return: 6.99% (lower mid). 1Y return: 6.97% (bottom quartile). 1Y return: 6.94% (bottom quartile). Point 6 1M return: 0.38% (upper mid). 1M return: 0.36% (lower mid). 1M return: 0.37% (lower mid). 1M return: 0.39% (top quartile). 1M return: 0.28% (bottom quartile). 1M return: 0.38% (upper mid). 1M return: 0.39% (top quartile). 1M return: 0.30% (bottom quartile). Point 7 Sharpe: 2.26 (upper mid). Sharpe: 2.31 (top quartile). Sharpe: 2.08 (bottom quartile). Sharpe: 2.11 (bottom quartile). Sharpe: 2.24 (upper mid). Sharpe: 2.12 (lower mid). Sharpe: 2.37 (top quartile). Sharpe: 2.13 (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): 6.96% (top quartile). Yield to maturity (debt): 6.91% (upper mid). Yield to maturity (debt): 6.48% (bottom quartile). Yield to maturity (debt): 6.35% (bottom quartile). Yield to maturity (debt): 6.89% (upper mid). Yield to maturity (debt): 6.87% (lower mid). Yield to maturity (debt): 6.70% (lower mid). Yield to maturity (debt): 6.99% (top quartile). Point 10 Modified duration: 0.41 yrs (lower mid). Modified duration: 0.45 yrs (bottom quartile). Modified duration: 0.40 yrs (upper mid). Modified duration: 0.01 yrs (top quartile). Modified duration: 0.44 yrs (lower mid). Modified duration: 0.38 yrs (upper mid). Modified duration: 0.33 yrs (top quartile). Modified duration: 0.44 yrs (bottom quartile). UTI Money Market Fund
ICICI Prudential Money Market Fund
Nippon India Money Market Fund
Tata Money Market Fund
Franklin India Savings Fund
HDFC Money Market Fund
Bandhan Money Manager Fund
Kotak Money Market Scheme
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. Below is the key information for UTI Money Market Fund Returns up to 1 year are on 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 Below is the key information for ICICI Prudential Money Market Fund Returns up to 1 year are on (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 Below is the key information for Nippon India Money Market Fund Returns up to 1 year are on (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 Below is the key information for Tata Money Market Fund Returns up to 1 year are on (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 Below is the key information for Franklin India Savings Fund Returns up to 1 year are on (Erstwhile HDFC Cash Management Fund - Savings Plan) To generate optimal returns while maintaining safety and
high liquidity. Research Highlights for HDFC Money Market Fund Below is the key information for HDFC Money Market Fund Returns up to 1 year are on (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 Below is the key information for Bandhan Money Manager Fund Returns up to 1 year are on (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 Below is the key information for Kotak Money Market Scheme Returns up to 1 year are on 1. UTI Money Market Fund
UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (18 Mar 26) ₹3,221.26 ↑ 2.77 (0.09 %) Net Assets (Cr) ₹20,497 on 15 Feb 26 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 2.26 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.96% Effective Maturity 4 Months 26 Days Modified Duration 4 Months 26 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,388 28 Feb 23 ₹10,942 29 Feb 24 ₹11,779 28 Feb 25 ₹12,678 28 Feb 26 ₹13,591 Returns for UTI Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.9% 1 Year 7.1% 3 Year 7.4% 5 Year 6.3% 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 4.25 Yr. Amit Sharma 7 Jul 17 8.65 Yr. Data below for UTI Money Market Fund as on 15 Feb 26
Asset Allocation
Asset Class Value Cash 67.87% Debt 31.85% Other 0.28% Debt Sector Allocation
Sector Value Corporate 43.95% Cash Equivalent 40.59% Government 15.18% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Canara Bank
Domestic Bonds | -3% ₹688 Cr 7,000,000,000 19/03/2026 Maturing 364 DTB
Sovereign Bonds | -2% ₹499 Cr 5,000,000,000 Tbill
Sovereign Bonds | -2% ₹492 Cr 5,000,000,000 HDFC Bank Ltd.
Debentures | -2% ₹421 Cr 4,500,000,000
↑ 4,500,000,000 Union Bank of India
Domestic Bonds | -2% ₹394 Cr 4,000,000,000 Indian Bank
Domestic Bonds | -2% ₹376 Cr 4,000,000,000 Small Industries Development Bank of India
Debentures | -2% ₹374 Cr 4,000,000,000
↑ 4,000,000,000 08/05/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹347 Cr 3,500,000,000 21/05/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹346 Cr 3,500,000,000 HDFC Bank Ltd.
Debentures | -2% ₹329 Cr 3,500,000,000 2. ICICI Prudential Money Market Fund
ICICI Prudential Money Market Fund
Growth Launch Date 9 Mar 06 NAV (18 Mar 26) ₹396.349 ↑ 0.33 (0.08 %) Net Assets (Cr) ₹35,025 on 31 Jan 26 Category Debt - Money Market AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Low Expense Ratio 0.32 Sharpe Ratio 2.31 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.91% Effective Maturity 5 Months 25 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,379 28 Feb 23 ₹10,915 29 Feb 24 ₹11,748 28 Feb 25 ₹12,642 28 Feb 26 ₹13,552 Returns for ICICI Prudential Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.8% 1 Year 7.1% 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 2.72 Yr. Nikhil Kabra 3 Aug 16 9.58 Yr. Data below for ICICI Prudential Money Market Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 82.34% Debt 17.41% Other 0.26% Debt Sector Allocation
Sector Value Corporate 48.41% Cash Equivalent 42.98% Government 8.36% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 19/03/2026 Maturing 182 DTB
Sovereign Bonds | -6% ₹2,280 Cr 228,500,000
↓ -5,000,000 12/03/2026 Maturing 364 DTB
Sovereign Bonds | -3% ₹1,163 Cr 116,500,000 Bank of India Ltd.
Debentures | -1% ₹469 Cr 10,000
↑ 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹468 Cr 10,000
↑ 10,000 Small Industries Development Bank of India
Debentures | -1% ₹468 Cr 10,000
↑ 10,000 HDFC Bank Ltd.
Debentures | -1% ₹421 Cr 9,000
↑ 9,000 Indian Bank
Domestic Bonds | -1% ₹376 Cr 8,000 05/03/2026 Maturing 364 DTB
Sovereign Bonds | -1% ₹350 Cr 35,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹329 Cr 7,000 Canara Bank
Domestic Bonds | -1% ₹295 Cr 6,000 3. Nippon India Money Market Fund
Nippon India Money Market Fund
Growth Launch Date 16 Jun 05 NAV (18 Mar 26) ₹4,333.25 ↑ 3.54 (0.08 %) Net Assets (Cr) ₹21,699 on 31 Jan 26 Category Debt - Money Market AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Low Expense Ratio 0.39 Sharpe Ratio 2.08 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.48% Effective Maturity 5 Months 3 Days Modified Duration 4 Months 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,392 28 Feb 23 ₹10,951 29 Feb 24 ₹11,783 28 Feb 25 ₹12,680 28 Feb 26 ₹13,586 Returns for Nippon India Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.8% 1 Year 7% 3 Year 7.4% 5 Year 6.3% 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 7.63 Yr. Vikash Agarwal 14 Sep 24 1.46 Yr. Lokesh Maru 5 Sep 25 0.48 Yr. Divya Sharma 5 Sep 25 0.48 Yr. Data below for Nippon India Money Market Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 66.39% Debt 33.34% Other 0.27% Debt Sector Allocation
Sector Value Corporate 50.97% Cash Equivalent 35.05% Government 13.71% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd.
Debentures | -2% ₹521 Cr 11,000
↑ 11,000 India (Republic of)
- | -2% ₹487 Cr 50,000,000
↑ 50,000,000 India (Republic of)
- | -2% ₹487 Cr 50,000,000
↑ 50,000,000 Canara Bank
Domestic Bonds | -2% ₹470 Cr 10,000 Punjab National Bank
Domestic Bonds | -2% ₹470 Cr 10,000 UCO Bank
Domestic Bonds | -2% ₹468 Cr 10,000
↑ 10,000 21/05/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹445 Cr 45,000,000 Small Industries Development Bank of India
Debentures | -2% ₹421 Cr 9,000
↑ 9,000 11/06/2026 Maturing 364 DTB
Sovereign Bonds | -2% ₹384 Cr 39,000,000
↑ 39,000,000 IDFC First Bank Ltd.
Debentures | -2% ₹375 Cr 8,000 4. Tata Money Market Fund
Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (18 Mar 26) ₹4,930.23 ↑ 4.02 (0.08 %) Net Assets (Cr) ₹37,939 on 15 Feb 26 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.44 Sharpe Ratio 2.11 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.35% Effective Maturity 5 Days Modified Duration 5 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,404 28 Feb 23 ₹10,945 29 Feb 24 ₹11,780 28 Feb 25 ₹12,675 28 Feb 26 ₹13,580 Returns for Tata Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.8% 1 Year 7% 3 Year 7.4% 5 Year 6.3% 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 12.38 Yr. Data below for Tata Money Market Fund as on 15 Feb 26
Asset Allocation
Asset Class Value Cash 79.02% Debt 20.71% Other 0.27% Debt Sector Allocation
Sector Value Cash Equivalent 47.77% Corporate 42.87% Government 9.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 02/04/2026 Maturing 364 DTB
Sovereign Bonds | -5% ₹1,991 Cr 200,000,000 Indian Bank
Domestic Bonds | -3% ₹963 Cr 20,000 Indian Overseas Bank
Debentures | -3% ₹935 Cr 20,000
↑ 20,000 Small Industries Development Bank of India
Debentures | -2% ₹654 Cr 14,000
↑ 14,000 Indian Overseas Bank
Debentures | -2% ₹654 Cr 14,000
↑ 14,000 Tbill
Sovereign Bonds | -2% ₹630 Cr 63,500,000 Canara Bank
Domestic Bonds | -2% ₹616 Cr 13,000
↑ 13,000 Axis Bank Ltd.
Debentures | -2% ₹616 Cr 13,000
↑ 13,000 Tbill
Sovereign Bonds | -2% ₹586 Cr 59,000,000 Equitas Small Finance Bank Ltd.
Debentures | -2% ₹557 Cr 12,000
↑ 12,000 5. Franklin India Savings Fund
Franklin India Savings Fund
Growth Launch Date 11 Feb 02 NAV (18 Mar 26) ₹52.3941 ↑ 0.05 (0.10 %) Net Assets (Cr) ₹3,898 on 31 Jan 26 Category Debt - Money Market AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.3 Sharpe Ratio 2.24 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.89% Effective Maturity 5 Months 19 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,370 28 Feb 23 ₹10,874 29 Feb 24 ₹11,692 28 Feb 25 ₹12,576 28 Feb 26 ₹13,480 Returns for Franklin India Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 2.8% 1 Year 7% 3 Year 7.3% 5 Year 6.1% 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 2.4 Yr. Rohan Maru 10 Oct 24 1.39 Yr. Chandni Gupta 30 Apr 24 1.83 Yr. Data below for Franklin India Savings Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 80.59% Debt 19.17% Other 0.24% Debt Sector Allocation
Sector Value Cash Equivalent 43.2% Corporate 40.29% Government 16.27% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -7% ₹285 Cr 30,000,000
↑ 30,000,000 HDFC Bank Ltd.
Debentures | -5% ₹234 Cr 5,000
↑ 5,000 05/03/2026 Maturing 364 DTB
Sovereign Bonds | -5% ₹225 Cr 22,500,000 Small Industries Development Bank of India
Debentures | -2% ₹108 Cr 2,300
↑ 2,300 Punjab National Bank
Domestic Bonds | -2% ₹100 Cr 2,000 Axis Bank Ltd.
Debentures | -2% ₹95 Cr 2,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹75 Cr 1,500 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹61 Cr 1,300
↑ 1,300 12/03/2026 Maturing 364 DTB
Sovereign Bonds | -1% ₹50 Cr 5,000,000 Indian Bank
Domestic Bonds | -1% ₹50 Cr 1,000 6. HDFC Money Market Fund
HDFC Money Market Fund
Growth Launch Date 18 Nov 99 NAV (18 Mar 26) ₹5,967.5 ↑ 4.62 (0.08 %) Net Assets (Cr) ₹33,210 on 31 Jan 26 Category Debt - Money Market AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Low Expense Ratio 0.4 Sharpe Ratio 2.12 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 6.87% Effective Maturity 4 Months 26 Days Modified Duration 4 Months 15 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,393 28 Feb 23 ₹10,927 29 Feb 24 ₹11,750 28 Feb 25 ₹12,638 28 Feb 26 ₹13,536 Returns for HDFC Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.8% 1 Year 7% 3 Year 7.3% 5 Year 6.2% 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 1.5 Yr. Dhruv Muchhal 22 Jun 23 2.69 Yr. Data below for HDFC Money Market Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 71.31% Debt 28.41% Other 0.28% Debt Sector Allocation
Sector Value Corporate 45.88% Cash Equivalent 41.68% Government 12.16% 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
↑ 20,000 YES Bank Ltd.
Debentures | -3% ₹934 Cr 20,000 Punjab & Sind Bank
Debentures | -2% ₹607 Cr 13,000
↑ 13,000 Union Bank of India
Domestic Bonds | -2% ₹542 Cr 11,000 IDFC First Bank Ltd.
Debentures | -1% ₹490 Cr 10,000 Bank Of Maharashtra
Domestic Bonds | -1% ₹472 Cr 10,000 Canara Bank
Domestic Bonds | -1% ₹470 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹469 Cr 10,000 Small Industries Development Bank of India
Debentures | -1% ₹469 Cr 10,000 7. Bandhan Money Manager Fund
Bandhan Money Manager Fund
Growth Launch Date 18 Feb 03 NAV (18 Mar 26) ₹42.0854 ↑ 0.03 (0.08 %) Net Assets (Cr) ₹15,694 on 31 Jan 26 Category Debt - Money Market AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.58 Sharpe Ratio 2.37 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.7% Effective Maturity 3 Months 28 Days Modified Duration 3 Months 28 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,311 28 Feb 23 ₹10,768 29 Feb 24 ₹11,510 28 Feb 25 ₹12,337 28 Feb 26 ₹13,212 Returns for Bandhan Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.8% 1 Year 7% 3 Year 7% 5 Year 5.7% 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 4.25 Yr. Brijesh Shah 12 Jul 21 4.64 Yr. Data below for Bandhan Money Manager Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 57.73% Debt 42.03% Other 0.24% Debt Sector Allocation
Sector Value Corporate 52.5% Government 27.07% Cash Equivalent 20.19% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹682 Cr 70,000,000
↑ 70,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹468 Cr 50,000,000
↑ 50,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹444 Cr 47,500,000
↑ 47,500,000 Tbill
Sovereign Bonds | -3% ₹444 Cr 45,000,000 Axis Bank Ltd.
Debentures | -3% ₹426 Cr 45,000,000 Punjab National Bank
Domestic Bonds | -3% ₹376 Cr 40,000,000 HDFC Bank Ltd.
Debentures | -3% ₹375 Cr 40,000,000
↑ 40,000,000 Small Industries Development Bank of India
Debentures | -3% ₹374 Cr 40,000,000
↑ 40,000,000 Indian Bank
Domestic Bonds | -2% ₹329 Cr 35,000,000 Indian Bank
Domestic Bonds | -2% ₹285 Cr 30,000,000
↑ 30,000,000 8. Kotak Money Market Scheme
Kotak Money Market Scheme
Growth Launch Date 14 Jul 03 NAV (18 Mar 26) ₹4,688.99 ↑ 3.63 (0.08 %) Net Assets (Cr) ₹32,870 on 31 Jan 26 Category Debt - Money Market AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.36 Sharpe Ratio 2.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.99% Effective Maturity 5 Months 8 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,384 28 Feb 23 ₹10,931 29 Feb 24 ₹11,758 28 Feb 25 ₹12,650 28 Feb 26 ₹13,551 Returns for Kotak Money Market Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 26 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 2.8% 1 Year 6.9% 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 4.9% 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 19.34 Yr. Manu Sharma 1 Nov 22 3.33 Yr. Data below for Kotak Money Market Scheme as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 67.71% Debt 32.01% Other 0.27% Debt Sector Allocation
Sector Value Corporate 46.26% Cash Equivalent 35.96% Government 17.51% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 08/05/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹743 Cr 75,000,000
↓ -15,000,000 06/08/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹733 Cr 75,000,000 India (Republic of)
- | -2% ₹731 Cr 75,000,000
↑ 75,000,000 Indusind Bank Ltd.
Debentures | -2% ₹702 Cr 75,000 Indusind Bank Ltd.
Debentures | -2% ₹688 Cr 70,000 21/05/2026 Maturing 364 DTB
Sovereign Bonds | -2% ₹667 Cr 67,500,000 Small Industries Development Bank of India
Debentures | -2% ₹587 Cr 62,500 Canara Bank
Domestic Bonds | -2% ₹564 Cr 60,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹562 Cr 60,000
↑ 60,000 19/03/2026 Maturing 182 DTB
Sovereign Bonds | -1% ₹499 Cr 50,000,000
↓ -10,000,000
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Research Highlights for UTI Money Market Fund