A money market fund (MMF) is a type of fixed income mutual fund that invests in debt securities. But, before we start with money market funds, it's important to understand what is a fixed income instrument? Well, as the name denotes, a fixed income instrument is something that generates a specified amount of income over a certain period. The investor is given a fixed claim on the assets held by the issuer, fixed income instruments are considered low-risk and low-yield investments. Essentially, fixed income instruments are nothing, but a way of borrowing funds (where the borrowing is done by the issuer).

For starters, fixed income gives economic rights to the holder, which includes the right to receive interest payments and the return of all or part of capital invested at a given date. In contrast, the shareholder (stock owner) receives dividends from the issuer, but the company is not bound by any law to pay dividends. Also, another important difference is that the fixed income holder is a creditor of the company that issues the security, while a shareholder is a partner, owning a part of the capital stock. Here it’s important to understand that if the company goes bust, the creditors (bondholders) have priority over shareholders (equity holders).
There are different fixed income instruments that fall under money market instruments, to name some of them:
Time deposits like term deposits are commonly offered to consumers by banks (scheduled commercial banks) & all India financial institutions. The difference between this and a term deposit in a Bank is that CDs can’t be withdrawn.
Commercial papers are usually known as promissory notes which are unsecured and are generally issued by companies and financial institutions, at a discounted rate from their face value. The fixed maturity for commercial papers is 1 to 270 days. The purposes for which they are issued are - for inventory financing, accounts receivables, and settling short-term liabilities or loans.
Treasury bills were first issued by the Indian government in 1917. Treasury bills are short-term financial instruments that are issued by the Central Bank of the country. It is one of the safest money market instruments as it is void of market risks (since the risk is sovereign or in this case the Government of India), though the return on investments is not that huge. Treasury bills are circulated by the primary as well as the secondary markets. The maturity periods for treasury bills are respectively 3-month, 6-month, and 1-year.
There are lots of other fixed income instruments such as repurchase agreements (repos), asset-backed securities etc., that also exist in the Indian fixed income market, but the above are the more common ones.
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Bonds have a maturity period of more than one year which differentiates it from other debt securities like commercial papers, treasury bills and other money market instruments which typically have a maturity period of less than one year.
Money market generally refers to a section of the financial market where financial instruments with smaller maturities (less than a year) and high liquidity are traded. India has a very active money market, where a host of instruments are traded. Here you have Mutual Fund companies, government banks and various other large domestic institutions participating. The money market has become a component of the financial market for buying and selling of securities of short-term duration, such as commercial papers and treasury bills.
The money market rates are the interest rates offered by short-term money market instruments. These instruments have a maturity ranging from 1 day to one year. The money market rates vary over many complex instruments such as treasury bills, call money, commercial paper (CP), certificates of deposits (CDs), repos, etc. The Reserve Bank of India (RBI) is largely the governing authority over the money markets.
An example of the money market rates of various instruments as given on the RBI site as of 28th Feb 2017 is below for reference.
| Volume (One Leg) | Weighted Average Rate | Range | |
|---|---|---|---|
| A. Overnight Segment (I+II+III+IV) | 553,584.29 | 6.64 | 4.60-6.86 |
| I. Call Money | 16,300.98 | 6.67 | 4.60-6.85 |
| II. Triparty Repo | 376,743.10 | 6.64 | 6.56-6.80 |
| III. Market Repo | 160,540.21 | 6.65 | 6.00-6.86 |
| IV. Repo in Corporate Bond | 0.00 | - | - |
| B. Term Segment | |||
| I. Notice Money** | 109.00 | 6.27 | 6.00-6.70 |
| II. Term Money@@ | 351.00 | - | 6.40-7.00 |
| III. Triparty Repo | 55.00 | 6.60 | 6.60-6.60 |
| IV. Market Repo | 1,075.00 | 6.76 | 6.75-6.85 |
| V. Repo in Corporate Bond | 0.00 | - | - |
Source: Money Market Operations, RBI Date: 27 Feb 2023
As we have learnt about various types of instruments above, it’s equally important to know how an investor could invest in money market funds. There are 44 AMCs (Asset Managment Companies) in India, most of them offering money market funds (mainly Liquid Funds and ultra-short funds for investors). Investors can also invest via distributors like banks and brokers. Investing in money market funds requires one to follow the respective procedure and the relevant applications. The terms & conditions of debt mutual funds may vary, therefore, it’s important to get an overall knowledge and then choose the one that meets your needs. Moreover, before investing into any money market mutual funds carefully consider its investment objectives, risks, returns, and expenses.
Here are some important aspects that you must consider before investing in money market funds in India:
Money Market Funds are debt funds and hence carry all the risks applicable to debt funds like interest rate risk and credit risk. Additionally, the fund manager might invest in instruments with a slightly higher risk component to increase returns. Usually, money market funds tend to offer better returns than a regular Savings Account. The Net Asset Value or NAV of these funds changes with a change in the interest rate regime.
Since the returns are not very high, the expense ratio plays an important role in determining your earnings from a money market fund. Expense Ratio is a small percentage of the total assets of the fund charged by the fund house towards fund management services. Ideally, you should look for funds with a lower expense ratio to maximize your returns.
Usually, money market funds are recommended to investors with an investment horizon of 90-365 days. These schemes can help you diversify your Portfolio and help invest surplus cash while maintaining liquidity. Ensure that you invest according to your Investment plan.
In the case of Money Market Funds, the taxation rules are as follows:
If you hold the units of the scheme for a period of up to three years, then the Capital Gains earned by you are called short-term capital gains or STCG. STCG is added to your taxable income and taxed as per the applicable income tax slab. If you hold the units of the scheme for more than three years, then the capital gains earned by you are called long-term capital gains or LTCG. It is taxed at 20% with indexation benefits.
Fund Selection Methodology used to find 5 funds
Some of the best money market funds in India are as follows-
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2025 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity UTI Money Market Fund Growth ₹3,309.15
↑ 0.74 ₹17,557 1.8 3.4 6.3 7.3 7.5 7.58% 6M 20D 6M 20D Tata Money Market Fund Growth ₹5,064.93
↑ 1.08 ₹32,150 1.8 3.4 6.3 7.3 7.4 7.79% 7M 1D 7M 1D Aditya Birla Sun Life Money Manager Fund Growth ₹396.886
↑ 0.08 ₹27,383 1.8 3.4 6.3 7.3 7.4 6.95% 6M 25D 6M 29D Kotak Money Market Scheme Growth ₹4,816.45
↑ 1.14 ₹28,762 1.8 3.4 6.3 7.3 7.4 7.71% 7M 6D 7M 6D Bandhan Money Manager Fund Growth ₹43.2225
↑ 0.01 ₹14,466 1.8 3.3 6.3 7 7.3 7.75% 7M 21D 7M 21D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 26 Research Highlights & Commentary of 5 Funds showcased
Commentary UTI Money Market Fund Tata Money Market Fund Aditya Birla Sun Life Money Manager Fund Kotak Money Market Scheme Bandhan Money Manager Fund Point 1 Bottom quartile AUM (₹17,557 Cr). Highest AUM (₹32,150 Cr). Lower mid AUM (₹27,383 Cr). Upper mid AUM (₹28,762 Cr). Bottom quartile AUM (₹14,466 Cr). Point 2 Established history (17+ yrs). Oldest track record among peers (23 yrs). Established history (20+ yrs). Established history (23+ yrs). Established history (23+ yrs). Point 3 Rating: 4★ (upper mid). Rating: 3★ (bottom quartile). Top rated. Rating: 4★ (lower mid). Rating: 3★ (bottom quartile). Point 4 Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Moderately Low. Point 5 1Y return: 6.32% (top quartile). 1Y return: 6.28% (upper mid). 1Y return: 6.28% (lower mid). 1Y return: 6.28% (bottom quartile). 1Y return: 6.27% (bottom quartile). Point 6 1M return: 0.57% (top quartile). 1M return: 0.56% (bottom quartile). 1M return: 0.57% (lower mid). 1M return: 0.56% (bottom quartile). 1M return: 0.57% (upper mid). Point 7 Sharpe: 0.81 (lower mid). Sharpe: 0.82 (top quartile). Sharpe: 0.69 (bottom quartile). Sharpe: 0.75 (bottom quartile). Sharpe: 0.81 (upper mid). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 7.58% (bottom quartile). Yield to maturity (debt): 7.79% (top quartile). Yield to maturity (debt): 6.95% (bottom quartile). Yield to maturity (debt): 7.71% (lower mid). Yield to maturity (debt): 7.75% (upper mid). Point 10 Modified duration: 0.56 yrs (top quartile). Modified duration: 0.59 yrs (lower mid). Modified duration: 0.57 yrs (upper mid). Modified duration: 0.60 yrs (bottom quartile). Modified duration: 0.64 yrs (bottom quartile). UTI Money Market Fund
Tata Money Market Fund
Aditya Birla Sun Life Money Manager Fund
Kotak Money Market Scheme
Bandhan Money Manager 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. Below is the key information for UTI 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 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 Below is the key information for Aditya Birla Sun Life 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 (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 1. UTI Money Market Fund
UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (07 Aug 26) ₹3,309.15 ↑ 0.74 (0.02 %) Net Assets (Cr) ₹17,557 on 30 Jun 26 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 0.81 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.58% Effective Maturity 6 Months 20 Days Modified Duration 6 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,385 31 Jul 23 ₹11,121 31 Jul 24 ₹11,962 31 Jul 25 ₹12,929 31 Jul 26 ₹13,736 Returns for UTI Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.4% 1 Year 6.3% 3 Year 7.3% 5 Year 6.6% 10 Year 15 Year Since launch 7.3% 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 4.67 Yr. Amit Sharma 7 Jul 17 9.07 Yr. Data below for UTI Money Market Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 89.45% Debt 10.24% Other 0.32% Debt Sector Allocation
Sector Value Corporate 48.45% Cash Equivalent 33.24% Government 18% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹657 Cr 6,629,850,000 Indusind Bank Ltd.
Debentures | -2% ₹340 Cr 3,500,000,000 Tbill
Sovereign Bonds | -2% ₹298 Cr 3,000,000,000 Tbill
Sovereign Bonds | -2% ₹298 Cr 3,000,000,000 5.74% Govt Stock 2026
Sovereign Bonds | -2% ₹280 Cr 2,800,000,000 UCO Bank
Domestic Bonds | -1% ₹234 Cr 2,500,000,000
↑ 2,500,000,000 Tbill
Sovereign Bonds | -1% ₹199 Cr 2,000,000,000 Axis Bank Ltd.
Debentures | -1% ₹192 Cr 2,000,000,000 Indian Overseas Bank
Debentures | -1% ₹192 Cr 2,000,000,000 Axis Bank Ltd.
Debentures | -1% ₹192 Cr 2,000,000,000 2. Tata Money Market Fund
Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (07 Aug 26) ₹5,064.93 ↑ 1.08 (0.02 %) Net Assets (Cr) ₹32,150 on 30 Jun 26 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.44 Sharpe Ratio 0.82 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.79% Effective Maturity 7 Months 1 Day Modified Duration 7 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,375 31 Jul 23 ₹11,103 31 Jul 24 ₹11,944 31 Jul 25 ₹12,900 31 Jul 26 ₹13,701 Returns for Tata Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.4% 1 Year 6.3% 3 Year 7.3% 5 Year 6.5% 10 Year 15 Year Since launch 6.8% 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 12.8 Yr. Harsh Dave 1 Jun 26 0.17 Yr. Data below for Tata Money Market Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 86.52% Debt 13.18% Other 0.3% Debt Sector Allocation
Sector Value Corporate 47.46% Cash Equivalent 33.43% Government 18.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹1,411 Cr 142,500,000 India (Republic of)
- | -3% ₹912 Cr 93,500,000
↑ 93,500,000 Indian Bank
Domestic Bonds | -2% ₹766 Cr 15,500
↓ -4,000 Axis Bank Ltd.
Debentures | -2% ₹718 Cr 15,000 Indian Overseas Bank
Debentures | -2% ₹670 Cr 14,000 Equitas Small Finance Bank Ltd.
Debentures | -2% ₹571 Cr 12,000 India (Republic of)
- | -2% ₹535 Cr 55,000,000
↑ 55,000,000 7.86% Karnataka Sdl 2027
Sovereign Bonds | -1% ₹491 Cr 48,500,000 Tbill
Sovereign Bonds | -1% ₹446 Cr 45,000,000 India (Republic of)
- | -1% ₹401 Cr 40,500,000 3. Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life Money Manager Fund
Growth Launch Date 13 Oct 05 NAV (07 Aug 26) ₹396.886 ↑ 0.08 (0.02 %) Net Assets (Cr) ₹27,383 on 30 Jun 26 Category Debt - Money Market AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.35 Sharpe Ratio 0.69 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.95% Effective Maturity 6 Months 29 Days Modified Duration 6 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,381 31 Jul 23 ₹11,117 31 Jul 24 ₹11,961 31 Jul 25 ₹12,918 31 Jul 26 ₹13,720 Returns for Aditya Birla Sun Life Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.4% 1 Year 6.3% 3 Year 7.3% 5 Year 6.6% 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 15.06 Yr. Anuj Jain 22 Mar 21 5.36 Yr. Mohit Sharma 1 Apr 17 9.34 Yr. Data below for Aditya Birla Sun Life Money Manager Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 65.54% Debt 34.46% Debt Sector Allocation
Sector Value Corporate 55.48% Cash Equivalent 32.51% Government 12.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indusind Bank Ltd.
Debentures | -5% ₹1,393 Cr 29,000 Indusind Bank Ltd.
Debentures | -4% ₹1,112 Cr 22,900 Axis Bank Ltd.
Debentures | -3% ₹922 Cr 19,000 Federal Bank Ltd.
Debentures | -3% ₹911 Cr 19,000 Gujarat State Development Loans
Sovereign Bonds | -3% ₹797 Cr 79,327,600 Karur Vysya Bank Ltd.
Debentures | -2% ₹479 Cr 10,000 Tbill
Sovereign Bonds | -1% ₹396 Cr 40,000,000 Indian Bank
Domestic Bonds | -1% ₹392 Cr 8,000
↑ 8,000 7.49% Gujarat Sgs 2026
Sovereign Bonds | -1% ₹326 Cr 32,500,000 7.43% Gujarat Sgs 2027
Sovereign Bonds | -1% ₹247 Cr 24,500,000 4. Kotak Money Market Scheme
Kotak Money Market Scheme
Growth Launch Date 14 Jul 03 NAV (07 Aug 26) ₹4,816.45 ↑ 1.14 (0.02 %) Net Assets (Cr) ₹28,762 on 30 Jun 26 Category Debt - Money Market AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.36 Sharpe Ratio 0.75 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.71% Effective Maturity 7 Months 6 Days Modified Duration 7 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,386 31 Jul 23 ₹11,108 31 Jul 24 ₹11,943 31 Jul 25 ₹12,897 31 Jul 26 ₹13,697 Returns for Kotak Money Market Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.4% 1 Year 6.3% 3 Year 7.3% 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 4.9% 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 1 Nov 06 19.76 Yr. Manu Sharma 1 Nov 22 3.75 Yr. Data below for Kotak Money Market Scheme as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 92.2% Debt 7.48% Other 0.32% Debt Sector Allocation
Sector Value Corporate 45.8% Cash Equivalent 34.83% Government 19.05% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹1,338 Cr 135,000,000 Tbill
Sovereign Bonds | -3% ₹992 Cr 100,000,000 Tbill
Sovereign Bonds | -3% ₹745 Cr 75,000,000 Indusind Bank Ltd.
Debentures | -2% ₹721 Cr 75,000 Punjab National Bank
Debentures | -2% ₹482 Cr 50,000 06/08/2026 Maturing 182 DTB
Sovereign Bonds | -1% ₹399 Cr 40,000,000 Tbill
Sovereign Bonds | -1% ₹372 Cr 37,500,000 Federal Bank Ltd.
Debentures | -1% ₹361 Cr 37,500 India (Republic of)
- | -1% ₹249 Cr 25,000,000 Karur Vysya Bank Ltd.
Debentures | -1% ₹240 Cr 25,000 5. Bandhan Money Manager Fund
Bandhan Money Manager Fund
Growth Launch Date 18 Feb 03 NAV (07 Aug 26) ₹43.2225 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹14,466 on 30 Jun 26 Category Debt - Money Market AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.58 Sharpe Ratio 0.81 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.75% Effective Maturity 7 Months 21 Days Modified Duration 7 Months 21 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,304 31 Jul 23 ₹10,949 31 Jul 24 ₹11,691 31 Jul 25 ₹12,612 31 Jul 26 ₹13,391 Returns for Bandhan Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.3% 1 Year 6.3% 3 Year 7% 5 Year 6% 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 4.67 Yr. Brijesh Shah 12 Jul 21 5.05 Yr. Data below for Bandhan Money Manager Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 82.81% Debt 16.9% Other 0.29% Debt Sector Allocation
Sector Value Corporate 47.65% Cash Equivalent 31.08% Government 20.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.74% Govt Stock 2026
Sovereign Bonds | -3% ₹469 Cr 46,901,500
↓ -6,500,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹334 Cr 35,000,000 Tbill
Sovereign Bonds | -2% ₹323 Cr 32,500,000
↓ -55,000,000 Canara Bank
Domestic Bonds | -2% ₹304 Cr 32,500,000
↑ 32,500,000 8.15% Govt Stock 2026
Sovereign Bonds | -2% ₹217 Cr 21,500,000 ICICI Bank Ltd.
Debentures | -1% ₹191 Cr 20,000,000 Axis Bank Ltd.
Debentures | -1% ₹144 Cr 15,000,000
↑ 10,000,000 7.08% Karnataka Sdl 2026
Sovereign Bonds | -1% ₹106 Cr 10,500,000 Tbill
Sovereign Bonds | -1% ₹99 Cr 10,000,000 HDFC Bank Ltd.
Debentures | -1% ₹96 Cr 10,000,000
While we have learnt about money market instruments it's also important to know about debt mutual funds, their types, and classifications. Well, debt mutual funds are classified into general broad categories such as Liquid Funds, Ultra short term funds, Short Term Funds, Long Term Income Funds and Gilt Funds.
However, to invest in money market funds, it’s very important to understand the situation of the economy, the direction of interest rates, and the expected direction of movement of yields in corporate debt as well as government debt when investing.
Research Highlights for UTI Money Market Fund