Top 4 Mutual Funds for Low Risk Investors

Updated on September 10, 2026 , 4138 views

If you are approaching retirement or are a newbie to Mutual Funds or if you are looking for an investment that won’t cause you much loss and protect your funds at the same time, then we have got some options that you need to have a look at. Ideally, low-risk investors are the one who wants to invest their money, but don’t want to risk their investments. In other words, they want to make a safe investment in Mutual Funds.

Debt funds, a type of Mutual Fund, have some of the best low-risk investments for conservative investors. As debt funds invest in government Bonds, money market securities, etc., they carry a lower risk, compared to equities. Also, since these funds have a low-risk, the maturity duration of these funds is short, varying from a few days to a year. But, these funds are known for this short-term returns. Risk-averse investors can invest in these funds for a short duration and earn optimal returns.

Best Low Risk Mutual Funds for Low Risk Investors

Fund Selection Methodology used to find 4 funds

Category: Debt
Sub-category: Overnight
AUM Range: 100 to 1000000 Cr
Sorted On : 6-month return (high to low)
Tags: fcpro
No Of Funds: 4

Overnight Funds

These are a debt scheme that will invest in bonds that mature in a day. In other words, investment is done in overnight securities with a maturity of one day. This is a safe option for investors who want to park money without worrying about risks and returns. Some overnight scheme, in order to generate credit risk-free return by way of income or growth, invests in Central Government Securities, Treasury Bills, Call Money and Repos. This is a great option for investors who want to invest their surplus amount for a night. However, one who don't want to redeem their fund overnight, can let it remain in the scheme.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Overnight Fund Growth	₹3,728.85 ↑ 0.47	₹5,089	1.3	2.6	5.2	6	5.8	5.41%	2D	2D
SBI Overnight Fund Growth	₹4,418.72 ↑ 0.55	₹29,876	1.3	2.6	5.2	6	5.7	5.39%	1D	1D
HDFC Overnight Fund Growth	₹4,040.55 ↑ 0.51	₹11,145	1.3	2.5	5.1	5.9	5.7	5.6%	2D	2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Sep 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Overnight Fund	SBI Overnight Fund	HDFC Overnight Fund
Point 1	Bottom quartile AUM (₹5,089 Cr).	Highest AUM (₹29,876 Cr).	Lower mid AUM (₹11,145 Cr).
Point 2	Established history (22+ yrs).	Established history (23+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Top rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 5.23% (upper mid).	1Y return: 5.18% (lower mid).	1Y return: 5.15% (bottom quartile).
Point 6	1M return: 0.41% (upper mid).	1M return: 0.41% (lower mid).	1M return: 0.41% (bottom quartile).
Point 7	Sharpe: -15.39 (upper mid).	Sharpe: -17.50 (lower mid).	Sharpe: -19.68 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 5.41% (lower mid).	Yield to maturity (debt): 5.39% (bottom quartile).	Yield to maturity (debt): 5.60% (upper mid).
Point 10	Modified duration: 0.01 yrs (lower mid).	Modified duration: 0.00 yrs (upper mid).	Modified duration: 0.01 yrs (bottom quartile).

UTI Overnight Fund

Bottom quartile AUM (₹5,089 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 5.23% (upper mid).
1M return: 0.41% (upper mid).
Sharpe: -15.39 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.41% (lower mid).
Modified duration: 0.01 yrs (lower mid).

SBI Overnight Fund

Highest AUM (₹29,876 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Low.
1Y return: 5.18% (lower mid).
1M return: 0.41% (lower mid).
Sharpe: -17.50 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.39% (bottom quartile).
Modified duration: 0.00 yrs (upper mid).

HDFC Overnight Fund

Lower mid AUM (₹11,145 Cr).
Oldest track record among peers (24 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Low.
1Y return: 5.15% (bottom quartile).
1M return: 0.41% (bottom quartile).
Sharpe: -19.68 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.60% (upper mid).
Modified duration: 0.01 yrs (bottom quartile).

About the Fincash Research Team

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

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AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

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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.

Liquid Funds

Liquid Funds invest in securities that have a low maturity period, usually less than 91 days. These funds mainly invest in treasury bills, commercial papers, term deposit, etc. Liquid funds provide easy liquidity and are least volatile than the other types of debt instruments. Also, liquids are a better option than traditional Bank Savings Account. In comparison to bank account, liquid funds provide 7-8% of annual interest. Generally, anyone having idle cash in their savings account must have thought of Investing it somewhere to make more money out of it. Investors who want risk-free investment can ideally prefer investing in these funds.

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Invesco India Liquid Fund Growth	₹3,864.57 ↑ 0.58	₹20,723	0.5	1.7	3.5	6.5	6.5	6.32%	1M 11D	1M 11D
Axis Liquid Fund Growth	₹3,131.18 ↑ 0.23	₹56,438	0.5	1.7	3.5	6.5	6.6	6.47%	2M 5D	2M 5D
BOI AXA Liquid Fund Growth	₹3,239.62 ↑ 0.99	₹1,728	0.6	1.7	3.5	6.5	6.6	6.26%	1M 13D	1M 13D
Edelweiss Liquid Fund Growth	₹3,595.82 ↑ 0.31	₹13,796	0.5	1.7	3.5	6.5	6.5	6.33%	2M 2D	2M 2D
PGIM India Insta Cash Fund Growth	₹365.869 ↑ 0.05	₹787	0.5	1.7	3.5	6.4	6.5	6.34%	1M 28D	2M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Sep 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Invesco India Liquid Fund	Axis Liquid Fund	BOI AXA Liquid Fund	Edelweiss Liquid Fund	PGIM India Insta Cash Fund
Point 1	Upper mid AUM (₹20,723 Cr).	Highest AUM (₹56,438 Cr).	Bottom quartile AUM (₹1,728 Cr).	Lower mid AUM (₹13,796 Cr).	Bottom quartile AUM (₹787 Cr).
Point 2	Oldest track record among peers (19 yrs).	Established history (16+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (19+ yrs).
Point 3	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 2★ (bottom quartile).	Top rated.
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.46% (bottom quartile).	1Y return: 6.50% (upper mid).	1Y return: 6.50% (top quartile).	1Y return: 6.49% (lower mid).	1Y return: 6.44% (bottom quartile).
Point 6	1M return: 0.54% (lower mid).	1M return: 0.54% (bottom quartile).	1M return: 0.56% (top quartile).	1M return: 0.55% (upper mid).	1M return: 0.52% (bottom quartile).
Point 7	Sharpe: 2.42 (bottom quartile).	Sharpe: 2.57 (upper mid).	Sharpe: 2.77 (top quartile).	Sharpe: 2.51 (lower mid).	Sharpe: 2.48 (bottom quartile).
Point 8	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 2.18 (top quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 1.02 (upper mid).
Point 9	Yield to maturity (debt): 6.32% (bottom quartile).	Yield to maturity (debt): 6.47% (top quartile).	Yield to maturity (debt): 6.26% (bottom quartile).	Yield to maturity (debt): 6.33% (lower mid).	Yield to maturity (debt): 6.34% (upper mid).
Point 10	Modified duration: 0.12 yrs (top quartile).	Modified duration: 0.18 yrs (bottom quartile).	Modified duration: 0.12 yrs (upper mid).	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.16 yrs (lower mid).

Invesco India Liquid Fund

Upper mid AUM (₹20,723 Cr).
Oldest track record among peers (19 yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.46% (bottom quartile).
1M return: 0.54% (lower mid).
Sharpe: 2.42 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.32% (bottom quartile).
Modified duration: 0.12 yrs (top quartile).

Axis Liquid Fund

Highest AUM (₹56,438 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.50% (upper mid).
1M return: 0.54% (bottom quartile).
Sharpe: 2.57 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.47% (top quartile).
Modified duration: 0.18 yrs (bottom quartile).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,728 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.50% (top quartile).
1M return: 0.56% (top quartile).
Sharpe: 2.77 (top quartile).
Information ratio: 2.18 (top quartile).
Yield to maturity (debt): 6.26% (bottom quartile).
Modified duration: 0.12 yrs (upper mid).

Edelweiss Liquid Fund

Lower mid AUM (₹13,796 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.49% (lower mid).
1M return: 0.55% (upper mid).
Sharpe: 2.51 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.33% (lower mid).
Modified duration: 0.17 yrs (bottom quartile).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹787 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.44% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: 2.48 (bottom quartile).
Information ratio: 1.02 (upper mid).
Yield to maturity (debt): 6.34% (upper mid).
Modified duration: 0.16 yrs (lower mid).

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Ultra Short Term Funds

Ultra short duration funds invest in fixed income instruments which have a Macaulay duration between three to six months. Ultra short-term funds help investors avoid interest rate risks and also offer better returns compared to liquid debt funds. These funds are short-term investments that are highly suitable for investors who are willing to marginally increase the risk of investment to earn good returns. Typically, the yield on a debt instrument is higher for instruments with longer maturities. Thus, securities in ultra short mutual funds usually earn a higher yield as compared to Liquid funds (albeit at a relatively higher risk). As a result, ultra short term funds may give marginally better returns than liquid funds over comparable periods of time.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Invesco India Ultra Short Term Fund Growth	₹2,900.73 ↓ -0.42	₹1,073	1.9	3.5	6.3	6.9	6.8	7.03%	5M 3D	5M 7D
Aditya Birla Sun Life Savings Fund Growth	₹591.653 ↓ -0.18	₹18,189	1.9	3.4	6.5	7.3	7.4	7.45%	5M 26D	6M 18D
ICICI Prudential Ultra Short Term Fund Growth	₹29.8412 ↓ -0.01	₹15,455	1.8	3.4	6.4	7	7.1	7.17%	5M 8D	6M 18D
BOI AXA Ultra Short Duration Fund Growth	₹3,390.87 ↓ -0.74	₹168	1.8	3.4	6.1	6.4	6.5	6.7%	4M 28D	5M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	Invesco India Ultra Short Term Fund	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	BOI AXA Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Lower mid AUM (₹1,073 Cr).	Highest AUM (₹18,189 Cr).	Upper mid AUM (₹15,455 Cr).	Bottom quartile AUM (₹168 Cr).
Point 2	Established history (18+ yrs).	Established history (15+ yrs).	Oldest track record among peers (23 yrs).	Established history (15+ yrs).	Established history (18+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.26% (bottom quartile).	1Y return: 6.46% (upper mid).	1Y return: 6.37% (lower mid).	1Y return: 6.06% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.55% (lower mid).	1M return: 0.56% (upper mid).	1M return: 0.53% (bottom quartile).	1M return: 0.52% (bottom quartile).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: 0.56 (bottom quartile).	Sharpe: 0.81 (upper mid).	Sharpe: 0.81 (lower mid).	Sharpe: 0.30 (bottom quartile).
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): 0.00% (bottom quartile).	Yield to maturity (debt): 7.03% (lower mid).	Yield to maturity (debt): 7.45% (top quartile).	Yield to maturity (debt): 7.17% (upper mid).	Yield to maturity (debt): 6.70% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.42 yrs (lower mid).	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.41 yrs (upper mid).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

Invesco India Ultra Short Term Fund

Lower mid AUM (₹1,073 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.26% (bottom quartile).
1M return: 0.55% (lower mid).
Sharpe: 0.56 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.03% (lower mid).
Modified duration: 0.42 yrs (lower mid).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹18,189 Cr).
Oldest track record among peers (23 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.46% (upper mid).
1M return: 0.56% (upper mid).
Sharpe: 0.81 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.45% (top quartile).
Modified duration: 0.49 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹15,455 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.37% (lower mid).
1M return: 0.53% (bottom quartile).
Sharpe: 0.81 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.17% (upper mid).
Modified duration: 0.44 yrs (bottom quartile).

BOI AXA Ultra Short Duration Fund

Bottom quartile AUM (₹168 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 6.06% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: 0.30 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.70% (bottom quartile).
Modified duration: 0.41 yrs (upper mid).

Money Market Funds

The money market fund invests in many markets such as commercial/treasury bills, commercial papers, certificate of deposit and other instruments specified by the Reserve Bank of India (RBI). These investments are a good option for risk-averse investors who want to earn good returns in short duration. This debt scheme will invest in money market instruments having a maturity up to one year. 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.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Money Manager Fund Growth	₹399.64 ↓ -0.05	₹30,160	2.1	3.6	6.5	7.3	7.4	6.95%	6M 25D	6M 29D
Tata Money Market Fund Growth	₹5,098.85 ↓ -0.70	₹34,138	2	3.5	6.5	7.3	7.4	6.81%	6M 5D	6M 5D
UTI Money Market Fund Growth	₹3,331.28 ↓ -0.44	₹18,782	2	3.5	6.5	7.3	7.5	6.87%	6M 19D	6M 19D
Nippon India Money Market Fund Growth	₹4,480.82 ↓ -0.42	₹23,227	2	3.5	6.4	7.3	7.4	6.89%	6M 12D	6M 26D
Kotak Money Market Scheme Growth	₹4,847.99 ↓ -0.56	₹30,297	2	3.5	6.5	7.3	7.4	6.87%	6M 18D	6M 18D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Sep 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Aditya Birla Sun Life Money Manager Fund	Tata Money Market Fund	UTI Money Market Fund	Nippon India Money Market Fund	Kotak Money Market Scheme
Point 1	Lower mid AUM (₹30,160 Cr).	Highest AUM (₹34,138 Cr).	Bottom quartile AUM (₹18,782 Cr).	Bottom quartile AUM (₹23,227 Cr).	Upper mid AUM (₹30,297 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (23 yrs).	Established history (17+ yrs).	Established history (21+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.50% (upper mid).	1Y return: 6.47% (lower mid).	1Y return: 6.51% (top quartile).	1Y return: 6.44% (bottom quartile).	1Y return: 6.46% (bottom quartile).
Point 6	1M return: 0.60% (top quartile).	1M return: 0.58% (upper mid).	1M return: 0.57% (lower mid).	1M return: 0.57% (bottom quartile).	1M return: 0.56% (bottom quartile).
Point 7	Sharpe: 0.63 (bottom quartile).	Sharpe: 0.74 (top quartile).	Sharpe: 0.73 (upper mid).	Sharpe: 0.62 (bottom quartile).	Sharpe: 0.68 (lower 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): 6.95% (top quartile).	Yield to maturity (debt): 6.81% (bottom quartile).	Yield to maturity (debt): 6.87% (lower mid).	Yield to maturity (debt): 6.89% (upper mid).	Yield to maturity (debt): 6.87% (bottom quartile).
Point 10	Modified duration: 0.57 yrs (bottom quartile).	Modified duration: 0.51 yrs (top quartile).	Modified duration: 0.55 yrs (bottom quartile).	Modified duration: 0.53 yrs (upper mid).	Modified duration: 0.55 yrs (lower mid).

Aditya Birla Sun Life Money Manager Fund

Lower mid AUM (₹30,160 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.50% (upper mid).
1M return: 0.60% (top quartile).
Sharpe: 0.63 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.95% (top quartile).
Modified duration: 0.57 yrs (bottom quartile).

Tata Money Market Fund

Highest AUM (₹34,138 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.47% (lower mid).
1M return: 0.58% (upper mid).
Sharpe: 0.74 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.81% (bottom quartile).
Modified duration: 0.51 yrs (top quartile).

UTI Money Market Fund

Bottom quartile AUM (₹18,782 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.51% (top quartile).
1M return: 0.57% (lower mid).
Sharpe: 0.73 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.87% (lower mid).
Modified duration: 0.55 yrs (bottom quartile).

Nippon India Money Market Fund

Bottom quartile AUM (₹23,227 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.44% (bottom quartile).
1M return: 0.57% (bottom quartile).
Sharpe: 0.62 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.89% (upper mid).
Modified duration: 0.53 yrs (upper mid).

Kotak Money Market Scheme

Upper mid AUM (₹30,297 Cr).
Established history (23+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.46% (bottom quartile).
1M return: 0.56% (bottom quartile).
Sharpe: 0.68 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.87% (bottom quartile).
Modified duration: 0.55 yrs (lower mid).

*Above is list of best low-risk funds are having AUM/Net Assets above 100 Crore. Sorted on Last 6 Months Return.

1. Franklin India Ultra Short Bond Fund - Super Institutional Plan

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.

Research Highlights for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (upper mid).
Sharpe: 2.57 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).
Average maturity: 1.04 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth
Launch Date	18 Dec 07
NAV (07 Aug 22)	₹34.9131 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹297 on 31 Jul 22
Category	Debt - Ultrashort Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆
Risk	Moderate
Expense Ratio	0.52
Sharpe Ratio	2.57
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity	1 Year 15 Days
Modified Duration

Growth of 10,000 investment over the years.

Date	Value

Franklin India Ultra Short Bond Fund - Super Institutional Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Purchase not allowed

Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.3%
6 Month	5.9%
1 Year	13.7%
3 Year	8.8%
5 Year	8.7%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Name	Since	Tenure

Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Jul 22

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. Aditya Birla Sun Life Money Manager Fund

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

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

Research Highlights for Aditya Birla Sun Life Money Manager Fund

Upper mid AUM (₹30,160 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.50% (lower mid).
1M return: 0.60% (top quartile).
Sharpe: 0.63 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.95% (top quartile).
Modified duration: 0.57 yrs (bottom quartile).
Average maturity: 0.58 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~69%).
High-quality debt (AAA/AA ~100%).
Largest holding Indusind Bank Ltd. (~4.6%).

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 (11 Sep 26)	₹399.64 ↓ -0.05 (-0.01 %)
Net Assets (Cr)	₹30,160 on 31 Jul 26
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.35
Sharpe Ratio	0.63
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 Aug 21	₹10,000
31 Aug 22	₹10,396
31 Aug 23	₹11,138
31 Aug 24	₹11,984
31 Aug 25	₹12,927
31 Aug 26	₹13,755

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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	2.1%
6 Month	3.6%
1 Year	6.5%
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 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	68.9%
Debt	31.1%

Debt Sector Allocation

Sector	Value
Corporate	55.57%
Cash Equivalent	31.95%
Government	12.48%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	5%	₹1,406 Cr	29,000
The Jammu And Kashmir Bank Limited Debentures \| -	3%	₹963 Cr	20,000
Axis Bank Ltd. Debentures \| -	3%	₹929 Cr	19,000
Federal Bank Ltd. Debentures \| -	3%	₹918 Cr	19,000
Gujarat State Development Loans Sovereign Bonds \| -	3%	₹797 Cr	79,327,600
India (Republic of) - \| -	2%	₹495 Cr	50,000,000
Karur Vysya Bank Ltd. Debentures \| -	2%	₹482 Cr	10,000
The Jammu And Kashmir Bank Limited Debentures \| -	2%	₹481 Cr	10,000
Tbill Sovereign Bonds \| -	1%	₹397 Cr	40,000,000
India (Republic of) - \| -	1%	₹272 Cr	27,500,000 ↑ 27,500,000

3. 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 (₹34,138 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.47% (bottom quartile).
1M return: 0.58% (lower mid).
Sharpe: 0.74 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.81% (bottom quartile).
Modified duration: 0.51 yrs (upper mid).
Average maturity: 0.51 yrs (top quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~81%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~4.1%).

Below is the key information for Tata Money Market Fund

Tata Money Market Fund Growth
Launch Date	22 May 03
NAV (11 Sep 26)	₹5,098.85 ↓ -0.70 (-0.01 %)
Net Assets (Cr)	₹34,138 on 31 Jul 26
Category	Debt - Money Market
AMC	Tata Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.44
Sharpe Ratio	0.74
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.81%
Effective Maturity	6 Months 5 Days
Modified Duration	6 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,390
31 Aug 23	₹11,124
31 Aug 24	₹11,967
31 Aug 25	₹12,909
31 Aug 26	₹13,733

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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	2%
6 Month	3.5%
1 Year	6.5%
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	7.7%
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	12.88 Yr.
Harsh Dave	1 Jun 26	0.25 Yr.

Data below for Tata Money Market Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	81.43%
Debt	18.27%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	47.62%
Cash Equivalent	32%
Government	20.08%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹1,417 Cr	142,500,000
India (Republic of) - \| -	2%	₹829 Cr	85,000,000
IDFC First Bank Ltd. Debentures \| -	2%	₹729 Cr	15,000
Axis Bank Ltd. Debentures \| -	2%	₹724 Cr	15,000
The Jammu And Kashmir Bank Limited Debentures \| -	2%	₹722 Cr	15,000
Indian Overseas Bank Debentures \| -	2%	₹675 Cr	14,000
Equitas Small Finance Bank Ltd. Debentures \| -	2%	₹576 Cr	12,000
7.86% Karnataka Sdl 2027 Sovereign Bonds \| -	1%	₹491 Cr	48,500,000
India (Republic of) - \| -	1%	₹403 Cr	40,500,000
India (Republic of) - \| -	1%	₹320 Cr	32,000,000 ↑ 12,000,000

4. 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 (₹18,782 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.51% (upper mid).
1M return: 0.57% (bottom quartile).
Sharpe: 0.73 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.87% (lower mid).
Modified duration: 0.55 yrs (bottom quartile).
Average maturity: 0.55 yrs (upper mid).
Exit load: NIL.
Top sector: Real Estate.
Top bond sector: Corporate.
Conservative stance with elevated cash (~89%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~3.4%).

Below is the key information for UTI Money Market Fund

UTI Money Market Fund Growth
Launch Date	13 Jul 09
NAV (11 Sep 26)	₹3,331.28 ↓ -0.44 (-0.01 %)
Net Assets (Cr)	₹18,782 on 31 Jul 26
Category	Debt - Money Market
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	0.73
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.87%
Effective Maturity	6 Months 19 Days
Modified Duration	6 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,400
31 Aug 23	₹11,144
31 Aug 24	₹11,986
31 Aug 25	₹12,939
31 Aug 26	₹13,770

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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	2%
6 Month	3.5%
1 Year	6.5%
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	4.75 Yr.
Amit Sharma	7 Jul 17	9.16 Yr.

Data below for UTI Money Market Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	88.64%
Debt	11.07%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	46.15%
Cash Equivalent	34%
Government	19.55%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	3%	₹660 Cr	6,629,850,000
India (Republic of) - \| -	2%	₹390 Cr	4,000,000,000 ↑ 4,000,000,000
Tbill Sovereign Bonds \| -	2%	₹300 Cr	3,000,000,000
Tbill Sovereign Bonds \| -	2%	₹299 Cr	3,000,000,000
5.74% Govt Stock 2026 Sovereign Bonds \| -	1%	₹280 Cr	2,800,000,000
UCO Bank Domestic Bonds \| -	1%	₹236 Cr	2,500,000,000
Tbill Sovereign Bonds \| -	1%	₹200 Cr	2,000,000,000
Indian Overseas Bank Debentures \| -	1%	₹193 Cr	2,000,000,000
Axis Bank Ltd. Debentures \| -	1%	₹193 Cr	2,000,000,000
Small Industries Development Bank of India Debentures \| -	1%	₹187 Cr	2,000,000,000 ↑ 2,000,000,000

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 (₹23,227 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.44% (bottom quartile).
1M return: 0.57% (bottom quartile).
Sharpe: 0.62 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.89% (upper mid).
Modified duration: 0.53 yrs (lower mid).
Average maturity: 0.57 yrs (lower mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~77%).
High-quality debt (AAA/AA ~100%).
Largest holding UCO Bank (~1.9%).

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund Growth
Launch Date	16 Jun 05
NAV (11 Sep 26)	₹4,480.82 ↓ -0.42 (-0.01 %)
Net Assets (Cr)	₹23,227 on 31 Jul 26
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.39
Sharpe Ratio	0.62
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.89%
Effective Maturity	6 Months 26 Days
Modified Duration	6 Months 12 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,410
31 Aug 23	₹11,147
31 Aug 24	₹11,992
31 Aug 25	₹12,940
31 Aug 26	₹13,761

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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	2%
6 Month	3.5%
1 Year	6.4%
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	7.4%
2024	7.8%
2023	7.4%
2022	5%
2021	3.8%
2020	6%
2019	8.1%
2018	7.9%
2017	6.6%
2016	7.6%

Fund Manager information for Nippon India Money Market Fund

Name	Since	Tenure
Kinjal Desai	16 Jul 18	8.13 Yr.
Vikash Agarwal	14 Sep 24	1.96 Yr.
Amber Singhania	11 Mar 26	0.47 Yr.

Data below for Nippon India Money Market Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	77.27%
Debt	22.47%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	46.97%
Cash Equivalent	34.22%
Government	18.55%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
UCO Bank Domestic Bonds \| -	2%	₹483 Cr	10,000
Tbill Sovereign Bonds \| -	2%	₹424 Cr	42,500,000
India (Republic of) - \| -	2%	₹390 Cr	40,000,000 ↑ 40,000,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	2%	₹385 Cr	8,000 ↑ 7,000
UCO Bank Domestic Bonds \| -	1%	₹331 Cr	7,000
India (Republic of) - \| -	1%	₹294 Cr	30,000,000
Small Industries Development Bank of India Debentures \| -	1%	₹280 Cr	6,000 ↑ 6,000
Bank of Baroda Debentures \| -	1%	₹260 Cr	5,500 ↑ 1,500
Tbill Sovereign Bonds \| -	1%	₹259 Cr	26,000,000
04/02/2027 Maturing 364 DTB Sovereign Bonds \| -	1%	₹244 Cr	25,000,000 ↑ 25,000,000

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