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Built for Indian retail investors · NSE · BSE · Mutual Funds

Mutual Funds/Categories/Money Market

Best Money Market Mutual Funds in India

Funds in money-market instruments up to one year. Ranked by 3-year annualised returns (Direct-Growth plans).

#FundNAV1Y3Y5YAUM (Cr)
1Tata Money Market Fund- Direct Plan- Growth OptionTata Mutual Fund₹5094.80+6.17%+7.44%+6.62%37,476
2Axis Money Market Fund - Direct Plan - Growth OptionAxis Mutual Fund₹1528.66+6.11%+7.35%+6.52%21,116
3Nippon India Money Market Fund - Direct Plan Growth Plan - Growth OptionNippon India Mutual Fund₹4447.56+6.03%+7.32%+6.53%21,421
4Aditya Birla Sun Life Money Manager Fund - Growth - Direct PlanAditya Birla Sun Life Mutual Fund₹396.39+6.02%+7.31%+6.51%30,074
5Bandhan Money Market Fund -Direct Plan-GrowthBandhan Mutual Fund₹46.21+6.14%+7.31%+6.42%15,908
6HDFC Money Market Fund - Growth Option - Direct PlanHDFC Mutual Fund₹6168.48+6.05%+7.30%+6.48%29,824
7UTI MMF - Direct Plan - Growth OptionUTI Mutual Fund₹3301.25+6.02%+7.30%+6.49%19,328
8Franklin India Money Market Fund - Direct - GrowthFranklin Templeton Mutual Fund₹54.84+6.02%+7.30%+6.40%4,309
9Mirae Asset Money Market Fund Direct GrowthMirae Asset Mutual Fund₹1350.81+5.96%+7.29%+0.00%4,016
10ICICI Prudential Money Market Fund Option - Direct Plan - GrowthICICI Prudential Mutual Fund₹406.23+6.00%+7.28%+6.44%32,702
11Kotak Money Market Fund - (Growth) - DirectKotak Mahindra Mutual Fund₹4795.51+6.04%+7.28%+6.46%33,700
12SBI SAVINGS FUND - DIRECT PLAN - GROWTHSBI Mutual Fund₹46.99+5.90%+7.22%+6.41%36,291
13Edelweiss Money Market Fund - Direct Plan - Growth OptionEdelweiss Mutual Fund₹33.18+6.03%+7.20%+6.22%2,251
14HSBC Money Market Fund - Direct GrowthHSBC Mutual Fund₹29.26+5.96%+7.19%+6.28%6,639
15Sundaram Money Market Fund Direct Plan - GrowthSundaram Mutual Fund₹15.96+5.98%+7.14%+6.26%1,956
16Invesco India Money Market Fund - Direct Plan - GrowthInvesco Mutual Fund₹3330.41+5.94%+7.13%+6.22%5,938
17Baroda BNP Paribas Money Market Fund- Direct Plan - GrowthBaroda BNP Paribas Mutual Fund₹1479.68+6.08%+7.12%+6.18%3,813
18DSP Savings Fund - Direct Plan - GrowthDSP Mutual Fund₹57.42+6.05%+7.11%+6.22%9,810
19PGIM India Money Market Fund - Direct Plan - Growth OptionPGIM India Mutual Fund₹1444.12+5.89%+7.10%+6.39%134
20Union Money Market Fund - Direct Plan - Growth OptionUnion Mutual Fund₹1340.66+6.21%+7.08%+0.00%877
21TRUSTMF MONEY MARKET FUND-DIRECT PLAN-GROWTHTrust Mutual Fund₹1294.97+5.98%+7.05%+0.00%191
22UTI MMF-Discontinued - Regular Plan -GrowthUTI Mutual Fund₹7531.17+5.93%+6.96%+6.04%19,328
23LIC MF Money Market Fund-Direct Plan-GrowthLIC Mutual Fund₹1274.34+6.17%+6.66%+0.00%5,439
24Shriram Money Market Fund - Direct Plan Growth OptionShriram Mutual Fund₹1021.03+0.00%+0.00%+0.00%285
25JioBlackRock Money Market Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹1053.08+0.00%+0.00%+0.00%2,923
26Groww Money Market Fund Direct GrowthGroww Mutual Fund₹10.28+0.00%+0.00%+0.00%36
27Bank of India Money Market Fund - Direct - GrowthBank of India Mutual Fund₹10.94+6.13%+0.00%+0.00%483
28Bajaj Finserv Money Market Fund-Direct Plan-GrowthBajaj Finserv Mutual Fund₹1228.17+6.07%+0.00%+0.00%3,691

Returns are annualised for periods over 1 year. Past performance does not guarantee future returns. This is not investment advice.

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Large CapMid CapSmall CapFlexi CapLarge & Mid CapMulti CapELSS (Tax Saver)FocusedIndexSectoral / ThematicAggressive HybridBalanced AdvantageConservative HybridMulti Asset AllocationArbitrageLiquidCorporate BondShort DurationGilt