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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₹5153.60+6.40%+7.51%+6.74%32,150
2Axis Money Market Fund - Direct Plan - Growth OptionAxis Mutual Fund₹1546.22+6.34%+7.43%+6.65%17,973
3Nippon India Money Market Fund - Direct Plan Growth Plan - Growth OptionNippon India Mutual Fund₹4499.00+6.27%+7.39%+6.65%21,974
4Aditya Birla Sun Life Money Manager Fund - Growth - Direct PlanAditya Birla Sun Life Mutual Fund₹401.10+6.28%+7.39%+6.63%27,383
5Kotak Money Market Fund - (Growth) - DirectKotak Mahindra Mutual Fund₹4851.34+6.31%+7.38%+6.60%28,762
6Bandhan Money Market Fund -Direct Plan-GrowthBandhan Mutual Fund₹46.74+6.37%+7.38%+6.55%14,466
7Mirae Asset Money Market Fund Direct GrowthMirae Asset Mutual Fund₹1366.25+6.20%+7.38%+0.00%3,814
8Franklin India Money Market Fund - Direct - GrowthFranklin Templeton Mutual Fund₹55.47+6.27%+7.38%+6.53%3,920
9HDFC Money Market Fund - Growth Option - Direct PlanHDFC Mutual Fund₹6238.70+6.28%+7.37%+6.61%28,095
10UTI MMF - Direct Plan - Growth OptionUTI Mutual Fund₹3339.25+6.27%+7.37%+6.62%17,557
11ICICI Prudential Money Market Fund Option - Direct Plan - GrowthICICI Prudential Mutual Fund₹410.89+6.24%+7.36%+6.58%31,085
12SBI SAVINGS FUND - DIRECT PLAN - GROWTHSBI Mutual Fund₹47.53+6.15%+7.29%+6.54%33,005
13Edelweiss Money Market Fund - Direct Plan - Growth OptionEdelweiss Mutual Fund₹33.53+6.28%+7.29%+6.36%2,272
14HSBC Money Market Fund - Direct GrowthHSBC Mutual Fund₹29.60+6.22%+7.28%+6.43%6,218
15Sundaram Money Market Fund Direct Plan - GrowthSundaram Mutual Fund₹16.14+6.23%+7.25%+6.40%1,240
16Baroda BNP Paribas Money Market Fund- Direct Plan - GrowthBaroda BNP Paribas Mutual Fund₹1496.54+6.29%+7.22%+6.34%3,625
17DSP Savings Fund - Direct Plan - GrowthDSP Mutual Fund₹58.03+6.34%+7.21%+6.36%7,178
18Invesco India Money Market Fund - Direct Plan - GrowthInvesco Mutual Fund₹3368.56+6.19%+7.21%+6.35%5,834
19Union Money Market Fund - Direct Plan - Growth OptionUnion Mutual Fund₹1356.16+6.49%+7.18%+0.00%977
20PGIM India Money Market Fund - Direct Plan - Growth OptionPGIM India Mutual Fund₹1460.21+6.13%+7.17%+6.52%132
21TRUSTMF MONEY MARKET FUND-DIRECT PLAN-GROWTHTrust Mutual Fund₹1309.26+6.19%+7.13%+0.00%145
22UTI MMF-Discontinued - Regular Plan -GrowthUTI Mutual Fund₹7616.95+6.17%+7.06%+6.19%17,557
23LIC MF Money Market Fund-Direct Plan-GrowthLIC Mutual Fund₹1289.17+6.44%+6.78%+0.00%3,806
24Shriram Money Market Fund - Direct Plan Growth OptionShriram Mutual Fund₹1032.03+0.00%+0.00%+0.00%126
25JioBlackRock Money Market Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹1065.36+6.21%+0.00%+0.00%3,207
26Groww Money Market Fund Direct GrowthGroww Mutual Fund₹10.38+0.00%+0.00%+0.00%48
27Bank of India Money Market Fund - Direct - GrowthBank of India Mutual Fund₹11.07+6.40%+0.00%+0.00%417
28Bajaj Finserv Money Market Fund-Direct Plan-GrowthBajaj Finserv Mutual Fund₹1242.36+6.30%+0.00%+0.00%3,904

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