Money market funds are basically open-ended debt schemes that invest in the money market instruments that have maturity period of up to 1 year. These funds usually invest in the short-term debt securities such as commercial paper, US treasury bills, certificate of deposits, etc. These money market schemes are appropriate for investors who are interested in investing for a period of up to 365 days. The risk involved in this scheme is low and therefore it is one of the best investment options for conservative investors.
ABSL Tax Relief 96 Fund is ranked as best tax saver fund generting 24.15% Returns in past 5 years.
Save up to Rs.46,350 + FREE Insurance worth 26 Lac INVEST NOW| Fund Name | Latest NAV (₹) | Return (%) | Double Money In | 1 Lac Grew To (₹) | |
|---|---|---|---|---|---|
|
L&T Money Market Fund (G)
Moderate risk | Money Market
|
18.19 | 8 | 8Y 10M | 1.26 L | Invest |
|
DSP Savings Fund (G)
Low risk | Money Market
|
36.06 | 6.59 | 10Y 3M | 1.21 L | Invest |
|
ICICI Prudential Money Market Fund (G)
Moderate risk | Money Market
|
254.81 | 7.34 | 9Y 2M | 1.24 L | Invest |
|
Reliance Money Market Fund (G)
Moderate risk | Money Market
|
2778.81 | 7.38 | 9Y 2M | 1.24 L | Invest |
|
Kotak Money Market Scheme (G)
Moderate risk | Money Market
|
3027.72 | 7.34 | 8Y 12M | -- | Invest |
|
Invesco India Money Market Fund (G)
Low risk | Money Market
|
2106.17 | 7.32 | 8Y 12M | 1.24 L | Invest |
|
SBI Savings Fund (G)
Moderate High risk | Money Market
|
28.52 | 7.28 | 9Y 4M | 1.24 L | Invest |
|
IDFC Money Manager Treasury Regular (G)
Average risk | Money Market
|
28.39 | 6.82 | 9Y 8M | 1.22 L | Invest |
|
Sundaram Money Market Fund - Regular Plan (G)
Moderate Low risk | Money Market
|
10.28 | -- | - | -- | Invest |
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