Money Market Mutual Funds

Find here some best Money Market fund to invest

Annual Returns 13.91%
Average Risk Low
Total Funds 28

What is Money Market Mutual Fund?

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.

Top Performing Money Market Funds in India for High Returns

Returns

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NAV Details

Data in this table : Get historical returns. If 1Y column is 10% that means, fund has given 10% returns in last 1 year.

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Fund Name	AUM (Cr.)	Fund Age	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y
Bank Of India Short Term Income Fundinstitutional Plan - Growth	10.97	17 years	-0.05%	0.79%	2.98%	5.1%	-	10.03%	9%	8.73%	7.8%	-	Invest
Bank Of India Ultra Short Durationinstitutional Plan - Growth	97.20	17 years	0.2%	0.77%	2.22%	4.38%	-	8.88%	8.67%	7.9%	-	-	Invest
UTI MMF-Discontinued - Regular Plan -Growth	20319.65	28 years	0.07%	0.38%	1.33%	2.88%	0.98%	7.11%	7.16%	7.15%	5.94%	6.21%	Invest
UTI MMF - Regular Plan - Growth Option	20319.65	16 years	0.07%	0.38%	1.33%	2.88%	0.98%	7.11%	7.33%	7.44%	6.32%	6.68%	Invest
ICICI Prudential Money Market Fund Option - Growth	35305.07	20 years	0.07%	0.34%	1.33%	2.86%	0.99%	7.09%	7.3%	7.42%	6.26%	6.64%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	3898.47	24 years	0.06%	0.35%	1.34%	2.86%	0.99%	7.09%	7.28%	7.37%	6.15%	6.71%	Invest
Axis Money Market Fund - Regular Plan - Growth Option	23789.68	6 years	0.06%	0.37%	1.33%	2.86%	0.99%	7.08%	7.3%	7.42%	6.27%	-	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	21698.62	20 years	0.07%	0.36%	1.3%	2.81%	0.96%	7.05%	7.27%	7.39%	6.31%	6.68%	Invest
Tata Money Market Fund-Regular Plan - Growth Option	36819.05	22 years	0.07%	0.39%	1.33%	2.84%	1%	7.03%	7.27%	7.4%	6.3%	5.9%	Invest
Kotak Money Market Fund - (Growth)	32926.40	-	0.07%	0.37%	1.33%	2.85%	0.99%	7.02%	7.25%	7.37%	6.26%	6.61%	Invest
HDFC Money Market Fund - Growth Option	34062.71	26 years	0.07%	0.37%	1.34%	2.84%	1%	7.02%	7.23%	7.35%	6.23%	6.62%	Invest
Kotak Money Market Fund - (Growth)	32926.40	-	0.07%	0.37%	1.33%	2.85%	0.99%	7.02%	7.25%	7.37%	6.26%	6.61%	Invest
Bandhan Money Market Fund - Regular Plan - Growth	14805.35	23 years	0.08%	0.37%	1.34%	2.85%	1%	6.99%	7.05%	7.01%	5.72%	5.99%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	30777.57	20 years	0.07%	0.39%	1.28%	2.8%	0.94%	6.96%	7.25%	7.41%	6.31%	6.76%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	30777.57	20 years	0.07%	0.39%	1.28%	2.8%	0.94%	6.96%	7.25%	7.41%	6.31%	6.76%	Invest
HSBC Money Market Fund - Regular Growth	5187.40	20 years	0.08%	0.37%	1.3%	2.8%	0.96%	6.92%	7.12%	7.18%	5.81%	6.55%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	4889.19	6 years	0.07%	0.37%	1.25%	2.77%	0.91%	6.91%	7.07%	7.1%	5.81%	-	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	4889.19	6 years	0.07%	0.37%	1.25%	2.77%	0.91%	6.91%	7.07%	7.1%	5.81%	-	Invest
Invesco India Money Market Fund - Growth	5861.99	16 years	0.06%	0.34%	1.28%	2.77%	0.95%	6.82%	6.99%	7.13%	5.88%	6.3%	Invest
Mirae Asset Money Market Fund Regular Growth	3572.67	4 years	0.06%	0.34%	1.22%	2.68%	0.88%	6.78%	7.07%	7.1%	-	-	Invest

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	Mar-2026	Feb-2026	Jan-2026	Dec-2025	Nov-2025	Oct-2025	Sep-2025	Aug-2025	Jul-2025	Jun-2025	May-2025	Apr-2025

Fund Name	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2

Fund Name	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	AUM (Cr.)	Initial NAV	Final NAV	NAV Change	Absolute Ret.	Annalized Ret.

Fund Name	AUM (Cr.)	Risk	6M	1Y	2Y	3Y	5Y	10Y	From Launch
Bank Of India Short Term Income Fundinstitutional Plan - Growth	10.97	Moderate	-	-	-	-	-	-	1.75%	Invest
Bank Of India Ultra Short Durationinstitutional Plan - Growth	97.20		-	-	-	-	-	-	1.2%	Invest
UTI MMF-Discontinued - Regular Plan -Growth	20319.65	Low to Moderate	1.36%	5.92%	6.84%	7%	6.69%	6.16%	28.68%	Invest
UTI MMF - Regular Plan - Growth Option	20319.65	Low to Moderate	1.36%	5.92%	6.89%	7.16%	6.98%	6.57%	17.33%	Invest
ICICI Prudential Money Market Fund Option - Growth	35305.07	Moderate	1.37%	5.9%	6.86%	7.13%	6.93%	6.53%	17.87%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	3898.47	Low to Moderate	1.37%	5.89%	6.87%	7.11%	6.86%	6.48%	7.18%	Invest
Axis Money Market Fund - Regular Plan - Growth Option	23789.68	Moderate	1.36%	5.9%	6.86%	7.13%	6.94%	-	6.56%	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	21698.62	Moderate	1.34%	5.83%	6.82%	7.11%	6.95%	6.57%	37.99%	Invest
Tata Money Market Fund-Regular Plan - Growth Option	36819.05	Low to Moderate	1.36%	5.86%	6.82%	7.1%	6.92%	6.12%	25.31%	Invest
Kotak Money Market Fund - (Growth)	32926.40	Moderate	1.37%	5.88%	6.82%	7.09%	6.91%	6.48%	35.97%	Invest
HDFC Money Market Fund - Growth Option	34062.71	Low to Moderate	1.36%	5.85%	6.8%	7.07%	6.88%	6.52%	32.61%	Invest
Kotak Money Market Fund - (Growth)	32926.40	Moderate	1.37%	5.88%	6.82%	7.09%	6.91%	6.48%	35.97%	Invest
Bandhan Money Market Fund - Regular Plan - Growth	14805.35	Average	1.36%	5.86%	6.75%	6.89%	6.53%	5.86%	6.51%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	30777.57	Moderate	1.33%	5.81%	6.79%	7.09%	6.93%	6.62%	20.23%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	30777.57	Moderate	1.33%	5.81%	6.79%	7.09%	6.93%	6.62%	20.23%	Invest
HSBC Money Market Fund - Regular Growth	5187.40	Low to Moderate	1.33%	5.76%	6.7%	6.94%	6.63%	6.19%	5.18%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	4889.19	Low to Moderate	1.29%	5.73%	6.69%	6.89%	6.6%	-	6.06%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	4889.19	Low to Moderate	1.29%	5.73%	6.69%	6.89%	6.6%	-	6.06%	Invest
Invesco India Money Market Fund - Growth	5861.99	Low to Moderate	1.31%	5.68%	6.59%	6.85%	6.59%	6.14%	43.12%	Invest
Mirae Asset Money Market Fund Regular Growth	3572.67	Low to Moderate	1.26%	5.57%	6.6%	6.89%	-	-	6.74%	Invest

Fund Name	Risk	Standard Deviation	Alpha	Beta	Sharpe Ratio
Bank Of India Short Term Income Fundinstitutional Plan - Growth	Moderate	-	-	-	-	Invest
Bank Of India Ultra Short Durationinstitutional Plan - Growth		-	-	-	-	Invest
UTI MMF-Discontinued - Regular Plan -Growth	Low to Moderate	0.36%	-	1.44%	1.47%	Invest
UTI MMF - Regular Plan - Growth Option	Low to Moderate	0.37%	0.16%	1.45%	2.34%	Invest
ICICI Prudential Money Market Fund Option - Growth	Moderate	0.38%	0.15%	1.46%	2.26%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	Low to Moderate	0.59%	-	-	-	Invest
Axis Money Market Fund - Regular Plan - Growth Option	Moderate	0.37%	0.15%	1.45%	2.29%	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	Moderate	0.54%	-	-	-	Invest
Tata Money Market Fund-Regular Plan - Growth Option	Low to Moderate	0.37%	0.12%	1.46%	2.25%	Invest
Kotak Money Market Fund - (Growth)	Moderate	0.54%	-	-	-	Invest
HDFC Money Market Fund - Growth Option	Low to Moderate	0.56%	-	-	-	Invest
Kotak Money Market Fund - (Growth)	Moderate	0.54%	-	-	-	Invest
Bandhan Money Market Fund - Regular Plan - Growth	Average	0.34%	-	1.34%	1.17%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	Moderate	0.39%	0.09%	1.54%	2.17%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	Moderate	0.39%	0.09%	1.54%	2.17%	Invest
HSBC Money Market Fund - Regular Growth	Low to Moderate	0.62%	-	-	-	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	Low to Moderate	0.36%	-	1.47%	1.37%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	Low to Moderate	0.36%	-	1.47%	1.37%	Invest
Invesco India Money Market Fund - Growth	Low to Moderate	0.71%	-	-	-	Invest
Mirae Asset Money Market Fund Regular Growth	Low to Moderate	0.36%	-	1.38%	1.45%	Invest

Fund Name	Min SIP	Min Lumpsum	Expense Ratio	Fund Manager	Launch Date
Bank Of India Short Term Income Fundinstitutional Plan - Growth	₹0	₹5000	0.6%	-	12-Dec 2008	Invest
Bank Of India Ultra Short Durationinstitutional Plan - Growth	₹0	₹5000	0.1%	-	16-Jul 2008	Invest
UTI MMF-Discontinued - Regular Plan -Growth	₹500	₹500	0.22%	Anurag Mittal	23-Apr 1997	Invest
UTI MMF - Regular Plan - Growth Option	₹500	₹500	0.22%	Anurag Mittal	09-Jul 2009	Invest
ICICI Prudential Money Market Fund Option - Growth	₹100	₹500	0.35%	Manish Banthia	08-Mar 2006	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	₹500	₹10000	0.29%	Rahul Goswami	11-Feb 2002	Invest
Axis Money Market Fund - Regular Plan - Growth Option	₹100	₹100	0.34%	Devang Shah	06-Aug 2019	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	₹100	₹500	0.37%	Anju Chhajer	15-Jun 2005	Invest
Tata Money Market Fund-Regular Plan - Growth Option	₹500	₹5000	0.41%	Amit Somani	23-May 2003	Invest
Kotak Money Market Fund - (Growth)	₹1000	₹100	0.36%	Deepak Agrawal	14-Jul 2003	Invest
HDFC Money Market Fund - Growth Option	₹100	₹100	0.41%	Vikash Agarwal	19-Nov 1999	Invest
Kotak Money Market Fund - (Growth)	₹1000	₹100	0.36%	Deepak Agrawal	14-Jul 2003	Invest
Bandhan Money Market Fund - Regular Plan - Growth	₹100	₹100	0.35%	Gautam Kaul	18-Feb 2003	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	₹1000	₹1000	0.37%	Kaustubh Gupta	17-Oct 2005	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	₹1000	₹1000	0.37%	Kaustubh Gupta	17-Oct 2005	Invest
HSBC Money Market Fund - Regular Growth	₹1000	₹5000	0.4%	Shriram Ramanathan	10-Aug 2005	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	₹500	₹5000	0.37%	Mayank Prakash	19-Jun 2019	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	₹500	₹5000	0.37%	Mayank Prakash	19-Jun 2019	Invest
Invesco India Money Market Fund - Growth	₹1000	₹1000	0.48%	Krishna Venkat Cheemalapati	28-Aug 2009	Invest
Mirae Asset Money Market Fund Regular Growth	₹99	₹5000	0.41%	Amit Modani	11-Aug 2021	Invest

Fund Name	Current NAV	Previous NAV	1D NAV Change	52- Week High NAV	52- Week Low NAV
Bank Of India Short Term Income Fundinstitutional Plan - Growth	()	()	0%	-	-	Invest
Bank Of India Ultra Short Durationinstitutional Plan - Growth	()	()	0%	-	-	Invest
UTI MMF-Discontinued - Regular Plan -Growth	7435.5808 (12-03-2026)	7437.0206 (11-03-2026)	-0.02%	7437.02	6949.67	Invest
UTI MMF - Regular Plan - Growth Option	3217.8332 (12-03-2026)	3218.4563 (11-03-2026)	-0.02%	3218.46	3007.56	Invest
ICICI Prudential Money Market Fund Option - Growth	395.9123 (12-03-2026)	396.0083 (11-03-2026)	-0.02%	396.008	370.104	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	52.3320 (12-03-2026)	52.3444 (11-03-2026)	-0.02%	52.3444	48.9232	Invest
Axis Money Market Fund - Regular Plan - Growth Option	1492.9119 (12-03-2026)	1493.2144 (11-03-2026)	-0.02%	1493.21	1395.72	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	4328.5535 (12-03-2026)	4329.4367 (11-03-2026)	-0.02%	4329.44	4047.92	Invest
Tata Money Market Fund-Regular Plan - Growth Option	4925.0021 (12-03-2026)	4925.6025 (11-03-2026)	-0.01%	4925.6	4606.4	Invest
Kotak Money Market Fund - (Growth)	4683.9488 (12-03-2026)	4684.8762 (11-03-2026)	-0.02%	4684.88	4381.21	Invest
HDFC Money Market Fund - Growth Option	5961.115 (12-03-2026)	5962.3555 (11-03-2026)	-0.02%	5962.36	5576.28	Invest
Kotak Money Market Fund - (Growth)	4683.9488 (12-03-2026)	4684.8762 (11-03-2026)	-0.02%	4684.88	4381.21	Invest
Bandhan Money Market Fund - Regular Plan - Growth	42.0355 (12-03-2026)	42.0433 (11-03-2026)	-0.02%	42.0433	39.3299	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	385.7887 (12-03-2026)	385.8614 (11-03-2026)	-0.02%	-	-	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	385.7887 (12-03-2026)	385.8614 (11-03-2026)	-0.02%	385.861	361.071	Invest
HSBC Money Market Fund - Regular Growth	27.5123 (12-03-2026)	27.5155 (11-03-2026)	-0.01%	27.5155	25.7594	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	1436.7941 (12-03-2026)	1436.9578 (11-03-2026)	-0.01%	1436.96	1345.36	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	1436.7941 (12-03-2026)	1436.9578 (11-03-2026)	-0.01%	1436.96	1345.36	Invest
Invesco India Money Market Fund - Growth	3172.8837 (12-03-2026)	3173.629 (11-03-2026)	-0.02%	3173.63	2973.51	Invest
Mirae Asset Money Market Fund Regular Growth	1311.6730 (12-03-2026)	1311.9193 (11-03-2026)	-0.02%	1311.92	1229.67	Invest

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Invested Amount ₹43,855
Interest Earned ₹6,145

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UTI MMF - Regular Plan - Growth Option 3Y Returns 7.44% VS

Nippon India Money Market Fund-Growth Plan-Growth Option 3Y Returns 7.39%

HDFC Money Market Fund - Growth Option 3Y Returns 7.35% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.44%

DSP Savings Fund - Regular Plan - Growth 3Y Returns 7.09% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.44%

Edelweiss Money Market Fund - Regular Plan - Growth Option 3Y Returns 6.68% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.44%

Frequently Asked Questions

Who should invest in Money Market Mutual Funds?

Money Market funds are suitable for the investors who can digest high risk in search for higher returns. Moreover, these funds are not suitable for the investors who are stepping in the finance market with a short term investment perspective as they might end up delivering negative returns.

What is the minimum investment required for investing in Money Market funds?

The minimum investment depends from one scheme to another. In general, for lumpsum investment the minimum investment can range from Rs. 500 to Rs. 5000. Whereas, in case of SIP, the range may vary between Rs. 500 to Rs. 1000. For authentic information, never forget to check the scheme related documents.

What is the investment philosophy followed by Money Market companies?

The fund manager of Money Market fund targets the best small sized companies having the potential to generate excellent gains in the future. Such companies do not have much resources as the large cap or mid cap companies but have high potential to outperform many big companies.

Why to invest in Money Market funds?

Money Market funds have more tendency of providing exceptional returns than the other categories of funds. Moreover, they can also be a suitable option for providing diversification to your portfolio.

How risky are Money Market funds?

Money Market funds are one of the riskiest mutual funds. But at the same time rewards are also high. Therefore, an investor who is willing to expose his corpus towards risk for fetching higher returns should invest in Money Market funds.

Are Money Market Funds for long term investment?

Yes, Money Market funds are a suitable choice for generating long term capital appreciation. Moreover, in short term these funds can cause double digit losses to the investors. Thus, always maintain a long term investment perspective while investing in Money Market mutual funds.

What is the benchmark of Money Market Fund?

Benchmark is a standard with which a mutual fund competes in terms of growth & performance. Different Money Market funds have different benchmark. Thus, read the mutual fund document carefully to know the benchmark.

What are the taxes applied on Money Market Mutual Funds?

Money Market funds are eligible for two types of taxes- STCG (Short Term Capital Gain) and LTCG (Long Term Capital Gain). STCG is the capital gain generated on the units which are hold for up to 1 year. The STCG tax imposed by the Government of India is 15%. LTCG is the profit generated on the units which are hold for more than one years. The LTCG levied is 10% for the profit above Rs. 1 Lakh.