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- Money Market Funds
- Average Return 5.88%
- No of Funds 22
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What is Money Market Mutual Fund
Money Market Funds are debt funds that lend to companies for a period of up to 1 year. These Funds are designed in a manner that allows the fund manager to generate higher returns while keeping risk under control through adjustment of lending duration. Higher loan tenure usually comes with higher returns.
Advantages of Money Market Funds
- Ideal for an investment horizon of at least 3-6months
- Low chances of loss if someone stays invested for 6+ months
- These schemes tend to give better returns than Bank Fixed Deposits of similar duration
Top schemes of Money Market Mutual Funds sorted by ETM Rank
22 funds
Sort by:
- ETM Rank High to Low
- Returns High to Low
- Fund Size High to Low
Show
- Annualized
- Absolute
Returns for
- 1 Month
- 3 Months
- 6 Months
- 1 year
- 3 years
- 5 years
via
- Monthly SIP
- One-time (Lumpsum)
Nippon India Money Market Fund
#1 of 15
Fund Size
₹14,775 Crs
Return (p.a)
+ 7.5%+ 0.58% + 7.87%+ 1.25% + 8.07%+ 2.27% + 7.8%+ 4.16% + 6.95%+ 11.09% + 6.23%+ 17.02%
ETM Rank
#1 of 15
Invest
UTI Money Market Fund
#2 of 15
Fund Size
₹14,041 Crs
Return (p.a)
+ 7.52%+ 0.58% + 7.84%+ 1.24% + 7.96%+ 2.24% + 7.73%+ 4.12% + 6.9%+ 11.0% + 6.18%+ 16.89%
ETM Rank
#2 of 15
Invest
HDFC Money Market Fund
#3 of 15
Fund Size
₹21,261 Crs
Return (p.a)
+ 7.54%+ 0.58% + 7.83%+ 1.24% + 7.99%+ 2.25% + 7.73%+ 4.12% + 6.88%+ 10.97% + 6.22%+ 17.01%
ETM Rank
#3 of 15
Invest
Aditya Birla Sun Life Money Manager Fund
#4 of 15
Fund Size
₹22,895 Crs
Return (p.a)
+ 7.54%+ 0.58% + 7.89%+ 1.25% + 8.09%+ 2.28% + 7.82%+ 4.17% + 6.96%+ 11.1% + 6.28%+ 17.19%
ETM Rank
#4 of 15
Invest
Kotak Money Market Fund
#5 of 15
Fund Size
₹18,875 Crs
Return (p.a)
+ 7.51%+ 0.58% + 7.84%+ 1.24% + 8.03%+ 2.26% + 7.76%+ 4.13% + 6.87%+ 10.96% + 6.11%+ 16.69%
ETM Rank
#5 of 15
Invest
Tata Money Market Fund
#6 of 15
Fund Size
₹17,288 Crs
Return (p.a)
+ 7.64%+ 0.59% + 7.97%+ 1.26% + 8.19%+ 2.3% + 7.93%+ 4.23% + 7.05%+ 11.25% + 6.36%+ 17.41%
ETM Rank
#6 of 15
Invest
SBI Savings Fund
#7 of 15
Fund Size
₹22,979 Crs
Return (p.a)
+ 7.57%+ 0.58% + 7.87%+ 1.25% + 7.98%+ 2.25% + 7.7%+ 4.1% + 6.84%+ 10.91% + 6.15%+ 16.81%
ETM Rank
#7 of 15
Invest
ICICI Prudential Money Market Fund
#8 of 15
Fund Size
₹21,861 Crs
Return (p.a)
+ 7.5%+ 0.58% + 7.8%+ 1.24% + 7.97%+ 2.24% + 7.71%+ 4.11% + 6.86%+ 10.93% + 6.15%+ 16.8%
ETM Rank
#8 of 15
Invest
Franklin India Money Market Fund
#9 of 15
Fund Size
₹1,511 Crs
Return (p.a)
+ 7.55%+ 0.58% + 7.79%+ 1.23% + 7.92%+ 2.23% + 7.68%+ 4.09% + 6.77%+ 10.78% + 6.04%+ 16.49%
ETM Rank
#9 of 15
Invest
Sundaram Money Market Fund
#10 of 15
Fund Size
₹114 Crs
Return (p.a)
+ 7.69%+ 0.59% + 7.68%+ 1.22% + 7.73%+ 2.18% + 7.47%+ 3.98% + 6.58%+ 10.48% + 5.8%+ 15.77%
ETM Rank
#10 of 15
Invest
Bandhan Money Manager Fund
#11 of 15
Fund Size
₹4,531 Crs
Return (p.a)
+ 7.49%+ 0.57% + 7.76%+ 1.23% + 7.94%+ 2.23% + 7.67%+ 4.08% + 6.79%+ 10.82% + 6.02%+ 16.4%
ETM Rank
#11 of 15
Invest
HSBC Money Market Fund
#12 of 15
Fund Size
₹1,158 Crs
Return (p.a)
+ 7.49%+ 0.57% + 7.73%+ 1.23% + 7.89%+ 2.22% + 7.6%+ 4.05% + 6.67%+ 10.61% + 5.93%+ 16.16%
ETM Rank
#12 of 15
Invest
Invesco India Money Market Fund
#13 of 15
Fund Size
₹3,861 Crs
Return (p.a)
+ 7.32%+ 0.56% + 7.57%+ 1.2% + 7.71%+ 2.17% + 7.48%+ 3.99% + 6.59%+ 10.49% + 5.9%+ 16.07%
ETM Rank
#13 of 15
Invest
Edelweiss Money Market Fund
#14 of 15
Fund Size
₹485 Crs
Return (p.a)
+ 7.31%+ 0.56% + 7.61%+ 1.21% + 7.75%+ 2.18% + 7.5%+ 3.99% + 6.5%+ 10.34% + 5.87%+ 15.99%
ETM Rank
#14 of 15
Invest
DSP Savings Fund
#15 of 15
Fund Size
₹4,468 Crs
Return (p.a)
+ 7.38%+ 0.57% + 7.69%+ 1.22% + 7.83%+ 2.21% + 7.59%+ 4.04% + 6.65%+ 10.59% + 5.93%+ 16.15%
ETM Rank
#15 of 15
Invest
Axis Money Market Fund
Unranked
Fund Size
₹8,552 Crs
Return (p.a)
+ 7.59%+ 0.58% + 7.85%+ 1.24% + 8.04%+ 2.26% + 7.77%+ 4.14% + 6.92%+ 11.03% N.A.N.A.
ETM Rank
Unranked
Invest
Baroda BNP Paribas Money Market Fund
Unranked
Fund Size
₹45 Crs
Return (p.a)
+ 7.04%+ 0.54% + 7.45%+ 1.18% + 7.54%+ 2.13% + 7.3%+ 3.89% + 6.43%+ 10.23% N.A.N.A.
ETM Rank
Unranked
Invest
LIC MF Money Market Fund
Unranked
Fund Size
₹20 Crs
Return (p.a)
+ 6.63%+ 0.51% + 6.76%+ 1.08% + 6.91%+ 1.95% + 6.9%+ 3.68% N.A.N.A. N.A.N.A.
ETM Rank
Unranked
Invest
Mirae Asset Money Market Fund
Unranked
Fund Size
₹145 Crs
Return (p.a)
+ 7.47%+ 0.57% + 7.78%+ 1.23% + 7.93%+ 2.23% + 7.71%+ 4.1% N.A.N.A. N.A.N.A.
ETM Rank
Unranked
Invest
PGIM India Money Market Fund
Unranked
Fund Size
₹232 Crs
Return (p.a)
+ 7.33%+ 0.56% + 7.49%+ 1.19% + 7.61%+ 2.14% + 7.44%+ 3.96% + 6.79%+ 10.82% N.A.N.A.
ETM Rank
Unranked
Invest
TRUSTMF Money Market Fund
Unranked
Fund Size
₹96 Crs
Return (p.a)
+ 7.43%+ 0.57% + 7.46%+ 1.18% + 7.54%+ 2.12% + 7.33%+ 3.91% N.A.N.A. N.A.N.A.
ETM Rank
Unranked
Invest
Union Money Market Fund
Unranked
Fund Size
₹169 Crs
Return (p.a)
+ 7.19%+ 0.55% + 7.34%+ 1.17% + 7.44%+ 2.1% + 7.23%+ 3.85% N.A.N.A. N.A.N.A.
ETM Rank
Unranked
Invest
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Money Market Funds Returns Calculator
See what your investment would have yielded in
Select fund
Nippon India Money Market Fund
- Nippon India Money Market Fund
- UTI Money Market Fund
- HDFC Money Market Fund
- Aditya Birla Sun Life Money Manager Fund
- Kotak Money Market Fund
- Tata Money Market Fund
- SBI Savings Fund
- ICICI Prudential Money Market Fund
- Franklin India Money Market Fund
- Sundaram Money Market Fund
- Bandhan Money Manager Fund
- HSBC Money Market Fund
- Invesco India Money Market Fund
- Edelweiss Money Market Fund
- DSP Savings Fund
- Axis Money Market Fund
- Baroda BNP Paribas Money Market Fund
- LIC MF Money Market Fund
- Mirae Asset Money Market Fund
- PGIM India Money Market Fund
- TRUSTMF Money Market Fund
- Union Money Market Fund
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for a period of for
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Invested Gains
You would have got
Total investment Invested ₹ 6 Lakh
Profit ₹ 3.33 Lakh
Current value Current value ₹ 9.33 Lakh
This fund has generated an XIRR of 6.23% over the past 5 Years
See scheme details Invest now
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- How to invest in Money Market Funds?
- Frequently Asked Questions
How to invest in Money Market Funds?
It is quite easy to invest in Money Market mutual funds on ET Money. Here are the steps that you have to follow.
- Register online on ET Money app or website
- Head to Mutual Funds sections and choose the Money Market fund you want to invest in.
- Click on invest and choose the amount and mode of investment (SIP or Lumpsum)
- Provide your KYC details (Pan number, Bank details) and complete your investment.
Frequently Asked Questions
Which are the best Money Market Mutual Funds to invest in 2024?
These are top 5 Money Market funds you can invest in 2024
| Fund Name | Fund Category | ETM Rank | Consistency | 5 Year Return (Annualized) |
|---|---|---|---|---|
| ICICI Prudential Money Market Fund | Debt | # 8 of 15 | 6.02 % p.a. | |
| Baroda BNP Paribas Money Market Fund | Debt | Unranked | NA | |
| TRUSTMF Money Market Fund | Debt | Unranked | NA | |
| Nippon India Money Market Fund | Debt | # 1 of 15 | 6.07 % p.a. | |
| Edelweiss Money Market Fund | Debt | # 14 of 15 | 6.24 % p.a. |
How long should I stay invested in Money Market Mutual Funds?
Money Market Debt Mutual Funds are ideal for an investment horizon of at least 1 year.
Where do Money Market Mutual Funds invest?
Money Market Funds lend for a period of up to 1 year. These funds keep adjusting their lending duration with an aim to generate higher returns while keeping the risk in control.
Are Money Market Mutual Funds high risk?
While these funds lend only for up to 1 year, they keep tweaking this duration so as to generate better returns and keep the risk in control.
What kind of returns can i earn from Money Market ?
Money Market Funds have on an average delivered 7.42% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 5.88% and 5.99%. p.a.
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