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Top 8 Best Performing Money Market Mutual Funds 2024 | Fincash.com

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Best Money Market Mutual Funds 2024

Updated on October 30, 2024 , 42898 views

In common terms, Best Liquid Funds (Money market funds) are Debt Mutual Funds or rather money Market Mutual Funds with the only difference being in the investment duration. Money market funds invest in very short money market instruments like the Certificate of Deposit, treasury bills, commercial papers etc.

The investment duration of these funds is very short, generally ranging from a couple of days to a few weeks (it can even be one day!). The average residual maturity of Liquid Funds is less than 91 days as they invest in securities which individually have a maturity upto 91 days.

Being a short-term Debt fund, these funds are highly suitable for investors looking for low-risk investments for short duration. The low maturity period of best liquid funds helps fund managers to fulfil the Redemption demand of investors easily. In the market, there are various money market fund investments available.

Why to Invest in Money Market Funds?

  • Securities in the money market are relatively low risk

  • Money market funds are considered to be the safe and secure of all Mutual Fund investments

  • Considering money market funds, it’s easy to invest in a money market account. Investing through Mutual Funds investors can open an account, make deposits and withdrawals virtually at their convenience

  • Money market funds are considered to be one of the least volatile types of all mutual fund investments

  • The performance of money market funds is closely tied to the interest rates set by the Reserve Bank of India, the Central Bank of India. So, when RBI raises rates in the market, yields increase, and money market funds are able to give good returns.

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How do Money Market Funds work?

A money market fund invests in money market instruments with an objective of Offering good returns (interest Income) and keeping the NAV fluctuations minimal.

Types of Money Market Instruments

Money Market is an exchange where the trade of cash and cash-equivalent instruments takes place. The instruments that are traded in the money markets have maturities which can vary from overnight to one year. Here are some key money market instruments in India:

1. Treasury Bills or T-Bills

The Government of India issues treasury bills to raise funds for a period of up to 365 days. Since these are issued by the government, they are considered to be very safe. However, lower risks also translate into lower returns which is the case with treasury bills too. The returns on T-bills is lower than other money market instruments.

2. Certificate of Deposit or CD

A CD is a term deposit which is offered by scheduled commercial banks which does not have the option of premature redemption. The primary difference between a CD and FD is that CDs are freely negotiable.

3. Repurchase Agreements or Repos

A repurchase agreement is made between a bank and RBI to facilitate short-term loans. It can also be made between two banks.

4. Commercial Paper or CP

Companies and financial institutions with a high credit rating can issue a Commercial Paper which is a short-term, unsecured promissory note. It allows such entities to diversify their short-term borrowing sources. CPs are usually issued at a discounted rate while the redemption is done on Face Value. The investor earns the difference.

Top 8 Money Market Mutual Funds 2024

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Money Manager Fund Growth ₹351.739
↑ 0.09
₹24,5950.61.83.87.87.40%5M 8D
Nippon India Money Market Fund Growth ₹3,944.71
↑ 1.03
₹15,6230.61.83.77.77.47.53%6M 4D6M 18D
UTI Money Market Fund Growth ₹2,929.76
↑ 0.76
₹13,6350.61.93.87.77.47.43%5M 5D5M 5D
Tata Money Market Fund Growth ₹4,487.67
↑ 1.09
₹27,1910.61.83.77.77.47.5%5M 1D5Y 18D
ICICI Prudential Money Market Fund Growth ₹360.607
↑ 0.09
₹28,5050.61.83.77.77.47.46%4M 27D5M 9D
Kotak Money Market Scheme Growth ₹4,269.1
↑ 1.11
₹25,9980.61.83.77.77.37.46%5M 1D5M 1D
HDFC Money Market Fund Growth ₹5,433.96
↑ 1.34
₹24,9790.61.83.77.77.37.48%4M 22D5M 4D
Franklin India Savings Fund Growth ₹47.6609
↑ 0.01
₹1,9850.61.83.77.67.37.4%5M 8D5M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Oct 24

1. Aditya Birla Sun Life Money Manager Fund

(Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Aditya Birla Sun Life Money Manager Fund is a Debt - Money Market fund was launched on 13 Oct 05. It is a fund with Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 7 in Money Market category.  Return for 2023 was 7.4% , 2022 was 4.8% and 2021 was 3.8% .

Below is the key information for Aditya Birla Sun Life Money Manager Fund

Aditya Birla Sun Life Money Manager Fund
Growth
Launch Date 13 Oct 05
NAV (31 Oct 24) ₹351.739 ↑ 0.09   (0.03 %)
Net Assets (Cr) ₹24,595 on 30 Sep 24
Category Debt - Money Market
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.34
Sharpe Ratio 2.85
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 0%
Effective Maturity
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,694
31 Oct 21₹11,099
31 Oct 22₹11,580
31 Oct 23₹12,444
31 Oct 24₹13,409

Aditya Birla Sun Life Money Manager Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Aditya Birla Sun Life Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.8%
1 Year 7.8%
3 Year 6.5%
5 Year 6%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 4.8%
2021 3.8%
2020 6.6%
2019 8%
2018 7.9%
2017 6.8%
2016 7.7%
2015 8.4%
2014 9.2%
Fund Manager information for Aditya Birla Sun Life Money Manager Fund
NameSinceTenure
Kaustubh Gupta15 Jul 1113.22 Yr.
Anuj Jain22 Mar 213.53 Yr.
Mohit Sharma1 Apr 177.51 Yr.
Dhaval Joshi21 Nov 221.86 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash70.32%
Debt29.43%
Other0.26%
Debt Sector Allocation
SectorValue
Corporate60.38%
Cash Equivalent29.91%
Government9.46%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
2%₹488 Cr50,000,000
Axis Bank Ltd.
Debentures | -
2%₹488 Cr10,000
IDFC First Bank Ltd.
Debentures | -
2%₹485 Cr10,000
05.80 MH Sdl 2025
Sovereign Bonds | -
2%₹468 Cr47,000,000
07.38% MP Sdl 2025
Sovereign Bonds | -
2%₹467 Cr46,500,000
Tata Teleservices Ltd
Debentures | -
2%₹461 Cr9,500
Small Industries Development Bank of India
Debentures | -
2%₹388 Cr8,000
HDFC Bank Ltd.
Debentures | -
1%₹340 Cr7,000
Indusind Bank Ltd.
Debentures | -
1%₹293 Cr6,000
364 DTB 26122024
Sovereign Bonds | -
1%₹246 Cr25,000,000

2. Nippon India Money Market Fund

(Erstwhile Reliance Liquidity Fund)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Money Market Fund is a Debt - Money Market fund was launched on 16 Jun 05. It is a fund with Low risk and has given a CAGR/Annualized return of 7.3% since its launch.  Ranked 27 in Money Market category.  Return for 2023 was 7.4% , 2022 was 5% and 2021 was 3.8% .

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund
Growth
Launch Date 16 Jun 05
NAV (31 Oct 24) ₹3,944.71 ↑ 1.03   (0.03 %)
Net Assets (Cr) ₹15,623 on 30 Sep 24
Category Debt - Money Market
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.37
Sharpe Ratio 2.5
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.53%
Effective Maturity 6 Months 18 Days
Modified Duration 6 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,629
31 Oct 21₹11,026
31 Oct 22₹11,520
31 Oct 23₹12,372
31 Oct 24₹13,329

Nippon India Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Nippon India Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.5%
5 Year 5.9%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 5%
2021 3.8%
2020 6%
2019 8.1%
2018 7.9%
2017 6.6%
2016 7.6%
2015 8.3%
2014 9.1%
Fund Manager information for Nippon India Money Market Fund
NameSinceTenure
Kinjal Desai16 Jul 186.22 Yr.
Vikash Agarwal14 Sep 240.05 Yr.

Data below for Nippon India Money Market Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash92.32%
Debt7.41%
Other0.27%
Debt Sector Allocation
SectorValue
Cash Equivalent92.32%
Government7.41%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 12122024
Sovereign Bonds | -
2%₹370 Cr37,500,000
07.38% MP Sdl 2025
Sovereign Bonds | -
2%₹276 Cr27,500,000
08.10 JH Sdl 2025
Sovereign Bonds | -
2%₹252 Cr25,000,000
364 DTB 14112024
Sovereign Bonds | -
1%₹198 Cr20,000,000
182 DTB 05122024
Sovereign Bonds | -
1%₹198 Cr20,000,000
India (Republic of)
- | -
1%₹146 Cr15,000,000
08.06 AP Sdl 2025
Sovereign Bonds | -
1%₹100 Cr10,000,000
08.09 Ts SDL 2025
Sovereign Bonds | -
1%₹100 Cr10,000,000
182 DTB 14112024
Sovereign Bonds | -
1%₹99 Cr10,000,000
364 DTB 13022025
Sovereign Bonds | -
1%₹98 Cr10,000,000

3. UTI Money Market Fund

To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities.

UTI Money Market Fund is a Debt - Money Market fund was launched on 13 Jul 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7.3% since its launch.  Ranked 23 in Money Market category.  Return for 2023 was 7.4% , 2022 was 4.9% and 2021 was 3.7% .

Below is the key information for UTI Money Market Fund

UTI Money Market Fund
Growth
Launch Date 13 Jul 09
NAV (31 Oct 24) ₹2,929.76 ↑ 0.76   (0.03 %)
Net Assets (Cr) ₹13,635 on 30 Sep 24
Category Debt - Money Market
AMC UTI Asset Management Company Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 2.74
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.43%
Effective Maturity 5 Months 5 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,634
31 Oct 21₹11,029
31 Oct 22₹11,511
31 Oct 23₹12,370
31 Oct 24₹13,324

UTI Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.8%
1 Year 7.7%
3 Year 6.5%
5 Year 5.9%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 4.9%
2021 3.7%
2020 6%
2019 8%
2018 7.8%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
Fund Manager information for UTI Money Market Fund
NameSinceTenure
Anurag Mittal1 Dec 212.84 Yr.
Amit Sharma7 Jul 177.24 Yr.

Data below for UTI Money Market Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash71.65%
Debt28.08%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate57.52%
Cash Equivalent34.96%
Government7.25%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Canara Bank
Domestic Bonds | -
6%₹822 Cr8,500,000,000
182 DTB 18102024
Sovereign Bonds | -
4%₹486 Cr5,000,000,000
182 DTB 12122024
Sovereign Bonds | -
3%₹346 Cr3,500,000,000
↓ -2,000,000,000
ICICI Bank Ltd.
Debentures | -
2%₹340 Cr3,500,000,000
Kotak Mahindra Bank Ltd.
Debentures | -
2%₹293 Cr3,000,000,000
AU Small Finance Bank Ltd.
Debentures | -
2%₹243 Cr2,500,000,000
182 DTB 07112024
Sovereign Bonds | -
1%₹199 Cr2,000,000,000
Kotak Mahindra Bank Ltd.
Debentures | -
1%₹196 Cr2,000,000,000
Punjab & Sind Bank
Debentures | -
1%₹145 Cr1,500,000,000
08.09 Ts SDL 2025
Sovereign Bonds | -
1%₹136 Cr1,350,000,000

4. Tata Money Market Fund

(Erstwhile Tata Liquid Fund)

To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders.

Tata Money Market Fund is a Debt - Money Market fund was launched on 22 May 03. It is a fund with Low risk and has given a CAGR/Annualized return of 6.7% since its launch.  Ranked 30 in Money Market category.  Return for 2023 was 7.4% , 2022 was 4.8% and 2021 was 3.9% .

Below is the key information for Tata Money Market Fund

Tata Money Market Fund
Growth
Launch Date 22 May 03
NAV (31 Oct 24) ₹4,487.67 ↑ 1.09   (0.02 %)
Net Assets (Cr) ₹27,191 on 15 Oct 24
Category Debt - Money Market
AMC Tata Asset Management Limited
Rating
Risk Low
Expense Ratio 0
Sharpe Ratio 2.72
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.5%
Effective Maturity 5 Years 18 Days
Modified Duration 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,663
31 Oct 21₹11,072
31 Oct 22₹11,548
31 Oct 23₹12,402
31 Oct 24₹13,358

Tata Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Tata Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.5%
5 Year 6%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 4.8%
2021 3.9%
2020 6.4%
2019 8.1%
2018 -0.1%
2017 6.7%
2016 7.6%
2015 8.3%
2014 9%
Fund Manager information for Tata Money Market Fund
NameSinceTenure
Amit Somani16 Oct 1310.97 Yr.

Data below for Tata Money Market Fund as on 15 Oct 24

Asset Allocation
Asset ClassValue
Cash93.62%
Debt6.15%
Other0.23%
Debt Sector Allocation
SectorValue
Cash Equivalent93.04%
Government5.36%
Corporate1.37%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 12122024
Sovereign Bonds | -
3%₹667 Cr67,500,000
↑ 10,000,000
182 DTB 28112024
Sovereign Bonds | -
2%₹394 Cr39,833,400
182 DTB 26122024
Sovereign Bonds | -
1%₹369 Cr37,500,000
↑ 37,500,000
364 Day T-Bill 30.01.25
Sovereign Bonds | -
1%₹357 Cr36,500,000
↓ -5,000,000
182 Day T-Bill 19.12.24
Sovereign Bonds | -
1%₹321 Cr32,500,000
182 DTB 30012025
Sovereign Bonds | -
1%₹308 Cr31,500,000
↓ -5,000,000
182 DTB 18112024
Sovereign Bonds | -
1%₹273 Cr27,500,000
182 DTB 05122024
Sovereign Bonds | -
1%₹272 Cr27,500,000
↑ 27,500,000
364 DTB 21112024
Sovereign Bonds | -
1%₹208 Cr21,000,000
↓ -9,500,000
08.14 GJ Sdl 2025
Sovereign Bonds | -
0%₹120 Cr12,000,000

5. ICICI Prudential Money Market Fund

The objective of the Plan will be to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

ICICI Prudential Money Market Fund is a Debt - Money Market fund was launched on 9 Mar 06. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 17 in Money Market category.  Return for 2023 was 7.4% , 2022 was 4.7% and 2021 was 3.7% .

Below is the key information for ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund
Growth
Launch Date 9 Mar 06
NAV (31 Oct 24) ₹360.607 ↑ 0.09   (0.03 %)
Net Assets (Cr) ₹28,505 on 15 Oct 24
Category Debt - Money Market
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.32
Sharpe Ratio 2.39
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.46%
Effective Maturity 5 Months 9 Days
Modified Duration 4 Months 27 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,654
31 Oct 21₹11,042
31 Oct 22₹11,508
31 Oct 23₹12,355
31 Oct 24₹13,307

ICICI Prudential Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for ICICI Prudential Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.4%
5 Year 5.9%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 4.7%
2021 3.7%
2020 6.2%
2019 7.9%
2018 7.7%
2017 6.7%
2016 7.7%
2015 8.3%
2014 9.1%
Fund Manager information for ICICI Prudential Money Market Fund
NameSinceTenure
Manish Banthia12 Jun 231.31 Yr.
Nikhil Kabra3 Aug 168.17 Yr.

Data below for ICICI Prudential Money Market Fund as on 15 Oct 24

Asset Allocation
Asset ClassValue
Cash70.66%
Debt29.11%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate53.43%
Cash Equivalent35.53%
Government10.81%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Small Industries Development Bank of India
Debentures | -
4%₹932 Cr19,200
364 DTB 06032025
Sovereign Bonds | -
4%₹924 Cr95,000,000
Indian Bank
Domestic Bonds | -
2%₹581 Cr12,000
Union Bank of India
Domestic Bonds | -
2%₹580 Cr12,000
India (Republic of)
- | -
2%₹388 Cr40,000,000
182 DTB 18112024
Sovereign Bonds | -
1%₹347 Cr35,000,000
↓ -10,000,000
182 Day T-Bill 19.12.24
Sovereign Bonds | -
1%₹321 Cr32,500,000
↑ 32,500,000
Hero Fincorp Limited
Debentures | -
1%₹291 Cr6,000
Union Bank of India
Domestic Bonds | -
1%₹266 Cr5,500
364 DTB
Sovereign Bonds | -
1%₹244 Cr25,000,000
↑ 25,000,000

6. Kotak Money Market Scheme

(Erstwhile Kotak Floater Short Term Fund)

To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives.

Kotak Money Market Scheme is a Debt - Money Market fund was launched on 14 Jul 03. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 19 in Money Market category.  Return for 2023 was 7.3% , 2022 was 4.9% and 2021 was 3.7% .

Below is the key information for Kotak Money Market Scheme

Kotak Money Market Scheme
Growth
Launch Date 14 Jul 03
NAV (31 Oct 24) ₹4,269.1 ↑ 1.11   (0.03 %)
Net Assets (Cr) ₹25,998 on 30 Sep 24
Category Debt - Money Market
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.35
Sharpe Ratio 2.39
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.46%
Effective Maturity 5 Months 1 Day
Modified Duration 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,599
31 Oct 21₹10,984
31 Oct 22₹11,461
31 Oct 23₹12,301
31 Oct 24₹13,249

Kotak Money Market Scheme SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Money Market Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.4%
5 Year 5.8%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.3%
2022 4.9%
2021 3.7%
2020 5.7%
2019 8%
2018 7.7%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
Fund Manager information for Kotak Money Market Scheme
NameSinceTenure
Deepak Agrawal1 Nov 0617.93 Yr.
Manu Sharma1 Nov 221.92 Yr.

Data below for Kotak Money Market Scheme as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash76.51%
Debt23.27%
Other0.22%
Debt Sector Allocation
SectorValue
Corporate58.87%
Cash Equivalent30.84%
Government10.08%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.03% Govt Stock 2024
Sovereign Bonds | -
3%₹675 Cr67,500,000
182 DTB 06022025
Sovereign Bonds | -
2%₹489 Cr50,000,000
182 DTB 18102024
Sovereign Bonds | -
2%₹486 Cr50,000,000
Union Bank of India
Domestic Bonds | -
2%₹485 Cr50,000
India (Republic of)
- | -
2%₹391 Cr40,000,000
Indusind Bank Ltd.
Debentures | -
2%₹391 Cr40,000
ICICI Bank Ltd.
Debentures | -
2%₹391 Cr40,000
Axis Bank Ltd.
Debentures | -
2%₹390 Cr40,000
05.80 MH Sdl 2025
Sovereign Bonds | -
1%₹249 Cr25,000,000
Indusind Bank Ltd.
Debentures | -
1%₹243 Cr25,000

7. HDFC Money Market Fund

(Erstwhile HDFC Cash Management Fund - Savings Plan)

To generate optimal returns while maintaining safety and high liquidity.

HDFC Money Market Fund is a Debt - Money Market fund was launched on 18 Nov 99. It is a fund with Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 41 in Money Market category.  Return for 2023 was 7.3% , 2022 was 4.7% and 2021 was 3.8% .

Below is the key information for HDFC Money Market Fund

HDFC Money Market Fund
Growth
Launch Date 18 Nov 99
NAV (31 Oct 24) ₹5,433.96 ↑ 1.34   (0.02 %)
Net Assets (Cr) ₹24,979 on 30 Sep 24
Category Debt - Money Market
AMC HDFC Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.41
Sharpe Ratio 1.98
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load NIL
Yield to Maturity 7.48%
Effective Maturity 5 Months 4 Days
Modified Duration 4 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,684
31 Oct 21₹11,081
31 Oct 22₹11,549
31 Oct 23₹12,393
31 Oct 24₹13,341

HDFC Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for HDFC Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.4%
5 Year 5.9%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.3%
2022 4.7%
2021 3.8%
2020 6.5%
2019 8.1%
2018 7.4%
2017 6.5%
2016 7.5%
2015 8.3%
2014 9.1%
Fund Manager information for HDFC Money Market Fund
NameSinceTenure
Praveen Jain30 Aug 240.09 Yr.
Dhruv Muchhal22 Jun 231.28 Yr.

Data below for HDFC Money Market Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash69.06%
Debt30.7%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate58.07%
Cash Equivalent33.02%
Government8.66%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bank of Baroda
Debentures | -
2%₹583 Cr12,000
Union Bank of India
Domestic Bonds | -
2%₹538 Cr11,000
364 DTB 13032025
Sovereign Bonds | -
2%₹534 Cr55,000,000
Panatone Finvest Ltd
Debentures | -
2%₹489 Cr10,000
Union Bank of India
Domestic Bonds | -
2%₹413 Cr8,500
Punjab National Bank
Domestic Bonds | -
1%₹342 Cr7,000
Axis Bank Ltd.
Debentures | -
1%₹340 Cr7,000
Tata Teleservices Ltd
Debentures | -
1%₹340 Cr7,000
182 DTB 14112024
Sovereign Bonds | -
1%₹298 Cr30,000,000
Indusind Bank Ltd.
Debentures | -
1%₹292 Cr6,000

8. Franklin India Savings Fund

(Erstwhile Franklin India Savings Plus Fund Retail Option)

Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments.

Franklin India Savings Fund is a Debt - Money Market fund was launched on 11 Feb 02. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 47 in Money Market category.  Return for 2023 was 7.3% , 2022 was 4.4% and 2021 was 3.6% .

Below is the key information for Franklin India Savings Fund

Franklin India Savings Fund
Growth
Launch Date 11 Feb 02
NAV (31 Oct 24) ₹47.6609 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹1,985 on 30 Sep 24
Category Debt - Money Market
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately Low
Expense Ratio 0.27
Sharpe Ratio 2.29
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.4%
Effective Maturity 5 Months 19 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,636
31 Oct 21₹11,010
31 Oct 22₹11,438
31 Oct 23₹12,271
31 Oct 24₹13,206

Franklin India Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Franklin India Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.6%
3 Year 6.2%
5 Year 5.7%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.3%
2022 4.4%
2021 3.6%
2020 6%
2019 8.5%
2018 7.5%
2017 7.2%
2016 8.1%
2015 8.3%
2014 8.9%
Fund Manager information for Franklin India Savings Fund
NameSinceTenure
Rahul Goswami6 Oct 230.99 Yr.
Pallab Roy25 Jun 0816.28 Yr.
Chandni Gupta30 Apr 240.42 Yr.

Data below for Franklin India Savings Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash62.25%
Debt37.55%
Other0.21%
Debt Sector Allocation
SectorValue
Corporate46.75%
Cash Equivalent37.48%
Government15.56%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Canara Bank
Domestic Bonds | -
6%₹121 Cr2,500
India (Republic of)
- | -
5%₹98 Cr10,000,000
Indian Bank
Domestic Bonds | -
5%₹97 Cr2,000
364 DTB 31072025
Sovereign Bonds | -
5%₹95 Cr10,000,000
Union Bank of India
Domestic Bonds | -
4%₹73 Cr1,500
364 DTB 28022025
Sovereign Bonds | -
3%₹68 Cr7,151,200
HDFC Bank Ltd.
Debentures | -
2%₹49 Cr1,000
IDFC First Bank Ltd.
Debentures | -
2%₹49 Cr1,000
Small Industries Development Bank of India
Debentures | -
2%₹49 Cr1,000
182 DTB 09012025
Sovereign Bonds | -
1%₹25 Cr2,500,000

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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