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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 November 19, 2024 , 42931 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 ₹353.174
↑ 0.12
₹26,3480.61.83.77.87.47.55%5M 8D5M 8D
Nippon India Money Market Fund Growth ₹3,960.62
↑ 1.23
₹19,1050.61.83.77.77.47.46%5M 17D5M 30D
ICICI Prudential Money Market Fund Growth ₹362.099
↑ 0.12
₹27,9740.61.83.77.77.47.38%4M 10D4M 21D
UTI Money Market Fund Growth ₹2,941.77
↑ 0.96
₹16,1130.61.93.87.77.47.43%5M 5D5M 5D
Tata Money Market Fund Growth ₹4,505.88
↑ 1.50
₹26,7830.61.83.77.77.47.32%4M 4M 1D
Kotak Money Market Scheme Growth ₹4,286.36
↑ 1.37
₹29,4880.61.83.77.77.37.4%4M 24D4M 24D
HDFC Money Market Fund Growth ₹5,455.91
↑ 1.77
₹27,9870.61.83.77.77.37.38%4M 2D4M 12D
Franklin India Savings Fund Growth ₹47.8554
↑ 0.01
₹2,4580.61.83.77.67.37.39%5M 19D6M
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Nov 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 (21 Nov 24) ₹353.174 ↑ 0.12   (0.03 %)
Net Assets (Cr) ₹26,348 on 31 Oct 24
Category Debt - Money Market
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.34
Sharpe Ratio 3.19
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.55%
Effective Maturity 5 Months 8 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,694
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 21 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.8%
3 Year 6.6%
5 Year 6.1%
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 1113.31 Yr.
Anuj Jain22 Mar 213.62 Yr.
Mohit Sharma1 Apr 177.59 Yr.
Dhaval Joshi21 Nov 221.95 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash73.01%
Debt26.75%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate53.93%
Cash Equivalent35.62%
Government10.22%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 13032025
Sovereign Bonds | -
2%₹633 Cr65,000,000
↑ 65,000,000
Axis Bank Ltd.
Debentures | -
2%₹490 Cr10,000
364 DTB 13022025
Sovereign Bonds | -
2%₹490 Cr50,000,000
↑ 50,000,000
IDFC First Bank Ltd.
Debentures | -
2%₹487 Cr10,000
05.80 MH Sdl 2025
Sovereign Bonds | -
2%₹469 Cr47,000,000
07.38% MP Sdl 2025
Sovereign Bonds | -
2%₹466 Cr46,500,000
Tata Teleservices Ltd
Debentures | -
2%₹463 Cr9,500
Small Industries Development Bank of India
Debentures | -
1%₹390 Cr8,000
HDFC Bank Ltd.
Debentures | -
1%₹341 Cr7,000
Indusind Bank Ltd.
Debentures | -
1%₹294 Cr6,000

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 (21 Nov 24) ₹3,960.62 ↑ 1.23   (0.03 %)
Net Assets (Cr) ₹19,105 on 31 Oct 24
Category Debt - Money Market
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.37
Sharpe Ratio 2.89
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.46%
Effective Maturity 5 Months 30 Days
Modified Duration 5 Months 17 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 21 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.6%
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 186.3 Yr.
Vikash Agarwal14 Sep 240.13 Yr.

Data below for Nippon India Money Market Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash90.15%
Debt9.63%
Other0.22%
Debt Sector Allocation
SectorValue
Cash Equivalent90.15%
Government9.63%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 12122024
Sovereign Bonds | -
2%₹323 Cr32,500,000
↓ -5,000,000
07.38% MP Sdl 2025
Sovereign Bonds | -
1%₹276 Cr27,500,000
08.10 JH Sdl 2025
Sovereign Bonds | -
1%₹251 Cr25,000,000
182 D Tbill Mat - 14/02/2025
Sovereign Bonds | -
1%₹211 Cr21,500,000
↑ 21,500,000
182 DTB 05122024
Sovereign Bonds | -
1%₹199 Cr20,000,000
182 DTB 27022025
Sovereign Bonds | -
1%₹147 Cr15,000,000
↑ 15,000,000
182 DTB 18102024
Sovereign Bonds | -
1%₹147 Cr15,000,000
India (Republic of)
- | -
1%₹146 Cr15,000,000
364 DTB 13022025
Sovereign Bonds | -
1%₹108 Cr11,000,000
↑ 1,000,000
08.06 AP Sdl 2025
Sovereign Bonds | -
1%₹100 Cr10,000,000

3. 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 (21 Nov 24) ₹362.099 ↑ 0.12   (0.03 %)
Net Assets (Cr) ₹27,974 on 31 Oct 24
Category Debt - Money Market
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.32
Sharpe Ratio 2.85
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.38%
Effective Maturity 4 Months 21 Days
Modified Duration 4 Months 10 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 21 Nov 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 7.1%
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 231.39 Yr.
Nikhil Kabra3 Aug 168.25 Yr.

Data below for ICICI Prudential Money Market Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash69.93%
Debt29.87%
Other0.2%
Debt Sector Allocation
SectorValue
Corporate54.2%
Cash Equivalent36.06%
Government9.54%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd.
Debentures | -
3%₹931 Cr20,000
↑ 20,000
364 DTB 06032025
Sovereign Bonds | -
3%₹927 Cr95,000,000
Small Industries Development Bank of India
Debentures | -
3%₹886 Cr18,200
↓ -1,000
Indian Bank
Domestic Bonds | -
2%₹583 Cr12,000
Union Bank of India
Domestic Bonds | -
2%₹582 Cr12,000
Axis Bank Ltd.
Debentures | -
2%₹466 Cr10,000
↑ 10,000
India (Republic of)
- | -
1%₹389 Cr40,000,000
182 DTB 18112024
Sovereign Bonds | -
1%₹348 Cr35,000,000
182 Day T-Bill 19.12.24
Sovereign Bonds | -
1%₹321 Cr32,500,000
Hero Fincorp Limited
Debentures | -
1%₹292 Cr6,000

4. 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 (21 Nov 24) ₹2,941.77 ↑ 0.96   (0.03 %)
Net Assets (Cr) ₹16,113 on 31 Oct 24
Category Debt - Money Market
AMC UTI Asset Management Company Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio 3.17
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 21 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.8%
1 Year 7.7%
3 Year 6.6%
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 212.92 Yr.
Amit Sharma7 Jul 177.33 Yr.

Data below for UTI Money Market Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash90.48%
Debt9.29%
Other0.23%
Debt Sector Allocation
SectorValue
Cash Equivalent90.48%
Government9.29%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 18102024
Sovereign Bonds | -
6%₹1,012 Cr10,350,000,000
↑ 5,350,000,000
182 D Tbill Mat - 14/02/2025
Sovereign Bonds | -
2%₹294 Cr3,000,000,000
↑ 3,000,000,000
182 DTB 07112024
Sovereign Bonds | -
1%₹200 Cr2,000,000,000
08.09 Ts SDL 2025
Sovereign Bonds | -
1%₹135 Cr1,350,000,000
08.08 CG Sdl 2025
Sovereign Bonds | -
1%₹100 Cr1,000,000,000
7.52% GJ Sdl 08/03/2025
Sovereign Bonds | -
1%₹100 Cr1,000,000,000
08.09 Uk SDL 2025
Sovereign Bonds | -
0%₹50 Cr500,000,000
182 DTB 12122024
Sovereign Bonds | -
0%₹50 Cr500,000,000
↓ -3,000,000,000
08.07 GJ Sdl 2025
Sovereign Bonds | -
0%₹45 Cr450,000,000
CORPORATE DEBT MARKET DEVT FUND - A2 UNITS
Investment Fund | -
0%₹37 Cr35,515

5. 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 (21 Nov 24) ₹4,505.88 ↑ 1.50   (0.03 %)
Net Assets (Cr) ₹26,783 on 31 Oct 24
Category Debt - Money Market
AMC Tata Asset Management Limited
Rating
Risk Low
Expense Ratio 0
Sharpe Ratio 3.1
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.32%
Effective Maturity 4 Months 1 Day
Modified Duration 4 Months

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 21 Nov 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 1311.05 Yr.

Data below for Tata Money Market Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash91.69%
Debt8.1%
Other0.21%
Debt Sector Allocation
SectorValue
Cash Equivalent91.69%
Government8.1%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 12122024
Sovereign Bonds | -
2%₹668 Cr67,500,000
182 DTB 18102024
Sovereign Bonds | -
2%₹488 Cr50,000,000
↑ 50,000,000
182 DTB 26122024
Sovereign Bonds | -
1%₹370 Cr37,500,000
364 Day T-Bill 30.01.25
Sovereign Bonds | -
1%₹358 Cr36,500,000
182 DTB 13032025
Sovereign Bonds | -
1%₹341 Cr35,000,000
↑ 35,000,000
182 DTB 10042025
Sovereign Bonds | -
1%₹330 Cr34,000,000
↑ 34,000,000
182 DTB 30012025
Sovereign Bonds | -
1%₹304 Cr31,000,000
↓ -500,000
182 DTB 05122024
Sovereign Bonds | -
1%₹273 Cr27,500,000
08.14 GJ Sdl 2025
Sovereign Bonds | -
0%₹120 Cr12,000,000
7.52% GJ Sdl 08/03/2025
Sovereign Bonds | -
0%₹100 Cr10,000,000

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 (21 Nov 24) ₹4,286.36 ↑ 1.37   (0.03 %)
Net Assets (Cr) ₹29,488 on 31 Oct 24
Category Debt - Money Market
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.35
Sharpe Ratio 2.83
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.4%
Effective Maturity 4 Months 24 Days
Modified Duration 4 Months 24 Days

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 21 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.7%
3 Year 6.5%
5 Year 5.8%
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 0618.01 Yr.
Manu Sharma1 Nov 222 Yr.

Data below for Kotak Money Market Scheme as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash80.85%
Debt18.96%
Other0.19%
Debt Sector Allocation
SectorValue
Corporate58.15%
Cash Equivalent30.63%
Government11.03%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.03% Govt Stock 2024
Sovereign Bonds | -
2%₹675 Cr67,500,000
182 DTB 06022025
Sovereign Bonds | -
2%₹490 Cr50,000,000
182 DTB 18102024
Sovereign Bonds | -
2%₹488 Cr50,000,000
Indusind Bank Ltd.
Debentures | -
1%₹392 Cr40,000
364 Days T - Bill- 06/02/2025
Sovereign Bonds | -
1%₹392 Cr40,000,000
↑ 40,000,000
ICICI Bank Ltd.
Debentures | -
1%₹392 Cr40,000
Axis Bank Ltd.
Debentures | -
1%₹392 Cr40,000
5.22 Govt Stock 15062025
Sovereign Bonds | -
1%₹347 Cr35,000,000
↑ 35,000,000
05.80 MH Sdl 2025
Sovereign Bonds | -
1%₹249 Cr25,000,000
Indusind Bank Ltd.
Debentures | -
1%₹244 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 (21 Nov 24) ₹5,455.91 ↑ 1.77   (0.03 %)
Net Assets (Cr) ₹27,987 on 31 Oct 24
Category Debt - Money Market
AMC HDFC Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0.41
Sharpe Ratio 2.54
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load NIL
Yield to Maturity 7.38%
Effective Maturity 4 Months 12 Days
Modified Duration 4 Months 2 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 21 Nov 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 240.17 Yr.
Dhruv Muchhal22 Jun 231.36 Yr.

Data below for HDFC Money Market Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash78.36%
Debt21.42%
Other0.21%
Debt Sector Allocation
SectorValue
Corporate51.82%
Cash Equivalent40.51%
Government7.46%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bank of Baroda
Debentures | -
2%₹585 Cr12,000
Union Bank of India
Domestic Bonds | -
2%₹539 Cr11,000
364 DTB 13032025
Sovereign Bonds | -
2%₹536 Cr55,000,000
Tata Teleservices Ltd
Debentures | -
1%₹341 Cr7,000
182 DTB 14112024
Sovereign Bonds | -
1%₹303 Cr30,500,000
↑ 500,000
91 DTB 28112024
Sovereign Bonds | -
1%₹298 Cr30,000,000
↑ 30,000,000
Indusind Bank Ltd.
Debentures | -
1%₹293 Cr6,000
Indian Bank
Domestic Bonds | -
1%₹243 Cr5,000
Punjab & Sind Bank
Debentures | -
1%₹242 Cr5,000
08.10 Up SDL 2025
Sovereign Bonds | -
1%₹241 Cr24,000,000

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 (21 Nov 24) ₹47.8554 ↑ 0.01   (0.03 %)
Net Assets (Cr) ₹2,458 on 31 Oct 24
Category Debt - Money Market
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately Low
Expense Ratio 0.27
Sharpe Ratio 2.67
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.39%
Effective Maturity 6 Months
Modified Duration 5 Months 19 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 21 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.6%
3 Year 6.3%
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 231.07 Yr.
Rohan Maru10 Oct 240.06 Yr.
Chandni Gupta30 Apr 240.51 Yr.

Data below for Franklin India Savings Fund as on 31 Oct 24

Asset Allocation
Asset ClassValue
Cash75.5%
Debt24.33%
Other0.17%
Debt Sector Allocation
SectorValue
Corporate46.92%
Cash Equivalent38.92%
Government13.99%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
4%₹98 Cr10,000,000
Indian Bank
Domestic Bonds | -
4%₹97 Cr2,000
364 DTB 31072025
Sovereign Bonds | -
4%₹95 Cr10,000,000
364 DTB 28022025
Sovereign Bonds | -
3%₹68 Cr7,151,200
HDFC Bank Ltd.
Debentures | -
2%₹54 Cr1,100
↑ 100
5.22 Govt Stock 15062025
Sovereign Bonds | -
2%₹50 Cr5,000,000
↑ 5,000,000
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
364 DTB
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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