Best Money Market Fund in India 2026
Compare all 25 Money Market Fund Direct Growth funds by stability score, returns, expense ratio and risk metrics. Independent analysis by FundMatrix.
25 Funds₹1.9 Lakh Cr Category AUM0.17% Avg TER6.5% Avg 1Y Return
🛡 Top by Stability Score
1HSBC Money Market Fund802Bajaj Finserv Money Market Fund793Trustmf Money Market Fund784Kotak Money Market Fund - (Growth) - Direct775Nippon India Money Market Fund7625 funds
| Fund Name | AMC | Stability | AUM | TER | 1Y Return | Sharpe | |
|---|---|---|---|---|---|---|---|
Tata Money Market Fund | Tata Mutual Fund | 72High | ₹31K Cr | 0.18% | +6.67% | -0.05 | → |
Kotak Money Market Fund - (Growth) - Direct | Kotak Mahindra Mutual Fund | 77High | ₹29K Cr | 0.16% | +6.64% | -0.11 | → |
ICICI Prudential Money Market Fund | ICICI Prudential Mutual Fund | 67Moderate | ₹25K Cr | — | +6.56% | -0.26 | → |
HDFC Money Market Fund | HDFC Mutual Fund | 72High | ₹22K Cr | 0.22% | +6.61% | -0.18 | → |
Axis Money Market Fund | Axis Mutual Fund | 75High | ₹18K Cr | 0.18% | +6.53% | -0.30 | → |
Nippon India Money Market Fund | Nippon India Mutual Fund | 76High | ₹17K Cr | 0.22% | +6.58% | -0.22 | → |
Bandhan Money Market Fund | Bandhan Mutual Fund | 75High | ₹14K Cr | 0.11% | +6.57% | -0.24 | → |
Invesco India Money Market Fund | Invesco Mutual Fund | 73High | ₹6K Cr | 0.16% | +6.51% | -0.37 | → |
HSBC Money Market Fund | HSBC Mutual Fund | 80High | ₹6K Cr | 0.16% | +6.54% | -0.31 | → |
LIC MF Money Market Fund | LIC Mutual Fund | 72High | ₹5K Cr | 0.17% | +6.77% | 0.15 | → |
Bajaj Finserv Money Market Fund | Bajaj Finserv Mutual Fund | 79Insufficient History | ₹4K Cr | 0.13% | +6.61% | -0.18 | → |
Mirae Asset Money Market Fund | Mirae Asset Mutual Fund | 73High | ₹4K Cr | 0.10% | +6.50% | -0.39 | → |
Franklin India Money Market Fund | Franklin Templeton Mutual Fund | 74High | ₹4K Cr | 0.14% | +6.58% | -0.22 | → |
Baroda BNP Paribas Money Market Fund | Baroda BNP Paribas Mutual Fund | 70Moderate | ₹4K Cr | 0.17% | +6.61% | -0.18 | → |
JioBlackRock Money Market Fund | Jio BlackRock Mutual Fund | 67Insufficient History | ₹3K Cr | 0.16% | +6.51% | -0.36 | → |
Edelweiss Money Market Fund | Edelweiss Mutual Fund | 72High | ₹2K Cr | 0.11% | +6.61% | -0.17 | → |
Sundaram Money Market Fund Direct Plan | Sundaram Mutual Fund | 68Moderate | ₹2K Cr | 0.20% | +6.54% | -0.31 | → |
Union Money Market Fund | Union Mutual Fund | 71High | ₹826 Cr | 0.19% | +6.80% | 0.24 | → |
Bank of India Money Market Fund | Bank of India Mutual Fund | 66Insufficient History | ₹263 Cr | 0.18% | +6.70% | 0.01 | → |
Shriram Money Market Fund | Shriram Mutual Fund | — | ₹132 Cr | 0.12% | — | — | → |
Trustmf Money Market Fund | Trust Mutual Fund | 78High | ₹80 Cr | 0.16% | +6.48% | -0.48 | → |
PGIM India Money Market Fund | PGIM India Mutual Fund | 72High | ₹58 Cr | 0.16% | +6.43% | -0.53 | → |
Groww Money Market Fund | Groww Mutual Fund | — | ₹27 Cr | 0.25% | — | — | → |
JM Money Market Fund (Direct) | JM Financial Mutual Fund | — | ₹12 Cr | — | +4.34% | -11.55 | → |
PGIM India Money Market Fund - Segregated Portfolio 1 | PGIM India Mutual Fund | — | — | — | — | — | → |
Direct Growth plans only · Data from AMFI India · Stability Score is a FundMatrix proprietary metric · Not investment advice