Best Money Market Fund in India 2026

Compare all 26 Money Market Fund Direct Growth funds by stability score, returns, expense ratio and risk metrics. Independent analysis by FundMatrix.

26 Funds₹2.4 Lakh Cr Category AUM0.17% Avg TER6.7% Avg 1Y Return

🛡 Top by Stability Score

1HSBC Money Market Fund80 2TRUSTMF Money Market Fund78 3Bajaj Finserv Money Market Fund78 4Nippon India Money Market Fund76 5Axis Money Market Fund76

📈 Top by 1Y Returns

1Union Money Market Fund6.88%2Kotak Money Market Fund6.87%3LIC MF Money Market Fund6.76%4Bank of India Money Market Fund6.72%5Bajaj Finserv Money Market Fund6.72%

🏦 Top by AUM

1Tata Money Market Fund29860.24 Cr 2ICICI Prudential Money Market Fund27755.81 Cr 3Kotak Money Market Fund26299.80 Cr 4SBI Money Market Fund25033.45 Cr 5HDFC Money Market Fund23714.86 Cr

26 funds

Fund Name	AMC	Stability	AUM	TER	1Y Return	Sharpe
Tata Money Market Fund	Tata Mutual Fund	71High	₹30K Cr	0.18%	+6.66%	-0.08	→
ICICI Prudential Money Market Fund	ICICI Prudential Mutual Fund	72High	₹28K Cr	0.21%	+6.63%	-0.06	→
Kotak Money Market Fund	Kotak Mahindra Mutual Fund	75High	₹26K Cr	0.16%	+6.87%	0.32	→
SBI Money Market Fund	SBI Mutual Fund	71High	₹25K Cr	0.26%	+6.41%	-0.54	→
HDFC Money Market Fund	HDFC Mutual Fund	72High	₹24K Cr	0.22%	+6.66%	-0.00	→
Aditya Birla Sun Life Money Market Fund	Aditya Birla Sun Life Mutual Fund	74High	₹22K Cr	0.22%	+6.66%	0.00	→
Nippon India Money Market Fund	Nippon India Mutual Fund	76High	₹18K Cr	0.22%	+6.63%	-0.07	→
Axis Money Market Fund	Axis Mutual Fund	76High	₹18K Cr	0.16%	+6.62%	-0.14	→
DSP Money Market Fund	DSP Mutual Fund	73High	₹8K Cr	0.18%	+6.67%	0.02	→
HSBC Money Market Fund	HSBC Mutual Fund	80High	₹7K Cr	0.16%	+6.69%	0.15	→
Invesco India Money Market Fund	Invesco Mutual Fund	75High	₹6K Cr	0.16%	+6.68%	0.13	→
Bajaj Finserv Money Market Fund	Bajaj Finserv Mutual Fund	78High	₹5K Cr	0.13%	+6.72%	0.21	→
LIC MF Money Market Fund	LIC Mutual Fund	71High	₹4K Cr	0.17%	+6.76%	0.20	→
JioBlackRock Money Market Fund	Jio BlackRock Mutual Fund	64Insufficient History	₹4K Cr	0.16%	+6.62%	0.04	→
Franklin India Money Market Fund	Franklin Templeton Mutual Fund	73High	₹3K Cr	0.14%	+6.71%	0.09	→
Mirae Asset Money Market Fund	Mirae Asset Mutual Fund	72High	₹3K Cr	0.11%	+6.66%	0.08	→
Baroda BNP Paribas Money Market Fund	Baroda BNP Paribas Mutual Fund	68Moderate	₹3K Cr	0.17%	+6.63%	-0.07	→
Edelweiss Money Market Fund	Edelweiss Mutual Fund	72High	₹2K Cr	0.11%	+6.70%	0.07	→
Sundaram Money Market Fund	Sundaram Mutual Fund	67Moderate	₹1K Cr	0.20%	+6.63%	-0.06	→
Union Money Market Fund	Union Mutual Fund	71High	₹1K Cr	0.18%	+6.88%	0.45	→
Bank of India Money Market Fund	Bank of India Mutual Fund	64Insufficient History	₹253 Cr	0.18%	+6.72%	0.12	→
TRUSTMF Money Market Fund	Trust Mutual Fund	78High	₹96 Cr	0.16%	+6.53%	-0.26	→
Shriram Money Market Fund	Shriram Mutual Fund	—	₹53 Cr	0.12%	—	—	→
PGIM India Money Market Fund	PGIM India Mutual Fund	71High	₹49 Cr	0.16%	+6.46%	-0.37	→
Groww Money Market Fund	Groww Mutual Fund	—	₹20 Cr	0.25%	—	—	→
PGIM India Money Market Fund	PGIM India Mutual Fund	—	—	0.16%	—	—	→

Direct Growth plans only · Data from AMFI India · Stability Score is a FundMatrix proprietary metric · Not investment advice