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Money Market Mutual Funds

In a world of super-low interest rates, many cash-heavy investors move their funds over to money market fund accounts. Money market funds returns are decent, and the accounts are safe. Money market funds are savings vehicles for View More

individuals who want to park their cash in investments without losing value and paying a competitive interest rate. The demand for money market funds has increased in recent years, partly due to bank reserves and government securities management applications. Many investors have also turned to money market funds for their owners’ stability and security.

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List of Money Market Mutual Funds

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TATA written in blue over MUTUAL FUND written in white with both having contrasting backgroundsTata Money Market Fund - Direct Growth

6.60%

Fund Size (Cr.) - 34,138

Invest
Burgundy triangular symbolAXIS Money Market Fund - Direct Growth

6.57%

Fund Size (Cr.) - 19,875

Invest
Red geometric emblem with white geometric shape in betweenNippon India Money Market Fund - Direct Growth

6.49%

Fund Size (Cr.) - 23,227

Invest
A rectangular logo with a pyramid like structure in center formed with red, orange and yellow colours.Aditya Birla SL Money Manager Fund - Dir Growth

6.51%

Fund Size (Cr.) - 30,160

Invest
Red lamp lilke geometric icon with flame like illustration in orange and yellowBandhan Money Market Fund - Direct Growth

6.60%

Fund Size (Cr.) - 14,090

Invest
MIRAE ASSET written in blue with orange curved arrow.Mirae Asset Money Market Fund - Direct Growth

6.42%

Fund Size (Cr.) - 3,486

Invest
Blue background with a geometric emblem in whiteBajaj Finserv Money Market Fund - Direct Growth

6.52%

Fund Size (Cr.) - 4,478

Invest
Black and red square logo with a few white rectangles and a red rectangleHDFC Money Market Fund - Direct Growth

6.52%

Fund Size (Cr.) - 31,371

Invest
image of a person with long hair inside a circular frameFranklin India Money Market Fund - Direct Growth

6.48%

Fund Size (Cr.) - 4,205

Invest
A blue kalash on a orange rectangle, next to a blue rectangle with uti written inside it in white. overall over UTI Mutual Fund written in blueUTI-Money Market Fund - Direct Growth

6.49%

Fund Size (Cr.) - 18,782

Invest
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How a Money Market Fund Works?

The money market funds function just like a normal mutual fund. They offer redeemable shares or units to all the investors and get mandated to follow all the guidelines, which are drafted by the monetary regulators. View More

A money market mutual fund will invest in various kinds of debt-based instruments. The returns which you receive from these instruments depend heavily on the pertinent market interest rates.

Besides that, the entire return through the money market funds also depends on the interest rates. These funds are designed to enable fund managers to generate much higher returns.

It also helps in keeping all the risks under control by adjusting the lending duration. When the loan tenure is high, you will certainly receive a much higher return without any issues.

Popular Money Market Mutual Funds

  • Min SIP Investment Amt
  • ₹ 150
  • AUM (Cr.)
  • ₹ 34,138
  • 3Y Returns
  • 7.55%

  • Tata Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Amit Somani. With an impressive AUM of ₹34,138 Crores, this scheme's latest NAV is ₹5181.8221 as of 8/14/2026 12:00:00 AM.


    Tata Money Market Fund - Direct Growth scheme has delivered a return performance of 6.60% in the last 1 year, 7.55% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 150, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 150
  • AUM (Cr.)
  • ₹ 34,138
  • 3Y Returns
  • 7.55%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 19,875
  • 3Y Returns
  • 7.47%

  • AXIS Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 26-07-2019 and is currently under the management of our experienced fund manager Devang Shah. With an impressive AUM of ₹19,875 Crores, this scheme's latest NAV is ₹1554.9735 as of 8/14/2026 12:00:00 AM.


    AXIS Money Market Fund - Direct Growth scheme has delivered a return performance of 6.57% in the last 1 year, 7.47% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 19,875
  • 3Y Returns
  • 7.47%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 23,227
  • 3Y Returns
  • 7.45%

  • Nippon India Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Vikas Agrawal. With an impressive AUM of ₹23,227 Crores, this scheme's latest NAV is ₹4524.3055 as of 8/14/2026 12:00:00 AM.


    Nippon India Money Market Fund - Direct Growth scheme has delivered a return performance of 6.49% in the last 1 year, 7.45% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 23,227
  • 3Y Returns
  • 7.45%

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 30,160
  • 3Y Returns
  • 7.44%

  • Aditya Birla SL Money Manager Fund - Dir Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Mohit Sharma. With an impressive AUM of ₹30,160 Crores, this scheme's latest NAV is ₹403.346 as of 8/14/2026 12:00:00 AM.


    Aditya Birla SL Money Manager Fund - Dir Growth scheme has delivered a return performance of 6.51% in the last 1 year, 7.44% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 30,160
  • 3Y Returns
  • 7.44%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 14,090
  • 3Y Returns
  • 7.44%

  • Bandhan Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Brijesh Shah. With an impressive AUM of ₹14,090 Crores, this scheme's latest NAV is ₹47.0084 as of 8/14/2026 12:00:00 AM.


    Bandhan Money Market Fund - Direct Growth scheme has delivered a return performance of 6.60% in the last 1 year, 7.44% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 14,090
  • 3Y Returns
  • 7.44%

  • Min SIP Investment Amt
  • ₹ 99
  • AUM (Cr.)
  • ₹ 3,486
  • 3Y Returns
  • 7.43%

  • Mirae Asset Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 04-08-2021 and is currently under the management of our experienced fund manager Pranavi Kulkarni. With an impressive AUM of ₹3,486 Crores, this scheme's latest NAV is ₹1373.9962 as of 8/14/2026 12:00:00 AM.


    Mirae Asset Money Market Fund - Direct Growth scheme has delivered a return performance of 6.42% in the last 1 year, 7.43% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 99, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 99
  • AUM (Cr.)
  • ₹ 3,486
  • 3Y Returns
  • 7.43%

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 4,478
  • 3Y Returns
  • 7.42%

  • Bajaj Finserv Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 17-07-2023 and is currently under the management of our experienced fund manager Siddharth Chaudhary. With an impressive AUM of ₹4,478 Crores, this scheme's latest NAV is ₹1249.2308 as of 8/14/2026 12:00:00 AM.


    Bajaj Finserv Money Market Fund - Direct Growth scheme has delivered a return performance of 6.52% in the last 1 year, 7.42% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 4,478
  • 3Y Returns
  • 7.42%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 31,371
  • 3Y Returns
  • 7.41%

  • HDFC Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 31-12-2012 and is currently under the management of our experienced fund manager Praveen Jain. With an impressive AUM of ₹31,371 Crores, this scheme's latest NAV is ₹6273.6615 as of 8/14/2026 12:00:00 AM.


    HDFC Money Market Fund - Direct Growth scheme has delivered a return performance of 6.52% in the last 1 year, 7.41% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 31,371
  • 3Y Returns
  • 7.41%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 4,205
  • 3Y Returns
  • 7.41%

  • Franklin India Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Rohan Maru. With an impressive AUM of ₹4,205 Crores, this scheme's latest NAV is ₹55.7688 as of 8/14/2026 12:00:00 AM.


    Franklin India Money Market Fund - Direct Growth scheme has delivered a return performance of 6.48% in the last 1 year, 7.41% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 4,205
  • 3Y Returns
  • 7.41%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 18,782
  • 3Y Returns
  • 7.41%

  • UTI-Money Market Fund - Direct Growth is an Money Market Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Amit Sharma. With an impressive AUM of ₹18,782 Crores, this scheme's latest NAV is ₹3357.7487 as of 8/14/2026 12:00:00 AM.


    UTI-Money Market Fund - Direct Growth scheme has delivered a return performance of 6.49% in the last 1 year, 7.41% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Money Market Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 18,782
  • 3Y Returns
  • 7.41%
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