Parking money for weeks or months. Money-market instruments maturing within a year.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are UTI Money Market Fund (+7.2% a year), Axis Money Market Fund (+7.2% a year) and Aditya Birla Sun Life Money Market Fund (+7.2% a year). Past returns do not tell you future returns.
| +6.3% | +7.2% | +6.7% | 1/23 | 0.29% | ₹16,012 cr | |
| +6.3% | +7.2% | +6.6% | 2/23 | 0.35% | ₹19,503 cr | |
Aditya Birla Sun Life Money Market Fund Aditya Birla Sun Life | +6.2% | +7.2% | +6.7% | 3/23 | 0.37% | ₹25,886 cr |
Franklin India Money Market Fund Franklin Templeton | +6.3% | +7.2% | +6.5% | 4/23 | 0.30% | ₹3,983 cr |
ICICI Prudential Money Market Fund - Cash Option ICICI Prudential | +6.2% | +7.2% | +6.6% | 5/23 | — | — |
| +6.2% | +7.2% | +6.6% | 6/23 | 0.40% | ₹32,633 cr | |
Nippon India Money Market Fund Nippon India | +6.2% | +7.2% | +6.7% | 7/23 | 0.39% | ₹19,365 cr |
Kotak Money Market Fund Kotak Mahindra | +6.2% | +7.1% | +6.6% | 8/23 | 0.37% | ₹27,037 cr |
| +6.2% | +7.1% | +6.6% | 9/23 | 0.41% | ₹28,366 cr | |
Sundaram Money Market Fund Sundaram | +6.2% | +7.1% | +6.5% | 10/23 | 0.38% | ₹1,301 cr |
| +6.1% | +7.0% | — | 11/23 | 0.35% | ₹7,633 cr | |
Baroda BNP Paribas Money Market Fund Baroda BNP Paribas | +6.1% | +7.0% | +6.3% | 12/23 | 0.40% | ₹3,268 cr |
Mirae Asset Money Market Fund Mirae Asset | +5.9% | +7.0% | +6.3% | 13/23 | 0.42% | ₹3,567 cr |
Bandhan Money Market Fund Bandhan | +6.2% | +6.9% | +6.2% | 14/23 | — | — |
| +6.1% | +6.9% | +6.3% | 15/23 | 0.40% | ₹8,266 cr | |
| +6.0% | +6.8% | — | 16/23 | 0.45% | ₹259 cr | |
PGIM India Money Market Fund PGIM India | +5.9% | +6.8% | +6.3% | 17/23 | 0.39% | ₹129 cr |
| +5.8% | +6.8% | +6.2% | 18/23 | 0.63% | ₹25,540 cr | |
Bajaj Finserv Money Market Fund Bajaj Finserv | +5.7% | +6.6% | — | 19/23 | 0.78% | ₹4,291 cr |
Edelweiss Money Market Fund Edelweiss | +5.8% | +6.6% | +5.8% | 20/23 | 0.68% | ₹2,086 cr |
| +5.9% | +6.4% | +5.8% | 21/23 | 0.29% | ₹1,057 cr | |
| +6.2% | +6.4% | — | 22/23 | 0.38% | ₹4,383 cr | |
| +5.2% | +6.1% | +5.5% | 23/23 | 0.43% | ₹6,303 cr | |
Bank of India Money Market Fund Bank of India | +6.0% | — | — | — | 0.54% | ₹295 cr |
| — | — | — | — | 0.85% | ₹80 cr | |
JioBlackRock Money Market Fund Jio BlackRock | — | — | — | — | 0.36% | ₹5,409 cr |
Shriram Money Market Fund Shriram | — | — | — | — | 0.35% | ₹95 cr |
Answered from the figures above, updated every business day
27 funds, managing ₹2.47 lakh cr between them as of 3 Nov 2026. The largest is Tata Money Market Fund, at ₹32,633 cr.
The average Money Market fund returned +6.0% over the last year, +6.9% a year over three years, +6.3% a year over five years. Over the last year the funds ranged from +5.2% to +6.3%. Past returns do not tell you future returns.
UTI Money Market Fund, at 0.29% a year, against 0.39% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
UTI Money Market Fund, at +7.2% a year over the last three years, against +6.9% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 0.5%: the higher it is, the more the price swings from day to day. 17 of 27 carry the riskometer level Low to Moderate, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.