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
Money Market Mutual Funds List
| Fund Name | Fund Size (Cr.) | 3Y Returns | 5Y Returns | |
|---|---|---|---|---|
Tata Money Market Fund - Direct Growth
|
27,483 | 6.86% | 6.25% | |
Nippon India Money Market Fund - Direct Growth
|
18,196 | 6.79% | 6.06% | |
Aditya Birla SL Money Manager Fund - Dir Growth
|
25,834 | 6.77% | 6.20% | |
AXIS Money Market Fund - Direct Growth
|
17,436 | 6.76% | 6.10% | |
UTI-Money Market Fund - Direct Growth
|
16,372 | 6.74% | 6.04% | |
HDFC Money Market Fund - Direct Growth
|
26,788 | 6.71% | 6.15% | |
Kotak Money Market Fund - Direct Growth
|
29,774 | 6.70% | 5.92% | |
ICICI Pru Money Market Fund - Direct Growth
|
28,736 | 6.68% | 6.04% | |
SBI Savings Fund - Direct Growth
|
28,254 | 6.67% | 6.02% | |
PGIM India Money Market Fund - Direct Growth
|
171 | 6.65% | - |
| Fund Name | 1Y Returns | Rating | Fund Size (Cr.) |
|---|---|---|---|
Tata Money Market Fund - Direct Growth
|
8.00% Fund Size (Cr.) - 27,483 |
||
Nippon India Money Market Fund - Direct Growth
|
7.87% Fund Size (Cr.) - 18,196 |
||
Aditya Birla SL Money Manager Fund - Dir Growth
|
7.90% Fund Size (Cr.) - 25,834 |
||
AXIS Money Market Fund - Direct Growth
|
7.92% Fund Size (Cr.) - 17,436 |
||
UTI-Money Market Fund - Direct Growth
|
7.82% Fund Size (Cr.) - 16,372 |
||
HDFC Money Market Fund - Direct Growth
|
7.83% Fund Size (Cr.) - 26,788 |
||
Kotak Money Market Fund - Direct Growth
|
7.83% Fund Size (Cr.) - 29,774 |
||
ICICI Pru Money Market Fund - Direct Growth
|
7.83% Fund Size (Cr.) - 28,736 |
||
SBI Savings Fund - Direct Growth
|
7.80% Fund Size (Cr.) - 28,254 |
||
PGIM India Money Market Fund - Direct Growth
|
7.57% Fund Size (Cr.) - 171 |
How a Money Market Fund Works?
Types of Money Market Instruments
Who should invest in Money Market Funds?
Features of Money Market Funds
Taxability of Money Market Funds
Risks involved with Money Market Funds
Advantages of Money Market Funds
Disadvantages of Money Market Funds
History of Money Market Funds
Popular Money Market Mutual Funds
- Tata Money Market Fund - Direct Growth
- ₹ 150
- ₹ 27,4830
- 6.86%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 27,483
- 3Y Return
- 6.86%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 27,483
- 3Y Return
- 6.86%
- Nippon India Money Market Fund - Direct Growth
- ₹ 100
- ₹ 18,1960
- 6.79%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 18,196
- 3Y Return
- 6.79%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 18,196
- 3Y Return
- 6.79%
- Aditya Birla SL Money Manager Fund - Dir Growth
- ₹ 1000
- ₹ 25,8340
- 6.77%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 25,834
- 3Y Return
- 6.77%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 25,834
- 3Y Return
- 6.77%
- AXIS Money Market Fund - Direct Growth
- ₹ 100
- ₹ 17,4360
- 6.76%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 17,436
- 3Y Return
- 6.76%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 17,436
- 3Y Return
- 6.76%
- UTI-Money Market Fund - Direct Growth
- ₹ 500
- ₹ 16,3720
- 6.74%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 16,372
- 3Y Return
- 6.74%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 16,372
- 3Y Return
- 6.74%
- HDFC Money Market Fund - Direct Growth
- ₹ 100
- ₹ 26,7880
- 6.71%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 26,788
- 3Y Return
- 6.71%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 26,788
- 3Y Return
- 6.71%
- Kotak Money Market Fund - Direct Growth
- ₹ 100
- ₹ 29,7740
- 6.70%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 29,774
- 3Y Return
- 6.70%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 29,774
- 3Y Return
- 6.70%
- ICICI Pru Money Market Fund - Direct Growth
- ₹ 100
- ₹ 28,7360
- 6.68%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 28,736
- 3Y Return
- 6.68%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 28,736
- 3Y Return
- 6.68%
- SBI Savings Fund - Direct Growth
- ₹ 500
- ₹ 28,2540
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 28,254
- 3Y Return
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 28,254
- 3Y Return
- 6.67%
- PGIM India Money Market Fund - Direct Growth
- ₹ 1000
- ₹ 1710
- 6.65%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 171
- 3Y Return
- 6.65%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 171
- 3Y Return
- 6.65%
FAQs
In short, yes, they are. The money market funds invest in short-term and highly stable debt securities, which have low risk. As the investments keep going, the money market mutual fund rates are viewed as safe, even when they are not completely risk-free.
The money market yields are pretty low because they hold up all the securities with maturities for up to 1 year.
There is no insurance available on the money market funds because they are insured by FDIC or the federal government.
The money market accounts are deposit accounts, which are situated in banks. They are ideal for short-term savings and emergency funds that you want to access within a short time.
The short term for all the securities where the MMF can invest is between 1 year to 3 years.
- Aggressive Hybrid
- Arbitrage
- Balanced Hybrid
- Banking and PSU
- Childrens
- Conservative Hybrid
- Contra
- Corporate Bond
- Credit Risk
- Dividend Yield
- Dynamic Asset
- Dynamic Bond
- ELSS
- Equity Savings
- Fixed Maturity Plans
- Flexi Cap
- Floater
- Focused
- FoFs Domestic
- FoFs Overseas
- Gilt Fund with 10 year
- Gilt
- Index
- Large & Mid Cap
- Large Cap
- Liquid
- Long Duration
- Low Duration
- Medium Duration
- Medium to Long Duration
- Mid Cap
- Money Market
- Multi Asset Allocation
- Multi Cap
- Overnight
- Passive ELSS
- Retirement
- Sectoral / Thematic
- Short Duration
- Small Cap
- Ultra Short Duration
- Value