Debt · Category
Best Money Market Mutual Funds 2026
Money Market is a SEBI-defined mutual fund category. Every fund below follows the same category mandate, which makes their returns directly comparable — the differences you see come from the fund manager's choices and the fund's costs, not from a difference in what they are allowed to hold.
All 38 Money Market funds, ranked
Ordered by three-year annualised return, computed from official AMFI NAV history to a common date.
NAV as of 4 Oct 2026
Category average over 3Y: 6.6% a year across 24 funds with a full record.
- 16.6%7.5%6.9%+0.9—
Tata Money Market Fund
Tata
- 26.5%7.4%6.8%+0.8—
Axis Money Market Fund
Axis
- 36.6%7.4%6.7%+0.8—
Bandhan Money Market Fund
Bandhan
- 46.5%7.4%6.8%+0.8—
Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life
- 56.4%7.4%6.6%+0.8—
Mirae Asset Money Market Fund
Mirae Asset
- 66.5%7.4%6.7%+0.8—
Franklin India Money Market Fund
Franklin Templeton
- 76.5%7.4%6.7%+0.8—
HDFC Money Market Fund
HDFC
- 86.5%7.4%6.7%+0.8—
Kotak Money Market Fund
Kotak Mahindra
- 96.5%7.4%6.7%+0.8—
UTI MMF
UTI
- 106.5%7.3%—+0.8—
Bajaj Finserv Money Market Fund
Bajaj Finserv
- 116.5%7.3%6.7%+0.8—
ICICI Prudential Money Market Fund Option
ICICI Prudential
- 126.5%7.3%6.5%+0.7—
Edelweiss Money Market Fund
Edelweiss
- 136.4%7.3%6.6%+0.7—
HSBC Money Market Fund
HSBC
- 146.3%7.3%6.7%+0.7—
SBI SAVINGS FUND
SBI
- 156.5%7.3%6.5%+0.7—
Sundaram Money Market Fund
Sundaram
- 166.5%7.2%6.5%+0.6—
Baroda BNP Paribas Money Market Fund
Baroda BNP Paribas
- 176.4%7.2%6.5%+0.6—
Invesco India Money Market Fund
Invesco
- 186.5%7.2%6.5%+0.6—
DSP Savings Fund
DSP
- 196.7%7.2%6.5%+0.6—
Union Money Market Fund
Union
- 206.3%7.2%6.6%+0.6—
PGIM India Money Market Fund
PGIM India
- 216.4%7.1%—+0.5—
TRUSTMF MONEY MARKET FUND
Trust
- 226.4%7.1%6.3%+0.5—
UTI MMF- Discontinued
UTI
- 236.6%6.8%—+0.2—
LIC MF Money Market Fund
LIC
- 24-37.4%-10.0%-4.0%-16.6—
NIPPON INDIA MONEY MARKET FUND
Nippon India
Not enough history to rank
These 14 funds do not yet have a full 3Y NAV record, so ranking them against the funds above would compare different periods.
How to read the table below
Returns are annualised and computed from our own AMFI NAV history rather than taken from a fund factsheet, so every fund on this page is measured to the same date on the same basis. The category average is calculated across the same set.
Expense ratio is the annual cost, already deducted from the NAV you see. Direct plans cost less than regular plans because they carry no distributor commission.
Past returns describe what happened; they are not a forecast.
Frequently asked questions
How are Money Market funds ranked on this page?+
By three-year annualised return, computed from official AMFI NAV history to a common date, so every fund is measured on the same basis. Funds without a full three-year record are listed separately rather than ranked against funds that have one.
Are these returns after fees?+
Yes. Returns are calculated from NAV, and the expense ratio is already deducted from NAV daily. The expense-ratio column tells you what that ongoing cost is.
How this page is produced
Every figure above is computed from our own archive of the official AMFI NAV file, going back to 2006, to NAV dated 4 Oct 2026. Nothing here is copied from a factsheet or a third-party summary. The full method is published, including its limitations.
Written and maintained by Azad Mohammed, who built the pipeline these numbers come out of. Found an error? Tell us — corrections are made and the page rebuilds within the hour.
This page describes what each fund has done. It is not investment advice and not a recommendation to buy or sell any scheme. Arthkar is not a SEBI-registered investment adviser and does not provide or arrange investment advice. Mutual fund investments are subject to market risk; read all scheme related documents carefully.