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Money Market Mutual Funds
- Average Return 4.93%
- No of Funds 20
What is Money Market Mutual Fund
Money Market Funds are debt funds that lend to companies for a period of up to 1 year. These Funds are designed in a manner that allows the fund manager to generate higher returns while keeping risk under control through adjustment of lending duration. Higher loan tenure usually comes with higher returns.
Advantages of Money Market Funds
- Ideal for an investment horizon of at least 3-6months
- Low chances of loss if someone stays invested for 6+ months
- These schemes tend to give better returns than Bank Fixed Deposits of similar duration
Top schemes of Money Market Mutual Funds sorted by last 5 year returns
20 funds
ShowReturns for
via
#11 of 14
Fund Size
₹378 Crs
Return (p.a)
+ 5.93% + 16.14% + 6.94% + 42.85% + 2.08% + 2.08% + 5.28% + 8.33% + 1.14% + 1.14% + 5.92% + 6.20% + 3.79% + 3.79% + 0.54% + 0.54%
ETM Rank
#11 of 14
Fund Size
₹15,637 Crs
Return (p.a)
+ 5.87% + 15.98% + 6.65% + 40.72% + 2.18% + 2.18% + 5.81% + 9.19% + 1.19% + 1.19% + 6.49% + 6.81% + 4.03% + 4.03% + 0.55% + 0.55%
ETM Rank
#3 of 14
#5 of 14
Fund Size
₹18,870 Crs
Return (p.a)
+ 5.84% + 15.89% + 6.56% + 40.10% + 2.18% + 2.18% + 5.76% + 9.12% + 1.19% + 1.19% + 6.44% + 6.76% + 4.01% + 4.01% + 0.55% + 0.55%
ETM Rank
#5 of 14
#2 of 14
Fund Size
₹11,445 Crs
Return (p.a)
+ 5.78% + 15.71% + 6.53% + 39.87% + 2.15% + 2.15% + 5.81% + 9.19% + 1.17% + 1.17% + 6.48% + 6.80% + 3.99% + 3.99% + 0.55% + 0.55%
ETM Rank
#2 of 14
#9 of 14
Fund Size
₹12,928 Crs
Return (p.a)
+ 5.76% + 15.66% + 5.75% + 34.32% + 2.20% + 2.20% + 5.90% + 9.34% + 1.19% + 1.19% + 6.56% + 6.88% + 4.06% + 4.06% + 0.56% + 0.56%
ETM Rank
#9 of 14
#7 of 14
Fund Size
₹21,800 Crs
Return (p.a)
+ 5.75% + 15.61% + 6.67% + 40.86% + 2.16% + 2.16% + 5.71% + 9.03% + 1.18% + 1.18% + 6.39% + 6.70% + 3.99% + 3.99% + 0.55% + 0.55%
ETM Rank
#7 of 14
#1 of 14
Fund Size
₹9,998 Crs
Return (p.a)
+ 5.74% + 15.60% + 6.51% + 39.71% + 2.18% + 2.18% + 5.76% + 9.13% + 1.19% + 1.19% + 6.46% + 6.77% + 4.00% + 4.00% + 0.55% + 0.55%
ETM Rank
#1 of 14
Fund Size
₹17,050 Crs
Return (p.a)
+ 5.72% + 15.52% + 6.48% + 39.48% + 2.18% + 2.18% + 5.70% + 9.03% + 1.19% + 1.19% + 6.40% + 6.72% + 4.00% + 4.00% + 0.54% + 0.54%
ETM Rank
#4 of 14
#6 of 14
Fund Size
₹18,147 Crs
Return (p.a)
+ 5.63% + 15.28% + 6.41% + 38.97% + 2.15% + 2.15% + 5.70% + 9.02% + 1.17% + 1.17% + 6.39% + 6.70% + 3.95% + 3.95% + 0.55% + 0.55%
ETM Rank
#6 of 14
#8 of 14
Fund Size
₹1,448 Crs
Return (p.a)
+ 5.62% + 15.26% + 6.60% + 40.33% + 2.16% + 2.16% + 5.56% + 8.79% + 1.17% + 1.17% + 6.25% + 6.56% + 3.95% + 3.95% + 0.55% + 0.55%
ETM Rank
#8 of 14
#13 of 14
Fund Size
₹3,497 Crs
Return (p.a)
+ 5.50% + 14.91% + 6.28% + 38.03% + 2.16% + 2.16% + 5.59% + 8.85% + 1.17% + 1.17% + 6.31% + 6.62% + 3.96% + 3.96% + 0.53% + 0.53%
ETM Rank
#13 of 14
#12 of 14
Fund Size
₹1,041 Crs
Return (p.a)
+ 5.50% + 14.90% + 6.62% + 40.51% + 2.11% + 2.11% + 5.41% + 8.55% + 1.14% + 1.14% + 6.14% + 6.44% + 3.88% + 3.88% + 0.52% + 0.52%
ETM Rank
#12 of 14
#14 of 14
Fund Size
₹5,445 Crs
Return (p.a)
+ 5.48% + 14.83% + 6.15% + 37.09% + 2.15% + 2.15% + 5.44% + 8.60% + 1.15% + 1.15% + 6.13% + 6.43% + 3.96% + 3.96% + 0.53% + 0.53%
ETM Rank
#14 of 14
#10 of 14
Fund Size
₹3,597 Crs
Return (p.a)
+ 5.42% + 14.68% + 6.33% + 38.39% + 2.13% + 2.13% + 5.43% + 8.58% + 1.15% + 1.15% + 6.10% + 6.40% + 3.93% + 3.93% + 0.53% + 0.53%
ETM Rank
#10 of 14
Unranked
Fund Size
₹7,187 Crs
Return (p.a)
N.A. N.A.N.A. N.A. + 2.18% + 2.18% + 5.77% + 9.13% + 1.18% + 1.18% + 6.45% + 6.77% + 4.01% + 4.01% + 0.55% + 0.55%
ETM Rank
Unranked
Show all funds
Money Market Funds Returns Calculator
See what your investment would have yielded in
Invested ₹ 6 Lakh
Profit ₹ 3.33 Lakh
₹ 9.33 Lakh
This fund has generated an XIRR of 5.93% over the past 5 Years
SIP Calculator
Mutual Fund Calculator
Lumpsum CalculatorHow to invest in Money Market Funds?
It is quite easy to invest in Money Market mutual funds on ET Money. Here are the steps that you have to follow.
- Register online on ET Money app or website
- Head to Mutual Funds sections and choose the Money Market fund you want to invest in.
- Click on invest and choose the amount and mode of investment (SIP or Lumpsum)
- Provide your KYC details (Pan number, Bank details) and complete your investment.
Frequently Asked Questions
Which are the best Money Market Mutual Funds to invest in 2023?
These are top 5 Money Market funds you can invest in 2023
| Fund Name | Fund Category | ETM Rank | Consistency | 5 Year Return (Annualized) |
|---|---|---|---|---|
| Edelweiss Money Market Fund | Debt | # 14 of 18 | 7.52 % p.a. | |
| Aditya Birla Sun Life Money Manager Fund | Debt | # 8 of 18 | 6.37 % p.a. | |
| HDFC Money Market Fund | Debt | # 6 of 18 | 6.33 % p.a. | |
| Nippon India Money Market Fund | Debt | # 1 of 18 | 6.24 % p.a. | |
| Tata Money Market Fund | Debt | # 2 of 18 | 4.77 % p.a. |
How long should I stay invested in Money Market Mutual Funds?
Money Market Debt Mutual Funds are ideal for an investment horizon of at least 1 year.
Where do Money Market Mutual Funds invest?
Money Market Funds lend for a period of up to 1 year. These funds keep adjusting their lending duration with an aim to generate higher returns while keeping the risk in control.
Are Money Market Mutual Funds high risk?
While these funds lend only for up to 1 year, they keep tweaking this duration so as to generate better returns and keep the risk in control.
What kind of returns can i earn from Money Market ?
Money Market Funds have on an average delivered 6.92% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 4.93% and 6.12%. p.a.
