Money Market Mutual Funds

Find here some best Money Market fund to invest

Annual Returns 6.19%
Average Risk Low
Total Funds 26

What is Money Market Mutual Fund?

Money market funds are basically open-ended debt schemes that invest in the money market instruments that have maturity period of up to 1 year. These funds usually invest in the short-term debt securities such as commercial paper, US treasury bills, certificate of deposits, etc. These money market schemes are appropriate for investors who are interested in investing for a period of up to 365 days. The risk involved in this scheme is low and therefore it is one of the best investment options for conservative investors.

Top Performing Money Market Funds in India for High Returns

Returns

SIP Returns

Risk

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NAV Details

Data in this table : Get historical returns. If 1Y column is 10% that means, fund has given 10% returns in last 1 year.

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Fund Name	AUM (Cr.)	Fund Age	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y
UTI MMF - Regular Plan - Growth Option	17809.8	15 years	0.2%	1.19%	2.34%	4.15%	2.64%	8%	7.79%	7.19%	6.16%	6.83%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	2547.83	23 years	0.19%	1.22%	2.36%	4.17%	2.67%	8%	7.7%	7%	5.92%	6.84%	Invest
Sundaram Money Market Fund Direct Plan - Growth	573.85	6 years	0.2%	1.2%	2.37%	4.18%	2.67%	7.98%	7.65%	7.03%	5.8%	-	Invest
ICICI Prudential Money Market Fund Option - Growth	27651.78	19 years	0.19%	1.2%	2.34%	4.14%	2.63%	7.97%	7.76%	7.12%	6.11%	6.79%	Invest
Axis Money Market Fund - Regular Plan - Growth Option	17744.78	5 years	0.19%	1.19%	2.33%	4.13%	2.62%	7.97%	7.75%	7.12%	6.11%	-	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	16582.08	19 years	0.2%	1.19%	2.34%	4.11%	2.62%	7.95%	7.76%	7.17%	6.12%	6.83%	Invest
Tata Money Market Fund-Regular Plan - Growth Option	27183.89	21 years	0.2%	1.18%	2.34%	4.13%	2.64%	7.94%	7.75%	7.13%	6.17%	6.05%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	25918.85	19 years	0.19%	1.13%	2.3%	4.1%	2.59%	7.94%	7.76%	7.16%	6.21%	6.92%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	25918.85	19 years	0.19%	1.13%	2.3%	4.1%	2.59%	7.94%	7.76%	7.16%	6.21%	6.92%	Invest
Kotak Money Market Fund - (Growth)	27942.82	-	0.19%	3.47%	3.47%	4.11%	3.47%	7.93%	7.72%	7.11%	6.01%	6.77%	Invest
Kotak Money Market Fund - (Growth)	27942.82	-	0.19%	3.47%	3.47%	4.11%	3.47%	7.93%	7.72%	7.11%	6.01%	6.77%	Invest
HDFC Money Market Fund - Growth Option	27366.37	25 years	0.19%	1.18%	2.33%	4.1%	2.62%	7.91%	7.69%	7.06%	6.13%	69.15%	Invest
Mirae Asset Money Market Fund Regular Growth	1956.72	3 years	0.19%	1.15%	2.27%	4.05%	2.56%	7.81%	7.49%	6.75%	-	-	Invest
HSBC Money Market Fund - Regular Growth	2456.27	19 years	0.19%	1.15%	2.28%	4.03%	2.56%	7.76%	7.46%	6.7%	5.48%	6.73%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	543.27	5 years	0.19%	1.13%	2.28%	4.01%	2.55%	7.75%	7.36%	6.65%	5.23%	-	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	543.27	5 years	0.19%	1.13%	2.28%	4.01%	2.55%	7.75%	7.36%	6.65%	5.23%	-	Invest
UTI MMF-Discontinued - Regular Plan -Growth	17809.8	27 years	0.2%	1.19%	2.34%	4.13%	2.64%	7.71%	7.38%	6.74%	5.68%	6.31%	Invest
Invesco India Money Market Fund - Growth	5681.77	15 years	0.19%	1.15%	2.26%	3.95%	2.53%	7.63%	7.43%	6.67%	5.69%	6.51%	Invest
BANDHAN Money Manager Fund - Regular Plan - Growth	10624.49	22 years	0.19%	1.16%	2.3%	4.05%	2.59%	7.62%	7.2%	6.51%	5.37%	6.13%	Invest
PGIM India Money Market Fund - Regular Plan - Growth Option	175.64	5 years	0.2%	1.17%	2.25%	3.96%	2.53%	7.58%	7.32%	6.76%	5.43%	-	Invest
SBI Savings Fund - Regular Plan - Growth	27466.82	20 years	0.19%	1.14%	2.24%	3.91%	2.51%	7.52%	7.28%	6.65%	5.65%	6.51%	Invest
DSP Savings Fund - Regular Plan - Growth	4030.03	25 years	0.18%	1%	2.1%	3.8%	2.37%	7.47%	7.36%	6.67%	5.73%	6.29%	Invest
Edelweiss Money Market Fund - Regular Plan - Growth Option	1368.77	16 years	0.18%	1.14%	2.21%	3.8%	2.46%	7.3%	6.98%	6.16%	5.01%	6.32%	Invest
Invesco India Money Market Fund - Regular - Growth	5681.77	15 years	0.17%	1.08%	2.07%	3.56%	2.3%	6.79%	6.63%	5.9%	4.94%	5.76%	Invest
LIC MF Money Market Fund Regular - Growth	22.48	2 years	0.18%	0.94%	1.85%	3.28%	2.1%	6.23%	6.33%	-	-	-	Invest
Bank Of India Money Market Fund-regular-growth	0	2 months	0.18%	1.15%	-	-	-	-	-	-	-	-	Invest

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	Apr-2025	Mar-2025	Feb-2025	Jan-2025	Dec-2024	Nov-2024	Oct-2024	Sep-2024	Aug-2024	Jul-2024	Jun-2024	May-2024

Fund Name	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3

Fund Name	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013

Fund Name	AUM (Cr.)	Risk	1W	1M	3M	6M	YTD	1Y	2Y	3Y	5Y	10Y

Fund Name	AUM (Cr.)	Initial NAV	Final NAV	NAV Change	Absolute Ret.	Annalized Ret.

Fund Name	AUM (Cr.)	Risk	6M	1Y	2Y	3Y	5Y	10Y	From Launch
UTI MMF - Regular Plan - Growth Option	17809.8	Low to Moderate	2.29%	8.45%	8.02%	7.8%	6.84%	6.63%	18.29%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	2547.83	Low to Moderate	2.32%	8.48%	7.99%	7.72%	6.68%	6.56%	7.23%	Invest
Sundaram Money Market Fund Direct Plan - Growth	573.85	Moderate	2.31%	8.47%	7.96%	7.67%	6.66%	-	6.35%	Invest
ICICI Prudential Money Market Fund Option - Growth	27651.78	Moderate	2.29%	8.42%	7.99%	7.77%	6.78%	6.59%	18.66%	Invest
Axis Money Market Fund - Regular Plan - Growth Option	17744.78	Moderate	2.28%	8.41%	7.99%	7.76%	6.79%	-	6.62%	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	16582.08	Moderate	2.28%	8.39%	7.99%	7.77%	6.83%	6.64%	39.86%	Invest
Tata Money Market Fund-Regular Plan - Growth Option	27183.89	Low to Moderate	2.29%	8.4%	7.99%	7.76%	6.82%	6.05%	26.38%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	25918.85	Moderate	2.24%	8.33%	7.98%	7.78%	6.83%	6.71%	21.14%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	25918.85	Moderate	2.24%	8.33%	7.98%	7.78%	6.83%	6.71%	21.14%	Invest
Kotak Money Market Fund - (Growth)	27942.82	Moderate	3.47%	8.12%	7.89%	7.7%	6.76%	6.54%	37.47%	Invest
Kotak Money Market Fund - (Growth)	27942.82	Moderate	3.47%	8.12%	7.89%	7.7%	6.76%	6.54%	37.47%	Invest
HDFC Money Market Fund - Growth Option	27366.37	Low to Moderate	2.27%	8.35%	7.93%	7.7%	6.74%	38.68%	33.84%	Invest
Mirae Asset Money Market Fund Regular Growth	1956.72	Low to Moderate	2.23%	8.24%	7.8%	7.45%	-	-	7.05%	Invest
HSBC Money Market Fund - Regular Growth	2456.27	Low to Moderate	2.23%	8.21%	7.75%	7.46%	6.36%	6.27%	5.09%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	543.27	Low to Moderate	2.22%	8.17%	7.66%	7.38%	6.31%	-	6.01%	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	543.27	Low to Moderate	2.22%	8.17%	7.66%	7.38%	6.31%	-	6.01%	Invest
UTI MMF-Discontinued - Regular Plan -Growth	17809.8	Low to Moderate	2.29%	8.31%	7.71%	7.42%	6.41%	6.14%	29.61%	Invest
Invesco India Money Market Fund - Growth	5681.77	Low to Moderate	2.2%	8.07%	7.68%	7.44%	6.39%	6.19%	45.96%	Invest
BANDHAN Money Manager Fund - Regular Plan - Growth	10624.49	Low to Moderate	2.25%	8.2%	7.57%	7.25%	6.19%	5.82%	6.52%	Invest
PGIM India Money Market Fund - Regular Plan - Growth Option	175.64	Low to Moderate	2.21%	8.05%	7.57%	7.36%	6.34%	-	6.28%	Invest
SBI Savings Fund - Regular Plan - Growth	27466.82	Moderate	2.18%	7.96%	7.53%	7.3%	6.34%	6.18%	7.02%	Invest
DSP Savings Fund - Regular Plan - Growth	4030.03	Low to Moderate	2.05%	7.74%	7.5%	7.36%	6.37%	6.17%	6.4%	Invest
Edelweiss Money Market Fund - Regular Plan - Growth Option	1368.77	Low to Moderate	2.14%	7.78%	7.29%	6.98%	5.9%	6.15%	6.51%	Invest
Invesco India Money Market Fund - Regular - Growth	5681.77	Low to Moderate	2.01%	7.26%	6.86%	6.65%	5.62%	5.43%	44.7%	Invest
LIC MF Money Market Fund Regular - Growth	22.48	Low to Moderate	1.83%	6.56%	6.35%	-	-	-	6.3%	Invest
Bank Of India Money Market Fund-regular-growth	0	Low to Moderate	-	-	-	-	-	-	11.12%	Invest

Fund Name	Risk	Standard Deviation	Alpha	Beta	Sharpe Ratio
UTI MMF - Regular Plan - Growth Option	Low to Moderate	0.432%	-	2.89%	1.324%	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	Low to Moderate	0.497%	-	3.522%	0.435%	Invest
Sundaram Money Market Fund Direct Plan - Growth	Moderate	0.391%	-	2.158%	0.937%	Invest
ICICI Prudential Money Market Fund Option - Growth	Moderate	0.58%	2.9%	1.27%	0.6%	Invest
Axis Money Market Fund - Regular Plan - Growth Option	Moderate	0.479%	-	3.408%	0.954%	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	Moderate	0.54%	2.82%	1.18%	0.84%	Invest
Tata Money Market Fund-Regular Plan - Growth Option	Low to Moderate	0.58%	2.96%	1.28%	0.69%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	Moderate	0.58%	2.99%	1.27%	0.76%	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	Moderate	0.58%	2.99%	1.27%	0.76%	Invest
Kotak Money Market Fund - (Growth)	Moderate	0.54%	2.78%	1.19%	0.71%	Invest
Kotak Money Market Fund - (Growth)	Moderate	0.54%	2.78%	1.19%	0.71%	Invest
HDFC Money Market Fund - Growth Option	Low to Moderate	0.457%	-	3.307%	0.781%	Invest
Mirae Asset Money Market Fund Regular Growth	Low to Moderate	0.431%	-	2.13%	-	Invest
HSBC Money Market Fund - Regular Growth	Low to Moderate	0.516%	-	3.613%	-	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	Low to Moderate	0.472%	-	2.974%	-	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	Low to Moderate	0.472%	-	2.974%	-	Invest
UTI MMF-Discontinued - Regular Plan -Growth	Low to Moderate	0.436%	-	2.878%	-	Invest
Invesco India Money Market Fund - Growth	Low to Moderate	0.71%	3%	1.55%	-	Invest
BANDHAN Money Manager Fund - Regular Plan - Growth	Low to Moderate	0.477%	-	3.328%	-	Invest
PGIM India Money Market Fund - Regular Plan - Growth Option	Low to Moderate	0.446%	-	2.574%	-	Invest
SBI Savings Fund - Regular Plan - Growth	Moderate	0.463%	-	3.387%	-	Invest
DSP Savings Fund - Regular Plan - Growth	Low to Moderate	0.638%	-	4.622%	-	Invest
Edelweiss Money Market Fund - Regular Plan - Growth Option	Low to Moderate	0.558%	-	4.174%	-	Invest
Invesco India Money Market Fund - Regular - Growth	Low to Moderate	0.71%	2.27%	1.54%	-	Invest
LIC MF Money Market Fund Regular - Growth	Low to Moderate	0.97%	-	-	-	Invest
Bank Of India Money Market Fund-regular-growth	Low to Moderate	-	-	-	-	Invest

Fund Name	Min SIP	Min Lumpsum	Expense Ratio	Fund Manager	Launch Date
UTI MMF - Regular Plan - Growth Option	₹500	₹500	0.23%	Anurag Mittal	09-Jul 2009	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	₹500	₹10000	0.29%	Rahul Goswami	11-Feb 2002	Invest
Sundaram Money Market Fund Direct Plan - Growth	₹200000	₹1000	0.16%	Dwijendra Srivastava	26-Sep 2018	Invest
ICICI Prudential Money Market Fund Option - Growth	₹100	₹500	0.32%	Manish Banthia	08-Mar 2006	Invest
Axis Money Market Fund - Regular Plan - Growth Option	₹1000	₹5000	0.32%	Devang Shah	06-Aug 2019	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	₹100	₹500	0.41%	Anju Chhajer	15-Jun 2005	Invest
Tata Money Market Fund-Regular Plan - Growth Option	₹500	₹5000	0.41%	Amit Somani	23-May 2003	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	₹1000	₹1000	0.35%	Kaustubh Gupta	17-Oct 2005	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	₹1000	₹1000	0.35%	Kaustubh Gupta	17-Oct 2005	Invest
Kotak Money Market Fund - (Growth)	₹1000	₹100	0.36%	Deepak Agrawal	14-Jul 2003	Invest
Kotak Money Market Fund - (Growth)	₹1000	₹100	0.36%	Deepak Agrawal	14-Jul 2003	Invest
HDFC Money Market Fund - Growth Option	₹100	₹100	0.41%	Vikash Agarwal	19-Nov 1999	Invest
Mirae Asset Money Market Fund Regular Growth	₹1000	₹5000	0.42%	Amit Modani	11-Aug 2021	Invest
HSBC Money Market Fund - Regular Growth	₹1000	₹5000	0.4%	Shriram Ramanathan	10-Aug 2005	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	₹500	₹5000	0.43%	Mayank Prakash	19-Jun 2019	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	₹500	₹5000	0.43%	Mayank Prakash	19-Jun 2019	Invest
UTI MMF-Discontinued - Regular Plan -Growth	₹500	₹500	0.27%	Anurag Mittal	23-Apr 1997	Invest
Invesco India Money Market Fund - Growth	₹1000	₹1000	0.48%	Krishna Venkat Cheemalapati	28-Aug 2009	Invest
BANDHAN Money Manager Fund - Regular Plan - Growth	₹100	₹100	0.35%	Gautam Kaul	18-Feb 2003	Invest
PGIM India Money Market Fund - Regular Plan - Growth Option	₹1000	₹5000	0.46%	Puneet Pal	06-Mar 2020	Invest
SBI Savings Fund - Regular Plan - Growth	₹500	₹500	0.69%	Rajeev Radhakrishnan	19-Jul 2004	Invest
DSP Savings Fund - Regular Plan - Growth	₹100	₹100	0.49%	Kedar Karnik	30-Sep 1999	Invest
Edelweiss Money Market Fund - Regular Plan - Growth Option	₹100	₹100	0.82%	Dhawal Dalal	27-Jun 2008	Invest
Invesco India Money Market Fund - Regular - Growth	₹500	₹5000	0.48%	Krishna Venkat Cheemalapati	28-Aug 2009	Invest
LIC MF Money Market Fund Regular - Growth	₹1000	₹5000	1.02%	Rahul Singh	01-Aug 2022	Invest
Bank Of India Money Market Fund-regular-growth	₹0	₹5000	-	Mithraem Bharucha	03-Feb 2025	Invest

Fund Name	Current NAV	Previous NAV	1D NAV Change	52- Week High NAV	52- Week Low NAV
UTI MMF - Regular Plan - Growth Option	3043.3494 (17-04-2025)	3042.5097 (16-04-2025)	0.03%	3043.35	2820.41	Invest
FRANKLIN INDIA MONEY MARKET FUND-GROWTH	49.5210 (17-04-2025)	49.5052 (16-04-2025)	0.03%	49.521	45.8942	Invest
Sundaram Money Market Fund Direct Plan - Growth	14.8937 (17-04-2025)	14.8890 (16-04-2025)	0.03%	14.8937	13.8047	Invest
ICICI Prudential Money Market Fund Option - Growth	374.5466 (17-04-2025)	374.4365 (16-04-2025)	0.03%	374.547	347.193	Invest
Axis Money Market Fund - Regular Plan - Growth Option	1412.2674 (17-04-2025)	1411.8489 (16-04-2025)	0.03%	1412.27	1309.12	Invest
Nippon India Money Market Fund-Growth Plan-Growth Option	4096.1224 (17-04-2025)	4094.9115 (16-04-2025)	0.03%	4096.12	3797.78	Invest
Tata Money Market Fund-Regular Plan - Growth Option	4660.8072 (17-04-2025)	4659.4078 (16-04-2025)	0.03%	4660.81	4321.86	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	365.1682 (17-04-2025)	365.0588 (16-04-2025)	0.03%	365.168	338.611	Invest
Aditya Birla Sun Life Money Manager Fund - Growth	365.1682 (17-04-2025)	365.0588 (16-04-2025)	0.03%	352.993	338.611	Invest
Kotak Money Market Fund - (Growth)	4432.7252 (17-04-2025)	4431.3758 (16-04-2025)	0.03%	4432.73	4110.79	Invest
Kotak Money Market Fund - (Growth)	4432.7252 (17-04-2025)	4431.3758 (16-04-2025)	0.03%	4432.73	4110.79	Invest
HDFC Money Market Fund - Growth Option	5642.1708 (17-04-2025)	5640.522 (16-04-2025)	0.03%	5642.17	5233.45	Invest
Mirae Asset Money Market Fund Regular Growth	1243.7523 (17-04-2025)	1243.3425 (16-04-2025)	0.03%	1243.75	1154.72	Invest
HSBC Money Market Fund - Regular Growth	26.0554 (17-04-2025)	26.0477 (16-04-2025)	0.03%	26.0554	24.1988	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	1360.5912 (17-04-2025)	1360.1509 (16-04-2025)	0.03%	1360.59	1264.28	Invest
Baroda BNP Paribas Money Market Fund-Regular Plan - Growth	1360.5912 (17-04-2025)	1360.1509 (16-04-2025)	0.03%	1360.59	1264.28	Invest
UTI MMF-Discontinued - Regular Plan -Growth	7032.4031 (17-04-2025)	7030.4631 (16-04-2025)	0.03%	7032.4	6534.49	Invest
Invesco India Money Market Fund - Growth	3007.6637 (17-04-2025)	3006.7495 (16-04-2025)	0.03%	3007.66	2796.84	Invest
BANDHAN Money Manager Fund - Regular Plan - Growth	39.7878 (17-04-2025)	39.7767 (16-04-2025)	0.03%	39.7878	36.9977	Invest
PGIM India Money Market Fund - Regular Plan - Growth Option	1310.4089 (17-04-2025)	1310.0717 (16-04-2025)	0.03%	1310.41	1219.04	Invest
SBI Savings Fund - Regular Plan - Growth	40.9259 (17-04-2025)	40.9153 (16-04-2025)	0.03%	40.9259	38.0961	Invest
DSP Savings Fund - Regular Plan - Growth	51.9564 (17-04-2025)	51.9412 (16-04-2025)	0.03%	51.9564	48.3869	Invest
Edelweiss Money Market Fund - Regular Plan - Growth Option	28.0977 (17-04-2025)	28.0891 (16-04-2025)	0.03%	28.0977	26.2071	Invest
Invesco India Money Market Fund - Regular - Growth	2663.7091 (17-04-2025)	2662.9557 (16-04-2025)	0.03%	2663.71	2495.96	Invest
LIC MF Money Market Fund Regular - Growth	1173.4266 (17-04-2025)	1173.2345 (16-04-2025)	0.02%	1173.43	1105.59	Invest
Bank Of India Money Market Fund-regular-growth	()	()	0%	10.1881	10.005	Invest

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SBI Savings Fund - Regular Plan - Growth 3Y Returns 6.65% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.19%

HDFC Money Market Fund - Growth Option 3Y Returns 7.06% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.19%

UTI MMF-Discontinued - Regular Plan -Growth 3Y Returns 6.74% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.19%

LIC MF Money Market Fund Regular - Growth 3Y Returns 0% VS

UTI MMF - Regular Plan - Growth Option 3Y Returns 7.19%

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Invested Amount ₹43,855
Interest Earned ₹6,145

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Frequently Asked Questions

Who should invest in Money Market Mutual Funds?

Money Market funds are suitable for the investors who can digest high risk in search for higher returns. Moreover, these funds are not suitable for the investors who are stepping in the finance market with a short term investment perspective as they might end up delivering negative returns.

What is the minimum investment required for investing in Money Market funds?

The minimum investment depends from one scheme to another. In general, for lumpsum investment the minimum investment can range from Rs. 500 to Rs. 5000. Whereas, in case of SIP, the range may vary between Rs. 500 to Rs. 1000. For authentic information, never forget to check the scheme related documents.

What is the investment philosophy followed by Money Market companies?

The fund manager of Money Market fund targets the best small sized companies having the potential to generate excellent gains in the future. Such companies do not have much resources as the large cap or mid cap companies but have high potential to outperform many big companies.

Why to invest in Money Market funds?

Money Market funds have more tendency of providing exceptional returns than the other categories of funds. Moreover, they can also be a suitable option for providing diversification to your portfolio.

How risky are Money Market funds?

Money Market funds are one of the riskiest mutual funds. But at the same time rewards are also high. Therefore, an investor who is willing to expose his corpus towards risk for fetching higher returns should invest in Money Market funds.

Are Money Market Funds for long term investment?

Yes, Money Market funds are a suitable choice for generating long term capital appreciation. Moreover, in short term these funds can cause double digit losses to the investors. Thus, always maintain a long term investment perspective while investing in Money Market mutual funds.

What is the benchmark of Money Market Fund?

Benchmark is a standard with which a mutual fund competes in terms of growth & performance. Different Money Market funds have different benchmark. Thus, read the mutual fund document carefully to know the benchmark.

What are the taxes applied on Money Market Mutual Funds?

Money Market funds are eligible for two types of taxes- STCG (Short Term Capital Gain) and LTCG (Long Term Capital Gain). STCG is the capital gain generated on the units which are hold for up to 1 year. The STCG tax imposed by the Government of India is 15%. LTCG is the profit generated on the units which are hold for more than one years. The LTCG levied is 10% for the profit above Rs. 1 Lakh.