Money Market Mutual Funds in India

Money Market funds invest only in money-market instruments - treasury bills, commercial paper, certificates of deposit and similar - with a maximum maturity of one year, per SEBI's definition. They sit close to Liquid and Ultra Short funds but are distinguished by instrument type rather than a narrow duration band: the focus is on high-quality, short-tenor money-market paper. This gives low interest-rate risk and generally modest credit risk, with yields a little above Liquid funds in many environments. The typical role is short-term cash management with a horizon of several months to about a year - holding surplus money, building a conservative buffer, or earning a steady carry on idle balances. Returns are stable and NAV movement is usually small, though not guaranteed. The default benchmark on FindMF is the NIFTY Money Market Index. We compute trailing returns and risk metrics for all 57 Money Market funds from AMFI-published daily NAVs using a disclosed methodology, so you can compare yield and stability across the category on consistent terms.

Who it suits: Investors with a several-month-to-one-year horizon wanting steady carry from high-quality short-term money-market paper.

37% of the 27 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.