ICICI Prudential Money Market Fund vs HDFC Money Market Fund
Updated June 2026 · both Money Market funds · metrics from AMFI NAVs
In short: HDFC Money Market Fund has the higher 3-year return (+7.34%); ICICI Prudential Money Market Fund has the lower expense ratio (0.21%). This is analysis from past data, not a recommendation.
| Metric | ICICI Prudential Money Market Fund | HDFC Money Market Fund |
|---|---|---|
| 1Y return | +6.03% | +6.07% |
| 3Y CAGR | +7.32% | +7.34% |
| 5Y CAGR | +6.46% | +6.50% |
| Sharpe ratio | - | - |
| Max drawdown | -0.2% | -0.2% |
| Volatility | 0.6% | 0.6% |
| Alpha | -0.01% | +0.01% |
| Expense ratio (Direct) | 0.21% | 0.22% |
| AUM | ₹34.2K Cr | ₹31.8K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
ICICI Prudential Money Market Fund has the lower Direct-plan expense ratio (0.21%), versus 0.22% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
HDFC Money Market Fund has the higher 3-year CAGR (+7.34%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.