HDFC Money Market Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Money Market Fund is a 25 yrs 11 m old fund and has delivered average annual returns of 7.22% since inception. HDFC Money Market Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.49% 7.48% 6.06% 6.69% 7.22%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Money Market Fund has an expense ratio of 0.41% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹5834.6307+0.05% 1 day change	7.22% p.a.	App exclusive #NA View Ranked Funds	₹37,139 Cr

Historical NAV & returns

NAV: ₹5834.6307 as on Oct 20, 2025

This fund Category average

HDFC Money Market Fund overview

AUM (Fund size)	₹37,139 Cr
Exit load	0%
Lock-in Period	Nil
Age	25 yrs 11 m since Nov 18, 1999
Benchmark	CRISIL Money Market A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.41% as on Sep 30, 2025
Plan type	Regular
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 26, 2025

Period	This fund	Category average
1 Month	0.46%	0.46%
3 Months	1.34%	1.32%
6 Months	3.22%	3.17%
1 Year	7.49%	7.31%
2 Years	7.58%	7.36%
3 Years	7.48%	7.24%
4 Years	6.64%	6.42%
5 Years	6.06%	5.85%
7 Years	6.54%	6.29%
10 Years	6.69%	6.51%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 90.1%

SOV 12.51%

Others 0.24%

Cash & Call Money -2.85%

Top Debt Holdings

Bank Of Baroda 8.04%

National Bank For Agriculture & Rural Development 7.37%

Union Bank of India 6.19%

Canara Bank 5.93%

Allocation by Instruments

Certificate of Deposit 63.03%

Commercial Paper 27.07000000000002%

State Development Loan 5.549999999999999%

Treasury Bills 5.279999999999999%

Other Holdings

Others 0.24%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Money Market Fund	0.46%	3.22%	7.49%	7.48%	6.06%	6.69%
UTI Money Market Fund	0.47%	3.28%	7.6%	7.59%	6.15%	6.76%
Sundaram Money Market Fund	0.47%	3.24%	7.47%	7.3%	5.86%	4.35%
Nippon India Money Market Fund	0.47%	3.28%	7.55%	7.56%	6.16%	6.76%
Tata Money Market Fund	0.47%	3.25%	7.54%	7.55%	6.14%	5.98%
Aditya Birla Sun Life Money Manager Fund	0.47%	3.27%	7.53%	7.58%	6.15%	6.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Money Market Fund	0.34	0.86	2.76	5.62
UTI Money Market Fund	0.32	0.8	3.21	6.79
Sundaram Money Market Fund	0.33	0.85	2.36	4.87
Nippon India Money Market Fund	0.33	0.82	3.04	6.25
Tata Money Market Fund	0.33	0.83	3.02	6.02
Aditya Birla Sun Life Money Manager Fund	0.31	0.78	3.29	6.39

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Money Market Fund	N.A.	37,139 Cr	25 yrs 11 m	0.41%
UTI Money Market Fund	N.A.	18,862 Cr	16 yrs 3 m	0.22%
Sundaram Money Market Fund	N.A.	1,761 Cr	7 yrs 1 m	0.29%
Nippon India Money Market Fund	N.A.	23,246 Cr	20 yrs 4 m	0.38%
Tata Money Market Fund	N.A.	38,808 Cr	22 yrs 5 m	0.4%
Aditya Birla Sun Life Money Manager Fund	N.A.	26,757 Cr	20 yrs	0.36%

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.47 vs. 3.39 Underperformed at beating benchmark
Sharpe	2.76 vs. 3.65 Poor risk-adjusted returns
Beta	0.86 vs. 2.49 Less sensitive to market ups & downs
Standard deviation	0.34 vs. 0.3 More volatile performance

Compare HDFC Money Market Fund in detail with

About this fund

About HDFC Money Market Fund

HDFC Money Market Fund is a Money Market mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 25 yrs 11 m, having been launched on 18/11/1999. HDFC Money Market Fund has ₹37,139 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Money Market Fund as of 20/10/2025 is ₹5834.63. The fund has an expense ratio of 0.41%, which is higher than what most other Money Market funds charge.

HDFC Money Market Fund returns of last 1-year are 7.59%. Since launch, it has delivered 7.22% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HDFC Money Market Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Bank Of Baroda, National Bank For Agriculture & Rural Development, Union Bank of India, Canara Bank, Punjab National Bank.

...

Fund AUM	37,139 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Praveen Jain

Mr. Jain has done CA and CFA Prior to joining HDFC Mutual Fund, he has worked with Larsen & Toubro Ltd and Tata Motors

Investment objective

The scheme seeks to generate income / capital appreciation by investing in money market instruments.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	1,725 Cr	1.35%	12.5%
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.79%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.77%	N.A.
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.83%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.0%	7.94%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.9%	7.92%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Money Market Fund?

The current Net Asset Value (NAV) of the HDFC Money Market Fund plan is approximately ₹5834.6307 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Money Market Fund is a 25 yrs 11 m old fund and has delivered average annual returns of 7.22% since inception.

HDFC Money Market Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.49%	7.48%	6.06%	6.69%	7.22%

How much does this mutual fund charge as expense ratio?

The HDFC Money Market Fund has an expense ratio of 0.41%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HDFC Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 37,139 Cr as on Sep 30, 2025.

To whom does HDFC Money Market Fund lend to?

The top 3 debt holdings of HDFC Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Bank Of Baroda	8.04%
National Bank For Agriculture & Rural Development	7.37%
Union Bank of India	6.19%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	90.1%
SOV	12.51%
Others	0.24%

What is risk level of HDFC Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in HDFC Money Market Fund?

Redeeming your investments in the HDFC Money Market Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.