Bandhan Money Market Fund
Money MarketLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹43.58-0.01%1 day
- Return since launch
- 6.4%
- 52-week range
- ₹40.96 — ₹43.58
- AUM
- ₹15,338 Cr
Bandhan Money Market Fund is a Money Market debt fund from Bandhan Mutual Fund with ₹15,338 Cr under management, launched in 2003. Over three years it has returned 6.9% a year, against 7.0% for its category. The expense ratio is 0.35% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +0.5 pts | 6.3% | 6.7% |
| 2Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 3Y | 6.9% | −0.1 pts | 7.0% | 6.9% |
| 5Y | 6.7% | +0.4 pts | 6.3% | 6.9% |
| 7Y | 6.2% | −0.3 pts | 6.4% | 6.4% |
| 10Y | 6.0% | −0.4 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.7% | 0.0 pts | 1.7% | 1.6% |
| 6M | 3.6% | 0.0 pts | 3.6% | 3.6% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 7.0% | +0.1 pts | 6.9% | 7.0% |
| 3Y | 7.0% | 0.0 pts | 7.0% | 7.1% |
| 5Y | 6.1% | −0.2 pts | 6.3% | 6.4% |
| 7Y | 5.6% | −0.4 pts | 6.0% | 5.9% |
| 10Y | 5.9% | −0.5 pts | 6.4% | 6.6% |
Since launch (18 Feb 2003): 6.4%
Calendar-year returns
Category average5.0%
2.9%
4.0%
6.7%
7.1%
7.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | −0.2 pts | 7.5% |
| 2024 | 7.1% | −0.5 pts | 7.6% |
| 2023 | 6.7% | −0.7 pts | 7.3% |
| 2022 | 4.0% | −0.7 pts | 4.7% |
| 2021 | 2.9% | −0.8 pts | 3.8% |
| 2020 | 5.0% | −1.1 pts | 6.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.35%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.30%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.08 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.47 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.51 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt98.2%
- Other1.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 3.31% | ₹508 Cr | +0.33% | +0.33% | +3.05% |
| Reserve Bank of India | Financial | 2.83% | ₹434 Cr | +0.19% | +0.17% | +0.62% |
| Others | Others | 2.08% | ₹325 Cr | +0.96% | +0.96% | +0.96% |
| Kotak Mahindra Bank Ltd. | Financial | 1.90% | ₹292 Cr | +1.90% | +1.63% | +0.96% |
| Sundaram Finance Ltd. | Financial | 1.74% | ₹267 Cr | +1.90% | — | — |
| PNB Housing Finance Ltd. | Financial | 1.73% | ₹266 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 1.59% | ₹243 Cr | +1.59% | +1.59% | +0.53% |
| Muthoot Finance Ltd. | Financial | 1.42% | ₹218 Cr | +1.42% | +1.42% | +0.38% |
| company:4789 | Financial | 1.42% | ₹217 Cr | +0.64% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.41% | ₹215 Cr | +5.04% | +1.34% | +1.52% |
| ICICI Bank Ltd. | Financial | 1.27% | ₹195 Cr | +1.27% | +1.27% | — |
| ICICI Securities Ltd. | Financial | 1.26% | ₹193 Cr | +1.26% | +1.01% | +1.33% |
| National Bank For Financing Infrastructure And Development | Financial | 1.26% | ₹193 Cr | +1.26% | — | — |
| Canara Bank | Financial | 1.23% | ₹189 Cr | +0.64% | +0.67% | +0.08% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.11% | ₹170 Cr | +1.11% | +1.20% | +1.52% |
| Jio Credit Ltd. | Financial | 1.10% | ₹169 Cr | +1.10% | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 1.10% | ₹169 Cr | +1.10% | +0.94% | +0.77% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 0.94% | ₹145 Cr | +0.94% | — | — |
| GOI | Sovereign | 0.88% | ₹134 Cr | +0.06% | +0.06% | +1.88% |
| Bihar State | Others | 0.72% | ₹110 Cr | +0.10% | +0.17% | +0.20% |
| LIC Housing Finance Ltd. | Financial | 0.63% | ₹96.53 Cr | +0.63% | — | +0.77% |
| The Federal Bank Ltd. | Financial | 0.63% | ₹97.24 Cr | +0.63% | +0.63% | +0.76% |
| company:9822 | Automobile | 0.63% | ₹96.61 Cr | — | — | — |
| Indian Bank | Financial | 0.62% | ₹95.08 Cr | +0.16% | +0.34% | +0.38% |
| Punjab National Bank | Financial | 0.48% | ₹73.62 Cr | +0.64% | +0.84% | +0.57% |
| company:5721 | Financial | 0.48% | ₹73.66 Cr | — | +1.18% | +0.39% |
| L&T Finance Ltd. | Financial | 0.47% | ₹72.14 Cr | +0.47% | +0.17% | — |
| company:6943 | Others | 0.43% | ₹65.47 Cr | — | — | — |
| Union Bank of India | Financial | 0.32% | ₹48.74 Cr | +4.25% | +0.51% | +0.77% |
| Bank Of Baroda | Financial | 0.16% | ₹24.54 Cr | +0.64% | +1.28% | +0.75% |
| Gujarat State | Construction | 0.16% | ₹25.19 Cr | +0.27% | +0.76% | — |
| Madhya Pradesh State | Others | 0.16% | ₹25.18 Cr | +0.17% | — | — |
| company:6885 | Others | 0.16% | ₹25.10 Cr | — | — | — |
| Uttar Pradesh State | Others | 0.13% | ₹20.20 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.10% | ₹14.81 Cr | +0.48% | — | +0.78% |
| Karnataka State | Others | 0.10% | ₹15.15 Cr | +0.17% | +0.17% | — |
| Axis Bank Ltd. | Financial | 0.08% | ₹11.82 Cr | +0.97% | +0.32% | +0.75% |
| Rajasthan State | Others | 0.03% | ₹5.04 Cr | +0.17% | +0.17% | +0.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 0.35% | 2.83% | +2.48% |
| Small Industries Devp. Bank of India Ltd. | 2.73% | 0.93% | -1.80% |
| GOI | 1.75% | 0.10% | -1.65% |
| company:4789 | 0.00% | 1.42% | +1.42% |
| Canara Bank | 2.17% | 1.23% | -0.94% |
| Kotak Mahindra Prime Ltd. | 0.85% | 0.00% | -0.85% |
| company:9822 | 0.00% | 0.63% | +0.63% |
| company:5721 | 0.00% | 0.48% | +0.48% |
| company:6943 | 0.00% | 0.43% | +0.43% |
| Tamilnadu State | 0.42% | 0.00% | -0.42% |
| Bihar State | 0.32% | 0.72% | +0.40% |
| HDFC Bank Ltd. | 3.58% | 3.31% | -0.27% |
| Axis Bank Ltd. | 0.35% | 0.08% | -0.27% |
| Bank Of Baroda | 0.34% | 0.16% | -0.18% |
| Kotak Mahindra Bank Ltd. | 2.06% | 1.90% | -0.16% |
| company:6885 | 0.00% | 0.16% | +0.16% |
| PNB Housing Finance Ltd. | 1.88% | 1.73% | -0.15% |
| Sundaram Finance Ltd. | 1.88% | 1.74% | -0.14% |
| National Bank For Agriculture & Rural Development | 1.72% | 1.59% | -0.13% |
| Gujarat State | 0.28% | 0.16% | -0.12% |
| Muthoot Finance Ltd. | 1.53% | 1.42% | -0.11% |
| ICICI Bank Ltd. | 1.37% | 1.27% | -0.10% |
| ICICI Securities Ltd. | 1.36% | 1.26% | -0.10% |
| National Bank For Financing Infrastructure And Development | 1.36% | 1.26% | -0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 1.20% | 1.11% | -0.09% |
| Jio Credit Ltd. | 1.19% | 1.10% | -0.09% |
| Kotak Mahindra Securities Ltd. | 1.19% | 1.10% | -0.09% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 1.02% | 0.94% | -0.08% |
| The Federal Bank Ltd. | 0.69% | 0.63% | -0.06% |
| Indian Bank | 0.67% | 0.62% | -0.05% |
| LIC Housing Finance Ltd. | 0.68% | 0.63% | -0.05% |
| L&T Finance Ltd. | 0.51% | 0.47% | -0.04% |
| Punjab National Bank | 0.52% | 0.48% | -0.04% |
| Others | 0.28% | 0.26% | -0.02% |
| Union Bank of India | 0.34% | 0.32% | -0.02% |
| Uttar Pradesh State | 0.11% | 0.13% | +0.02% |
| Madhya Pradesh State | 0.18% | 0.16% | -0.02% |
| Rajasthan State | 0.04% | 0.03% | -0.01% |
| Karnataka State | 0.11% | 0.10% | -0.01% |
| Bajaj Finance Ltd. | 0.10% | 0.10% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,840 Cr | 0.33% | 6.8% | 7.1% | 7.1% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.8% | 7.1% | 7.1% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.8% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.8% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
Fund managers
- Brijesh ShahMr. Shah is a Post Graduate Diploma in Finance.Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
- Gautam KaulMr. Kaul is a B.Com (H) and MBA (Finance).Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.60% absolute | ₹60,000 | ₹62,160 | 3.60% | |
| 1 year6.38% annualised | ₹1,20,000 | ₹1,24,229 | 3.52% | |
| 3 years6.98% annualised | ₹3,60,000 | ₹4,01,503 | 11.53% | |
| 5 years6.13% annualised | ₹6,00,000 | ₹7,03,612 | 17.27% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Bandhan Money Market Fund?
The NAV of Bandhan Money Market Fund is ₹43.58 as on 24 Sep 2026.
What is the expense ratio of Bandhan Money Market Fund?
The expense ratio of Bandhan Money Market Fund is 0.35% per year.
What is the minimum SIP amount for Bandhan Money Market Fund?
You can start a SIP in Bandhan Money Market Fund with ₹3,000 a month.
What returns has Bandhan Money Market Fund given?
Bandhan Money Market Fund has returned 6.7% over 1 year, 6.9% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Bandhan Money Market Fund?
Lock-in: None. Exit load: 0%.
How risky is Bandhan Money Market Fund?
Bandhan Money Market Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages Bandhan Money Market Fund?
Bandhan Money Market Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,06,009 Cr under management.