Bandhan Money Market Fund
Money MarketLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹43.86+0.07%1 day
- Return since launch
- 6.4%
- 52-week range
- ₹41.26 — ₹43.83
- AUM
- ₹13,597 Cr
Bandhan Money Market Fund is a Money Market debt fund from Bandhan Mutual Fund with ₹13,597 Cr under management, launched in 2003. Over three years it has returned 6.8% a year, against 7.0% for its category. The expense ratio is 0.36% 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 +6.3% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.3% | +0.2 pts | 6.2% | 6.3% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.5% |
| 3Y | 6.8% | −0.2 pts | 7.0% | 6.8% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.8% |
| 7Y | 6.2% | −0.2 pts | 6.4% | 6.4% |
| 10Y | 6.0% | −0.4 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.3% | 0.0 pts | 3.3% | 3.3% |
| 1Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 2Y | 6.8% | +0.1 pts | 6.7% | 6.8% |
| 3Y | 6.9% | 0.0 pts | 7.0% | 7.0% |
| 5Y | 6.2% | −0.2 pts | 6.4% | 6.4% |
| 7Y | 5.6% | −0.4 pts | 6.0% | 5.9% |
| 10Y | 5.8% | −0.5 pts | 6.3% | 6.5% |
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
0.36%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.30%
- Brokerage
- 0.01%
- 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 | 2.16 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.49 | 3.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.53 | 0.56 | 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 30 Sep 2026
Asset allocation
- Debt90.4%
- Other9.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 3.52% | ₹462 Cr | +3.47% | +0.36% | +3.19% |
| Punjab National Bank | Financial | 2.59% | ₹340 Cr | +0.67% | +1.77% | +0.99% |
| Others | Others | 2.57% | ₹341 Cr | +1.00% | +1.04% | +1.00% |
| ICICI Bank Ltd. | Financial | 2.35% | ₹308 Cr | +1.33% | +1.40% | — |
| Kotak Mahindra Bank Ltd. | Financial | 2.24% | ₹294 Cr | +2.00% | +2.11% | +1.00% |
| National Bank For Financing Infrastructure And Development | Financial | 2.22% | ₹292 Cr | +1.32% | +1.39% | — |
| PNB Housing Finance Ltd. | Financial | 2.04% | ₹267 Cr | +1.82% | — | — |
| Reserve Bank of India | Financial | 1.89% | ₹248 Cr | +6.00% | +0.19% | +0.40% |
| Canara Bank | Financial | 1.86% | ₹245 Cr | +1.32% | +0.70% | +0.08% |
| National Bank For Agriculture & Rural Development | Financial | 1.86% | ₹245 Cr | +1.66% | +1.76% | +0.56% |
| Axis Bank Ltd. | Financial | 1.79% | ₹236 Cr | +1.01% | +1.07% | +1.96% |
| Muthoot Finance Ltd. | Financial | 1.67% | ₹219 Cr | +1.49% | +1.57% | +0.40% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.65% | ₹216 Cr | +5.28% | +5.58% | +1.58% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.30% | ₹171 Cr | +1.16% | +1.22% | +1.59% |
| Indian Bank | Financial | 1.30% | ₹171 Cr | +2.32% | +0.70% | +0.40% |
| Jio Credit Ltd. | Financial | 1.29% | ₹169 Cr | +1.15% | +1.21% | — |
| Kotak Mahindra Securities Ltd. | Financial | 1.29% | ₹170 Cr | +1.15% | +1.04% | +0.80% |
| ICICI Securities Ltd. | Financial | 0.92% | ₹121 Cr | +1.32% | +1.39% | +1.39% |
| Bihar State | Others | 0.84% | ₹110 Cr | +0.14% | +0.11% | +0.21% |
| Bajaj Auto Ltd. | Automobile | 0.74% | ₹97.18 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.74% | ₹97.57 Cr | +0.66% | — | — |
| Export-Import Bank Of India | Financial | 0.74% | ₹97.03 Cr | — | +0.04% | +0.40% |
| LIC Housing Finance Ltd. | Financial | 0.74% | ₹97.00 Cr | +0.66% | +0.87% | +0.80% |
| The Federal Bank Ltd. | Financial | 0.74% | ₹97.80 Cr | +0.66% | +0.70% | +0.79% |
| Union Bank of India | Financial | 0.56% | ₹73.04 Cr | +0.33% | +3.48% | +0.80% |
| Haryana State | Others | 0.50% | ₹65.32 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 0.37% | ₹48.49 Cr | — | — | — |
| Reliance Jio Infocomm Ltd. | Communication | 0.37% | ₹48.56 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.36% | ₹47.79 Cr | +1.99% | — | — |
| GOI | Sovereign | 0.30% | ₹40.10 Cr | +0.06% | +0.08% | +3.44% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 0.26% | ₹34.07 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.19% | ₹24.48 Cr | +0.50% | +1.42% | +0.78% |
| Gujarat State | Construction | 0.19% | ₹25.13 Cr | +0.28% | +0.30% | — |
| Kerala State | Others | 0.19% | ₹25.07 Cr | — | — | — |
| Madhya Pradesh State | Others | 0.19% | ₹25.12 Cr | +0.17% | — | — |
| Tata Capital Ltd. | Financial | 0.18% | ₹24.23 Cr | — | — | +1.19% |
| Uttar Pradesh State | Others | 0.15% | ₹20.15 Cr | +0.11% | — | — |
| Karnataka State | Others | 0.12% | ₹15.12 Cr | +0.11% | +0.19% | — |
| Rajasthan State | Others | 0.04% | ₹5.03 Cr | +0.03% | +0.19% | +0.21% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Punjab National Bank | 0.48% | 2.59% | +2.11% |
| Axis Bank Ltd. | 0.08% | 1.79% | +1.71% |
| company:4789 | 1.42% | 0.00% | -1.42% |
| Sundaram Finance Ltd. | 1.74% | 0.36% | -1.38% |
| ICICI Bank Ltd. | 1.27% | 2.35% | +1.08% |
| National Bank For Financing Infrastructure And Development | 1.26% | 2.22% | +0.96% |
| Reserve Bank of India | 2.83% | 1.89% | -0.94% |
| company:19901 | 0.94% | 0.00% | -0.94% |
| Indian Bank | 0.62% | 1.30% | +0.68% |
| Bajaj Finance Ltd. | 0.10% | 0.74% | +0.64% |
| Canara Bank | 1.23% | 1.86% | +0.63% |
| company:12429 | 0.47% | 0.00% | -0.47% |
| Bajaj Housing Finance Ltd. | 0.00% | 0.37% | +0.37% |
| Reliance Jio Infocomm Ltd. | 0.00% | 0.37% | +0.37% |
| Kotak Mahindra Bank Ltd. | 1.90% | 2.24% | +0.34% |
| ICICI Securities Ltd. | 1.26% | 0.92% | -0.34% |
| PNB Housing Finance Ltd. | 1.73% | 2.04% | +0.31% |
| National Bank For Agriculture & Rural Development | 1.59% | 1.86% | +0.27% |
| Export-Import Bank Of India | 0.48% | 0.74% | +0.26% |
| LIC Housing Finance Ltd. GDR/GDS | 0.00% | 0.26% | +0.26% |
| Muthoot Finance Ltd. | 1.42% | 1.67% | +0.25% |
| Union Bank of India | 0.32% | 0.56% | +0.24% |
| HDFC Bank Ltd. | 3.31% | 3.52% | +0.21% |
| Cholamandalam Investment and Finance Company Ltd. | 1.11% | 1.30% | +0.19% |
| Jio Credit Ltd. | 1.10% | 1.29% | +0.19% |
| Kotak Mahindra Securities Ltd. | 1.10% | 1.29% | +0.19% |
| Tata Capital Ltd. | 0.00% | 0.18% | +0.18% |
| Small Industries Devp. Bank of India Ltd. | 0.93% | 1.09% | +0.16% |
| Bihar State | 0.72% | 0.84% | +0.12% |
| Bajaj Auto Ltd. | 0.63% | 0.74% | +0.11% |
| LIC Housing Finance Ltd. | 0.63% | 0.74% | +0.11% |
| The Federal Bank Ltd. | 0.63% | 0.74% | +0.11% |
| Haryana State | 0.43% | 0.50% | +0.07% |
| Others | 0.26% | 0.31% | +0.05% |
| Bank Of Baroda | 0.16% | 0.19% | +0.03% |
| Gujarat State | 0.16% | 0.19% | +0.03% |
| Kerala State | 0.16% | 0.19% | +0.03% |
| Madhya Pradesh State | 0.16% | 0.19% | +0.03% |
| Karnataka State | 0.10% | 0.12% | +0.02% |
| Uttar Pradesh State | 0.13% | 0.15% | +0.02% |
| Rajasthan State | 0.03% | 0.04% | +0.01% |
| GOI | 0.10% | 0.11% | +0.01% |
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 | ₹13,857 Cr | 0.34% | 6.5% | 6.8% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹25,875 Cr | 0.37% | 6.5% | 6.9% | 7.0% |
 Axis Money Market Fund | ₹19,507 Cr | 0.36% | 6.5% | 6.9% | 7.0% |
 UTI Money Market Fund | ₹16,039 Cr | 0.29% | 6.5% | 6.9% | 7.0% |
 LIC MF Money Market Fund | ₹3,979 Cr | 0.38% | 6.4% | 6.4% | — |
 Franklin India Money Market Fund | ₹3,887 Cr | 0.30% | 6.5% | 6.9% | 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 months3.26% absolute | ₹60,000 | ₹61,956 | 3.26% | |
| 1 year6.26% annualised | ₹1,20,000 | ₹1,24,148 | 3.46% | |
| 3 years6.94% annualised | ₹3,60,000 | ₹4,01,249 | 11.46% | |
| 5 years6.20% annualised | ₹6,00,000 | ₹7,04,922 | 17.49% |
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 ₹43.86 as on 9 Nov 2026.
What is the expense ratio of Bandhan Money Market Fund?
The expense ratio of Bandhan Money Market Fund is 0.36% 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 6.3% over 1 year, 6.8% 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 ₹2,19,896 Cr under management.