DSP Money Market Fund
Money MarketLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹57.21+0.07%1 day
- Return since launch
- 6.6%
- 52-week range
- ₹53.85 — ₹57.17
- AUM
- ₹8,252 Cr
DSP Money Market Fund is a Money Market debt fund from DSP Mutual Fund with ₹8,252 Cr under management, launched in 1999. Over three years it has returned 6.7% a year, against 7.0% for its category. The expense ratio is 0.40% and the SEBI riskometer reading is Low to Moderate.
Performance
DSP Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.2% 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 | 6.4% | 0.0 pts | 6.4% | 6.5% |
| 3Y | 6.7% | −0.3 pts | 7.0% | 6.8% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.8% |
| 7Y | 6.3% | −0.1 pts | 6.4% | 6.4% |
| 10Y | 6.2% | −0.1 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 | 6.2% | 0.0 pts | 6.2% | 6.2% |
| 2Y | 6.7% | −0.1 pts | 6.7% | 6.8% |
| 3Y | 6.9% | 0.0 pts | 7.0% | 7.0% |
| 5Y | 6.3% | −0.1 pts | 6.4% | 6.4% |
| 7Y | 5.8% | −0.1 pts | 6.0% | 5.9% |
| 10Y | 6.2% | −0.2 pts | 6.3% | 6.5% |
Since launch (20 Sep 1999): 6.6%
Calendar-year returns
Category average5.7%
3.6%
4.0%
7.2%
7.4%
7.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.5 pts | 7.5% |
| 2024 | 7.4% | −0.3 pts | 7.6% |
| 2023 | 7.2% | −0.2 pts | 7.3% |
| 2022 | 4.0% | −0.8 pts | 4.7% |
| 2021 | 3.6% | −0.1 pts | 3.8% |
| 2020 | 5.7% | −0.4 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
0.40%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.34%
- 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
- CRISIL Money Market A-I Index
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 | 1.96 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.62 | 3.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.57 | 0.56 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Money Market Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt100.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Panatone Finvest Ltd | Financial | 2.73% | ₹220 Cr | +3.35% | +3.16% | — |
| Tata Projects Ltd. | Construction | 1.81% | ₹146 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.50% | ₹122 Cr | +2.66% | +2.10% | +0.70% |
| Kotak Mahindra Prime Ltd. | Financial | 1.47% | ₹119 Cr | — | — | +0.70% |
| Bajaj Housing Finance Ltd. | Financial | 1.21% | ₹97.32 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 1.21% | ₹97.81 Cr | +1.34% | +1.05% | +0.35% |
| LIC Housing Finance Ltd. | Financial | 1.21% | ₹97.55 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 1.20% | ₹97.18 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.20% | ₹97.19 Cr | +1.33% | +1.10% | +1.39% |
| ICICI Securities Ltd. | Financial | 1.20% | ₹96.48 Cr | +0.34% | +0.27% | +0.70% |
| Kotak Mahindra Securities Ltd. | Financial | 1.20% | ₹97.13 Cr | +1.33% | +1.04% | +0.72% |
| Muthoot Fincorp Ltd. | Financial | 1.20% | ₹96.62 Cr | +1.32% | +1.03% | — |
| Tata Capital Ltd. | Financial | 1.20% | ₹97.00 Cr | — | — | — |
| Canara Bank | Financial | 1.18% | ₹94.91 Cr | +0.67% | +1.31% | +2.13% |
| Indian Bank | Financial | 1.18% | ₹95.00 Cr | +0.34% | +0.54% | +0.70% |
| Infina Finance Pvt. Ltd. | Financial | 1.15% | ₹93.15 Cr | — | — | — |
| Karnataka State | Others | 1.06% | ₹85.96 Cr | +1.23% | +0.97% | — |
| Maharashtra State | Others | 0.94% | ₹75.80 Cr | +0.35% | +0.29% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.91% | ₹73.13 Cr | +1.34% | +1.05% | +0.35% |
| Tata Communications Ltd. | Communication | 0.91% | ₹73.06 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.90% | ₹72.84 Cr | +2.03% | +0.80% | +1.05% |
| Piramal Finance Ltd. | Financial | 0.90% | ₹72.82 Cr | — | — | — |
| Tamilnadu State | Others | 0.63% | ₹50.65 Cr | +0.72% | +0.57% | — |
| Export-Import Bank Of India | Financial | 0.61% | ₹48.92 Cr | — | +1.05% | +1.40% |
| Indusind Bank Ltd. | Financial | 0.61% | ₹48.89 Cr | +2.01% | +1.58% | — |
| National Bank For Agriculture & Rural Development | Financial | 0.61% | ₹48.91 Cr | +0.67% | +0.53% | +1.42% |
| Tata Housing Devp. Co. Ltd | Construction | 0.61% | ₹48.98 Cr | +0.67% | +0.53% | — |
| Axis Bank Ltd. | Financial | 0.60% | ₹48.67 Cr | +0.67% | +0.27% | +2.81% |
| Axis Securities Ltd. | Others | 0.60% | ₹48.58 Cr | +0.67% | +0.52% | +1.42% |
| HDFC Bank Ltd. | Financial | 0.60% | ₹48.76 Cr | +0.33% | +1.31% | +1.07% |
| ICICI Bank Ltd. | Financial | 0.60% | ₹48.47 Cr | — | +1.06% | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.60% | ₹48.80 Cr | +1.68% | +0.26% | +2.06% |
| Nuvama Wealth Finance Ltd. | Financial | 0.60% | ₹48.67 Cr | +0.66% | +0.52% | — |
| Punjab National Bank | Financial | 0.60% | ₹48.47 Cr | +0.34% | +3.14% | +2.84% |
| Sundaram Finance Ltd. | Financial | 0.59% | ₹47.91 Cr | +0.66% | — | — |
| Gujarat State | Construction | 0.55% | ₹44.14 Cr | +1.02% | +0.80% | — |
| GOI | Sovereign | 0.32% | ₹25.46 Cr | +0.36% | +1.43% | +4.47% |
| Cholamandalam Securities Ltd. | Financial | 0.31% | ₹24.72 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.30% | ₹24.43 Cr | +0.34% | +0.53% | +1.39% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 0.30% | ₹24.33 Cr | — | — | — |
| National Bank For Financing Infrastructure And Development | Financial | 0.30% | ₹24.30 Cr | +0.33% | +1.05% | — |
| Bajaj Finance Ltd. | Financial | 0.29% | ₹23.77 Cr | +0.68% | — | — |
| Union Bank of India | Financial | 0.29% | ₹23.79 Cr | +0.99% | +1.32% | +1.44% |
| Reserve Bank of India | Financial | 0.24% | ₹19.65 Cr | +0.27% | +1.87% | +0.72% |
| Others | Others | -2.95% | ₹-242.28 Cr | +1.02% | +0.81% | +0.60% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Tata Capital Ltd. | 0.00% | 1.20% | +1.20% |
| Infina Finance Pvt. Ltd. | 0.00% | 1.15% | +1.15% |
| company:3988 | 0.89% | 0.00% | -0.89% |
| Cholamandalam Investment and Finance Company Ltd. | 1.10% | 0.30% | -0.80% |
| Panatone Finvest Ltd | 1.99% | 2.73% | +0.74% |
| Kotak Mahindra Bank Ltd. | 1.33% | 0.60% | -0.73% |
| Maharashtra State | 0.23% | 0.94% | +0.71% |
| Tata Projects Ltd. | 1.32% | 1.81% | +0.49% |
| Motilal Oswal Financial Services Ltd. | 0.44% | 0.91% | +0.47% |
| company:17660 | 0.45% | 0.00% | -0.45% |
| company:19339 | 0.45% | 0.00% | -0.45% |
| company:8257 | 0.45% | 0.00% | -0.45% |
| company:14725 | 0.44% | 0.00% | -0.44% |
| Bajaj Housing Finance Ltd. | 0.88% | 1.21% | +0.33% |
| ICICI Securities Ltd. | 0.87% | 1.20% | +0.33% |
| IDFC First Bank Ltd. | 0.88% | 1.21% | +0.33% |
| LIC Housing Finance Ltd. | 0.88% | 1.21% | +0.33% |
| Muthoot Fincorp Ltd. | 0.87% | 1.20% | +0.33% |
| Bajaj Auto Ltd. | 0.88% | 1.20% | +0.32% |
| Canara Bank | 0.86% | 1.18% | +0.32% |
| Equitas Small Finance Bank Ltd. | 0.88% | 1.20% | +0.32% |
| Kotak Mahindra Securities Ltd. | 0.88% | 1.20% | +0.32% |
| Small Industries Devp. Bank of India Ltd. | 0.88% | 1.20% | +0.32% |
| Karnataka State | 0.81% | 1.06% | +0.25% |
| Tata Communications Ltd. | 0.66% | 0.91% | +0.25% |
| Piramal Finance Ltd. | 0.66% | 0.90% | +0.24% |
| Kotak Mahindra Prime Ltd. | 1.29% | 1.47% | +0.18% |
| Indusind Bank Ltd. | 0.44% | 0.61% | +0.17% |
| National Bank For Agriculture & Rural Development | 0.44% | 0.61% | +0.17% |
| Tata Housing Devp. Co. Ltd | 0.44% | 0.61% | +0.17% |
| Axis Bank Ltd. | 0.44% | 0.60% | +0.16% |
| Axis Securities Ltd. | 0.44% | 0.60% | +0.16% |
| ICICI Bank Ltd. | 0.44% | 0.60% | +0.16% |
| Nuvama Wealth Finance Ltd. | 0.44% | 0.60% | +0.16% |
| Punjab National Bank | 0.44% | 0.60% | +0.16% |
| Sundaram Finance Ltd. | 0.43% | 0.59% | +0.16% |
| Gujarat State | 0.40% | 0.55% | +0.15% |
| Tamilnadu State | 0.48% | 0.63% | +0.15% |
| Indian Bank | 1.29% | 1.18% | -0.11% |
| Cholamandalam Securities Ltd. | 0.22% | 0.31% | +0.09% |
| GOI | 0.23% | 0.32% | +0.09% |
| LIC Housing Finance Ltd. GDR/GDS | 0.22% | 0.30% | +0.08% |
| National Bank For Financing Infrastructure And Development | 0.22% | 0.30% | +0.08% |
| Others | 0.22% | 0.30% | +0.08% |
| Bajaj Finance Ltd. | 0.22% | 0.29% | +0.07% |
| Union Bank of India | 0.22% | 0.29% | +0.07% |
| HDFC Bank Ltd. | 0.66% | 0.60% | -0.06% |
| Reserve Bank of India | 0.18% | 0.24% | +0.06% |
| Export-Import Bank Of India | 0.66% | 0.61% | -0.05% |
| Bank Of Baroda | 0.89% | 0.90% | +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 seeks to generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.
Fund managers
- Karan MundhraMr. Mundra is a B. COM. and Charted Accountant (CA)He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
- Shalini VasantaMr. Vasanta has done BA and MBA (Finance)Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
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 months3.27% absolute | ₹60,000 | ₹61,962 | 3.27% | |
| 1 year6.20% annualised | ₹1,20,000 | ₹1,24,107 | 3.42% | |
| 3 years6.92% annualised | ₹3,60,000 | ₹4,01,121 | 11.42% | |
| 5 years6.28% annualised | ₹6,00,000 | ₹7,06,422 | 17.74% |
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 DSP Money Market Fund?
The NAV of DSP Money Market Fund is ₹57.21 as on 9 Nov 2026.
What is the expense ratio of DSP Money Market Fund?
The expense ratio of DSP Money Market Fund is 0.40% per year.
What is the minimum SIP amount for DSP Money Market Fund?
You can start a SIP in DSP Money Market Fund with ₹3,000 a month.
What returns has DSP Money Market Fund given?
DSP Money Market Fund has returned 6.3% over 1 year, 6.7% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on DSP Money Market Fund?
Lock-in: None. Exit load: 0%.
How risky is DSP Money Market Fund?
DSP Money Market Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages DSP Money Market Fund?
DSP Money Market Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.