DSP Money Market Fund
Money MarketLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹56.84-0.01%1 day
- Return since launch
- 6.6%
- 52-week range
- ₹53.45 — ₹56.85
- AUM
- ₹10,992 Cr
DSP Money Market Fund is a Money Market debt fund from DSP Mutual Fund with ₹10,992 Cr under management, launched in 1999. Over three years it has returned 6.8% a year, against 7.0% for its category. The expense ratio is 0.42% 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 +6.3% 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% | +0.4 pts | 6.2% | 6.6% |
| 2Y | 6.6% | 0.0 pts | 6.6% | 6.7% |
| 3Y | 6.8% | −0.2 pts | 7.0% | 6.9% |
| 5Y | 6.8% | +0.4 pts | 6.3% | 6.9% |
| 7Y | 6.3% | −0.1 pts | 6.4% | 6.4% |
| 10Y | 6.2% | −0.1 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.6% | +0.1 pts | 3.5% | 3.5% |
| 1Y | 6.3% | +0.1 pts | 6.2% | 6.3% |
| 2Y | 6.8% | −0.1 pts | 6.9% | 7.0% |
| 3Y | 7.0% | 0.0 pts | 7.0% | 7.1% |
| 5Y | 6.2% | −0.1 pts | 6.3% | 6.4% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 5.9% |
| 10Y | 6.2% | −0.2 pts | 6.4% | 6.6% |
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 23 Sep 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 | 2.00 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.69 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.55 | 0.54 | 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 31 Aug 2026
Asset allocation
- Debt99.0%
- Other1.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Panatone Finvest Ltd | Financial | 1.99% | ₹219 Cr | +3.02% | +3.30% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.33% | ₹146 Cr | +1.26% | +0.55% | +0.69% |
| company:13827 | Construction | 1.32% | ₹145 Cr | — | — | — |
| Indian Bank | Financial | 1.29% | ₹142 Cr | +0.25% | +0.56% | +0.85% |
| Kotak Mahindra Prime Ltd. | Financial | 1.29% | ₹142 Cr | — | — | +0.85% |
| Others | Others | 1.26% | ₹134 Cr | +0.75% | +0.84% | +0.72% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.10% | ₹121 Cr | +0.25% | +0.55% | +1.69% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.10% | ₹121 Cr | +2.00% | +2.18% | +0.86% |
| Bank Of Baroda | Financial | 0.89% | ₹97.38 Cr | +1.78% | +0.83% | +1.70% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.89% | ₹97.96 Cr | +1.01% | +1.38% | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.88% | ₹96.58 Cr | +0.99% | +1.14% | — |
| IDFC First Bank Ltd. | Financial | 0.88% | ₹97.26 Cr | +1.00% | +0.29% | +2.56% |
| Kotak Mahindra Securities Ltd. | Financial | 0.88% | ₹96.57 Cr | +1.00% | +1.09% | — |
| company:14899 | Financial | 0.88% | ₹96.79 Cr | — | — | — |
| company:2089 | Financial | 0.88% | ₹97.02 Cr | — | — | — |
| company:9822 | Automobile | 0.88% | ₹96.61 Cr | — | — | — |
| ICICI Securities Ltd. | Financial | 0.87% | ₹95.96 Cr | +0.26% | +0.29% | +0.85% |
| Muthoot Fincorp Ltd. | Financial | 0.87% | ₹96.00 Cr | +0.99% | +1.08% | — |
| Canara Bank | Financial | 0.86% | ₹94.40 Cr | +0.50% | +0.58% | +0.88% |
| Karnataka State | Others | 0.81% | ₹88.95 Cr | +0.92% | +0.31% | — |
| Export-Import Bank Of India | Financial | 0.66% | ₹72.99 Cr | +1.00% | +0.29% | +1.28% |
| HDFC Bank Ltd. | Financial | 0.66% | ₹72.62 Cr | +1.51% | +1.37% | +1.30% |
| Piramal Finance Ltd. | Financial | 0.66% | ₹72.36 Cr | — | — | — |
| company:4206 | Communication | 0.66% | ₹72.67 Cr | — | — | — |
| Tamilnadu State | Others | 0.48% | ₹52.38 Cr | +0.54% | +0.48% | — |
| Mirae Asset Financial Services (India) Pvt Ltd. | Financial | 0.45% | ₹49.61 Cr | — | — | — |
| Nuvama Wealth Management Ltd. | Financial | 0.45% | ₹49.90 Cr | +0.52% | +0.56% | — |
| Nuvama Wealth and Investment Limited | Financial | 0.45% | ₹49.77 Cr | +0.51% | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.44% | ₹48.32 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 0.44% | ₹48.40 Cr | +0.51% | +0.83% | +0.85% |
| Axis Securities Ltd. | Others | 0.44% | ₹48.31 Cr | +0.50% | +0.55% | +1.73% |
| ICICI Bank Ltd. | Financial | 0.44% | ₹48.67 Cr | +0.50% | +1.10% | — |
| Indusind Bank Ltd. | Financial | 0.44% | ₹48.64 Cr | +1.50% | +1.64% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.44% | ₹48.53 Cr | +1.00% | +1.09% | +0.42% |
| National Bank For Agriculture & Rural Development | Financial | 0.44% | ₹48.65 Cr | +0.50% | +1.10% | +2.60% |
| Nuvama Wealth Finance Ltd. | Financial | 0.44% | ₹48.36 Cr | +0.50% | +0.54% | — |
| Punjab National Bank | Financial | 0.44% | ₹48.23 Cr | +0.76% | +0.75% | +0.43% |
| Tata Housing Devp. Co. Ltd | Construction | 0.44% | ₹48.68 Cr | +0.50% | +0.55% | — |
| Sundaram Finance Ltd. | Financial | 0.43% | ₹47.66 Cr | +0.49% | — | +0.87% |
| Gujarat State | Construction | 0.40% | ₹43.99 Cr | +0.76% | +0.84% | — |
| GOI | Sovereign | 0.23% | ₹25.37 Cr | — | +3.29% | +5.44% |
| Maharashtra State | Others | 0.23% | ₹25.65 Cr | +0.27% | +0.30% | — |
| Bajaj Finance Ltd. | Financial | 0.22% | ₹23.66 Cr | +0.77% | — | — |
| National Bank For Financing Infrastructure And Development | Financial | 0.22% | ₹24.16 Cr | +1.00% | — | — |
| Union Bank of India | Financial | 0.22% | ₹24.37 Cr | +1.26% | +1.65% | +0.44% |
| company:18495 | Financial | 0.22% | ₹24.20 Cr | — | — | — |
| company:19234 | Financial | 0.22% | ₹24.54 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.18% | ₹19.58 Cr | +0.20% | +0.58% | +0.87% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:13827 | 0.00% | 1.32% | +1.32% |
| Indusind Bank Ltd. | 1.60% | 0.44% | -1.16% |
| company:14899 | 0.00% | 0.88% | +0.88% |
| company:2089 | 0.00% | 0.88% | +0.88% |
| company:9822 | 0.00% | 0.88% | +0.88% |
| Cholamandalam Investment and Finance Company Ltd. | 0.27% | 1.10% | +0.83% |
| Kotak Mahindra Prime Ltd. | 0.52% | 1.29% | +0.77% |
| Panatone Finvest Ltd | 2.67% | 1.99% | -0.68% |
| company:4206 | 0.00% | 0.66% | +0.66% |
| Motilal Oswal Financial Services Ltd. | 1.06% | 0.44% | -0.62% |
| Small Industries Devp. Bank of India Ltd. | 1.33% | 0.88% | -0.45% |
| Axis Bank Ltd. | 0.80% | 0.44% | -0.36% |
| Kotak Mahindra Bank Ltd. | 1.60% | 1.33% | -0.27% |
| Indian Bank | 1.04% | 1.29% | +0.25% |
| company:18495 | 0.00% | 0.22% | +0.22% |
| company:19234 | 0.00% | 0.22% | +0.22% |
| IDFC First Bank Ltd. | 1.07% | 0.88% | -0.19% |
| Bank Of Baroda | 1.07% | 0.89% | -0.18% |
| Canara Bank | 1.04% | 0.86% | -0.18% |
| Equitas Small Finance Bank Ltd. | 1.06% | 0.88% | -0.18% |
| ICICI Securities Ltd. | 1.05% | 0.87% | -0.18% |
| Kotak Mahindra Securities Ltd. | 1.06% | 0.88% | -0.18% |
| Muthoot Fincorp Ltd. | 1.05% | 0.87% | -0.18% |
| Torrent Pharmaceuticals Ltd. | 1.07% | 0.89% | -0.18% |
| Punjab National Bank | 0.27% | 0.44% | +0.17% |
| Karnataka State | 0.98% | 0.81% | -0.17% |
| Export-Import Bank Of India | 0.80% | 0.66% | -0.14% |
| HDFC Bank Ltd. | 0.80% | 0.66% | -0.14% |
| Piramal Finance Ltd. | 0.79% | 0.66% | -0.13% |
| Nuvama Wealth Management Ltd. | 0.55% | 0.45% | -0.10% |
| Nuvama Wealth and Investment Limited | 0.55% | 0.45% | -0.10% |
| Tamilnadu State | 0.58% | 0.48% | -0.10% |
| Aditya Birla Capital Ltd. | 0.53% | 0.44% | -0.09% |
| Axis Securities Ltd. | 0.53% | 0.44% | -0.09% |
| ICICI Bank Ltd. | 0.53% | 0.44% | -0.09% |
| Mirae Asset Financial Services (India) Pvt Ltd. | 0.54% | 0.45% | -0.09% |
| National Bank For Agriculture & Rural Development | 0.53% | 0.44% | -0.09% |
| Nuvama Wealth Finance Ltd. | 0.53% | 0.44% | -0.09% |
| Sundaram Finance Ltd. | 0.52% | 0.43% | -0.09% |
| Tata Housing Devp. Co. Ltd | 0.53% | 0.44% | -0.09% |
| Gujarat State | 0.48% | 0.40% | -0.08% |
| GOI | 0.29% | 0.23% | -0.06% |
| Bajaj Finance Ltd. | 0.27% | 0.22% | -0.05% |
| Maharashtra State | 0.28% | 0.23% | -0.05% |
| National Bank For Financing Infrastructure And Development | 0.27% | 0.22% | -0.05% |
| Others | 0.27% | 0.22% | -0.05% |
| Union Bank of India | 0.27% | 0.22% | -0.05% |
| Reserve Bank of India | 0.22% | 0.18% | -0.04% |
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% | 6.7% | 7.0% | 7.0% |
 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% | 6.7% | 7.0% | 7.0% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.7% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.7% | 7.0% | 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 months3.57% absolute | ₹60,000 | ₹62,142 | 3.57% | |
| 1 year6.31% annualised | ₹1,20,000 | ₹1,24,182 | 3.48% | |
| 3 years6.98% annualised | ₹3,60,000 | ₹4,01,503 | 11.53% | |
| 5 years6.21% annualised | ₹6,00,000 | ₹7,05,109 | 17.52% |
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 ₹56.84 as on 25 Sep 2026.
What is the expense ratio of DSP Money Market Fund?
The expense ratio of DSP Money Market Fund is 0.42% 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 6.7% over 1 year, 6.8% over 3 years and 6.8% 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 ₹2,33,296 Cr under management.