SBI Money Market Fund
Money MarketLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹44.620.00%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹42.09 — ₹44.62
- AUM
- ₹32,208 Cr
SBI Money Market Fund is a Money Market debt fund from SBI Mutual Fund with ₹32,208 Cr under management, launched in 2004. Over three years it has returned 6.6% a year, against 7.0% for its category. The expense ratio is 0.63% and the SEBI riskometer reading is Low to Moderate.
Performance
SBI Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.0% 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 | 6.3% | +0.1 pts | 6.3% | 6.7% |
| 2Y | 6.4% | −0.2 pts | 6.7% | 6.7% |
| 3Y | 6.6% | −0.4 pts | 7.0% | 6.9% |
| 5Y | 6.6% | +0.3 pts | 6.3% | 6.9% |
| 7Y | 6.2% | −0.2 pts | 6.4% | 6.4% |
| 10Y | 6.1% | −0.2 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | −0.1 pts | 1.7% | 1.6% |
| 6M | 3.4% | −0.2 pts | 3.6% | 3.6% |
| 1Y | 6.0% | −0.3 pts | 6.3% | 6.3% |
| 2Y | 6.7% | −0.2 pts | 6.9% | 7.0% |
| 3Y | 6.8% | −0.2 pts | 7.0% | 7.1% |
| 5Y | 6.2% | −0.2 pts | 6.3% | 6.4% |
| 7Y | 5.8% | −0.2 pts | 6.0% | 5.9% |
| 10Y | 6.2% | −0.2 pts | 6.4% | 6.6% |
Since launch (5 Jul 2004): 7.0%
Calendar-year returns
Category average5.7%
3.3%
4.3%
6.9%
7.2%
7.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | −0.4 pts | 7.5% |
| 2024 | 7.2% | −0.4 pts | 7.6% |
| 2023 | 6.9% | −0.4 pts | 7.3% |
| 2022 | 4.3% | −0.4 pts | 4.7% |
| 2021 | 3.3% | −0.4 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
0.63%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.54%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.09%
- Exit load
- Exit load of 0.10% if redeemed within 3 days
- 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 | 1.79 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.59 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.53 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.4%
- Other5.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.93% | ₹1,911 Cr | +0.84% | +0.81% | +0.72% |
| ICICI Bank Ltd. | Financial | 4.49% | ₹1,447 Cr | +0.55% | +1.20% | — |
| National Bank For Financing Infrastructure And Development | Financial | 4.35% | ₹1,401 Cr | +3.99% | — | — |
| LIC Housing Finance Ltd. | Financial | 4.07% | ₹1,310 Cr | +4.14% | +2.82% | +2.52% |
| Jio Credit Ltd. | Financial | 2.99% | ₹962 Cr | +2.73% | — | — |
| Union Bank of India | Financial | 2.95% | ₹950 Cr | +0.36% | +0.41% | +0.51% |
| IDBI Bank Ltd. | Financial | 1.80% | ₹579 Cr | +1.64% | +1.39% | +1.77% |
| company:14906 | Financial | 1.51% | ₹487 Cr | — | — | — |
| Indian Bank | Financial | 1.51% | ₹486 Cr | +1.38% | +0.28% | +0.86% |
| Kotak Mahindra Bank Ltd. | Financial | 1.50% | ₹483 Cr | +2.75% | — | +1.33% |
| Canara Bank | Financial | 1.50% | ₹483 Cr | +4.12% | +0.69% | +0.32% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.50% | ₹482 Cr | +1.37% | +0.15% | +0.31% |
| L&T Finance Ltd. | Financial | 1.49% | ₹481 Cr | +1.37% | — | — |
| Muthoot Fincorp Ltd. | Financial | 1.06% | ₹342 Cr | +0.57% | +1.11% | +0.98% |
| Muthoot Finance Ltd. | Financial | 1.05% | ₹337 Cr | +0.96% | +0.79% | +0.44% |
| Uttar Pradesh State | Others | 1.02% | ₹328 Cr | — | — | +0.21% |
| Avanse Financial Services Ltd. | Financial | 0.93% | ₹300 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.91% | ₹292 Cr | +0.83% | — | +0.74% |
| National Bank For Agriculture & Rural Development | Financial | 0.91% | ₹292 Cr | +1.92% | +0.42% | +0.38% |
| Axis Bank Ltd. | Financial | 0.90% | ₹290 Cr | — | +0.21% | +1.53% |
| Indian Overseas Bank | Financial | 0.90% | ₹290 Cr | +0.82% | +0.79% | — |
| Reserve Bank of India | Financial | 0.77% | ₹249 Cr | +2.09% | +1.96% | +1.23% |
| Equitas Small Finance Bank Ltd. | Financial | 0.76% | ₹245 Cr | — | +0.42% | +0.51% |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.75% | ₹241 Cr | — | +1.39% | +1.24% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.75% | ₹241 Cr | +0.68% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.68% | ₹220 Cr | — | — | — |
| Hero FinCorp Ltd. | Financial | 0.61% | ₹196 Cr | — | — | — |
| Toyota Financial Services Ltd. | Financial | 0.60% | ₹193 Cr | — | — | — |
| ICICI Securities Ltd. | Financial | 0.60% | ₹192 Cr | — | +0.56% | +0.51% |
| SMFG India Credit Company Ltd. | Financial | 0.54% | ₹174 Cr | +0.57% | +0.54% | +1.25% |
| company:12212 | Financial | 0.46% | ₹147 Cr | — | — | +0.63% |
| Tata Capital Ltd. | Financial | 0.45% | ₹144 Cr | — | — | +0.62% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.45% | ₹144 Cr | +0.41% | — | +0.78% |
| Godrej Housing Finance Ltd. | Financial | 0.45% | ₹144 Cr | +0.41% | — | — |
| HDFC Bank Ltd. | Financial | 0.38% | ₹121 Cr | +1.10% | +1.97% | +0.12% |
| Mindspace Business Parks REIT | Construction | 0.31% | ₹99.75 Cr | +1.00% | +0.79% | +0.70% |
| DSP Finance Pvt Ltd. | Financial | 0.31% | ₹98.84 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.31% | ₹98.54 Cr | +0.33% | +2.66% | +1.24% |
| Punjab National Bank | Financial | 0.30% | ₹98.16 Cr | +0.55% | +3.38% | +3.02% |
| company:2595 | Consumer Staples | 0.23% | ₹74.69 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.23% | ₹72.82 Cr | +1.24% | +1.40% | +1.26% |
| Jharkhand State | Others | 0.20% | ₹64.96 Cr | — | — | — |
| Gujarat State | Construction | 0.16% | ₹50.03 Cr | +0.15% | +0.34% | +0.17% |
| Telangana State | Financial | 0.14% | ₹45.47 Cr | — | +0.09% | +0.07% |
| Himachal Pradesh State | Others | 0.13% | ₹42.87 Cr | — | — | — |
| Assam State | Others | 0.12% | ₹38.97 Cr | — | — | +0.26% |
| Andhra Pradesh State | Financial | 0.08% | ₹26.24 Cr | — | — | +0.07% |
| West Bengal State | Others | 0.08% | ₹25.97 Cr | — | — | — |
| company:18271 | Financial | -3.10% | ₹-1,000.00 Cr | -4.37% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | 0.57% | 4.49% | +3.92% |
| company:18271 | 0.00% | -3.10% | -3.10% |
| Union Bank of India | 1.06% | 2.95% | +1.89% |
| National Bank For Agriculture & Rural Development | 2.42% | 0.91% | -1.51% |
| company:14906 | 0.00% | 1.51% | +1.51% |
| GOI | 1.49% | 0.00% | -1.49% |
| Canara Bank | 0.14% | 1.50% | +1.36% |
| Kotak Mahindra Bank Ltd. | 2.83% | 1.50% | -1.33% |
| HDFC Bank Ltd. | 1.14% | 0.38% | -0.76% |
| Adani Ports and Special Economic Zone Ltd. | 0.74% | 0.00% | -0.74% |
| Punjab National Bank | 0.99% | 0.30% | -0.69% |
| Cholamandalam Investment and Finance Company Ltd. | 0.88% | 1.50% | +0.62% |
| Aditya Birla Capital Ltd. | 0.57% | 0.00% | -0.57% |
| Small Industries Devp. Bank of India Ltd. | 0.64% | 0.08% | -0.56% |
| Hero FinCorp Ltd. | 1.14% | 0.61% | -0.53% |
| Axis Bank Ltd. | 1.42% | 0.90% | -0.52% |
| company:12212 | 0.00% | 0.46% | +0.46% |
| National Bank For Financing Infrastructure And Development | 4.11% | 4.35% | +0.24% |
| company:2595 | 0.00% | 0.23% | +0.23% |
| LIC Housing Finance Ltd. | 4.27% | 4.07% | -0.20% |
| Jio Credit Ltd. | 2.82% | 2.99% | +0.17% |
| Kerala State | 0.15% | 0.00% | -0.15% |
| IDBI Bank Ltd. | 1.70% | 1.80% | +0.10% |
| L&T Finance Ltd. | 1.41% | 1.49% | +0.08% |
| Indian Bank | 1.43% | 1.51% | +0.08% |
| Madhya Pradesh State | 0.07% | 0.00% | -0.07% |
| Muthoot Fincorp Ltd. | 1.00% | 1.06% | +0.06% |
| Sundaram Finance Ltd. | 0.85% | 0.91% | +0.06% |
| Muthoot Finance Ltd. | 0.99% | 1.05% | +0.06% |
| Avanse Financial Services Ltd. | 0.88% | 0.93% | +0.05% |
| Indian Overseas Bank | 0.85% | 0.90% | +0.05% |
| Uttar Pradesh State | 0.97% | 1.02% | +0.05% |
| Reserve Bank of India | 0.73% | 0.77% | +0.04% |
| Equitas Small Finance Bank Ltd. | 0.72% | 0.76% | +0.04% |
| The Jammu & Kashmir Bank Ltd. | 0.71% | 0.75% | +0.04% |
| SMFG India Credit Company Ltd. | 0.58% | 0.54% | -0.04% |
| Toyota Financial Services Ltd. | 0.56% | 0.60% | +0.04% |
| Pilani Investment And Industries Corporation Ltd. | 0.71% | 0.75% | +0.04% |
| ICICI Securities Ltd. | 0.56% | 0.60% | +0.04% |
| Torrent Pharmaceuticals Ltd. | 0.65% | 0.68% | +0.03% |
| Tata Capital Ltd. | 0.42% | 0.45% | +0.03% |
| Motilal Oswal Financial Services Ltd. | 0.42% | 0.45% | +0.03% |
| Godrej Housing Finance Ltd. | 0.42% | 0.45% | +0.03% |
| Mindspace Business Parks REIT | 0.29% | 0.31% | +0.02% |
| DSP Finance Pvt Ltd. | 0.29% | 0.31% | +0.02% |
| Bank Of Baroda | 0.29% | 0.31% | +0.02% |
| Others | 0.29% | 0.30% | +0.01% |
| Jharkhand State | 0.19% | 0.20% | +0.01% |
| Telangana State | 0.13% | 0.14% | +0.01% |
| Gujarat State | 0.15% | 0.16% | +0.01% |
| Himachal Pradesh State | 0.13% | 0.13% | 0.00% |
| Andhra Pradesh State | 0.08% | 0.08% | 0.00% |
| Assam State | 0.12% | 0.12% | 0.00% |
| West Bengal State | 0.08% | 0.08% | 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 seeks to provide the investors an opportunity to invest in money market instruments.
Fund managers
- Rajeev RadhakrishnanMr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
- Sankalp Anil JainCA, CFAMr. Sankalp Anil Jain joined SBIFML on September 14, 2016. He has an overall 9 years of experience in the area of fundamental credit research.
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 months3.42% absolute | ₹60,000 | ₹62,052 | 3.42% | |
| 1 year6.00% annualised | ₹1,20,000 | ₹1,23,972 | 3.31% | |
| 3 years6.83% annualised | ₹3,60,000 | ₹4,00,550 | 11.26% | |
| 5 years6.15% annualised | ₹6,00,000 | ₹7,03,986 | 17.33% |
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 SBI Money Market Fund?
The NAV of SBI Money Market Fund is ₹44.62 as on 24 Sep 2026.
What is the expense ratio of SBI Money Market Fund?
The expense ratio of SBI Money Market Fund is 0.63% per year.
What is the minimum SIP amount for SBI Money Market Fund?
You can start a SIP in SBI Money Market Fund with ₹3,000 a month.
What returns has SBI Money Market Fund given?
SBI Money Market Fund has returned 6.3% over 1 year, 6.6% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on SBI Money Market Fund?
Lock-in: None. Exit load: Exit load of 0.10% if redeemed within 3 days.
How risky is SBI Money Market Fund?
SBI Money Market Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages SBI Money Market Fund?
SBI Money Market Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.