SBI Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹44.90+0.07%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹42.39 — ₹44.86
- AUM
- ₹25,530 Cr
SBI Money Market Fund is a Money Market debt fund from SBI Mutual Fund with ₹25,530 Cr under management, launched in 2004. Over three years it has returned 6.5% a year, against 7.0% for its category. The expense ratio is 0.63% and the SEBI riskometer reading is 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 +5.8% 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 | 6.0% | −0.2 pts | 6.2% | 6.3% |
| 2Y | 6.2% | −0.3 pts | 6.4% | 6.5% |
| 3Y | 6.5% | −0.5 pts | 7.0% | 6.8% |
| 5Y | 6.6% | +0.2 pts | 6.4% | 6.8% |
| 7Y | 6.2% | −0.2 pts | 6.4% | 6.4% |
| 10Y | 6.1% | −0.2 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.3% | −0.1 pts | 1.4% | 1.4% |
| 6M | 3.1% | −0.1 pts | 3.3% | 3.3% |
| 1Y | 5.9% | −0.3 pts | 6.2% | 6.2% |
| 2Y | 6.5% | −0.2 pts | 6.7% | 6.8% |
| 3Y | 6.8% | −0.2 pts | 7.0% | 7.0% |
| 5Y | 6.2% | −0.2 pts | 6.4% | 6.4% |
| 7Y | 5.8% | −0.2 pts | 6.0% | 5.9% |
| 10Y | 6.2% | −0.2 pts | 6.3% | 6.5% |
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
0.64%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.55%
- 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.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.56 | 3.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.55 | 0.56 | 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 30 Sep 2026
Asset allocation
- Debt99.0%
- Other0.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Financing Infrastructure And Development | Financial | 5.06% | ₹1,409 Cr | +4.20% | +3.89% | — |
| LIC Housing Finance Ltd. | Financial | 4.03% | ₹1,122 Cr | +4.36% | +4.04% | +2.66% |
| Others | Others | 3.71% | ₹1,033 Cr | +1.16% | +1.08% | +1.00% |
| Union Bank of India | Financial | 3.43% | ₹956 Cr | +1.08% | +0.35% | +0.40% |
| Punjab National Bank | Financial | 3.40% | ₹947 Cr | +0.58% | +2.68% | +3.19% |
| Jio Credit Ltd. | Financial | 3.21% | ₹894 Cr | +2.88% | +2.67% | — |
| IDBI Bank Ltd. | Financial | 2.09% | ₹582 Cr | +1.73% | +1.61% | +1.87% |
| HDFC Bank Ltd. | Financial | 1.76% | ₹490 Cr | +1.16% | +1.34% | +0.26% |
| JM Financial Properties & Holdings Ltd. | Financial | 1.76% | ₹490 Cr | — | — | — |
| Indian Bank | Financial | 1.75% | ₹489 Cr | +1.46% | +1.35% | +0.91% |
| Kotak Mahindra Bank Ltd. | Financial | 1.74% | ₹486 Cr | +2.90% | +2.69% | +1.53% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.74% | ₹485 Cr | +1.79% | +0.16% | +0.33% |
| Muthoot Fincorp Ltd. | Financial | 1.24% | ₹344 Cr | +1.02% | +1.13% | +1.04% |
| Muthoot Finance Ltd. | Financial | 1.22% | ₹339 Cr | +1.01% | +0.93% | +0.47% |
| Uttar Pradesh State | Others | 1.18% | ₹328 Cr | +1.00% | — | +0.22% |
| National Bank For Agriculture & Rural Development | Financial | 1.05% | ₹293 Cr | +2.47% | +1.88% | +0.40% |
| Axis Bank Ltd. | Financial | 1.05% | ₹292 Cr | +1.45% | — | +0.66% |
| Indian Overseas Bank | Financial | 1.05% | ₹292 Cr | +0.87% | +0.81% | — |
| Tata Teleservices (Maharashtra) Ltd. | Communication | 1.02% | ₹284 Cr | — | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.91% | ₹253 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.88% | ₹246 Cr | +0.73% | — | +0.54% |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.87% | ₹243 Cr | — | +1.13% | +1.31% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.87% | ₹242 Cr | +0.72% | +0.67% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.80% | ₹222 Cr | — | — | — |
| Avanse Financial Services Ltd. | Financial | 0.71% | ₹197 Cr | +0.90% | — | — |
| Hero FinCorp Ltd. | Financial | 0.71% | ₹197 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.70% | ₹196 Cr | +0.87% | — | +0.78% |
| ICICI Bank Ltd. | Financial | 0.70% | ₹196 Cr | +0.58% | +0.54% | — |
| Reserve Bank of India | Financial | 0.70% | ₹195 Cr | +2.19% | +0.81% | +0.97% |
| Toyota Financial Services Ltd. | Financial | 0.70% | ₹194 Cr | +0.58% | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.53% | ₹148 Cr | — | — | +0.67% |
| Tata Capital Ltd. | Financial | 0.52% | ₹145 Cr | +0.43% | — | +0.65% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.52% | ₹145 Cr | +0.43% | +0.40% | — |
| Godrej Housing Finance Ltd. | Financial | 0.52% | ₹145 Cr | +0.43% | +0.40% | — |
| DSP Finance Pvt Ltd. | Financial | 0.36% | ₹99.43 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.36% | ₹99.07 Cr | +0.30% | +1.22% | +1.31% |
| Canara Bank | Financial | 0.35% | ₹97.05 Cr | +0.15% | +4.02% | +1.33% |
| Bajaj Auto Ltd. | Automobile | 0.26% | ₹72.89 Cr | — | — | — |
| Jharkhand State | Others | 0.23% | ₹64.86 Cr | +0.20% | — | — |
| Gujarat State | Construction | 0.18% | ₹50.01 Cr | +0.15% | +0.34% | +0.18% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.18% | ₹48.90 Cr | +0.65% | +1.34% | +0.66% |
| ICICI Securities Ltd. | Financial | 0.17% | ₹48.28 Cr | +0.57% | — | +0.27% |
| Telangana State | Financial | 0.16% | ₹45.40 Cr | +0.14% | +0.09% | +0.07% |
| Himachal Pradesh State | Others | 0.15% | ₹42.81 Cr | +0.13% | — | — |
| Assam State | Others | 0.14% | ₹38.92 Cr | +0.12% | — | +0.28% |
| Andhra Pradesh State | Financial | 0.09% | ₹26.20 Cr | +0.08% | — | +0.07% |
| West Bengal State | Others | 0.09% | ₹25.93 Cr | +0.08% | — | — |
| Deutsche Bank AG (India) | Financial | -3.59% | ₹-1,000.00 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | 4.49% | 0.70% | -3.79% |
| Punjab National Bank | 0.30% | 3.40% | +3.09% |
| company:12429 | 1.49% | 0.00% | -1.49% |
| HDFC Bank Ltd. | 0.38% | 1.76% | +1.38% |
| Canara Bank | 1.50% | 0.35% | -1.15% |
| Tata Teleservices (Maharashtra) Ltd. | 0.00% | 1.02% | +1.02% |
| Brookfield India Real Estate Trust REIT | 0.00% | 0.91% | +0.91% |
| National Bank For Financing Infrastructure And Development | 4.35% | 5.06% | +0.71% |
| company:8227 | 0.54% | 0.00% | -0.54% |
| Deutsche Bank AG (India) | -3.10% | -3.59% | -0.49% |
| Union Bank of India | 2.95% | 3.43% | +0.48% |
| ICICI Securities Ltd. | 0.60% | 0.17% | -0.42% |
| company:16204 | 0.31% | 0.00% | -0.31% |
| IDBI Bank Ltd. | 1.80% | 2.09% | +0.29% |
| Bajaj Auto Ltd. | 0.00% | 0.26% | +0.26% |
| JM Financial Properties & Holdings Ltd. | 1.51% | 1.76% | +0.25% |
| Indian Bank | 1.51% | 1.75% | +0.25% |
| Cholamandalam Investment and Finance Company Ltd. | 1.50% | 1.74% | +0.24% |
| Kotak Mahindra Bank Ltd. | 1.50% | 1.74% | +0.24% |
| company:2595 | 0.23% | 0.00% | -0.23% |
| Jio Credit Ltd. | 2.99% | 3.21% | +0.22% |
| Avanse Financial Services Ltd. | 0.93% | 0.71% | -0.22% |
| Sundaram Finance Ltd. | 0.91% | 0.70% | -0.20% |
| Muthoot Fincorp Ltd. | 1.06% | 1.24% | +0.17% |
| Muthoot Finance Ltd. | 1.05% | 1.22% | +0.17% |
| Uttar Pradesh State | 1.02% | 1.18% | +0.16% |
| National Bank For Agriculture & Rural Development | 0.91% | 1.05% | +0.15% |
| Indian Overseas Bank | 0.90% | 1.05% | +0.15% |
| Axis Bank Ltd. | 0.90% | 1.05% | +0.15% |
| Equitas Small Finance Bank Ltd. | 0.76% | 0.88% | +0.12% |
| The Jammu & Kashmir Bank Ltd. | 0.75% | 0.87% | +0.12% |
| Pilani Investment And Industries Corporation Ltd. | 0.75% | 0.87% | +0.12% |
| Torrent Pharmaceuticals Ltd. | 0.68% | 0.80% | +0.11% |
| Small Industries Devp. Bank of India Ltd. | 0.08% | 0.18% | +0.10% |
| Hero FinCorp Ltd. | 0.61% | 0.71% | +0.10% |
| Toyota Financial Services Ltd. | 0.60% | 0.70% | +0.10% |
| JM Financial Services Pvt. Ltd. | 0.46% | 0.53% | +0.07% |
| Tata Capital Ltd. | 0.45% | 0.52% | +0.07% |
| Motilal Oswal Financial Services Ltd. | 0.45% | 0.52% | +0.07% |
| Reserve Bank of India | 0.77% | 0.70% | -0.07% |
| Godrej Housing Finance Ltd. | 0.45% | 0.52% | +0.07% |
| DSP Finance Pvt Ltd. | 0.31% | 0.36% | +0.05% |
| Bank Of Baroda | 0.31% | 0.36% | +0.05% |
| Others | 0.30% | 0.35% | +0.05% |
| LIC Housing Finance Ltd. | 4.07% | 4.03% | -0.04% |
| Jharkhand State | 0.20% | 0.23% | +0.03% |
| Gujarat State | 0.16% | 0.18% | +0.02% |
| Telangana State | 0.14% | 0.16% | +0.02% |
| Himachal Pradesh State | 0.13% | 0.15% | +0.02% |
| Assam State | 0.12% | 0.14% | +0.02% |
| Andhra Pradesh State | 0.08% | 0.09% | +0.01% |
| West Bengal State | 0.08% | 0.09% | +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 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 months3.11% absolute | ₹60,000 | ₹61,866 | 3.11% | |
| 1 year5.87% annualised | ₹1,20,000 | ₹1,23,885 | 3.24% | |
| 3 years6.77% annualised | ₹3,60,000 | ₹4,00,170 | 11.16% | |
| 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 SBI Money Market Fund?
The NAV of SBI Money Market Fund is ₹44.90 as on 9 Nov 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 6.0% over 1 year, 6.5% 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 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 ₹13,34,527 Cr under management.