Tata Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹5,140.34+0.07%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹4,834.67 — ₹5,136.71
- AUM
- ₹32,701 Cr
Tata Money Market Fund is a Money Market debt fund from Tata Mutual Fund with ₹32,701 Cr under management, launched in 2003. Over three years it has returned 6.9% a year, against 7.0% for its category. The expense ratio is 0.40% and the SEBI riskometer reading is Moderate.
Performance
Tata 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 | 6.4% | +0.2 pts | 6.2% | 6.3% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.5% |
| 3Y | 6.9% | −0.1 pts | 7.0% | 6.8% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| 10Y | 6.2% | −0.1 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 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 | 6.9% | +0.2 pts | 6.7% | 6.8% |
| 3Y | 7.2% | +0.2 pts | 7.0% | 7.0% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.4% |
| 7Y | 6.2% | +0.3 pts | 6.0% | 5.9% |
| 10Y | 5.8% | −0.5 pts | 6.3% | 6.5% |
Since launch (20 May 2003): 6.7%
Calendar-year returns
Category average6.4%
3.9%
4.8%
7.4%
7.6%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.1 pts | 7.5% |
| 2024 | 7.6% | 0.0 pts | 7.6% |
| 2023 | 7.4% | 0.0 pts | 7.3% |
| 2022 | 4.8% | +0.1 pts | 4.7% |
| 2021 | 3.9% | +0.2 pts | 3.8% |
| 2020 | 6.4% | +0.3 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
- 0.37%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.03%
- Exit load
- Exit load of 2% of redeemed within 6 months
- 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 | 1.32 | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.50 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.59 | 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
Tata 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 |
|---|---|---|---|---|---|---|
| Kotak Mahindra Bank Ltd. | Financial | 3.70% | ₹1,173 Cr | +3.03% | +2.95% | +1.19% |
| Yes Bank Ltd. | Financial | 3.60% | ₹1,140 Cr | +3.41% | +3.47% | — |
| LIC Housing Finance Ltd. | Financial | 3.06% | ₹971 Cr | +2.97% | +2.89% | +1.26% |
| Union Bank of India | Financial | 2.43% | ₹772 Cr | +4.42% | — | +6.32% |
| IDFC First Bank Ltd. | Financial | 2.32% | ₹735 Cr | — | — | +0.25% |
| The Jammu & Kashmir Bank Ltd. | Financial | 2.30% | ₹729 Cr | — | — | +0.37% |
| National Bank For Agriculture & Rural Development | Financial | 2.16% | ₹685 Cr | +2.09% | +1.89% | +2.14% |
| Indian Overseas Bank | Financial | 2.15% | ₹681 Cr | +2.08% | +2.02% | — |
| REC Ltd. | Financial | 2.14% | ₹678 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.93% | ₹613 Cr | +0.30% | +3.91% | +0.25% |
| Indusind Bank Ltd. | Financial | 1.85% | ₹587 Cr | +1.94% | +2.03% | +0.88% |
| Equitas Small Finance Bank Ltd. | Financial | 1.83% | ₹581 Cr | +1.77% | +1.72% | +0.63% |
| Export-Import Bank Of India | Financial | 1.79% | ₹568 Cr | — | — | +0.50% |
| Karnataka State | Others | 1.70% | ₹539 Cr | +1.53% | — | — |
| The Federal Bank Ltd. | Financial | 1.69% | ₹534 Cr | +1.63% | +1.59% | +2.70% |
| HDFC Bank Ltd. | Financial | 1.55% | ₹490 Cr | +3.17% | +3.67% | +0.51% |
| Bajaj Housing Finance Ltd. | Financial | 1.54% | ₹489 Cr | +1.49% | +1.46% | +1.26% |
| ICICI Securities Ltd. | Financial | 1.53% | ₹485 Cr | — | — | +0.75% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.39% | ₹440 Cr | +2.19% | +2.03% | +1.44% |
| Motilal Oswal Finevest Ltd. | Financial | 1.23% | ₹390 Cr | +1.19% | +1.16% | +1.01% |
| IGH Holdings Pvt. Ltd. | Communication | 1.22% | ₹387 Cr | +1.18% | +1.15% | — |
| Sharekhan Ltd. | Financial | 1.22% | ₹387 Cr | — | — | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 1.15% | ₹363 Cr | +1.40% | +1.36% | — |
| Infina Finance Pvt. Ltd. | Financial | 0.93% | ₹293 Cr | +0.90% | +0.87% | +0.25% |
| Angel One Ltd. | Financial | 0.92% | ₹292 Cr | +0.89% | +0.86% | +0.25% |
| Kisetsu Saison Finance (India) Pvt Ltd. | Financial | 0.92% | ₹290 Cr | +0.89% | +0.86% | — |
| 360 ONE Wealth Ltd. | Financial | 0.77% | ₹244 Cr | +0.74% | +0.72% | — |
| Deutsche Investments (I) Pvt. Ltd. | Financial | 0.77% | ₹245 Cr | +0.75% | +0.73% | +0.63% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.77% | ₹243 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 0.77% | ₹242 Cr | +0.74% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.77% | ₹244 Cr | +1.04% | +1.16% | +0.50% |
| Punjab National Bank | Financial | 0.77% | ₹243 Cr | +0.68% | +0.29% | +0.25% |
| CTBC Bank Ltd. | Financial | 0.76% | ₹242 Cr | — | — | — |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.62% | ₹195 Cr | +0.60% | +0.58% | +0.51% |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.62% | ₹196 Cr | +0.60% | +0.58% | — |
| Muthoot Fincorp Ltd. | Financial | 0.62% | ₹195 Cr | +0.59% | +0.58% | +0.50% |
| Mirae Asset Capital Markets (India) Pvt. Ltd. | Financial | 0.61% | ₹194 Cr | — | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.61% | ₹193 Cr | +0.30% | +0.29% | +0.32% |
| 360 One Wam Ltd. | Financial | 0.46% | ₹146 Cr | +0.45% | +0.43% | — |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 0.46% | ₹146 Cr | +0.45% | +0.43% | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.39% | ₹122 Cr | +0.75% | +0.73% | — |
| Qatar National Bank | Financial | 0.31% | ₹96.95 Cr | — | — | — |
| Haryana State | Others | 0.30% | ₹95.33 Cr | +0.30% | — | — |
| Aseem Infrastructure Finance Ltd. | Financial | 0.16% | ₹49.37 Cr | +1.51% | +1.46% | — |
| Canara Bank | Financial | 0.15% | ₹48.93 Cr | +1.96% | +1.91% | +1.26% |
| Nuvama Wealth Finance Ltd. | Financial | 0.15% | ₹48.67 Cr | +0.15% | +0.14% | +0.32% |
| GOI | Sovereign | 0.08% | ₹25.19 Cr | +0.08% | +0.08% | +1.94% |
| Punjab & Sind Bank | Financial | 0.08% | ₹24.33 Cr | +0.07% | +0.29% | — |
| Rajasthan State | Others | 0.08% | ₹25.02 Cr | — | — | +1.10% |
| West Bengal State | Others | 0.06% | ₹20.05 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.00% | ₹0.76 Cr | +1.64% | +2.14% | +0.25% |
| Others | Others | -0.73% | ₹-233.13 Cr | +0.96% | +0.93% | +0.72% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kotak Mahindra Bank Ltd. | 1.43% | 3.70% | +2.27% |
| Reserve Bank of India | 2.18% | 0.00% | -2.18% |
| REC Ltd. | 0.00% | 2.14% | +2.14% |
| Axis Bank Ltd. | 0.29% | 1.93% | +1.64% |
| ICICI Securities Ltd. | 0.00% | 1.53% | +1.53% |
| HDFC Bank Ltd. | 2.99% | 1.55% | -1.44% |
| Aseem Infrastructure Finance Ltd. | 1.42% | 0.16% | -1.26% |
| Sharekhan Ltd. | 0.00% | 1.22% | +1.22% |
| company:14725 | 0.98% | 0.00% | -0.98% |
| Export-Import Bank Of India | 2.56% | 1.79% | -0.77% |
| Small Industries Devp. Bank of India Ltd. | 2.07% | 1.39% | -0.68% |
| Mirae Asset Capital Markets (India) Pvt. Ltd. | 0.00% | 0.61% | +0.61% |
| Canara Bank | 0.68% | 0.15% | -0.53% |
| Yes Bank Ltd. | 3.22% | 3.60% | +0.38% |
| Nuvama Wealth and Investment Limited | 0.28% | 0.61% | +0.33% |
| Qatar National Bank | 0.00% | 0.31% | +0.31% |
| Karnataka State | 1.42% | 1.70% | +0.28% |
| LIC Housing Finance Ltd. | 2.80% | 3.06% | +0.26% |
| Birla Group Holdings Pvt. Ltd. | 0.63% | 0.39% | -0.24% |
| company:5849 | 0.23% | 0.00% | -0.23% |
| Mahindra & Mahindra Financial Services Ltd. | 0.98% | 0.77% | -0.21% |
| IDFC First Bank Ltd. | 2.12% | 2.32% | +0.20% |
| The Jammu & Kashmir Bank Ltd. | 2.10% | 2.30% | +0.20% |
| National Bank For Agriculture & Rural Development | 1.97% | 2.16% | +0.19% |
| Indian Overseas Bank | 1.96% | 2.15% | +0.19% |
| Equitas Small Finance Bank Ltd. | 1.67% | 1.83% | +0.16% |
| The Federal Bank Ltd. | 1.54% | 1.69% | +0.15% |
| company:5434 | 0.14% | 0.00% | -0.14% |
| Bajaj Housing Finance Ltd. | 1.41% | 1.54% | +0.13% |
| Punjab National Bank | 0.64% | 0.77% | +0.13% |
| IGH Holdings Pvt. Ltd. | 1.11% | 1.22% | +0.11% |
| Motilal Oswal Finevest Ltd. | 1.12% | 1.23% | +0.11% |
| Pilani Investment And Industries Corporation Ltd. | 1.05% | 1.15% | +0.10% |
| Infina Finance Pvt. Ltd. | 0.84% | 0.93% | +0.09% |
| Angel One Ltd. | 0.84% | 0.92% | +0.08% |
| Kisetsu Saison Finance (India) Pvt Ltd. | 0.84% | 0.92% | +0.08% |
| 360 ONE Wealth Ltd. | 0.70% | 0.77% | +0.07% |
| Deutsche Investments (I) Pvt. Ltd. | 0.70% | 0.77% | +0.07% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 0.70% | 0.77% | +0.07% |
| Motilal Oswal Financial Services Ltd. | 0.70% | 0.77% | +0.07% |
| CTBC Bank Ltd. | 0.70% | 0.76% | +0.06% |
| Julius Baer Capital India Pvt Ltd. | 0.56% | 0.62% | +0.06% |
| Mahindra Rural Housing Finance Ltd. | 0.56% | 0.62% | +0.06% |
| Muthoot Fincorp Ltd. | 0.56% | 0.62% | +0.06% |
| 360 One Wam Ltd. | 0.42% | 0.46% | +0.04% |
| HSBC InvestDirect Financial Services India Ltd. | 0.42% | 0.46% | +0.04% |
| Indusind Bank Ltd. | 1.83% | 1.85% | +0.02% |
| Others | 0.30% | 0.32% | +0.02% |
| Haryana State | 0.28% | 0.30% | +0.02% |
| GOI | 0.07% | 0.08% | +0.01% |
| Punjab & Sind Bank | 0.07% | 0.08% | +0.01% |
| Rajasthan State | 0.07% | 0.08% | +0.01% |
| Nuvama Wealth Finance Ltd. | 0.14% | 0.15% | +0.01% |
| Union Bank of India | 0.14% | 0.15% | +0.01% |
| West Bengal State | 0.06% | 0.06% | 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 | ₹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 returns with reasonable liquidity to the unit holders by investing in money market instruments.
Fund managers
- Amit SomaniMr.Somani is a B.Com, PGDBM and CFA.Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.
- Harsh DaveMr. Dave has done B.E and PGDM(BFSI)Prior to joining Tata Mutual Fund, he has worked with ICICI Bank 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 months3.28% absolute | ₹60,000 | ₹61,968 | 3.28% | |
| 1 year6.27% annualised | ₹1,20,000 | ₹1,24,155 | 3.46% | |
| 3 years7.18% annualised | ₹3,60,000 | ₹4,02,778 | 11.88% | |
| 5 years6.65% annualised | ₹6,00,000 | ₹7,13,412 | 18.90% |
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 Tata Money Market Fund?
The NAV of Tata Money Market Fund is ₹5,140.34 as on 9 Nov 2026.
What is the expense ratio of Tata Money Market Fund?
The expense ratio of Tata Money Market Fund is 0.40% per year.
What is the minimum SIP amount for Tata Money Market Fund?
You can start a SIP in Tata Money Market Fund with ₹3,000 a month.
What returns has Tata Money Market Fund given?
Tata Money Market Fund has returned 6.4% over 1 year, 6.9% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on Tata Money Market Fund?
Lock-in: None. Exit load: Exit load of 2% of redeemed within 6 months.
How risky is Tata Money Market Fund?
Tata Money Market Fund is rated Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages Tata Money Market Fund?
Tata Money Market Fund is managed by Tata Mutual Fund, which runs 62 schemes with ₹2,39,201 Cr under management.