Tata Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹5,106.36-0.01%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹4,800.36 — ₹5,107.22
- AUM
- ₹34,511 Cr
Tata Money Market Fund is a Money Market debt fund from Tata Mutual Fund with ₹34,511 Cr under management, launched in 2003. Over three years it has returned 7.0% 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 +6.4% 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 | 6.8% | +0.1 pts | 6.6% | 6.7% |
| 3Y | 7.0% | 0.0 pts | 7.0% | 6.9% |
| 5Y | 7.0% | +0.7 pts | 6.3% | 6.9% |
| 7Y | 6.6% | +0.2 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 | 1.6% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.5% | 0.0 pts | 3.5% | 3.5% |
| 1Y | 6.4% | +0.1 pts | 6.2% | 6.3% |
| 2Y | 7.1% | +0.2 pts | 6.9% | 7.0% |
| 3Y | 7.3% | +0.2 pts | 7.0% | 7.1% |
| 5Y | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 7Y | 6.3% | +0.3 pts | 6.0% | 5.9% |
| 10Y | 5.8% | −0.5 pts | 6.4% | 6.6% |
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 23 Sep 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 | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.58 | 2.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.65 | 3.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.52 | 0.55 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Tata Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt98.7%
- Other1.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 3.34% | ₹1,151 Cr | +1.42% | +0.68% | +2.68% |
| Yes Bank Ltd. | Financial | 3.22% | ₹1,111 Cr | +3.28% | — | — |
| HDFC Bank Ltd. | Financial | 2.99% | ₹1,031 Cr | +0.22% | +0.47% | +0.47% |
| LIC Housing Finance Ltd. | Financial | 2.80% | ₹966 Cr | +2.86% | — | +1.18% |
| company:5721 | Financial | 2.56% | ₹884 Cr | — | +6.00% | +0.47% |
| Union Bank of India | Financial | 2.23% | ₹768 Cr | +0.58% | — | +6.02% |
| Reserve Bank of India | Financial | 2.18% | ₹753 Cr | +1.59% | +1.71% | +1.62% |
| IDFC First Bank Ltd. | Financial | 2.12% | ₹731 Cr | — | — | +0.24% |
| The Jammu & Kashmir Bank Ltd. | Financial | 2.10% | ₹724 Cr | — | +1.35% | +0.35% |
| National Bank For Agriculture & Rural Development | Financial | 1.97% | ₹681 Cr | +2.01% | +1.66% | +0.04% |
| Indian Overseas Bank | Financial | 1.96% | ₹677 Cr | +2.00% | +1.78% | — |
| Indusind Bank Ltd. | Financial | 1.83% | ₹633 Cr | +1.87% | +1.47% | +0.83% |
| Equitas Small Finance Bank Ltd. | Financial | 1.67% | ₹578 Cr | +1.70% | +1.51% | +0.71% |
| Others | Others | 1.63% | ₹555 Cr | +0.93% | +0.81% | +0.66% |
| The Federal Bank Ltd. | Financial | 1.54% | ₹531 Cr | +1.57% | +1.56% | +1.01% |
| Kotak Mahindra Bank Ltd. | Financial | 1.43% | ₹493 Cr | +2.92% | +2.58% | +1.12% |
| Aseem Infrastructure Finance Ltd. | Financial | 1.42% | ₹491 Cr | +1.45% | +1.28% | — |
| Karnataka State | Others | 1.42% | ₹490 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 1.41% | ₹486 Cr | +1.44% | +1.28% | +1.18% |
| Motilal Oswal Finevest Ltd. | Financial | 1.12% | ₹388 Cr | +1.15% | +1.01% | +0.94% |
| IGH Holdings Pvt. Ltd. | Communication | 1.11% | ₹385 Cr | +1.13% | — | — |
| Pilani Investment And Industries Corporation Ltd. | Financial | 1.05% | ₹361 Cr | +1.35% | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.98% | ₹339 Cr | +1.00% | +1.27% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.98% | ₹338 Cr | +1.16% | — | — |
| Angel One Ltd. | Financial | 0.84% | ₹290 Cr | +0.86% | +0.76% | +0.23% |
| Infina Finance Pvt. Ltd. | Financial | 0.84% | ₹291 Cr | +0.86% | +0.76% | +0.36% |
| Kisetsu Saison Finance (India) Pvt Ltd. | Financial | 0.84% | ₹289 Cr | +0.85% | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.70% | ₹242 Cr | +0.72% | +0.63% | — |
| CTBC Bank Ltd. | Financial | 0.70% | ₹241 Cr | — | — | — |
| Deutsche Investments (I) Pvt. Ltd. | Financial | 0.70% | ₹243 Cr | +0.72% | +0.64% | +0.59% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 0.70% | ₹241 Cr | +1.00% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.70% | ₹242 Cr | +1.15% | +1.02% | +0.47% |
| Canara Bank | Financial | 0.68% | ₹236 Cr | +1.89% | +1.67% | +0.12% |
| Punjab National Bank | Financial | 0.64% | ₹221 Cr | +0.29% | +1.35% | +0.23% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.63% | ₹219 Cr | +0.72% | +0.64% | — |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.56% | ₹194 Cr | +0.57% | +0.51% | +0.48% |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.56% | ₹194 Cr | +0.57% | +0.51% | — |
| Muthoot Fincorp Ltd. | Financial | 0.56% | ₹194 Cr | +0.57% | +0.50% | +0.46% |
| 360 One Wam Ltd. | Financial | 0.42% | ₹145 Cr | +0.43% | +0.38% | — |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 0.42% | ₹145 Cr | +0.43% | +0.38% | — |
| Axis Bank Ltd. | Financial | 0.29% | ₹98.50 Cr | +3.87% | +3.42% | +0.23% |
| Haryana State | Others | 0.28% | ₹95.47 Cr | +0.29% | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.28% | ₹96.71 Cr | +0.29% | +0.25% | +0.30% |
| company:5849 | Others | 0.23% | ₹80.32 Cr | — | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 0.14% | ₹48.36 Cr | +0.14% | +0.13% | +0.30% |
| company:5434 | Financial | 0.14% | ₹46.83 Cr | +2.89% | +2.62% | +0.12% |
| GOI | Sovereign | 0.07% | ₹25.28 Cr | +0.08% | +0.07% | +0.39% |
| Punjab & Sind Bank | Financial | 0.07% | ₹24.19 Cr | +0.07% | +0.25% | — |
| company:6884 | Others | 0.07% | ₹25.05 Cr | — | — | +1.04% |
| company:6904 | Others | 0.06% | ₹20.08 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bank Of Baroda | 2.66% | 0.00% | -2.66% |
| company:5721 | 0.00% | 2.56% | +2.56% |
| Reserve Bank of India | 0.82% | 2.18% | +1.36% |
| company:5849 | 0.00% | 0.23% | +0.23% |
| company:5434 | 0.00% | 0.14% | +0.14% |
| company:6884 | 0.00% | 0.07% | +0.07% |
| company:6904 | 0.00% | 0.06% | +0.06% |
| Karnataka State | 1.44% | 1.42% | -0.02% |
| LIC Housing Finance Ltd. | 2.81% | 2.80% | -0.01% |
| Aditya Birla Capital Ltd. | 0.99% | 0.98% | -0.01% |
| Aseem Infrastructure Finance Ltd. | 1.43% | 1.42% | -0.01% |
| Bajaj Housing Finance Ltd. | 1.42% | 1.41% | -0.01% |
| Birla Group Holdings Pvt. Ltd. | 0.64% | 0.63% | -0.01% |
| Deutsche Investments (I) Pvt. Ltd. | 0.71% | 0.70% | -0.01% |
| Equitas Small Finance Bank Ltd. | 1.68% | 1.67% | -0.01% |
| IGH Holdings Pvt. Ltd. | 1.12% | 1.11% | -0.01% |
| Indian Overseas Bank | 1.97% | 1.96% | -0.01% |
| Indusind Bank Ltd. | 1.84% | 1.83% | -0.01% |
| Infina Finance Pvt. Ltd. | 0.85% | 0.84% | -0.01% |
| National Bank For Agriculture & Rural Development | 1.98% | 1.97% | -0.01% |
| The Federal Bank Ltd. | 1.55% | 1.54% | -0.01% |
| Canara Bank | 0.69% | 0.68% | -0.01% |
| Mahindra Rural Housing Finance Ltd. | 0.57% | 0.56% | -0.01% |
| HDFC Bank Ltd. | 3.00% | 2.99% | -0.01% |
| IDFC First Bank Ltd. | 2.13% | 2.12% | -0.01% |
| Motilal Oswal Finevest Ltd. | 1.13% | 1.12% | -0.01% |
| The Jammu & Kashmir Bank Ltd. | 2.11% | 2.10% | -0.01% |
| Yes Bank Ltd. | 3.23% | 3.22% | -0.01% |
| 360 ONE Wealth Ltd. | 0.70% | 0.70% | 0.00% |
| 360 One Wam Ltd. | 0.42% | 0.42% | 0.00% |
| Angel One Ltd. | 0.84% | 0.84% | 0.00% |
| Axis Bank Ltd. | 0.29% | 0.29% | 0.00% |
| CTBC Bank Ltd. | 0.70% | 0.70% | 0.00% |
| GOI | 0.07% | 0.07% | 0.00% |
| HSBC InvestDirect Financial Services India Ltd. | 0.42% | 0.42% | 0.00% |
| Haryana State | 0.28% | 0.28% | 0.00% |
| Julius Baer Capital India Pvt Ltd. | 0.56% | 0.56% | 0.00% |
| Kisetsu Saison Finance (India) Pvt Ltd. | 0.84% | 0.84% | 0.00% |
| Kotak Mahindra Bank Ltd. | 1.43% | 1.43% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. | 0.98% | 0.98% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 0.70% | 0.70% | 0.00% |
| Motilal Oswal Financial Services Ltd. | 0.70% | 0.70% | 0.00% |
| Muthoot Fincorp Ltd. | 0.56% | 0.56% | 0.00% |
| Nuvama Wealth Finance Ltd. | 0.14% | 0.14% | 0.00% |
| Nuvama Wealth and Investment Limited | 0.28% | 0.28% | 0.00% |
| Others | 0.30% | 0.30% | 0.00% |
| Pilani Investment And Industries Corporation Ltd. | 1.05% | 1.05% | 0.00% |
| Punjab & Sind Bank | 0.07% | 0.07% | 0.00% |
| Punjab National Bank | 0.64% | 0.64% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 2.07% | 2.07% | 0.00% |
| Union Bank of India | 0.14% | 0.14% | 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 | ₹18,672 Cr | 0.31% | 6.7% | 7.0% | 7.1% |
 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% | 7.1% |
 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 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 months3.55% absolute | ₹60,000 | ₹62,130 | 3.55% | |
| 1 year6.37% annualised | ₹1,20,000 | ₹1,24,222 | 3.52% | |
| 3 years7.25% annualised | ₹3,60,000 | ₹4,03,225 | 12.01% | |
| 5 years6.59% annualised | ₹6,00,000 | ₹7,12,273 | 18.71% |
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 ₹5,106.36 as on 25 Sep 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 6.7% over 1 year, 7.0% 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 61 schemes with ₹2,31,388 Cr under management.