Two Money market funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Nippon India Money Market Fund vs HDFC Money Market Fund, as of 9 Nov 2026: Nippon India Money Market Fund NAV ₹4,585.85, 3Y CAGR 7.3%, expense ratio 0.22%; HDFC Money Market Fund NAV ₹6,358.70, 3Y CAGR 7.3%, expense ratio 0.22%; about 0% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Nippon India Money Market Fund Direct Growth | HDFC Money Market Fund Direct Growth | |
|---|---|---|
| Category | Money market | Money market |
| Fund house | Nippon India Mutual Fund | HDFC Mutual Fund |
| Plan | Direct Plan · Growth Option | Direct Plan · Growth Option |
| NAV | ₹4,585.85 (9 Nov 2026) | ₹6,358.70 (9 Nov 2026) |
| 1Y return | 6.4% | 6.5% |
| 3Y CAGR | 7.3% | 7.3% |
| 5Y CAGR | 6.8% | 6.8% |
| Since launch (CAGR) | 7.3% | 7.3% |
| Expense ratio | 0.22% | 0.22% |
| AUM | ₹18,955 cr | ₹28,555 cr |
| Risk-o-meter | Moderate | Moderate |
| Benchmark | NIFTY Money Market Index A-I | CRISIL Money Market A-I Index |
| Exit load | Entry & Exit Load: Nil | — |
| Minimum SIP | ₹100 | ₹100 |
| Holdings | 135 | 119 |
| Top 10 holdings weight | 28.7% | 28.5% |
| Portfolio overlap | About 0% by weight, from the latest disclosed holdings | |
Returns are point-to-point for each plan, after its expense ratio; periods over one year are CAGR. Past performance is not indicative of future results.
Open in the compare tool: growth charts, SIP outcomes and shared holdings →Nippon India Money Market Fund has the higher 5-year CAGR (as of 9 Nov 2026): Nippon India Money Market Fund 6.8% a year vs HDFC Money Market Fund 6.8% a year. Past performance is not indicative of future results.
HDFC Money Market Fund is larger: Nippon India Money Market Fund manages ₹18,955 cr and HDFC Money Market Fund ₹28,555 cr (as of 9 Nov 2026).
About 0% of their portfolios overlap by weight (the smaller weight of each common holding, summed), from the latest disclosed holdings.
Both are rated "Moderate" on SEBI's risk-o-meter.
We don't give recommendations. Jivani Markets is not a SEBI-registered investment adviser or research analyst. Whether a fund suits you depends on your goals, horizon and risk appetite; speak to a SEBI-registered investment adviser or an AMFI-registered mutual fund distributor before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future results.
Returns are for Direct plans, after expenses (TER is already in the NAV). Research, not advice: we do not say a fund suits you. Disclaimer