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Two Money market funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Nippon India Money Market Fund vs SBI 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%; SBI Money Market Fund NAV ₹48.43, 3Y CAGR 7.2%, expense ratio 0.26%; about 13% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Nippon India Money Market Fund Direct Growth | SBI Money Market Fund Direct Growth | |
|---|---|---|
| Category | Money market | Money market |
| Fund house | Nippon India Mutual Fund | SBI Mutual Fund |
| Plan | Direct Plan · Growth Option | Direct Plan · Growth |
| NAV | ₹4,585.85 (9 Nov 2026) | ₹48.43 (9 Nov 2026) |
| 1Y return | 6.4% | 6.3% |
| 3Y CAGR | 7.3% | 7.2% |
| 5Y CAGR | 6.8% | 6.7% |
| Since launch (CAGR) | 7.3% | 7.5% |
| Expense ratio | 0.22% | 0.26% |
| AUM | ₹18,955 cr | ₹25,329 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 | ₹500 |
| Holdings | 135 | 78 |
| Top 10 holdings weight | 28.7% | 39.4% |
| Portfolio overlap | About 13% 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 SBI Money Market Fund 6.7% a year. Past performance is not indicative of future results.
Nippon India Money Market Fund costs less: Nippon India Money Market Fund charges 0.22% a year and SBI Money Market Fund 0.26% a year.
SBI Money Market Fund is larger: Nippon India Money Market Fund manages ₹18,955 cr and SBI Money Market Fund ₹25,329 cr (as of 9 Nov 2026).
About 13% 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