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Tata Money Market Fund

Q: What is the NAV of Tata Money Market Fund?

As of 05 Oct 2026, the NAV of Tata Money Market Fund is ₹5,229.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Tata Money Market Fund delivered?

Tata Money Market Fund has returned +6.64% over 1 year, +7.52% per year over 3 years, +6.89% per year over 5 years and +6.78% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Tata Money Market Fund?

Tata Money Market Fund charges an expense ratio of 0.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Tata Money Market Fund?

Tata Money Market Fund's largest holdings are ** - HDFC BANK LTD - CD - 05/03/2027 (3.6%), ** - KOTAK MAHINDRA BANK - CD - 04/02/2027 (3.4%), ** - YES BANK LTD - CD - 05/03/2027 (3.2%), ** TREASURY BILL 182 DAYS (26/02/2027) (3.1%) and ** - NABARD - CD - 27/01/2027 (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Tata Money Market Fund?

Tata Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -6.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Tata Money Market Fund?

Tata Money Market Fund is benchmarked against the CRISIL Money Market A-I Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Tata Money Market Fund?

Tata Money Market Fund is managed by Amit Somani and Harsh Dave at Tata.

Q: How is Tata Money Market Fund taxed?

Tata Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Tata Mutual Fund · Best Money Market Mutual Funds

NAV

₹5,229.20

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of Tata Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.61%absolute

52-week rangePrev NAV ₹5,224.83

Latest ₹5,229.20

Low ₹4,904.96100th percentile of its 52-week rangeHigh ₹5,229.20

Scorecard

★★★☆☆3/5 vs 23 of 26 Money Market Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option). 23 of the 26 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +7.52% · ranks 1 of 23 Money Market Funds

RiskModerate

Volatility 0.4% vs 0.4% category avg

CostAverage

0.2% expense vs 0.2% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ranks #2 of 25 on 1-year return in its Money Market Fund cohort
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.18%

Category 0.17%▲0.01%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

CRISIL Money Market A-I Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.45%

Absolute return over the last 3 months (not annualized)

+1.65%

Absolute return over the last 6 months (not annualized)

+3.73%

Absolute return since 1 Jan of this year (not annualized)

+5.15%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.64%

3-year annualized return (CAGR)

+7.52%

5-year annualized return (CAGR)

+6.89%

10-year annualized return (CAGR)

+6.06%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.78%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.42%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-6.57%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.45%	+0.45%	0.00%
3M abs	+1.65%	+1.61%	+0.04%
6M abs	+3.73%	+3.66%	+0.07%
1Y CAGR	+6.64%	+6.53%	+0.11%
3Y CAGR	+7.52%	+7.30%	+0.22%
5Y CAGR	+6.89%	+6.66%	+0.23%

Category average across peers in Money Market Fund (up to 26 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 26 peers in Money Market Fund

1Y return

+6.64%

Beats 95.8% · rank #2

3Y return🏆

+7.52%

Beats 100% · rank #1

5Y return🏆

+6.89%

Beats 100% · rank #1

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.18L

Absolute

+19.63%

XIRR

+7.33%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Tata Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+5.15%
2025	+7.67%
2024	+8.00%
2023	+7.64%
2022	+5.06%
2021	+4.13%
2020	+6.55%
2019	+8.22%
2018	+0.04%
2017	+6.73%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,880

Expense ratio

0.18%

AUM

₹34,494Cr

YTM

6.74%

Macaulay duration

151 days

Average maturity

151 days

Exit load

NIL

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Money Market Fund

Compare all


Tata Money Market FundThis fund Tata · Direct · Growth	★★★☆☆	+6.64%	+7.52%	+6.89%	—	0.18%	₹34,494Cr
Axis Money Market Fund Axis · Direct · Growth	★★★☆☆	+6.60%	+7.45%	+6.80%	—	0.18%	₹19,509Cr
Bandhan Money Market Fund Bandhan · Direct · Growth	★★★★★	+6.63%	+7.41%	+6.72%	—	0.11%	₹15,106Cr
Nippon India Money Market Fund Nippon India · Direct · Growth	★★★☆☆	+6.52%	+7.41%	+6.81%	—	0.22%	₹21,540Cr
Aditya Birla Sun Life Money Market Fund Aditya Birla Sun Life · Direct · Growth	★★★☆☆	+6.55%	+7.41%	+6.79%	—	0.22%	—
Mirae Asset Money Market Fund Mirae Asset · Direct · Growth	★★★★☆	+6.46%	+7.40%	+6.65%	—	0.11%	₹3,971Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt98.67%
Cash & Equivalents1.33%

Cash & cash-like: 83.65% — the 1.33% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

** TREASURY BILL 182 DAYS (26/02/2027)

3.10%

** TREASURY BILL 182 DAYS (28/01/2027)

2.41%

** TREASURY BILL 91 DAYS (24/09/2026)

2.18%

** TREASURY BILL 182 DAYS (18/02/2027)

0.92%

** TREASURY BILL 364 DAYS (17/12/2026)

0.90%

** TREASURY BILL 182 DAYS (17/12/2026)

0.90%

** TREASURY BILL 182 DAYS (31/12/2026)

0.54%

** TREASURY BILL 182 DAYS (14/01/2027)

0.44%

** TREASURY BILL 182 DAYS (18/09/2026)

0.39%

SBIMF AIF - CAT I (CDMDF)27/10/2038

0.30%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-6.6%07 Sep 2018 → 29 Oct 2018
Fell over 2 months, back to the old high on 30 Jul 2019 — 9 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹34,494Cr

April - June 2026

-4%

since January - March 2026

−₹1,997Cr

est. net flow, last quarter

At or near its largest, ₹35,984Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Tata Mutual Fund is run by Tata Asset Management, part of the Tata Group, and has been in business since 1995. It runs a broad line-up across equity, debt and hybrid, including several long-running thematic schemes.

Launched

29 Jun 1995

Total AUM

₹2,36,199Cr+3.4% QoQ

Avg AUM · July - September 2026

Website

tatamutualfund.com

Fund Managers

ASAmit SomaniManaging since 16 Oct 2013

Role

Senior Fund Manager

Education

B. Com, PGDBM, CFA

Experience

Sep 2012 – till date with Tata Asset Management Ltd. as a Fund Manager reporting to Head-Fixed Income. Jun 2010 – Aug 2012 with Tata Asset Management Ltd. as a Credit Analyst reporting to Head of Fixed Income. September 2006 – April 2010 with Fidelity Investments as Research Associate. July 2004 to August 2006 with Netscribes Pvt. Ltd as Research analyst. Jun 2003 to July 2004 with SPA Capital as debt market dealer. February 2001 to May 2003 with Khandwala Securities as debt market dealer.

Funds managed (5)

All schemes Amit Somani runs →

HDHarsh DaveManaging since 01 Jun 2026

Role

Fund Manager

Education

Bachelor of Engineering (Electrical), Post Graduate Diploma in Management (BFSI)

Experience

3 From 1st August, 2024 onwards With Tata Asset Management Private Limited as Fund Manager/ Junior Fund Manager, reporting to Head Fixed Income. From April 2022 to June 2024 With ICICI Bank Ltd. as Fixed Income Trader.

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Amit Somani

Tata in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Money Market funds

Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.

Frequently asked questions

What is the NAV of Tata Money Market Fund?

As of 05 Oct 2026, the NAV of Tata Money Market Fund is ₹5,229.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Tata Money Market Fund delivered?

Tata Money Market Fund has returned +6.64% over 1 year, +7.52% per year over 3 years, +6.89% per year over 5 years and +6.78% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Tata Money Market Fund?

Tata Money Market Fund charges an expense ratio of 0.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Tata Money Market Fund?

Tata Money Market Fund's largest holdings are ** - HDFC BANK LTD - CD - 05/03/2027 (3.6%), ** - KOTAK MAHINDRA BANK - CD - 04/02/2027 (3.4%), ** - YES BANK LTD - CD - 05/03/2027 (3.2%), ** TREASURY BILL 182 DAYS (26/02/2027) (3.1%) and ** - NABARD - CD - 27/01/2027 (3.0%). Holdings are disclosed monthly and change over time.

How risky is Tata Money Market Fund?

Tata Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -6.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Tata Money Market Fund?

Tata Money Market Fund is benchmarked against the CRISIL Money Market A-I Index. Its alpha and beta on this page are measured against that index.

Who manages Tata Money Market Fund?

Tata Money Market Fund is managed by Amit Somani and Harsh Dave at Tata.

How is Tata Money Market Fund taxed?

Tata Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.