Shriram Money Market Fund
Shriram Mutual Fund · Best Money Market Mutual Funds
This is the Direct plan of Shriram 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.
NAV history
Scorecard
Not ratedHow 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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Money Market Fund peers to rank yet
Volatility 0.6% vs 0.4% category avg
0.1% expense vs 0.2% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.12%) vs the Money Market Fund average of 0.19%
Concerns
- More volatile than its Money Market Fund peers (0.6% vs 0.4%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | +0.57% | +0.58% | -0.01% |
| 3M abs | +2.07% | +2.13% | -0.06% |
| 6M abs | +3.20% | +3.33% | -0.13% |
| 1Y CAGR | — | +6.41% | — |
| 3Y CAGR | — | +7.31% | — |
| 5Y CAGR | — | +6.57% | — |
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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
6 monthly installments of ₹10,000 into Shriram Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Fund size over time
Quarterly average AUM · AMFIDown +11% from its peak of ₹260.16Cr 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.
Shriram 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.
Shriram Multi Asset Allocation Fund - Direct Plan
CNBC TV18 · 8d ago
Shriram Money Market Fund
CNBC TV18 · 11d ago
Shriram Nifty 1D Rate Liquid ETF - Direct Plan
CNBC TV18 · 11d ago
Shriram Money Market Fund - Direct Plan
CNBC TV18 · 11d ago
Shriram Multi Sector Rotation Fund - Direct Plan
CNBC TV18 · 11d ago
Shriram Liquid Fund - Direct Plan
CNBC TV18 · 19d ago
Shriram Overnight Fund
CNBC TV18 · 25d ago
India’s Power Industry Set to Gain Most from Global AI Expansion, Says Shriram Mutual Fund Report
The Impressive Times · 11 Jul 2026
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 Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of Shriram Money Market Fund?
As of 21 Aug 2026, the NAV of Shriram Money Market Fund is ₹1,037.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Shriram Money Market Fund delivered?
Shriram Money Market Fund has returned +3.67% 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 Shriram Money Market Fund?
Shriram Money Market Fund charges an expense ratio of 0.12% 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 Shriram Money Market Fund?
Its largest holdings are BANK OF BARODA CD 04FEB27 (13.3%), CANARA BANK CD 15SEP26 (10.5%), Union Bank of India CD (10.5%), Small Industries Development Bank Of India (21/09/2026) ** (10.5%) and HDFC BANK LIMITED CD 24FEB27 (10.2%). Holdings are disclosed monthly and change over time.
How risky is Shriram Money Market Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Shriram Money Market Fund?
Shriram Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Shriram Money Market Fund?
Shriram Money Market Fund is managed by Sudip Suresh More and Amit Modani at Shriram.
How is Shriram Money Market Fund taxed?
Shriram 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.