HDFC Money Market Fund - Growth Option vs Mirae Asset Money Market Fund
Money Market Fund · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 13-Jul-2026
| Metric | HDFC Money Market Fund - Growth Option | Mirae Asset Money Market Fund |
|---|---|---|
| Latest NAV | ₹6,230.58 | ₹1,364.49 |
| 1-Year Return | +6.70% | +6.62% |
| 3-Year Return (CAGR) | +7.64% | +7.64% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 0.5% | 0.5% |
| Max Drawdown | −0.2% | −0.2% |
| Fund House | HDFC Mutual Fund | Mirae Asset Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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HDFC Money Market Fund - Growth Option vs Mirae Asset Money Market Fund: which is better?
HDFC Money Market Fund - Growth Option and Mirae Asset Money Market Fund are both money market fund mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised) the two funds are effectively neck and neck: HDFC Money Market Fund - Growth Option at +7.64% versus Mirae Asset Money Market Fund at +7.64%.
Mirae Asset Money Market Fund has been the steadier fund over the past year, with annualised volatility of 0.5% versus 0.5%. Looking at worst falls, HDFC Money Market Fund - Growth Option's deepest drawdown in the stored history is −0.2% against −0.2% for Mirae Asset Money Market Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- 3-year returns are virtually identical (+7.64% vs +7.64%).
- Mirae Asset Money Market Fund has shown lower volatility over the trailing year.
Frequently Asked Questions
Which fund has given higher returns — HDFC Money Market Fund - Growth Option or Mirae Asset Money Market Fund?
Over the past 3 year period their returns are almost identical: HDFC Money Market Fund - Growth Option +7.64% and Mirae Asset Money Market Fund +7.64% annualised. Past performance does not guarantee future results.
Which fund is less risky — HDFC Money Market Fund - Growth Option or Mirae Asset Money Market Fund?
Based on the trailing year, Mirae Asset Money Market Fund has shown lower day-to-day volatility (HDFC Money Market Fund - Growth Option: 0.5%, Mirae Asset Money Market Fund: 0.5% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both HDFC Money Market Fund - Growth Option and Mirae Asset Money Market Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Money Market Fund comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.