MoneyDock

Best Money Market Fund in 2026

Top performers by 3-year CAGR · Direct-Growth · NAV as of 12-Aug-2026

This list ranks the 22 money market fund on MoneyDock by their 3-year CAGR, computed from AMFI NAV history for the Direct-Growth plan. Tata Money Market Fund currently leads with +7.84%.

Returns measure past performance only and should be one input among many — also weigh expense ratio, risk, fund house track record and how the fund fits your goals. Past performance does not guarantee future results.

#Fund3Y CAGR ReturnNAV
1
Tata Mutual Fund logo
Tata Money Market Fund
+7.84%₹5,179.19
2
HDFC Mutual Fund logo
HDFC Money Market Fund - Growth Option
+7.79%₹6,271.97
3
Mirae Asset Mutual Fund logo
Mirae Asset Money Market Fund
+7.78%₹1,373.59
4
Kotak Mahindra Mutual Fund logo
Kotak Money Market Fund - (Growth)
+7.77%₹4,876.48
5
Nippon India Mutual Fund logo
Nippon India Money Market Fund
+7.76%₹4,521.96
6
ICICI Prudential Mutual Fund logo
ICICI Prudential Money Market Fund Option
+7.76%₹413.07
7
Aditya Birla Sun Life Mutual Fund logo
Aditya Birla Sun Life Money Manager Fund - Growth
+7.75%₹403.14
8
UTI Mutual Fund logo
UTI Mmf
+7.72%₹3,356.09
9
Franklin Templeton Mutual Fund logo
Franklin India Money Market Fund
+7.72%₹55.74
10
Bandhan Mutual Fund logo
Bandhan Money Market Fund
+7.69%₹46.99
11
Axis Mutual Fund logo
Axis Money Market Fund
+7.68%₹1,554.15
12
HSBC Mutual Fund logo
HSBC Money Market Fund
+7.65%₹29.76
13
Edelweiss Mutual Fund logo
Edelweiss Money Market Fund
+7.64%₹33.7
14
Sundaram Mutual Fund logo
Sundaram Money Market Fund
+7.63%₹16.23
15
SBI Mutual Fund logo
SBI Savings Fund
+7.60%₹47.77
16
Invesco Mutual Fund logo
Invesco India Money Market Fund
+7.57%₹3,385.73
17
DSP Mutual Fund logo
DSP Savings Fund
+7.55%₹58.33
18
Baroda BNP Paribas Mutual Fund logo
Baroda BNP Paribas Money Market Fund
+7.55%₹1,504.08
19
Union Mutual Fund logo
Union Money Market Fund
+7.52%₹1,363.15
20
PGIM India Mutual Fund logo
PGIM India Money Market Fund
+7.52%₹1,467.19
21
Trust Mutual Fund logo
Trustmf Money Market Fund
+7.46%₹1,315.75
22
LIC Mutual Fund logo
LIC MF Money Market Fund
+7.12%₹1,295.57

Frequently Asked Questions

Which is the best money market fund in 2026?

By 3-year CAGR, Tata Money Market Fund currently tops this list with +7.84%. Rankings are based on past NAV performance and refresh daily — they are not a recommendation.

How are these funds ranked?

Funds are ranked purely by their 3-year CAGR, computed from AMFI NAV history for the Direct-Growth plan. We rank over the longest period the available history supports and extend toward longer 1-, 3- and 5-year windows as more NAV data is collected. Past performance does not guarantee future results.

Are these Direct or Regular plans?

All returns shown are for the Direct-Growth plan, which carries no distributor commission and therefore has a lower expense ratio and typically higher long-term returns than the Regular plan.

Returns are computed from AMFI NAV history for the Direct-Growth plan and rank past performance only. This is not investment advice — mutual fund investments are subject to market risks; read all scheme-related documents carefully.