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Fund Overview

Fund Size

Fund Size

₹27,930 Cr

Expense Ratio

Expense Ratio

0.23%

ISIN

ISIN

INF179KB1HU9

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

HDFC Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹5705.15, Assets Under Management (AUM) of 27929.77 Crores, and an expense ratio of 0.23%.
  • HDFC Money Market Fund Direct Growth has given a CAGR return of 7.34% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 15.76% in debts, and 84.00% in cash & cash equivalents.
  • You can start investing in HDFC Money Market Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.84%

+6.60% (Cat Avg.)

3 Years

+7.05%

+6.33% (Cat Avg.)

5 Years

+6.25%

+5.76% (Cat Avg.)

10 Years

+6.93%

+5.73% (Cat Avg.)

Since Inception

+7.34%

(Cat Avg.)

Portfolio Summaryas of 15th March 2025

Debt4,401.01 Cr15.76%
Others23,528.76 Cr84.24%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Treps - Tri-Party RepoCash - Repurchase Agreement1,278.99 Cr4.58%
National Bank for Agriculture and Rural DevelopmentBond - Gov't Agency Debt859.69 Cr3.08%
Punjab National BankCash - CD/Time Deposit776.65 Cr2.78%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit722.25 Cr2.59%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit704.13 Cr2.52%
LIC Housing Finance LimitedCash - Commercial Paper699.97 Cr2.51%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit564.04 Cr2.02%
Union Bank Of IndiaCash - CD/Time Deposit562.55 Cr2.01%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit561.43 Cr2.01%
Bank Of BarodaCash - CD/Time Deposit517.08 Cr1.85%
Export-Import Bank Of IndiaCash - Commercial Paper515.82 Cr1.85%
Canara BankCash - CD/Time Deposit472.51 Cr1.69%
Axis Bank LimitedCash - CD/Time Deposit470.61 Cr1.68%
IDFC First Bank LimitedCash - CD/Time Deposit469.16 Cr1.68%
Indusind Bank LimitedCash - CD/Time Deposit468.8 Cr1.68%
IDBI Bank LimitedCash - CD/Time Deposit465.67 Cr1.67%
Bank of BarodaBond - Corporate Bond465.22 Cr1.67%
India (Republic of)Bond - Short-term Government Bills423.26 Cr1.52%
Bank Of IndiaCash - CD/Time Deposit421.3 Cr1.51%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit421.15 Cr1.51%
Tata Teleservices (Maharashtra) LtdCash - Commercial Paper379.47 Cr1.36%
Indusind Bank LimitedCash - CD/Time Deposit379.18 Cr1.36%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit378.85 Cr1.36%
Union Bank Of IndiaCash - CD/Time Deposit378.08 Cr1.35%
Union Bank Of IndiaCash - CD/Time Deposit375.47 Cr1.34%
Axis Bank LimitedCash - CD/Time Deposit374.34 Cr1.34%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit373.68 Cr1.34%
Union Bank Of IndiaCash - CD/Time Deposit373.06 Cr1.34%
The Federal Bank LimitedCash - CD/Time Deposit313.07 Cr1.12%
5.22% Govt Stock 2025Bond - Gov't/Treasury298.98 Cr1.07%
182 DTB 27062025Bond - Gov't/Treasury294.61 Cr1.05%
Indian BankCash - CD/Time Deposit284.34 Cr1.02%
Bank Of IndiaCash - CD/Time Deposit284.17 Cr1.02%
364 Days Tbill Mat 200226Bond - Gov't/Treasury282.83 Cr1.01%
India (Republic of)Bond - Short-term Government Bills281.84 Cr1.01%
Canara BankCash - CD/Time Deposit281.73 Cr1.01%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit281.41 Cr1.01%
Bank Of IndiaCash - CD/Time Deposit281.09 Cr1.01%
Canara BankCash - CD/Time Deposit280.96 Cr1.01%
Punjab National BankCash - CD/Time Deposit274.03 Cr0.98%
Bharti Telecom LimitedCash - Commercial Paper239.78 Cr0.86%
The Federal Bank LimitedCash - CD/Time Deposit239.34 Cr0.86%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit236.97 Cr0.85%
The Federal Bank LimitedCash - CD/Time Deposit236.72 Cr0.85%
364 Days Tbill Red 05-02-2026Bond - Gov't/Treasury236.28 Cr0.85%
364 DTB 12022026Bond - Gov't/Treasury236 Cr0.84%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit233.93 Cr0.84%
Au Small Finance Bank LimitedCash - CD/Time Deposit233.49 Cr0.84%
Muthoot Fincorp LimitedCash - Commercial Paper214.61 Cr0.77%
Credila Financial Services LimitedCash - Commercial Paper212.15 Cr0.76%
Birla Group Holdings Private LimitedCash - Commercial Paper199.83 Cr0.72%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit190.48 Cr0.68%
Bank Of BarodaCash - CD/Time Deposit188.14 Cr0.67%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit188.08 Cr0.67%
Tata Capital LimitedCash - Commercial Paper187.75 Cr0.67%
Union Bank Of IndiaCash - CD/Time Deposit187.59 Cr0.67%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit186.74 Cr0.67%
Credila Financial Services LimitedCash - Commercial Paper186.61 Cr0.67%
ICICI Securities LimitedCash - Commercial Paper185.9 Cr0.67%
Muthoot Fincorp LimitedCash - Commercial Paper185.02 Cr0.66%
Net Current AssetsCash175.38 Cr0.63%
Sharekhan LimitedCash - Commercial Paper147.1 Cr0.53%
The Federal Bank LimitedCash - CD/Time Deposit145.58 Cr0.52%
Union Bank Of IndiaCash - CD/Time Deposit142.15 Cr0.51%
Union Bank Of IndiaCash - CD/Time Deposit142 Cr0.51%
Julius Baer Capital (India) Private LimitedCash - Commercial Paper141.77 Cr0.51%
IDBI Bank LimitedCash - CD/Time Deposit140.45 Cr0.50%
Hero Fincorp LimitedCash - Commercial Paper139.89 Cr0.50%
Standard Chartered Capital LimitedCash - Commercial Paper139.87 Cr0.50%
Punjab National BankCash - CD/Time Deposit118.3 Cr0.42%
182 DTB 19062025Bond - Gov't/Treasury98.34 Cr0.35%
LIC Housing Finance LtdCash - Commercial Paper96.32 Cr0.34%
0% Goi - 16dec25 StripsBond - Gov't/Treasury95.79 Cr0.34%
Tata Capital Housing Finance LimitedCash - Commercial Paper95.76 Cr0.34%
08.24 AP Sdl 2025Bond - Gov't/Treasury95.64 Cr0.34%
Sharekhan LimitedCash - Commercial Paper95.02 Cr0.34%
Indusind Bank Ltd.Cash - CD/Time Deposit94.66 Cr0.34%
Bahadur Chand Investments Private LimitedCash - Commercial Paper94.54 Cr0.34%
Muthoot Finance LimitedCash - Commercial Paper94.52 Cr0.34%
Hero Fincorp LimitedCash - Commercial Paper94.52 Cr0.34%
Standard Chartered Capital LimitedCash - Commercial Paper94.38 Cr0.34%
Igh Holdings Private LimitedCash - Commercial Paper94.34 Cr0.34%
Indian BankCash - CD/Time Deposit94.15 Cr0.34%
Bahadur Chand Investments Private LimitedCash - Commercial Paper93.95 Cr0.34%
Tata Capital LimitedCash - Commercial Paper93.84 Cr0.34%
Punjab And Sind BankCash - CD/Time Deposit93.78 Cr0.34%
ICICI Securities LimitedCash - Commercial Paper93.61 Cr0.34%
Muthoot Finance LimitedCash - Commercial Paper93.55 Cr0.33%
Julius Baer Capital (India) Private LimitedCash - Commercial Paper93.48 Cr0.33%
Standard Chartered Capital LimitedCash - Commercial Paper93.47 Cr0.33%
Muthoot Finance LimitedCash - Commercial Paper93.29 Cr0.33%
Birla Group Holdings Private LimitedCash - Commercial Paper93.22 Cr0.33%
Bahadur Chand Investments Private LimitedCash - Commercial Paper93.21 Cr0.33%
Hero Fincorp LimitedCash - Commercial Paper93.18 Cr0.33%
Infina Finance Private LimitedCash - Commercial Paper93.01 Cr0.33%
Standard Chartered Capital LimitedCash - Commercial Paper92.92 Cr0.33%
Goi 19.09.2025 GovBond - Gov't/Treasury85.12 Cr0.30%
Sundaram Home Finance LimitedCash - Commercial Paper73.53 Cr0.26%
Indian BankCash - CD/Time Deposit70.44 Cr0.25%
Deutsche Investments India Private LimitedCash - Commercial Paper70.21 Cr0.25%
Infina Finance Private LimitedCash - Commercial Paper70.12 Cr0.25%
Birla Group Holdings Private LimitedCash - Commercial Paper70.03 Cr0.25%
Corporate Debt Market Development FundMutual Fund - Open End68.32 Cr0.24%
08.53 Tn SDL 2026Bond - Gov't/Treasury61.04 Cr0.22%
Goi 12.09.2025 GovBond - Gov't/Treasury60.21 Cr0.22%
Goi 15.12.2025 GovBond - Gov't/Treasury58.29 Cr0.21%
Gs CG 12/12/2025 - (Strips) TbBond - Gov't/Treasury58.05 Cr0.21%
08.28 KA Sdl 2026Bond - Gov't/Treasury50.75 Cr0.18%
08.12 MH Sdl 2025Bond - Gov't/Treasury50.43 Cr0.18%
Goi Strips 06092025Bond - Gov't/Treasury48.31 Cr0.17%
Hero Housing Finance LimitedCash - Commercial Paper48.08 Cr0.17%
Axis Bank LimitedCash - CD/Time Deposit47.58 Cr0.17%
Hero Fincorp LimitedCash - Commercial Paper47.47 Cr0.17%
The Federal Bank LimitedCash - CD/Time Deposit46.97 Cr0.17%
Muthoot Finance Ltd.Bond - Corporate Bond46.32 Cr0.17%
Birla Group Holdings Private LimitedCash - Commercial Paper46.31 Cr0.17%
GS CG 22/8/2025 - (STRIPS) StripsBond - Gov't/Treasury44.3 Cr0.16%
Goi 22.10.2025 StripsBond - Gov't/Treasury41.87 Cr0.15%
Gs CG 19/12/2025 - (Strips) TbBond - Gov't/Treasury33.95 Cr0.12%
06.69 MP Sdl 2025Bond - Gov't/Treasury30 Cr0.11%
08.27 Tn SDL 2026Bond - Gov't/Treasury25.31 Cr0.09%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper24.48 Cr0.09%
Indusind Bank LimitedCash - CD/Time Deposit24.2 Cr0.09%
Mankind Pharma LimitedCash - Commercial Paper23.88 Cr0.09%
IDFC First Bank LimitedCash - CD/Time Deposit23.74 Cr0.09%
GS CG 17/12/2025 - (STRIPS) StripsBond - Gov't/Treasury18.49 Cr0.07%
08.49 Tn SDL 2026Bond - Gov't/Treasury15.23 Cr0.05%
05.95 Tn SDL 2025Bond - Gov't/Treasury14.98 Cr0.05%
06.18 GJ Sdl 2026 25 JanBond - Gov't/Treasury14.94 Cr0.05%
08.24 KL Sdl 2025Bond - Gov't/Treasury10.02 Cr0.04%
GOI 17.06.2025 GOVBond - Gov't/Treasury9.84 Cr0.04%
08.27 GJ Sdl 2026Bond - Gov't/Treasury5.06 Cr0.02%
08.16 KA Sdl 2025Bond - Gov't/Treasury5.05 Cr0.02%
Goi Strips - Mat 100525Bond - Gov't/Treasury4.95 Cr0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit15,816.32 Cr56.63%
Cash - Commercial Paper6,129.8 Cr21.95%
Bond - Gov't/Treasury2,384.64 Cr8.54%
Cash - Repurchase Agreement1,278.99 Cr4.58%
Bond - Gov't Agency Debt859.69 Cr3.08%
Bond - Short-term Government Bills705.1 Cr2.52%
Bond - Corporate Bond511.54 Cr1.83%
Cash175.38 Cr0.63%
Mutual Fund - Open End68.32 Cr0.24%

Risk & Performance Ratios

Standard Deviation

This fund

0.45%

Cat. avg.

0.62%

Lower the better

Sharpe Ratio

This fund

1.40

Cat. avg.

-0.03

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.26

Higher the better

Fund Managers

PJ

Praveen Jain

Since August 2024

DM

Dhruv Muchhal

Since June 2023

Additional Scheme Detailsas of 15th March 2025

ISIN
INF179KB1HU9
Expense Ratio
0.23%
Exit Load
No Charges
Fund Size
₹27,930 Cr
Age
12 years 2 months
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
Nifty Money Market TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Money Market Funds

Fund nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.8%0.0%₹1378.11 Cr7.0%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹197.96 Cr7.5%
Union Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹197.96 Cr6.7%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹88.71 Cr7.6%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.5%0.0%₹88.71 Cr7.4%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹19.94 Cr6.4%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹19.94 Cr5.9%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹26845.19 Cr7.7%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹2599.25 Cr7.7%
HDFC Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27929.77 Cr7.7%

About the AMC

HDFC Mutual Fund

HDFC Mutual Fund

Total AUM

₹7,38,172 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
HDFC Pharma and Healthcare Fund Direct Growth

Very High Risk

0.9%1.0%₹1468.68 Cr32.8%
HDFC Technology Fund Direct Growth

Very High Risk

1.0%1.0%₹1298.21 Cr17.4%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth

Low Risk

-0.0%₹32.81 Cr7.3%
HDFC FMP 1204D December 2022 (47) Direct Growth

Low to Moderate Risk

--₹51.24 Cr7.6%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth

Low to Moderate Risk

-0.0%₹76.38 Cr7.9%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹316.54 Cr7.8%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth

Moderate Risk

-0.0%₹246.30 Cr8.0%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

-0.0%--
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹32.24 Cr8.3%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth

Low Risk

-0.0%₹161.40 Cr7.4%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹460.64 Cr8.4%
HDFC FMP 2638D February 2023 (47) Direct Growth

Moderate Risk

-0.0%₹151.02 Cr10.0%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

----
HDFC Balanced Advantage Fund Direct Growth

Very High Risk

0.8%1.0%₹90374.53 Cr10.1%
HDFC Hybrid Equity Fund Direct Growth

Very High Risk

1.1%1.0%₹22130.68 Cr8.5%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth

High Risk

0.2%0.0%₹46.78 Cr7.0%
HDFC Small Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹28119.87 Cr4.5%
HDFC Housing Opportunities Fund Direct Growth

Very High Risk

1.3%1.0%₹1165.41 Cr3.6%
HDFC Large and Mid Cap Fund Direct Growth

Very High Risk

1.0%1.0%₹21526.58 Cr9.8%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹686.96 Cr10.0%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1343.35 Cr7.9%
HDFC Business Cycle Fund Direct Growth

Very High Risk

0.9%1.0%₹2639.70 Cr5.6%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹349.89 Cr5.6%
HDFC Credit Risk Debt Fund Direct Growth

High Risk

1.0%1.0%₹7231.28 Cr8.6%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹196.41 Cr8.1%
HDFC Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹5806.86 Cr8.5%
HDFC Banking & Financial Services Fund Direct Growth

Very High Risk

1.0%1.0%₹3478.38 Cr13.3%
HDFC Non-Cyclical Consumer Fund Direct Growth

Very High Risk

1.1%1.0%₹824.61 Cr12.3%
HDFC Asset Allocator Fund of Funds Direct Growth

High Risk

0.1%1.0%₹3524.91 Cr13.2%
HDFC Gold Fund Direct Growth

High Risk

0.2%1.0%₹3303.23 Cr30.5%
HDFC Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹2961.38 Cr9.8%
HDFC Dynamic Debt Fund Direct Growth

Moderate Risk

0.8%0.0%₹779.54 Cr9.2%
HDFC Medium Term Debt Fund Direct Growth

Moderately High risk

0.7%0.0%₹3912.37 Cr8.9%
HDFC Income Fund Direct Growth

Moderate Risk

0.8%0.0%₹875.07 Cr9.3%
HDFC Infrastructure Fund Direct Growth

Very High Risk

1.0%1.0%₹2104.89 Cr6.5%
HDFC Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹68215.48 Cr7.3%
HDFC Corporate Bond Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹31898.00 Cr8.9%
HDFC Mid-Cap Opportunities Fund Direct Growth

Very High Risk

0.8%1.0%₹67578.59 Cr12.6%
HDFC Hybrid Debt Fund Direct Growth

Moderately High risk

1.1%1.0%₹3255.97 Cr8.8%
HDFC TaxSaver Direct Growth

Very High Risk

1.1%0.0%₹14671.37 Cr14.3%
HDFC Multi - Asset Fund Direct Growth

High Risk

0.8%1.0%₹3837.22 Cr11.6%
HDFC Equity Savings Fund Direct Growth

Moderately High risk

0.9%1.0%₹5460.36 Cr7.2%
HDFC Short Term Debt Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹14390.68 Cr8.7%
HDFC Top 100 Fund Direct Growth

Very High Risk

1.0%1.0%₹33913.31 Cr6.6%
HDFC S&P BSE 500 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹189.63 Cr6.5%
HDFC Nifty Midcap 150 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹260.49 Cr8.4%
HDFC Dividend Yield Fund Direct Growth

Very High Risk

0.8%1.0%₹5511.70 Cr6.6%
HDFC Low Duration Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹18611.34 Cr8.1%
HDFC Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹18053.77 Cr7.8%
HDFC Capital Builder Value Fund Direct Growth

Very High Risk

1.1%1.0%₹6400.46 Cr11.3%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk

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The NAV of HDFC Money Market Fund Direct Growth, as of 27-Mar-2025, is ₹5705.15.
The fund has generated 7.84% over the last 1 year and 7.05% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 15.76% in bonds, and 84.00% in cash and cash equivalents.
The fund managers responsible for HDFC Money Market Fund Direct Growth are:-
  1. Praveen Jain
  2. Dhruv Muchhal

Fund Overview

Fund Size

Fund Size

₹27,930 Cr

Expense Ratio

Expense Ratio

0.23%

ISIN

ISIN

INF179KB1HU9

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk

About this fund

HDFC Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹5705.15, Assets Under Management (AUM) of 27929.77 Crores, and an expense ratio of 0.23%.
  • HDFC Money Market Fund Direct Growth has given a CAGR return of 7.34% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 15.76% in debts, and 84.00% in cash & cash equivalents.
  • You can start investing in HDFC Money Market Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.84%

+6.60% (Cat Avg.)

3 Years

+7.05%

+6.33% (Cat Avg.)

5 Years

+6.25%

+5.76% (Cat Avg.)

10 Years

+6.93%

+5.73% (Cat Avg.)

Since Inception

+7.34%

(Cat Avg.)

Portfolio Summaryas of 15th March 2025

Debt4,401.01 Cr15.76%
Others23,528.76 Cr84.24%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Treps - Tri-Party RepoCash - Repurchase Agreement1,278.99 Cr4.58%
National Bank for Agriculture and Rural DevelopmentBond - Gov't Agency Debt859.69 Cr3.08%
Punjab National BankCash - CD/Time Deposit776.65 Cr2.78%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit722.25 Cr2.59%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit704.13 Cr2.52%
LIC Housing Finance LimitedCash - Commercial Paper699.97 Cr2.51%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit564.04 Cr2.02%
Union Bank Of IndiaCash - CD/Time Deposit562.55 Cr2.01%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit561.43 Cr2.01%
Bank Of BarodaCash - CD/Time Deposit517.08 Cr1.85%
Export-Import Bank Of IndiaCash - Commercial Paper515.82 Cr1.85%
Canara BankCash - CD/Time Deposit472.51 Cr1.69%
Axis Bank LimitedCash - CD/Time Deposit470.61 Cr1.68%
IDFC First Bank LimitedCash - CD/Time Deposit469.16 Cr1.68%
Indusind Bank LimitedCash - CD/Time Deposit468.8 Cr1.68%
IDBI Bank LimitedCash - CD/Time Deposit465.67 Cr1.67%
Bank of BarodaBond - Corporate Bond465.22 Cr1.67%
India (Republic of)Bond - Short-term Government Bills423.26 Cr1.52%
Bank Of IndiaCash - CD/Time Deposit421.3 Cr1.51%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit421.15 Cr1.51%
Tata Teleservices (Maharashtra) LtdCash - Commercial Paper379.47 Cr1.36%
Indusind Bank LimitedCash - CD/Time Deposit379.18 Cr1.36%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit378.85 Cr1.36%
Union Bank Of IndiaCash - CD/Time Deposit378.08 Cr1.35%
Union Bank Of IndiaCash - CD/Time Deposit375.47 Cr1.34%
Axis Bank LimitedCash - CD/Time Deposit374.34 Cr1.34%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit373.68 Cr1.34%
Union Bank Of IndiaCash - CD/Time Deposit373.06 Cr1.34%
The Federal Bank LimitedCash - CD/Time Deposit313.07 Cr1.12%
5.22% Govt Stock 2025Bond - Gov't/Treasury298.98 Cr1.07%
182 DTB 27062025Bond - Gov't/Treasury294.61 Cr1.05%
Indian BankCash - CD/Time Deposit284.34 Cr1.02%
Bank Of IndiaCash - CD/Time Deposit284.17 Cr1.02%
364 Days Tbill Mat 200226Bond - Gov't/Treasury282.83 Cr1.01%
India (Republic of)Bond - Short-term Government Bills281.84 Cr1.01%
Canara BankCash - CD/Time Deposit281.73 Cr1.01%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit281.41 Cr1.01%
Bank Of IndiaCash - CD/Time Deposit281.09 Cr1.01%
Canara BankCash - CD/Time Deposit280.96 Cr1.01%
Punjab National BankCash - CD/Time Deposit274.03 Cr0.98%
Bharti Telecom LimitedCash - Commercial Paper239.78 Cr0.86%
The Federal Bank LimitedCash - CD/Time Deposit239.34 Cr0.86%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit236.97 Cr0.85%
The Federal Bank LimitedCash - CD/Time Deposit236.72 Cr0.85%
364 Days Tbill Red 05-02-2026Bond - Gov't/Treasury236.28 Cr0.85%
364 DTB 12022026Bond - Gov't/Treasury236 Cr0.84%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit233.93 Cr0.84%
Au Small Finance Bank LimitedCash - CD/Time Deposit233.49 Cr0.84%
Muthoot Fincorp LimitedCash - Commercial Paper214.61 Cr0.77%
Credila Financial Services LimitedCash - Commercial Paper212.15 Cr0.76%
Birla Group Holdings Private LimitedCash - Commercial Paper199.83 Cr0.72%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit190.48 Cr0.68%
Bank Of BarodaCash - CD/Time Deposit188.14 Cr0.67%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit188.08 Cr0.67%
Tata Capital LimitedCash - Commercial Paper187.75 Cr0.67%
Union Bank Of IndiaCash - CD/Time Deposit187.59 Cr0.67%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit186.74 Cr0.67%
Credila Financial Services LimitedCash - Commercial Paper186.61 Cr0.67%
ICICI Securities LimitedCash - Commercial Paper185.9 Cr0.67%
Muthoot Fincorp LimitedCash - Commercial Paper185.02 Cr0.66%
Net Current AssetsCash175.38 Cr0.63%
Sharekhan LimitedCash - Commercial Paper147.1 Cr0.53%
The Federal Bank LimitedCash - CD/Time Deposit145.58 Cr0.52%
Union Bank Of IndiaCash - CD/Time Deposit142.15 Cr0.51%
Union Bank Of IndiaCash - CD/Time Deposit142 Cr0.51%
Julius Baer Capital (India) Private LimitedCash - Commercial Paper141.77 Cr0.51%
IDBI Bank LimitedCash - CD/Time Deposit140.45 Cr0.50%
Hero Fincorp LimitedCash - Commercial Paper139.89 Cr0.50%
Standard Chartered Capital LimitedCash - Commercial Paper139.87 Cr0.50%
Punjab National BankCash - CD/Time Deposit118.3 Cr0.42%
182 DTB 19062025Bond - Gov't/Treasury98.34 Cr0.35%
LIC Housing Finance LtdCash - Commercial Paper96.32 Cr0.34%
0% Goi - 16dec25 StripsBond - Gov't/Treasury95.79 Cr0.34%
Tata Capital Housing Finance LimitedCash - Commercial Paper95.76 Cr0.34%
08.24 AP Sdl 2025Bond - Gov't/Treasury95.64 Cr0.34%
Sharekhan LimitedCash - Commercial Paper95.02 Cr0.34%
Indusind Bank Ltd.Cash - CD/Time Deposit94.66 Cr0.34%
Bahadur Chand Investments Private LimitedCash - Commercial Paper94.54 Cr0.34%
Muthoot Finance LimitedCash - Commercial Paper94.52 Cr0.34%
Hero Fincorp LimitedCash - Commercial Paper94.52 Cr0.34%
Standard Chartered Capital LimitedCash - Commercial Paper94.38 Cr0.34%
Igh Holdings Private LimitedCash - Commercial Paper94.34 Cr0.34%
Indian BankCash - CD/Time Deposit94.15 Cr0.34%
Bahadur Chand Investments Private LimitedCash - Commercial Paper93.95 Cr0.34%
Tata Capital LimitedCash - Commercial Paper93.84 Cr0.34%
Punjab And Sind BankCash - CD/Time Deposit93.78 Cr0.34%
ICICI Securities LimitedCash - Commercial Paper93.61 Cr0.34%
Muthoot Finance LimitedCash - Commercial Paper93.55 Cr0.33%
Julius Baer Capital (India) Private LimitedCash - Commercial Paper93.48 Cr0.33%
Standard Chartered Capital LimitedCash - Commercial Paper93.47 Cr0.33%
Muthoot Finance LimitedCash - Commercial Paper93.29 Cr0.33%
Birla Group Holdings Private LimitedCash - Commercial Paper93.22 Cr0.33%
Bahadur Chand Investments Private LimitedCash - Commercial Paper93.21 Cr0.33%
Hero Fincorp LimitedCash - Commercial Paper93.18 Cr0.33%
Infina Finance Private LimitedCash - Commercial Paper93.01 Cr0.33%
Standard Chartered Capital LimitedCash - Commercial Paper92.92 Cr0.33%
Goi 19.09.2025 GovBond - Gov't/Treasury85.12 Cr0.30%
Sundaram Home Finance LimitedCash - Commercial Paper73.53 Cr0.26%
Indian BankCash - CD/Time Deposit70.44 Cr0.25%
Deutsche Investments India Private LimitedCash - Commercial Paper70.21 Cr0.25%
Infina Finance Private LimitedCash - Commercial Paper70.12 Cr0.25%
Birla Group Holdings Private LimitedCash - Commercial Paper70.03 Cr0.25%
Corporate Debt Market Development FundMutual Fund - Open End68.32 Cr0.24%
08.53 Tn SDL 2026Bond - Gov't/Treasury61.04 Cr0.22%
Goi 12.09.2025 GovBond - Gov't/Treasury60.21 Cr0.22%
Goi 15.12.2025 GovBond - Gov't/Treasury58.29 Cr0.21%
Gs CG 12/12/2025 - (Strips) TbBond - Gov't/Treasury58.05 Cr0.21%
08.28 KA Sdl 2026Bond - Gov't/Treasury50.75 Cr0.18%
08.12 MH Sdl 2025Bond - Gov't/Treasury50.43 Cr0.18%
Goi Strips 06092025Bond - Gov't/Treasury48.31 Cr0.17%
Hero Housing Finance LimitedCash - Commercial Paper48.08 Cr0.17%
Axis Bank LimitedCash - CD/Time Deposit47.58 Cr0.17%
Hero Fincorp LimitedCash - Commercial Paper47.47 Cr0.17%
The Federal Bank LimitedCash - CD/Time Deposit46.97 Cr0.17%
Muthoot Finance Ltd.Bond - Corporate Bond46.32 Cr0.17%
Birla Group Holdings Private LimitedCash - Commercial Paper46.31 Cr0.17%
GS CG 22/8/2025 - (STRIPS) StripsBond - Gov't/Treasury44.3 Cr0.16%
Goi 22.10.2025 StripsBond - Gov't/Treasury41.87 Cr0.15%
Gs CG 19/12/2025 - (Strips) TbBond - Gov't/Treasury33.95 Cr0.12%
06.69 MP Sdl 2025Bond - Gov't/Treasury30 Cr0.11%
08.27 Tn SDL 2026Bond - Gov't/Treasury25.31 Cr0.09%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper24.48 Cr0.09%
Indusind Bank LimitedCash - CD/Time Deposit24.2 Cr0.09%
Mankind Pharma LimitedCash - Commercial Paper23.88 Cr0.09%
IDFC First Bank LimitedCash - CD/Time Deposit23.74 Cr0.09%
GS CG 17/12/2025 - (STRIPS) StripsBond - Gov't/Treasury18.49 Cr0.07%
08.49 Tn SDL 2026Bond - Gov't/Treasury15.23 Cr0.05%
05.95 Tn SDL 2025Bond - Gov't/Treasury14.98 Cr0.05%
06.18 GJ Sdl 2026 25 JanBond - Gov't/Treasury14.94 Cr0.05%
08.24 KL Sdl 2025Bond - Gov't/Treasury10.02 Cr0.04%
GOI 17.06.2025 GOVBond - Gov't/Treasury9.84 Cr0.04%
08.27 GJ Sdl 2026Bond - Gov't/Treasury5.06 Cr0.02%
08.16 KA Sdl 2025Bond - Gov't/Treasury5.05 Cr0.02%
Goi Strips - Mat 100525Bond - Gov't/Treasury4.95 Cr0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit15,816.32 Cr56.63%
Cash - Commercial Paper6,129.8 Cr21.95%
Bond - Gov't/Treasury2,384.64 Cr8.54%
Cash - Repurchase Agreement1,278.99 Cr4.58%
Bond - Gov't Agency Debt859.69 Cr3.08%
Bond - Short-term Government Bills705.1 Cr2.52%
Bond - Corporate Bond511.54 Cr1.83%
Cash175.38 Cr0.63%
Mutual Fund - Open End68.32 Cr0.24%

Risk & Performance Ratios

Standard Deviation

This fund

0.45%

Cat. avg.

0.62%

Lower the better

Sharpe Ratio

This fund

1.40

Cat. avg.

-0.03

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.26

Higher the better

Fund Managers

PJ

Praveen Jain

Since August 2024

DM

Dhruv Muchhal

Since June 2023

Additional Scheme Detailsas of 15th March 2025

ISIN
INF179KB1HU9
Expense Ratio
0.23%
Exit Load
No Charges
Fund Size
₹27,930 Cr
Age
12 years 2 months
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
Nifty Money Market TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Money Market Funds

Fund nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.8%0.0%₹1378.11 Cr7.0%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹197.96 Cr7.5%
Union Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹197.96 Cr6.7%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹88.71 Cr7.6%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.5%0.0%₹88.71 Cr7.4%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹19.94 Cr6.4%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹19.94 Cr5.9%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹26845.19 Cr7.7%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹2599.25 Cr7.7%
HDFC Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27929.77 Cr7.7%

About the AMC

HDFC Mutual Fund

HDFC Mutual Fund

Total AUM

₹7,38,172 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
HDFC Pharma and Healthcare Fund Direct Growth

Very High Risk

0.9%1.0%₹1468.68 Cr32.8%
HDFC Technology Fund Direct Growth

Very High Risk

1.0%1.0%₹1298.21 Cr17.4%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth

Low Risk

-0.0%₹32.81 Cr7.3%
HDFC FMP 1204D December 2022 (47) Direct Growth

Low to Moderate Risk

--₹51.24 Cr7.6%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth

Low to Moderate Risk

-0.0%₹76.38 Cr7.9%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹316.54 Cr7.8%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth

Moderate Risk

-0.0%₹246.30 Cr8.0%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

-0.0%--
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹32.24 Cr8.3%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth

Low Risk

-0.0%₹161.40 Cr7.4%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹460.64 Cr8.4%
HDFC FMP 2638D February 2023 (47) Direct Growth

Moderate Risk

-0.0%₹151.02 Cr10.0%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

----
HDFC Balanced Advantage Fund Direct Growth

Very High Risk

0.8%1.0%₹90374.53 Cr10.1%
HDFC Hybrid Equity Fund Direct Growth

Very High Risk

1.1%1.0%₹22130.68 Cr8.5%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth

High Risk

0.2%0.0%₹46.78 Cr7.0%
HDFC Small Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹28119.87 Cr4.5%
HDFC Housing Opportunities Fund Direct Growth

Very High Risk

1.3%1.0%₹1165.41 Cr3.6%
HDFC Large and Mid Cap Fund Direct Growth

Very High Risk

1.0%1.0%₹21526.58 Cr9.8%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹686.96 Cr10.0%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1343.35 Cr7.9%
HDFC Business Cycle Fund Direct Growth

Very High Risk

0.9%1.0%₹2639.70 Cr5.6%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹349.89 Cr5.6%
HDFC Credit Risk Debt Fund Direct Growth

High Risk

1.0%1.0%₹7231.28 Cr8.6%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹196.41 Cr8.1%
HDFC Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹5806.86 Cr8.5%
HDFC Banking & Financial Services Fund Direct Growth

Very High Risk

1.0%1.0%₹3478.38 Cr13.3%
HDFC Non-Cyclical Consumer Fund Direct Growth

Very High Risk

1.1%1.0%₹824.61 Cr12.3%
HDFC Asset Allocator Fund of Funds Direct Growth

High Risk

0.1%1.0%₹3524.91 Cr13.2%
HDFC Gold Fund Direct Growth

High Risk

0.2%1.0%₹3303.23 Cr30.5%
HDFC Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹2961.38 Cr9.8%
HDFC Dynamic Debt Fund Direct Growth

Moderate Risk

0.8%0.0%₹779.54 Cr9.2%
HDFC Medium Term Debt Fund Direct Growth

Moderately High risk

0.7%0.0%₹3912.37 Cr8.9%
HDFC Income Fund Direct Growth

Moderate Risk

0.8%0.0%₹875.07 Cr9.3%
HDFC Infrastructure Fund Direct Growth

Very High Risk

1.0%1.0%₹2104.89 Cr6.5%
HDFC Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹68215.48 Cr7.3%
HDFC Corporate Bond Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹31898.00 Cr8.9%
HDFC Mid-Cap Opportunities Fund Direct Growth

Very High Risk

0.8%1.0%₹67578.59 Cr12.6%
HDFC Hybrid Debt Fund Direct Growth

Moderately High risk

1.1%1.0%₹3255.97 Cr8.8%
HDFC TaxSaver Direct Growth

Very High Risk

1.1%0.0%₹14671.37 Cr14.3%
HDFC Multi - Asset Fund Direct Growth

High Risk

0.8%1.0%₹3837.22 Cr11.6%
HDFC Equity Savings Fund Direct Growth

Moderately High risk

0.9%1.0%₹5460.36 Cr7.2%
HDFC Short Term Debt Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹14390.68 Cr8.7%
HDFC Top 100 Fund Direct Growth

Very High Risk

1.0%1.0%₹33913.31 Cr6.6%
HDFC S&P BSE 500 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹189.63 Cr6.5%
HDFC Nifty Midcap 150 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹260.49 Cr8.4%
HDFC Dividend Yield Fund Direct Growth

Very High Risk

0.8%1.0%₹5511.70 Cr6.6%
HDFC Low Duration Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹18611.34 Cr8.1%
HDFC Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹18053.77 Cr7.8%
HDFC Capital Builder Value Fund Direct Growth

Very High Risk

1.1%1.0%₹6400.46 Cr11.3%

Still got questions?
We're here to help.

The NAV of HDFC Money Market Fund Direct Growth, as of 27-Mar-2025, is ₹5705.15.
The fund has generated 7.84% over the last 1 year and 7.05% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 15.76% in bonds, and 84.00% in cash and cash equivalents.
The fund managers responsible for HDFC Money Market Fund Direct Growth are:-
  1. Praveen Jain
  2. Dhruv Muchhal
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