MonitorDirect · GrowthWatch before adding
SBI Money Market Fund
SBI Mutual FundIncome/Debt Oriented Schemes - Money Market Fund13.8 years
The scheme seeks to provide the investors an opportunity to invest in money market instruments.
- NAV
- 48.3119
- 31 Oct 2026
- 1Y
- +6.2%
- Trailing CAGR
- AUM
- ₹27,850.34 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 31 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 95% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Bajaj Finserv Money Market Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.26% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
95% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Sankalp Anil Jain · 0.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 41.5% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.2%
- 3Y+7.2%
- 5Y+6.7%
- 10Y+6.7%
- SI+7.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.3%
- 3Y+6.9%
- 5Y+7.0%
- 10Y+6.6%
- Since inception
- +7.5%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +95%
- Windows beating the median
- 3Y percentile
- 33
- Vs comparable share classes
- SIP 3Y XIRR
- +6.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 2629 daily-ending windows
- Median rolling 3Y
- +7.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2145 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.0%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +7%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 100 recovered episodes
- Longest recovery
- 26 days
- Trough to prior peak
11 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.0%
2 May 2022 – 1 Jun 2022
Trough 6 May 2022 · recovered in 26 days
-0.3%
15 Jul 2013 – 19 Jul 2013
Trough 16 Jul 2013 · recovered in 3 days
-0.2%
6 Dec 2016 – 15 Dec 2016
Trough 8 Dec 2016 · recovered in 7 days
-0.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
33
Vs category
49
Consistency
86
Risk-adjusted
100
Drawdown
98
Mean
73
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- The fund beat the category median in 95% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 87 holdings · top 10 are 41.5%.
- Top 5
- 24.4%
- Top 10
- 41.5%
- Largest holding
- 6.5%
- Effective holdings
- 38.2
182 Days Tbill (MD 24/12/2026)
Financial
6.5%
ICICI BANK LIMITED CD 19MAR27
Financial
5.2%
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT CD 04MAR27
Financial
5.1%
LIC HOUSING FINANCE LTD 328D CP 11FEB27
Financial
4.0%
Net Current Assets
Unspecified
3.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Money Market Fund
Bajaj Finserv Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.5%
- Max DD
- -0.1%
- Sharpe
- 3.25
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC Money Market Fund
HSBC Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.2%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 3.26
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Mirae Asset Money Market Fund
Mirae Asset Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 1.61
- 3Y win
- +31%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Axis Money Market Fund
Axis Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.4%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 0.85
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Baroda BNP Paribas Money Market Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.2%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- -0.03
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns