MonitorDirect · GrowthWatch before adding
Tata Money Market Fund
Tata Mutual FundDebt Scheme - Money Market Fund13.8 years
The scheme seeks to generate returns with reasonable liquidity to the unit holders by investing in money market instruments.
- NAV
- 5,239.2056
- 29 Oct 2026
- 1Y
- +6.4%
- Trailing CAGR
- AUM
- ₹34,511.28 Cr
- 31 Aug 2026
- Volatility
- Low
- 1.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Bank of India 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
0.18% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -6.6%. Ask whether you can hold through a similar fall.
Vs category
Watch
41% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Harsh Dave · 0.4 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 ≈ 31.8% 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+6.4%
- 3Y+7.4%
- 5Y+6.9%
- 10Y+6.0%
- SI+6.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.6%
- 3Y+7.1%
- 5Y+7.2%
- 10Y+6.5%
- Since inception
- +6.8%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +41%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +7.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.1%
- 2903 daily-ending windows
- Median rolling 3Y
- +6.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2173 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -6.6%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +10%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 8 days
- 60 recovered episodes
- Longest recovery
- 274 days
- Trough to prior peak
7 Sept 2018 – 30 Jul 2019
Trough 29 Oct 2018 · recovered in 274 days
-6.6%
11 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.3%
23 Apr 2020 – 8 May 2020
Trough 29 Apr 2020 · recovered in 9 days
-0.3%
2 May 2022 – 31 May 2022
Trough 6 May 2022 · recovered in 25 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
51
Consistency
47
Risk-adjusted
23
Drawdown
84
Mean
61
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
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 94 holdings · top 10 are 31.8%.
- Top 5
- 17.6%
- Top 10
- 31.8%
- Largest holding
- 4.3%
- Effective holdings
- 51.4
Repo
Unspecified
4.3%
HDFC BANK LIMITED CD 05MAR27
Financial
3.6%
KOTAK MAHINDRA BANK LIMITED CD 04FEB27
Financial
3.4%
YES BANK LIMITED CD 05MAR27
Financial
3.2%
GOVERNMENT OF INDIA 37862 182 DAYS TBILL 26FB27 FV RS 100
Financial
3.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bank of India Money Market Fund
Bank of India Mutual Fund
- 1Y
- +6.4%
- 3Y
- n/a
- Vol
- 0.5%
- Max DD
- -0.2%
- Sharpe
- 2.18
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Franklin India Money Market Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 2.50
- 3Y win
- +70%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
UTI - Money Market Fund
UTI Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.8%
- Sharpe
- 0.53
- 3Y win
- +56%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Nippon India Money Market Fund
Nippon India Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.9%
- Sharpe
- 1.60
- 3Y win
- +67%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Edelweiss Money Market Fund
Edelweiss Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 1.8%
- Max DD
- -2.2%
- Sharpe
- 0.41
- 3Y win
- +43%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns