Two funds walk into a table. Only the numbers talk.
SBI Money Market Fund vs Tata Money Market Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- ASBI Money Market Fund
SBI Mutual Fund- Money Market Fund
- Direct plan
- Low to Moderate Risk
NAV ₹48.48 on 13 Nov 2026
- BTata Money Market Fund
Tata Mutual Fund- Money Market Fund
- Direct plan
- Moderate Risk
NAV ₹5,259.94 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 10 years all of them have been around.
Grew faster
ASBI Money Market Fund
SBI Money Market Fund returned 6.7% a year over 10 years, against 6% for Tata Money Market Fund. ₹1 lakh invested 10 years ago would be about ₹1.92 Lakh today, against ₹1.8 Lakh.
Fell less in a crash
ASBI Money Market Fund
At its worst, SBI Money Market Fund fell 1% from its peak, against 6.6% for Tata Money Market Fund. On ₹1 lakh, that's a dip to ₹93,432 at the bottom for Tata Money Market Fund. Could you have held on?
Costs less
BTata Money Market Fund
Tata Money Market Fund charges 0.18% a year, against 0.26% for SBI Money Market Fund. On ₹1 lakh that's ₹180 a year against ₹260, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- ASBI Money Market Fund₹13,840 from ₹10,000(6.7% a year)
- BTata Money Market Fund₹13,974 from ₹10,000(6.9% a year)
A one-time ₹10,000 put in 5 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
ASBI Money Market Fund
- Strength: Low cost: 0.26% a year
BTata Money Market Fund
- Strength: In the top quarter of its category over 5 years (#1 of 19)
- Strength: Low cost: 0.18% a year
- Watch out: Fell harder than its category in the worst crash
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | ASBI Money Market Fund | BTata Money Market Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 6.3%#24 of 25 · avg 6.5% | 6.6%Best#4 of 25 · avg 6.5% |
| 3 yearsPer year, over a full market mood swing | 7.3%#15 of 23 · avg 7.3% | 7.5%Best#1 of 23 · avg 7.3% |
| 5 yearsPer year, the fairest single test | 6.7%#11 of 19 · avg 6.7% | 6.9%Best#1 of 19 · avg 6.7% |
| 10 yearsPer year, across bull and bear markets | 6.7%Best#5 of 12 · avg 6.6% | 6%#12 of 12 · avg 6.6% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 0.4%Bestcategory avg 0.4% | 0.4%category avg 0.4% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −1%Bestcategory avg −0.9% | −6.6%category avg −0.9% |
| Best 12 monthsIts strongest year | 9% | 9.2%Best |
| Worst 12 monthsIts weakest year | 3.6%Best | -0.6% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 100%Best | 98% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.26% | 0.18%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹27,850 Cr | ₹31,690 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | ₹500 |
| Lock-inTime before you can withdraw | None | None |
| What it holdsWhere the money sits. Equity is shares, debt is bonds, cash is waiting to be invested. | ||
| In bondsDebt | 98.7% | – |
| In cashNot yet invested | 1% | – |
| HoldingsNumber of investments | 78 | – |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Top 10 holdings
Marked Both where another fund here holds it too.
ASBI Money Market Fund
- National Bank for Financing Infrastructure and Development5.5%
- 182 DAY T-BILL 24.12.265.3%
- LIC Housing Finance Ltd4.4%
- 182 DAY T-BILL 31.12.263.9%
- National Bank for Agriculture and Rural Development3.9%
- HDFC Bank Ltd3.8%
- Union Bank of India3.8%
- Punjab National Bank3.4%
- Jio Credit Ltd3.2%
- Punjab National Bank2.3%
As on 31 Oct 2026
BTata Money Market Fund
Holdings are not available for this fund yet.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
ASBI Money Market Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- a smoother ride matters more to you than the top return
BTata Money Market Fund
Might suit you if…
- you care about keeping costs low, which adds up over decades