Aditya Birla Sun Life Money Market Fund vs Edelweiss Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Money Market Fund and Edelweiss Money Market Fund are both Money Market funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Money Market Fund (Direct) returned 7.3% a year and Edelweiss Money Market Fund (Direct) returned 7.2% a year. Aditya Birla Sun Life Money Market Fund charges 0.22% a year and Edelweiss Money Market Fund 0.11% (Direct plans). Their portfolios overlap 3.5%: they hold 6 of the same securities.
Aditya Birla Sun Life Money Market Fund
Money Market
- 3 year return
- 7.3%
- Expense ratio
- 0.22%
- NAV
- ₹407.87
Edelweiss Money Market Fund
Money Market
- 3 year return
- 7.2%
- Expense ratio
- 0.11%
- NAV
- ₹34.10
Which is better, Aditya Birla Sun Life Money Market or Edelweiss Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Money Market returned more over 5 years: 6.8% a year against 6.5%.
- Aditya Birla Sun Life Money Market returned more over 3 years: 7.3% a year against 7.2%.
- Edelweiss Money Market costs less: 0.11% a year against 0.22% (Direct plans).
- Edelweiss Money Market swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Aditya Birla Sun Life Money Market fell less in its worst fall since 28-11-2016: −1.4% against −2.2%.
- Aditya Birla Sun Life Money Market is the larger fund: ₹26,943 Cr against ₹2,065 Cr.
- Their portfolios overlap 3.5%: 6 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Money Market Fund | Edelweiss Money Market Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Edelweiss Mutual Fund |
| Category | Money Market | Money Market |
| AUM | ₹26,943 Cr (30-09-2026) | ₹2,065 Cr (30-09-2026) |
| NAV | ₹407.87 (Direct) | ₹34.10 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.11% |
| Expense ratio (Regular) | 0.37% | 0.67% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | CRISIL Money Market A-I Index | CRISIL Money Market A-I Index |
| Launch date | 05-06-2003 | 27-06-2008 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Mohit Sharma, Kaustubh Gupta, Anuj Jain | Rahul Dedhia, Hetul Raval |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Money Market Fund (Direct) | +0.32% | +1.52% | +3.35% | +6.36% | +7.33% | +6.80% | +6.82% |
| Edelweiss Money Market Fund (Direct) | +0.33% | +1.52% | +3.32% | +6.40% | +7.24% | +6.52% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | -- |
Category average: the average of the 27 Money Market funds, same plan type.
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Money Market | EdelweissEdelweiss Money Market |
|---|---|---|
| 2026to date | +5.29% | +5.26% |
| 2025 | +7.53% | +7.56% |
| 2024 | +7.92% | +7.71% |
| 2023 | +7.56% | +7.17% |
| 2022 | +4.97% | +4.25% |
| 2021 | +3.95% | +3.65% |
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,679 of them, one for each trading day from 28-11-2019 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money Market Fund (Direct)
to
Jun 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.9% | 5.0% | 8.0% |
| Edelweiss Money Market | 0.0 | 15.8 | 84.2 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.3% | 4.4% | 9.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 28-11-2016. Past returns do not promise future returns.
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Money MarketAditya Birla Sun Life Money Market Fund (Direct) | ₹12,00,000 | ₹16,96,764 | ₹4,96,764 | 6.7% |
| Edelweiss Money MarketEdelweiss Money Market Fund (Direct) | ₹12,00,000 | ₹16,98,592 | ₹4,98,592 | 6.8% |
Aditya Birla Sun Life Money MarketAditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money MarketEdelweiss Money Market Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Money Market Fund (Direct) | Edelweiss Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.40% |
| Standard deviation | 0.54% | 0.51% |
| Sharpe ratio | 2.07 | 2.24 |
| Sortino ratio | 3.27 | 3.60 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Money Market Fund (Direct) | Edelweiss Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.33% | +7.24% |
| Standard deviation | 0.43% | 0.42% |
| Sharpe ratio | 3.05 | 2.90 |
| Sortino ratio | 5.61 | 5.34 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Money Market Fund (Direct) | Edelweiss Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.80% | +6.52% |
| Standard deviation | 0.40% | 0.41% |
| Sharpe ratio | 2.46 | 1.75 |
| Sortino ratio | 4.33 | 2.88 |
| Maximum drawdown | −0.3% (06-05-2022) | −0.3% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Money Market Fund (Direct) | Edelweiss Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +6.58% |
| Standard deviation | 0.54% | 1.72% |
| Sharpe ratio | 2.43 | 0.69 |
| Sortino ratio | 4.98 | 1.04 |
| Maximum drawdown | −1.4% (24-03-2020) | −2.2% (07-06-2018) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Money Market Fund (Direct) | −1.4% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Edelweiss Money Market Fund (Direct) | −2.2% | 05-04-2018 | 07-06-2018 | 01-08-2018 | 55 days | 0.0% |
From daily values since 28-11-2016, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money Market Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money Market Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Money Market Fund (Direct)
Edelweiss Money Market Fund (Direct)
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Money Market Fund, September 2026; Edelweiss Money Market Fund, September 2026
Holdings in common
- Overlap
- 3.5%
- Held by both
- 6
- Only in Aditya Birla Sun Life Money Market
- 150
- Only in Edelweiss Money Market
- 28
| Security | % of Aditya Birla Sun Life Money Market | % of Edelweiss Money Market |
|---|---|---|
| Motilal Oswal Financial Services Ltd. (28/01/2027) | 1.09% | 2.36% |
| Axis Bank Ltd. (12/02/2027) | 0.72% | 2.36% |
| Bank of Baroda (08/03/2027) | 0.72% | 3.53% |
| Punjab National Bank (10/02/2027) | 0.36% | 2.36% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.30% | 0.34% |
| Small Industries Development Bank of India (18/02/2027) | 0.27% | 7.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 3.5% means 3.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Money Market Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Ltd. (29/01/2027) | 5.17% |
| The Jammu & Kashmir Bank Ltd. (22/02/2027) | 3.61% |
| The Federal Bank Ltd. (18/02/2027) | 3.44% |
| State Government Securities (05/02/2027) | 2.95% |
| Yes Bank Ltd. (05/03/2027) | 2.61% |
Largest holdings only in Edelweiss Money Market Fund
| Security | % of fund |
|---|---|
| NABARD CD RED 17-02-2027 | 7.08% |
| HDFC BANK CD RED 09-03-2027 | 7.05% |
| ICICI BANK CD RED 19-03-2027 | 5.87% |
| UNION BANK OF INDIA CD RED 19-01-2027 | 4.75% |
| FEDERAL BANK LTD CD RED 04-03-27 | 4.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Money Market | Edelweiss Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 105.6% | 95.2% |
| Cash and others | -5.6% | 4.8% |
Aditya Birla Sun Life Money Market vs Edelweiss Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Money Market Fund | Edelweiss Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.11% |
| Base expense ratio (Direct) | 0.19% | 0.10% |
| Total expense ratio (Regular) | 0.37% | 0.67% |
| Base expense ratio (Regular) | 0.32% | 0.58% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Money Market with
Aditya Birla Sun Life Money Market Fund vs Edelweiss Money Market Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Money Market Fund and Edelweiss Money Market Fund?
Both are Money Market funds, run by Aditya Birla Sun Life Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 3.5%. Aditya Birla Sun Life Money Market Fund charges 0.22% a year and Edelweiss Money Market Fund 0.11%.
Which has given higher returns, Aditya Birla Sun Life Money Market Fund or Edelweiss Money Market Fund?
Over 1 year: Aditya Birla Sun Life Money Market Fund +6.36%, Edelweiss Money Market Fund +6.40%. Over 3 years: Aditya Birla Sun Life Money Market Fund +7.33% a year, Edelweiss Money Market Fund +7.24% a year. Over 5 years: Aditya Birla Sun Life Money Market Fund +6.80% a year, Edelweiss Money Market Fund +6.52% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Money Market Fund or Edelweiss Money Market Fund?
Edelweiss Money Market Fund charges less: 0.11% a year against 0.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Money Market Fund and Edelweiss Money Market Fund overlap?
3.5%. They hold 6 of the same securities, the largest shared ones being Motilal Oswal Financial Services Ltd. (28/01/2027), Axis Bank Ltd. (12/02/2027), Bank of Baroda (08/03/2027). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Money Market Fund or Edelweiss Money Market Fund?
On SEBI's riskometer, Aditya Birla Sun Life Money Market Fund is rated Moderate and Edelweiss Money Market Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.43% and 0.42% a year.
Which is better for SIP, Aditya Birla Sun Life Money Market Fund or Edelweiss Money Market Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,794 in Aditya Birla Sun Life Money Market Fund (XIRR 7.1% a year) and ₹7,29,034 in Edelweiss Money Market Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Money Market Fund and Edelweiss Money Market Fund?
Yes. 3.5% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Aditya Birla Sun Life Money Market Fund and Edelweiss Money Market Fund?
Aditya Birla Sun Life Money Market Fund: Mohit Sharma, Kaustubh Gupta, Anuj Jain. Edelweiss Money Market Fund: Rahul Dedhia, Hetul Raval.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.