Bandhan Money Market Fund vs Groww Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Money Market Fund and Groww Money Market Fund are both Money Market funds. Bandhan Money Market Fund charges 0.11% a year and Groww Money Market Fund 0.25% (Direct plans). Their portfolios overlap 5.8%: they hold 6 of the same securities.
Which is better, Bandhan Money Market or Groww 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.
- Bandhan Money Market costs less: 0.11% a year against 0.25% (Direct plans).
- Groww Money Market fell less in its worst fall since 20-11-2025: −0.1% against −0.2%.
- Bandhan Money Market is the larger fund: ₹13,129 Cr against ₹79 Cr.
- Their portfolios overlap 5.8%: 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 | Bandhan Money Market Fund | Groww Money Market Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Groww Mutual Fund |
| Category | Money Market | Money Market |
| AUM | ₹13,129 Cr (30-09-2026) | ₹79 Cr (30-09-2026) |
| NAV | ₹47.54 (Direct) | ₹10.55 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.25% |
| Expense ratio (Regular) | 0.36% | 0.86% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Money Market Index A-I | CRISIL Money Market A-I Index |
| Launch date | 18-02-2003 | 19-11-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Brijesh Shah, Gautam Kaul | Kaustubh Sule, Wilfred Gonsalves, amp, Dealer-Fixed Income) |
| Exit load | Nil | Nil |
Bandhan Money Market vs Groww 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Money Market Fund (Direct) | +0.33% | +1.52% | +3.31% | +6.46% | +7.34% | +6.72% | +6.47% |
| Groww Money Market Fund (Direct) | +0.38% | +1.47% | +3.14% | -- | -- | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
Category average: the average of the 27 Money Market funds, same plan type.
Bandhan Money Market vs Groww Money Market: Year-wise Returns
| Year | BandhanBandhan Money Market | GrowwGroww Money Market |
|---|---|---|
| 2026to date | +5.36% | +4.80% |
| 2025 | +7.60% | -- |
| 2024 | +7.84% | -- |
| 2023 | +7.43% | -- |
| 2022 | +4.74% | -- |
| 2021 | +3.64% | -- |
Bandhan Money Market vs Groww Money Market: Rolling Returns
Every holding period of both funds
Bandhan Money Market vs Groww Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Money Market Fund (Direct) | Groww Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +5.83% |
| Standard deviation | 0.59% | 0.40% |
| Sharpe ratio | 1.95 | 1.47 |
| Sortino ratio | 3.53 | 2.43 |
| Maximum drawdown | −1.3% (24-03-2020) | −0.1% (08-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Bandhan Money Market Fund (Direct)
Groww Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 31-05-2026 | 9 days | 0.0% |
| Groww Money Market Fund (Direct) | −0.1% | 06-07-2026 | 08-07-2026 | 13-07-2026 | 5 days | 0.0% |
From daily values since 20-11-2025, the first day every fund has.
Bandhan Money Market vs Groww Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Money Market Fund, September 2026; Groww Money Market Fund, September 2026
Holdings in common
- Overlap
- 5.8%
- Held by both
- 6
- Only in Bandhan Money Market
- 93
- Only in Groww Money Market
- 13
| Security | % of Bandhan Money Market | % of Groww Money Market |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.24% | 4.99% |
| National Bank For Agriculture and Rural Development | 1.66% | 2.47% |
| Small Industries Dev Bank of India | 1.49% | 3.11% |
| Bank of Baroda | 0.19% | 5.63% |
| Corporate Debt Market Development Fund Class A2 | 0.31% | 0.16% |
| Axis Bank Limited | 0.11% | 6.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.8% means 5.8% 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 Bandhan Money Market Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 4.46% |
| Bank of Baroda | 4.09% |
| HDFC Bank Limited | 3.52% |
| Small Industries Dev Bank of India | 2.61% |
| Punjab National Bank | 2.59% |
Largest holdings only in Groww Money Market Fund
| Security | % of fund |
|---|---|
| EXIM Bank 04-DEC-2026 | 6.30% |
| Canara Bank 04-DEC-2026 | 6.30% |
| Reliance Retail Ventures Ltd 11-DEC-2026 | 6.29% |
| Bajaj Financial Securities Ltd 10-DEC-2026 | 6.28% |
| HDFC Bank Limited 21-DEC-2026 | 6.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Money Market | Groww Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.4% | 82.7% |
| Cash and others | 2.6% | 17.3% |
Bandhan Money Market vs Groww Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Money Market Fund | Groww Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.25% |
| Base expense ratio (Direct) | 0.09% | 0.20% |
| Total expense ratio (Regular) | 0.36% | 0.86% |
| Base expense ratio (Regular) | 0.30% | 0.74% |
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 Bandhan Money Market with
Bandhan Money Market Fund vs Groww Money Market Fund: Frequently Asked Questions
What is the difference between Bandhan Money Market Fund and Groww Money Market Fund?
Both are Money Market funds, run by Bandhan Mutual Fund and Groww Mutual Fund. Their portfolios overlap 5.8%. Bandhan Money Market Fund charges 0.11% a year and Groww Money Market Fund 0.25%.
Which has the lower expense ratio, Bandhan Money Market Fund or Groww Money Market Fund?
Bandhan Money Market Fund charges less: 0.11% a year against 0.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Money Market Fund and Groww Money Market Fund overlap?
5.8%. They hold 6 of the same securities, the largest shared ones being Kotak Mahindra Bank Limited, National Bank For Agriculture and Rural Development, Small Industries Dev Bank of India. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Money Market Fund or Groww Money Market Fund?
On SEBI's riskometer, Bandhan Money Market Fund is rated Low to Moderate and Groww Money Market Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.59% and 0.40% a year.
Can I invest in both Bandhan Money Market Fund and Groww Money Market Fund?
Yes. 5.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan Money Market Fund and Groww Money Market Fund?
Bandhan Money Market Fund: Brijesh Shah, Gautam Kaul. Groww Money Market Fund: Kaustubh Sule, Wilfred Gonsalves, amp, Dealer-Fixed Income).
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.