Canara Robeco Ultra Short to Short Term Fund vs Groww Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Ultra Short to Short Term Fund is a Low Duration fund and Groww Money Market Fund is a Money Market fund. Canara Robeco Ultra Short to Short Term Fund charges 0.21% a year and Groww Money Market Fund 0.25% (Direct plans). Their portfolios overlap 11.1%: they hold 4 of the same securities.
Canara Robeco Ultra Short to Short Term Fund
Low Duration
- Expense ratio
- 0.21%
- NAV
- ₹46.89
Which is better, Canara Robeco Ultra Short to Short Term 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.
- Canara Robeco Ultra Short to Short Term costs less: 0.21% 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%.
- Canara Robeco Ultra Short to Short Term is the larger fund: ₹1,113 Cr against ₹79 Cr.
- Their portfolios overlap 11.1%: 4 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 | Canara Robeco Ultra Short to Short Term Fund | Groww Money Market Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Groww Mutual Fund |
| Category | Low Duration | Money Market |
| AUM | ₹1,113 Cr (30-09-2026) | ₹79 Cr (30-09-2026) |
| NAV | ₹46.89 (Direct) | ₹10.55 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.25% |
| Expense ratio (Regular) | 0.50% | 0.86% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Low Duration Debt A-I Index | CRISIL Money Market A-I Index |
| Launch date | 04-03-2005 | 19-11-2025 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Bhupesh Kalyani / Mr. Avnish Jain | Kaustubh Sule, Wilfred Gonsalves, amp, Dealer-Fixed Income) |
| Exit load | Nil | Nil |
Canara Robeco Ultra Short to Short Term 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 |
|---|---|---|---|---|---|---|---|
| Canara Robeco Ultra Short to Short Term Fund (Direct) | +0.18% | +1.19% | +3.02% | +5.83% | +7.10% | +6.45% | +6.53% |
| Groww Money Market Fund (Direct) | +0.38% | +1.47% | +3.14% | -- | -- | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
Category average: the average of the 25 Low Duration funds and the 27 Money Market funds, same plan type.
Canara Robeco Ultra Short to Short Term vs Groww Money Market: Year-wise Returns
| Year | Canara Robeco Ultra Short to Short TermCanara Robeco Ultra Short to Short Term | Groww Money MarketGroww Money Market |
|---|---|---|
| 2026to date | +4.83% | +4.80% |
| 2025 | +7.52% | -- |
| 2024 | +7.70% | -- |
| 2023 | +7.27% | -- |
| 2022 | +4.35% | -- |
| 2021 | +3.38% | -- |
Canara Robeco Ultra Short to Short Term vs Groww Money Market: Rolling Returns
Every holding period of both funds
Canara Robeco Ultra Short to Short Term vs Groww Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Ultra Short to Short Term Fund (Direct) | Groww Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +5.83% |
| Standard deviation | 0.68% | 0.40% |
| Sharpe ratio | 1.68 | 1.47 |
| Sortino ratio | 2.78 | 2.43 |
| Maximum drawdown | −1.4% (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.
Canara Robeco Ultra Short to Short Term 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 |
|---|---|---|---|---|---|---|
| Canara Robeco Ultra Short to Short Term Fund (Direct) | −0.2% | 11-05-2026 | 21-05-2026 | 29-05-2026 | 8 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.
Canara Robeco Ultra Short to Short Term vs Groww Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Ultra Short to Short Term Fund, September 2026; Groww Money Market Fund, September 2026
Holdings in common
- Overlap
- 11.1%
- Held by both
- 4
- Only in Canara Robeco Ultra Short to Short Term
- 33
- Only in Groww Money Market
- 15
| Security | % of Canara Robeco Ultra Short to Short Term | % of Groww Money Market |
|---|---|---|
| Union Bank of India (15/03/2027) | 4.79% | 4.69% |
| Small Industries Development Bank of India (04/02/2027) | 6.40% | 3.11% |
| HDFC Bank Ltd (21/12/2026) | 3.10% | 6.28% |
| CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2 | 0.35% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.1% means 11.1% 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 Canara Robeco Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 7.05% Kotak Mahindra Prime Ltd (10/04/2028) | 6.63% |
| 7.66% Bajaj Housing Finance Ltd (20/03/2028) | 4.46% |
| 6.90% LIC Housing Finance Ltd (17/09/2027) | 4.45% |
| 7.3763% BAJAJ FINANCE LTD 26-JUN-28 | 4.43% |
| Punjab National Bank (04/02/2027) | 4.39% |
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 Securities Limited 18-DEC-2026 | 6.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Ultra Short to Short Term | Groww Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.3% | 82.7% |
| Cash and others | 2.7% | 17.3% |
Canara Robeco Ultra Short to Short Term vs Groww Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Ultra Short to Short Term Fund | Groww Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.25% |
| Base expense ratio (Direct) | 0.18% | 0.20% |
| Total expense ratio (Regular) | 0.50% | 0.86% |
| Base expense ratio (Regular) | 0.43% | 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 Canara Robeco Ultra Short to Short Term with
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Canara Robeco Ultra Short to Short Term Fund vs Groww Money Market Fund: Frequently Asked Questions
What is the difference between Canara Robeco Ultra Short to Short Term Fund and Groww Money Market Fund?
Canara Robeco Ultra Short to Short Term Fund is a Low Duration fund, Groww Money Market Fund is a Money Market fund, run by Canara Robeco Mutual Fund and Groww Mutual Fund. Their portfolios overlap 11.1%. Canara Robeco Ultra Short to Short Term Fund charges 0.21% a year and Groww Money Market Fund 0.25%.
Which has the lower expense ratio, Canara Robeco Ultra Short to Short Term Fund or Groww Money Market Fund?
Canara Robeco Ultra Short to Short Term Fund charges less: 0.21% a year against 0.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Ultra Short to Short Term Fund and Groww Money Market Fund overlap?
11.1%. They hold 4 of the same securities, the largest shared ones being Union Bank of India (15/03/2027), Small Industries Development Bank of India (04/02/2027), HDFC Bank Ltd (21/12/2026). From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Ultra Short to Short Term Fund or Groww Money Market Fund?
On SEBI's riskometer, Canara Robeco Ultra Short to Short Term 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 0.68% and 0.40% a year.
Can I invest in both Canara Robeco Ultra Short to Short Term Fund and Groww Money Market Fund?
Yes. 11.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Ultra Short to Short Term Fund and Groww Money Market Fund?
Canara Robeco Ultra Short to Short Term Fund: Bhupesh Kalyani / Mr. Avnish Jain. 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.