Edelweiss Money Market Fund vs Tata Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Money Market Fund and Tata Money Market Fund are both Money Market funds. In the 3 years to 30-10-2026, Edelweiss Money Market Fund (Direct) returned 7.2% a year and Tata Money Market Fund (Direct) returned 7.4% a year. Edelweiss Money Market Fund charges 0.11% a year and Tata Money Market Fund 0.18% (Direct plans). Their portfolios overlap 8.7%: they hold 7 of the same securities.
Edelweiss Money Market Fund
Money Market
- 3 year return
- 7.2%
- Expense ratio
- 0.11%
- NAV
- ₹34.10
Tata Money Market Fund
Money Market
- 3 year return
- 7.4%
- Expense ratio
- 0.18%
- NAV
- ₹5,240.04
Which is better, Edelweiss Money Market or Tata 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.
- Tata Money Market returned more over 5 years: 6.9% a year against 6.5%.
- Tata Money Market returned more over 3 years: 7.4% a year against 7.2%.
- Edelweiss Money Market costs less: 0.11% a year against 0.18% (Direct plans).
- Tata Money Market swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Edelweiss Money Market fell less in its worst fall since 28-11-2016: −2.2% against −6.6%.
- Tata Money Market is the larger fund: ₹31,690 Cr against ₹2,065 Cr.
- Their portfolios overlap 8.7%: 7 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 | Edelweiss Money Market Fund | Tata Money Market Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Tata Mutual Fund |
| Category | Money Market | Money Market |
| AUM | ₹2,065 Cr (30-09-2026) | ₹31,690 Cr (30-09-2026) |
| NAV | ₹34.10 (Direct) | ₹5,240.04 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.18% |
| Expense ratio (Regular) | 0.67% | 0.40% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | CRISIL Money Market A-I Index | CRISIL Money Market A-I Index |
| Launch date | 27-06-2008 | 30-08-1998 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rahul Dedhia, Hetul Raval | Amit Somani, Harsh Dave |
| Exit load | Nil | NIL |
Edelweiss Money Market vs Tata 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Money Market Fund (Direct) | +0.33% | +1.52% | +3.32% | +6.40% | +7.24% | +6.52% | -- |
| Tata Money Market Fund (Direct) | +0.33% | +1.50% | +3.32% | +6.45% | +7.44% | +6.90% | +6.03% |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | +6.60% |
Category average: the average of the 27 Money Market funds, same plan type.
Edelweiss Money Market vs Tata Money Market: Year-wise Returns
| Year | EdelweissEdelweiss Money Market | TataTata Money Market |
|---|---|---|
| 2026to date | +5.26% | +5.37% |
| 2025 | +7.56% | +7.67% |
| 2024 | +7.71% | +8.00% |
| 2023 | +7.17% | +7.64% |
| 2022 | +4.25% | +5.06% |
| 2021 | +3.65% | +4.13% |
Edelweiss Money Market vs Tata Money Market: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,678 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.
Edelweiss Money Market Fund (Direct)
Tata 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Tata Money Market | 0.0 | 20.2 | 79.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.0% | 5.5% | 4.1% | 7.9% |
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.
Edelweiss Money Market vs Tata 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 28-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Money MarketEdelweiss Money Market Fund (Direct) | ₹12,00,000 | ₹16,98,592 | ₹4,98,592 | 6.8% |
| Tata Money MarketTata Money Market Fund (Direct) | ₹12,00,000 | ₹16,70,635 | ₹4,70,635 | 6.4% |
Edelweiss Money MarketEdelweiss Money Market Fund (Direct)
Tata Money MarketTata 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.
Edelweiss Money Market vs Tata Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Money Market Fund (Direct) | Tata Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.40% | +6.45% |
| Standard deviation | 0.51% | 0.50% |
| Sharpe ratio | 2.24 | 2.40 |
| Sortino ratio | 3.60 | 3.91 |
| Maximum drawdown | −0.1% (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 | Edelweiss Money Market Fund (Direct) | Tata Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +7.44% |
| Standard deviation | 0.42% | 0.42% |
| Sharpe ratio | 2.90 | 3.36 |
| Sortino ratio | 5.34 | 6.53 |
| Maximum drawdown | −0.1% (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 | Edelweiss Money Market Fund (Direct) | Tata Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.52% | +6.90% |
| Standard deviation | 0.41% | 0.40% |
| Sharpe ratio | 1.75 | 2.77 |
| Sortino ratio | 2.88 | 5.06 |
| 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 | Edelweiss Money Market Fund (Direct) | Tata Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.58% | +6.76% |
| Standard deviation | 1.72% | 1.72% |
| Sharpe ratio | 0.69 | 0.41 |
| Sortino ratio | 1.04 | 0.43 |
| Maximum drawdown | −2.2% (07-06-2018) | −6.6% (29-10-2018) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2016 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.
Edelweiss Money Market Fund (Direct)
Tata Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Money Market Fund (Direct) | −2.2% | 05-04-2018 | 07-06-2018 | 01-08-2018 | 55 days | 0.0% |
| Tata Money Market Fund (Direct) | −6.6% | 07-09-2018 | 29-10-2018 | 30-07-2019 | 9 months | 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.
Edelweiss Money Market Fund (Direct)
Tata 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.
Edelweiss Money Market Fund (Direct)
Tata 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.
Edelweiss Money Market Fund (Direct)
Tata Money Market Fund (Direct)
Edelweiss Money Market vs Tata Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Money Market Fund, September 2026; Tata Money Market Fund, September 2026
Holdings in common
- Overlap
- 8.7%
- Held by both
- 7
- Only in Edelweiss Money Market
- 27
- Only in Tata Money Market
- 78
| Security | % of Edelweiss Money Market | % of Tata Money Market |
|---|---|---|
| 182 DAYS TBILL RED 28-01-2027 | 2.38% | 2.63% |
| INDUSIND BANK LTD CD RED 22-01-2027 | 2.37% | 1.85% |
| FEDERAL BANK LTD CD RED 04-03-27 | 4.70% | 1.69% |
| NABARD CD RED 10-03-2027 | 2.35% | 1.53% |
| MOTILAL OSWAL FIN SER CP RED 28-01-2027 | 2.36% | 0.77% |
| SBI CDMDF--A2 | 0.34% | 0.32% |
| HDFC BANK CD RED 09-03-2027 | 7.05% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 8.7% means 8.7% 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 Edelweiss Money Market Fund
| Security | % of fund |
|---|---|
| NABARD CD RED 17-02-2027 | 7.08% |
| SIDBI CD RED 18-02-2027 | 7.07% |
| ICICI BANK CD RED 19-03-2027 | 5.87% |
| UNION BANK OF INDIA CD RED 19-01-2027 | 4.75% |
| BANK OF BARODA CD RED 08-03-27 | 3.53% |
Largest holdings only in Tata Money Market Fund
| Security | % of fund |
|---|---|
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 03/09/2027 | 5.75% |
| ** - KOTAK MAHINDRA BANK - CD - 04/02/2027 | 3.70% |
| ** - YES BANK LTD - CD - 05/03/2027 | 3.60% |
| ** - HDFC BANK LTD - CD - 05/03/2027 | 3.45% |
| ** TREASURY BILL 182 DAYS (26/02/2027) | 3.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Money Market | Tata Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.2% | 100.7% |
| Cash and others | 4.8% | -0.7% |
Edelweiss Money Market vs Tata Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Money Market Fund | Tata Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.18% |
| Base expense ratio (Direct) | 0.10% | 0.15% |
| Total expense ratio (Regular) | 0.67% | 0.40% |
| Base expense ratio (Regular) | 0.58% | 0.37% |
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 Edelweiss Money Market with
Edelweiss Money Market Fund vs Tata Money Market Fund: Frequently Asked Questions
What is the difference between Edelweiss Money Market Fund and Tata Money Market Fund?
Both are Money Market funds, run by Edelweiss Mutual Fund and Tata Mutual Fund. Their portfolios overlap 8.7%. Edelweiss Money Market Fund charges 0.11% a year and Tata Money Market Fund 0.18%.
Which has given higher returns, Edelweiss Money Market Fund or Tata Money Market Fund?
Over 1 year: Edelweiss Money Market Fund +6.40%, Tata Money Market Fund +6.45%. Over 3 years: Edelweiss Money Market Fund +7.24% a year, Tata Money Market Fund +7.44% a year. Over 5 years: Edelweiss Money Market Fund +6.52% a year, Tata Money Market Fund +6.90% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Money Market Fund or Tata Money Market Fund?
Edelweiss Money Market Fund charges less: 0.11% a year against 0.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Money Market Fund and Tata Money Market Fund overlap?
8.7%. They hold 7 of the same securities, the largest shared ones being 182 DAYS TBILL RED 28-01-2027, INDUSIND BANK LTD CD RED 22-01-2027, FEDERAL BANK LTD CD RED 04-03-27. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Money Market Fund or Tata Money Market Fund?
On SEBI's riskometer, Edelweiss Money Market Fund is rated Low to Moderate and Tata Money Market Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.42% and 0.42% a year.
Which is better for SIP, Edelweiss Money Market Fund or Tata Money Market Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,034 in Edelweiss Money Market Fund (XIRR 7.0% a year) and ₹7,33,625 in Tata Money Market Fund (XIRR 7.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Money Market Fund and Tata Money Market Fund?
Yes. 8.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Edelweiss Money Market Fund and Tata Money Market Fund?
Edelweiss Money Market Fund: Rahul Dedhia, Hetul Raval. Tata Money Market Fund: Amit Somani, Harsh Dave.
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.