Shriram Money Market Fund vs Tata Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Money Market Fund and Tata Money Market Fund are both Money Market funds. Shriram Money Market Fund charges 0.12% a year and Tata Money Market Fund 0.18% (Direct plans). Their portfolios overlap 0.9%: they hold 2 of the same securities.
Which is better, Shriram 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.
- Shriram Money Market costs less: 0.12% a year against 0.18% (Direct plans).
- Tata Money Market fell less in its worst fall since 28-01-2026: −0.1% against −0.2%.
- Tata Money Market is the larger fund: ₹31,690 Cr against ₹78 Cr.
- Their portfolios overlap 0.9%: 2 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 | Shriram Money Market Fund | Tata Money Market Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Tata Mutual Fund |
| Category | Money Market | Money Market |
| AUM | ₹78 Cr (30-09-2026) | ₹31,690 Cr (30-09-2026) |
| NAV | ₹1,048.23 (Direct) | ₹5,240.04 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.18% |
| Expense ratio (Regular) | 0.35% | 0.40% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Money Market Index A-I | CRISIL Money Market A-I Index |
| Launch date | 27-01-2026 | 30-08-1998 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Amit Modani | Amit Somani, Harsh Dave |
| Exit load | NIL | NIL |
Shriram 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 |
|---|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| 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.
Shriram Money Market vs Tata Money Market: Year-wise Returns
| Year | ShriramShriram Money Market | TataTata Money Market |
|---|---|---|
| 2026to date | -- | +5.37% |
| 2025 | -- | +7.67% |
| 2024 | -- | +8.00% |
| 2023 | -- | +7.64% |
| 2022 | -- | +5.06% |
| 2021 | -- | +4.13% |
Shriram Money Market vs Tata Money Market: Rolling Returns
Every holding period of both funds
Shriram 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 | Shriram Money Market Fund (Direct) | Tata Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.30% | +6.76% |
| Standard deviation | 0.55% | 1.72% |
| Sharpe ratio | 1.98 | 0.41 |
| Sortino ratio | 3.13 | 0.43 |
| Maximum drawdown | −0.2% (22-05-2026) | −6.6% (29-10-2018) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-01-2026 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.
Shriram 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 |
|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| Tata Money Market Fund (Direct) | −0.1% | 11-05-2026 | 22-05-2026 | 31-05-2026 | 9 days | 0.0% |
From daily values since 28-01-2026, the first day every fund has.
Shriram Money Market vs Tata Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Money Market Fund, September 2026; Tata Money Market Fund, September 2026
Holdings in common
- Overlap
- 0.9%
- Held by both
- 2
- Only in Shriram Money Market
- 8
- Only in Tata Money Market
- 83
| Security | % of Shriram Money Market | % of Tata Money Market |
|---|---|---|
| NABARD CD RED 18-03-2027 | 12.38% | 0.61% |
| SBI CDMDF--A2 | 0.31% | 0.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.9% means 0.9% 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 Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| EXIM BANK CP RED 12-03-27 | 12.41% |
| BANK OF BARODA CD RED 12-02-27 | 11.23% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 11.21% |
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 | Shriram Money Market | Tata Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.8% | 100.7% |
| Cash and others | 9.2% | -0.7% |
Shriram Money Market vs Tata Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Money Market Fund | Tata Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.18% |
| Base expense ratio (Direct) | 0.09% | 0.15% |
| Total expense ratio (Regular) | 0.35% | 0.40% |
| Base expense ratio (Regular) | 0.28% | 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 Shriram Money Market with
Shriram Money Market Fund vs Tata Money Market Fund: Frequently Asked Questions
What is the difference between Shriram Money Market Fund and Tata Money Market Fund?
Both are Money Market funds, run by Shriram Mutual Fund and Tata Mutual Fund. Their portfolios overlap 0.9%. Shriram Money Market Fund charges 0.12% a year and Tata Money Market Fund 0.18%.
Which has the lower expense ratio, Shriram Money Market Fund or Tata Money Market Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Money Market Fund and Tata Money Market Fund overlap?
0.9%. They hold 2 of the same securities, the largest shared ones being NABARD CD RED 18-03-2027, SBI CDMDF--A2. From each fund's latest monthly portfolio.
Which is riskier, Shriram Money Market Fund or Tata Money Market Fund?
On SEBI's riskometer, Shriram Money Market Fund is rated Low to Moderate and Tata Money Market Fund Moderate. Over their common history, the standard deviation of daily returns was 0.55% and 1.72% a year.
Can I invest in both Shriram Money Market Fund and Tata Money Market Fund?
Yes. 0.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Shriram Money Market Fund and Tata Money Market Fund?
Shriram Money Market Fund: Amit Modani. 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.