Money MarketModerateVR Rating
₹28,188 Cr.
None
| Name | 1Y Return | VR Rating | 1Y Rank | 3Y Rank | 5Y Rank | NAV(₹) |
|---|
HDFC Money Market Fund-Reg(G) is an open-ended money market fund designed for investors who want to park money for the short term while seeking reasonable returns with relatively low volatility. Money market funds typically invest in money market instruments with maturity up to 1 year, which is longer than liquid and overnight funds, and that is why returns and risk can be slightly higher as well.
As of 1 Mar 2026, HDFC Money Market Fund-Reg(G) manages 28188 in assets, has a Yield to Maturity (YTM) of 7, and a Modified Duration of 243.
In simple terms: YTM indicates the portfolio’s current income potential, while modified duration shows how sensitive the fund is to interest-rate changes (lower is typically more stable for short-term parking).
The investment objective of HDFC Money Market Fund-Reg(G) is to generate reasonable returns with adequate liquidity by investing in money market instruments, in line with money market fund norms. Investors can typically invest and redeem on business days (subject to scheme cut-off timings and applicable exit load).
The current NAV of the scheme is ₹5991.66 as on 8 Apr 2026, and the risk level is Moderate.
HDFC Money Market Fund-Reg(G) was launched on 3 Jan 2000 and is benchmarked against CRISIL Money Market Index. The scheme is managed by Praveen Jain who has been managing the fund since 30 Aug 2024 and the fund is also managed by . The exit load of the fund is Nil.
HDFC Money Market Fund-Reg(G) invests across money market and short-term debt instruments to balance liquidity and yield. As of 28 Feb 2026, the portfolio is allocated to Certificate of Deposit (67%), Commercial Paper (21%), Treasury Bills (7%), Government Securities (1%).
A quick way to read this: higher G-Secs/cash typically signals more conservatism and liquidity, while higher CD/CP/corporate bonds often aim to improve yield, assuming credit quality stays strong.
Credit quality matters even in money market funds because they can take exposure across a wider set of issuers and maturities (up to 1 year). The fund’s portfolio is allocated 88% to A1+, 9% to SOV.
In plain language: the higher the share of top-rated and sovereign instruments, the more the fund is leaning toward safety and stability. For money market funds, credit quality is the most important filter, because one avoidable credit event can matter more than small return differences.
The top 5 holdings of the fund are National Bank for Agri & Rural Dev.^ (10.7%), Small Industries Development Bank^ (8.%), Bank of Baroda^ (6.5%), Canara Bank^ (5.5%), Punjab & Sind Bank^ (4.2%)
In money market funds, large holdings are commonly CDs/CPs, T-bills, and high-quality short-term issuances from well-known institutions, chosen mainly for liquidity and credit comfort.
| Sector | Allocation (%) |
|---|---|
| "Bank | 67% |
| Finance | 19% |
| G-Sec | 9% |
| Miscellaneous | 4% |
| Telecommunication | 2% |
It is normal for money market funds to show meaningful exposure to banks and financial institutions, because CDs and CPs are frequently issued by them, along with selected high-quality corporate issuers.
HDFC Money Market Fund-Reg(G)’s recent annualized returns are 6.5% (1 Year), 7.3% (3 Years) and 6.3% (5 years). Over 1 year, it has delivered 6.5% annualized returns. These returns are as of 9 Apr 2026
Against the full money market fund peer set, the scheme is ranked 1/23 over 1 year, 2/22 over 3 years, 2/18 over 5 years period.
One simple way to interpret rankings: money market funds may still cluster close in returns, so comparing returns against peers will not make sense unless and until there is a meaningful deviation.
If you had invested ₹1,00,000 in HDFC Money Market Fund-Reg(G) then you would have got:
| Duration | Annualized Returns (%) | Current Total Value | Current Total Profit |
|---|---|---|---|
| 1 Year | 6.5% | ₹106500.00 | ₹6500.00 |
| 3 Year | 7.3% | ₹107300.00 | ₹7300.00 |
| 5 Year | 6.3% | ₹106300.00 | ₹6300.00 |
Note: These are historical returns and they may not repeat in the future.
Also note for very short holding periods, exit load can impact realized returns. Always check exit load before investing in any fund. Data updated as of 9 Apr 2026
The Potential Risk Class (PRC) matrix of HDFC Money Market Fund-Reg(G) is B-I which means that the fund has Relatively low interest rate risk and moderate credit risk.
It may suit investors who want to:
It offers a few practical benefits: professional management of money market instruments, easy entry/exit (subject to cut-offs), a portfolio designed to balance stability and yield, and a structure that can be useful for short-term cash management, like emergency buffers, business expenses, planned expenses or any near-term goals.
Money market funds are relatively low risk, but not risk-free. Key things to watch are credit quality (ratings mix), exit load/cut-off rules, changes in YTM and duration, and whether the scheme’s role matches your time horizon. Compared to liquid/overnight funds, money market funds can carry slightly higher credit and interest-rate sensitivity, so they are generally better suited for a few months’ horizon rather than overnight parking.
For Money Market funds, taxation depends heavily on when you bought your units. Units acquired on or after 1 April 2023 are generally taxed as short-term capital gains at your slab rate and there are no long-term capital gain and loss benefits.
For units acquired before 1 April 2023, taxation follows the older capital-gains framework based on holding period and the date of sale.
Note that regulatory/tax updates over time can change how long-term treatment works.
HDFC Money Market Fund-Reg(G) is positioned as a short-term parking option that aims to keep your money accessible while delivering reasonable returns through a portfolio of money market and short-term debt instruments (with maturity up to 1 year).
A simple way to track whether it is doing its job is to follow three live indicators: credit quality, peer ranking consistency, and monthly movement in YTM and modified duration. Among these, credit quality should always come first because protecting capital matters more than chasing marginally higher returns; focus on the rating mix (AAA/AA+/sovereign exposure), issuer concentration, and any meaningful shifts in the credit profile, and use returns/ranks mainly as a supporting check.
To invest a lumpsum amount in HDFC Money Market Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select HDFC Money Market Fund-Reg(G) from the list, the amount to be invested & make the payment.
To start a SIP (Systematic Investment Plan) in HDFC Money Market Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select HDFC Money Market Fund-Reg(G) from the list, the amount to be invested & date of deduction. Pay the first instalment towards your SIP. Set the autopay mandate to enable regular investment of future SIP instalments, directly from your bank account. And you're done. Note: Remember to keep your bank account funded with the amount for regular SIPs for your mutual fund investment in HDFC Money Market Fund-Reg(G).
It will take up to one trading day for the invested HDFC Money Market Fund-Reg(G) units to reflect in your portfolio. For example, If you have made the investment in HDFC Money Market Fund-Reg(G) on Monday before the cut-off time, the units will be allotted to you by Tuesday or the next working day if it is followed by a holiday. The NAV (Net Asset Value) for the units allotted will be as of the day you place your trades.
Yes, mutual funds can be bought or redeemed after market hours through the Ventura web platform or mobile application. However, the execution of these orders depends on the mutual fund's cutoff time for processing transactions.
