MF Gyan
debtLow risk14 years oldSteady vs its 3-year pace

SBI Money Market Fund - Direct Plan - Growth

Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals. From SBI Mutual Fund. It's been running since 4 Jan 2013.

Latest price per unit
₹47.9255
▲ 0.03% today
As of 1 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.06 L
▲ ₹6.4k gain · 6.4% / year
Invested 3 years ago
₹1.24 L
▲ ₹23.7k gain · 7.3% / year
Invested 5 years ago
₹1.38 L
▲ ₹37.8k gain · 6.6% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹1.80 L
Value today₹1.99 L
Gain / loss+₹19.3k
XIRR (annualised)7.11%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹2.01 L
Projected gain*+₹21.2k
*at this fund's historical rate of 7.11% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 38 other funds in Income/Debt Oriented Schemes - Money Market Fund

Same plan
1-year return
6.40%median 6.18% (+0.23%)
Rank #15 of 39Beats 55% of peers
3-year return
7.34%median 5.35% (+1.98%)
Rank #11 of 39Beats 67% of peers
5-year return
6.63%median 4.65% (+1.98%)
Rank #6 of 39Beats 78% of peers
Bumpiness (3Y)
0.42%median 0.43% (-0.01%)
Rank #10 of 39Less risky than 75% of peers
Worst-ever drop
-0.98%median -1.07% (+0.10%)
Rank #21 of 39Less risky than 47% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 7 of last 7 years were positive.

+6%
2020
+4%
2021
+5%
2022
+7%
2023
+8%
2024
+7%
2025
+4%
2026
Best year
2024 · 7.73%
Worst year
2021 · 3.84%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
0.4%

The value swings roughly 0% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-0.98%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of SBI Money Market Fund - Direct Plan - Growth against other debt funds.

Technical details (for the pros)
CAGR — 1 year6.40%
CAGR — 3 years7.34%
CAGR — 5 years6.63%
CAGR — since launch7.49%
Volatility — 1 year (annualised)0.49%
Volatility — 3 years (annualised)0.42%
Max drawdown — 1 year-0.14%
Max drawdown — 3 years-0.14%
Sharpe ratio — 1 year (rf=6%)0.77
Sharpe ratio — 3 years (rf=6%)3.16

Fund info

Fund house
SBI Mutual Fund
Category
Income/Debt Oriented Schemes - Money Market Fund
Plan
Direct
Option
Growth
ISIN (Growth)
INF200K01SZ5
ISIN (Div re-invest)
—
Fund code
119821
First price on record
4 Jan 2013 · 3,306 daily prices

About SBI Money Market Fund - Direct Plan - Growth

SBI Money Market Fund - Direct Plan - Growth is a Income/Debt Oriented Schemes - Money Market Fund offered by SBI Mutual Fund under the Direct plan with the Growth option. It has approximately 14 years of NAV track record. The fund falls in the debt category — Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.

The current NAV of SBI Money Market Fund - Direct Plan - Growth is ₹47.9255 (as of 1 Sep 2026). Historically, it has delivered 6.40% over the last year, 7.34% CAGR over 3 years, 6.63% CAGR over 5 years. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 0.4% annualised volatility — a "low" level of bumpiness; its deepest peak-to-trough fall on record was 1.0%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of SBI Money Market Fund - Direct Plan - Growth?+

The latest NAV of SBI Money Market Fund - Direct Plan - Growth is ₹47.9255 as of 1 Sep 2026, up 0.03% from the previous day. NAV is updated once a business day after the market close.

What are the returns of SBI Money Market Fund - Direct Plan - Growth?+

SBI Money Market Fund - Direct Plan - Growth has delivered 1-year return 6.40%, 3-year CAGR 7.34%, 5-year CAGR 6.63%, since-inception CAGR 7.49%. Returns are historical and don't predict future performance — markets move in cycles.

What category does SBI Money Market Fund - Direct Plan - Growth belong to?+

SBI Money Market Fund - Direct Plan - Growth is categorised as Income/Debt Oriented Schemes - Money Market Fund. Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.

How risky is SBI Money Market Fund - Direct Plan - Growth?+

Based on its 3-year annualised volatility of 0.4%, SBI Money Market Fund - Direct Plan - Growth sits in the "low" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is SBI Money Market Fund - Direct Plan - Growth a direct plan?+

SBI Money Market Fund - Direct Plan - Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is SBI Money Market Fund - Direct Plan - Growth?+

SBI Money Market Fund - Direct Plan - Growth has NAV history available from 4 Jan 2013 — approximately 14 years of track record and 3,306 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.