DSP Money Market Fund - Direct Plan - Daily IDCW
The primary investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments with maturity less than or equal to 1 year. There is no assurance that the investment objective of the Scheme will be realized.Read more
NAV · 16 Oct 2026₹10.1470▼ 0.01% (1 day)
- Current NAV₹10.1470
- Fund Size (AUM)₹ 8,072 Cr.
- Expense Ratio0.18 %
- 1Y Return-0.06%
- 3Y Return (CAGR)-0.02%
- 5Y Return (CAGR)-0.01%
- Category Rank (3Y)—
- RiskometerModerate Risk
- Min. SIP / Lump sum₹ 100 / ₹ 100
More figures (11)
- Since Launch (CAGR)+0.10%
- Benchmark—
- Volatility (3Y)0.17 %
- Sharpe Ratio (3Y)-37.35
- Beta (3Y)—
- 52-week High / Low₹10.1546 / ₹10.1362
- Max Drawdown-1.7 %
- Launched2 Aug 2013
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersKaran Mundhra, Shalini Vasanta
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 0.0% a year.
- Volatility over 3 years was 0.2% a year, with a Sharpe ratio of -37.35.
- Its biggest fall from a peak was 1.7% (16 Sep 2019 to 24 Mar 2020).
- Across all 3-year periods since launch, yearly returns ranged from -0.3% to 0.5% and were positive 42% of the time.
- Expense ratio 0.18%, fund size ₹8,072 crore.
AI analysis
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.06% | -0.06% | -0.05% | -0.06% | -0.06% | -0.06% | -0.03% | -0.02% | -0.01% | +0.04% | +0.11% | +0.10% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Money Market Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.06% | 0.00% | -0.04% | +0.02% | +0.02% | 0.00% | +0.36% | +0.76% | 0.00% | 0.00% | 0.00% |
January to December each year; the current year is to date.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.17% | 0.25% |
| Sharpe ratio ? | -37.35 | -25.70 |
| Sortino ratio ? | -14.72 | -13.63 |
| Maximum drawdown | -0.22% | -0.57% |
Rolling 3-year returns (yearly)
Lowest-0.25%
Median0.00%
Highest+0.53%
Positive42% of periods
Above 12% a year0% of periods
Rolling 5-year returns (yearly)
Lowest-0.13%
Median+0.15%
Highest+0.32%
Positive73% of periods
Above 12% a year0% of periods
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,19,942 | ₹-58 | -0.09% |
| 3Y | ₹3,60,000 | ₹3,59,807 | ₹-193 | -0.03% |
| 5Y | ₹6,00,000 | ₹5,99,768 | ₹-232 | -0.02% |
| 10Y | ₹12,00,000 | ₹12,03,679 | ₹3,679 | +0.06% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
Compare with all Money Market Funds (28)
Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).
Scheme details
- Investment objective
- The primary investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments with maturity less than or equal to 1 year. There is no assurance that the investment objective of the Scheme will be realized.
- Fund managers
- Karan Mundhra, Shalini Vasanta
- Fund house
- DSP Mutual Fund
- Category
- Money Market Funds · Debt
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 123288
- ISIN
- INF740KA1PB3
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Money Market Funds
Money Market Funds invest in money-market instruments maturing within one year.
Generally used by short-term money with a horizon up to about a year.
Other plans of this scheme
- DSP Money Market Fund - Direct Plan - Growth
- DSP Money Market Fund - Regular Plan - Growth
- DSP Money Market Fund - Direct Plan - IDCW
- DSP Money Market Fund - Direct Plan - Monthly IDCW
- DSP Money Market Fund - Direct Plan - Weekly IDCW
- DSP Money Market Fund - Regular Plan - Daily IDCW
- DSP Money Market Fund - Regular Plan - IDCW
- DSP Money Market Fund - Regular Plan - Monthly IDCW
Questions about this scheme
What is the NAV of DSP Money Market Fund today?
The latest NAV of DSP Money Market Fund - Direct Plan - Daily IDCW is ₹10.1470 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has DSP Money Market Fund given?
As on 16 Oct 2026: 1 year -0.06%, 3 years -0.02% a year, 5 years -0.01% a year. Past returns may or may not be sustained in future.
What is the expense ratio of DSP Money Market Fund?
The expense ratio of the Direct plan is 0.18% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Moderate Risk. Over 3 years its volatility was 0.2% a year and its biggest fall from a peak was 0.2%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Money Market Funds?
Money Market Funds invest in money-market instruments maturing within one year.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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