Bajaj Finserv Money Market Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Money Market Fund Direct Growth Plan has a NAV of ₹1251.513 as of 28 August 2026 and a scheme AUM of ₹4,477 Cr. Its 1-year, 3-year and 5-year returns are 6.48%, 7.40% and Data not available, respectively, and the fund sits in the Balanced Risk category.

Our view is that this is a portfolio for investors who want a steadier return pattern than the benchmark has shown in recent periods, while accepting that the scheme’s long-run compounding is modest and not evenly paced. The portfolio is concentrated in short-duration money market instruments, which supports stability, but the return profile is still best assessed as defensive rather than growth-oriented.

Quick facts

The fund is managed by Siddharth Chaudhary and Nimesh Chandan.

Source data date: as of 28 Aug 2026

Performance

Recent behaviour has been mixed but broadly constructive. Over 1 month, the fund stayed positive while the benchmark was slightly negative, which points to some short-term resilience. Over 3 months, however, the benchmark recovered more sharply than the fund, so the scheme did not keep pace in that window.

The 1-year figure is the clearest strength in the record here. The fund’s 6.48% return was comfortably above the benchmark’s -2.29%, which tells us the scheme handled the recent cycle better than the index. That gap matters more than the one-month lead because it reflects a fuller market phase rather than a brief move.

Longer term, the pattern is steadier than dramatic. The 3-year return of 7.40% is only modestly ahead of the benchmark’s 6.40%, so the fund has compounded with a small edge rather than a large one. The time pattern also suggests a relatively smooth path with some short bouts of softness, which is consistent with a portfolio built around money market and short-term credit exposure rather than equity-style upside.

Overall, we see a fund that has protected itself better than the benchmark in the past year, but without transforming that into a strong long-term growth story. The return profile is more about consistency than acceleration, and that is important when judging whether the scheme fits a defensive allocation.

Source data date: as of 28 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Against the peer set, the fund’s 1-year return is far below the equity-oriented funds listed here, which is expected given the very different portfolio construction. Its 3-year return also trails the stronger longer-term figures shown by some peers that have available 3-year data.

That said, the peer table also shows a wide spread in return patterns, with several peers relying on equity risk to produce much higher numbers. The current fund does not compete on that basis; it competes on steadier income-style behaviour. For investors comparing across very different risk buckets, the more useful takeaway is that this scheme has delivered moderate returns with a much calmer profile than the high-growth peers shown here.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution: Large-cap 0%, mid-cap 0%, small-cap 0% and other-cap 100%.

The portfolio is dominated by certificate of deposit exposure, and that 58.74% slice is materially larger than the next two sectors. Commercial paper at 25.17% gives the scheme a second large pillar, while treasury bills at 9.11% add another short-term government-linked layer. Together, these three buckets set the tone for the fund.

Because the market-cap split sits entirely in other-cap, the usual equity-style size-bucket lens does not really apply here. Instead, the mix tells us the scheme is built around instruments that may help keep credit and rate sensitivity relatively contained compared with a more volatile mix of securities. The cash and government securities lines are smaller, but they still support day-to-day liquidity and stability.

In our view, certificate of deposit exposure is likely to have the greatest influence on portfolio behaviour because it is the largest sector by a clear margin. Commercial paper may also matter meaningfully, but not enough to outweigh the first sector’s dominance. This structure points to a fund that should behave more like a short-term income vehicle than a market-sensitive growth portfolio.

Source data date: as of 28 Aug 2026

Who should invest

This fund fits investors who are comfortable with a Balanced Risk profile and want a return pattern that has been steadier than the benchmark in some recent periods. The 1-year and 3-year numbers suggest moderate, not explosive, compounding, so the investment horizon should be long enough to let that steadiness matter.

The main trade-off is simple: the portfolio is built for stability and short-term income characteristics, so it is unlikely to match the upside of aggressive peer funds that take much higher market risk. Investors who prioritise lower day-to-day swings and can accept comparatively modest return potential may find the structure more suitable than those seeking fast capital growth.

Tax and exit load

Exit load: No exit load.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Money Market Fund Direct Growth Plan?

The current NAV is ₹1251.513 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 6.48% and its 3-year return is 7.40%. The 5-year return is Data not available.

How has the fund performed versus Nifty 50?

It has done better than Nifty 50 over 1 month, 1 year and 3 years, but it lagged the benchmark over 3 months. The 5-year comparison is not available.

How does it compare with the peer funds shown here?

Its returns are much lower than the equity-oriented peers listed here, but those peers also follow very different risk profiles. This fund is positioned more as a steadier income-style option than a high-growth comparator.

What is the minimum SIP amount?

The minimum SIP amount is ₹0.

What is the risk profile, who manages the fund and is there an exit load?

The fund is in the Balanced Risk category. It is managed by Siddharth Chaudhary and Nimesh Chandan, and there is no exit load.

Bottom line

Bajaj Finserv Money Market Fund Direct Growth Plan shows a clearer improvement over the benchmark in the 1-year period than in the shorter 3-month window, while its 3-year record stays moderately ahead rather than dramatically stronger. Compared with the peer set shown here, its return profile is much lower, but that difference reflects a far more defensive structure. The portfolio is concentrated in certificate of deposit exposure, which should matter most for how the fund behaves. It suits investors who value steadier, short-term-oriented positioning more than high-return chasing.

Published on 31 August 2026 at 5:02 PM IST