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

UTI Money Market Fund Direct Growth Plan has a NAV of ₹3371.5881 as of 03 Sep 2026 and manages ₹18,782 Cr. Its 1-year, 3-year and 5-year returns are 6.61%, 7.42% and 6.72% respectively, while the risk category is Medium Risk. In our view, it suits investors who want debt exposure with steady medium-term compounding rather than sharp swings, especially because its return trend has been reasonably consistent and its portfolio is built around short-dated money-market instruments.

The fund is not designed for high growth, but it has held up better than the benchmark across the reported periods. The portfolio mix is concentrated in treasury bills, certificates of deposit and commercial paper, which supports a relatively conservative posture within the debt universe.

Quick facts

The fund is managed by Amit Sharma and Anurag Mittal.

Source data date: as of 03 Sep 2026

Performance

Recent performance has been steadier than the benchmark. Over 1 month and 3 months, the fund stayed positive while the benchmark was weaker in 1 month and only modestly positive over 3 months, which points to smoother short-term behaviour.

The longer view is also constructive. The 3-year and 5-year returns are both ahead of the benchmark, and the gap is wider over 3 years than over 5 years. That tells us the fund has maintained its edge over a longer stretch rather than relying on one strong quarter.

The 1-year figure is especially notable because the benchmark is negative over the same period. For a debt fund, that kind of relative resilience matters more than flashy upside. The short-term pattern seen in the time series also suggests limited volatility, with gains building gradually rather than in abrupt jumps.

Our view is that the fund has delivered a consistent debt-style return pattern, with enough stability to remain useful for investors who care about capital preservation and predictable accrual.

Source data date: as of 03 Sep 2026

Peer comparison

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

On 1-year returns, this fund sits close to the better recent names in the peer set, though Union Money Market Fund Direct Growth Plan is slightly ahead at 6.87% and Tata Money Market Fund Direct Growth Plan is marginally ahead over the same horizon. The fund’s 3-year return of 7.42% is also competitive, behind Tata Money Market Fund Direct Growth Plan at 7.57% but ahead of Union Money Market Fund Direct Growth Plan and Bandhan Money Market Fund Direct Growth Plan on the figures available.

Its 5-year return of 6.72% is solid and sits just below Tata Money Market Fund Direct Growth Plan, while staying ahead of Union Money Market Fund Direct Growth Plan and Bandhan Money Market Fund Direct Growth Plan over that horizon. In our view, the short-term and longer-term pictures are broadly aligned: the fund is not the fastest in every window, but it stays comfortably in the same cluster of returns and does not rely on one isolated period.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

The largest holding is 182 Days T-Bill – 18/09/2026 at 3.51%, which is modest for a single position in a debt portfolio. The gap between the first and tenth holding is not huge, but the weights do taper steadily from the low 3% area into the high 1% area, which suggests the exposure is spread across several short-duration instruments rather than dominated by one line.

The top 10 holdings together account for approximately 23.51% of the portfolio, so most of the portfolio sits beyond the visible list. That makes the disclosed slice look diversified across instruments and issuers, while still leaving room for many smaller positions to influence the final mix.

Because the disclosed holdings are only a portion of the full book and the list extends to 80 holdings, the portfolio is likely to have a longer tail of small positions. That structure may help reduce dependence on any single issuer, although the holdings shown still indicate a meaningful tilt toward treasury bills, certificates of deposit and commercial paper.

To see all holdings, visit the UTI Money Market Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit conservative investors who are comfortable with debt-fund volatility and want a return pattern that has been steadier than the benchmark across the reported horizons. The Medium Risk label fits investors who can accept some NAV movement in exchange for a more controlled debt allocation.

A longer investment horizon is more sensible here than a very short holding period, because the 3-year and 5-year numbers show a more dependable picture than any single short window. Investors who value gradual accrual, short-dated instruments and a reasonably balanced debt profile may find the trade-off acceptable: the fund is not built for aggressive upside, but it has shown the ability to stay competitive in its segment.

Tax and exit load

Exit load: No exit load after holding period.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of UTI Money Market Fund Direct Growth Plan?
The current NAV is ₹3371.5881 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.61% for 1 year, 7.42% for 3 years and 6.72% for 5 years.

How has it performed against the benchmark?
It has outpaced the benchmark across the reported 1-month, 3-month, 1-year, 3-year and 5-year periods. The margin is especially clear over 1 year.

How does it compare with peer funds on return data?
It stays close to the better recent peer figures and remains competitive over 3 years and 5 years. On the figures available, it is broadly in the same return cluster as Union Money Market Fund Direct Growth Plan, Tata Money Market Fund Direct Growth Plan and Bandhan Money Market Fund Direct Growth Plan.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Amit Sharma and Anurag Mittal. There is no exit load after the holding period.

Bottom line

UTI Money Market Fund Direct Growth Plan shows a steadier long-term pattern than its benchmark and keeps a competitive place among the peer funds on the return figures available. Its recent performance does not look disconnected from the 3-year and 5-year trend, which supports a consistent debt-fund profile rather than a one-off burst. The portfolio’s tilt toward treasury bills, certificates of deposit and commercial paper adds to that conservative character. For investors seeking moderate risk with short-duration debt exposure, the fund looks best understood as a steady allocator rather than a high-return chase.

Published on 4 September 2026 at 4:34 PM IST