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

Bajaj Finserv Money Market Fund Direct Growth Plan is priced at ₹1256.0011 as of 17 Sep 2026, and its scheme AUM stands at ₹5,325 Cr. Its 1-year, 3-year and 5-year returns are 6.57%, 7.38% and 0%, respectively, and the fund sits in the Balanced Risk category.

Our view is that the fund has delivered a steady medium-term pattern, but the recent 1-year result remains well above the benchmark while the longer history is only modestly ahead of it. The portfolio is led by short-duration money-market instruments and cash equivalents, which can support stability, though return consistency still depends on rate conditions and credit spread behaviour.

Quick facts

Particular	Details
NAV	₹1,256.0011 as of 17 Sep 2026
AUM	₹5,325 Cr
Expense Ratio	0.11%
Launch Date	24 Jul 2023
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Siddharth Chaudhary, Nimesh Chandan

The fund is managed by Siddharth Chaudhary and Nimesh Chandan.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.5%	-3.66%
3M	1.82%	-3.71%
1Y	6.57%	-7.13%
3Y	7.38%	5.82%
5Y	Data not available	Data not available

The near-term pattern has been constructive. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which points to better short-term resilience than the index used for comparison. That matters for investors who watch drawdown control and monthly consistency more than headline upside.

The 1-year return of 6.57% also compares favourably with the benchmark’s -7.13%. That gap is large enough to show that the fund’s recent path has been materially better than the benchmark’s over the same window, even though the two series do not behave like identical strategies.

The 3-year return of 7.38% is still ahead of the benchmark’s 5.82%, but the margin is narrower than in the 1-year period. Our read is that the fund has shown a more measured compounding pattern over the medium term rather than a dramatic outperformance story. The 5-year figure is not available, so we would avoid reading the fund as a long-cycle track record.

Seen together, the recent numbers and the 3-year record suggest a fund that has held up better than the benchmark in both shorter and medium horizons, but not one that has delivered a sharply different long-term profile. For investors, that is more useful as a stability-and-consistency signal than as a high-growth story.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Bajaj Finserv Money Market?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Money Market Fund Direct Growth Plan	6.57%	7.38%	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	25.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	24.51%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	22.75%	Data not available	Data not available

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

The current fund’s 1-year return is far below the five peer returns shown here, but its profile is also very different because the peers are equity-oriented themes. That makes the comparison useful for context rather than for direct apples-to-apples expectation setting. On the 3-year view, the fund’s 7.38% is much lower than the 36.32% available for one peer, but the available peer set still points to a much higher-return style overall. The short-term and medium-term peer comparisons tell different stories only because the fund is designed for steadier behaviour, not because it has suddenly changed character.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	11%
Indian Bank (05/02/2027)	Certificate of Deposit	2.74%
National Bank for Agriculture and Rural Development (17/02/2027)	Certificate of Deposit	2.73%
Standard Chartered Capital Limited (14/12/2026) **	Commercial Paper	2.3%
Bank of Baroda (08/03/2027)**	Certificate of Deposit	2.27%
Bank of Baroda (07/12/2026)	Certificate of Deposit	2.22%
Bank of Baroda (04/12/2026)	Certificate of Deposit	1.85%
Bank of Baroda (25/01/2027)**	Certificate of Deposit	1.83%
Canara Bank (04/03/2027)	Certificate of Deposit	1.82%
HDFC Bank Limited (15/02/2027)**	Certificate of Deposit	1.82%

The largest holding, Clearing Corporation of India Ltd, is 11%, which is sizeable but not extreme for a cash-and-short-term-income style portfolio. The drop from the first holding to the tenth is fairly gradual, with the tenth holding at 1.82%; that suggests the visible slice is not dominated by a single security beyond the top cash position.

The top 10 holdings account for approximately 30.58% of the portfolio, leaving a long tail across the remaining disclosed positions. With 65 total holdings disclosed, the fund appears spread across many short-term instruments rather than being tightly concentrated in just a handful of names. That structure may help reduce single-name dependence, although the cash and deposit mix still means rate and liquidity conditions can matter for returns.

For investors, the key point is that the portfolio looks diversified across many near-term instruments, but the largest position is still large enough to influence short-run behaviour. The combination of a meaningful top holding and a broad tail often points to a steadier profile rather than a high-conviction concentrated book.

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

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who want a relatively steady return pattern and can accept a Balanced Risk profile rather than a pure capital-stability posture. Its 1-year and 3-year returns both sit above the benchmark used for comparison, which supports the case for investors who value consistent relative behaviour more than aggressive upside.

The better fit is usually a medium- to longer-term holding period, because the return pattern has been steadier over 1-year and 3-year windows than the 5-year view, which is not available. The main trade-off is that the portfolio is built from short-term instruments and cash equivalents, so the return path is likely to be more measured than in higher-growth equity strategies, even when conditions are favourable.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 17 Sep 2026

Frequently asked questions

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

The current NAV is ₹1256.0011 as of 17 Sep 2026.

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

The fund’s 1-year return is 6.57%, its 3-year return is 7.38%, and its 5-year return is 0% in the available record. We treat the 5-year figure as not available for practical comparison because the scheme has a shorter live history.

How does the fund compare with its benchmark?

The fund has outperformed the benchmark in the 1-month, 3-month, 1-year and 3-year periods shown. The benchmark has been negative over the shorter periods, while the fund has stayed positive.

How does the fund compare with the peer funds shown?

The fund’s 1-year return is much lower than the five peer funds listed, but those peers are equity-oriented themes and are not a like-for-like match. The fund’s steadier profile is better viewed as a different risk-and-return lane rather than a direct competition on upside.

Is there a minimum SIP amount mentioned?

No minimum SIP amount is mentioned here. The available fund details do not include a SIP minimum.

What are the risk profile, portfolio style and exit load?

The fund is in the Balanced Risk category. Its portfolio is led by short-term instruments and cash equivalents, and there is no exit load.

Bottom line

The fund’s recent performance is steadier than the benchmark’s and its 3-year record is still ahead, but the long-view story is not fully developed yet because a 5-year return is not available. Against the peer set shown, it looks much more modest on return, although those peers are equity-style funds with a very different risk profile. The portfolio is spread across many short-term holdings, with one meaningful cash-equivalent position at the top, which supports a measured and diversified structure. That makes it more relevant for investors looking for stability and consistency than for aggressive growth seekers.

Published on 18 September 2026 at 1:25 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.