SBI Money Market Fund Direct-IDCW Daily NAV at 14.99
By ThePip Desk
Explore the latest NAV, AUM of ₹33,894.54 crore, returns, and portfolio details for SBI Money Market Fund Direct-IDCW Daily as of September 2026.
Fund Performance and Valuation
The SBI Money Market Fund – Direct Plan currently reports a Net Asset Value of 14.99 for its IDCW Daily option as of September 4, 2026. This open-ended debt scheme, which launched on January 1, 2013, focuses on investments in money market instruments.
- One-year trailing return: 6.36%
- Three-year trailing return: 7.33%
- Five-year trailing return: 6.61%
- Assets Under Management: 33,894.54 crore as of July 31, 2026
- Expense Ratio: 0.26%
Portfolio and Management Metrics
The fund maintains a low to moderate risk profile under the management of Rajeev Radhakrishnan and Sankalp Anil Jain. It holds an exit load of 0.00% for investors.
- Average maturity: 0.53 years
- Portfolio duration: 0.5 years
- Primary holdings: Certificates of Deposit, Commercial Papers, and Treasury Bills
Taxation and Regulatory Context
Investment gains for this fund are subject to taxation based on the individual investor’s applicable income tax slab. This tax structure applies to all investments made after April 1, 2023.
The scheme continues to prioritize high-quality debt instruments to align with its stated objective of providing steady investment opportunities. Investors should note that performance metrics have consistently outperformed category averages over the one, three, and five-year periods.