Should I invest in HDFC Money Market Fund - Daily IDCW Option?

We don't give personal investment advice. HDFC Money Market Fund - Daily IDCW Option - Direct Plan is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.2%. 5-year CAGR: 0.00%.

HDFC

HDFC Money Market Fund - Daily IDCW Option - Direct Plan

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 30 Aug 2015. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹1,063.6400

As of

17 Jul 2026

3,598 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	+0.03%	-0.02	55 / 78	Q3
1W	+0.04%	+0.05%	-0.01	52 / 77	Q3
2W	+0.01%	+0.02%	-0.02	45 / 77	Q3
1M	+0.00%	+0.13%	-0.13	43 / 76	Q3
3M	+0.01%	+0.49%	-0.48	38 / 74	Q3
6M	+0.00%	+1.00%	-1.00	55 / 74	Q3
YTD	+0.00%	+1.05%	-1.05	51 / 74	Q3
1Y	+0.00%	+1.84%	-1.84	42 / 74	Q3
2Y	+0.00%	+2.30%	-2.30	58 / 72	Q4
3Y	+0.00%	+2.36%	-2.36	52 / 67	Q4
4Y	+0.00%	+2.44%	-2.44	55 / 61	Q4
5Y	+0.00%	+2.24%	-2.24	51 / 56	Q4
7Y	+0.00%	+1.91%	-1.90	38 / 49	Q4
10Y	+0.00%	+1.30%	-1.30	29 / 33	Q4
Inception	+0.00%	+1.89%	-1.89	70 / 78	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.00%	+1.08%	-1.08	45 / 63
2025	+0.00%	+2.54%	-2.54	47 / 62
2024	+0.00%	+2.53%	-2.53	43 / 62
2023	+0.00%	+2.35%	-2.35	47 / 61
2022	+0.00%	+1.43%	-1.43	47 / 55
2021	+0.00%	+0.83%	-0.83	32 / 52
2020	+0.00%	+1.67%	-1.67	43 / 56
2019	+0.00%	+2.50%	-2.50	36 / 52
2018	+0.00%	+1.63%	-1.63	27 / 39
2017	+0.00%	+1.10%	-1.10	20 / 37
2016	+0.00%	+1.02%	-1.02	22 / 35

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

0.00%

153 windows

min -0.9% · max 0.2%

7% positive

3-Year rolling

0.00%

129 windows

min -0.3% · max 0.0%

5% positive

5-Year rolling

+0.00%

105 windows

min -0.2% · max 0.3%

2% positive

7-Year rolling

0.00%

80 windows

min -0.1% · max 0.0%

4% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.04%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.15%

Jul 2023 → May 2026

% positive months

2.8%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Weekly IDCW Option -Direct Plan	HDFC	₹1,062.9189	17 Jul 2026
NIPPON INDIA MONEY MARKET FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,006.2980	17 Jul 2026
SBI Savings Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹18.8241	17 Jul 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Daily IDCW	ICICI Prudential	₹100.1435	17 Jul 2026
Invesco India Money Market Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,012.2021	17 Jul 2026
Bandhan Money Market Fund -Direct Plan-Daily IDCW	Bandhan	₹10.0994	17 Jul 2026
Aditya Birla Sun Life Money Manager Fund - Direct - daily IDCW	Aditya Birla Sun Life	₹100.0200	17 Jul 2026
Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW	Franklin India	₹10.0537	17 Jul 2026
Mirae Asset Money Market Fund Direct IDCW	Mirae Asset	₹1,362.9574	17 Jul 2026
Kotak Money Market Fund - (Monthly Payout of Income Distribution cum capital withdrawal option) - Direct	Kotak	₹1,289.1926	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹1,063.6400
16 Jul 2026	₹1,063.5255
15 Jul 2026	₹1,063.0631
14 Jul 2026	₹1,062.9005
13 Jul 2026	₹1,063.4873
10 Jul 2026	₹1,063.2069
9 Jul 2026	₹1,063.0444
8 Jul 2026	₹1,062.4230
7 Jul 2026	₹1,063.0214
6 Jul 2026	₹1,063.6400

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of HDFC Money Market Fund - Daily IDCW Option - Direct Plan is ₹1,063.6400. It's a Money Market Fund from HDFC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HDFC Money Market Fund - Daily IDCW Option - Direct Plan has NAV history starting from 31 Dec 2012, a track record of about 13 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

HDFC Money Market Fund - Daily IDCW Option - Direct Plan is managed by HDFC. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, HDFC Money Market Fund - Daily IDCW Option - Direct Plan has delivered a absolute return of 0.00% — -1.84 pp behind the Money Market Fund category average of 1.84%. The fund ranks #42 of 74 in its category — the third (Q3) quartile.

Over the trailing 3-year window, HDFC Money Market Fund - Daily IDCW Option - Direct Plan has delivered a CAGR of 0.00% — -2.36 pp behind the Money Market Fund category average of 2.36%. The fund ranks #52 of 67 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, HDFC Money Market Fund - Daily IDCW Option - Direct Plan has delivered a CAGR of 0.00% — -2.24 pp behind the Money Market Fund category average of 2.24%. The fund ranks #51 of 56 in its category — the bottom (Q4) quartile.

₹1 lakh invested in HDFC Money Market Fund - Daily IDCW Option - Direct Plan exactly 10 years ago would be worth approximately ₹100,000 today — a multiplier of 1.00×, based on the 10-year CAGR of 0.00%. The category average over the same window would have grown ₹1 lakh to ₹113,739.

A ₹10,000 monthly SIP in HDFC Money Market Fund - Daily IDCW Option - Direct Plan over the last 5 years — total invested ₹600,000 — would be worth ₹600,022 today. That's an XIRR (money-weighted annualised return) of 0.00%.

A ₹10,000 monthly SIP for 10 years in HDFC Money Market Fund - Daily IDCW Option - Direct Plan = ₹1,200,000 invested. It would currently be worth ₹1,200,043 (multiplier 1.00×). XIRR: 0.00%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, HDFC Money Market Fund - Daily IDCW Option - Direct Plan ranks #51 out of 56 funds in the Money Market Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 2.24%; this fund delivered 0.00%.

The worst peak-to-trough decline HDFC Money Market Fund - Daily IDCW Option - Direct Plan has experienced over the last 5-year window is 0.23% — its NAV fell from a high on 19 Jul 2021 to a low on 06 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, HDFC Money Market Fund - Daily IDCW Option - Direct Plan averaged 0.00% (best 0.28%, worst -0.19%). 2% of rolling windows ended positive.

In calendar year 2025, HDFC Money Market Fund - Daily IDCW Option - Direct Plan returned 0.00% — lagging the Money Market Fund category average of 2.54% by 2.54 pp. It ranked #47 of 62 in its category that year.

HDFC Money Market Fund - Daily IDCW Option - Direct Plan is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. HDFC Money Market Fund - Daily IDCW Option - Direct Plan is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.2%. 5-year CAGR: 0.00%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

HDFC Money Market Fund - Daily IDCW Option - Direct Plan

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Money Market Fund

Recent NAVs

Frequently asked questions

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