Should I invest in PGIM India Money Market Fund?

We don't give personal investment advice. PGIM India Money Market Fund - Direct Plan - Growth Option 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: 0.1%. 5-year CAGR: 6.51%.

PGIM India

PGIM India Money Market Fund - Direct Plan - Growth Option

Latest NAV

₹1,459.0796

As of

17 Jul 2026

1,538 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	+0.05%	+0.05%	0.00	24 / 29	Q4
1W	+0.08%	+0.08%	0.00	22 / 29	Q4
2W	+0.08%	+0.08%	0.00	15 / 29	Q3
1M	+0.64%	+0.64%	0.00	25 / 29	Q4
3M	+1.52%	+1.52%	0.00	24 / 29	Q4
6M	+3.24%	+3.26%	-0.01	24 / 29	Q4
YTD	+3.36%	+3.42%	-0.05	25 / 28	Q4
1Y	+6.13%	+6.20%	-0.08	26 / 27	Q4
2Y	+7.08%	+7.16%	-0.07	23 / 25	Q4
3Y	+7.17%	+7.30%	-0.13	22 / 24	Q4
4Y	+7.14%	+7.17%	-0.03	14 / 22	Q3
5Y	+6.51%	+6.51%	0.00	13 / 20	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+6.11%	+6.66%	-0.54	25 / 29	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	+3.36%	+3.44%	-0.07	25 / 27
2025	+7.34%	+7.47%	-0.13	20 / 24
2024	+7.52%	+7.65%	-0.13	20 / 24
2023	+7.48%	+7.34%	+0.14	7 / 23
2022	+4.98%	+4.77%	+0.21	5 / 20
2021	+3.74%	+3.78%	-0.04	13 / 18
2020	—	—	—	—

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

+6.13%

66 windows

min 3.7% · max 8.1%

100% positive

3-Year rolling

+6.36%

42 windows

min 4.8% · max 7.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+6.20%

17 windows

min 6.0% · max 6.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

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

0.55%

3-year · annualised

Sharpe ratio

0.83

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.11%

Jul 2026 → Jul 2026

% positive months

100.0%

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 - Growth Option - Direct Plan	HDFC	₹6,234.1150	17 Jul 2026
Nippon India Money Market Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹2,643.5232	17 Jul 2026
SBI SAVINGS FUND - DIRECT PLAN - GROWTH	SBI	₹47.4913	17 Jul 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Growth	ICICI Prudential	₹410.5996	17 Jul 2026
Invesco India Money Market Fund - Direct Plan - Growth	Invesco	₹3,365.9897	17 Jul 2026
Bandhan Money Market Fund -Direct Plan-Growth	Bandhan	₹46.7104	17 Jul 2026
Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹400.7744	17 Jul 2026
Franklin India Money Market Fund - Direct - Growth	Franklin India	₹55.4232	17 Jul 2026
Mirae Asset Money Market Fund Direct Growth	Mirae Asset	₹1,365.2024	17 Jul 2026
Kotak Money Market Fund - (Growth) - Direct	Kotak	₹4,847.4755	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹1,459.0796
16 Jul 2026	₹1,458.3404
15 Jul 2026	₹1,457.7252
14 Jul 2026	₹1,457.4769
13 Jul 2026	₹1,458.2766
10 Jul 2026	₹1,457.9271
9 Jul 2026	₹1,457.5742
8 Jul 2026	₹1,456.7932
7 Jul 2026	₹1,457.4553
6 Jul 2026	₹1,458.3625

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 PGIM India Money Market Fund - Direct Plan - Growth Option is ₹1,459.0796. It's a Money Market Fund from PGIM India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

PGIM India Money Market Fund - Direct Plan - Growth Option has NAV history starting from 09 Mar 2020, a track record of about 6 years 4 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.

PGIM India Money Market Fund - Direct Plan - Growth Option is managed by PGIM India. 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, PGIM India Money Market Fund - Direct Plan - Growth Option has delivered a absolute return of 6.13% — -0.08 pp behind the Money Market Fund category average of 6.20%. The fund ranks #26 of 27 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, PGIM India Money Market Fund - Direct Plan - Growth Option has delivered a CAGR of 7.17% — -0.13 pp behind the Money Market Fund category average of 7.30%. The fund ranks #22 of 24 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, PGIM India Money Market Fund - Direct Plan - Growth Option has delivered a CAGR of 6.51% — +-0 pp ahead of the Money Market Fund category average of 6.51%. The fund ranks #13 of 20 in its category — the third (Q3) quartile.

₹1 lakh invested in PGIM India Money Market Fund - Direct Plan - Growth Option exactly 5 years ago would be worth approximately ₹137,047 today — a multiplier of 1.37×, based on the 5-year CAGR of 6.51%. The category average over the same window would have grown ₹1 lakh to ₹137,076.

A ₹10,000 monthly SIP in PGIM India Money Market Fund - Direct Plan - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹715,628 today. That's an XIRR (money-weighted annualised return) of 6.98%.

PGIM India Money Market Fund - Direct Plan - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹715,628 — XIRR 6.98%.

On a 5-year basis, PGIM India Money Market Fund - Direct Plan - Growth Option ranks #13 out of 20 funds in the Money Market Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 6.51%; this fund delivered 6.51%.

The worst peak-to-trough decline PGIM India Money Market Fund - Direct Plan - Growth Option has experienced over the last 5-year window is 0.11% — its NAV fell from a high on 06 Jul 2026 to a low on 08 Jul 2026. 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, PGIM India Money Market Fund - Direct Plan - Growth Option averaged 6.20% (best 6.51%, worst 5.98%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.29 — negative risk-adjusted performance.

In calendar year 2025, PGIM India Money Market Fund - Direct Plan - Growth Option returned 7.34% — lagging the Money Market Fund category average of 7.47% by 0.13 pp. It ranked #20 of 24 in its category that year.

PGIM India Money Market Fund - Direct Plan - Growth Option 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. PGIM India Money Market Fund - Direct Plan - Growth Option 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: 0.1%. 5-year CAGR: 6.51%.

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

PGIM India Money Market Fund - Direct Plan - Growth Option

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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