Bajaj Finserv Money Market Fund-Reg(G)

Scheme Introduction:

Bajaj Finserv Money Market Fund-Reg(G) is an open-ended money market fund designed for investors who want to park money for the short term while seeking reasonable returns with relatively low volatility. Money market funds typically invest in money market instruments with maturity up to 1 year, which is longer than liquid and overnight funds, and that is why returns and risk can be slightly higher as well.

 

As of 1 Feb 2026, Bajaj Finserv Money Market Fund-Reg(G) manages 4991 in assets, has a Yield to Maturity (YTM) of 6, and a Modified Duration of 162.

 

In simple terms: YTM indicates the portfolio’s current income potential, while modified duration shows how sensitive the fund is to interest-rate changes (lower is typically more stable for short-term parking).

Investment Objective:

The investment objective of Bajaj Finserv Money Market Fund-Reg(G) is to generate reasonable returns with adequate liquidity by investing in money market instruments, in line with money market fund norms. Investors can typically invest and redeem on business days (subject to scheme cut-off timings and applicable exit load).

 

The current NAV of the scheme is ₹1193.68 as on 23 Mar 2026, and the risk level is Moderately Low.

Key Scheme Metrics:

Bajaj Finserv Money Market Fund-Reg(G) was launched on 24 Jul 2023 and is benchmarked against Nifty Money Market Index. The scheme is managed by Siddharth Chaudhary who has been managing the fund since 17 Jul 2023 and the fund is also managed by Nimesh Chandan. The exit load of the fund is Nil.

Asset Type Allocation:

Bajaj Finserv Money Market Fund-Reg(G) invests across money market and short-term debt instruments to balance liquidity and yield. As of 28 Feb 2026, the portfolio is allocated to Certificate of Deposit (58%), Commercial Paper (24%), Treasury Bills (9%), Government Securities (2%).

 

A quick way to read this: higher G-Secs/cash typically signals more conservatism and liquidity, while higher CD/CP/corporate bonds often aim to improve yield, assuming credit quality stays strong.

Rating Allocation:

Credit quality matters even in money market funds because they can take exposure across a wider set of issuers and maturities (up to 1 year). The fund’s portfolio is allocated 81% to A1+, 11% to SOV.

 

In plain language: the higher the share of top-rated and sovereign instruments, the more the fund is leaning toward safety and stability. For money market funds, credit quality is the most important filter, because one avoidable credit event can matter more than small return differences.

Top 5 holdings:

The top 5 holdings of the fund are Small Industries Dev Bank of India (7.7%), Punjab National Bank (6.6%), Canara Bank (6.3%), National Bank For Agriculture and Rural Development (6.2%), Union Bank of India (5.8%)

 

In money market funds, large holdings are commonly CDs/CPs, T-bills, and high-quality short-term issuances from well-known institutions, chosen mainly for liquidity and credit comfort.

Top Sector Allocation:

Sector	Allocation (%)
"Bank	60%
Finance	28%
G-Sec	11%
Engineering	3%
Unspecified	0%

 

It is normal for money market funds to show meaningful exposure to banks and financial institutions, because CDs and CPs are frequently issued by them, along with selected high-quality corporate issuers.

Performance:

Bajaj Finserv Money Market Fund-Reg(G)’s recent annualized returns are 6.3% (1 Year), % (3 Years) and % (5 years). Over 1 year, it has delivered 6.3% annualized returns. These returns are as of 24 Mar 2026

 

Against the full money market fund peer set, the scheme is ranked 22/24 over 1 year, / over 3 years, / over 5 years period.

 

One simple way to interpret rankings: money market funds may still cluster close in returns, so comparing returns against peers will not make sense unless and until there is a meaningful deviation.

How much money would you have made:

If you had invested ₹1,00,000 in Bajaj Finserv Money Market Fund-Reg(G) then you would have got:

SIP Invested ₹1,00,000

Duration	Annualized Returns (%)	Current Total Value	Current Total Profit
1 Year	6.3%	₹106300.00	₹6300.00
3 Year	%	₹	₹
5 Year	%	₹	₹

Note: These are historical returns and they may not repeat in the future.

Also note for very short holding periods, exit load can impact realized returns. Always check exit load before investing in any fund. Data updated as of 24 Mar 2026

Debt quants:

The Potential Risk Class (PRC) matrix of Bajaj Finserv Money Market Fund-Reg(G) is B-I which means that the fund has Relatively low interest rate risk and moderate credit risk.

Who should invest in Money Market Funds?

It may suit investors who want to:

• Park surplus funds for a few months to around a year.
• Maintain liquidity for near-term needs, while aiming for potentially better accrual potential than liquid/overnight funds
• Prefer lower volatility versus longer-duration debt funds
• Use it as a structured alternative to leaving large cash balances idle

Benefits of investing in Money Market Funds:

It offers a few practical benefits: professional management of money market instruments, easy entry/exit (subject to cut-offs), a portfolio designed to balance stability and yield, and a structure that can be useful for short-term cash management, like emergency buffers, business expenses, planned expenses or any near-term goals.

Things to consider before investing in Money Market Funds:

Money market funds are relatively low risk, but not risk-free. Key things to watch are credit quality (ratings mix), exit load/cut-off rules, changes in YTM and duration, and whether the scheme’s role matches your time horizon. Compared to liquid/overnight funds, money market funds can carry slightly higher credit and interest-rate sensitivity, so they are generally better suited for a few months’ horizon rather than overnight parking.

Taxation of Money Market Funds:

For Money Market funds, taxation depends heavily on when you bought your units. Units acquired on or after 1 April 2023 are generally taxed as short-term capital gains at your slab rate and there are no long-term capital gain and loss benefits.

 

For units acquired before 1 April 2023, taxation follows the older capital-gains framework based on holding period and the date of sale.

 

Note that regulatory/tax updates over time can change how long-term treatment works.

Conclusion

Bajaj Finserv Money Market Fund-Reg(G) is positioned as a short-term parking option that aims to keep your money accessible while delivering reasonable returns through a portfolio of money market and short-term debt instruments (with maturity up to 1 year).

 

A simple way to track whether it is doing its job is to follow three live indicators: credit quality, peer ranking consistency, and monthly movement in YTM and modified duration. Among these, credit quality should always come first because protecting capital matters more than chasing marginally higher returns; focus on the rating mix (AAA/AA+/sovereign exposure), issuer concentration, and any meaningful shifts in the credit profile, and use returns/ranks mainly as a supporting check.