Aditya Birla SL Money Manager Fund achieved a 1.0% return over the past month, outperforming its benchmark of 0.7%. The fund has shown consistent performance over one-year and three-year periods, standing out among money-market mutual funds with over ₹1,500 crore in assets.
Aditya Birla SL Money Manager Fund has recorded a 1.0% return over the most recent one-month period, positioning itself at the top of the money-market mutual fund category as of July 7, 2026. This performance has drawn attention from investors looking at short-term debt instruments, as the fund managed to exceed its benchmark return of 0.7% by 0.3 percentage points during the same timeframe.
Financial data indicates that this recent performance is part of a longer trend of outperformance for the scheme. Over the last year, the fund delivered a 6.2% return, which notably surpassed the 4.3% return recorded by its benchmark. When looking at a three-year horizon, the fund maintained its momentum with a 7.3% return. These figures reflect the fund's strategy in navigating interest rate environments and credit quality within the short-term debt space.
The money-market category is competitive, with several established schemes vying for investor interest. While Aditya Birla SL Money Manager Fund led the one-month returns, peers such as the DSP Savings Fund and ICICI Pru Money Market Fund also posted 1.0% returns for the same period. For investors comparing these options, the scale of the fund is often a factor. Among these top performers, the ICICI Pru Money Market Fund holds the largest assets under management, totaling approximately ₹31,085.2 crore. To ensure stability and liquidity, the tracking criteria for these top-tier comparisons include only funds with an asset size of at least ₹1,500 crore.
For investors, the primary monitorable for money-market funds remains the prevailing interest rate environment as set by the Reserve Bank of India, which directly influences the yields on the debt securities these funds hold. Additionally, investors should track the fund's portfolio credit quality and expense ratio, as these factors play a critical role in net returns over time. As these funds primarily invest in short-term debt instruments, they are generally considered by those seeking relatively stable parking for surplus cash compared to equity or long-term debt funds.