The invention discloses functional mandulapalka milk rich in crocin and iridoid glycoside and a preparing method thereof. The functional mandulapalka milk is composed of, by weight, 1-10 parts of gardenia milk pulp, 1-9 parts of mandulapalka milk pulp and 1-3 parts of tea pulp. The gardenia milk pulp is composed of, by weight, 10-20 parts of gardenia powder and 80-90 parts of water. The gardenia powder is prepared by at least one of gardenia whole fruits, gardenia florida and skim gardenia meal. The mandulapalka milk pulp is composed of, by weight, 10-20 parts of mandulapalka powder and 80-90 parts of water. The mandulapalka powder is prepared by mandulapalka and / or skim mandulapalka meal. The tea pulp is composed of, by weight, 1-5 parts of tea and 95-99 parts of water. The functional mandulapalka milk contains protein, unsaturated fat and other nutritious substance, the health care functions of the crocin and iridoid glycoside in gardenia can be fully utilized, and the functions of being resisting to depression, preventing nerve cell and brain tissue damage and improving the heart and cerebral vessel functions and cognitive ability of middle-aged and aged people are achieved.