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3 star

Nippon India Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.51 0.01 0.08 0.33 0.87 1.92 3.84 6.23 6.61 7.05 --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 --
Debt: Money Market 3.40 0.01 0.08 0.33 0.86 1.88 3.71 6.17 6.46 7.05 --
Rank within category 7 7 7 8 10 6 6 6 6 8 --
Number of funds in category 18 20 20 20 19 18 18 14 12 12 0

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Money Market Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.84 6.23 6.61 0.17% 8,408
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.86 6.45 6.68 0.21% 15,828
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.90 6.47 6.80 0.21% 14,819
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.78 6.21 6.59 0.21% 13,305
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.06 6.51 5.13 0.25% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.16 24-Mar-2020 - 31-Mar-2020 -0.78 17-Mar-2020 - 24-Mar-2020
Month 1.88 24-Mar-2020 - 23-Apr-2020 -0.43 25-Feb-2020 - 26-Mar-2020
Quarter 3.28 24-Mar-2020 - 24-Jun-2020 0.47 24-Dec-2019 - 24-Mar-2020
Year 9.82 26-Jul-2013 - 27-Jul-2014 3.84 29-Oct-2020 - 29-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.17 0.72 3.21 7.56 1.42 3.17
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market 6.29 0.93 2.80 7.34 1.60 3.40
Rank within category 7 5 3 9 8 7
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 64 42 45
Modified Duration (yrs) 0.25 0.43 0.25 --
Average Maturity (yrs) 0.27 0.47 0.27 --
Yield to Maturity (%) 3.97 3.97 3.31 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 14.22 12.62
down Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 9.41 6.58
down Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 4.93 4.44
down Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 5.75 4.21
equal Export-Import Bank 181-D 21/12/2021 Certificate of Deposit A1+ 0.00 - 5.37 4.14
new Jamnagar Utilities and Power 244-D 22/06/2022 Commercial Paper A1+ 0.00 - 3.47 3.47
new Sikka Ports and Terminals 244-D 22/06/2022 Commercial Paper A1+ 0.00 - 3.47 3.47
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 3.05 3.05
equal IDFC First Bank 18/03/2022 Floating Rate Notes A1+ 0.00 - 3.64 2.98
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.93 2.93
new ICICI Securities 182-D 26/04/2022 Commercial Paper A1+ 0.00 - 2.91 2.91
equal Bharti Hexacom 176-D 22/12/2021 Commercial Paper A1+ 0.00 - 2.68 2.37
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.37 2.37
equal ICICI Securities 224-D 06/05/2022 Commercial Paper A1+ 0.00 - 2.32 2.32
equal Barclays Investments & Loans 183-D 18/11/2021 Commercial Paper A1+ 0.00 - 1.78 1.78
equal Axis Bank 31/01/2022 Certificate of Deposit A1+ 0.00 - 1.77 1.77
new Axis Finance 111-D 10/02/2022 Commercial Paper A1+ 0.00 - 1.76 1.76
equal Cholamandalam Investment & Finance Company 361-D 14/03/2022 Commercial Paper A1+ 0.00 - 1.75 1.75
new Adani Ports and Special Economic Zone 90-D 30/12/2021 Commercial Paper A1+ 0.00 - 1.48 1.48
new Reliance Industries 91-D 11/01/2022 Commercial Paper A1+ 0.00 - 1.48 1.48
equal Network 18 Media & Inv 155-D 15/02/2022 Commercial Paper A1+ 0.00 - 1.47 1.47
equal Tata Capital 181-D 03/02/2022 Commercial Paper A1+ 0.00 - 1.47 1.47
equal Infina Finance 180-D 21/12/2021 Commercial Paper A1+ 0.00 - 1.34 1.18
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.18 1.18
equal Can Fin Homes 334-D 18/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.18

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Anju Chhajer since 01-Feb-2020

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 3,301.2228

IDCW Weekly: ₹ 1,004.0760

More

IDCW Quarterly: ₹ 1,015.1778

IDCW Monthly: ₹ 1,010.3443

IDCW Daily: ₹ 1,003.6041

Bonus: ₹ 1,941.1925


Investment Strategy

The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.52%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 8,408 Cr (As on 31-Oct-2021)
Expense: 0.17% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.1198

 25-Nov-20210.0954
 24-Nov-20210.1151
 23-Nov-20210.1021
 22-Nov-20210.4108
 18-Nov-20210.1178
 17-Nov-20210.0751
 16-Nov-20210.1000
 15-Nov-20210.3374
 12-Nov-20210.1148
 11-Nov-20210.1461
 10-Nov-20210.1631
 09-Nov-20210.1959
 08-Nov-20210.6889
 03-Nov-20210.1629
 02-Nov-20210.1780
 01-Nov-20210.2288
 26-Oct-20210.0122
 25-Oct-20210.2281
 22-Oct-20210.0815
 21-Oct-20210.0618
 20-Oct-20210.1296
 18-Oct-20210.2383
 14-Oct-20210.1008
 13-Oct-20210.1495
IDCW Monthly25-Nov-20213.2585

 25-Oct-20212.4339
 27-Sep-20212.9276
 25-Aug-20213.2970
 26-Jul-20213.5366
 25-Jun-20212.8768
 25-May-20212.7887
 26-Apr-20213.5996
 25-Mar-20213.2302
 25-Feb-20213.5361
 25-Jan-20212.2679
 28-Dec-20202.7448
 25-Nov-20203.5567
 26-Oct-20204.5888
 25-Sep-20203.4329
 25-Aug-20203.7689
 27-Jul-20205.1232
 25-Jun-20204.6980
 26-May-20209.3166
 27-Apr-20209.6363
 25-Feb-20203.9484
 27-Jan-20203.6347
 26-Dec-20193.3707
 25-Nov-20193.8262
 25-Oct-20195.6847
IDCW Weekly26-Nov-20210.4322

 22-Nov-20211.0416
 12-Nov-20210.6202
 08-Nov-20211.2776
 29-Oct-20210.2231
 22-Oct-20210.2735
 18-Oct-20210.9426
 08-Oct-20210.7469
 01-Oct-20210.5619
 24-Sep-20210.4425
 17-Sep-20210.3430
 13-Sep-20210.9284
 03-Sep-20210.8075
 27-Aug-20210.7037
 20-Aug-20210.8954
 13-Aug-20210.9434
 06-Aug-20210.6527
 30-Jul-20210.6936
 23-Jul-20210.7504
 16-Jul-20210.9157
 09-Jul-20210.7966
 02-Jul-20211.0390
 25-Jun-20210.7328
 18-Jun-20210.4709
 11-Jun-20210.8915
IDCW Quarterly20-Sep-202110.5714

 21-Jun-202110.5522
 19-Mar-20219.0630
 21-Dec-202011.0957
 21-Sep-202012.4528
 19-Jun-202021.2850
 19-Mar-20208.9017
 19-Dec-201913.0243
 19-Sep-201914.7730
 19-Jun-201915.0500
 19-Mar-201914.7289
 19-Dec-201815.3666
 19-Sep-201814.0512
 19-Jun-201813.2850
 19-Mar-201811.8212
 19-Dec-201711.5058
 19-Sep-201711.8875
 19-Jun-201711.9676
 20-Mar-201711.8728
 19-Dec-201612.3920
 19-Sep-201613.1351
 20-Jun-201615.0033
 21-Mar-201613.8589
 21-Dec-201513.8296
 21-Sep-201514.6862

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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