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Fund name
|
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
---|---|---|---|---|---|---|
Nippon India Money Market Fund - Direct Plan
|
Moderate
|
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0.25 |
|||
Low to Moderate
|
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0.23 |
||||
Low to Moderate
|
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0.16 |
||||
Moderate
|
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0.22 |
||||
Moderate
|
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0.15 |
₹16,582 Cr
--
500
100
100
60
Investment Strategy
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.
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."
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
Nippon India Money Market Fund - Direct Plan is mandated to invest in bonds having maturity of up to one year and therefore, it is suitable to invest in for a similar time frame.
Mutual funds can be bought directly from the website of the fund house. For instance, Nippon India Money Market Fund - Direct Plan fund can be purchased from the website of Nippon India Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Nippon India Money Market Fund - Direct Plan is ₹4,074.6659 as of 15-Feb-2025.
The AUM of Nippon India Money Market Fund - Direct Plan Fund is ₹16,582 Cr as of 31-Jan-2025
The riskometer level of Nippon India Money Market Fund - Direct Plan is Moderate. See More
Company | Percentage of Portfolio |
---|---|
Punjab National Bank CD 05/12/2025 |
4.68
|
HDFC Bank Ltd CD 02/06/2025 |
2.79
|
Union Bank of India CD 10/12/2025 |
2.55
|
Indian Bank CD 19/01/2026 |
2.53
|
Bank Of Baroda CD 23/05/2025 |
2.36
|
As of 31-Jan-2025, Nippon India Money Market Fund - Direct Plan had invested 97.75% in Debt and 2.25% in Cash & Cash Eq. See More
Nippon India Money Market Fund - Direct Plan is 12 years 1 months old. It has delivered 7.32% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
7.84%
|
6.94%
|
6.09%
|
6.66%
|
6.92%
|
7.32%
|
No, There is no lock in period in Nippon India Money Market Fund - Direct Plan.
The expense ratio of Nippon India Money Market Fund - Direct Plan is 0.25.