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3 star

Nippon India Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 is negligible but they do not guarantee returns or safety of capital.

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.

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 4.80 0.01 0.08 0.32 1.20 3.69 6.78 7.64 7.53 7.98 --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 4.19 4.68 --
Debt: Money Market 4.55 0.01 0.07 0.30 1.10 3.49 6.45 7.24 7.47 7.97 --
Rank within category 10 3 8 9 9 13 9 5 8 8 --
Number of funds in category 19 20 20 20 20 20 19 13 13 13 0

As on 18-Sep-2020

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 6.78 7.64 7.53 0.15 5,991
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.04 7.59 7.96 0.23 21,086
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.40 7.76 7.60 0.21 10,759
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.33 7.88 7.72 0.21 9,969
Franklin India Savings Fund - Direct Plan  | Invest Online Now
5 star
Jan-13 7.03 7.70 7.96 0.13 1,308

Best & Worst Performance

Best (Period) Worst (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) 6.56 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.43 0.50 4.61 13.20 0.90 3.34
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market 7.05 0.80 3.36 7.87 0.78 2.83
Rank within category 5 5 3 1 11 5
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 54 54 32 34
Modified Duration (yrs) 0.38 0.52 0.28 0.36
Average Maturity (yrs) 0.39 0.55 0.29 0.33
Yield to Maturity (%) 3.72 6.22 3.72 3.67

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.12% GOI 2020 Central Government Loan SOV 0.00 - 10.39 6.25
equal IDFC First Bank 2021 Certificate of Deposit A1+ 0.00 - 4.87 4.12
up 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 3.85 3.48
equal Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 4.62 3.31
equal L&T Infrastructre Finance 176-D 15/12/2020 Commercial Paper A1+ 0.00 - 4.58 3.30
new Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 3.28 3.28
equal Reliance Industries 362-D 25/01/2021 Commercial Paper A1+ 0.00 - 4.23 2.55
equal SIDBI 14/01/2021 Commercial Paper A1+ 0.00 - 4.11 2.47
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 4.02 2.46
equal LIC Housing Fin. 363-D 09/02/2021 Commercial Paper A1+ 0.00 - 3.43 2.46
new L&T Finance 181-D 22/02/2021 Commercial Paper A1+ 0.00 - 2.45 2.45
new L&T Finance Holdings 181-D 23/02/2021 Commercial Paper A1+ 0.00 - 2.45 2.45
new Adani Ports and Special Economic Zone 200-D 05/03/2021 Commercial Paper A1+ 0.00 - 2.45 2.45
new Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 2.30 2.30
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 2.55 2.14
new Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 2.13 2.13
equal 7.13% Madhya Pradesh State 27/03/2021 State Development Loan SOV 0.00 - 2.54 2.13
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.01 2.01
new Hindustan Zinc 365-D 10/08/2021 Commercial Paper A1+ 0.00 - 2.00 2.00
equal Muthoot Finance 91-D 15/09/2020 Commercial Paper A1+ 0.00 - 2.32 1.67
new Reserve Bank of India 182-D 17/12/2020 Treasury Bills SOV 0.00 - 1.65 1.65
equal Manappuram Finance 146-D 07/12/2020 Commercial Paper A1+ 0.00 - 1.95 1.65
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 2.74 1.65
equal Manappuram Finance 153-D 14/12/2020 Commercial Paper A1+ 0.00 - 1.95 1.65
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.75 1.65

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-Aug-2020

Fund Manager

— Anju Chhajer since 01-Feb-2020

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

Experience: Prior to joining Reliance 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 18-Sep-2020

Growth: ₹ 3,151.1707

Dividend Weekly: ₹ 1,005.4550

More

Dividend Quarterly: ₹ 1,021.7769

Dividend Monthly: ₹ 1,011.3798

Dividend Daily: ₹ 1,004.9418

Bonus: ₹ 1,852.9560


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
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.08%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,991 Cr (As on 31-Aug-2020)
Expense: 0.15% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly18-Sep-20200.7145

 11-Sep-20201.0434
 04-Sep-20200.9313
 28-Aug-20201.0370
 21-Aug-20201.0669
 14-Aug-20201.0528
 07-Aug-20201.0801
 31-Jul-20201.0092
 24-Jul-20201.4011
 17-Jul-20201.2635
 10-Jul-20201.0871
 03-Jul-20201.2960
 26-Jun-20201.2104
 19-Jun-20201.0582
 12-Jun-20201.4396
 05-Jun-20201.3151
 29-May-20201.3768
 22-May-20201.2852
 15-May-20201.3332
 08-May-20200.7077
 04-May-20201.8354
 24-Apr-20201.1751
 17-Apr-20201.6602
 13-Apr-20200.7785
 03-Apr-20202.3684
Dividend Daily17-Sep-20200.1837

 15-Sep-20200.1398
 14-Sep-20200.4402
 11-Sep-20200.1401
 10-Sep-20200.1428
 09-Sep-20200.1908
 08-Sep-20200.1430
 07-Sep-20200.4251
 04-Sep-20200.1235
 03-Sep-20200.1407
 02-Sep-20200.1387
 01-Sep-20200.1364
 31-Aug-20200.3909
 28-Aug-20200.1436
 27-Aug-20200.1451
 26-Aug-20200.0918
 25-Aug-20200.2111
 24-Aug-20200.4443
 21-Aug-20200.1439
 20-Aug-20200.0655
 19-Aug-20200.1631
 18-Aug-20200.1539
 17-Aug-20200.5392
 14-Aug-20200.1594
 13-Aug-20200.1489
Dividend Monthly25-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
 25-Sep-20193.5637
 26-Aug-20194.4887
 25-Jul-20194.9043
 25-Jun-20194.5918
 27-May-20194.7976
 25-Apr-20195.3614
 25-Mar-20194.5234
 25-Feb-20194.5993
 25-Jan-20195.4861
 26-Dec-20185.2630
 26-Nov-20184.8200
 25-Oct-20185.3985
 25-Sep-20183.7702
 27-Aug-20185.1015
 25-Jul-20184.9189
Dividend Quarterly19-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
 19-Jun-201516.0502
 19-Mar-201515.3038
 19-Dec-201415.7622
 19-Sep-201416.9340
 19-Jun-201418.2601

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

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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dateFriday, 25-Sep-2020
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