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3 star

Nippon India Money Market Fund


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 1.70 0.01 0.09 0.32 1.04 1.90 4.34 6.81 6.83 7.29 7.92
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Money Market 1.53 0.01 0.07 0.28 0.98 1.71 3.99 6.38 6.61 7.13 7.81
Rank within category 4 6 3 4 7 3 7 4 4 4 5
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 11-Jun-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  | Invest Online
3 star
Jun-05 4.34 6.81 6.83 0.29 9,596
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 4.50 6.88 6.80 0.35 15,383
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 4.36 6.73 6.80 0.33 14,104
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 4.61 7.01 7.00 0.30 14,089
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 4.61 4.26 5.31 0.43 3,722

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 1.87 24-Mar-2020 - 23-Apr-2020 -0.44 25-Feb-2020 - 26-Mar-2020
Quarter 3.26 24-Mar-2020 - 24-Jun-2020 0.45 24-Dec-2019 - 24-Mar-2020
Year 9.83 05-Sep-2011 - 04-Sep-2012 4.31 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.66 0.67 3.53 6.86 1.34 3.40
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.41 1.11 2.58 5.41 1.42 3.21
Rank within category 5 4 1 4 9 5
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 59 64 44 42
Modified Duration (yrs) 0.35 0.45 0.27 --
Average Maturity (yrs) 0.39 0.47 0.28 --
Yield to Maturity (%) 3.71 4.43 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
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 10.88 10.30
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 10.18 7.72
equal National Bank Agr. Rur. Devp 1790-D 31/08/2021 Commercial Paper A1+ 0.00 - 5.74 4.13
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 6.45 3.87
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 4.03 3.61
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 4.30 3.09
equal IDFC First Bank 18/03/2022 Floating Rate Notes A1+ 0.00 - 3.64 2.61
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.59 2.58
new Reserve Bank of India 91-D 26/08/2021 Treasury Bills SOV 0.00 - 2.33 2.33
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.30 2.30
equal Bharti Hexacom 183-D 09/09/2021 Commercial Paper A1+ 0.00 - 2.86 2.06
equal Motilal Oswal Financial 181-D 15/09/2021 Commercial Paper A1+ 0.00 - 2.84 2.05
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.51 1.81
equal IDFC First Bank 28/09/2021 Certificate of Deposit A1+ 0.00 - 2.01 1.80
up 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 1.69 1.69
equal LIC Housing Fin. 160-D 20/07/2021 Commercial Paper A1+ 0.00 - 2.16 1.56
equal JM Financial Services 180-D 07/06/2021 Commercial Paper A1+ 0.00 - 2.24 1.56
equal Can Fin Homes 153-D 05/08/2021 Commercial Paper A1+ 0.00 - 2.16 1.55
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 1.73 1.55
new Reliance Jio Infocomm 91-D 11/08/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
equal Standard Chartered Invest&Loan 157-D 20/09/2021 Commercial Paper A1+ 0.00 - 1.72 1.54
new Barclays Investments & Loans 175-D 25/10/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.50 1.50
equal LIC Housing Fin. 164-D 21/06/2021 Commercial Paper A1+ 0.00 - 1.81 1.30
equal Axis Finance 178-D 24/09/2021 Commercial Paper A1+ 0.00 - 1.79 1.29

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-May-2021

*As on 30-Apr-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 11-Jun-2021

Growth: ₹ 3,219.6018

IDCW Weekly: ₹ 1,004.0956

More

IDCW Quarterly: ₹ 1,018.7281

IDCW Monthly: ₹ 1,011.3194

IDCW Daily: ₹ 1,003.6793


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: 16-Jun-2005
Return Since Launch: 7.58%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,596 Cr (As on 31-May-2021)
Expense: 0.29% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.1155

 10-Jun-20210.1319
 09-Jun-20210.1837
 08-Jun-20210.1175
 07-Jun-20210.3238
 04-Jun-20210.0850
 03-Jun-20210.1092
 02-Jun-20210.0659
 01-Jun-20210.1062
 31-May-20210.2621
 28-May-20210.1119
 27-May-20210.1854
 25-May-20210.0833
 24-May-20210.2806
 21-May-20210.1484
 20-May-20210.0910
 19-May-20210.1089
 18-May-20210.1013
 17-May-20210.2915
 14-May-20210.2047
 12-May-20210.0976
 11-May-20210.1359
 10-May-20210.1901
 07-May-20210.0802
 06-May-20210.0945
IDCW Weekly11-Jun-20210.8729

 04-Jun-20210.6285
 28-May-20210.6618
 21-May-20210.7418
 14-May-20210.6288
 07-May-20210.5792
 30-Apr-20210.8628
 23-Apr-20210.9658
 16-Apr-20210.6643
 09-Apr-20210.5106
 05-Apr-20211.2999
 26-Mar-20210.9530
 19-Mar-20210.7760
 12-Mar-20210.7579
 05-Mar-20210.5987
 26-Feb-20210.5026
 22-Feb-20211.1993
 12-Feb-20210.8802
 05-Feb-20210.6239
 29-Jan-20210.7188
 22-Jan-20210.4908
 15-Jan-20210.1386
 08-Jan-20210.7944
 01-Jan-20210.6490
 28-Dec-20201.0588
IDCW Monthly25-May-20212.7119

 26-Apr-20213.5140
 25-Mar-20213.1558
 25-Feb-20213.4528
 25-Jan-20212.1880
 28-Dec-20202.6537
 25-Nov-20203.4741
 26-Oct-20204.5086
 25-Sep-20203.3412
 25-Aug-20203.6893
 27-Jul-20205.0364
 25-Jun-20204.6124
 26-May-20209.0871
 27-Apr-20209.5462
 25-Feb-20203.8896
 27-Jan-20203.5720
 26-Dec-20193.3091
 25-Nov-20193.7700
 25-Oct-20195.6191
 25-Sep-20193.5039
 26-Aug-20194.4290
 25-Jul-20194.8407
 25-Jun-20194.5440
 27-May-20194.7334
 25-Apr-20195.2957
IDCW Quarterly19-Mar-20218.8127

 21-Dec-202010.8916
 21-Sep-202012.2499
 19-Jun-202021.0596
 19-Mar-20208.6880
 19-Dec-201912.8398
 19-Sep-201914.5832
 19-Jun-201914.8613
 19-Mar-201914.5471
 19-Dec-201815.1840
 19-Sep-201813.8633
 19-Jun-201813.2353
 19-Mar-201811.5994
 19-Dec-201711.3244
 19-Sep-201711.7044
 19-Jun-201711.8369
 20-Mar-201711.8237
 19-Dec-201612.2050
 19-Sep-201612.9544
 20-Jun-201614.8316
 21-Mar-201613.6754
 21-Dec-201513.6755
 21-Sep-201514.6493
 19-Jun-201515.8805
 19-Mar-201515.1281

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

Upcoming Video

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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM