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3 star

Nippon India Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 0.15 0.01 0.05 0.26 0.87 1.97 5.77 7.23 7.16 7.58 8.10
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Money Market 0.13 0.01 0.04 0.22 0.76 1.73 5.35 6.77 6.96 7.44 8.00
Rank within category 5 4 8 3 1 5 8 3 4 4 5
Number of funds in category 20 20 20 20 19 19 18 12 12 12 12

As on 22-Jan-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 5.77 7.23 7.16 0.26 6,660
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.35 7.25 7.12 0.35 11,197
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.38 7.43 7.34 0.34 9,548
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 6.02 7.16 7.14 0.33 8,884
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 6.19 4.65 5.61 0.44 1,524

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 1.87 (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) 4.49 (05-Jun-2009 - 05-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.08 0.58 4.01 7.91 1.16 3.46
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Money Market 6.73 1.04 2.76 5.46 1.34 3.28
Rank within category 5 4 1 2 10 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 57 64 35 39
Modified Duration (yrs) 0.35 0.52 0.32 0.31
Average Maturity (yrs) 0.36 0.55 0.33 0.30
Yield to Maturity (%) 3.57 6.22 3.31 3.33
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
new 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 8.18 8.18
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 7.41 7.41
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 5.92 5.92
new National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 4.44 4.44
down Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 6.26 3.94
new HDFC 166-D 17/05/2021 Commercial Paper A1+ 0.00 - 3.70 3.70
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.69 3.69
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 2.95 2.95
down 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 3.85 2.72
equal Adani Ports and Special Economic Zone 200-D 05/03/2021 Commercial Paper A1+ 0.00 - 2.45 2.24
equal IDFC First Bank 23/04/2021 Certificate of Deposit A1+ 0.00 - 2.23 2.23
equal LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.22 2.22
new National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.22 2.22
new L&T Infrastructre Finance 165-D 11/06/2021 Commercial Paper A1+ 0.00 - 2.21 2.21
new JM Financial Services 180-D 07/06/2021 Commercial Paper A1+ 0.00 - 2.20 2.20
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 2.06 2.06
down Reserve Bank of India 364-D 08/04/2021 Treasury Bills SOV 0.00 - 2.15 1.94
equal IDFC First Bank 30/04/2021 Certificate of Deposit A1+ 0.00 - 1.86 1.86
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.10 1.84
new 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 1.83 1.83
new Reserve Bank of India 364-D 27/05/2021 Treasury Bills SOV 0.00 - 1.56 1.56
equal Hero FinCorp 236-D 16/02/2021 Commercial Paper A1+ 0.00 - 2.27 1.50
equal L&T Finance Holdings 2021 Commercial Paper A1+ 0.00 - 1.49 1.49
down L&T Finance 181-D 22/02/2021 Commercial Paper A1+ 0.00 - 2.56 1.49
equal Hero FinCorp 196-D 08/03/2021 Commercial Paper A1+ 0.00 - 1.71 1.49

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-Dec-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 22-Jan-2021

Growth: ₹ 3,170.5038

Dividend Weekly: ₹ 1,004.0830

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Dividend Quarterly: ₹ 1,011.9490

Dividend Monthly: ₹ 1,010.8048

Dividend Daily: ₹ 1,003.6665


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: 16-Jun-2005
Return Since Launch: 7.67%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,660 Cr (As on 31-Dec-2020)
Expense: 0.26% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0910

 21-Jan-20210.0823
 20-Jan-20210.1368
 19-Jan-20210.0299
 18-Jan-20210.1504
 15-Jan-20210.0161
 13-Jan-20210.0936
 12-Jan-20210.0289
 08-Jan-20210.0838
 07-Jan-20210.1221
 06-Jan-20210.1178
 05-Jan-20210.1167
 04-Jan-20210.3535
 01-Jan-20210.1204
 31-Dec-20200.1995
 30-Dec-20200.2168
 29-Dec-20200.1119
 28-Dec-20200.4492
 24-Dec-20200.1235
 23-Dec-20200.1680
 22-Dec-20200.0839
 21-Dec-20200.2334
 18-Dec-20200.1139
 17-Dec-20200.1488
 16-Dec-20200.1130
Dividend Weekly22-Jan-20210.4908

 15-Jan-20210.1386
 08-Jan-20210.7944
 01-Jan-20210.6490
 28-Dec-20201.0588
 18-Dec-20200.9094
 11-Dec-20200.8244
 04-Dec-20200.8064
 27-Nov-20200.9067
 20-Nov-20200.8830
 13-Nov-20200.9120
 06-Nov-20200.4724
 02-Nov-20201.2950
 23-Oct-20200.9458
 16-Oct-20200.8901
 09-Oct-20200.4987
 05-Oct-20201.4309
 25-Sep-20200.8276
 18-Sep-20200.6946
 11-Sep-20201.0232
 04-Sep-20200.9118
 28-Aug-20201.0177
 21-Aug-20201.0470
 14-Aug-20201.0334
 07-Aug-20201.0610
Dividend Monthly28-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
 25-Mar-20194.4672
 25-Feb-20194.5406
 25-Jan-20195.4204
 26-Dec-20185.2004
 26-Nov-20184.7624
Dividend Quarterly21-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
 19-Dec-201415.6345

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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Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM