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3 star

Nippon India Money Market Fund

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Debt: Money Market

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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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 3.08 0.02 0.05 0.27 0.89 1.86 3.78 6.27 6.56 7.01 7.71
CCIL T Bill Liquidity Weight 1.64 0.00 0.02 0.10 0.49 1.04 2.01 3.31 3.61 4.04 4.51
Debt: Money Market 2.81 0.02 0.04 0.23 0.84 1.72 3.46 5.90 6.28 6.85 7.59
Rank within category 4 1 3 2 8 6 3 4 3 4 5
Number of funds in category 18 20 20 20 18 18 17 14 12 12 12

As on 25-Oct-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 3.78 6.27 6.56 0.27% 8,561
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 3.84 6.48 6.73 0.33% 14,464
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 3.76 6.40 6.54 0.35% 14,252
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 3.68 6.22 6.52 0.33% 13,155
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 3.90 4.33 5.05 0.43% 6,945

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 3.79 22-Oct-2020 - 22-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.24 0.71 3.24 7.88 1.41 3.15
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Money Market 6.05 1.10 2.43 6.15 1.50 3.01
Rank within category 5 5 1 2 9 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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 48 64 42 43
Modified Duration (yrs) 0.25 0.43 0.25 0.31
Average Maturity (yrs) 0.27 0.47 0.27 0.32
Yield to Maturity (%) 3.64 3.88 3.31 3.75
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 13.28
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 14.04 10.95
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 9.41 8.12
down Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 5.75 5.75
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 4.93 4.93
equal Export-Import Bank 181-D 21/12/2021 Certificate of Deposit A1+ 0.00 - 5.37 4.06
up 8.15% GOI 2022 Central Government Loan SOV 0.00 - 3.01 3.01
equal IDFC First Bank 18/03/2022 Floating Rate Notes A1+ 0.00 - 3.64 2.93
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.87 2.87
equal Reliance Industries 146-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.32 2.32
equal Bharti Hexacom 176-D 22/12/2021 Commercial Paper A1+ 0.00 - 2.68 2.32
new ICICI Securities 224-D 06/05/2022 Commercial Paper A1+ 0.00 - 2.28 2.28
down Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.03 1.86
equal Barclays Investments & Loans 183-D 18/11/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
equal Axis Bank 31/01/2022 Certificate of Deposit A1+ 0.00 - 1.73 1.73
up Cholamandalam Investment & Finance Company 361-D 14/03/2022 Commercial Paper A1+ 0.00 - 1.72 1.72
down Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 2.11 1.57
new Network 18 Media & Inv 155-D 15/02/2022 Commercial Paper A1+ 0.00 - 1.44 1.44
equal Tata Capital 181-D 03/02/2022 Commercial Paper A1+ 0.00 - 1.44 1.44
down Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.62 1.34
equal ICICI Securities 174-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.34 1.16
equal Infina Finance 180-D 21/12/2021 Commercial Paper A1+ 0.00 - 1.34 1.16
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 1.15 1.15
equal Barclays Investments & Loans 273-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.32 1.15
equal Can Fin Homes 334-D 18/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.15

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 30-Sep-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:

Invest Online
0.02%

Change from previous, NAV as on 25-Oct-2021

Growth: ₹ 3,263.1383

IDCW Weekly: ₹ 1,004.3158

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IDCW Quarterly: ₹ 1,011.7335

IDCW Monthly: ₹ 1,012.5978

IDCW Daily: ₹ 1,003.6794

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: 7.49%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 8,561 Cr (As on 30-Sep-2021)
Expense: 0.27% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily25-Oct-20210.2199

 22-Oct-20210.0787
 21-Oct-20210.0591
 20-Oct-20210.1242
 18-Oct-20210.2273
 14-Oct-20210.0981
 13-Oct-20210.1468
 12-Oct-20210.1235
 11-Oct-20210.3183
 08-Oct-20210.2219
 07-Oct-20210.1023
 06-Oct-20210.0205
 05-Oct-20210.0725
 04-Oct-20210.3096
 01-Oct-20210.1087
 30-Sep-20210.1100
 28-Sep-20210.0418
 27-Sep-20210.2525
 23-Sep-20210.0671
 22-Sep-20210.0421
 21-Sep-20210.0836
 20-Sep-20210.2596
 17-Sep-20210.0832
 16-Sep-20210.1045
 15-Sep-20210.0583
IDCW Weekly22-Oct-20210.2623

 18-Oct-20210.9151
 08-Oct-20210.7275
 01-Oct-20210.5422
 24-Sep-20210.4233
 17-Sep-20210.3317
 13-Sep-20210.9016
 03-Sep-20210.7878
 27-Aug-20210.6840
 20-Aug-20210.8764
 13-Aug-20210.9235
 06-Aug-20210.6332
 30-Jul-20210.6741
 23-Jul-20210.7307
 16-Jul-20210.8964
 09-Jul-20210.7778
 02-Jul-20211.0198
 25-Jun-20210.7132
 18-Jun-20210.4511
 11-Jun-20210.8729
 04-Jun-20210.6285
 28-May-20210.6618
 21-May-20210.7418
 14-May-20210.6288
 07-May-20210.5792
IDCW Monthly27-Sep-20212.8393

 25-Aug-20213.2173
 26-Jul-20213.4593
 25-Jun-20212.7967
 25-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
IDCW Quarterly20-Sep-202110.3174

 21-Jun-202110.2947
 19-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

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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