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Nippon India Money Market Fund

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Debt: Money Market

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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 4.89 0.02 0.10 0.32 1.13 3.34 6.58 7.50 7.40 7.84 8.21
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Money Market 4.61 0.01 0.08 0.28 1.01 3.07 6.23 7.04 7.21 7.71 8.08
Rank within category 8 4 2 5 7 10 8 3 5 5 5
Number of funds in category 18 19 19 19 19 19 18 12 12 12 11

As on 01-Oct-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  | Invest Online
4 star
 Jun-05 6.58 7.50 7.40 0.25 5,991
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 7.11 7.52 7.36 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 7.12 7.71 7.58 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.83 7.45 7.40 0.33 9,757
Franklin India Savings Fund - Retail Plan  | Invest Online Now
5 star
 Feb-02 6.75 7.48 7.61 0.28 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 1.87 (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 7.26 0.52 4.22 9.81 1.00 3.36
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Money Market 6.82 0.85 2.98 6.24 0.89 2.78
Rank within category 3 4 2 2 10 4
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 30-Sep-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 0.31
Average Maturity (yrs) 0.39 0.55 0.29 0.31
Yield to Maturity (%) 3.72 6.22 3.72 3.58
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 8.12% 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:

Invest Online
0.02%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 3,133.5787

Dividend Weekly: ₹ 1,006.2092

More

Dividend Quarterly: ₹ 1,010.9611

Dividend Monthly: ₹ 1,009.6005

Dividend Daily: ₹ 1,004.8529

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: 7.75%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,991 Cr (As on 31-Aug-2020)
Expense: 0.25% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.2879

 29-Sep-20200.1237
 28-Sep-20200.3868
 25-Sep-20200.1281
 24-Sep-20200.0175
 23-Sep-20200.1376
 22-Sep-20200.1626
 21-Sep-20200.3283
 17-Sep-20200.1782
 15-Sep-20200.1371
 14-Sep-20200.4320
 11-Sep-20200.1374
 10-Sep-20200.1400
 09-Sep-20200.1881
 08-Sep-20200.1403
 07-Sep-20200.4168
 04-Sep-20200.1208
 03-Sep-20200.1379
 02-Sep-20200.1360
 01-Sep-20200.1337
 31-Aug-20200.3826
 28-Aug-20200.1408
 27-Aug-20200.1425
 26-Aug-20200.0891
 25-Aug-20200.2083
Dividend Monthly25-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
 25-Oct-20185.3298
 25-Sep-20183.7110
 27-Aug-20185.0383
Dividend Weekly25-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
 31-Jul-20200.9899
 24-Jul-20201.3821
 17-Jul-20201.2444
 10-Jul-20201.0678
 03-Jul-20201.2758
 26-Jun-20201.1903
 19-Jun-20201.0398
 12-Jun-20201.4204
 05-Jun-20201.2952
 29-May-20201.3576
 22-May-20201.2647
 15-May-20201.3144
 08-May-20200.6958
 04-May-20201.8072
 24-Apr-20201.1545
 17-Apr-20201.6491
 13-Apr-20200.7504
Dividend Quarterly21-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
 19-Sep-201416.8285

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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