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Nippon India Money Market Fund download report

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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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(₹)
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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
Nippon India Money Market-G 1.98 0.03 0.13 0.43 0.88 1.98 3.87 5.19 6.18 6.54 7.29
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 1.99 2.70 3.31 3.68 4.25
Debt: Money Market 1.65 0.03 0.12 0.39 0.69 1.65 3.40 4.90 5.80 6.34 7.14
Rank within category 1 11 4 3 3 1 1 4 2 4 4
Number of funds in category 20 20 20 20 20 20 18 15 12 12 12

As on 01-Jul-2022

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 3.87 5.19 6.18 0.28% 10,267
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 3.75 5.37 6.31 0.33% 13,543
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 3.69 5.33 6.14 0.41% 13,367
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
 Jul-09 3.81 5.16 6.14 0.28% 9,403
Tata Money Market Fund - Regular Plan  | Invest Online
5 star
 May-03 3.74 5.25 4.65 0.42% 8,491

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 3.66 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Nippon India Money Market-G 5.09 0.62 2.58 6.80 1.29 2.68
CCIL T Bill Liquidity Weight 2.65 0.36 -2.33 -4.59 -- --
Debt: Money Market 4.81 0.79 1.78 4.76 1.50 2.58
Rank within category 4 4 1 2 4 7
Number of funds in category 16 16 16 16 16 16

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

As on 30-Jun-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 92 92 42 47
Modified Duration (yrs) 0.36 0.43 0.24 0.37
Average Maturity (yrs) 0.38 0.47 0.26 0.38
Yield to Maturity (%) 5.61 5.61 3.52 5.42
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 Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 5.07 4.85
up HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 3.80 3.80
up Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 3.38 3.38
equal Deutsche Bank 23/12/2022 Certificate of Deposit A1+ 0.00 - 3.87 3.06
new Reserve Bank of India 182-D 24/11/2022 Treasury Bills SOV 0.00 - 2.85 2.85
new Indusind Bank 15/11/2022 Certificate of Deposit A1+ 0.00 - 2.84 2.84
equal Vedanta 364-D 21/03/2023 Commercial Paper A1+ 0.00 - 2.76 2.76
down Axis Bank 29/08/2022 Certificate of Deposit A1+ 0.00 - 3.63 2.41
equal Reliance Retail Ventures 173-D 12/09/2022 Commercial Paper A1+ 0.00 - 3.02 2.40
new Kotak Mahindra Bank 25/11/2022 Certificate of Deposit A1+ 0.00 - 2.37 2.37
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.37 2.37
down Reserve Bank of India 182-D 08/09/2022 Treasury Bills SOV 0.00 - 3.03 2.31
equal Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 2.41 1.92
new M&M Financial Services 110-D 12/09/2022 Commercial Paper A1+ 0.00 - 1.92 1.92
equal SIDBI 333-D 16/12/2022 Commercial Paper A1+ 0.00 - 2.39 1.89
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.96 1.87
new Reserve Bank of India 182-D 27/10/2022 Treasury Bills SOV 0.00 - 1.86 1.86
equal 7.10% Orissa State 28/06/2022 State Development Loan SOV 0.00 - 1.81 1.81
equal 8.86% Punjab State 2022 State Development Loan SOV 0.00 - 2.20 1.72
equal Hero FinCorp 155-D 30/08/2022 Commercial Paper A1+ 0.00 - 1.81 1.44
equal ICICI Home Finance Company 195-D 08/09/2022 Commercial Paper A1+ 0.00 - 1.81 1.44
down HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 2.18 1.43
new IDFC First Bank 28/10/2022 Certificate of Deposit A1+ 0.00 - 1.43 1.43
new Tata Steel 180-D 15/11/2022 Commercial Paper A1+ 0.00 - 1.42 1.42
equal Bajaj Financial Securities 181-D 17/08/2022 Commercial Paper A1+ 0.00 - 1.51 1.20

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-2022

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
0.03%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 3,350.6671

IDCW Weekly: ₹ 1,004.0956

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IDCW Quarterly: ₹ 1,011.8899

IDCW Monthly: ₹ 1,012.4090

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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 100
Min. 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: 7.35%
Benchmark: CRISIL Money Market Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,267 Cr (As on 31-May-2022)
Expense: 0.28% (As on 31-May-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Jul-20220.2695

 30-Jun-20220.2588
 29-Jun-20220.1413
 28-Jun-20220.1439
 27-Jun-20220.4842
 24-Jun-20220.2120
 23-Jun-20220.2308
 22-Jun-20220.1962
 21-Jun-20220.1701
 20-Jun-20220.4420
 17-Jun-20220.0280
 16-Jun-20220.0679
 15-Jun-20220.0502
 14-Jun-20220.1218
 13-Jun-20220.2940
 10-Jun-20220.1674
 09-Jun-20220.2226
 08-Jun-20220.2537
 06-Jun-20220.3422
 03-Jun-20220.0984
 02-Jun-20220.1146
 01-Jun-20220.2413
 31-May-20220.1703
 30-May-20220.4058
 27-May-20220.1359
IDCW Weekly01-Jul-20221.2988

 24-Jun-20221.2524
 17-Jun-20220.5626
 10-Jun-20220.9867
 03-Jun-20221.0312
 27-May-20220.7160
 29-Apr-20220.6727
 22-Apr-20220.8011
 18-Apr-20220.9429
 04-Apr-20221.5845
 25-Mar-20220.6476
 21-Mar-20221.5961
 11-Mar-20220.7360
 04-Mar-20220.4321
 25-Feb-20220.7075
 18-Feb-20221.0222
 11-Feb-20221.2684
 04-Feb-20220.3408
 28-Jan-20220.6325
 21-Jan-20220.6073
 14-Jan-20220.8321
 07-Jan-20221.0151
 31-Dec-20210.8836
 24-Dec-20210.6024
 17-Dec-20210.5297
IDCW Monthly27-Jun-20224.4935

 25-May-20220.7146
 25-Apr-20223.2223
 25-Mar-20223.1531
 25-Feb-20223.4632
 25-Jan-20223.2771
 27-Dec-20213.1400
 25-Nov-20213.1752
 25-Oct-20212.3594
 27-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
IDCW Quarterly20-Jun-20228.1540

 21-Mar-20229.9729
 20-Dec-20218.5560
 20-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

Registrar & Transfer Agent: KFin Technologies 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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