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Nippon India Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (17-Apr-25)
₹4147.780.03%1D
Returns (Since Inception)
7.37%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹15,230 Cr
Expense Ratio
0.25%
ISIN
INF204K01ZP3
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 3 months and 18 days, having been launched on 01-Jan-13.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹4147.78, Assets Under Management (AUM) of 15229.55 Crores, and an expense ratio of 0.25%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹4147.78, Assets Under Management (AUM) of 15229.55 Crores, and an expense ratio of 0.25%.
- Nippon India Money Market Fund Direct Growth has given a CAGR return of 7.37% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 29.47% in debts, and 70.24% in cash & cash equivalents.
- You can start investing in Nippon India Money Market Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.10%
+6.93% (Cat Avg.)
3 Years
+7.34%
+6.64% (Cat Avg.)
5 Years
+6.25%
+5.67% (Cat Avg.)
10 Years
+6.95%
+5.77% (Cat Avg.)
Since Inception
+7.37%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹4,488.54 Cr | 29.47% |
| Others | ₹10,741 Cr | 70.53% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Current Assets | Cash | ₹-1,728.83 Cr | 11.35% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹518.2 Cr | 3.40% |
| Canara Bank** | Cash - CD/Time Deposit | ₹468.28 Cr | 3.07% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹467.54 Cr | 3.07% |
| Indian Bank | Cash - CD/Time Deposit | ₹425.46 Cr | 2.79% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹377 Cr | 2.48% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹376.18 Cr | 2.47% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹375.47 Cr | 2.47% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹374.51 Cr | 2.46% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹337.32 Cr | 2.21% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹329.89 Cr | 2.17% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹327.61 Cr | 2.15% |
| Triparty Repo | Cash - Repurchase Agreement | ₹312.48 Cr | 2.05% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹283.56 Cr | 1.86% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹283.45 Cr | 1.86% |
| Canara Bank | Cash - CD/Time Deposit | ₹282.94 Cr | 1.86% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹282 Cr | 1.85% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹280.95 Cr | 1.84% |
| India (Republic of) | Bond - Short-term Government Bills | ₹247.78 Cr | 1.63% |
| Sharekhan Limited | Cash - Commercial Paper | ₹239.11 Cr | 1.57% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹238.43 Cr | 1.57% |
| Bank of Baroda | Bond - Corporate Bond | ₹237.95 Cr | 1.56% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹237.36 Cr | 1.56% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹236.29 Cr | 1.55% |
| India (Republic of) | Bond - Short-term Government Bills | ₹236.07 Cr | 1.55% |
| India (Republic of) | Bond - Short-term Government Bills | ₹235.67 Cr | 1.55% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹235.55 Cr | 1.55% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹233.34 Cr | 1.53% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹214.35 Cr | 1.41% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹210.93 Cr | 1.39% |
| 364 DTB 04122025 | Bond - Gov't/Treasury | ₹191.67 Cr | 1.26% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹191.01 Cr | 1.25% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹190.72 Cr | 1.25% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹190.48 Cr | 1.25% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹189.29 Cr | 1.24% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹189.07 Cr | 1.24% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹188.52 Cr | 1.24% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹188.01 Cr | 1.23% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹187.47 Cr | 1.23% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹186.99 Cr | 1.23% |
| Piramal Capital & Housing Finance Limited | Cash - Commercial Paper | ₹186.51 Cr | 1.22% |
| Icici Securities Limited | Cash - Commercial Paper | ₹186.5 Cr | 1.22% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹186.39 Cr | 1.22% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹184.78 Cr | 1.21% |
| Poonawalla Fincorp Ltd | Cash - Commercial Paper | ₹158.24 Cr | 1.04% |
| 08.69 Tn SDL 2026 | Bond - Gov't/Treasury | ₹152.72 Cr | 1.00% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹145.3 Cr | 0.95% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹141.34 Cr | 0.93% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹141 Cr | 0.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹140.79 Cr | 0.92% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹140.79 Cr | 0.92% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹140.23 Cr | 0.92% |
| Tata Capital Ltd. | Cash - Commercial Paper | ₹140.18 Cr | 0.92% |
| 08.36 MH Sdl 2026 | Bond - Gov't/Treasury | ₹136.88 Cr | 0.90% |
| Highways Infrastructure Trust | Cash - Commercial Paper | ₹128.17 Cr | 0.84% |
| Bank of Baroda | Bond - Corporate Bond | ₹117.11 Cr | 0.77% |
| Treasury Bills | Bond - Gov't/Treasury | ₹109.58 Cr | 0.72% |
| Hsbc Investdirect Financial Services (India) Limited | Cash - Commercial Paper | ₹96.44 Cr | 0.63% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹96.37 Cr | 0.63% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹95.2 Cr | 0.63% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹95.11 Cr | 0.62% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹94.91 Cr | 0.62% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹94.64 Cr | 0.62% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹94.42 Cr | 0.62% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹94.38 Cr | 0.62% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹94.27 Cr | 0.62% |
| Bank Of India | Cash - CD/Time Deposit | ₹94.17 Cr | 0.62% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹93.88 Cr | 0.62% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹93.85 Cr | 0.62% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹93.8 Cr | 0.62% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹93.8 Cr | 0.62% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹93.76 Cr | 0.62% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹93.72 Cr | 0.62% |
| Federal Bank Ltd. | Bond - Corporate Bond | ₹93.54 Cr | 0.61% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹93.48 Cr | 0.61% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹93.48 Cr | 0.61% |
| Godrej Finance Ltd. | Cash - Commercial Paper | ₹93.41 Cr | 0.61% |
| HDB Financial Services Ltd. | Cash - Commercial Paper | ₹93.34 Cr | 0.61% |
| 360 One Wam Limited | Cash - Commercial Paper | ₹93.34 Cr | 0.61% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹92.77 Cr | 0.61% |
| 08.42 JH Sdl 2026 | Bond - Gov't/Treasury | ₹91.27 Cr | 0.60% |
| 7.59% Govt Stock 2026 | Bond - Gov't/Treasury | ₹75.63 Cr | 0.50% |
| Canara Bank | Cash - CD/Time Deposit | ₹71.3 Cr | 0.47% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹70.85 Cr | 0.47% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹70.68 Cr | 0.46% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹70.39 Cr | 0.46% |
| 8.2% Govt Stock 2025 | Bond - Gov't/Treasury | ₹65.53 Cr | 0.43% |
| 08.69 KL Sdl 2026 | Bond - Gov't/Treasury | ₹61.07 Cr | 0.40% |
| 08.42 KL Sdl 2026 | Bond - Gov't/Treasury | ₹60.86 Cr | 0.40% |
| 08.38 HR Sdl 2026 | Bond - Gov't/Treasury | ₹50.7 Cr | 0.33% |
| Gs CG 12/6/2025 - (Strips) Tb | Bond - Gov't/Treasury | ₹50.11 Cr | 0.33% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹47.83 Cr | 0.31% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹47.1 Cr | 0.31% |
| Arka Fincap Limited | Cash - Commercial Paper | ₹47.09 Cr | 0.31% |
| Pilani Investment & Industries Corporation Limited | Cash - Commercial Paper | ₹47.08 Cr | 0.31% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹47.01 Cr | 0.31% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.01 Cr | 0.31% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹46.76 Cr | 0.31% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹44.25 Cr | 0.29% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹43.86 Cr | 0.29% |
| 08.53 Up SDL 2026 | Bond - Gov't/Treasury | ₹30.48 Cr | 0.20% |
| 08.27 Tn SDL 2025dec | Bond - Gov't/Treasury | ₹25.29 Cr | 0.17% |
| 08.22 Tn SDL 2025dec | Bond - Gov't/Treasury | ₹25.27 Cr | 0.17% |
| 08.21 Tn SDL 2025 | Bond - Gov't/Treasury | ₹25.09 Cr | 0.16% |
| GS CG 22/8/2025 - (STRIPS) Strips | Bond - Gov't/Treasury | ₹24.73 Cr | 0.16% |
| 364 DTB 04092025 | Bond - Gov't/Treasury | ₹24.32 Cr | 0.16% |
| Canara Bank | Cash - CD/Time Deposit | ₹23.78 Cr | 0.16% |
| 07.01 PY Sdl 2026 | Bond - Gov't/Treasury | ₹20.07 Cr | 0.13% |
| GOI 17.06.2025 GOV | Bond - Gov't/Treasury | ₹19.73 Cr | 0.13% |
| 08.34 Up SDL 2026 | Bond - Gov't/Treasury | ₹15.2 Cr | 0.10% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹14.37 Cr | 0.09% |
| 08.82 BR Sdl 2026 | Bond - Gov't/Treasury | ₹10.19 Cr | 0.07% |
| 08.47 MH Sdl 2026 | Bond - Gov't/Treasury | ₹10.15 Cr | 0.07% |
| Goi 16.06.2025 Gov | Bond - Gov't/Treasury | ₹9.87 Cr | 0.06% |
| 08.76 MP Sdl 2026 | Bond - Gov't/Treasury | ₹5.09 Cr | 0.03% |
| 08.22 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.05 Cr | 0.03% |
| Goi Strips (Md 07/06/2025) | Bond - Gov't/Treasury | ₹4.94 Cr | 0.03% |
| 6.80% Govt Stock 2025 | Bond - Gov't/Treasury | ₹4.93 Cr | 0.03% |
| Cash Margin - Ccil | Cash - Collateral | ₹1.9 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹7,434.67 Cr | 48.82% |
| Cash - Commercial Paper | ₹4,561.87 Cr | 29.95% |
| Bond - Corporate Bond | ₹1,735.81 Cr | 11.40% |
| Cash | ₹-1,728.83 Cr | 11.35% |
| Bond - Gov't/Treasury | ₹1,586.58 Cr | 10.42% |
| Bond - Short-term Government Bills | ₹719.53 Cr | 4.72% |
| Bond - Gov't Agency Debt | ₹561.29 Cr | 3.69% |
| Cash - Repurchase Agreement | ₹312.48 Cr | 2.05% |
| Mutual Fund - Open End | ₹44.25 Cr | 0.29% |
| Cash - Collateral | ₹1.9 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.46%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
1.70
Cat. avg.
0.03
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.41
Higher the better
Fund Managers
KD
Kinjal Desai
Since July 2018
Vikash Agarwal
Since September 2024
Additional Scheme Detailsas of 31st March 2025
ISIN INF204K01ZP3 | Expense Ratio 0.25% | Exit Load No Charges | Fund Size ₹15,230 Cr | Age 12 years 3 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market Index A-I TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bank of India Money Market Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹158.60 Cr | - |
| Bank of India Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹158.60 Cr | - |
| Zerodha Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹3981.34 Cr | 6.3% |
| Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹2196.81 Cr | 8.2% |
| Mirae Asset Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹2196.81 Cr | 7.8% |
| HSBC Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2536.19 Cr | 8.0% |
| ICICI Prudential Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹24183.52 Cr | 8.1% |
| Bandhan Money Manager Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10048.45 Cr | 8.1% |
| Nippon India Money Market Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹15229.55 Cr | 8.1% |
| Invesco India Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5445.54 Cr | 7.9% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,39,840 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Money Market Fund Direct Growth?
The NAV of Nippon India Money Market Fund Direct Growth, as of 17-Apr-2025, is ₹4147.78.
What are the returns of Nippon India Money Market Fund Direct Growth?
The fund has generated 8.10% over the last 1 year and 7.34% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 29.47% in bonds, and 70.24% in cash and cash equivalents.
Who manages the Nippon India Money Market Fund Direct Growth?
The fund managers responsible for Nippon India Money Market Fund Direct Growth are:-
- Kinjal Desai
- Vikash Agarwal
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
Nippon India Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (17-Apr-25)
₹4147.780.03%1D
Returns (Since Inception)
7.37%
Rated ★4.3+ on
Fund Overview
Fund Size
₹15,230 Cr
Expense Ratio
0.25%
ISIN
INF204K01ZP3
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
Risk Level
Your principal amount will be at Moderate Risk
About this fund
Nippon India Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 3 months and 18 days, having been launched on 01-Jan-13.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹4147.78, Assets Under Management (AUM) of 15229.55 Crores, and an expense ratio of 0.25%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹4147.78, Assets Under Management (AUM) of 15229.55 Crores, and an expense ratio of 0.25%.
- Nippon India Money Market Fund Direct Growth has given a CAGR return of 7.37% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 29.47% in debts, and 70.24% in cash & cash equivalents.
- You can start investing in Nippon India Money Market Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.10%
+6.93% (Cat Avg.)
3 Years
+7.34%
+6.64% (Cat Avg.)
5 Years
+6.25%
+5.67% (Cat Avg.)
10 Years
+6.95%
+5.77% (Cat Avg.)
Since Inception
+7.37%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹4,488.54 Cr | 29.47% |
| Others | ₹10,741 Cr | 70.53% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Net Current Assets | Cash | ₹-1,728.83 Cr | 11.35% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹518.2 Cr | 3.40% |
| Canara Bank** | Cash - CD/Time Deposit | ₹468.28 Cr | 3.07% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹467.54 Cr | 3.07% |
| Indian Bank | Cash - CD/Time Deposit | ₹425.46 Cr | 2.79% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹377 Cr | 2.48% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹376.18 Cr | 2.47% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹375.47 Cr | 2.47% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹374.51 Cr | 2.46% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹337.32 Cr | 2.21% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹329.89 Cr | 2.17% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹327.61 Cr | 2.15% |
| Triparty Repo | Cash - Repurchase Agreement | ₹312.48 Cr | 2.05% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹283.56 Cr | 1.86% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹283.45 Cr | 1.86% |
| Canara Bank | Cash - CD/Time Deposit | ₹282.94 Cr | 1.86% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹282 Cr | 1.85% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹280.95 Cr | 1.84% |
| India (Republic of) | Bond - Short-term Government Bills | ₹247.78 Cr | 1.63% |
| Sharekhan Limited | Cash - Commercial Paper | ₹239.11 Cr | 1.57% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹238.43 Cr | 1.57% |
| Bank of Baroda | Bond - Corporate Bond | ₹237.95 Cr | 1.56% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹237.36 Cr | 1.56% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹236.29 Cr | 1.55% |
| India (Republic of) | Bond - Short-term Government Bills | ₹236.07 Cr | 1.55% |
| India (Republic of) | Bond - Short-term Government Bills | ₹235.67 Cr | 1.55% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹235.55 Cr | 1.55% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹233.34 Cr | 1.53% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹214.35 Cr | 1.41% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹210.93 Cr | 1.39% |
| 364 DTB 04122025 | Bond - Gov't/Treasury | ₹191.67 Cr | 1.26% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹191.01 Cr | 1.25% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹190.72 Cr | 1.25% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹190.48 Cr | 1.25% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹189.29 Cr | 1.24% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹189.07 Cr | 1.24% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹188.52 Cr | 1.24% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹188.01 Cr | 1.23% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹187.47 Cr | 1.23% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹186.99 Cr | 1.23% |
| Piramal Capital & Housing Finance Limited | Cash - Commercial Paper | ₹186.51 Cr | 1.22% |
| Icici Securities Limited | Cash - Commercial Paper | ₹186.5 Cr | 1.22% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹186.39 Cr | 1.22% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹184.78 Cr | 1.21% |
| Poonawalla Fincorp Ltd | Cash - Commercial Paper | ₹158.24 Cr | 1.04% |
| 08.69 Tn SDL 2026 | Bond - Gov't/Treasury | ₹152.72 Cr | 1.00% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹145.3 Cr | 0.95% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹141.34 Cr | 0.93% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹141 Cr | 0.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹140.79 Cr | 0.92% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹140.79 Cr | 0.92% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹140.23 Cr | 0.92% |
| Tata Capital Ltd. | Cash - Commercial Paper | ₹140.18 Cr | 0.92% |
| 08.36 MH Sdl 2026 | Bond - Gov't/Treasury | ₹136.88 Cr | 0.90% |
| Highways Infrastructure Trust | Cash - Commercial Paper | ₹128.17 Cr | 0.84% |
| Bank of Baroda | Bond - Corporate Bond | ₹117.11 Cr | 0.77% |
| Treasury Bills | Bond - Gov't/Treasury | ₹109.58 Cr | 0.72% |
| Hsbc Investdirect Financial Services (India) Limited | Cash - Commercial Paper | ₹96.44 Cr | 0.63% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹96.37 Cr | 0.63% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹95.2 Cr | 0.63% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹95.11 Cr | 0.62% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹94.91 Cr | 0.62% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹94.64 Cr | 0.62% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹94.42 Cr | 0.62% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹94.38 Cr | 0.62% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹94.27 Cr | 0.62% |
| Bank Of India | Cash - CD/Time Deposit | ₹94.17 Cr | 0.62% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹93.88 Cr | 0.62% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹93.85 Cr | 0.62% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹93.8 Cr | 0.62% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹93.8 Cr | 0.62% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹93.76 Cr | 0.62% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹93.72 Cr | 0.62% |
| Federal Bank Ltd. | Bond - Corporate Bond | ₹93.54 Cr | 0.61% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹93.48 Cr | 0.61% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹93.48 Cr | 0.61% |
| Godrej Finance Ltd. | Cash - Commercial Paper | ₹93.41 Cr | 0.61% |
| HDB Financial Services Ltd. | Cash - Commercial Paper | ₹93.34 Cr | 0.61% |
| 360 One Wam Limited | Cash - Commercial Paper | ₹93.34 Cr | 0.61% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹92.77 Cr | 0.61% |
| 08.42 JH Sdl 2026 | Bond - Gov't/Treasury | ₹91.27 Cr | 0.60% |
| 7.59% Govt Stock 2026 | Bond - Gov't/Treasury | ₹75.63 Cr | 0.50% |
| Canara Bank | Cash - CD/Time Deposit | ₹71.3 Cr | 0.47% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹70.85 Cr | 0.47% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹70.68 Cr | 0.46% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹70.39 Cr | 0.46% |
| 8.2% Govt Stock 2025 | Bond - Gov't/Treasury | ₹65.53 Cr | 0.43% |
| 08.69 KL Sdl 2026 | Bond - Gov't/Treasury | ₹61.07 Cr | 0.40% |
| 08.42 KL Sdl 2026 | Bond - Gov't/Treasury | ₹60.86 Cr | 0.40% |
| 08.38 HR Sdl 2026 | Bond - Gov't/Treasury | ₹50.7 Cr | 0.33% |
| Gs CG 12/6/2025 - (Strips) Tb | Bond - Gov't/Treasury | ₹50.11 Cr | 0.33% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹47.83 Cr | 0.31% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹47.1 Cr | 0.31% |
| Arka Fincap Limited | Cash - Commercial Paper | ₹47.09 Cr | 0.31% |
| Pilani Investment & Industries Corporation Limited | Cash - Commercial Paper | ₹47.08 Cr | 0.31% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹47.01 Cr | 0.31% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.01 Cr | 0.31% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹46.76 Cr | 0.31% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹44.25 Cr | 0.29% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹43.86 Cr | 0.29% |
| 08.53 Up SDL 2026 | Bond - Gov't/Treasury | ₹30.48 Cr | 0.20% |
| 08.27 Tn SDL 2025dec | Bond - Gov't/Treasury | ₹25.29 Cr | 0.17% |
| 08.22 Tn SDL 2025dec | Bond - Gov't/Treasury | ₹25.27 Cr | 0.17% |
| 08.21 Tn SDL 2025 | Bond - Gov't/Treasury | ₹25.09 Cr | 0.16% |
| GS CG 22/8/2025 - (STRIPS) Strips | Bond - Gov't/Treasury | ₹24.73 Cr | 0.16% |
| 364 DTB 04092025 | Bond - Gov't/Treasury | ₹24.32 Cr | 0.16% |
| Canara Bank | Cash - CD/Time Deposit | ₹23.78 Cr | 0.16% |
| 07.01 PY Sdl 2026 | Bond - Gov't/Treasury | ₹20.07 Cr | 0.13% |
| GOI 17.06.2025 GOV | Bond - Gov't/Treasury | ₹19.73 Cr | 0.13% |
| 08.34 Up SDL 2026 | Bond - Gov't/Treasury | ₹15.2 Cr | 0.10% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹14.37 Cr | 0.09% |
| 08.82 BR Sdl 2026 | Bond - Gov't/Treasury | ₹10.19 Cr | 0.07% |
| 08.47 MH Sdl 2026 | Bond - Gov't/Treasury | ₹10.15 Cr | 0.07% |
| Goi 16.06.2025 Gov | Bond - Gov't/Treasury | ₹9.87 Cr | 0.06% |
| 08.76 MP Sdl 2026 | Bond - Gov't/Treasury | ₹5.09 Cr | 0.03% |
| 08.22 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.05 Cr | 0.03% |
| Goi Strips (Md 07/06/2025) | Bond - Gov't/Treasury | ₹4.94 Cr | 0.03% |
| 6.80% Govt Stock 2025 | Bond - Gov't/Treasury | ₹4.93 Cr | 0.03% |
| Cash Margin - Ccil | Cash - Collateral | ₹1.9 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹7,434.67 Cr | 48.82% |
| Cash - Commercial Paper | ₹4,561.87 Cr | 29.95% |
| Bond - Corporate Bond | ₹1,735.81 Cr | 11.40% |
| Cash | ₹-1,728.83 Cr | 11.35% |
| Bond - Gov't/Treasury | ₹1,586.58 Cr | 10.42% |
| Bond - Short-term Government Bills | ₹719.53 Cr | 4.72% |
| Bond - Gov't Agency Debt | ₹561.29 Cr | 3.69% |
| Cash - Repurchase Agreement | ₹312.48 Cr | 2.05% |
| Mutual Fund - Open End | ₹44.25 Cr | 0.29% |
| Cash - Collateral | ₹1.9 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.46%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
1.70
Cat. avg.
0.03
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.41
Higher the better
Fund Managers
KD
Kinjal Desai
Since July 2018
Vikash Agarwal
Since September 2024
Additional Scheme Detailsas of 31st March 2025
ISIN INF204K01ZP3 | Expense Ratio 0.25% | Exit Load No Charges | Fund Size ₹15,230 Cr | Age 12 years 3 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market Index A-I TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Bank of India Money Market Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹158.60 Cr | - |
| Bank of India Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹158.60 Cr | - |
| Zerodha Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹3981.34 Cr | 6.3% |
| Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹2196.81 Cr | 8.2% |
| Mirae Asset Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹2196.81 Cr | 7.8% |
| HSBC Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2536.19 Cr | 8.0% |
| ICICI Prudential Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹24183.52 Cr | 8.1% |
| Bandhan Money Manager Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10048.45 Cr | 8.1% |
| Nippon India Money Market Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹15229.55 Cr | 8.1% |
| Invesco India Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5445.54 Cr | 7.9% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,39,840 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Money Market Fund Direct Growth?
The NAV of Nippon India Money Market Fund Direct Growth, as of 17-Apr-2025, is ₹4147.78.
What are the returns of Nippon India Money Market Fund Direct Growth?
The fund has generated 8.10% over the last 1 year and 7.34% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 29.47% in bonds, and 70.24% in cash and cash equivalents.
Who manages the Nippon India Money Market Fund Direct Growth?
The fund managers responsible for Nippon India Money Market Fund Direct Growth are:-
- Kinjal Desai
- Vikash Agarwal
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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