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Nippon India Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (20-Dec-24)
₹4029.390.02%1D
Returns (Since Inception)
7.32%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹18,196 Cr
Expense Ratio
0.26%
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 11 years, 11 months and 21 days, having been launched on 01-Jan-13.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹4029.39, Assets Under Management (AUM) of 18195.85 Crores, and an expense ratio of 0.26%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹4029.39, Assets Under Management (AUM) of 18195.85 Crores, and an expense ratio of 0.26%.
- Nippon India Money Market Fund Direct Growth has given a CAGR return of 7.32% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 6.29% in debts, and 93.47% 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
+7.86%
+6.80% (Cat Avg.)
3 Years
+6.78%
+6.06% (Cat Avg.)
5 Years
+6.06%
+5.46% (Cat Avg.)
10 Years
+6.95%
+5.74% (Cat Avg.)
Since Inception
+7.32%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2024
| Debt | ₹1,144 Cr | 6.29% |
| Others | ₹17,051.85 Cr | 93.71% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Punjab National Bank | Cash - CD/Time Deposit | ₹838.33 Cr | 4.81% |
| Canara Bank | Cash - CD/Time Deposit | ₹521.79 Cr | 2.99% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹449.97 Cr | 2.58% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹434.93 Cr | 2.50% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹427.48 Cr | 2.45% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹418.86 Cr | 2.40% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹387.42 Cr | 2.22% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹345.07 Cr | 1.98% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹329.46 Cr | 1.89% |
| Hindustan Zinc Limited | Cash - Commercial Paper | ₹322.17 Cr | 1.85% |
| Triparty Repo | Cash - Repurchase Agreement | ₹299 Cr | 1.72% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹294.91 Cr | 1.69% |
| 182 DTB 08052025 | Bond - Gov't/Treasury | ₹292.49 Cr | 1.68% |
| PNb Housing Finance Limited | Cash - Commercial Paper | ₹282.86 Cr | 1.62% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹280.91 Cr | 1.61% |
| 07.38% MP Sdl 2025 | Bond - Gov't/Treasury | ₹275.5 Cr | 1.58% |
| 08.10 JH Sdl 2025 | Bond - Gov't/Treasury | ₹250.81 Cr | 1.44% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹246.8 Cr | 1.42% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹245.76 Cr | 1.41% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹242.53 Cr | 1.39% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹242.42 Cr | 1.39% |
| Indian Bank | Cash - CD/Time Deposit | ₹242.14 Cr | 1.39% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹241.78 Cr | 1.39% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹241.44 Cr | 1.39% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹235.42 Cr | 1.35% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹233.92 Cr | 1.34% |
| Sharekhan Limited | Cash - Commercial Paper | ₹232.98 Cr | 1.34% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹232.94 Cr | 1.34% |
| Credila Financial Services Ltd - Cp - 03/12/2025 | Cash - Commercial Paper | ₹231.07 Cr | 1.33% |
| Union Bank of India | Cash - CD/Time Deposit | ₹210.82 Cr | 1.21% |
| 05.91 KL Sdl 2025 | Bond - Gov't/Treasury | ₹199.36 Cr | 1.14% |
| Export Import Bank Of India | Cash - Commercial Paper | ₹198.44 Cr | 1.14% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹197.05 Cr | 1.13% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹192.75 Cr | 1.11% |
| Manappuram Finance Limited | Cash - Commercial Paper | ₹192.11 Cr | 1.10% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹190.18 Cr | 1.09% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹189.07 Cr | 1.09% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹187.07 Cr | 1.07% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹186.66 Cr | 1.07% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹186.38 Cr | 1.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹186.36 Cr | 1.07% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹186.11 Cr | 1.07% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹168.4 Cr | 0.97% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹148.41 Cr | 0.85% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹147.95 Cr | 0.85% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹147.92 Cr | 0.85% |
| India (Republic of) | Bond - Short-term Government Bills | ₹147.54 Cr | 0.85% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹147.43 Cr | 0.85% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹145.1 Cr | 0.83% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹144.84 Cr | 0.83% |
| HDFC Credila Financial Services Private Limited | Cash - Commercial Paper | ₹141.63 Cr | 0.81% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹141.21 Cr | 0.81% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹119.17 Cr | 0.68% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹119.15 Cr | 0.68% |
| 364 DTB 13022025 | Bond - Gov't/Treasury | ₹108.86 Cr | 0.62% |
| 08.09 Ts SDL 2025 | Bond - Gov't/Treasury | ₹100.13 Cr | 0.57% |
| Brookfield India Real Estate Trust | Cash - Commercial Paper | ₹99.71 Cr | 0.57% |
| Kisetsu Saison Financial India Private Limited | Cash - Commercial Paper | ₹99.31 Cr | 0.57% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹99.04 Cr | 0.57% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹98.99 Cr | 0.57% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹98.21 Cr | 0.56% |
| Canara Bank | Cash - CD/Time Deposit | ₹98.17 Cr | 0.56% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹98.15 Cr | 0.56% |
| Shriram Housing Finance Limited | Cash - Commercial Paper | ₹98.15 Cr | 0.56% |
| Barclays Investments & Loans (India) Limited | Cash - Commercial Paper | ₹98.14 Cr | 0.56% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹98.14 Cr | 0.56% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹98.09 Cr | 0.56% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹97.2 Cr | 0.56% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹97.13 Cr | 0.56% |
| IIFL Securities Limited | Cash - Commercial Paper | ₹97.12 Cr | 0.56% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹96.98 Cr | 0.56% |
| Deutsche Investments India Pvt Limited | Cash - Commercial Paper | ₹96.53 Cr | 0.55% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹96.27 Cr | 0.55% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹96.19 Cr | 0.55% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹96.18 Cr | 0.55% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.82 Cr | 0.54% |
| Hsbc Investdirect Financial Services (India) Limited | Cash - CD/Time Deposit | ₹94.18 Cr | 0.54% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹93.95 Cr | 0.54% |
| IDFC Bank Limited | Cash - CD/Time Deposit | ₹93.48 Cr | 0.54% |
| Indian Bank | Cash - CD/Time Deposit | ₹93.16 Cr | 0.53% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹92.72 Cr | 0.53% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹79.76 Cr | 0.46% |
| Icici Securities Limited | Cash - Commercial Paper | ₹73.98 Cr | 0.42% |
| 06.35 OIL SPL 2024 | Bond - Gov't Agency Debt | ₹70 Cr | 0.40% |
| 182 Days Tbill Red 23-05-2025 | Bond - Gov't/Treasury | ₹68.07 Cr | 0.39% |
| 8.2% Govt Stock 2025 | Bond - Gov't/Treasury | ₹65.73 Cr | 0.38% |
| 08.14 MH Sdl 2025 | Bond - Gov't/Treasury | ₹60.37 Cr | 0.35% |
| 06.69 MP Sdl 2025 | Bond - Gov't/Treasury | ₹55.01 Cr | 0.32% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹49.44 Cr | 0.28% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹49.35 Cr | 0.28% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹49.12 Cr | 0.28% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹49.11 Cr | 0.28% |
| Union Bank of India | Cash - CD/Time Deposit | ₹49.08 Cr | 0.28% |
| Sharekhan Limited | Cash - Commercial Paper | ₹48.02 Cr | 0.28% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹47.35 Cr | 0.27% |
| 0% GOI- 17122024 STRIPS | Bond - Gov't/Treasury | ₹46.51 Cr | 0.27% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹41.88 Cr | 0.24% |
| 08.50 PN UDAY 2025 | Bond - Gov't Agency Debt | ₹30.14 Cr | 0.17% |
| 08.21 HR UDAY 2025 | Bond - Gov't Agency Debt | ₹26.77 Cr | 0.15% |
| 08.21 Tn SDL 2025 | Bond - Gov't/Treasury | ₹25.18 Cr | 0.14% |
| 08.15 HR Sdl 2025 | Bond - Gov't/Treasury | ₹25.16 Cr | 0.14% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.71 Cr | 0.14% |
| Standard Chartered Securities India Limited | Cash - Commercial Paper | ₹24.7 Cr | 0.14% |
| Standard Chartered Securities India Limited | Cash - Commercial Paper | ₹24.65 Cr | 0.14% |
| 182 DTB 13032025 | Bond - Gov't/Treasury | ₹24.62 Cr | 0.14% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹24.6 Cr | 0.14% |
| Mahindra & Mahindra Financial Services Ltd. | Cash - Commercial Paper | ₹24.57 Cr | 0.14% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹24.56 Cr | 0.14% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹24.25 Cr | 0.14% |
| 08.04 HR Sdl 2025 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.06% |
| 08.12 Ts SDL 2025 | Bond - Gov't/Treasury | ₹10.03 Cr | 0.06% |
| 08.08 Ts SDL 2025 | Bond - Gov't/Treasury | ₹10.02 Cr | 0.06% |
| 364 DTB | Bond - Gov't/Treasury | ₹9.82 Cr | 0.06% |
| 08.12 AS Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.03% |
| Net Current Assets | Cash | ₹0.35 Cr | 0.00% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.34 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹9,832.35 Cr | 56.43% |
| Cash - Commercial Paper | ₹4,684.86 Cr | 26.89% |
| Bond - Gov't/Treasury | ₹2,265.64 Cr | 13.00% |
| Cash - Repurchase Agreement | ₹299.34 Cr | 1.72% |
| Bond - Short-term Government Bills | ₹172.25 Cr | 0.99% |
| Bond - Gov't Agency Debt | ₹126.91 Cr | 0.73% |
| Mutual Fund - Open End | ₹41.88 Cr | 0.24% |
| Cash | ₹0.35 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.48%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
1.76
Cat. avg.
-0.12
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
KD
Kinjal Desai
Since July 2018
Vikash Agarwal
Since September 2024
Additional Scheme Detailsas of 15th December 2024
ISIN INF204K01ZP3 | Expense Ratio 0.26% | Exit Load No Charges | Fund Size ₹18,196 Cr | Age 11 years 11 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  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1186.38 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹172.67 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹172.67 Cr | 6.7% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹83.42 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹83.42 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹24.38 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹24.38 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26862.79 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2271.47 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹25011.45 Cr | 7.7% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,71,991 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
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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 20-Dec-2024, is ₹4029.39.
What are the returns of Nippon India Money Market Fund Direct Growth?
The fund has generated 7.86% over the last 1 year and 6.78% 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, 6.29% in bonds, and 93.47% 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
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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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.
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.