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Nippon India Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (21-Nov-24)
₹4008.020.03%1D
Returns (Since Inception)
7.32%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹19,105 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, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4008.02, Assets Under Management (AUM) of 19105.07 Crores, and an expense ratio of 0.26%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹4008.02, Assets Under Management (AUM) of 19105.07 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, 10.05% in debts, and 89.73% 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
+7.87%
— (Cat Avg.)
3 Years
+6.71%
— (Cat Avg.)
5 Years
+6.05%
— (Cat Avg.)
10 Years
+6.96%
— (Cat Avg.)
Since Inception
+7.32%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹1,919.85 Cr | 10.05% |
| Others | ₹17,185.22 Cr | 89.95% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Limited** | Cash | ₹1,396.68 Cr | 7.31% |
| Hdfc Bank Limited** | Cash | ₹1,280.33 Cr | 6.70% |
| Small Industries Dev Bank Of India** | Cash | ₹1,225.95 Cr | 6.42% |
| Canara Bank** | Cash | ₹1,056.78 Cr | 5.53% |
| Indian Bank** | Cash | ₹876.31 Cr | 4.59% |
| Indusind Bank Limited** | Cash | ₹771.55 Cr | 4.04% |
| Bank Of Baroda** | Cash | ₹723.27 Cr | 3.79% |
| The Federal Bank Limited** | Cash | ₹673.56 Cr | 3.53% |
| Union Bank Of India** | Cash | ₹600.99 Cr | 3.15% |
| Idfc First Bank Limited** | Cash | ₹573.54 Cr | 3.00% |
| Bharti Telecom Limited** | Cash | ₹522.95 Cr | 2.74% |
| National Bank For Agriculture And Rural Development** | Cash | ₹438.88 Cr | 2.30% |
| Birla Group Holdings Private Limited** | Cash | ₹338.21 Cr | 1.77% |
| Au Small Finance Bank Limited** | Cash | ₹337.8 Cr | 1.77% |
| Hindustan Zinc Limited** | Cash | ₹320.35 Cr | 1.68% |
| Bank Of India** | Cash | ₹318.43 Cr | 1.67% |
| India (Republic of) | Bond - Short-term Government Bills | ₹290.89 Cr | 1.52% |
| Pnb Housing Finance Limited** | Cash | ₹281.3 Cr | 1.47% |
| Sharekhan Limited** | Cash | ₹279.18 Cr | 1.46% |
| 07.38% MP Sdl 2025 | Bond - Gov't/Treasury | ₹275.67 Cr | 1.44% |
| Icici Securities Limited** | Cash | ₹268.57 Cr | 1.41% |
| Triparty Repo | Cash - Repurchase Agreement | ₹264.35 Cr | 1.38% |
| 08.10 JH Sdl 2025 | Bond - Gov't/Treasury | ₹251.11 Cr | 1.31% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹245.53 Cr | 1.29% |
| Barclays Investments & Loans (India) Private Limited** | Cash | ₹244.47 Cr | 1.28% |
| Shriram Finance Limited** | Cash | ₹244.46 Cr | 1.28% |
| Bharti Telecom Limited | Cash | ₹232.3 Cr | 1.22% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹211.63 Cr | 1.11% |
| Punjab National Bank** | Cash | ₹196.36 Cr | 1.03% |
| Indusind Bank Limited | Cash | ₹196.13 Cr | 1.03% |
| Punjab National Bank | Cash | ₹195.57 Cr | 1.02% |
| Manappuram Finance Limited** | Cash | ₹190.83 Cr | 1.00% |
| Bahadur Chand Investments Pvt Limited** | Cash | ₹147.46 Cr | 0.77% |
| Tata Capital Housing Finance Limited** | Cash | ₹147.2 Cr | 0.77% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹147.12 Cr | 0.77% |
| Gic Housing Finance Limited** | Cash | ₹147.08 Cr | 0.77% |
| Axis Securities Limited** | Cash | ₹146.84 Cr | 0.77% |
| India (Republic of) | Bond - Short-term Government Bills | ₹146.76 Cr | 0.77% |
| Godrej Housing Finance Limited** | Cash | ₹146.53 Cr | 0.77% |
| Icici Bank Limited** | Cash | ₹144.52 Cr | 0.76% |
| Hdfc Credila Financial Services Pvt Limited** | Cash | ₹140.62 Cr | 0.74% |
| 364 DTB 13022025 | Bond - Gov't/Treasury | ₹108.3 Cr | 0.57% |
| Jm Financial Services Limited** | Cash | ₹103.56 Cr | 0.54% |
| 08.06 AP Sdl 2025 | Bond - Gov't/Treasury | ₹100.35 Cr | 0.53% |
| 08.09 Ts SDL 2025 | Bond - Gov't/Treasury | ₹100.25 Cr | 0.52% |
| Brookfield India Real Estate Trust** | Cash | ₹99.14 Cr | 0.52% |
| Kisetsu Saison Fin Ind Pvt Ltd** | Cash | ₹98.7 Cr | 0.52% |
| Deutsche Investments India Pvt Limited** | Cash | ₹98.43 Cr | 0.52% |
| Shriram Housing Finance Limited** | Cash | ₹97.55 Cr | 0.51% |
| Export Import Bank Of India** | Cash | ₹97.54 Cr | 0.51% |
| Kotak Mahindra Bank Limited** | Cash | ₹96.6 Cr | 0.51% |
| Iifl Securities Limited** | Cash | ₹96.37 Cr | 0.50% |
| Infina Finance Private Limited** | Cash | ₹96.35 Cr | 0.50% |
| Muthoot Finance Limited** | Cash | ₹95.67 Cr | 0.50% |
| Hsbc Investdirect Financial Services (India) Limited** | Cash | ₹93.5 Cr | 0.49% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹79.76 Cr | 0.42% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹74.66 Cr | 0.39% |
| 06.35 OIL SPL 2024 | Bond - Gov't Agency Debt | ₹69.98 Cr | 0.37% |
| 8.2% Govt Stock 2025 | Bond - Gov't/Treasury | ₹65.82 Cr | 0.34% |
| 08.14 MH Sdl 2025 | Bond - Gov't/Treasury | ₹60.45 Cr | 0.32% |
| 06.69 MP Sdl 2025 | Bond - Gov't/Treasury | ₹55.02 Cr | 0.29% |
| Standard Chartered Securities India Ltd** | Cash | ₹48.95 Cr | 0.26% |
| 0% GOI- 17122024 STRIPS | Bond - Gov't/Treasury | ₹46.27 Cr | 0.24% |
| Net Current Assets | Cash | ₹46.24 Cr | 0.24% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹41.74 Cr | 0.22% |
| 08.03 GOI FCI 2024 | Bond - Gov't Agency Debt | ₹40.04 Cr | 0.21% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹39.57 Cr | 0.21% |
| 08.50 PN UDAY 2025 | Bond - Gov't Agency Debt | ₹30.19 Cr | 0.16% |
| 08.21 HR UDAY 2025 | Bond - Gov't Agency Debt | ₹26.8 Cr | 0.14% |
| 0% GOI - 12122024 STRIPS | Bond - Gov't/Treasury | ₹26.58 Cr | 0.14% |
| 08.21 Tn SDL 2025 | Bond - Gov't/Treasury | ₹25.22 Cr | 0.13% |
| 08.15 HR Sdl 2025 | Bond - Gov't/Treasury | ₹25.19 Cr | 0.13% |
| 08.43 RJ Sdl 2024 | Bond - Gov't/Treasury | ₹25.01 Cr | 0.13% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.58 Cr | 0.13% |
| Bank Of Baroda | Cash | ₹24.54 Cr | 0.13% |
| 182 DTB 13032025 | Bond - Gov't/Treasury | ₹24.49 Cr | 0.13% |
| Standard Chartered Capital Limited** | Cash | ₹24.44 Cr | 0.13% |
| Mahindra & Mahindra Financial Services Limited** | Cash | ₹24.41 Cr | 0.13% |
| Aditya Birla Finance Limited** | Cash | ₹24.4 Cr | 0.13% |
| Lic Housing Finance Limited** | Cash | ₹24.11 Cr | 0.13% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹14.93 Cr | 0.08% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹14.9 Cr | 0.08% |
| 08.04 HR Sdl 2025 | Bond - Gov't/Treasury | ₹10.05 Cr | 0.05% |
| 08.12 Ts SDL 2025 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.05% |
| 08.08 Ts SDL 2025 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.05% |
| 364 DTB | Bond - Gov't/Treasury | ₹9.77 Cr | 0.05% |
| 0% GOI - 15122024 STRIPS | Bond - Gov't/Treasury | ₹5.56 Cr | 0.03% |
| 08.12 AS Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.03% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹5 Cr | 0.03% |
| Cash Margin - Ccil | Other Assets And Liabilities | ₹0.91 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹16,095.53 Cr | 84.25% |
| Bond - Gov't/Treasury | ₹2,073.31 Cr | 10.85% |
| Bond - Short-term Government Bills | ₹462.23 Cr | 2.42% |
| Cash - Repurchase Agreement | ₹264.35 Cr | 1.38% |
| Bond - Gov't Agency Debt | ₹167 Cr | 0.87% |
| Mutual Fund - Open End | ₹41.74 Cr | 0.22% |
| Other Assets And Liabilities | ₹0.91 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.83
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
KD
Kinjal Desai
Since July 2018
Vikash Agarwal
Since September 2024
Additional Scheme Detailsas of 15th November 2024
ISIN INF204K01ZP3 | Expense Ratio 0.26% | Exit Load No Charges | Fund Size ₹19,105 Cr | Age 11 years 10 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark CRISIL Money Market 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% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,78,235 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 21-Nov-2024, is ₹4008.02.
What are the returns of Nippon India Money Market Fund Direct Growth?
The fund has generated 7.87% over the last 1 year and 6.71% 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, 10.05% in bonds, and 89.73% 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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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.