Nippon India Money Market Fund Direct Plan Growth Option
Debt
Direct
Money Market
NAV: ₹ 3857.74 as on 17-05-2024
About the Fund
Nippon India Money Market Fund Direct Plan Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Anju Chhajer. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Money Market Fund Direct Plan Growth Option has ₹14775 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
358 people have invested ₹ 1.2Cr in Nippon India Money Market Fund Direct Plan Growth Option in the last three months
Overview
 | 0.24% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹14775 Cr |
 | 1 January, 2013 |
 | ₹500/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 347.61% |
Nippon India Money Market Fund Direct Plan Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
55.8%
Cash Equivalent
30.4%
Government
13.7%
Top Holdings of Nippon India Money Market Fund Direct Plan Growth Option as on (30-Apr-24)
Debt Holdings100
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bank Of Baroda | 3.19% | 0% | |
National Bank For Agriculture And Rural Development | 3.18% | 0% | |
HDFC Bank Limited | 2.69% | -5.7% | |
Small Industries Development Bank Of India | 2.59% | 0% | |
Panatone Finvest Limited | 2.56% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 14.8K Cr as of Apr'24
- AUM increased by 2.6K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.24% which is lower than the category average expense ratio of 0.33%.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.78% return, outperforming this fund by 0.13%.
Over the last 1 month, this fund has experienced a 21.1% growth in AUM moving from 12.20K Cr to 14.77K Cr.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.12% return, outperforming this fund by 0.08% per annum.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.14% per annum.
Over the last 1 year, this fund has increased expense ratio by 14.3% moving from 0.21 to 0.24.
Peer Analysis
Fund Manager
Kinjal Desai
Fund Manager of Nippon India Money Market Fund Direct Plan Growth Option, since 16 July 2018
Top funds managed
Anju Chhajer
Fund Manager of Nippon India Money Market Fund Direct Plan Growth Option, since 1 February 2020
Top funds managed
Nippon India Money Market Fund Direct Plan Growth Option Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.3% since inception which is more than its category average return of 4.96%
AUM size ₹14775 Cr
This fund has AUM of ₹14775 Cr which is more than its category average of ₹ 6891 Cr
Expense Ratio 0.24%
This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of Nippon India Money Market Fund Direct Plan Growth Option is ₹3857.74 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
Nippon India Money Market Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.91% | 3.91% |
1 Year Returns | 7.66% | 7.66% |
3 Years Returns | 19.21% | 6.03% |
5 Years Returns | 34.62% | 6.13% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.24% as on April 2024
₹14775 Cr as on April 2024
Bank Of Baroda(3.19%), National Bank For Agriculture And Rural Development(3.18%), HDFC Bank Limited(2.69%), Small Industries Development Bank Of India(2.59%), Panatone Finvest Limited(2.56%) as on April 2024
Corporate(55.84%), Cash Equivalent(30.44%), Government(13.72%) as on April 2024
Yield to Maturity is 7.65 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.64 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Kinjal Desai, Anju Chhajer are the fund managers of Nippon India Money Market Fund Direct Plan Growth Option
The Exit load of Nippon India Money Market Fund Direct Plan Growth Option is 0%