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​​​​​​​​​​​​​​​​​​​ ​​​​​Home Products By Asset Class Debt Funds > ​ Nippon India ​Money Market Fund.​ ​ ​​​​​​​​​

Nippon India Money Market Fund

An open ended debt scheme investing in money market instruments. Relatively Low interest rate risk and moderate Credit Risk.

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This product is suitable for investors who are seeking*:

  • Income over the short term.
  • Investment in money market instruments having residual maturity up to 1 year

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Money Market Fund

Benchmark Riskometer

NIFTY Money Market Index A-I

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  • Investment Objective:
    The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (04 Oct 2024)3924.1341


NAV as on August 30, 2024: `3,894.7274

Performance of Nippon India Money Market Fund as on 31/08/2024
Particulars Simple Annualised %
CAGR %
7 Days15 Days30 Days1 Year3 Years5 YearsSince Inception%
Nippon India Money Market Fund5.766.876.707.586.245.907.33
B:NIFTY Money Market Index A-I6.176.966.917.506.035.427.37
AB:Crisil 1 Yr T-Bill Index6.296.527.117.505.675.546.10
Value of `10000 Invested
Nippon India Money Market Fund10,01110,02610,05210,75811,99213,32638,947
B:NIFTY Money Market Index A-I10,01110,02610,05310,75011,92013,02339,218
AB:Crisil 1 Yr T-Bill Index10,01210,02410,05510,75011,80113,09931,232
Inception Date: Jun 16, 2005
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Anju Chhajer (Since Feb 2020)

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Anju Chhajer

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Floating Rate Fund7.747.515.745.506.786.21
Nippon India Arbitrage Fund7.487.665.796.015.215.03
Nippon India Liquid Fund7.287.405.916.065.195.25
Nippon India Low Duration Fund7.017.495.606.025.976.04
Nippon India Overnight Fund6.716.835.585.724.744.87

Note:

a.Ms. Anju Chhajer manages 6 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes,the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Ms. Anju Chhajer has been managing Nippon India Low Duration Fund since Oct 2009, Nippon India Liquid Fund since Oct 2013, Nippon India Overnight Fund since Dec 2018, Nippon India Arbitrage Fund since Feb 2020, Nippon India Money Market Fund since Feb 2020, Nippon India Floating Rate Fund since Feb 2020.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.IDCW (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Liquid BeES, returns are based on gross IDCW per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).











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Fund Details

  • Inception Date16 Jun 2005
  • Fund ManagerMr.Vikash Agarwal
Current Investment Philosophy
    • The fund would invest in money market instruments like Certificate of Deposits (CD), Commercial Papers (CP), etc. The portfolio duration would be maintained between 110 - 160 days.
Minimum Investment
500.00

    and in multiples of Re.1 thereafter (for Growth Plan) For Daily Dividend Options - Rs. 10000 & in multiples of Re. 1 thereafter For Other Plans & Options - Rs. 500 & in multiples of Re. 1 thereafter

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

Nil

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over the short term.
  • Investment in money market instruments having residual maturity up to 1 year

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

PRC Matrix

Potential Risk Class
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk
Relatively Low (Class I) B-I
Moderate (Class II)
Relatively High (Class III)


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