3 Year return

6.23%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹16109.66 Cr.

Expense Ratio

0.24% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

5
5
5

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

AC

Anju Chhajer

Fund Manager since Dec 2018

View Details

Fund House Details

Nippon India Mutual Fund

Nippon India Mutual Fund Asset management company

AUM ₹486,805.05 Cr.
No. of Schemes 290
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About the Nippon India Money Market Fund Direct Plan Growth Plan Growth

The Nippon India Money Market Fund Direct Plan Growth Plan Growth is an actively managed debt fund managed by Nippon India Mutual Fund. It is a direct plan, which means that you will pay lower fees than if you invested in a regular plan. The fund has a growth option, which means that your investment returns are reinvested in the fund to grow your investment over time.

Investment Objectives of the Scheme

The investment objective of the Nippon India Money Market Fund Direct Plan Growth Plan Growth is to generate income by investing in a diversified portfolio of money market instruments. The fund seeks to achieve its objective by investing in a mix of money market instruments that are expected to generate income over the short term.

Key Features of The Fund

5-year return 6.08%
Expense Ratio 0.24%
Fund Manager Anju Chhajer
Fund Size ₹16109.66 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The Nippon India Money Market Fund Direct Plan Growth Plan Growth is a good option for investors who are looking for an investment that generates regular income with low risk. The fund is suitable for investors who have a low-to-moderate risk tolerance and are looking for an investment that can help them meet their short-term financial goals.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email customercare@nipponindiaim.in
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Nippon India Money Market Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Money Market Fund Jul 12 2024 is 3903.263

What is the AUM of Nippon India Money Market Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Money Market Fund is 16109.66 crore.

What is the expense ratio of Nippon India Money Market Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Money Market Fund is 0.24%

What are the returns of Nippon India Money Market Fund since inception?

The Nippon India Money Market Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.31 since inception.

What is the minimum SIP amount to invest in Nippon India Money Market Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Money Market Fund is 100.

How do I invest in Nippon India Money Market Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Money Market Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Money Market Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Money Market Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.