Nippon India Money Market Fund Direct Plan Bonus Plan
Debt
Direct
Money Market
NAV: ₹ 2081.8 as on 27-03-2023
Fund Performance
Nippon India Money Market Fund Direct Plan Bonus Plan Performance as on (27-Mar-23)
About the Fund
Nippon India Money Market Fund Direct Plan Bonus Plan is a debt fund. This fund was started on 6 February, 2013. The fund is managed by Anju Chhajer, Kinjal Desai, Akshay Sharma. This fund is suitable to keep your money safe.
Key parameters
1) Nippon India Money Market Fund Direct Plan Bonus Plan has a NAV of ₹2081.7696 as on 27-03-2023.
2) Nippon India Money Market Fund Direct Plan Bonus Plan has ₹10754 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.
3) The fund has an expense ratio 0.21 %.
Nippon India Money Market Fund Direct Plan Bonus Plan Overview
 | 0.21% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹10754 Cr |
 | 6 February, 2013 |
 | ₹500/₹0 |
 | 0% |
 | No Lock-in |
 TurnOver | 365.07% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
48.3%
Corporate
28.5%
Government
23.3%
Top Holdings of Nippon India Money Market Fund Direct Plan Bonus Plan as on (28-Feb-23)
Debt Holdings88
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Triparty Repo | 13.71% | 0% | |
Net Current Assets | 6.27% | 0% | |
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 3.21% | 0% | |
Axis Bank Limited | 2.99% | -18.8% | |
Vedanta Limited | 2.79% | 0% |
See all
Nippon India Money Market Fund Direct Plan Bonus Plan: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Money Market Index returns stands at 0.41% as on Feb'23
- This fund outperformed Money Market Index by 0.09% in Feb'23
AUM Change
- AUM of the fund stands at 11.7K Cr as of Feb'23
- AUM increased by 675.6 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Debt allocation has gone down from 18.3% to 12.5%
Cash allocation has gone up from 81.7% to 87.5%
Top 2 Sectors in February were Corporate, Government
Feb'23
Corporate
28%
Government
23%
Jan'23
Corporate
31%
Government
25%
Peer Analysis
Nippon India Money Market Fund Direct Plan Bonus Plan Fund Manager
Anju Chhajer
Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 1 February 2020
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 16 July 2018
Top funds managed
Akshay Sharma
Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 1 December 2022
Top funds managed
Fund 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 7.23% since inception which is more than its category average return of 4.8%
AUM size ₹10754 Cr
This fund has AUM of ₹10754 Cr which is more than its category average of ₹ 4642 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% 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 Bonus Plan is 2081.77 as on 27-Mar-2023.
Existing (Absolute + CAGR)
Nippon India Money Market Fund Direct Plan Bonus Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.48% | 3.48% |
1 Year Returns | 5.78% | 5.78% |
3 Years Returns | 16.15% | 5.12% |
5 Years Returns | 35.45% | 6.26% |
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.
0.21 as on February 2023
10754 Cr as on February 2023
Yield to Maturity is 7.62 as on February 2023. 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 0.38 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Anju Chhajer,Kinjal Desai,Akshay Sharma are the fund managers of Nippon India Money Market Fund Direct Plan Bonus Plan
The Exit load of Nippon India Money Market Fund Direct Plan Bonus Plan is 0%