Nippon India Money Market Fund Direct Plan Bonus Plan
Nippon India Money Market Fund Direct Plan Bonus Plan

Nippon India Money Market Fund Direct Plan Bonus Plan

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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)

Return
1M
3M
6M
1Y
3Y
5Y
Nippon India Money Market Fund Direct Plan Bonus Plan
0.6%
1.7%
3.5%
5.8%
5.1%
6.3%
Money Market Index
0.5%
1.4%
2.9%
4.8%
4.6%
5.1%

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

Expense ratio
Expense ratio
0.21%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹10754 Cr
Inception Date
Inception Date
6 February, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
365.07%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Feb'23

Jan'23

Dec'22

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 & Cash

Debt Holdings88
Holdings
Weight%
Holdings Trend
1M Change
Triparty Repo
Triparty Repo
13.71%
0%
Net Current Assets
Net Current Assets
6.27%
0%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
3.21%
0%
Axis Bank Limited
Axis Bank Limited
2.99%
-18.8%
Vedanta Limited
Vedanta Limited
2.79%
0%

Nippon India Money Market Fund Direct Plan Bonus Plan: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.49%
0.57%
0.60%
Money Market Index
0.41%
0.44%
0.48%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 11.7K Cr
₹ 11K Cr
₹ 10.2K Cr
  • 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%
Debt allocation has gone down from 18.3% to 12.5%
Cash allocation has gone up from 81.7% to 87.5%
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%

Nippon India Money Market Fund Direct Plan Bonus Plan Fund Manager

Anju Chhajer

Anju Chhajer

Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 1 February 2020
Kinjal Desai

Kinjal Desai

Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 16 July 2018
Akshay Sharma

Akshay Sharma

Fund Manager of Nippon India Money Market Fund Direct Plan Bonus Plan, since 1 December 2022

Fund Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

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

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%

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%