Nippon India Money Market Fund Direct Growth 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.
Nippon India Money Market Fund Direct Growth has given a CAGR return of 7.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.71%, 6.27% and 6.07% respectively.
Nippon India Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Bank Of Baroda, National Bank For Agriculture And Rural Development, HDFC Bank Limited, Panatone Finvest Limited, Punjab National Bank
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.24% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹18169 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 347.61% |
Risk | Moderate Risk |
Nippon India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.66% | 0.66% |
6 Month Returns | 4.01% | 4.01% |
1 Year Returns | 7.71% | 7.71% |
3 Years Returns | 20.02% | 6.27% |
5 Years Returns | 34.24% | 6.07% |
AAA | 100 |