Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Money Market
Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl

About the Fund

Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 17 July, 2013. The fund is managed by Kinjal Desai, Anju Chhajer. This fund is suitable to keep your money safe.

Key Parameters

  1. Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl has ₹16878 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 4.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -0.10%, 1.76% and 3.14% respectively.

Holdings

Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl 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, Small Industries Development Bank Of India, Panatone Finvest Limited

Taxation

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.

Investment objective of Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl

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 and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.24%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹16878 Cr
Inception Date17 July, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
347.61%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
55.1%
Cash Equivalent
30.1%
Government
14.8%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Bank Of Baroda
Bank Of Baroda
2.86%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
2.86%
0%
HDFC Bank Limited
HDFC Bank Limited
2.41%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.32%
0%
Panatone Finvest Limited
Panatone Finvest Limited
2.3%
0%

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl, since 16 July 2018
Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl, since 1 February 2020

Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl 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 4.46% since inception which is less than its category average return of 4.97%
AUM size ₹16878 Cr

AUM size ₹16878 Cr

This fund has AUM of ₹16878 Cr which is more than its category average of ₹ 7328 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% 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 Quarterly Reinvestment Inc Dist cum Cap Wdrl is ₹1009.61 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-1.3%
-1.3%
6 Month Returns
-1.69%
-1.69%
1 Year Returns
-0.1%
-0.1%
3 Years Returns
5.38%
1.76%
5 Years Returns
16.74%
3.14%
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.
0.24% as on May 2024
₹16878 Cr as on May 2024
Bank Of Baroda(2.86%), National Bank For Agriculture And Rural Development(2.86%), HDFC Bank Limited(2.41%), Small Industries Development Bank Of India(2.32%), Panatone Finvest Limited(2.3%) as on May 2024
Corporate(55.12%), Cash Equivalent(30.1%), Government(14.78%) as on May 2024
Yield to Maturity is 7.6 as on May 2024. 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 0.58 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kinjal Desai, Anju Chhajer are the fund managers of Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Nippon India Money Market Fund Direct Plan Quarterly Reinvestment Inc Dist cum Cap Wdrl is 0%