Nippon India Money Market Fund Direct Growth
NAV as on 09-05-2025
₹ 4163.16
Inception Returns
7.4%
/yr
Historical NAV & Returns
Absolute
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348 people have invested ₹ 70.9L in Nippon India Money Market Fund Direct Growth in the last three months
About Nippon India Money Market Fund Direct Growth
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, Vikash Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Money Market Fund Direct Growth has ₹17772 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Nippon India Money Market Fund Direct Growth has given a CAGR return of 7.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.08%, 7.44% and 6.21% respectively.
Holdings
Nippon India Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Axis Bank Limited, HDFC Bank Limited, Canara Bank (13/03/2026), Punjab National Bank (18/03/2026), Indusind Bank 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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Nippon India Money Market Fund Direct Growth
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 Growth has no lock in period.
Nippon India Money Market Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | Nifty Money Market Index A-I TR INR |
| AUM | ₹17772 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 311.29% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
100%
Sector Allocation
Corporate
46.4%
Cash Equivalent
32.6%
Government
21%
All changes are between Oct'69 and Dec'69
- AUM of the fund stands at 15.2K Cr as of Mar'25
- AUM decreased by 1.6K Cr between Mar'25 and Feb'25
Cash allocation has gone down from 90.5% to 70.2%
Debt allocation has gone up from 9.3% to 29.5%
Top 3 Sectors in March were Financial Services, Corporate & Government
Mar'25
Financial Services
100%
Corporate
46%
Government
21%
Feb'25
Financial Services
100%
Corporate
46%
Government
18%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 2.94% | 0% | |
HDFC Bank Limited | 2.68% | 0% | |
Punjab National Bank (18/03/2026) | 2.66% | 0% | |
Canara Bank (13/03/2026) | 2.66% | 0% | |
Kotak Mahindra Bank Limited | 2.14% | 0% | |
Indusind Bank Limited | 2.14% | 0% | |
HDFC Bank Limited | 2.13% | 0% | |
HDFC Bank Limited** | 2.13% | 100% | |
Indian Bank | 1.88% | 0% | |
Embassy Office Parks REIT | 1.86% | 0% | |
LIC Housing Finance Limited** | 1.86% | 0% | |
National Bank For Agriculture And Rural Development | 1.61% | 0% | |
Canara Bank | 1.61% | 100% | |
National Bank For Agriculture And Rural Development | 1.61% | 0% | |
Small Industries Dev Bank Of India (11/03/2026) | 1.6% | 100% | |
National Bank For Agriculture And Rural Development | 1.6% | 0% | |
182 Days Tbill | 1.4% | 100% | |
Sharekhan Limited | 1.36% | 0% | |
Credila Financial Services Limited | 1.35% | 0% | |
364 Days Tbill Red 12-03-2026 | 1.34% | 100% | |
364 Days Tbill (Md 05/03/2026) | 1.34% | 100% | |
364 DTB 27022026 | 1.34% | 0% | |
National Bank For Agriculture And Rural Development | 1.34% | 0% | |
Indusind Bank Limited (11/03/2026) | 1.33% | 100% | |
Manappuram Finance Ltd. | 1.31% | 0% | |
Bharti Telecom Limited | 1.23% | 0% | |
Union Bank Of India | 1.22% | 0% | |
Axis Bank Limited** | 1.2% | 100% | |
364 DTB 04122025 | 1.09% | 0% | |
The Federal Bank Limited | 1.08% | 0% | |
Indusind Bank Ltd. | 1.08% | 0% | |
IDFC First Bank Limited | 1.08% | 0% | |
The Federal Bank Limited | 1.07% | 0% | |
Small Industries Development Bank Of India | 1.07% | 0% | |
ICICI Securities Limited | 1.07% | 0% | |
ICICI Securities Limited** | 1.06% | 0% | |
Tata Capital Housing Finance Limited** | 1.06% | 100% | |
Small Industries Dev Bank Of India** | 1.06% | 100% | |
Standard Chartered Capital Limited** | 1.06% | 0% | |
Piramal Capital & Housing Finance Limited | 1.06% | 0% | |
Piramal Capital & Housing Finance Limited** | 1.05% | 0% | |
Poonawalla Fincorp Limited** | 0.9% | 0% | |
08.69 Tn SDL 2026 | 0.86% | 0% | |
Canara Bank | 0.81% | 500% | |
Bank Of Baroda** | 0.81% | 100% | |
Tata Capital Limited (11/03/2026) ** | 0.8% | 0% | |
Bharti Telecom Limited | 0.8% | 0% | |
Small Industries Development Bank Of India | 0.8% | 0% | |
The Federal Bank Limited | 0.8% | 0% | |
Union Bank Of India | 0.8% | 0% | |
Small Industries Development Bank Of India | 0.8% | 100% | |
AU Small Finance Bank Ltd. | 0.79% | 0% | |
Embassy Office Parks REIT | 0.79% | 0% | |
08.36 MH Sdl 2026 | 0.77% | 0% | |
Highways Infrastructure Trust | 0.73% | 0% | |
Union Bank Of India | 0.67% | 100% | |
Bank Of Baroda** | 0.67% | 100% | |
Treasury Bills | 0.62% | 0% | |
Au Small Finance Bank Limited | 0.55% | 0% | |
Hsbc Investdirect Financial Services (India) Limited | 0.55% | 0% | |
Indusind Bank Limited** | 0.54% | 0% | |
Muthoot Finance Limited | 0.54% | 0% | |
Au Small Finance Bank Limited | 0.54% | 0% | |
Igh Holdings Private Limited | 0.54% | 0% | |
Julius Baer Capital (India) Private Limited | 0.54% | 0% | |
Axis Bank Limited | 0.54% | 100% | |
Export-Import Bank Of India | 0.54% | 0% | |
IDFC First Bank Limited | 0.54% | 0% | |
Small Industries Dev Bank Of India** | 0.54% | 0% | |
Bahadur Chand Investments Private Limited | 0.53% | 0% | |
Standard Chartered Capital Limited | 0.53% | 0% | |
Bank Of India | 0.53% | 0% | |
IDBI Bank Limited | 0.53% | 0% | |
360 One Prime Limited** | 0.53% | 0% | |
360 One Wam Limited | 0.53% | 0% | |
Au Small Finance Bank Limited | 0.53% | 100% | |
The Federal Bank Limited** | 0.53% | 100% | |
LIC Housing Finance Limited** | 0.53% | 0% | |
Hero Fincorp Limited | 0.53% | 0% | |
Union Bank Of India** | 0.53% | 100% | |
Godrej Finance Limited** | 0.53% | 0% | |
IDBI Bank Limited | 0.53% | 100% | |
08.42 JH Sdl 2026 | 0.51% | 0% | |
08.82 JH Sdl 2026 | 0.44% | 0% | |
7.59% Govt Stock 2026 | 0.43% | 0% | |
National Bank For Agriculture And Rural Development | 0.4% | 0% | |
Canara Bank | 0.4% | 0% | |
National Bank For Agriculture And Rural Development | 0.4% | 100% | |
LIC Housing Finance Limited | 0.4% | 0% | |
08.69 KL Sdl 2026 | 0.34% | 0% | |
08.42 KL Sdl 2026 | 0.34% | 0% | |
08.38 HR Sdl 2026 | 0.29% | 0% | |
Arka Fincap Limited | 0.27% | 0% | |
Muthoot Finance Limited | 0.27% | 100% | |
Axis Bank Ltd. | 0.27% | 100% | |
HDFC Bank Ltd. | 0.27% | 0% | |
IDBI Bank Limited (Industrial Development Bank Of India Ltd) | 0.27% | -66.7% | |
IDFC First Bank Limited | 0.27% | 0% | |
Birla Group Holdings Private Limited | 0.27% | 0% | |
Canara Bank | 0.27% | 0% | |
Pilani Investment & Industries Corporation Limited | 0.27% | 0% | |
Godrej Finance Limited | 0.27% | 0% | |
Motilal Oswal Financial Services Limited | 0.26% | 0% | |
08.67 KA Sdl 2026 | 0.25% | 0% | |
Corporate Debt Market Development Fund Class A2 | 0.25% | 0% | |
08.53 Up SDL 2026 | 0.17% | 0% | |
07.69 MP UDAY 2026 | 0.14% | 0% | |
07.98 AP Sdl 2025 | 0.14% | 0% | |
08.21 Tn SDL 2025 | 0.14% | 0% | |
364 DTB 04092025 | 0.14% | 0% | |
HDFC Bank Limited | 0.14% | 100% | |
08.22 Tn SDL 2025dec | 0.14% | 0% | |
Canara Bank | 0.14% | 100% | |
08.27 Tn SDL 2025dec | 0.14% | 0% | |
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 0.14% | 0% | |
Small Industries Development Bank of India | 0.13% | 0% | |
07.01 PY Sdl 2026 | 0.11% | 0% | |
08.34 Up SDL 2026 | 0.09% | 0% | |
Bharti Telecom Limited | 0.08% | 0% | |
08.39 Up SDL 2026 | 0.08% | 0% | |
08.47 MH Sdl 2026 | 0.06% | 0% | |
08.82 BR Sdl 2026 | 0.06% | 0% | |
08.53 Ts SDL 2026 | 0.06% | 0% | |
08.39 RJ UDAY 2026 | 0.03% | 0% | |
08.27 KA Sdl 2026 | 0.03% | 0% | |
08.22 KA Sdl 2025 | 0.03% | 0% | |
08.76 MP Sdl 2026 | 0.03% | 0% | |
Goi Strips (Md 07/06/2025) | 0.03% | 0% | |
6.80% Govt Stock 2025 | 0.03% | 0% | |
Gs CG 12/6/2025 - (Strips) Tb | 0% | 0% | |
GS CG 22/8/2025 - (STRIPS) Strips | 0% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India Money Market Fund | 8.08% | 7.44% | 6.21% | 7.37% |
 Aditya Birla Sun Life Money Manager Fund Direct Growth | 8.05% | 7.45% | 6.3% | 7.46% |
 Baroda BNP Paribas Money Market Fund Direct Growth | 7.9% | 7.01% | 5.48% | 5.68% |
 SBI Savings Fund Direct Growth | 8.01% | 7.35% | 6.17% | 7.58% |
 Tata Money Market Fund Direct Growth | 8.19% | 7.55% | 6.41% | 6.77% |
 ICICI Prudential Money Market Fund Direct Growth | 8.07% | 7.38% | 6.19% | 7.32% |
 DSP Savings Fund Direct Growth | 7.71% | 7.18% | 5.93% | 7.04% |
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Kinjal Desai
Fund Manager of Nippon India Money Market Fund Direct Growth, since 16 July 2018
Top funds managed
Vikash Agarwal
Fund Manager of Nippon India Money Market Fund Direct Growth, since 14 September 2024
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹3.92L Cr
as on 31-Mar-2025
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Mutual Fund Insights
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.41% return, outperforming this fund by 0.2% per annum.
Over the last 1 month, this fund has experienced a 16.7% growth in AUM moving from 15.22K Cr to 17.77K Cr.
This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.25% which is lower than the category average expense ratio of 0.31%.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.55% return, outperforming this fund by 0.11% per annum.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.19% return, outperforming this fund by 0.11%.
Over the last 3 months, this fund has decreased expense ratio by 3.8% moving from 0.26 to 0.25.
Nippon India Money Market Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.37% since inception which is more than its category average return of 5.49%
AUM size ₹17772 Cr
This fund has AUM of ₹17772 Cr which is more than its category average of ₹ 11016 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions for Nippon India Money Market Fund Direct Growth
The current NAV of Nippon India Money Market Fund Direct Growth is ₹4163.16 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Nippon India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 4.12% | 4.12% |
1 Year Returns | 8.08% | 8.08% |
3 Years Returns | 24.02% | 7.44% |
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.
0.25% as on April 2025
₹17772 Cr as on April 2025
Axis Bank Limited(2.94%), HDFC Bank Limited(2.68%), Canara Bank (13/03/2026)(2.66%), Punjab National Bank (18/03/2026)(2.66%), Indusind Bank Limited(2.14%) as on April 2025
Corporate(48.1%), Cash Equivalent(29.75%), Government(22.14%) as on April 2025
Yield to Maturity is 7.33 as on April 2025. 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 0.84 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Kinjal Desai, Vikash Agarwal are the fund managers of Nippon India Money Market Fund Direct Growth
The Exit load of Nippon India Money Market Fund Direct Growth is 0%