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Nippon India Money Market Fund Direct Growth
Debt
Money Market
Moderate Risk
+7.57%
3Y annualised
+0.02% 1D
NAV: 19 Jan '26
₹4,351.24
Min. SIP amount
₹100
Fund size
₹20,189.58 Cr
Expense ratio
0.22%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹62,014 | +3.36% | |
| 3 years | ₹1,80,000 | ₹2,00,394 | +11.33% | |
| 5 years | ₹3,00,000 | ₹3,53,213 | +17.74% | |
| 10 years | ₹6,00,000 | ₹8,39,695 | +39.95% |
Holdings (181)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Kotak Mahindra Bank Ltd. | Financial | CD | 2.84% |
| Union Bank of India | Financial | CD | 2.66% |
| Canara Bank | Financial | CD | 2.45% |
| Union Bank of India | Financial | CD | 2.41% |
| Reserve Bank of India | Financial | T-Bills | 2.18% |
| Indusind Bank Ltd. | Financial | CD | 1.97% |
| Axis Bank Ltd. | Financial | CD | 1.94% |
| Canara Bank | Financial | CD | 1.93% |
| HDFC Bank Ltd. | Financial | CD | 1.87% |
| Bank Of Baroda | Financial | CD | 1.81% |
| Embassy Office Parks REIT | Construction | CP | 1.71% |
| HDFC Bank Ltd. | Financial | CD | 1.69% |
| IDFC First Bank Ltd. | Financial | CD | 1.69% |
| Axis Bank Ltd. | Financial | CD | 1.64% |
| Bank Of Baroda | Financial | CD | 1.46% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.45% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.41% |
| Axis Bank Ltd. | Financial | CD | 1.41% |
| HDFC Bank Ltd. | Financial | CD | 1.41% |
| Bank Of Baroda | Financial | CD | 1.40% |
| Mindspace Business Parks REIT | Construction | CP | 1.38% |
| Reserve Bank of India | Financial | T-Bills | 1.23% |
| Reserve Bank of India | Financial | T-Bills | 1.23% |
| Indusind Bank Ltd. | Financial | CD | 1.22% |
| Manappuram Finance Ltd. | Financial | CP | 1.22% |
| Bank of India | Financial | CD | 1.21% |
| IDFC First Bank Ltd. | Financial | CD | 1.21% |
| IDBI Bank Ltd. | Financial | CD | 1.21% |
| Karur Vysya Bank Ltd. | Financial | CD | 1.18% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.16% |
| Manappuram Finance Ltd. | Financial | CP | 1.16% |
| Uttarakhand State | Others | SDL | 1.13% |
| Aditya Birla Housing Finance Ltd. | Financial | CP | 1.10% |
| Indian Bank | Financial | CD | 1.10% |
| Embassy Office Parks REIT | Construction | CP | 1.10% |
| Tata Capital Housing Finance Ltd. | Financial | CP | 0.98% |
| Standard Chartered Investment & Loan India Ltd. | Financial | CP | 0.98% |
| Reserve Bank of India | Financial | T-Bills | 0.98% |
| Piramal Finance Ltd. | Financial | CP | 0.98% |
| Bank of India | Financial | CD | 0.97% |
| IDBI Bank Ltd. | Financial | CD | 0.97% |
| Manappuram Finance Ltd. | Financial | CP | 0.96% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 0.96% |
| Axis Bank Ltd. | Financial | CD | 0.96% |
| Manappuram Finance Ltd. | Financial | CP | 0.96% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.94% |
| Bank Of Baroda | Financial | CD | 0.94% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.92% |
| ONGC Petro Additions Ltd. | Energy | CP | 0.86% |
| Reserve Bank of India | Financial | T-Bills | 0.86% |
| Standard Chartered Investment & Loan India Ltd. | Financial | CP | 0.84% |
| Deutsche Investments (I) Pvt. Ltd. | Financial | CP | 0.74% |
| HDFC Bank Ltd. | Financial | CD | 0.73% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.73% |
| Standard Chartered Investment & Loan India Ltd. | Financial | CP | 0.73% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 0.72% |
| Interise Trust | Financial | CP | 0.72% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | CP | 0.72% |
| Deutsche Investments (I) Pvt. Ltd. | Financial | CP | 0.72% |
| HDFC Bank Ltd. | Financial | CD | 0.71% |
| Indian Bank | Financial | CD | 0.70% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.70% |
| Maharashtra State | Others | SDL | 0.67% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 0.61% |
| Indian Bank | Financial | CD | 0.60% |
| Barclays Investments & Loans Ltd. | Financial | CP | 0.60% |
| Reserve Bank of India | Financial | T-Bills | 0.58% |
| Kerala State | Others | SDL | 0.50% |
| Bihar State | Others | SDL | 0.50% |
| Tata Projects Ltd. | Construction | CP | 0.49% |
| Barclays Investments & Loans Ltd. | Financial | CP | 0.49% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | CP | 0.49% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.49% |
| 360 One Wam Ltd. | Financial | CP | 0.49% |
| Piramal Finance Ltd. | Financial | CP | 0.49% |
| IDBI Bank Ltd. | Financial | CD | 0.49% |
| IDBI Bank Ltd. | Financial | CD | 0.49% |
| TVS Credit Services Ltd. | Financial | CP | 0.49% |
| Reserve Bank of India | Financial | T-Bills | 0.49% |
| The Federal Bank Ltd. | Financial | CD | 0.49% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.49% |
| LIC Housing Finance Ltd. | Financial | CP | 0.49% |
| Pilani Investment And Industries Corporation Ltd. | Financial | CP | 0.49% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.49% |
| Axis Bank Ltd. Warrant | Financial | CD | 0.49% |
| Infina Finance Pvt. Ltd. | Financial | CP | 0.48% |
| Tata Capital Ltd. | Financial | CP | 0.48% |
| Canara Bank | Financial | CD | 0.48% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.48% |
| Canara Bank | Financial | CD | 0.48% |
| Arka Fincap Ltd. | Financial | CP | 0.48% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | CP | 0.48% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.48% |
| Deutsche Investments (I) Pvt. Ltd. | Financial | CP | 0.48% |
| Truhome Finance Ltd. | Financial | CP | 0.48% |
| Kerala State | Others | SDL | 0.47% |
| Manappuram Finance Ltd. | Financial | CP | 0.46% |
| Jharkhand State | Others | SDL | 0.45% |
| Jharkhand State | Others | SDL | 0.38% |
| Karnataka State | Others | SDL | 0.37% |
| GOI | Sovereign | GOI Sec | 0.37% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.37% |
| Bank Of Baroda | Financial | CD | 0.37% |
| HDFC Bank Ltd. | Financial | CD | 0.37% |
| Godrej Finance Ltd. | Financial | CP | 0.37% |
| Reserve Bank of India | Financial | T-Bills | 0.37% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.37% |
| ICICI Securities Ltd. | Financial | CP | 0.36% |
| Barclays Investments & Loans Ltd. | Financial | CP | 0.36% |
| Poonawalla Fincorp Ltd. | Financial | CP | 0.34% |
| Haryana State | Others | SDL | 0.25% |
| Pilani Investment And Industries Corporation Ltd. | Financial | CP | 0.25% |
| Bank of India | Financial | CD | 0.25% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.25% |
| GOI | Sovereign | GOI Sec | 0.25% |
| Bharti Telecom Ltd. | Communication | CP | 0.25% |
| Canara Bank | Financial | CD | 0.25% |
| The Federal Bank Ltd. | Financial | CD | 0.25% |
| Union Bank of India | Financial | CD | 0.25% |
| Reserve Bank of India | Financial | T-Bills | 0.24% |
| Punjab National Bank | Financial | CD | 0.24% |
| Export-Import Bank Of India | Financial | CD | 0.24% |
| Union Bank of India | Financial | CD | 0.24% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.24% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.23% |
| Uttar Pradesh State | Others | SDL | 0.23% |
| Haryana State | Others | SDL | 0.22% |
| Karnataka State | Others | SDL | 0.21% |
| GOI | Sovereign | GOI Sec | 0.21% |
| GOI | Sovereign | GOI Sec | 0.18% |
| Maharashtra State | Others | SDL | 0.17% |
| Karnataka State | Others | SDL | 0.16% |
| Uttar Pradesh State | Others | SDL | 0.15% |
| Uttar Pradesh State | Others | SDL | 0.15% |
| Andhra Pradesh State | Financial | SDL | 0.15% |
| Kerala State | Others | SDL | 0.13% |
| Madhya Pradesh State | Others | SDL | 0.12% |
| Andhra Pradesh State | Financial | SDL | 0.12% |
| Chhattisgarh State | Others | SDL | 0.12% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | CP | 0.12% |
| Canara Bank | Financial | CD | 0.12% |
| IDBI Bank Ltd. | Financial | CD | 0.12% |
| Axis Bank Ltd. | Financial | CD | 0.12% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.12% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.12% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | CP | 0.12% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.12% |
| ICICI Securities Ltd. | Financial | CP | 0.12% |
| Indian Bank | Financial | CD | 0.12% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.12% |
| Axis Bank Ltd. | Financial | CD | 0.12% |
| Bank Of Baroda | Financial | CD | 0.12% |
| Assam State | Others | SDL | 0.11% |
| Bihar State | Others | SDL | 0.10% |
| Puducherry State | Others | SDL | 0.10% |
| GOI | Sovereign | CGL | 0.09% |
| Rajasthan State | Others | SDL | 0.09% |
| Maharashtra State | Others | SDL | 0.08% |
| Rajasthan State | Others | SDL | 0.07% |
| GOI | Sovereign | CGL | 0.06% |
| Telangana State | Financial | SDL | 0.06% |
| GOI | Sovereign | CGL | 0.05% |
| Rajasthan State | Others | SDL | 0.05% |
| Tamilnadu State | Others | SDL | 0.05% |
| GOI | Sovereign | GOI Sec | 0.03% |
| Kerala State | Others | SDL | 0.03% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.02% |
| Bihar State | Others | SDL | 0.02% |
| GOI | Sovereign | GOI Sec | 0.01% |
| Tamilnadu State | Others | SDL | 0.01% |
| Telangana State | Financial | SDL | 0.01% |
| Telangana State | Financial | SDL | 0.01% |
| Uttar Pradesh State | Others | SDL | 0.01% |
| West Bengal State | Others | SDL | 0.00% |
| Uttarakhand State | Others | SDL | 0.00% |
| Nagaland State | Others | SDL | 0.00% |
| Chhattisgarh State | Others | SDL | 0.00% |
| Telangana State | Financial | SDL | 0.00% |
| Assam State | Others | SDL | 0.00% |
| GOI | Sovereign | CGL | 0.00% |
| Rajasthan State | Others | SDL | 0.00% |
See All
Minimum investments
Min. for 1st investment
₹500
Min. for 2nd investment
₹500
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +7.6% | +6.4% | +6.8% | +7.3% |
| Category average (Debt Money Market) | +7.2% | +5.9% | +6.5% | -- |
| Rank (Debt Money Market) | 3 | 2 | 6 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Tata Money Market Fund Direct Growth | +7.43% | +7.69% | 35,599.90 | |
Axis Money Market Fund Direct Growth | +7.40% | +7.61% | 20,781.21 | |
Bandhan Money Market Fund Direct Growth | +7.42% | +7.56% | 12,313.03 | |
Union Money Market Fund Direct Growth | +7.13% | +7.21% | 119.68 | |
Bajaj Finserv Money Market Fund Direct Growth | +7.38% | -- | 4,196.35 | |
| Compare | ||||
Fund management
VAVikash AgarwalSep 2024 - PresentView details
VA
Vikash Agarwal
Sep 2024 - Present
View details
DDSDivya Dutt SharmaSep 2025 - PresentView details
DDS
Divya Dutt Sharma
Sep 2025 - Present
View details
LMLokesh MaruSep 2025 - PresentView details
LM
Lokesh Maru
Sep 2025 - Present
View details
About Nippon India Money Market Fund Direct Growth
Nippon India Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Vikash Agarwal is the Current Fund Manager of Nippon India Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,11,423 Cr and the Latest NAV as of 19 Jan 2026 is ₹4,351.24.
The Nippon India Money Market Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500.
;
Investment Objective
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.
Fund benchmarkNIFTY Money Market Index A-I
Fund house
Rank (total assets)#4 in India
Total AUM₹7,11,422.55 Cr
Date of Incorporation30 Jun 1995
Launch Date30 Jun 1995
Address30th Floor, One Lodha PlaceSenapati Bapat Marg, Lower ParelMumbai Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,