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Nippon India Money Market Fund Direct Growth
+7.50%
3Y annualised
+0.06% 1D
NAV: 10 Apr '26
₹4,419.52
Min. for SIP
₹100
Fund size (AUM)
₹19,419.68 Cr
Expense ratio
0.21%
Rating
3
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,751 | +2.92% | |
| 3 years | ₹1,80,000 | ₹1,99,988 | +11.10% | |
| 5 years | ₹3,00,000 | ₹3,57,409 | +19.14% | |
| 10 years | ₹6,00,000 | ₹8,43,231 | +40.54% |
Holdings (100)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Punjab National Bank | Financial | CD | 3.74% |
| Indusind Bank Ltd. | Financial | CD | 3.63% |
| Reserve Bank of India | Financial | T-Bills | 2.52% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 2.42% |
| UCO Bank | Financial | CD | 2.41% |
| National Bank For Agriculture & Rural Development | Financial | CD | 2.41% |
| Reserve Bank of India | Financial | T-Bills | 2.26% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 2.19% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 2.07% |
| Punjab National Bank | Financial | CD | 1.93% |
| IDFC First Bank Ltd. | Financial | CD | 1.93% |
| Reserve Bank of India | Financial | T-Bills | 1.86% |
| Punjab National Bank | Financial | CD | 1.82% |
| HDFC Bank Ltd. | Financial | CD | 1.72% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 1.69% |
| Bank Of Baroda | Financial | CD | 1.47% |
| Mindspace Business Parks REIT | Construction | CP | 1.45% |
| HDFC Bank Ltd. | Financial | CD | 1.45% |
| Indusind Bank Ltd. | Financial | CD | 1.45% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.33% |
| Karur Vysya Bank Ltd. | Financial | CD | 1.24% |
| Manappuram Finance Ltd. | Financial | CP | 1.22% |
| Canara Bank | Financial | CD | 1.22% |
| ICICI Bank Ltd. | Financial | CD | 1.22% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.22% |
| HDFC Bank Ltd. | Financial | CD | 1.21% |
| ICICI Bank Ltd. | Financial | CD | 1.21% |
| 360 ONE Wealth Ltd. | Financial | CP | 1.21% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.21% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.21% |
| Indian Bank | Financial | CD | 1.21% |
| IDFC First Bank Ltd. | Financial | CD | 1.21% |
| Punjab & Sind Bank | Financial | CD | 1.20% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | CP | 1.20% |
| IGH Holdings Pvt. Ltd. | Communication | CP | 1.20% |
| Bharti Telecom Ltd. | Communication | CP | 1.20% |
| Torrent Pharmaceuticals Ltd. | Healthcare | CP | 1.10% |
| Bank Of Baroda | Financial | CD | 1.08% |
| Canara Bank | Financial | CD | 1.08% |
| Reserve Bank of India | Financial | T-Bills | 1.02% |
| Reserve Bank of India | Financial | T-Bills | 1.00% |
| Indian Bank | Financial | CD | 0.98% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.98% |
| Bank Of Baroda | Financial | CD | 0.97% |
| Tata Capital Housing Finance Ltd. | Financial | CP | 0.97% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.97% |
| Indian Bank | Financial | CD | 0.97% |
| Bajaj Housing Finance Ltd. | Financial | CP | 0.97% |
| Fedbank Financial Services Ltd. | Financial | CP | 0.96% |
| Indian Overseas Bank | Financial | CD | 0.96% |
| Kotak Mahindra Securities Ltd. | Financial | CP | 0.96% |
| Credila Financial Services Ltd. | Financial | CP | 0.96% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.96% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.96% |
| ICICI Securities Ltd. | Financial | CP | 0.96% |
| Angel One Ltd. | Financial | CP | 0.96% |
| Union Bank of India | Financial | CD | 0.85% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.85% |
| HDFC Bank Ltd. | Financial | CD | 0.74% |
| Bank Of Baroda | Financial | CD | 0.73% |
| Export-Import Bank Of India | Financial | CP | 0.73% |
| Muthoot Finance Ltd. | Financial | CP | 0.73% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.72% |
| Bank Of Baroda | Financial | CD | 0.61% |
| Gujarat State | Construction | SDL | 0.60% |
| Karnataka State | Others | SDL | 0.57% |
| Gujarat State | Construction | SDL | 0.52% |
| Arka Fincap Ltd. | Financial | CP | 0.51% |
| Manappuram Finance Ltd. | Financial | CP | 0.49% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.49% |
| Axis Bank Ltd. | Financial | CD | 0.49% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.49% |
| Bank Of Baroda | Financial | CD | 0.49% |
| HDFC Bank Ltd. | Financial | CD | 0.49% |
| DSP Finance Pvt Ltd. | Financial | CP | 0.48% |
| Nuvama Wealth and Investment Limited | Financial | CP | 0.48% |
| Fedbank Financial Services Ltd. | Financial | CP | 0.48% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.48% |
| HDFC Bank Ltd. | Financial | CD | 0.48% |
| Angel One Ltd. | Financial | CP | 0.36% |
| Tamilnadu State | Others | SDL | 0.30% |
| IDFC First Bank Ltd. | Financial | CD | 0.25% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.25% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.24% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.24% |
| Canara Bank | Financial | CD | 0.24% |
| GOI | Sovereign | GOI Sec | 0.19% |
| Kerala State | Others | SDL | 0.13% |
| Bank Of Baroda | Financial | CD | 0.12% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.12% |
| Export-Import Bank Of India | Financial | CD | 0.12% |
| Indian Bank | Financial | CD | 0.08% |
| Karnataka State | Others | SDL | 0.05% |
| Tamilnadu State | Others | SDL | 0.05% |
| Kerala State | Others | SDL | 0.03% |
| Maharashtra State | Others | SDL | 0.03% |
| GOI | Sovereign | GOI Sec | 0.03% |
| GOI | Sovereign | GOI Sec | 0.02% |
| Maharashtra State | Others | SDL | 0.01% |
| Telangana State | Financial | SDL | 0.01% |
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 | +7.5% | +6.5% | +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 | +6.86% | +7.62% | 32,382.40 | |
Bandhan Money Market Fund Direct Growth | +6.85% | +7.49% | 13,437.11 | |
Franklin India Money Market Fund Direct Growth | +6.74% | +7.47% | 3,959.38 | |
ICICI Prudential Money Market Direct Growth | +6.73% | +7.47% | 31,749.72 | |
Union Money Market Fund Direct Growth | +6.74% | +7.21% | 682.95 | |
| Compare | ||||
Fund management
KDKinjal DesaiMar 2026 - PresentView details
KD
Kinjal Desai
Mar 2026 - Present
View details
VAVikash AgarwalSep 2024 - PresentView details
VA
Vikash Agarwal
Sep 2024 - Present
View details
ASAmber SinghaniaMar 2026 - PresentView details
AS
Amber Singhania
Mar 2026 - 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. Kinjal Desai is the Current Fund Manager of Nippon India Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹6,72,832 Cr and the Latest NAV as of 10 Apr 2026 is ₹4,419.52.
The Nippon India Money Market Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500.
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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₹6,72,831.64 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,