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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Nippon India Money Market Fund Direct IDCW Monthly
+7.56%
3Y annualised
+0.01% 1D
NAV: 09 Mar '26
₹1,023.27
Min. for SIP
₹100
Fund size
₹21,876.27 Cr
Expense ratio
0.22%
Return calculator
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 (126)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Indusind Bank Ltd. | Financial | CD | 3.21% |
| HDFC Bank Ltd. | Financial | CD | 2.38% |
| Reserve Bank of India | Financial | T-Bills | 2.23% |
| Punjab National Bank | Financial | CD | 2.15% |
| Canara Bank | Financial | CD | 2.15% |
| UCO Bank | Financial | CD | 2.14% |
| Reserve Bank of India | Financial | T-Bills | 2.03% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.93% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 1.92% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.83% |
| Reserve Bank of India | Financial | T-Bills | 1.76% |
| IDFC First Bank Ltd. | Financial | CD | 1.71% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.61% |
| IDFC First Bank Ltd. | Financial | CD | 1.57% |
| Axis Bank Ltd. | Financial | CD | 1.52% |
| Bank Of Baroda | Financial | CD | 1.50% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 1.50% |
| Bank Of Baroda | Financial | CD | 1.30% |
| Indusind Bank Ltd. | Financial | CD | 1.28% |
| Mindspace Business Parks REIT | Construction | CP | 1.28% |
| Union Bank of India | Financial | CD | 1.18% |
| IDBI Bank Ltd. | Financial | CD | 1.12% |
| IDFC First Bank Ltd. | Financial | CD | 1.12% |
| Karur Vysya Bank Ltd. | Financial | CD | 1.10% |
| ICICI Bank Ltd. | Financial | CD | 1.08% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.08% |
| Canara Bank | Financial | CD | 1.08% |
| Manappuram Finance Ltd. | Financial | CP | 1.08% |
| HDFC Bank Ltd. | Financial | CD | 1.07% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.07% |
| Indian Bank | Financial | CD | 1.07% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.07% |
| IDFC First Bank Ltd. | Financial | CD | 1.07% |
| 360 ONE Wealth Ltd. | Financial | CP | 1.07% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | CP | 1.06% |
| Uttarakhand State | Others | SDL | 1.04% |
| Indian Bank | Financial | CD | 1.03% |
| Embassy Office Parks REIT | Construction | CP | 1.03% |
| Torrent Pharmaceuticals Ltd. | Healthcare | CP | 0.97% |
| Reserve Bank of India | Financial | T-Bills | 0.91% |
| Manappuram Finance Ltd. | Financial | CP | 0.89% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.88% |
| Indian Bank | Financial | CD | 0.87% |
| Indian Bank | Financial | CD | 0.86% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.86% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.86% |
| Bank Of Baroda | Financial | CD | 0.86% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.86% |
| Tata Capital Housing Finance Ltd. | Financial | CP | 0.86% |
| Bajaj Housing Finance Ltd. | Financial | CP | 0.86% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.85% |
| Angel One Ltd. | Financial | CP | 0.85% |
| Indian Overseas Bank | Financial | CD | 0.85% |
| Kotak Mahindra Securities Ltd. | Financial | CP | 0.85% |
| ICICI Securities Ltd. | Financial | CP | 0.85% |
| Fedbank Financial Services Ltd. | Financial | CP | 0.85% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.85% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 0.67% |
| Interise Trust | Financial | CP | 0.67% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.65% |
| Canara Bank | Financial | CD | 0.65% |
| Export-Import Bank Of India | Financial | CP | 0.65% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.65% |
| HDFC Bank Ltd. | Financial | CD | 0.65% |
| Muthoot Finance Ltd. | Financial | CP | 0.64% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.64% |
| Embassy Office Parks REIT | Construction | CP | 0.57% |
| Canara Bank | Financial | CD | 0.56% |
| Reserve Bank of India | Financial | T-Bills | 0.54% |
| Bank Of Baroda | Financial | CD | 0.54% |
| Reserve Bank of India | Financial | T-Bills | 0.46% |
| Deutsche Investments (I) Pvt. Ltd. | Financial | CP | 0.45% |
| Truhome Finance Ltd. | Financial | CP | 0.45% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.45% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | CP | 0.45% |
| Arka Fincap Ltd. | Financial | CP | 0.45% |
| HDFC Bank Ltd. | Financial | CD | 0.44% |
| Bank Of Baroda | Financial | CD | 0.43% |
| HDFC Bank Ltd. | Financial | CD | 0.43% |
| Axis Bank Ltd. | Financial | CD | 0.43% |
| Manappuram Finance Ltd. | Financial | CP | 0.43% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.43% |
| Punjab National Bank | Financial | CD | 0.43% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.43% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.42% |
| Nuvama Wealth and Investment Limited | Financial | CP | 0.42% |
| Barclays Investments & Loans Ltd. | Financial | CP | 0.34% |
| Reserve Bank of India | Financial | T-Bills | 0.34% |
| Aditya Birla Housing Finance Ltd. | Financial | CP | 0.34% |
| Karnataka State | Others | SDL | 0.34% |
| Poonawalla Fincorp Ltd. | Financial | CP | 0.32% |
| Angel One Ltd. | Financial | CP | 0.32% |
| GOI | Sovereign | GOI Sec | 0.23% |
| Punjab National Bank | Financial | CD | 0.23% |
| Manappuram Finance Ltd. | Financial | CP | 0.23% |
| Union Bank of India | Financial | CD | 0.22% |
| AU Small Finance Bank Ltd. | Financial | CD | 0.22% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.22% |
| Canara Bank | Financial | CD | 0.22% |
| Muthoot Fincorp Ltd. | Financial | CP | 0.21% |
| GOI | Sovereign | GOI Sec | 0.19% |
| GOI | Sovereign | GOI Sec | 0.16% |
| Kerala State | Others | SDL | 0.12% |
| Axis Bank Ltd. | Financial | CD | 0.11% |
| Indian Bank | Financial | CD | 0.11% |
| Canara Bank | Financial | CD | 0.11% |
| Madhya Pradesh State | Others | SDL | 0.11% |
| GOI | Sovereign | CGL | 0.08% |
| Maharashtra State | Others | SDL | 0.08% |
| Rajasthan State | Others | SDL | 0.08% |
| GOI | Sovereign | CGL | 0.06% |
| Telangana State | Financial | SDL | 0.05% |
| Tamilnadu State | Others | SDL | 0.04% |
| GOI | Sovereign | GOI Sec | 0.03% |
| Kerala State | Others | SDL | 0.02% |
| Bihar State | Others | SDL | 0.02% |
| GOI | Sovereign | GOI Sec | 0.01% |
| Tamilnadu State | Others | SDL | 0.01% |
| Uttar Pradesh State | Others | SDL | 0.01% |
| Telangana State | Financial | SDL | 0.01% |
| West Bengal State | Others | SDL | 0.00% |
| Nagaland State | Others | SDL | 0.00% |
| Uttarakhand State | Others | SDL | 0.00% |
| Chhattisgarh State | Others | SDL | 0.00% |
| Telangana State | Financial | SDL | 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% | +6.5% | +6.8% | +7.3% |
| Category average (Debt Money Market) | +7.2% | +5.9% | +6.5% | -- |
| Rank (Debt Money Market) | 4 | 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) | |
|---|---|---|---|---|
Nippon India Money Market Fund Direct IDCW Quarterly | +7.25% | +7.56% | 21,876.27 | |
Nippon India Money Market Fund Direct IDCW Monthly | +7.25% | +7.56% | 21,876.27 | |
UTI Money Market Fund Direct IDCW Weekly | -- | -- | 20,319.65 | |
UTI Money Market Fund Direct IDCW Monthly | -- | -- | 20,319.65 | |
UTI Money Market Fund Direct IDCW Yearly | -- | -- | 20,319.65 | |
| 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 IDCW Monthly
Nippon India Money Market Fund Direct IDCW Monthly 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 IDCW Monthly fund. The fund currently has an Asset Under Management(AUM) of ₹7,34,712 Cr and the Latest NAV as of 09 Mar 2026 is ₹1,023.27.
The Nippon India Money Market Fund Direct IDCW Monthly 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₹7,34,711.84 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,