| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.15% |
| NAV | ₹1007.45 (07 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹4,218 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | CGL | 7.6% |
| Reliance Jio Infocomm Ltd. | Communication | CP | 7.0% |
| Union Bank of India | Financial | CD | 5.9% |
| Reserve Bank of India | Financial | T-Bills | 4.7% |
| Larsen & Toubro Ltd. | Construction | CP | 4.7% |
| GOI | Sovereign | CGL | 3.9% |
| Reliance Industries Ltd. | Energy | CP | 3.6% |
| JSW Steel Ltd. | Metals | CP | 3.5% |
| JSW Steel Ltd. | Metals | CP | 3.5% |
| Deutsche Investments (I) Pvt. Ltd. | Financial | CP | 3.5% |
Nippon India Money Market Fund Direct Dividend daily is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Money Market Fund Direct Dividend daily fund.The fund currently has an Asset Under Management(AUM) of ₹4,218 Cr and the Latest NAV as of 07 Jul 2020 is ₹1007.45.
The Nippon India Money Market Fund Direct Dividend daily is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 500.
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.