Nippon India Money Market Fund Direct Growth+0.01%

4
7.93%
1 Year Return
Debt
Money Market
4.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Money Market Fund Direct Growth

RiskModerately Low
Min SIP Amount₹100
Expense Ratio0.15%
NAV₹3102.75 (27 May 2020)
Fund Started01 Jan 2013
Fund Size₹4,136 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Money Market Fund Direct Growth
7.9%
7.8%
7.7%
8.2%
Category Average
7.4%
7.1%
7.4%
-
Rank within category
7
6
6
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month₹5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    ₹0
    with 7.9% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Risk is lower compared to the benchmark
    3. Lower expense ratio
    4. 3Y Returns are higher than the benchmark
    5. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Jio Infocomm Ltd.CommunicationCP7.1%
    Union Bank of IndiaFinancialCD5.9%
    Canara BankFinancialCD4.8%
    JSW Steel Ltd.MetalsCP3.6%
    Grasim Industries Ltd.ConstructionCP3.6%
    Small Industries Devp. Bank of India Ltd.FinancialCP3.5%
    Indusind Bank Ltd.FinancialCD3.4%
    Bank Of BarodaFinancialCD2.4%
    LIC Housing Finance Ltd.FinancialCP2.4%
    Larsen & Toubro Ltd.ConstructionCP2.3%
    See All

    Fund Managers

    addAmit Tripathi
    Education
    Mr. Tripathi is a B.Com (H) and PGDM.
    Experience
    Prior to joining Reliance Mutual Fund he has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd and CFS Financial Services Pvt. Ltd.
    Funds Managed
    addAnju Chhajer
    Education
    Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
    Experience
    Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
    Funds Managed
    addVivek Sharma
    Education
    Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
    Experience
    He has been associated with Reliance AMC since 2006.
    Funds Managed

    Nippon India Money Market Fund Direct Growth Details

    Nippon India Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Reliance 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4,136 Cr and the Latest NAV as of 27 May 2020 is ₹3102.75.

    The Nippon India Money Market Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 500.

    Investment Objective

    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.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    Click here
    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Reliance Mutual Fund

    Address
    Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
    Phone
    022-33031000/30301111
    Launch Date
    30 Jun 1995
    E-mail
    customer_care@nipponindiamf.com
    Website
    NA
    Reliance Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Email
    mfshyderabad@karvy.com
    Website
    www.karvymfs.com
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