|Min SIP Amount||₹100|
|NAV||₹3135.76 (05 Aug 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹4,265 Cr|
|Union Bank of India||Financial||CD||5.8%|
|Export-Import Bank Of India||Financial||CP||4.6%|
|L&T Infrastructure Finance Co. Ltd.||Financial||CP||4.6%|
|Reserve Bank of India||Financial||T-Bills||3.9%|
|Reliance Industries Ltd.||Energy||CP||3.5%|
|Small Industries Devp. Bank of India Ltd.||Financial||CP||3.5%|
|LIC Housing Finance Ltd.||Financial||CP||3.4%|
|Indusind Bank Ltd.||Financial||CD||3.4%|
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 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 ₹4,265 Cr and the Latest NAV as of 05 Aug 2020 is ₹3135.76.
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.
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.