Nippon India Money Market Fund Direct Dividend weekly is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Nippon India Money Market Fund Direct Dividend weekly.The fund currently has an Asset Under Management(AUM) of ₹3,549 Cr and the Latest NAV as of 06 Dec 2019 is ₹1003.65.
The Nippon India Money Market Fund Direct Dividend weekly is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Nil.
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment