October 1, 2022
mayank
Nippon India Money Market Fund
NAV Growth: Rs 3,425.1541
NAV IDCW Weekly: Rs 1,004.0760
NAV IDCW Quarterly: Rs 1,010.1438
NAV IDCW Monthly: Rs 1,012.7276
NAV IDCW Daily: Rs 1,003.6041
NAV Bonus: Rs 2,014.0670
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.
Fund Manager:
1) Anju Chhajer
Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience: Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.25% |
| Benchmark | CRISIL Money Market Fund BI Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 10,728 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.16% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | High |
Nippon India Money Market Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Money Mkt Dir | 3.37 | 0.05 | 0.38 | 1.34 | 2.23 | 4.34 | 5.02 | 6.23 | 6.55 | — |
| CCIL T Bill Liquidity Weight | 1.6 | 0.06 | 0.24 | 0.73 | 1.03 | 2.13 | 2.56 | 3.23 | 3.58 | — |
| Debt: Money Market | 3.06 | 0.05 | 0.35 | 1.26 | 2.01 | 3.99 | 4.85 | 5.98 | 6.48 | — |
| Rank within category | 1 | 10 | 3 | 1 | 1 | 1 | 6 | 3 | 6 | — |
| Number of funds in category | 20 | 22 | 22 | 20 | 20 | 20 | 16 | 12 | 12 | 0 |
Nippon India Money Market Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| Nippon Ind Money Mkt Dir | 5 star | 4.34 | 5.02 | 6.23 | 0.16 | 10,728 | 7.25 | — | 9yrs 9mo |
| ABSL Money Manager Dir | 4 star | 4.19 | 5.19 | 6.36 | 0.21 | 14,500 | 7.37 | — | 9yrs 9mo |
| HDFC Money Mkt Dir | 4 star | 4.17 | 5.16 | 6.27 | 0.21 | 13,662 | 7.26 | — | 9yrs 9mo |
| Tata Money Mkt Dir | 5 star | 4.28 | 5.20 | 4.74 | 0.17 | 8,310 | 6.46 | — | 9yrs 9mo |
| UTI Money Mkt Dir | 4 star | 4.23 | 4.97 | 6.18 | 0.19 | 8,164 | 7.24 | — | 9yrs 9mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 85 | 46 |
| Modified Duration (yrs) | 0.35 | 0.38 |
| Average Maturity (yrs) | 0.37 | 0.39 |
| Yield to Maturity (%) | 6.23 | 6.13 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Money Market Fund
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