Nippon India Money Market Fund-Growth

Q: What are the returns of Nippon India Money Market Fund?

The Nippon India Money Market Fund is a 20 yrs 2 m old fund and has delivered average annual returns of 7.35% since inception. Nippon India Money Market Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.87% 7.5% 6.12% 6.79% 7.35%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹4205.3584+0.01% 1 day change	7.35% p.a.	App exclusive #NA View Ranked Funds	₹19,655 Cr

Historical NAV & returns

NAV: ₹4205.3584 as on Sep 03, 2025

This fund Category average

Nippon India Money Market Fund overview

Expense ratio	0.38% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹19,655 Cr
Lock-in Period	Nil
Age	20 yrs 2 m since Jun 15, 2005
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹100 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Nippon India Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	0.41%	0.4%
3 Months	1.58%	1.52%
6 Months	4.14%	3.98%
1 Year	7.87%	7.59%
2 Years	7.73%	7.41%
3 Years	7.5%	7.17%
4 Years	6.65%	6.3%
5 Years	6.12%	5.8%
7 Years	6.59%	6.31%
10 Years	6.79%	6.55%

Asset allocationas on May 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 86.43%

SOV 13.15967483%

Others 0.23286193%

Cash & Call Money 0.2%

Top Debt Holdings

National Bank For Agriculture & Rural Development 7.43%

HDFC Bank Ltd. 6.79%

Canara Bank 6.08%

Reserve Bank of India 5.82%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 0.23%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Money Market Fund	N.A.	19,655 Cr	20 yrs 2 m	0.38%
UTI Money Market Fund	N.A.	18,385 Cr	16 yrs 2 m	0.22%
PGIM India Money Market Fund	N.A.	183 Cr	5 yrs 6 m	0.46%
Axis Money Market Fund	N.A.	17,355 Cr	6 yrs 1 m	0.34%
Sundaram Money Market Fund	N.A.	1,356 Cr	6 yrs 11 m	0.29%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Money Market Fund	0.41%	4.14%	7.87%	7.5%	6.12%	6.79%
UTI Money Market Fund	0.42%	4.13%	7.9%	7.53%	6.11%	6.79%
PGIM India Money Market Fund	0.38%	3.97%	7.51%	7.13%	5.54%	2.99%
Axis Money Market Fund	0.41%	4.12%	7.86%	7.48%	6.07%	3.77%
Sundaram Money Market Fund	0.41%	4.08%	7.77%	7.27%	5.8%	4.26%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Money Market Fund	0.36	0.87	2.66	4.53
UTI Money Market Fund	0.34	0.85	2.82	4.87
PGIM India Money Market Fund	0.36	0.9	1.62	2.86
Axis Money Market Fund	0.37	0.92	2.54	4.29
Sundaram Money Market Fund	0.34	0.88	2.09	3.81

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.57 vs. 3.28 Underperformed at beating benchmark
Sharpe	2.66 vs. 3.53 Poor risk-adjusted returns
Beta	0.87 vs. 1.78 Less sensitive to market ups & downs
Standard deviation	0.36 vs. 0.32 More volatile performance

Compare Nippon India Money Market Fund in detail with

About this fund

About Nippon India Money Market Fund

Nippon India Money Market Fund-Growth is a Money Market mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 20 yrs 2 m, having been launched on 15/06/2005. Nippon India Money Market Fund-Growth has ₹19,655 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Money Market Fund-Growth as of 03/09/2025 is ₹4205.36. The fund has an expense ratio of 0.38%, which is higher than what most other Money Market funds charge.

Nippon India Money Market Fund-Growth returns of last 1-year are 7.89%. Since launch, it has delivered 7.36% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Nippon India Money Market Fund-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in National Bank For Agriculture & Rural Development, HDFC Bank Ltd., Canara Bank, Reserve Bank of India, Indusind Bank Ltd..

...

Fund AUM	19,655 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Vikash Agarwal

Mr. Agarwal is a B.Com., CA, CFA Prior to joining Nippon AMC, he has worked with HDFC AMC, Larsen & Toubro Ltd.

Investment objective

The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	6,17,875 Cr as on Jun 30, 2025
Address	4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, 400013

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Nippon India Credit Risk Fund	N.A.	1,017 Cr	9.26%	8.15%
Nippon India Strategic Debt Fund	N.A.	103 Cr	10.1%	8.09%
Nippon India Corporate Bond Fund	N.A.	6,566 Cr	8.38%	7.75%
Nippon India Floater Fund	N.A.	7,811 Cr	8.39%	7.64%
Nippon India Short Duration Fund	N.A.	7,469 Cr	8.26%	7.33%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Money Market Fund?

The current Net Asset Value (NAV) of the Nippon India Money Market Fund - Direct Growth plan is approximately ₹4205.3584 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The Nippon India Money Market Fund is a 20 yrs 2 m old fund and has delivered average annual returns of 7.35% since inception.

Nippon India Money Market Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.87%	7.5%	6.12%	6.79%	7.35%

How much does this mutual fund charge as expense ratio?

The Nippon India Money Market Fund - Direct Growth has an expense ratio of 0.38%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Nippon India Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 19,655 Cr as on May 31, 2025.

To whom does Nippon India Money Market Fund lend to?

The top 3 debt holdings of Nippon India Money Market Fund are as follows

Holding Name	Percentage of Portfolio
National Bank For Agriculture & Rural Development	7.43%
HDFC Bank Ltd.	6.79%
Canara Bank	6.08%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Nippon India Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	86.43%
SOV	13.15967483%
Others	0.23286193%

What is risk level of Nippon India Money Market Fund?

This is a Money Market fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Nippon India Money Market Fund?

Nippon India Money Market Fund-Growth is the regular plan of the fund. For this plan of you pay 0.38% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.22%. That's 0.16% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.16% if you opt for direct plan of Nippon India Money Market Fund

How can I redeem my investments in Nippon India Money Market Fund?

Redeeming your investments in Nippon India Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Nippon India Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Money Market

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Chance: This fund has generated a 7.05% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.