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    • Nippon India Money Market Fund Bonus (PIDCW-A)

    Formerly Reliance Money Market Bns

    Nippon Mutual Fund

    Nippon India Money Market Fund Bonus (PIDCW-A)

    DebtMoney Market

    Top Ranked

    1713.3216

    NAV (Aug 14)

    7.6%
    3 Year CAGR
    Scripbox Opinion

    Top Ranked

    These are the top-ranked funds within money market mutual funds.However, Scripbox does not recommend investing in money market mutual funds.Money Market Funds invest in money market instruments with maturity upto 1 year.

    This category accounts for close to 5% of the total Debt fund assets.

    Funds in this category have a credit quality and return similar to Liquid Funds however they tend to have higher variations when interest rates change.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.

    Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    16 Years. The fund has an Extended history for analysis and the track record is excellent.

    Relative Size

    9,054 Cr. Large within the category

    Impact of Interest Rate Changes

    Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

    Credit Quality Of Fund's Portfolio

    Low Credit Risk. The fund has a high credit quality compared to other debt funds

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    Short Term Money

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment

    No single fund can achieve what a plan can. Learn why

    chart-amc-about

    Historical NAV

    1713.3216

    NAV (Aug 14)

    Fund Returns

    Last 1Y
    8.7%
    Last 3Y
    7.6%
    Last 5Y
    7.9%
    Last 10Y
    NA
    Since Inception
    3.9%
    6 Month CAGR
    4.3%
    info-icon-blue

    Scheme Information

    Investment Objective

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

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Low to Moderate Risk

    Expense Ratio
    0.28
    Launched (16y ago)
    Jun 16, 2005
    AUM in Crores
    9053.728
    ISIN
    INF204K01UX8
    Lock-in
    No Lock-in
    Benchmark
    CRISIL Money Market TR INR
    SIP Minimum
    0
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Anju Chhajer

    Fund Manager

    user-avatar

    Kinjal Desai

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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 before investing. Past performance is not an indicator of future returns.

    build-long-item-wealth-img

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
    • Expert Investing Only, Car, Down Payment
      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Debt Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    Kotak Savings Fund (G)

    recommended-badge

    ₹ 13,951 cr

    5

    recommended-badge

    ₹ 33,662 cr

    5

    recommended-badge

    ₹ 11,134 cr

    5

    recommended-badge

    ₹ 31,274 cr

    5

    recommended-badge

    ₹ 24,210 cr

    5

    amc-icon

    About the AMC

    Nippon Life India Asset Management Ltd

    Nippon Life India Asset Management Ltd manages assets worth 237,988 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 90 equity,369 debt and 34 hybrid funds.

    amc-img

  • tel-amc-about
    022-33031000
  • mail-amc-about
    customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    5.1%

    7%

    recommended-badge

    24.3%

    22.8%

    top-ranked-badge

    4.4%

    6.7%

    top-ranked-badge

    22.9%

    22.5%

    top-ranked-badge

    3.6%

    5.4%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    04

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About Nippon India Money Market Fund Bonus (PIDCW-A)

    About Nippon India Money Market Fund Bonus (PIDCW-A)

    Nippon India Money Market Fund Bonus (PIDCW-A) is a Money Market Debt fund and has delivered an annualised return of 3.9% over a period of 16 years. The fund was previously known as Reliance Money Market Bns . The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Anju Chhajer, Kinjal Desai

    Nippon India Money Market Fund Bonus (PIDCW-A) Investment Objective

    The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments. . However, there is no assurance that the objective of the scheme will be realized.

    Nippon India Money Market Fund Bonus (PIDCW-A) NAV,AUM,Risk

    The Nippon India Money Market Fund Bonus (PIDCW-A) fund was launched on Jun 16, 2005. The NAV (Net Asset Value) of this Money Market Debt fund as of 2019-08-14 is ₹1713.32. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹9053.728. The category risk of the Nippon India Money Market Fund Bonus (PIDCW-A) fund is Low to Moderate Risk. The fund charges 0.28 % as expense ratio.

    Nippon India Money Market Fund Bonus (PIDCW-A) Holdings

    The fund’s highest allocation is towards Others and has invested 80% in this asset class. The top three holdings of the fund are , 8.79% govt stock 2021 , 8.20% govt stock 2022 , 182 dtb 09122021 , 182 dtb 02122021 , 182 dtb 16122021 , export-import bank of india , triparty repo , idfc first bank limited , reliance industries limited , 182 dtb 25112021 , bharti hexacom limited , l&t finance limited , reliance industries limited , barclays investments & loans (india) limited , cholamandalam investment and fin. co. ltd , reliance industries limited , axis bank limited , icici securities limited , 182 dtb 12112021 , network18 media & investments limited , tata capital limited , 182 dtb 18112021 , 8.21% hr sdl spl 2022 , can fin homes limited , l&t finance limited , shriram transport finance company limited , national bank for agriculture and rural development , hdfc bank limited , icici securities limited , cholamandalam investment and fin. co. ltd , infina finance private limited , barclays investments & loans (india) private limited , 5.09% govt stock 2022 , barclays investments & loans (india) limited , icici securities limited , deutsche investments india private limited , bahadur chand investments private limited , barclays investments & loans (india) private limited , corporate bond repo (counterparty reliance industries limited ) , lic housing finance limited , netmagic it services private limited , jm financial products limited , bajaj housing finance limited , national bank for agriculture and rural development , axis bank limited , axis finance limited , 8.39% rj sdl spl 2022 , net current assets , 8.15% govt stock 2022 , 07.90 as sdl 2021 , 8.78% gujarat sdl 2021

    Nippon India Money Market Fund Bonus (PIDCW-A) Sip

    The minimum SIP (Systematic Investment Plan) amount for this is ₹null and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    Nippon India Money Market Fund Bonus (PIDCW-A) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Money Market TR INR.

    Nippon India Money Market Fund Bonus (PIDCW-A) Review

    Nippon India Money Market Fund Bonus (PIDCW-A) has a score of 4 on a scale of 5. The fund has a score of 5 out of 5 based on historical performance. As compared to the other funds in its category, Nippon India Money Market Fund Bonus (PIDCW-A) has a score of 4out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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