- Mutual Funds
- Nippon Mutual Fund
- Nippon India Money Market Fund (RIDCW-D)
Formerly Nippon India Money Market Dl DR
Nippon India Money Market Fund (RIDCW-D)
₹ 1003.9029
NAV (Oct 03)
Money market funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1003.9029
NAV (Oct 3)
Fund Returns
Last 1Y | 7.3% |
Last 3Y | 5% |
Last 5Y | 5.4% |
Last 10Y | 5.6% |
Since Inception | 5.5% |
6 Month CAGR | 3.8% |
Scheme Information
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
Expense Ratio | 0.35 |
Launched (18y ago) | Jun 16, 2005 |
AUM in Crores | 11393.777 |
ISIN | INF204K01UY6 |
Lock-in | No Lock-in |
Benchmark | CRISIL Money Market TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.6 |
Standard Deviation (5yr) | 0.6 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.533 |
Sharpe Ratio (5yr) | 0.519 |
YTM | 7.35 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Money Market Fund (RIDCW-D) | 8,34,080 | 1,01,468 | 5.4% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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.
Asset allocation and Holdings
Top Debt Holdings
182 Days Treasury Bill 29-02-2024
4.7%182 Days Treasury Bill 22-02-2024
3.8%punjab national bank
3.8%canara bank
3.6%axis bank limited
2.7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
Nippon Life India Asset Management Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.8% | 6.8% | ||
4.8% | 5.6% | ||
4.8% | 6.6% | ||
4.8% | 6.6% | ||
4.8% | 5.6% |
Nippon India Money Market Fund (RIDCW-D) Review
Nippon India Money Market Fund (RIDCW-D) is a Money Market Debt fund and has delivered an annualised return of 5.5% over a period of 18 years. The fund was previously known as Nippon India Money Market Dl DR. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Akshay Sharma, Anju Chhajer, Kinjal Desai.
Nav of Nippon India Money Market Fund (RIDCW-D) as of 10/3/2023 is ₹1003.90 with the total AUM as of 10/4/2023 is ₹11393.777. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Money Market Fund (RIDCW-D) was launched on Jun 16, 2005. The category risk of the fund is Moderate Risk.
The minimum SIP amount for Nippon India Money Market Fund (RIDCW-D) is ₹1000 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. Check your estimated returns on mutual funds by using sip calculator.
Nippon India Money Market Fund (RIDCW-D) 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 (RIDCW-D) is rated as a 3 fund in Debt and delivered 7.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Nippon India Money Market Fund (RIDCW-D).
Frequently Asked Questions
What is Nippon India Money Market Fund (RIDCW-D)?
How to invest in Nippon India Money Market Fund (RIDCW-D)?
You can invest in Nippon India Money Market Fund (RIDCW-D) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Nippon India Money Market Fund (RIDCW-D)?
The minimum sip amount for Nippon India Money Market Fund (RIDCW-D) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Money Market Fund (RIDCW-D) good to invest in?
As per Scripbox experts, Nippon India Money Market Fund (RIDCW-D) is a Neutral fund. You can investNippon India Money Market Fund (RIDCW-D) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Nippon India Money Market Fund (RIDCW-D)?
The expense ratio of the Nippon India Money Market Fund (RIDCW-D) is 0.35% for regular plan.