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  • Nippon Mutual Fund
  • Nippon India Money Market Fund (PIDCW-M)

Formerly Nippon India Money Market Mn DP

Nippon Mutual Fund

Nippon India Money Market Fund (PIDCW-M)

DebtMoney Market

1020.319

NAV (Jun 14)

5.4%
3 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in money market mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Satisfactory

The performance of the fund on a Fund Size metric has been Satisfactory

Rolling Returns

Good

The performance of the fund on a Rolling Returns metric has been Good

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1020.319

NAV (Jun 14)

Fund Returns

Last 1Y
7.5%
Last 3Y
6%
Last 5Y
6%
Last 10Y
6.9%
Since Inception
7.3%
6 Month CAGR
3.9%

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

Expense Ratio
0.36
Launched (19y ago)
Jun 16, 2005
AUM in Crores
16562.007
ISIN
INF204K01VB2
Lock-in
No Lock-in
Benchmark
CRISIL Money Market TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0.7
Standard Deviation (5yr)
0.7
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-0.468
Sharpe Ratio (5yr)
0.119
YTM
7.6
Fund Managers

Kinjal Desai

Fund Manager

Anju Chhajer

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Nippon India Money Market Fund (PIDCW-M)70%8,32,037 99,4255.3%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 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.

Asset allocation and Holdings

Last updated on 2024-06-14

Top Debt Holdings

national bank for agriculture and rural development

2.9%
2.9%

bank of baroda

2.9%
2.9%

india (republic of)

2.8%
2.8%

hdfc bank limited

2.4%
2.4%

union bank of india

2.3%
2.3%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 5,001 cr

₹ 10,797 cr

₹ 46,422 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 380,402 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 105 equity,425 debt and 71 hybrid funds.amc-img
phone-img022-33031000
Fund NameScripbox Opinion
Till Date CAGR

5.7%

6.9%

5.7%

6.7%

5.7%

5.8%

5.7%

6.7%

5.7%

5.8%

Nippon India Money Market Fund (PIDCW-M) Review

Nippon India Money Market Fund (PIDCW-M) is a Money Market Debt fund and has delivered an annualised return of 4.1% over a period of 19 years. The fund was previously known as Nippon India Money Market Mn DP. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Anju Chhajer, Kinjal Desai.

Nav of Nippon India Money Market Fund (PIDCW-M) as of 6/14/2024 is ₹1020.32 with the total AUM as of 6/16/2024 is ₹16562.007. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Money Market Fund (PIDCW-M) was launched on Jun 16, 2005. The category risk of the fund is Low to Moderate Risk.

The minimum SIP amount for Nippon India Money Market Fund (PIDCW-M) 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 (PIDCW-M) 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 (PIDCW-M) is rated as a 3 fund in Debt and delivered 6.1% 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 (PIDCW-M).

Frequently Asked Questions

What is Nippon India Money Market Fund (PIDCW-M)?

Nippon India Money Market Fund (PIDCW-M) is a Money Market Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Nippon India Money Market Fund (PIDCW-M)?

You can invest in Nippon India Money Market Fund (PIDCW-M) 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 (PIDCW-M)?

The minimum sip amount for Nippon India Money Market Fund (PIDCW-M) is ₹1000. You can invest in multiples of ₹5000.

Is Nippon India Money Market Fund (PIDCW-M) good to invest in?

As per Scripbox experts, Nippon India Money Market Fund (PIDCW-M) is a Neutral fund. You can investNippon India Money Market Fund (PIDCW-M) 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 (PIDCW-M)?

The expense ratio of the Nippon India Money Market Fund (PIDCW-M) is 0.36% for regular plan.