Formerly Nippon India Money Market Wk DR
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.
The performance of the fund on a Fund Size metric has been Satisfactory
The performance of the fund on a Rolling Returns metric has been Good
NAV (Sep 22)
6 Month CAGR
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
Launched (18y ago)
Jun 16, 2005
AUM in Crores
CRISIL Money Market TR INR
Standard Deviation (3yr)
Standard Deviation (5yr)
Sharpe Ratio (3yr)
Sharpe Ratio (5yr)
with step up of
|Nippon India Money Market Fund (RIDCW-W)||8,36,128||1,03,516||5.5%|
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.
182 Days Treasury Bill 29-02-20244.7%
182 Days Treasury Bill 22-02-20243.8%
punjab national bank3.8%
axis bank limited2.7%
Nippon Life India Asset Management Ltd
|Fund Name||Scripbox Opinion||Till Date CAGR|
Nippon India Money Market Fund (RIDCW-W) is a Money Market Debt fund and has delivered an annualised return of 5.6% over a period of 18 years. The fund was previously known as Nippon India Money Market Wk 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-W) as of 9/22/2023 is ₹1004.32 with the total AUM as of 9/23/2023 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-W) 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-W) 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-W) 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-W) is rated as a 3 fund in Debt and delivered 7.2% 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-W).
What is Nippon India Money Market Fund (RIDCW-W)?
How to invest in Nippon India Money Market Fund (RIDCW-W)?
You can invest in Nippon India Money Market Fund (RIDCW-W) 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-W)?
The minimum sip amount for Nippon India Money Market Fund (RIDCW-W) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Money Market Fund (RIDCW-W) good to invest in?
As per Scripbox experts, Nippon India Money Market Fund (RIDCW-W) is a Neutral fund. You can investNippon India Money Market Fund (RIDCW-W) 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-W)?
The expense ratio of the Nippon India Money Market Fund (RIDCW-W) is 0.35% for regular plan.