Rating : ★ ★ ★ ★ ★
Nippon India Money Market Fund Direct Plan Growth Option
 ÂMoney Market Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
0%
Asset Size
11393.78 Cr.
(As of 15 Sep, 2023)
Benchmark
CRISIL Money Market TR INR
Riskometer
Investors understand that their principal will be at Moderate Risk.
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
 
Fund manager
Amit Tripathi
Exit load
N / A
Minimum sip
₹0
Minimum investment
₹500
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
Small Industries Development Bank of India
5.68%
182 Dtb 15122022
3.44%
182 Dtb 10112022
2.47%
364 Dtb 22062023
2.38%
Sector Allocation
About the Scheme Type
Money Market Mutual Funds invest in high quality and ultra safeliquid instruments like commercial papers, treasury bills (T-Bills), Repurchase Agreements (Repos) and Certificate of Deposits. With an average maturity of one year, Money Market Mutual Funds are used to manage short-run cash needs and deals only in either cash or cash equivalents. Its main aim is to keep the fluctuations in the fund’s NAV to a minimum
Ratings
This fund is rated 5 stars by Morning Star Ratings.
★ ★ ★ ★ ★
Overview of Nippon India Mutual Fund
With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.
Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.
Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​
Main objectives of Reliance Nippon Life Asset Management Ltd are
- To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
- To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
- To take such steps as may be necessary from time to time to realise the effects without any limitation