Nippon India Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,517.20+0.07%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹4,250.32 — ₹4,513.96
- AUM
- ₹19,357 Cr
Nippon India Money Market Fund is a Money Market debt fund from Nippon India Mutual Fund with ₹19,357 Cr under management, launched in 2005. Over three years it has returned 6.8% a year, against 7.0% for its category. The expense ratio is 0.39% and the SEBI riskometer reading is Moderate.
Performance
Nippon India Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.2% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.2 pts | 6.2% | 6.3% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.5% |
| 3Y | 6.8% | −0.1 pts | 7.0% | 6.8% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| 10Y | 6.6% | +0.2 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.3% | 0.0 pts | 3.3% | 3.3% |
| 1Y | 6.2% | +0.1 pts | 6.2% | 6.2% |
| 2Y | 6.9% | +0.2 pts | 6.7% | 6.8% |
| 3Y | 7.2% | +0.2 pts | 7.0% | 7.0% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.4% |
| 7Y | 6.2% | +0.2 pts | 6.0% | 5.9% |
| 10Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
Since launch (15 Jun 2005): 7.3%
Calendar-year returns
Category average6.0%
3.8%
5.0%
7.4%
7.7%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.1 pts | 7.5% |
| 2024 | 7.7% | 0.0 pts | 7.6% |
| 2023 | 7.4% | 0.0 pts | 7.3% |
| 2022 | 5.0% | +0.3 pts | 4.7% |
| 2021 | 3.8% | 0.0 pts | 3.8% |
| 2020 | 6.0% | −0.1 pts | 6.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.39%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.33%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.06%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.30 | 2.20 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.29 | 3.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.59 | 0.56 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Money Market Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt100.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indusind Bank Ltd. | Financial | 2.71% | ₹538 Cr | +3.28% | +3.63% | +1.69% |
| UCO Bank | Financial | 2.45% | ₹487 Cr | +2.18% | +2.41% | — |
| Embassy Office Parks REIT | Construction | 1.34% | ₹266 Cr | +1.19% | — | +0.94% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.33% | ₹264 Cr | +4.36% | +4.84% | +1.68% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 1.23% | ₹244 Cr | +1.09% | +1.20% | +0.42% |
| IDFC First Bank Ltd. | Financial | 1.23% | ₹245 Cr | +1.09% | +1.21% | +0.32% |
| IGH Holdings Pvt. Ltd. | Communication | 1.22% | ₹242 Cr | +1.08% | +1.20% | — |
| Punjab & Sind Bank | Financial | 1.22% | ₹242 Cr | +1.08% | +1.20% | — |
| ICICI Bank Ltd. | Financial | 1.17% | ₹233 Cr | +1.10% | +1.22% | — |
| Angel One Ltd. | Financial | 0.98% | ₹195 Cr | +0.87% | +0.96% | — |
| Bajaj Housing Finance Ltd. | Financial | 0.98% | ₹195 Cr | +0.87% | +0.97% | — |
| ICICI Securities Ltd. | Financial | 0.98% | ₹194 Cr | +0.87% | +0.96% | +0.31% |
| Indian Overseas Bank | Financial | 0.98% | ₹195 Cr | +0.87% | +0.96% | — |
| Kisetsu Saison Finance (India) Pvt Ltd. | Financial | 0.98% | ₹194 Cr | +0.87% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.98% | ₹195 Cr | +1.09% | +1.21% | +0.13% |
| Manappuram Finance Ltd. | Financial | 0.98% | ₹194 Cr | +0.44% | +0.49% | +0.82% |
| Mindspace Business Parks REIT | Construction | 0.98% | ₹195 Cr | +0.87% | +1.45% | +1.18% |
| Tata Capital Housing Finance Ltd. | Financial | 0.98% | ₹195 Cr | +0.87% | +0.97% | +0.84% |
| Credila Financial Services Ltd. | Financial | 0.97% | ₹193 Cr | +0.86% | +0.96% | +1.06% |
| Karnataka State | Others | 0.81% | ₹161 Cr | +0.69% | +0.05% | +0.19% |
| Jharkhand State | Others | 0.76% | ₹150 Cr | — | — | +0.34% |
| ICICI Home Finance Company Ltd. | Financial | 0.74% | ₹148 Cr | — | — | — |
| Indian Bank | Financial | 0.74% | ₹147 Cr | +0.88% | +0.98% | +0.42% |
| Union Bank of India | Financial | 0.74% | ₹146 Cr | +0.86% | +1.70% | +0.42% |
| Bharti Telecom Ltd. | Communication | 0.73% | ₹146 Cr | +1.08% | +1.20% | +0.63% |
| GOI | Sovereign | 0.63% | ₹126 Cr | +0.70% | +0.04% | +0.02% |
| Nuvama Wealth Finance Ltd. | Financial | 0.61% | ₹121 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.49% | ₹96.95 Cr | +0.43% | +0.48% | +0.42% |
| AU Small Finance Bank Ltd. | Financial | 0.49% | ₹97.77 Cr | +0.87% | +0.96% | +0.62% |
| Bajaj Auto Ltd. | Automobile | 0.49% | ₹97.18 Cr | — | — | — |
| DSP Finance Pvt Ltd. | Financial | 0.49% | ₹96.61 Cr | +0.43% | +0.48% | — |
| Fedbank Financial Services Ltd. | Financial | 0.49% | ₹96.76 Cr | +0.43% | +0.48% | +0.21% |
| HDFC Bank Ltd. | Financial | 0.49% | ₹97.36 Cr | +0.76% | +1.21% | +1.15% |
| IDFC Infra Debt Fund Ltd. | Financial | 0.49% | ₹97.94 Cr | — | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.49% | ₹97.51 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 0.49% | ₹97.39 Cr | +0.43% | +0.96% | — |
| Nuvama Clearing Services Ltd. | Financial | 0.49% | ₹96.31 Cr | — | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.49% | ₹97.14 Cr | +0.43% | +0.48% | — |
| Nuvama Wealth Management Ltd. | Financial | 0.48% | ₹96.29 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 0.48% | ₹95.09 Cr | — | — | +0.84% |
| Axis Bank Ltd. | Financial | 0.46% | ₹92.09 Cr | +0.44% | +0.49% | +0.82% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.37% | ₹73.13 Cr | +1.20% | +1.69% | +1.04% |
| Tamilnadu State | Others | 0.31% | ₹62.04 Cr | +0.26% | +0.05% | +0.54% |
| Kerala State | Others | 0.28% | ₹55.40 Cr | +0.25% | +0.13% | +0.43% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.24% | ₹48.56 Cr | +0.22% | — | — |
| Canara Bank | Financial | 0.24% | ₹48.41 Cr | +0.22% | +1.08% | +0.21% |
| National Bank For Agriculture & Rural Development | Financial | 0.24% | ₹48.63 Cr | +0.44% | +0.97% | +1.27% |
| Reserve Bank of India | Financial | 0.17% | ₹34.23 Cr | +0.67% | +1.02% | +1.05% |
| Bank Of Baroda | Financial | 0.12% | ₹24.47 Cr | +0.44% | +1.47% | +0.21% |
| Punjab National Bank | Financial | 0.12% | ₹24.33 Cr | +3.37% | +3.74% | +0.42% |
| Gujarat State | Construction | 0.08% | ₹15.10 Cr | +0.02% | +0.60% | — |
| Andhra Pradesh State | Financial | 0.05% | ₹10.08 Cr | +0.05% | — | +0.11% |
| Madhya Pradesh State | Others | 0.05% | ₹10.06 Cr | +0.02% | — | +0.07% |
| Maharashtra State | Others | 0.05% | ₹10.02 Cr | +0.05% | +0.01% | +0.15% |
| Telangana State | Financial | 0.05% | ₹10.06 Cr | — | +0.01% | +0.05% |
| West Bengal State | Others | 0.05% | ₹10.03 Cr | — | — | 0.00% |
| Bihar State | Others | 0.03% | ₹5.01 Cr | — | — | +0.09% |
| Rajasthan State | Others | 0.03% | ₹5.02 Cr | +0.02% | — | +0.07% |
| Uttar Pradesh State | Others | 0.03% | ₹5.01 Cr | — | — | +0.11% |
| Others | Others | -4.38% | ₹-868.42 Cr | +0.81% | +0.90% | +0.75% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5989 | 0.82% | 0.00% | -0.82% |
| Motilal Oswal Financial Services Ltd. | 1.13% | 0.37% | -0.76% |
| company:14805 | 0.63% | 0.00% | -0.63% |
| company:5721 | 0.62% | 0.00% | -0.62% |
| Nuvama Wealth Finance Ltd. | 0.00% | 0.61% | +0.61% |
| IDFC Infra Debt Fund Ltd. | 0.00% | 0.49% | +0.49% |
| Indusind Bank Ltd. | 2.26% | 2.71% | +0.45% |
| UCO Bank | 2.05% | 2.45% | +0.40% |
| company:12429 | 0.40% | 0.00% | -0.40% |
| Canara Bank | 0.62% | 0.24% | -0.38% |
| HDFC Bank Ltd. | 0.72% | 0.49% | -0.23% |
| Embassy Office Parks REIT | 1.12% | 1.34% | +0.22% |
| company:4739 | 0.20% | 0.00% | -0.20% |
| Bahadur Chand Investments Pvt. Ltd. | 1.03% | 1.23% | +0.20% |
| IDFC First Bank Ltd. | 1.03% | 1.23% | +0.20% |
| IGH Holdings Pvt. Ltd. | 1.02% | 1.22% | +0.20% |
| Punjab & Sind Bank | 1.02% | 1.22% | +0.20% |
| National Bank For Agriculture & Rural Development | 0.41% | 0.24% | -0.17% |
| Angel One Ltd. | 0.82% | 0.98% | +0.16% |
| Bajaj Housing Finance Ltd. | 0.82% | 0.98% | +0.16% |
| ICICI Securities Ltd. | 0.82% | 0.98% | +0.16% |
| Indian Overseas Bank | 0.82% | 0.98% | +0.16% |
| Kisetsu Saison Finance (India) Pvt Ltd. | 0.82% | 0.98% | +0.16% |
| Mindspace Business Parks REIT | 0.82% | 0.98% | +0.16% |
| Tata Capital Housing Finance Ltd. | 0.82% | 0.98% | +0.16% |
| Credila Financial Services Ltd. | 0.81% | 0.97% | +0.16% |
| ICICI Bank Ltd. | 1.03% | 1.17% | +0.14% |
| Karnataka State | 0.68% | 0.81% | +0.13% |
| Bharti Telecom Ltd. | 0.61% | 0.73% | +0.12% |
| ICICI Home Finance Company Ltd. | 0.62% | 0.74% | +0.12% |
| Indian Bank | 0.62% | 0.74% | +0.12% |
| Jharkhand State | 0.64% | 0.76% | +0.12% |
| Small Industries Devp. Bank of India Ltd. | 0.60% | 0.72% | +0.12% |
| 360 ONE Wealth Ltd. | 0.41% | 0.49% | +0.08% |
| AU Small Finance Bank Ltd. | 0.41% | 0.49% | +0.08% |
| Bajaj Auto Ltd. | 0.41% | 0.49% | +0.08% |
| DSP Finance Pvt Ltd. | 0.41% | 0.49% | +0.08% |
| Fedbank Financial Services Ltd. | 0.41% | 0.49% | +0.08% |
| JM Financial Services Pvt. Ltd. | 0.41% | 0.49% | +0.08% |
| Muthoot Fincorp Ltd. | 0.41% | 0.49% | +0.08% |
| Nuvama Clearing Services Ltd. | 0.41% | 0.49% | +0.08% |
| Nuvama Wealth and Investment Limited | 0.41% | 0.49% | +0.08% |
| Union Bank of India | 0.41% | 0.49% | +0.08% |
| Piramal Finance Ltd. | 0.40% | 0.48% | +0.08% |
| Nuvama Wealth Management Ltd. | 0.41% | 0.48% | +0.07% |
| Manappuram Finance Ltd. | 1.04% | 0.98% | -0.06% |
| GOI | 0.32% | 0.38% | +0.06% |
| Axis Bank Ltd. | 0.41% | 0.46% | +0.05% |
| Kotak Mahindra Bank Ltd. | 1.03% | 0.98% | -0.05% |
| Others | 0.27% | 0.32% | +0.05% |
| Tamilnadu State | 0.26% | 0.31% | +0.05% |
| Kerala State | 0.24% | 0.28% | +0.04% |
| Aditya Birla Housing Finance Ltd. | 0.20% | 0.24% | +0.04% |
| Reserve Bank of India | 0.14% | 0.17% | +0.03% |
| Gujarat State | 0.06% | 0.08% | +0.02% |
| Bank Of Baroda | 0.10% | 0.12% | +0.02% |
| Punjab National Bank | 0.10% | 0.12% | +0.02% |
| Andhra Pradesh State | 0.04% | 0.05% | +0.01% |
| Madhya Pradesh State | 0.04% | 0.05% | +0.01% |
| Maharashtra State | 0.04% | 0.05% | +0.01% |
| Telangana State | 0.04% | 0.05% | +0.01% |
| West Bengal State | 0.04% | 0.05% | +0.01% |
| Bihar State | 0.02% | 0.03% | +0.01% |
| Rajasthan State | 0.02% | 0.03% | +0.01% |
| Uttar Pradesh State | 0.02% | 0.03% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,857 Cr | 0.34% | 6.5% | 6.8% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹25,875 Cr | 0.37% | 6.5% | 6.9% | 7.0% |
 Axis Money Market Fund | ₹19,507 Cr | 0.36% | 6.5% | 6.9% | 7.0% |
 UTI Money Market Fund | ₹16,039 Cr | 0.29% | 6.5% | 6.9% | 7.0% |
 LIC MF Money Market Fund | ₹3,979 Cr | 0.38% | 6.4% | 6.4% | — |
 Franklin India Money Market Fund | ₹3,887 Cr | 0.30% | 6.5% | 6.9% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Vikash AgarwalMr. Agarwal is a B.Com., CA, CFAPrior to joining Nippon AMC, he has worked with HDFC AMC, Larsen & Toubro Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.29% absolute | ₹60,000 | ₹61,974 | 3.29% | |
| 1 year6.22% annualised | ₹1,20,000 | ₹1,24,121 | 3.43% | |
| 3 years7.18% annualised | ₹3,60,000 | ₹4,02,778 | 11.88% | |
| 5 years6.69% annualised | ₹6,00,000 | ₹7,14,173 | 19.03% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Nippon India Money Market Fund?
The NAV of Nippon India Money Market Fund is ₹4,517.20 as on 9 Nov 2026.
What is the expense ratio of Nippon India Money Market Fund?
The expense ratio of Nippon India Money Market Fund is 0.39% per year.
What is the minimum SIP amount for Nippon India Money Market Fund?
You can start a SIP in Nippon India Money Market Fund with ₹3,000 a month.
What returns has Nippon India Money Market Fund given?
Nippon India Money Market Fund has returned 6.4% over 1 year, 6.8% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Money Market Fund?
Lock-in: None. Exit load: 0%.
How risky is Nippon India Money Market Fund?
Nippon India Money Market Fund is rated Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages Nippon India Money Market Fund?
Nippon India Money Market Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹8,03,520 Cr under management.