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​​​​​​​​​​​​​​​ ​​​​​Home Funds and Performance Nippon India ​Money Market Fund.​ ​​​​​​

Nippon India Money Market Fund

An open ended debt scheme investing in money market instruments

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This product is suitable for investors who are seeking*:

  • Income over the short term.
  • Investment in money market instruments having residual maturity up to 1 year

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • 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.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (22 May 2020)3078.2593


NAV as on Apr 30, 2020: `3051.624

Performance of Nippon India Money Market Fund ​as on 30/04/2020
Particulars CAGR %
1 Year3 Year5 YearSince Inception
Nippon India Money Market Fund 7.557.517.557.78
B: Crisil Money Market Index7.157.387.527.56
AB: Crisil 1 Yr T-Bill Index8.377.277.296.40
​​Value of `10000 Invested
Nippon India Money Market Fund 10,75712,43414,39330,516
B: Crisil Money Market Index10,71712,38914,37529,571
AB: Crisil 1 Yr T-Bill Index10,84012,35114,22025,174
Inception Date: Jun 16, 2005
​​​B - Benchmark    |   AB - Additional Benchmark    |  TRI: Total Return Index
Fund Manager:Anju Chhajer w.e.f. 1st Feb,2020
​​

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Anju Chhajer

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India US Equity Opportunitues Fund9.918.4616.2714.85N.A.N.A.
Nippon India Floating Rate Fund9.0510.007.327.847.608.18
Nippon India Liquid Fund6.096.256.816.917.147.15
Bottom 3
Nippon India Low Duration Fund5.687.516.767.337.337.69
Nippon India Overnight Fund4.914.97N.A.N.A.N.A.N.A.
Nippon India Japan Equity Fund-0.174.206.647.782.776.27


Note:

a.Ms. Anju Chhajer manages 8 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes,the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

​Ms. Anju Chhajer has been managing Nippon India Low Duration Fund since Oct 2009, Nippon India Liquid Fund since Oct 2013, Nippon India Japan Equity Fund since Aug 2014, Nippon India US Equity Opportunities Fund since Jul 2015, Nippon India Overnight Fund since Dec 2018, Nippon India Money Market Fund since Feb 2020, Nippon India Floating Rate Fund since Feb 2020, Nippon India Arbitrage Fund since Feb 2020

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra ​Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).​​​​​​​

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Fund Details

  • Inception Date16 Jun 2005
  • Fund ManagerMs. Anju Chhajer
Current Investment Philosophy
    • The fund would invest in money market instruments like Certificate of Deposits (CD), Commercial Papers (CP), etc.
    • The portfolio duration would be maintained between 110 - 150 days.
Minimum Investment
500.00

    and in multiples of Re.1 thereafter (for Growth Plan) For Daily Dividend Options - Rs. 10000 & in multiples of Re. 1 thereafter For Other Plans & Options - Rs. 500 & in multiples of Re. 1 thereafter wef. 29/08/2019

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

Nil

**If charged, the same shall be credited to the scheme immediately net of goods & service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over the short term.
  • Investment in money market instruments having residual maturity up to 1 year

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Apr 30 , 2020

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