Nippon India Money Market Fund
Nippon India Mutual Fund · Money Market · Regular plan, growth option
NAV (₹), 1 Oct 2026
4,493.3359
1-day change
0.04%
1Y return
6.3%
3Y CAGR
7.3%
5Y CAGR
6.7%
Max drawdown, 5Y
−0.2%
NAV history month-end NAV, ₹ · 2 Apr 2006 to 1 Oct 2026
Returns vs Money Market median (30 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.5% | 0.5% |
| 3 months | 1.5% | 1.5% |
| 6 months | 3.6% | 3.5% |
| Year to date | 4.8% | 4.8% |
| 1 year | 6.3% | 6.3% |
| 3 years (CAGR) | 7.3% | 7.0% |
| 5 years (CAGR) | 6.7% | 6.3% |
| 7 years (CAGR) | 6.2% | 5.9% |
| 10 years (CAGR) | 6.6% | 6.6% |
| Since first NAV (CAGR) | 7.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.8% | 6.9% |
| 3Y rolling median | 7.5% | 6.8% |
| 3Y rolling worst | 4.8% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 7.7% | 6.3% |
| 5Y rolling worst | 5.9% | 5.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.7% | 0.6% |
| Sharpe ratio | 0.86 | 0.58 |
| Sortino ratio | 1.40 | 0.85 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.9% | −0.8% |
| Maximum drawdown, last 10Y | −0.9% | −1.2% |
| Maximum drawdown, last 5Y | −0.2% | −0.2% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
5.50%
1 Jul 2026 · −0.25 pp in a year · 5Y average 5.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.39% a year and the Direct plan's 0.22%, a gap of 0.17%; over the last 3 years the Direct plan returned 0.16 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹4,54,058.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Vikash Agarwal | Primary | 1 Sep 2024 |
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
Stated asset allocation: Money Market Instruments having residual maturity up to 1 year; Minmum 0%, Maximum 100%.
Benchmark (tier 1): NIFTY Money Market Index A-I
Minimum application: Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, All other Options - Rs.500 & in multiples of Re.1 thereafter
Allotment date: 16 Jun 2005
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.39% | 0.40% |
| AUM, whole scheme (₹ crore) | 19,855 | 4,321 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.3% | 6.5% TRI |
| Return, 3 years (AMFI) | 7.2% | 7.1% TRI |
| Return, 5 years (AMFI) | 6.6% | 6.5% TRI |
| Month-ends above category median (3Y CAGR) | 81% | 27% median |
| Month-ends in category top quartile (3Y) | 64% | 3% median |
| 7Y rolling CAGR, median (monthly windows) | 7.0% | 6.5% median |
Official benchmark: NIFTY Money Market Index A-I (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Money Market Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.8% | n/a | – |
| 2025 | 7.4% | n/a | – |
| 2024 | 7.8% | n/a | – |
| 2023 | 7.4% | n/a | – |
| 2022 | 5.0% | n/a | – |
| 2021 | 3.8% | n/a | – |
| 2020 | 6.0% | n/a | – |
| 2019 | 8.1% | n/a | – |
| 2018 | 7.9% | n/a | – |
| 2017 | 6.6% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,273 | 6.7% |
| 3 years | ₹3,60,000 | ₹4,00,233 | 7.0% |
| 5 years | ₹6,00,000 | ₹7,16,825 | 7.0% |
| 10 years | ₹12,00,000 | ₹16,84,284 | 6.6% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Money Market
Plan / option: Regular · Growth
AMFI scheme code: 103048
ISIN: INF204K01VA4
First NAV in MFIC data: 2 Apr 2006
History: 20.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Kotak Money Market Fund | Money Market | 1.00 | 7.2% |
| UTI - Money Market Fund | Money Market | 1.00 | 7.3% |
| HDFC Money Market Fund | Money Market | 1.00 | 7.2% |
| Bajaj Finserv Money Market Fund | Money Market | 1.00 | 6.7% |
| ICICI Prudential Money Market Fund - Cash Option | Money Market | 1.00 | 7.3% |
| Aditya Birla Sun Life Money Market Fund | Money Market | 0.99 | 7.3% |
Questions about Nippon India Money Market Fund
- What is the latest NAV of Nippon India Money Market Fund?
- The NAV of the Regular plan (growth option) was ₹4,493.3359 on 1 Oct 2026, as published by AMFI.
- Which category is Nippon India Money Market Fund in?
- It is classified as Money Market in AMFI's daily NAV file. MFIC compares it with 30 Money Market schemes (Regular plans).
- What returns has Nippon India Money Market Fund delivered?
- Over one year the NAV changed by 6.3%. The 3-year CAGR is 7.3% (category median 7.0%) and the 5-year CAGR is 6.7% (category median 6.3%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 7.5%, the lowest was 4.8%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Nippon India Money Market Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.9%; within the last five years it was 0.2% (category median 0.2%).
- How volatile is Nippon India Money Market Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.7%, which is above the Money Market category median of 0.6%.
- What would a monthly SIP in Nippon India Money Market Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,16,825 on 1 Oct 2026, an annualised return (XIRR) of 7.0%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Nippon India Money Market Fund?
- The total expense ratio of the Regular plan is 0.39% a year, as disclosed to AMFI (median of Money Market Regular plans: 0.40%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Nippon India Money Market Fund?
- Assets under management of the whole scheme were ₹19,855 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Nippon India Money Market Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Nippon India Money Market Fund and how has it compared?
- Its official benchmark is the NIFTY Money Market Index A-I. Over 3 years AMFI reports a return of 7.2% for this plan against 7.1% for the benchmark total return index; over 5 years 6.6% against 6.5%. Past performance does not indicate future results.
- How often has Nippon India Money Market Fund beaten its category?
- At 81% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Money Market schemes (Regular plans); it was in the top quarter at 64% of them. A typical scheme would show about 50%.
- Who manages Nippon India Money Market Fund?
- According to its Scheme Summary Document, Nippon India Money Market Fund is managed by Vikash Agarwal (since 1 Sep 2024).
- What is the minimum investment in Nippon India Money Market Fund?
- The minimum application amount is Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, All other Options - Rs.500 & in multiples of Re.1 thereafter. SIP details: SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.5% and the Regular plan's by 6.3%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.