VA
Vikash AgarwalLead
Since Sep 2024
AUM managed
₹1,04,004.33Cr
Tenure
Since Sep 2024
Funds
22
Nippon India Money Market Gr
Money Market FundNippon India Mutual Fund
NAV
₹4,500.38
-0.04% today
AUM
₹23,624.47 Cr
Fund size
Expense
0.39%
Regular plan
Min SIP
₹100
per month
Min Lumpsum
₹500
one-time
Exit Load
0.0
on redemption
Fund snapshot
Category rank#4 of 22
Risk-o-meterModerate Risk
BenchmarkNifty Money Market Index A-I TR INR (100%)
Number of holdings46
Inception16 Jun 2005
Exit load0.0
Debt metrics
Modified duration0.47397 yrs
Average maturity0.50958 yrs
Yield to maturity6.97%
Average credit qualityAAA
Standard deviation0.57%
Capital gains tax
Debt
STCG · short-term
Slab RateShort-term gains taxed at slab rate
Debt fund gains are taxed at your income slab rate.
LTCG · long-term
Slab RateLong-term gains taxed at slab rate
Debt fund gains are taxed at your income slab rate.
Debt and other non-equity mutual fund gains are taxed at the investor's slab rate.
Fund managers
KD
Since Jul 2018
AUM managed
₹5,07,165.07Cr
Tenure
Since Jul 2018
Funds
51
AS
Since Mar 2026
AUM managed
₹5,11,102.28Cr
Tenure
Since Mar 2026
Funds
47
DS
Since Sep 2025
AUM managed
₹5,15,458.56Cr
Tenure
Since Sep 2025
Funds
50
LM
Since Sep 2025
AUM managed
₹5,15,458.56Cr
Tenure
Since Sep 2025
Funds
50
About Nippon India Money Market Gr
Nippon India Money Market Gr is an open-ended Money Market Fund mutual fund scheme offered by Nippon India Mutual Fund under the regular plan with the growth option. Its latest net asset value (NAV) is ₹4,500.38 per unit and the scheme manages ₹23,624.47 Cr in assets under management. The fund charges an expense ratio of 0.39% and is benchmarked against Nifty Money Market Index A-I TR INR (100%). Over the trailing 5 years, Nippon India Money Market Gr has delivered +6.66% returns. SEBI's riskometer places this scheme in the Moderate Risk category, so read the scheme information document before investing.
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.
Regular Plan · Growth option · NAV as of 15 Oct 2026
Nippon India Money Market Gr returns
| Period | Fund | Category average |
|---|---|---|
| 1 month | +0.43% | +0.44% |
| 3 months | +1.67% | +1.63% |
| 6 months | +3.14% | +3.10% |
| 1 year | +6.26% | +6.20% |
| 3 years | +7.23% | +6.94% |
| 5 years | +6.66% | +6.35% |
Rolling returns
| Period | Fund | Category average |
|---|---|---|
| 1 month | -- | +0.45% |
| 3 months | +2.22% | +1.41% |
| 6 months | +3.35% | +3.12% |
| 1 year | +6.34% | +5.55% |
| 3 years | +23.45% | +19.16% |
| 5 years | +37.27% | +30.86% |
Past performance is not indicative of future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.
Nippon India Money Market Gr — frequently asked questions
What is the NAV of Nippon India Money Market Gr?
The latest net asset value (NAV) of Nippon India Money Market Gr is ₹4,500.38 per unit, -0.04% over the previous trading day. NAV is declared by the AMC at the end of every business day.
What returns has Nippon India Money Market Gr delivered?
Nippon India Money Market Gr has returned +6.66% over the trailing 5 years (1 year: +6.26%, 3 years: +7.23%). Returns beyond one year are annualised. Past performance does not guarantee future returns.
What is the expense ratio of Nippon India Money Market Gr?
Nippon India Money Market Gr charges an expense ratio of 0.39% per annum. The expense ratio is deducted from the scheme's assets, so the NAV you see is already net of it.
How risky is Nippon India Money Market Gr?
SEBI's riskometer classifies Nippon India Money Market Gr as Moderate Risk, which is typical for a Money Market Fund scheme. Match the scheme's risk level to your own risk tolerance and investment horizon before investing.
What is the minimum investment in Nippon India Money Market Gr?
You can start a SIP in Nippon India Money Market Gr from ₹100 per month, and the minimum lumpsum investment is ₹500.
Who manages Nippon India Money Market Gr?
Nippon India Money Market Gr is managed by Nippon India Mutual Fund, holds ₹23,624.47 Cr in assets under management and invests across 46 holdings. This page covers the regular plan with the growth option.
Scheme identifiers
- Fund house
- Nippon India Mutual Fund
- Scheme category
- Debt
- Scheme sub-category
- Money Market Fund
- Plan
- Regular plan
- Option
- Growth
- ISIN
- INF204K01VA4
- Scheme code
- FSGBR0718Y