About Nippon India Money Market Fund
Nippon India Money Market Fund is a money market fund managed by Nippon India Mutual Fund. Invest in money market instruments maturing within one year, such as treasury bills and commercial paper.
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.
The scheme's stated objective, as published by Nippon India Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹4,550.3799 | 118719 |
| Direct | Bonus Option | ₹2,675.7205 | 118715 |
| Direct | DAILY IDCW Option | ₹1,006.2384 | 118718 |
| Direct | MONTHLY IDCW Option | ₹1,029.1796 | 118720 |
| Direct | QUARTERLY IDCW Option | ₹1,010.4287 | 118716 |
| Direct | WEEKLY IDCW Option | ₹1,006.7318 | 118717 |
| Regular | Growth Option | ₹4,483.3194 | 103048 |
| Regular | DAILY IDCW Option | ₹1,006.3319 | 103050 |
| Regular | MONTHLY IDCW Option | ₹1,028.7592 | 103052 |
| Regular | QUARTERLY IDCW Option | ₹1,010.4941 | 112341 |
| Regular | WEEKLY IDCW Option | ₹1,006.7544 | 103051 |
Frequently asked questions
What is the NAV of Nippon India Money Market Fund today?
The NAV of Nippon India Money Market Fund (Direct plan, Growth) is ₹4,550.3799 and the Regular plan NAV is ₹4,483.3194, as of 18 Sept 2026.
What returns has Nippon India Money Market Fund given?
Over the last year the Direct plan returned 6.53%, and 7.42% a year over 3 years and 6.77% a year over 5 years. That places it 4 of 23 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Nippon India Money Market Fund?
The Direct plan charges 0.22% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Nippon India Money Market Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹500 or more.
How much has Nippon India Money Market Fund fallen in the past?
Its deepest fall was 0.9% from 11 Mar 2020 to 24 Mar 2020. Of every one-year stretch in its history, 100% ended in a gain.
Which category does Nippon India Money Market Fund belong to?
It is a Money Market Fund from Nippon India Mutual Fund. Invest in money market instruments maturing within one year, such as treasury bills and commercial paper.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Nippon India Money Market Fund taxed?
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.