Nippon India Money Market Fund
The Scheme seeks to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments.
Growthvine rating: 4/5 — ranked #5 of 27 in category.
Fund basics
| Category | Debt: Money Market |
|---|---|
| NAV | ₹4493.34 (as of 2026-10-01) |
| AUM | ₹23,624 Cr |
| Expense ratio | 0.33% |
| Riskometer | Moderate |
| Fund manager | Vikash Agarwal |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.65% |
|---|---|
| Sharpe ratio | 2.37 |
| Standard deviation | 0.57% |
| Max drawdown | −0.87% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 100.4% of NIFTY Money Market Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.8% | Q2 | #13 of 26 |
| 2025 | 7.4% | Q1 (Top) | #6 of 24 |
| 2024 | 7.8% | Q1 (Top) | #4 of 24 |
| 2023 | 7.4% | Q1 (Top) | #5 of 22 |
| 2022 | 5.0% | Q1 (Top) | #1 of 19 |