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Nippon India Money Market Fund Review

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Nippon India Money Market Fund

About reliance mutual fund  

Reliance Mutual Fund is proud of being one of the trustworthy and top mutual fundsIt comes under the shelter of the Reliance Anil Dhirubhai Ambani Group (ADA) with its incorporation in 1995, also performing strongly in more than 160 cities. The reliance amc deals in 5 main fund classes: Debt Funds, Gold Funds, Equity Funds, Liquid Funds, and Retirement Funds. To offer its investors an all-round diversified product portfolio, reliance mutual fund offers innovative products that meet the investing needs of their investors. 

Lets get you with a bit of benefit of investing in reliance mutual funds: 

  • Reliance mf provides excellent customer support. 
  • Reliance best mutual fund is a pioneer in the investment industry. 
  • It also offers tax-benefits on a vast range of investment instruments. 
  • With more than 20 years of experience, reliance amc is carrying expertise for the same. 
  • It has a rich distribution network globally. 

About Nippon India Money Market Fund 

It is a debt mutual fund that was launched by Reliance mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Vivek Sharma. Talking about AUM, it is of INR 3805 Cr, and the latest NAV is of INR 3805 Cr, and, the latest NAV is of INR 3014.81 (dated as of 17th Jan 2020). The fund growth is moderately low risk. The minimum SIP investment is INR 100, and, minimum lumpsum investment is INR 500.  

Investment Objective 

The objective of the investment is to generate optimal returns with moderate risk level & high-liquidity. Accordingly, investments shall pre-dominantly be made in money and debt market instruments.  

Tax Implications 

Returns are taxed as per your Income-tax slab, only if sold before 3 years. Also, negligible tax 20% with indexation benefit (post 3 years).  

Top Holdings 

Name  Sector  Instrument  % Assets 
ICICI Bank Ltd.  Financial  CD  6.6% 
Axis Bank Ltd.  Financial  CD  5.3% 
IDFC First Bank Ltd.  Financial  CD  3.9% 
Reliance Industries Ltd.  Energy  CP  3.9% 
Tata Capital Housing Finance Ltd.  Financial  CP  3.9% 
ICICI Home Finance Company Ltd.  Financial  CP  3.9% 
Indusind Bank Ltd.  Financial  CD  3.9% 
REC Ltd.  Financial  CP  3.3% 
Small Industries Devp. Bank of India Ltd.  Financial  CD  3.3% 
National Bank For Agriculture & Rural Development  Financial  CP  3.3% 

 

How to Invest Nippon India Money Market Fund with Gulaq?          

Nippon India Money Market Fund investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is:      

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

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