Nippon India Money Market Fund - Growth Plan-Growth Option

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    Fixed Income · Money Market FundNAV₹4499.138 Oct 2026AUM₹23,624 croreExpense ratio0.39%1Y+6.32%3Y+7.26%5Y+6.66%

    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.

    Performance vs Benchmark

    FundNAV as of 8 Oct 2026

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    At a glance

    3 year return
    +7.26% a year

    If you had invested

    Period

    Loading NAV history.

    Portfolio

    As of 8 Oct 2026

    Asset class

    • Debt71.8%
    • Others1.4%

    Market cap

    • Others100.0%

    Key figures

    Fund size
    ₹23,624 crore
    Expense ratio
    0.39% a year

    How it compares

    Trailing Returns

    1M3M6MYTD1Y3Y5Y7Y10Y
    This fund+0.38%+1.62%+3.55%+4.92%+6.32%+7.26%+6.66%+6.24%+6.63%

    Calendar Year Returns vs Benchmark

    Comparison with NIFTY Money Market Index

    More detail

    Monthly returns, rolling returns, risk measures and the full NAV history.

    About Nippon India Money Market Fund Growth Plan Growth Option

    Nippon India Money Market Fund Growth Plan Growth Option is a Money Market Fund fixed income fund from Nippon Life India Asset Management Limited, launched on 15 Jun 2005. Its benchmark is the NIFTY Money Market Index. The expense ratio is 0.39% a year. It manages ₹23,624 crore. The NAV was ₹4499.13 on 8 Oct 2026.

    See returns as a table

    Returns and volatility

    PeriodReturnVolatility a year
    Last 1 year+6.32%0.90%
    Last 3 years+7.26% a year0.62%
    Last 5 years+6.66% a year0.59%
    Last 10 years+6.63% a year0.58%

    Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of returns over the same period. Figures as of 7 Oct 2026.

    Calendar year returns against the NIFTY Money Market Index

    From 2017 to 2026, the fund returned more than the NIFTY Money Market Index in 9 of 10 calendar years. The 2026 figure is year to date.

    Year
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    Investing from the UAE. NRIs can generally invest once KYC is complete, paying from an NRE or NRO account. Some fund houses restrict residents of the US and Canada. India's tax on this fund depends on its equity share and when the units were bought, and is deducted when an NRI redeems. The UAE has no personal income tax and the India UAE treaty may apply, so confirm your position with a tax adviser.

    Data from RuDo Wealth fund analytics, NAV as of 8 Oct 2026; benchmark as named by Nippon Life India Asset Management Limited. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. General information, not a recommendation to buy or sell this fund. Past performance does not indicate future returns.

    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025
    2026 YTD
    This fund+6.56%+7.96%+8.08%+5.97%+3.79%+4.99%+7.35%+7.75%+7.43%+4.92%
    Benchmark+4.03%+4.08%+4.34%+3.13%+2.05%+2.59%+4.41%+4.72%+4.68%+112.41%

    Compare every money market fund on returns, volatility, worst fall and cost.

    Other money market fund funds

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    • SBI Money Market Fund
    • Aditya Birla Sun Life Money Market Fund
    • Kotak Money Market Fund
    • Nippon India Money Market Fund
    • Axis Money Market Fund

    All funds from Nippon Life India Asset Management