Nippon India Money Market Fund Direct-Growth
Debt: Money Market - Growth (Open ended) Factsheet
SEBI Riskometer: ModerateCategory: Debt: Money MarketBenchmark: NIFTY Money Market Index A-ICheck Portfolio Overlap →
NAV: ₹4,547.53+0.07%
07 Sept 2026
Similar Funds
Side-by-side comparison of Nippon India Money Market Fund Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | +6.66% | 6.60% | 14 / 25 |
| 3Y Return | +7.47% | 7.29% | 4 / 23 |
| 5Y Return | +6.77% | 6.56% | 2 / 20 |
| 10Y Return | +6.77% | 6.34% | 6 / 12 |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Debt: Money Market
Top funds by AUM in the Debt: Money Market category — see how Nippon India Money Market Fund Direct-Growth compares on size and returns.
Funds Tracking NIFTY Money Market Index A-I
Top funds tracking the NIFTY Money Market Index A-I — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to Nippon India Money Market Fund Direct-Growth?
Funds similar to Nippon India Money Market Fund Direct-Growth in the Debt: Money Market category include ICICI Prudential Money Market Direct-Growth, Tata Money Market Fund Direct-Growth, and SBI Money Market Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Nippon India Money Market Fund Direct-Growth in its category?
On a 3-year return basis Nippon India Money Market Fund Direct-Growth is ranked 4 out of 23 funds in the Debt: Money Market category as of 6 Sep 2026. On a 5-year return basis it ranks 2 out of 20. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Nippon India Money Market Fund Direct-Growth's expense ratio compare to similar funds?
Nippon India Money Market Fund Direct-Growth has an expense ratio of 0.22%. The peers ICICI Prudential Money Market Direct-Growth has an expense ratio of 0.21% and Tata Money Market Fund Direct-Growth has 0.18%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Nippon India Money Market Fund Direct-Growth's AUM compare to similar funds?
Nippon India Money Market Fund Direct-Growth has an AUM of ₹23,624.5 crore. The peers ICICI Prudential Money Market Direct-Growth has an AUM of ₹36,528.7 crore and Tata Money Market Fund Direct-Growth has ₹34,511.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Debt: Money Market?
The top performing fund in the Debt: Money Market category on a 3-year basis is Tata Money Market Fund Direct-Growth with a CAGR of 7.58% as of 6 Sep 2026. Nippon India Money Market Fund Direct-Growth has delivered 7.47% CAGR over the same period, ranking 4 out of 23 funds. You can view and compare the full category ranking on sharpely.
How does Nippon India Money Market Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Nippon India Money Market Fund Direct-Growth has a Sharpe ratio of 2.63 compared to the Debt: Money Market average of 2.61 as of 6 Sep 2026. It ranks 10 out of 23 funds in its category on Sharpe ratio.