Should I invest in Nippon India Money Market Fund Growth Plan?

We don't give personal investment advice. Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.2%. 5-year CAGR: 6.50%.

Nippon India

Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option

Latest NAV

₹4,441.6214

As of

3 Jun 2026

3,628 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.03%	+0.03%	+0.00	17 / 29	Q3
1W	+0.24%	+0.23%	+0.01	14 / 29	Q2
2W	+0.14%	+0.16%	-0.01	20 / 29	Q3
1M	+0.21%	+0.22%	-0.01	21 / 29	Q3
3M	+1.24%	+1.25%	-0.01	18 / 29	Q3
6M	+2.65%	+2.65%	+0.00	18 / 28	Q3
YTD	+2.17%	+2.22%	-0.05	17 / 28	Q3
1Y	+5.99%	+5.89%	+0.09	14 / 27	Q3
2Y	+7.11%	+6.99%	+0.12	8 / 25	Q2
3Y	+7.29%	+7.17%	+0.12	4 / 24	Q1
4Y	+7.17%	+7.02%	+0.14	4 / 21	Q1
5Y	+6.50%	+6.38%	+0.12	2 / 18	Q1
7Y	+6.37%	+6.27%	+0.10	6 / 16	Q2
10Y	+6.73%	+6.62%	+0.11	6 / 13	Q2
Inception	+7.27%	+6.48%	+0.79	6 / 29	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.17%	+2.20%	-0.03	16 / 27
2025	+7.57%	+7.47%	+0.11	4 / 24
2024	+7.82%	+7.65%	+0.17	6 / 24
2023	+7.48%	+7.34%	+0.14	5 / 23
2022	+5.11%	+4.77%	+0.34	2 / 20
2021	+3.88%	+3.78%	+0.10	7 / 18
2020	+6.05%	+5.90%	+0.15	12 / 18
2019	+8.15%	+8.28%	-0.12	6 / 16
2018	+8.01%	+7.07%	+0.93	2 / 14
2017	+6.67%	+6.48%	+0.19	9 / 14
2016	+7.68%	+7.92%	-0.24	10 / 13

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.28%

152 windows

min 3.8% · max 9.7%

100% positive

3-Year rolling

+7.07%

128 windows

min 4.9% · max 8.9%

100% positive

5-Year rolling

+6.91%

103 windows

min 6.0% · max 8.2%

100% positive

7-Year rolling

+6.95%

79 windows

min 6.4% · max 8.2%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.44%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.15%

May 2026 → May 2026

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Growth Option - Direct Plan	HDFC	₹6,159.9626	3 Jun 2026
Nippon India Money Market Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹2,611.7657	3 Jun 2026
SBI SAVINGS FUND - DIRECT PLAN - GROWTH	SBI	₹46.9233	3 Jun 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Growth	ICICI Prudential	₹405.6499	3 Jun 2026
Invesco India Money Market Fund - Direct Plan - Growth	Invesco	₹3,326.0796	3 Jun 2026
Bandhan Money Market Fund -Direct Plan-Growth	Bandhan	₹46.1539	3 Jun 2026
Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹395.8504	3 Jun 2026
Franklin India Money Market Fund - Direct - Growth	Franklin India	₹54.7789	3 Jun 2026
Mirae Asset Money Market Fund Direct Growth	Mirae Asset	₹1,348.9773	3 Jun 2026
Kotak Money Market Fund - (Growth) - Direct	Kotak	₹4,789.1423	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹4,441.6214
2 Jun 2026	₹4,440.8135
1 Jun 2026	₹4,439.4939
29 May 2026	₹4,435.3881
27 May 2026	₹4,432.1593
26 May 2026	₹4,430.3732
25 May 2026	₹4,431.0319
22 May 2026	₹4,429.3154
21 May 2026	₹4,429.7512
20 May 2026	₹4,432.9872

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option is ₹4,441.6214. It's a Money Market Fund from Nippon India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option has NAV history starting from 01 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option is managed by Nippon India. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option has delivered a absolute return of 5.99% — +0.09 pp ahead of the Money Market Fund category average of 5.89%. The fund ranks #14 of 27 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option has delivered a CAGR of 7.29% — +0.12 pp ahead of the Money Market Fund category average of 7.17%. The fund ranks #4 of 24 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option has delivered a CAGR of 6.50% — +0.12 pp ahead of the Money Market Fund category average of 6.38%. The fund ranks #2 of 18 in its category — the top (Q1) quartile.

₹1 lakh invested in Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option exactly 10 years ago would be worth approximately ₹191,752 today — a multiplier of 1.92×, based on the 10-year CAGR of 6.73%. The category average over the same window would have grown ₹1 lakh to ₹189,861.

A ₹10,000 monthly SIP in Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹715,667 today. That's an XIRR (money-weighted annualised return) of 6.98%.

A ₹10,000 monthly SIP for 10 years in Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option = ₹1,200,000 invested. It would currently be worth ₹1,687,987 (multiplier 1.41×). XIRR: 6.64%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option ranks #2 out of 18 funds in the Money Market Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 6.38%; this fund delivered 6.50%.

The worst peak-to-trough decline Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option has experienced over the last 5-year window is 0.18% — its NAV fell from a high on 02 May 2022 to a low on 06 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option averaged 6.91% (best 8.24%, worst 6.02%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.34 — negative risk-adjusted performance.

In calendar year 2025, Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option returned 7.57% — beating the Money Market Fund category average of 7.47% by 0.11 pp. It ranked #4 of 24 in its category that year.

Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.2%. 5-year CAGR: 6.50%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Option

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Money Market Fund

Recent NAVs

Frequently asked questions

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