Nippon India Money Market Fund - Monthly IDCW Option

Nippon India Money Market Fund - Monthly IDCW Option is a scheme launched by Nippon Mutual Fund on August 06, 2012, and falls under the Money Market fund category. It currently manages an AUM of Rs 22,812.39 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 500. It charges an expense ratio of 0.37% for managing the portfolio.

• Investing Strategy:

  To generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

• Performance:

  Nippon India Money Market Fund - Monthly IDCW Option trailing returns over different times are 0.31% (1 year), 0.29% (3 year) and 0.25% (5 year). The average annual return of this fund stands at 0.32%.