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Nippon India Money Market - Growth

  • Regular
  • Direct
Category : Money Market Fund

Scheme Objective

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.

Scheme Details

  • Fund manager(s)Anju Chhajer
  • Launch date – 15-Jun-2005
  • Expense ratio – 0.28% as declared on 31-Aug-2021 (category average is 0.53%)
  • Benchmark - CRISIL 10 Year Gilt Index
  • Min SIP amount - ₹100
  • Min investment amount (one time- first time) - ₹500
  • Min investment amount (addtional purchase) - ₹500
  • Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Net Buy Price
Buy Date
Sell Date
  • Gross Profit
  • Exit Charges
  • Net Profit

Tax Rate

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details

Nippon Life India Asset Management Limited
Registered Office: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400 013
Tel no.: 022-6808 7000/1860 266 0111
Fax no.: 022-6808 7097
Website.: nipponindiaim.com

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