HealthyDirect · GrowthFit for a long SIP
Nippon India Money Market Fund
Nippon India Mutual FundDebt Scheme - Money Market Fund13.8 years
- NAV
- 4,572.6333
- 29 Oct 2026
- 1Y
- +6.3%
- Trailing CAGR
- AUM
- ₹23,624.47 Cr
- 31 Aug 2026
- Volatility
- Low
- 0.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 67% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.9%. Ask whether you can hold through a similar fall.
Vs category
Pass
67% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.4% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.3%
- 3Y+7.3%
- 5Y+6.8%
- 10Y+6.7%
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+7.0%
- 5Y+7.1%
- 10Y+6.7%
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +67%
- Windows beating the median
- 3Y percentile
- 75
- Vs comparable share classes
- SIP 3Y XIRR
- +7.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 2810 daily-ending windows
- Median rolling 3Y
- +7.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2172 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.9%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +5%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 68 recovered episodes
- Longest recovery
- 22 days
- Trough to prior peak
11 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-0.9%
2 May 2022 – 25 May 2022
Trough 6 May 2022 · recovered in 19 days
-0.2%
15 Jul 2013 – 21 Jul 2013
Trough 16 Jul 2013 · recovered in 5 days
-0.2%
11 May 2026 – 1 Jun 2026
Trough 22 May 2026 · recovered in 10 days
-0.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
75
Vs category
49
Consistency
63
Risk-adjusted
100
Drawdown
98
Mean
77
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 67% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 155 holdings · top 10 are 26.4%.
- Top 5
- 17.3%
- Top 10
- 26.4%
- Largest holding
- 5.3%
- Effective holdings
- 69.3
Repo
Unspecified
5.3%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27
Financial
3.6%
PUNJAB NATIONAL BANK CD 09MAR27
Financial
3.2%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 26FEB27
Financial
2.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 10MAR27
Financial
2.4%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bank of India Money Market Fund
Bank of India Mutual Fund
- 1Y
- +6.4%
- 3Y
- n/a
- Vol
- 0.5%
- Max DD
- -0.2%
- Sharpe
- 2.18
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Franklin India Money Market Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 2.50
- 3Y win
- +70%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
LIC MF Money Market Fund
LIC Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.7%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.92
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
TRUSTMF Money Market Fund
Trust Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.1%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 3.03
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Union Money Market Fund
Union Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.1%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.47
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns