Nippon India Money Manager Fund is a popular mutual fund scheme by Nippon India. The scheme aims at making consistent profit by investing in debt instruments and money market instruments. This fund offers investors an opportunity to yield profits at a shorter interval of time. The nature of this fund provides greater flexibility in construct of portfolio. The fund is ideal for investors with a lower risk appetite and shorter investment horizon.
Type or nature of fund
Nippon India Money Manager Fund is an open-ended income scheme
Nippon India Money Manager Fund is aimed at generating optimum returns by investing in mildly conservative investment avenues like money market instruments and debt instruments
|Inception date||21st March 2007|
|Plans||Retail Plan, Direct Plan and Institutional Plan|
Nippon India Money Manager Direct Plan (G)
Nippon India Money Manager Direct Plan (B)
Nippon India Money Manager Direct Plan (WD)
Nippon India Money Manager Direct Plan (MD)
Nippon India Money Manager Direct Plan (QD)
Nippon India Money Manager Direct Plan (DD)
Nippon India Money Manager Retail Plan (G)
Nippon India Money Manager Retail Plan (B)
Nippon India Money Manager Retail Plan (WD)
Nippon India Money Manager Retail Plan (MD)
Nippon India Money Manager Retail Plan (QD)
Nippon India Money Manager Retail Plan (DD)
Nippon India Money Manager Institutional Plan (G)
Nippon India Money Manager Institutional Plan (B)
Nippon India Money Manager Institutional Plan (WD)
Nippon India Money Manager Institutional Plan (MD)
Nippon India Money Manager Institutional Plan (QD)
Nippon India Money Manager Institutional Plan (DD)
|Minimum investment||Rs.5000 and then in multiples of Re.1 for customers who avail Nippon India Money Manager mutual fund scheme|
Sip investment option is available for Nippon India Money Manager Fund. Following is the SIP amount break-up for various time slots. Minimum investment amount for investing: is-
|Product label – Risk and target investors||Moderately Low, Target investors are people who have a comparatively lower risk profile and who wish to reap consistent and decent returns on their money via a conservative investment approach|
|Benchmark||CRISIL liquid fund index|
|Redemption||Redemption of Nippon India Money Manager Fund units will be done by the fund provider on a legitimate request by customers. The redemption will be done within 10 days from the request and is generally processed in 3-4 days.|
|Taxation||Taxation process for Nippon India Money Manager Fund depends upon the type of fund and the period of the fund scheme. However, customers are advised to figure out the exact tax details in consultation with a professional tax adviser.|
Following are the Fund Managers who manage investment strategy of the Nippon India Money Manager fund.
- Amit Tripathi:
Amit is has an MBA degree in finance from Fore School of Management and has done his Bachelors of Commerce from B.J.B College, Bhubaneshwar. He specializes in asset management and has been with Nippon India Mutual Funds for the past 12 years. Before Nippon India Mutual Fund, Amit was working as an Administrative Officer with New India Assurance.
Apart from Nippon India Money Manager Fund, following are the funds managed by Amit -
Nippon India Regular Savings Fund, Balanced Option
Nippon India Monthly Income Plan
Nippon India Floating Rate Fund
Nippon India Medium Term Fund
Nippon India Liquidity Fund
- Anju Chhajer
Anju Chhajer is a CFA holder before which she completed her Bachelor of Commerce from Shib Nath Shastri College, Kolkata. She has over 16 years of experience in the financial industry and was working with National Insurance Company for almost 10 years before joining Nippon India Mutual Fund. Following are the funds managed by her.
Nippon India Japan Equity Fund
Nippon India US Equity Opportunities Fund
Nippon India Equity Savings Fund
Nippon India Medium Term Fund
Nippon India Liquid Fund – Cash Plan
Nippon India Liquid Fund – Treasury Plan
Nippon India Retirement Fund – Income Generation Scheme
Nippon India Retirement Fund – Wealth Creation Scheme
Investment philosophy or strategy
Following is the investment philosophy or strategy on which Nippon India Money Manager Fund performs.
- Portfolio – Sector / Top 10 holdings
Given below is the break-up of share holdings of the Nippon India Money Manager Fund.
|CARE A1+||Debt & Money Market Instruments||0.63|
|CARE AA+||Debt & Money Market Instruments||4|
|CARE AAA||Debt & Money Market Instruments||4.35|
|CRISIL A1+||Debt & Money Market Instruments||20.27|
|CRISIL AA+||Debt & Money Market Instruments||0.68|
|CRISIL AA-||Debt & Money Market Instruments||0.24|
|CRISIL AAA||Debt & Money Market Instruments||9.45|
|IND A1+||Debt & Money Market Instruments||9.78|
|IND AA-||Debt & Money Market Instruments||1.01|
|IND AAA||Debt & Money Market Instruments||1.93|
|[CRA]A1+||Debt & Money Market Instruments||36.14|
|[CRA]AA||Debt & Money Market Instruments||1.3|
|[CRA]AA+||Debt & Money Market Instruments||1.16|
|[CRA]AA-||Debt & Money Market Instruments||2.47|
|Cash and other receivables||Debt & Money Market Instruments||6.62|
- Fund Performance
|NAV||Rs.1086.997as of 4th September, 2015|
|Expenses, expense ratio||NA|
Following is the benchmark comparison for Nippon India Diversified Power Sector Fund as per data from May 29th, 2015.
|Compounded Annualized Returns||Absolute Returns %||Annualized Returns %|
|Returns for the last 1 year||8.7||116|
|Returns for the last 3 years||29.7||24|
|Returns for the last 5 years||54.4||24|
Absolute Returns for each financial year for the last 5 years are mentioned above.
Expert view of the fund
Nippon India Money Manager Fund is one of the most prominent savings fund schemes. This mutual fund invests in debt instruments and other money market instruments which ensure that there is decent growth of your money along with minimized risks. The fund is ideal for customers with low risk appetite and those looking to invest in a short-term quick mutual fund scheme. This fund has a ultra-short investment period where investments are typically made for a period between 2-6 months. Not more than 20% of the portfolio is invested in money market assets with a period between 9-18 months. The average maturity of the portfolio hovers in the range of 150-200 days. The fund predominantly invests in instruments with the highest rank.
How to apply for Nippon India Money Manager Fund
Nippon India Money Manager Fund can be signed up for either online or offline. Offline channel consists of visit to any Nippon India Mutual Fund offices and filling plus submitting of the application form. After submission of form and relevant documents, fund is allocated in your name. For online application, you need to visit Nippon India Mutual Fund website where existing customers can log in using their credentials while new customers can first register and then make a profile for logging in. An online application form can then be filled.
You can also choose to avail the services of a Nippon India mutual fund expert who can visit your place in order to familiarize you with various mutual fund schemes and to help you decide which one will suit your financial status and goals, the most.
GST rate of 18% applicable for all financial services effective July 1, 2017.