NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹4304.00
0.07%
NAV as on 03 Feb 26, 12:00 AM
moderate risk
money market
debt
NAV as on 03 Feb 26, 12:00 AM
moderate risk
money market
debt
7.17%p.a.
Last 1Y
7.42%p.a.
Last 3Y
6.28%p.a.
Last 5Y
7.32%p.a.
Since Inception
About Nippon India Money Market Fund-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Money Market Fund-Growth scheme from Nippon Life India Asset Management Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jun 2005, Nippon India Money Market Fund-Growth is Money Market fund of its category with 20,189.58 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Nippon India Money Market Fund-Growth delivered 7.2% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- Nippon India Money Market Fund-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments
Top 10 Holdings
CENTRAL GOVERNMENT LOAN 08002 GOI 18FB26 7.95 FV RS 100
0.05%
CENTRAL GOVERNMENT LOAN 09005 GOI 23MR26 8.00 FV RS 100
0.09%
Repo
0.57%
Net Payables
-9.61%
Madhya Pradesh State 8.15 13/11/2025
0.02%
Punjab State 8.01 14/10/2025
0.04%
STATE DEVELOPMENT LOAN 17922 AP 14OT25 7.98 FV RS 100
0.11%
Tamilnadu State 8 28/10/2025
0.03%
Maharashtra State SDL 8.26 23/12/2025
0.02%
Karnataka State SDL 8.22 09/12/2025
0.05%
Fund Managers
- Vikash Agarwal (Sep 2024 - Present)
- Divya Dutt Sharma (Sep 2025 - Present)
- Lokesh Maru (Sep 2025 - Present)
Key Information
View Scheme Document
Nippon India Money Market Fund-Growth SIP Calculator
If invested
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For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Nippon India Money Market Fund-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Nippon India Money Market Fund-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Nippon India Money Market Fund-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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