JioBlackRock Money Market Fund vs Nippon India Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Money Market Fund and Nippon India Money Market Fund are both Money Market funds. In the year to 30-10-2026, JioBlackRock Money Market Fund (Direct) returned 6.2% and Nippon India Money Market Fund (Direct) returned 6.3%. JioBlackRock Money Market Fund charges 0.16% a year and Nippon India Money Market Fund 0.22% (Direct plans). Their portfolios overlap 16.2%: they hold 19 of the same securities.
JioBlackRock Money Market Fund
Money Market
- 1 year return
- 6.2%
- Expense ratio
- 0.16%
- NAV
- ₹1,082.54
Nippon India Money Market Fund
Money Market
- 1 year return
- 6.3%
- Expense ratio
- 0.22%
- NAV
- ₹4,573.16
Which is better, JioBlackRock Money Market or Nippon India Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Money Market returned more over 1 year: 6.3% against 6.2%.
- JioBlackRock Money Market costs less: 0.16% a year against 0.22% (Direct plans).
- Nippon India Money Market fell less in its worst fall since 07-07-2025: −0.1% against −0.2%.
- Nippon India Money Market is the larger fund: ₹19,855 Cr against ₹4,664 Cr.
- Their portfolios overlap 16.2%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | JioBlackRock Money Market Fund | Nippon India Money Market Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Nippon India Mutual Fund |
| Category | Money Market | Money Market |
| AUM | ₹4,664 Cr (30-09-2026) | ₹19,855 Cr (30-09-2026) |
| NAV | ₹1,082.54 (Direct) | ₹4,573.16 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.22% |
| Expense ratio (Regular) | 0.36% | 0.39% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Money Market Index A-I | NIFTY Money Market Index A-I |
| Launch date | 04-07-2025 | 16-06-2005 |
| Minimum investment | ₹500 | Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, All other Options - Rs.500 & in multiples of Re.1 thereafter |
| Lock in | None | None |
| Fund managers | Arun Ramachandran, Vikrant Mehta, Siddharth Deb | Vikash Agarwal |
| Exit load | NIL | Nil |
JioBlackRock Money Market vs Nippon India Money Market: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JioBlackRock Money Market Fund (Direct) | +0.30% | +1.45% | +3.21% | +6.24% | -- | -- | -- |
| Nippon India Money Market Fund (Direct) | +0.31% | +1.47% | +3.29% | +6.31% | +7.32% | +6.81% | +6.73% |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | +6.60% |
Category average: the average of the 27 Money Market funds, same plan type.
JioBlackRock Money Market vs Nippon India Money Market: Year-wise Returns
| Year | JioBlackRockJioBlackRock Money Market | Nippon IndiaNippon India Money Market |
|---|---|---|
| 2026to date | +5.16% | +5.23% |
| 2025 | -- | +7.60% |
| 2024 | -- | +7.89% |
| 2023 | -- | +7.48% |
| 2022 | -- | +5.11% |
| 2021 | -- | +3.89% |
JioBlackRock Money Market vs Nippon India Money Market: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 78 of them, one for each trading day from 07-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
JioBlackRock Money Market Fund (Direct)
Nippon India Money Market Fund (Direct)
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JioBlackRock Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.4% | 6.1% | 6.7% |
| Nippon India Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.5% | 6.2% | 6.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 07-07-2025. Past returns do not promise future returns.
JioBlackRock Money Market vs Nippon India Money Market: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 07-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock Money MarketJioBlackRock Money Market Fund (Direct) | ₹1,60,000 | ₹1,66,984 | ₹6,984 | 6.2% |
| Nippon India Money MarketNippon India Money Market Fund (Direct) | ₹1,60,000 | ₹1,67,112 | ₹7,112 | 6.3% |
JioBlackRock Money MarketJioBlackRock Money Market Fund (Direct)
Nippon India Money MarketNippon India Money Market Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
JioBlackRock Money Market vs Nippon India Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Money Market Fund (Direct) | Nippon India Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.24% | +6.31% |
| Standard deviation | 0.53% | 0.53% |
| Sharpe ratio | 1.89 | 2.00 |
| Sortino ratio | 2.93 | 3.16 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JioBlackRock Money Market Fund (Direct) | Nippon India Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.15% | +7.28% |
| Standard deviation | 0.48% | 0.42% |
| Sharpe ratio | 1.75 | 2.93 |
| Sortino ratio | 2.75 | 5.96 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.9% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-07-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
JioBlackRock Money Market Fund (Direct)
Nippon India Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| Nippon India Money Market Fund (Direct) | −0.1% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
From daily values since 07-07-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JioBlackRock Money Market Fund (Direct)
Nippon India Money Market Fund (Direct)
JioBlackRock Money Market vs Nippon India Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Money Market Fund, September 2026; Nippon India Money Market Fund, September 2026
Holdings in common
- Overlap
- 16.2%
- Held by both
- 19
- Only in JioBlackRock Money Market
- 20
- Only in Nippon India Money Market
- 124
| Security | % of JioBlackRock Money Market | % of Nippon India Money Market |
|---|---|---|
| Canara Bank (12-Mar-2027) | 7.24% | 1.76% |
| Bank of Baroda (08-Mar-2027) | 2.08% | 1.59% |
| Union Bank of India (15-Mar-2027) | 2.08% | 1.59% |
| HDFC Bank Ltd (15-Jan-2027) | 4.21% | 1.48% |
| Punjab National Bank (09-Mar-2027) | 1.35% | 3.79% |
| 364 DTB (04-FEB-2027) | 3.15% | 1.23% |
| Small Industries Development Bank of India (11-Aug-2027) | 1.51% | 1.06% |
| ICICI Bank Ltd (08-Mar-2027) | 1.04% | 1.17% |
| National Bank For Agriculture & Rural Development (02-Mar-2027) | 1.88% | 0.98% |
| National Bank For Agriculture & Rural Development (17-Mar-2027) | 4.16% | 0.61% |
| HDFC Bank Ltd (05-Mar-2027) | 1.04% | 0.61% |
| Punjab National Bank (10-Feb-2027) | 2.62% | 0.49% |
| Union Bank of India (16-Mar-2027) | 2.60% | 0.49% |
| Canara Bank (11-Mar-2027) | 1.04% | 0.49% |
| Small Industries Development Bank of India (11-Jun-2027) | 2.04% | 0.48% |
| Punjab National Bank (12-Mar-2027) | 4.16% | 0.37% |
| Canara Bank (25-Mar-2027) | 1.04% | 0.24% |
| Corporate Debt Market Development Fund Class A2 | 0.18% | 0.32% |
| HDFC Bank Ltd (12-Mar-2027) | 1.56% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.2% means 16.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in JioBlackRock Money Market Fund
| Security | % of fund |
|---|---|
| Aditya Birla Capital Ltd (15-Dec-2026) | 9.51% |
| Bank of Baroda (05-Mar-2027) | 6.77% |
| ICICI Home Finance Co Ltd (24-Jun-2027) | 6.10% |
| 5.74% GOI 2026 (15-NOV-2026) | 5.47% |
| 182 DTB (18-MAR-2027) | 3.13% |
Largest holdings only in Nippon India Money Market Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development | 4.27% |
| 182 Days Tbill | 3.46% |
| Small Industries Dev Bank of India | 3.43% |
| IndusInd Bank Limited | 2.71% |
| UCO Bank | 2.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Money Market | Nippon India Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.1% | 104.4% |
| Cash and others | -1.1% | -4.4% |
JioBlackRock Money Market vs Nippon India Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Money Market Fund | Nippon India Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.22% |
| Base expense ratio (Direct) | 0.13% | 0.19% |
| Total expense ratio (Regular) | 0.36% | 0.39% |
| Base expense ratio (Regular) | 0.30% | 0.33% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare JioBlackRock Money Market with
JioBlackRock Money Market Fund vs Nippon India Money Market Fund: Frequently Asked Questions
What is the difference between JioBlackRock Money Market Fund and Nippon India Money Market Fund?
Both are Money Market funds, run by Jio BlackRock Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 16.2%. JioBlackRock Money Market Fund charges 0.16% a year and Nippon India Money Market Fund 0.22%.
Which has given higher returns, JioBlackRock Money Market Fund or Nippon India Money Market Fund?
Over 1 year: JioBlackRock Money Market Fund +6.24%, Nippon India Money Market Fund +6.31%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Money Market Fund or Nippon India Money Market Fund?
JioBlackRock Money Market Fund charges less: 0.16% a year against 0.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Money Market Fund and Nippon India Money Market Fund overlap?
16.2%. They hold 19 of the same securities, the largest shared ones being Canara Bank (12-Mar-2027), Bank of Baroda (08-Mar-2027), Union Bank of India (15-Mar-2027). From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Money Market Fund or Nippon India Money Market Fund?
On SEBI's riskometer, JioBlackRock Money Market Fund is rated Low to Moderate and Nippon India Money Market Fund Moderate. Over 1 years, the standard deviation of daily returns was 0.53% and 0.53% a year.
Can I invest in both JioBlackRock Money Market Fund and Nippon India Money Market Fund?
Yes. 16.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JioBlackRock Money Market Fund and Nippon India Money Market Fund?
JioBlackRock Money Market Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb. Nippon India Money Market Fund: Vikash Agarwal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.