Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs Sundaram Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund and Sundaram Money Market Fund is a Money Market fund. Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.11% a year and Sundaram Money Market Fund 0.20% (Direct plans). Their portfolios overlap 18.3%: they hold 6 of the same securities.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- Expense ratio
- 0.11%
- NAV
- ₹10.45
Which is better, Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index or Sundaram 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 CRISIL-IBX Financial Services 3-6 Months Debt Index costs less: 0.11% a year against 0.20% (Direct plans).
- Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index fell less in its worst fall since 13-03-2026: −0.1% against −0.1%.
- Sundaram Money Market is the larger fund: ₹1,338 Cr against ₹260 Cr.
- Their portfolios overlap 18.3%: 6 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 | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Sundaram Money Market Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Sundaram Mutual Fund |
| Category | Not available | Money Market |
| AUM | ₹260 Cr (30-09-2026) | ₹1,338 Cr (30-09-2026) |
| NAV | ₹10.45 (Direct) | ₹16.42 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.20% |
| Expense ratio (Regular) | 0.22% | 0.38% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | NIFTY Money Market Index A-I |
| Launch date | Not available | 26-09-2018 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sandeep Agarwal, Kumaresh Ramakrishnan |
| Exit load | Not available | NIL |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | +0.32% | +1.49% | +3.35% | -- | -- | -- | -- |
| Sundaram Money Market Fund (Direct) | +0.35% | +1.53% | +3.37% | +6.35% | +7.21% | +6.57% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | -- |
Category average: the average of the 27 Money Market funds, same plan type.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram Money Market: Year-wise Returns
| Year | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt IndexNippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | Sundaram Money MarketSundaram Money Market |
|---|---|---|
| 2026to date | -- | +5.27% |
| 2025 | -- | +7.53% |
| 2024 | -- | +7.62% |
| 2023 | -- | +7.12% |
| 2022 | -- | +4.72% |
| 2021 | -- | +3.45% |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram Money Market: Rolling Returns
Every holding period of both funds
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | Sundaram Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +6.31% |
| Standard deviation | 0.49% | 0.46% |
| Sharpe ratio | 4.06 | 2.32 |
| Sortino ratio | 7.01 | 4.66 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.7% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 13-03-2026 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.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
Sundaram Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | −0.1% | 13-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| Sundaram Money Market Fund (Direct) | −0.1% | 11-05-2026 | 22-05-2026 | 29-05-2026 | 7 days | 0.0% |
From daily values since 13-03-2026, the first day every fund has.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, September 2026; Sundaram Money Market Fund, September 2026
Holdings in common
- Overlap
- 18.3%
- Held by both
- 6
- Only in Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index
- 13
- Only in Sundaram Money Market
- 30
| Security | % of Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | % of Sundaram Money Market |
|---|---|---|
| LIC Housing Finance Limited | 3.75% | 5.83% |
| Kotak Mahindra Bank Limited | 3.74% | 3.63% |
| HDFC Bank Limited | 3.74% | 3.63% |
| National Bank For Agriculture and Rural Development | 9.32% | 3.62% |
| Punjab National Bank | 1.88% | 4.75% |
| Punjab National Bank | 1.88% | 1.83% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.3% means 18.3% 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 Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| Aditya Birla Capital Limited | 13.13% |
| 7.73% LIC Housing Finance Limited | 9.63% |
| 8.04% Bajaj Housing Finance Limited | 9.63% |
| Small Industries Dev Bank of India | 9.36% |
| Mahindra & Mahindra Financial Services Limited | 9.35% |
Largest holdings only in Sundaram Money Market Fund
| Security | % of fund |
|---|---|
| The Federal Bank Ltd - 29/01/2027 | 5.48% |
| Canara Bank - 26/02/2027 | 4.36% |
| Embassy Office Parks REIT - 12/03/2027 | 3.98% |
| IDFC First Bank Ltd - 04/02/2027 | 3.65% |
| Canara Bank - 10/02/2027 | 3.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | Sundaram Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 88.4% |
| Cash and others | 1.5% | 11.6% |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs Sundaram Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Sundaram Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.20% |
| Base expense ratio (Direct) | 0.08% | 0.16% |
| Total expense ratio (Regular) | 0.22% | 0.38% |
| Base expense ratio (Regular) | 0.18% | 0.32% |
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
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs Sundaram Money Market Fund: Frequently Asked Questions
What is the difference between Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and Sundaram Money Market Fund?
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund, Sundaram Money Market Fund is a Money Market fund, run by Nippon India Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 18.3%. Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.11% a year and Sundaram Money Market Fund 0.20%.
Which has the lower expense ratio, Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund or Sundaram Money Market Fund?
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges less: 0.11% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and Sundaram Money Market Fund overlap?
18.3%. They hold 6 of the same securities, the largest shared ones being LIC Housing Finance Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited. From each fund's latest monthly portfolio.
Can I invest in both Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and Sundaram Money Market Fund?
Yes. 18.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.