SEEMOUS 2008 Problem 3

Let $\mathcal M_n(\mathbb R)$ denote the set of all real $n\times n$ matrices. Find all surjective functions $f:\mathcal M_n(\mathbb R)\to\{0,1,\ldots,n\}$ which satisfy $$f(XY)\le\min\{f(X),f(Y)\}$$ for all $X,Y\in\mathcal M_n(\mathbb R)$ .