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Fund Overview

Fund Size

Fund Size

₹17,436 Cr

Expense Ratio

Expense Ratio

0.16%

ISIN

ISIN

INF846K01Q62

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

06 Aug 2019

About this fund

Axis Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 4 months and 6 days, having been launched on 06-Aug-19.
As of 10-Dec-24, it has a Net Asset Value (NAV) of ₹1382.00, Assets Under Management (AUM) of 17436.29 Crores, and an expense ratio of 0.16%.
  • Axis Money Market Fund Direct Growth has given a CAGR return of 6.24% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 9.42% in debts, and 90.42% in cash & cash equivalents.
  • You can start investing in Axis Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.98%

+6.90% (Cat Avg.)

3 Years

+6.73%

+6.06% (Cat Avg.)

5 Years

+6.11%

+5.47% (Cat Avg.)

Since Inception

+6.24%

(Cat Avg.)

Portfolio Summaryas of 30th November 2024

Debt1,643.26 Cr9.42%
Others15,793.03 Cr90.58%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Hdfc Bank Limited (19/09/2025)Cash611.38 Cr3.54%
Clearing Corporation Of India LtdCash - Repurchase Agreement515.1 Cr2.98%
Small Industries Dev Bank Of India (09/10/2025)Cash491.72 Cr2.85%
Canara Bank (11/03/2025)Cash488.92 Cr2.83%
Punjab National Bank (06/02/2025)Cash344.46 Cr2.00%
Canara Bank (28/02/2025)Cash342.98 Cr1.99%
Bank Of Baroda (23/05/2025)Cash337.19 Cr1.95%
Hdfc Bank Limited (15/09/2025)Cash329.46 Cr1.91%
Union Bank Of India (25/02/2025)Cash318.66 Cr1.85%
Bank Of India (25/02/2025)Cash318.64 Cr1.85%
Small Industries Dev Bank Of India (26/06/2025) **Cash310.92 Cr1.80%
182 DTB 18102024Bond - Gov't/Treasury294.24 Cr1.70%
National Bank For Agriculture And Rural Development (26/02/2025)Cash294.08 Cr1.70%
Bank Of Baroda (03/03/2025)Cash293.82 Cr1.70%
Bharti Telecom Limited (19/09/2025) **Cash280.52 Cr1.63%
Hdfc Bank Limited (04/11/2025)Cash279.56 Cr1.62%
Icici Securities Limited (28/01/2025) **Cash246.3 Cr1.43%
Bank Of Baroda (07/02/2025)Cash246 Cr1.43%
Kotak Securities Limited (14/03/2025) **Cash243.97 Cr1.41%
Punjab National Bank (15/05/2025)Cash241.19 Cr1.40%
Indian Bank (23/05/2025)Cash240.79 Cr1.39%
Idfc First Bank Limited (27/05/2025)Cash240.51 Cr1.39%
Idfc First Bank Limited (04/06/2025)Cash240.13 Cr1.39%
Punjab National Bank (25/02/2025)Cash220.61 Cr1.28%
Hdfc Bank Limited (06/03/2025)Cash220.23 Cr1.28%
Punjab National Bank (07/02/2025)Cash196.79 Cr1.14%
India (Republic of)Bond - Short-term Government Bills196.66 Cr1.14%
Indusind Bank Limited (24/02/2025)Cash196.13 Cr1.14%
Small Industries Dev Bank Of India (27/02/2025)Cash196.03 Cr1.14%
Icici Securities Limited (14/03/2025) **Cash195.19 Cr1.13%
Bank Of Baroda (05/05/2025)Cash193.36 Cr1.12%
Small Industries Dev Bank Of India (28/05/2025) **Cash192.43 Cr1.11%
Hdfc Bank Limited (02/06/2025)Cash192.26 Cr1.11%
Indusind Bank Limited (05/06/2025)Cash192.07 Cr1.11%
364 DTB 23-Oct-2025Bond - Gov't/Treasury188.43 Cr1.09%
Small Industries Dev Bank Of India (07/11/2025)Cash186.25 Cr1.08%
Bharti Telecom Limited (17/10/2025)Cash185.84 Cr1.08%
The Federal Bank Limited (11/03/2025)Cash171.09 Cr0.99%
07.89 GJ Sdl 2025Bond - Gov't/Treasury150.91 Cr0.87%
08.03 GJ Sdl 2025Bond - Gov't/Treasury146.91 Cr0.85%
Punjab National Bank (11/03/2025)Cash146.68 Cr0.85%
Infina Finance Private Limited (05/03/2025) **Cash146.57 Cr0.85%
National Bank For Agriculture And Rural Development (18/03/2025)Cash146.46 Cr0.85%
08.25 MH Sdl 2025Bond - Gov't/Treasury141.08 Cr0.82%
364 DTB 13022025Bond - Gov't/Treasury132.91 Cr0.77%
Canara Bank (16/01/2025)Cash123.53 Cr0.72%
Small Industries Dev Bank Of India (16/01/2025)Cash123.52 Cr0.72%
Idfc First Bank Limited (21/02/2025)Cash122.65 Cr0.71%
Kotak Mahindra Bank Limited (07/03/2025)Cash122.33 Cr0.71%
Union Bank Of India (26/03/2025)Cash121.87 Cr0.71%
Infina Finance Private Limited (21/03/2025) **Cash116.86 Cr0.68%
06.03 RJ Sdl 2025Bond - Gov't/Treasury99.82 Cr0.58%
182 DTB 05122024Bond - Gov't/Treasury99.67 Cr0.58%
05.89 AP Sdl 2025Bond - Gov't/Treasury99.67 Cr0.58%
182 Day T-Bill 19.12.24Bond - Gov't/Treasury99.42 Cr0.58%
364 DTB 02052024Bond - Gov't/Treasury98.82 Cr0.57%
364 DTBBond - Gov't/Treasury98.21 Cr0.57%
Indusind Bank Limited (18/02/2025)Cash98.18 Cr0.57%
Kotak Mahindra Bank Limited (20/02/2025)Cash98.15 Cr0.57%
Shriram Housing Finance Limited (13/02/2025) **Cash98.15 Cr0.57%
Indusind Bank Limited (25/02/2025)Cash98.04 Cr0.57%
Icici Securities Limited (21/02/2025) **Cash98.02 Cr0.57%
Piramal Enterprises Limited (14/02/2025) **Cash97.97 Cr0.57%
Icici Securities Limited (25/02/2025) **Cash97.94 Cr0.57%
Canara Bank (07/03/2025)Cash97.86 Cr0.57%
360 One Wam Limited (21/02/2025) **Cash97.82 Cr0.57%
Export Import Bank Of India (10/03/2025) **Cash97.8 Cr0.57%
Indian Bank (13/03/2025)Cash97.74 Cr0.57%
Tata Projects Limited (12/03/2025)Cash97.66 Cr0.57%
Lic Housing Finance Limited (18/03/2025) **Cash97.63 Cr0.57%
Infina Finance Private Limited (14/03/2025) **Cash97.53 Cr0.57%
360 One Prime Limited (07/03/2025) **Cash97.5 Cr0.56%
Piramal Capital & Housing Finance Limited (25/03/2025) **Cash97.1 Cr0.56%
Infina Finance Private Limited (06/05/2025) **Cash96.35 Cr0.56%
Piramal Capital & Housing Finance Limited (15/05/2025) **Cash95.93 Cr0.56%
Mindspace Business Parks Reit (06/06/2025) **Cash95.87 Cr0.56%
08.14 MH Sdl 2025Bond - Gov't/Treasury95.71 Cr0.55%
Phoenix Arc Pvt Limited (26/05/2025) **Cash95.4 Cr0.55%
Sundaram Home Finance Limited (28/08/2025) **Cash94.35 Cr0.55%
Standard Chartered Capital Limited (16/09/2025) **Cash93.72 Cr0.54%
Tata Capital Housing Finance Limited (10/10/2025) **Cash93.59 Cr0.54%
Icici Securities Limited (10/03/2025) **Cash87.91 Cr0.51%
Mankind Pharma Limited (17/10/2025) **Cash79.27 Cr0.46%
Icici Securities Limited (23/01/2025) **Cash73.97 Cr0.43%
Godrej Housing Finance Limited (17/02/2025) **Cash73.62 Cr0.43%
Godrej Finance Limited (17/02/2025) **Cash73.55 Cr0.43%
Union Bank Of India (27/02/2025)Cash73.51 Cr0.43%
National Bank For Agriculture And Rural Development (07/03/2025)Cash73.39 Cr0.43%
Bank Of Baroda (10/03/2025)Cash73.36 Cr0.42%
Birla Group Holdings Private Limited (13/03/2025) **Cash73.18 Cr0.42%
Motilal Oswal Financial Services Limited (09/06/2025) **Cash71.6 Cr0.41%
08.10 Wb SDL 2025Bond - Gov't/Treasury71.27 Cr0.41%
182 DTB 17012025Bond - Gov't/Treasury69.86 Cr0.40%
364 DTBBond - Gov't/Treasury59.36 Cr0.34%
National Bank For Agriculture And Rural Development (14/02/2025)Cash54.04 Cr0.31%
Union Bank Of India (17/01/2025)Cash49.4 Cr0.29%
Larsen & Toubro Limited (31/01/2025) **Cash49.26 Cr0.29%
Motilal Oswal Financial Services Limited (06/02/2025) **Cash49.14 Cr0.28%
Motilal Oswal Financial Services Limited (07/02/2025) **Cash49.13 Cr0.28%
Canara Bank (06/03/2025)Cash48.94 Cr0.28%
Bharti Telecom Limited (26/02/2025) **Cash48.92 Cr0.28%
Tata Projects Limited (05/03/2025)Cash48.9 Cr0.28%
Hdfc Bank Limited (12/03/2025)Cash48.88 Cr0.28%
Kotak Securities Limited (07/03/2025) **Cash48.86 Cr0.28%
Union Bank Of India (18/03/2025)Cash48.82 Cr0.28%
Canara Bank (20/03/2025)Cash48.81 Cr0.28%
Birla Group Holdings Private Limited (05/06/2025) **Cash47.88 Cr0.28%
The Federal Bank Limited (09/09/2025)Cash47.1 Cr0.27%
08.27 HR Sdl 2025Bond - Gov't/Treasury45.35 Cr0.26%
08.10 Tn SDL 2025Bond - Gov't/Treasury35.16 Cr0.20%
Jm Financial Services Limited (15/01/2025) **Cash34.52 Cr0.20%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End27.37 Cr0.16%
08.07 GJ Sdl 2025Bond - Gov't/Treasury26.08 Cr0.15%
08.20 Up SDL 2025Bond - Gov't/Treasury25.21 Cr0.15%
08.29 RJ Sdl 2025Bond - Gov't/Treasury25.19 Cr0.15%
Hdfc Bank Limited (28/01/2025)Cash24.65 Cr0.14%
Birla Group Holdings Private Limited (03/02/2025) **Cash24.59 Cr0.14%
Birla Group Holdings Private Limited (05/02/2025)Cash24.58 Cr0.14%
Union Bank Of India (21/02/2025)Cash24.53 Cr0.14%
Aditya Birla Finance Limited (25/02/2025) **Cash24.49 Cr0.14%
Julius Baer Capital India Pvt Ltd (27/02/2025) **Cash24.45 Cr0.14%
Pilani Investment And Industries Corporation Limited (20/03/2025) **Cash24.35 Cr0.14%
07.95 OIL SPL 2025Bond - Gov't Agency Debt20.03 Cr0.12%
08.09 KL Sdl 2025Bond - Gov't/Treasury15.07 Cr0.09%
08.07 Tn SDL 2025febBond - Gov't/Treasury15.05 Cr0.09%
08.06 RJ Sdl 2025Bond - Gov't/Treasury14.85 Cr0.09%
08.07 Tn SDL 2025Bond - Gov't/Treasury10.03 Cr0.06%
Indusind Bank Limited (23/01/2025)Cash9.87 Cr0.06%
08.05 MH Sdl 2025Bond - Gov't/Treasury5.01 Cr0.03%
364 DTB 28112024Bond - Gov't/Treasury4.99 Cr0.03%
Net Receivables / (Payables)Cash - Collateral-4.03 Cr0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash14,337.72 Cr83.06%
Bond - Gov't/Treasury2,168.29 Cr12.56%
Cash - Repurchase Agreement515.1 Cr2.98%
Bond - Short-term Government Bills196.66 Cr1.14%
Mutual Fund - Open End27.37 Cr0.16%
Bond - Gov't Agency Debt20.03 Cr0.12%
Cash - Collateral-4.03 Cr0.02%

Risk & Performance Ratios

Standard Deviation

This fund

0.51%

Cat. avg.

0.66%

Lower the better

Sharpe Ratio

This fund

1.51

Cat. avg.

-0.12

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.15

Higher the better

Fund Managers

Devang Shah

Devang Shah

Since August 2019

AP

Aditya Pagaria

Since August 2019

SJ

Sachin Jain

Since November 2021

Additional Scheme Detailsas of 30th November 2024

ISIN
INF846K01Q62
Expense Ratio
0.16%
Exit Load
No Charges
Fund Size
₹17,436 Cr
Age
5 years 4 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty Money Market TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Money Market Funds

Fund nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.8%0.0%₹1033.79 Cr7.1%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹182.68 Cr7.5%
Union Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹182.68 Cr6.7%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹101.63 Cr7.6%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹101.63 Cr7.4%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹23.97 Cr6.6%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹23.97 Cr6.1%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27482.52 Cr7.8%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹2458.17 Cr7.7%
HDFC Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27674.69 Cr7.7%

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,16,718 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹66.06 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹6053.69 Cr-
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%-8.1%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low to Moderate Risk

-0.0%-8.1%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹75.20 Cr8.6%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13044.53 Cr8.2%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹833.59 Cr29.5%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹457.49 Cr40.8%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹12854.88 Cr31.5%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹17436.29 Cr8.0%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.1%1.0%₹1615.65 Cr23.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1233.51 Cr37.6%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5999.76 Cr9.2%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹1334.37 Cr25.4%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹5591.95 Cr8.3%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.5%1.0%₹323.64 Cr21.5%
Axis Value Fund Direct Growth

Very High Risk

0.9%1.0%₹785.25 Cr39.2%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%0.0%₹141.52 Cr10.0%
Axis Gilt Fund Direct Growth

Moderate Risk

0.3%0.0%₹921.52 Cr11.6%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹33547.36 Cr22.6%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1602.20 Cr9.7%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹696.01 Cr22.4%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹13289.37 Cr24.5%
Axis Regular Saver Fund Direct Growth

Very High Risk

1.0%1.0%₹297.23 Cr11.3%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.5%1.0%₹1938.12 Cr9.9%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹36373.17 Cr26.3%
Axis Short Term Fund Direct Growth

Moderate Risk

0.4%0.0%₹9328.75 Cr9.0%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹33183.30 Cr7.5%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.0%1.0%₹1281.69 Cr22.8%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹30329.59 Cr38.8%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹6193.66 Cr8.1%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.0%1.0%₹1014.59 Cr16.1%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.8%1.0%₹2599.22 Cr25.4%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.3%0.0%₹413.12 Cr30.6%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹130.97 Cr37.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹31.75 Cr8.8%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹416.97 Cr9.2%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.4%0.0%₹6057.48 Cr8.0%
Axis Multicap Fund Direct Growth

Very High Risk

0.7%1.0%₹6807.34 Cr43.8%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹71.42 Cr9.3%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹276.44 Cr7.5%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.2%0.0%₹62.85 Cr24.3%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹303.16 Cr44.5%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low Risk

0.2%0.0%₹517.10 Cr7.7%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹522.11 Cr13.2%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹575.83 Cr18.4%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of Axis Money Market Fund Direct Growth, as of 10-Dec-2024, is ₹1382.00.
The fund has generated 7.98% over the last 1 year and 6.73% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 9.42% in bonds, and 90.42% in cash and cash equivalents.
The fund managers responsible for Axis Money Market Fund Direct Growth are:-
  1. Devang Shah
  2. Aditya Pagaria
  3. Sachin Jain