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Fund Overview

Fund Size

Fund Size

₹8,552 Cr

Expense Ratio

Expense Ratio

0.17%

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 4 years, 9 months and 14 days, having been launched on 06-Aug-19.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹1324.38, Assets Under Management (AUM) of 8551.93 Crores, and an expense ratio of 0.17%.
  • Axis Money Market Fund Direct Growth has given a CAGR return of 6.05% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 23.13% in debts, and 76.67% 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

+7.62%

+5.95% (Cat Avg.)

3 Years

+5.98%

+5.23% (Cat Avg.)

Since Inception

+6.05%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt1,978.45 Cr23.13%
Others6,573.48 Cr76.87%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Punjab National BankCash - CD/Time Deposit543.38 Cr6.35%
Clearing Corporation Of India LtdCash - Repurchase Agreement418.69 Cr4.90%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit282.24 Cr3.30%
India (Republic of)Bond - Short-term Government Bills268.45 Cr3.14%
Canara BankCash - CD/Time Deposit237.27 Cr2.77%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit236.12 Cr2.76%
Union Bank Of IndiaCash - CD/Time Deposit230.6 Cr2.70%
Bank Of BarodaCash - CD/Time Deposit192.89 Cr2.26%
India (Republic of)Bond - Short-term Government Bills189.23 Cr2.21%
The Federal Bank LimitedCash - CD/Time Deposit187.62 Cr2.19%
Standard Chartered Investments And Loans (India) LimitedCash - Commercial Paper170.78 Cr2.00%
India (Republic of)Bond - Short-term Government Bills152.34 Cr1.78%
The Federal Bank LimitedCash - CD/Time Deposit146.79 Cr1.72%
Small Industries Development Bank Of India**Cash - Commercial Paper146.08 Cr1.71%
HDFC Bank LimitedCash - CD/Time Deposit143.51 Cr1.68%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit143.16 Cr1.67%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit142.46 Cr1.67%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit142.29 Cr1.66%
Cholamandalam Investment & Finance Co Ltd.Cash - Commercial Paper142.06 Cr1.66%
Icici Securities LimitedCash - Commercial Paper141.52 Cr1.65%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit141.51 Cr1.65%
ICICI Bank Ltd.Bond - Corporate Bond141.27 Cr1.65%
IDFC First Bank Ltd.Bond - Corporate Bond141.19 Cr1.65%
Indusind Bank LimitedCash - CD/Time Deposit141.18 Cr1.65%
HDFC Bank LimitedCash - CD/Time Deposit141.1 Cr1.65%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit140.96 Cr1.65%
Bharti Telecom LimitedCash - Commercial Paper140.2 Cr1.64%
HDFC Securities LimitedCash - Commercial Paper98.2 Cr1.15%
Punjab National BankCash - CD/Time Deposit95.71 Cr1.12%
364 DTB 26122024Bond - Gov't/Treasury95.61 Cr1.12%
LIC Housing Finance LimitedCash - Commercial Paper95.42 Cr1.12%
India (Republic of)Bond - Short-term Government Bills95.09 Cr1.11%
HDFC Bank Ltd.Bond - Corporate Bond94.65 Cr1.11%
Punjab National BankBond - Gov't Agency Debt94.61 Cr1.11%
HDFC Bank LimitedCash - CD/Time Deposit94.53 Cr1.11%
India (Republic of)Bond - Short-term Government Bills94.49 Cr1.10%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit94.43 Cr1.10%
Barclays Investments & Loans (India) Private LimitedCash - Commercial Paper94.33 Cr1.10%
Icici Securities LimitedCash - Commercial Paper94.31 Cr1.10%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit94.25 Cr1.10%
Indusind Bank Ltd.Bond - Corporate Bond94.23 Cr1.10%
HDFC Bank Ltd.Bond - Corporate Bond94.22 Cr1.10%
Indusind Bank Ltd.Bond - Corporate Bond94.1 Cr1.10%
Birla Group Holdings Private LimitedCash - Commercial Paper94.02 Cr1.10%
Export-Import Bank of IndiaCash - Commercial Paper93.93 Cr1.10%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit93.91 Cr1.10%
Canara BankBond - Gov't Agency Debt93.91 Cr1.10%
Icici Securities LimitedCash - Commercial Paper93.88 Cr1.10%
Infina Finance Pvt Ltd.Cash - Commercial Paper93.86 Cr1.10%
LIC Housing Finance Ltd.Cash - Commercial Paper93.66 Cr1.10%
India (Republic of)Bond - Short-term Government Bills88.21 Cr1.03%
Phoenix Arc Private LimitedCash - Commercial Paper74.77 Cr0.87%
Godrej Housing Finance LimitedCash - Commercial Paper70.47 Cr0.82%
Godrej Finance Ltd.Cash - Commercial Paper70.33 Cr0.82%
Birla Group Holdings Private LimitedCash - Commercial Paper69.98 Cr0.82%
JM Financial Products LimitedCash - Commercial Paper49.29 Cr0.58%
Standard Chartered Investments And Loans (India) LimitedCash - Commercial Paper48.71 Cr0.57%
364 DTB 24102024Bond - Gov't/Treasury48.36 Cr0.57%
Bank Of BarodaCash - CD/Time Deposit48.3 Cr0.56%
Cholamandalam Investment & Finance Co Ltd.Cash - Commercial Paper48.15 Cr0.56%
The Federal Bank LimitedCash - CD/Time Deposit47.91 Cr0.56%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit47.79 Cr0.56%
Canara BankCash - CD/Time Deposit47.4 Cr0.55%
Tata Capital Housing Finance Ltd.Cash - Commercial Paper47.27 Cr0.55%
National Bank for Agriculture and Rural DevelopmentCash - CD/Time Deposit47.15 Cr0.55%
Motilal Oswal Financial Services LtdCash - Commercial Paper46.87 Cr0.55%
Motilal Oswal Financial Services LtdCash - Commercial Paper46.86 Cr0.55%
Hsbc Investdirect Financial Services (I)LtdCash - Commercial Paper39.24 Cr0.46%
JM Financial Services LimitedCash - Commercial Paper32.91 Cr0.38%
Net Receivables / (Payables)Cash-28.41 Cr0.33%
08.07 GJ Sdl 2025Bond - Gov't/Treasury26.17 Cr0.31%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit24.75 Cr0.29%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond24.27 Cr0.28%
Union Bank of IndiaBond - Gov't Agency Debt23.52 Cr0.28%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End16.89 Cr0.20%
08.07 Tn SDL 2025febBond - Gov't/Treasury15.1 Cr0.18%
Indusind Bank Ltd.Bond - Corporate Bond9.47 Cr0.11%
Interest Rate Swaps Pay Floating Receive Fix -Icisecpd (10/04/2025) (Fv 100Interest Rate Swap-0.04 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit3,929.21 Cr45.95%
Cash - Commercial Paper2,237.1 Cr26.16%
Bond - Short-term Government Bills887.81 Cr10.38%
Bond - Corporate Bond693.41 Cr8.11%
Cash - Repurchase Agreement418.69 Cr4.90%
Bond - Gov't Agency Debt212.04 Cr2.48%
Bond - Gov't/Treasury185.23 Cr2.17%
Cash-28.41 Cr0.33%
Mutual Fund - Open End16.89 Cr0.20%
Interest Rate Swap-0.04 Cr0.00%

Risk & Performance Ratios

Standard Deviation

This fund

0.56%

Cat. avg.

0.70%

Lower the better

Sharpe Ratio

This fund

1.22

Cat. avg.

-0.30

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.08

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 April 2024

ISININF846K01Q62Expense Ratio0.17%Exit LoadNo ChargesFund Size₹8,552 CrAge06 Aug 2019Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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

0.9%0.0%₹485.28 Cr6.6%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹168.68 Cr7.1%
Union Money Market Fund Regular Growth

Low to Moderate Risk

1.1%0.0%₹168.68 Cr6.3%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹96.02 Cr7.2%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹96.02 Cr7.0%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹20.44 Cr6.9%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹20.44 Cr6.5%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹17287.51 Cr7.5%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹1511.50 Cr7.4%
HDFC Money Market Fund Regular Growth

Moderate Risk

0.3%0.0%₹21260.52 Cr7.4%

About the AMC

Total AUM

₹2,79,542 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%₹96.79 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹4683.25 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%-6.9%
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%-6.7%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹77.96 Cr6.9%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13655.95 Cr6.7%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹880.21 Cr25.4%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹293.15 Cr72.5%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹5310.41 Cr33.3%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹8551.93 Cr7.6%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.0%1.0%₹1588.78 Cr21.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.2%1.0%₹1216.85 Cr37.6%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5336.26 Cr7.3%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.2%1.0%₹1362.05 Cr31.0%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹4177.79 Cr8.3%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.6%1.0%₹146.76 Cr4.4%
Axis Value Fund Direct Growth

Very High Risk

1.1%1.0%₹531.98 Cr50.7%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%1.0%₹172.61 Cr7.0%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹328.09 Cr7.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹33351.61 Cr28.6%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1713.46 Cr6.4%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹482.60 Cr20.0%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹13893.00 Cr26.7%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.8%1.0%₹336.50 Cr10.0%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.3%1.0%₹1970.65 Cr7.6%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹35641.94 Cr31.8%
Axis Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹7944.42 Cr7.1%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹32647.93 Cr7.3%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.3%1.0%₹1202.42 Cr21.1%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹26636.78 Cr45.2%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5464.57 Cr7.5%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.1%1.0%₹907.89 Cr18.7%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.9%1.0%₹2123.94 Cr26.9%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.2%0.0%₹280.68 Cr56.8%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹105.45 Cr-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹34.01 Cr6.6%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹460.54 Cr7.6%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹4651.04 Cr7.6%
Axis Multicap Fund Direct Growth

Very High Risk

0.7%1.0%₹5310.41 Cr50.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹68.60 Cr6.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹291.83 Cr6.6%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.1%0.0%₹37.60 Cr18.8%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹165.80 Cr64.7%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹541.26 Cr7.0%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹249.29 Cr6.8%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹449.43 Cr24.6%

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 17-May-2024, is ₹1324.38.
The fund has generated 7.62% over the last 1 year and 5.98% 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, 23.13% in bonds, and 76.67% 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