Axis Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 17-01-2025
₹ 1391.7
Inception Returns
6.3%
/yr
About Axis Money Market Fund Direct Growth
Axis Money Market Fund Direct Growth is a debt fund. This fund was started on 6 August, 2019. The fund is managed by Sachin Jain, Aditya Pagaria, Devang Shah. This fund is suitable to keep your money safe.
Key Parameters
- Axis Money Market Fund Direct Growth has ₹15464 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Money Market Fund Direct Growth has given a CAGR return of 6.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.85%, 6.82% and 6.13% respectively.
Holdings
Axis Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Export-Import Bank Of India, HDFC Bank Limited, Small Industries Development Bank Of India, Bank Of Baroda, HDFC Bank Ltd.
Taxation
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Axis Money Market Fund Direct Growth
To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Money Market Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Money Market Fund Direct Growth Overview
| Expense ratio | 0.16% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹15464 Cr |
| Inception Date | 6 August, 2019 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 321.03% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (17-Jan-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 15.5K Cr as of Dec'24
- AUM decreased by 1.8K Cr between Dec'24 and Nov'24
Top 2 Sectors in December were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Export-Import Bank Of India | 4.39% | 0% | |
HDFC Bank Limited | 3.83% | 0% | |
Small Industries Development Bank Of India | 3.21% | 100% | |
Bank Of Baroda | 2.2% | 0% | |
HDFC Bank Ltd. | 2.15% | 100% |
Mutual Fund Insights
Axis Money Market Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹15464 Cr
Expense Ratio 0.16%
Frequently Asked Questions for Axis Money Market Fund Direct Growth
Axis Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.75% | 3.75% |
1 Year Returns | 7.85% | 7.85% |
3 Years Returns | 21.9% | 6.82% |
5 Years Returns | 34.64% | 6.13% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |