Axis Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 1324.38 as on 17-05-2024
About the Fund
Axis Money Market Fund Direct Growth is a debt fund. This fund was started on 6 August, 2019. The fund is managed by Aditya Pagaria, Devang Shah, Sachin Jain. This fund is suitable to keep your money safe.
Key Parameters
- Axis Money Market Fund Direct Growth has ₹8552 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.
Fund Performance
49 people have invested ₹ 35.3Cr in Axis Money Market Fund Direct Growth in the last three months
Overview
 | 0.17% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹8552 Cr |
 | 6 August, 2019 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 398.35% |
Axis Money Market Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
48.8%
Cash Equivalent
38.7%
Government
12.5%
Top Holdings of Axis Money Market Fund Direct Growth as on (30-Apr-24)
Debt Holdings69
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Punjab National Bank | 6.35% | 76.9% | |
National Bank For Agriculture And Rural Development | 3.3% | 20% | |
Canara Bank | 2.77% | 0% | |
Small Industries Development Bank Of India | 2.76% | 0% | |
Union Bank Of India | 2.7% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 8.6K Cr as of Apr'24
- AUM increased by 1.3K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Aditya Pagaria
Fund Manager of Axis Money Market Fund Direct Growth, since 6 August 2019
Top funds managed
Devang Shah
Fund Manager of Axis Money Market Fund Direct Growth, since 6 August 2019
Top funds managed
Sachin Jain
Fund Manager of Axis Money Market Fund Direct Growth, since 9 November 2021
Top funds managed
Axis Money Market Fund Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.05% since inception which is more than its category average return of 4.96%
AUM size ₹8552 Cr
This fund has AUM of ₹8552 Cr which is more than its category average of ₹ 6891 Cr
Expense Ratio 0.17%
This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of Axis Money Market Fund Direct Growth is ₹1324.38 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
Axis Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 3.89% | 3.89% |
1 Year Returns | 7.63% | 7.63% |
3 Years Returns | 19.05% | 5.98% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.17% as on April 2024
₹8552 Cr as on April 2024
Punjab National Bank(6.35%), National Bank For Agriculture And Rural Development(3.3%), Canara Bank(2.77%), Small Industries Development Bank Of India(2.76%), Union Bank Of India(2.7%) as on April 2024
Corporate(48.76%), Cash Equivalent(38.71%), Government(12.53%) as on April 2024
Yield to Maturity is 7.58 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.67 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Aditya Pagaria, Devang Shah, Sachin Jain are the fund managers of Axis Money Market Fund Direct Growth
The Exit load of Axis Money Market Fund Direct Growth is 0%