Axis Money Market Fund Direct Growth

Axis Money Market Fund Direct Growth

NAV as on 17-04-2025

₹ 1424.7

Inception Returns

6.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
72 people have invested ₹ 30.4L in Axis Money Market Fund Direct Growth in the last three months

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 Devang Shah, Aditya Pagaria, Sachin Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Money Market Fund Direct Growth has ₹14611 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Axis Money Market Fund Direct Growth has given a CAGR return of 6.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.15%, 7.33% and 6.28% respectively.

Holdings

Axis Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Canara Bank, National Bank For Agriculture And Rural Development, 364 DTB 18122025, Canara Bank, Bajaj Housing Finance 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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

Axis Money Market Fund Direct Growth Overview

Expense ratio0.16%
Benchmark
Nifty Money Market TR INR
AUM₹14611 Cr
Inception Date6 August, 2019
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
321.03%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (17-Apr-25)

Period
Axis Money Market Fund Direct Growth
Money Market Index
1M
1.2%
0.9%
3M
2.4%
1.8%
6M
4.2%
3.4%
1Y
8.2%
6.9%
3Y
7.3%
6.6%
5Y
6.3%
5.7%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Mar'25

Feb'25

Jan'25

Corporate
43.5%
Cash Equivalent
31.9%
Government
24.6%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 14.6K Cr
₹ 17.1K Cr
₹ 17.7K Cr
  • AUM of the fund stands at 14.6K Cr as of Mar'25
  • AUM decreased by 2.5K Cr between Mar'25 and Feb'25
Cash allocation has gone down from 86.2% to 76.8%
Cash allocation has gone down from 86.2% to 76.8%
Debt allocation has gone up from 13.6% to 22.9%
Debt allocation has gone up from 13.6% to 22.9%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
43%
Government
25%
Feb'25
Corporate
39%
Government
17%
  • Debt & Cash

Holdings
Weight%
1M Change
Canara Bank
Canara Bank
4.84%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.87%
0%
364 DTB 18122025
364 DTB 18122025
3.27%
0%
Canara Bank
Canara Bank
3.21%
100%
Bajaj Housing Finance Ltd.
Bajaj Housing Finance Ltd.
3.07%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis Money Market Fund Direct Growth
Axis Money Market Fund Direct Growth
8.15%
7.33%
6.28%
6.41%
Tata Money Market Fund Direct Plan Growth
Tata Money Market Fund Direct Plan Growth
8.21%
7.43%
6.42%
6.77%
HDFC Money Market Direct Plan Growth Option
HDFC Money Market Direct Plan Growth Option
8.09%
7.28%
6.31%
7.37%
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
8.08%
7.32%
6.34%
7.47%
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Devang Shah
Devang Shah
Fund Manager of Axis Money Market Fund Direct Growth, since 6 August 2019
Top funds managed
Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Money Market Fund Direct Growth, since 6 August 2019
Top funds managed
Sachin Jain
Sachin Jain
Fund Manager of Axis Money Market Fund Direct Growth, since 9 November 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Money Market Fund Direct Growth
7.33%
6.64%
Axis Overnight Fund Direct Growth
6.38%
--
Axis Liquid Fund Direct Plan Growth Option
6.93%
6.37%
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.42% return, outperforming this fund by 0.15% per annum.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.43% return, outperforming this fund by 0.11% per annum.
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In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.21% return, outperforming this fund by 0.06%.
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Over the last 1 year, this fund has decreased expense ratio by 5.9% moving from 0.17 to 0.16.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.16% which is lower than the category average expense ratio of 0.31%.
Insights icon
Over the last 1 month, this fund has experienced a 14.7% drop in AUM moving from 17.12K Cr to 14.61K Cr.

Axis Money Market Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.41% since inception which is more than its category average return of 5.57%
AUM size ₹14611 Cr

AUM size ₹14611 Cr

This fund has AUM of ₹14611 Cr which is more than its category average of ₹ 10184 Cr
Expense Ratio 0.16%

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.32%

Frequently Asked Questions for Axis Money Market Fund Direct Growth

The current NAV of Axis Money Market Fund Direct Growth is ₹1424.7 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Axis Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.2%
1.2%
6 Month Returns
4.21%
4.21%
1 Year Returns
8.15%
8.15%
3 Years Returns
23.63%
7.33%
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.
0.16% as on March 2025
₹14611 Cr as on March 2025
Canara Bank(4.84%), National Bank For Agriculture And Rural Development(3.87%), 364 DTB 18122025(3.27%), Canara Bank(3.21%), Bajaj Housing Finance Ltd.(3.07%) as on March 2025
Corporate(43.48%), Cash Equivalent(31.92%), Government(24.6%) as on March 2025
Yield to Maturity is 7.24 as on March 2025. 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 0.84 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Devang Shah, Aditya Pagaria, 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%