Hidden risk is like a ticking bomb in your portfolio.
Control the damage before it's too late!
FREE Portfolio Health Check Available on ET Money app
Get a free quote
Scan the QR Code to download the ET Money app
- To scan the QR code you can use a QR code scanner app or your smartphone camera using Google lens.
- After downloading the app, explore our products to help you live your choices.
Mutual Funds
Genius
Insurance
Calculators
Great! You have sucessfully subscribed for newsletters for investments
Subscribed email:
Prudential Technology Bluechip FundFind out how much and how long you should invest in it to suit your overall portfolio
Knowing this helps you control risk in your portfolio
Your investor personality Adventurer
You confirm that you have seen and understood your investor personality by entering the OTP.
Enter OTP to acknowledge
OTP sent to
Axis Money Market Fund Direct - Growth
NAV as of(Aug 11, 2023)
₹ 1,251.46 0.0 % 1-D Change
Returns 
5.69% p.a.
You get upto 0.15%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 0.21% As on Jan 31, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 7,187 Crs |
| Lock-in | No Lockin |
| Age | 4 yrs Since Jul 26, 2019 |
| Benchmark | NIFTY Money Market Index B-I |
| Min. Investment | SIP ₹1000 & Lumpsum ₹5000 |
About Axis Money Market Fund
Axis Money Market Fund Direct - Growth is a Money Market mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 4 yrs, having been launched on 26/07/2019. Axis Money Market Fund Direct - Growth has ₹7,187 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.21%, which is close to what most other Money Market funds charge.
.....- Axis Money Market Fund Direct - Growth returns of last 1-year are 7.11%. Since launch, it has delivered 5.74% average annual returns.
- Axis Money Market Fund Direct - Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
- The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The fund's top holdings are in HDFC Bank Ltd., Small Industries Devp. Bank of India Ltd., Kotak Mahindra Bank Ltd., Reserve Bank of India, ICICI Bank Ltd..
Investment Returns Calculator
of
for
Invested
Profit
| Total value | Profit | ||
|---|---|---|---|
This fund | |||
Category Average | |||
Bank FD | |||
Gold |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jan 31, 2023Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Market Cap
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Allocation by Sector
Bifurcation by Sector is not available for this fund
Top Debt Holdings
HDFC Bank Ltd. 9.76%
Small Industries Devp. Bank of India Ltd. 9.61%
Others 9.19%
Kotak Mahindra Bank Ltd. 8.97%
Allocation by Credit Quality
A1+ 77.77%
SOV 15.24%
Cash & Call Money 7%
Allocation by Instruments
Commercial Paper 39.08%
Certificate of Deposit 38.69%
CBLO 9.19%
Treasury Bills 8.77%
Other Holdings
Bifurcation by Holding is not available for this fund
Comparison with money market Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Tata Money Market Fund | 5.23% | ||
| Aditya Birla Sun Life Money Manager Fund | 5.13% | ||
| Nippon India Money Market Fund | 5.1% | ||
| Axis Money Market Fund | 5.08% | ||
| UTI Money Market Fund | 5.06% | ||
| HDFC Money Market Fund | 5.05% |
Trailing Returns and Ranks
as on Mar 01, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.49% | 0.49% |
| 3 months | 1.76% | 1.73% |
| 6 months | 3.81% | 3.72% |
| 1 year | 7% | 6.82% |
| 3 years | 5.08% | 4.92% |
Riskometer
Level of Risk in the Scheme
Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.
Axis Money Market Fund
DEBT MONEY MARKET
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
- Std. Dev : 0.51
- Alpha : 2.67
- Beta : 1.25
- Sharpe : 1.43
- Sortino : 3.05
Devang Shah
Mr. Shah is B.Com and ACA.
Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Aditya Pagaria
Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
Sachin Jain
Mr. Jain is a B.Tech, AGMP (Management)
Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Axis Mutual Fund
TOTAL AUM:
₹2,48,980 Crs
As on Jun 30, 2023
- Phone: 022-24255161
- Address: "Axis House" - 1st Floor,
C-2 - Wadia International Centre,
Pandurang Budhkar Marg , Worli,
Mumbai, 400025
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of Axis Money Market Fund ?
The Axis Money Market Fund is a 4 yrs old fund and has delivered average annual returns of 5.69% since inception.
Axis Money Market Fund Returns
| 1-Year | 3-Year | Since Inception |
|---|---|---|
| 7.0% | 5.08% | 5.69% |
What is the current NAV of Axis Money Market Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Axis Money Market Fund for Aug 11, 2023 is 1,251.46.
Should I invest in Axis Money Market Fund?
Axis Money Market Fund has an ET Money Rank of # 3 of 18 and a consistency rating of 5.
This indicates the fund has not only delivered solid returns in the past but has done so with exceptional consistency. All this means Axis Money Market Fund can be a good addition to your portfolio.
How do I invest in Axis Money Market Fund?
On ET Money, Investing in Axis Money Market Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in Axis Money Market Fund is done.
How much does Axis Money Market Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Axis Money Market Fund is 0.21%. .
How can I redeem my investments in Axis Money Market Fund?
Redeeming your investments in Axis Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Axis Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of Axis Money Market Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Axis Money Market Fund is ₹7,187 Crs.
What is the quality of borrowers Axis Money Market Fund lends to?
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Axis Money Market Fund allocation by credit quality is given below
| Credit Quality | Percentage of Portfolio |
| A1+ | 77.77% |
| SOV | 15.24% |
| Cash & Call Money | 7% |
To whom does Axis Money Market Fund lend to?
The top 3 debt holdings of Axis Money Market Fund are as follows
| Holding Name | Percentage of Portfolio |
| HDFC Bank Ltd. | 9.76% |
| Small Industries Devp. Bank of India Ltd. | 9.61% |
| Others | 9.19% |