MyWealthGrowth.com logo
HomeMutual Funds

Axis Money Market Fund

Axis Money Market Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

3.56

as on 24 May 2022

1 Year

Investment of ₹ 10,000 in this fund 1 Year back would be ₹ 10,355 today.

Invest Now

NAV Performance

Axis Money Market Fund performance graph for last 3 years
Performance of Axis Money Market Fund for last 3 Years

Fund Information

  • ₹ 1,149.973

    as on 24 May 2022
  • Regular - Growth

  • -

  • ₹ 5,000

  • ₹ 3,480 Cr.

    as on 31 Dec 2021
  • 0.35%

  • 06 Aug 2019

  • Debt - Money Market Fund

  • CRISIL 10 Year Gilt Index

  • Axis Mutual Fund

    Show All Funds

Highlights of this fund

Axis Money Market Fund is an Open-ended Debt Fund. The fund belongs to Money Market Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 06 Aug 2019. This fund is offered by one of the top AMC (Assets Management Company) Axis Mutual Fund. You can also view here all other Debt funds offered by Axis Mutual Fund.

Latest NAV of the fund is ₹ 1,149.973 as on 24 May 2022.

This fund has 2 years of track record. Since 31 Oct 2021 expense ratio of this fund is 0.35%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.

Fund Objective

To generate regular income through investment in a portfolio comprising of money market instruments.

List of Fund Managers of Axis Money Market Fund

  • About Sachin Jain

    Picture of Sachin  Jain
  • About Devang Shah

    Picture of Devang ShahDevang Shah is the Deputy Head - Fixed Income at Axis AMC. His core responsibilities include managing top quartile performance for all funds along with managing client relationship. Devang joined Axis AMC on October 2012 as a Fund Manager and was promoted to Deputy Head in June 2018. He has been actively involved in the ideation, sourcing and investment strategy for fixed income funds. Prior to this, Devang was working with ICICI Prudential AMC as a Fund Manager from April 2008 till October 2012. His primary responsibilities include – 1. Analysing domestic fixed income markets, provide views on interest rate, credit environment & domestic monetary aggregates 2. Managing portfolio and trading in Debt & Money Market Instruments 3. Analysing various credit structures (LAS, ABS Pools, LAP) and credit exposures for the fund house. He has also worked with Deutsche AMC and PwC in past.
  • About Aditya Pagaria

    Picture of Aditya PagariaMr. 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.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderate Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.15% 0.25% 0.83% 1.80% 3.88% 13.52% 6.26% 6.67% 8.46% 3.57% 4.84% 7.85% 5.58% 6.70%
Category Average 0.09% 0.00% 0.61% 1.51% 3.29% 4.28% 5.07% 5.89% 6.95% 3.04% 3.41% 4.32% 5.11% 6.24%
Axis Money Market Fund 0.11%₹ 10,010 0.04%₹ 10,003 0.69%₹ 10,069 1.68%₹ 10,168 3.56%₹ 10,355 3.36%₹ 12,216 4.00%₹ 10,817 3.63%₹ 24,910 - - - - - -
UTI Money Market Fund 0.10%₹ 10,010 0.08%₹ 10,007 0.77%₹ 10,077 1.76%₹ 10,176 3.64%₹ 10,364 3.50%₹ 12,225 4.05%₹ 10,829 3.71%₹ 24,930 5.23%₹ 11,653 4.35%₹ 38,462 6.17%₹ 13,492 5.42%₹ 68,803 7.33%₹ 20,295 6.56%₹ 1,68,133
Nippon India Money Market Fund 0.10%₹ 10,009 0.10%₹ 10,009 0.76%₹ 10,076 1.80%₹ 10,179 3.70%₹ 10,369 3.57%₹ 12,230 4.04%₹ 10,826 3.75%₹ 24,941 5.26%₹ 11,665 4.38%₹ 38,479 6.21%₹ 13,515 5.46%₹ 68,879 7.34%₹ 20,315 6.58%₹ 1,68,301
Aditya Birla Sun Life Money Manager Fund 0.10%₹ 10,009 -0.01%₹ 9,998 0.66%₹ 10,065 1.67%₹ 10,166 3.58%₹ 10,358 3.34%₹ 12,215 4.15%₹ 10,849 3.68%₹ 24,923 5.45%₹ 11,726 4.47%₹ 38,531 6.33%₹ 13,597 5.58%₹ 69,086 7.46%₹ 20,532 6.70%₹ 1,69,366
SBI Savings Fund 0.09%₹ 10,008 -0.03%₹ 9,996 0.57%₹ 10,056 1.44%₹ 10,143 3.09%₹ 10,308 2.88%₹ 12,185 3.64%₹ 10,742 3.19%₹ 24,800 4.87%₹ 11,535 3.89%₹ 38,200 5.69%₹ 13,189 4.96%₹ 68,010 7.14%₹ 19,931 6.26%₹ 1,65,529
ICICI Prudential Money Market Fund 0.10%₹ 10,009 0.03%₹ 10,002 0.70%₹ 10,069 1.60%₹ 10,160 3.47%₹ 10,347 3.27%₹ 12,210 3.95%₹ 10,808 3.55%₹ 24,890 5.23%₹ 11,652 4.29%₹ 38,427 6.12%₹ 13,461 5.37%₹ 68,715 7.30%₹ 20,245 6.52%₹ 1,67,793

Portfolio Holdings

Portfolio holdings pattern of Axis Money Market Fund as on 25 May 2022 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    85.72%
  • Others Holdings:

    14.28%

Top Debt Instrument Type holdings of Axis Money Market Fund

Instrument TypeHolding PercentageHolding Values in Crore
CP 62.56% ₹ 2,198.90 Cr.
CD 17.80% ₹ 625.96 Cr.
T-Bills 2.79% ₹ 98.10 Cr.
GOI 2.57% ₹ 90.50 Cr.
Others 14.28% -

Top Debt Holdings of Axis Money Market Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Reliance Retail Ventures Ltd. 9.18% ₹ 322.84 Cr.
Bond - Export Import Bank Of India 5.64% ₹ 198.23 Cr.
Bond - Bank Of Baroda 5.63% ₹ 197.89 Cr.
Bond - ICICI Securities Ltd. 4.21% ₹ 148.04 Cr.
Bond - Sikka Ports & Terminals Ltd. 4.20% ₹ 147.67 Cr.
Others 71.14%

Other Holdings

Holding TypeHolding Percentage
TREPS 16.85%
Interest Rate Swaps 0.00%
Net Receivables -2.57%