Fund Performance
Lumpsum
SIP
5.01
as on 29 Mar 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,581 today.
NAV Performance
Fund Information
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₹ 1,209.472
as on 29 Mar 2023 -
Regular - Growth
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-
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₹ 5,000
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₹ 3,480 Cr.
as on 31 Dec 2021 -
0.35%
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06 Aug 2019
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CRISIL 10 Year Gilt Index
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Axis Mutual Fund
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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 ₹ 1,209.472 as on 29 Mar 2023.
This fund has 3 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
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About Sachin Jain
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About Devang Shah
Devang 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.
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About 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.
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 | 0.20% | 0.67% | 1.75% | 3.45% | 5.67% | 5.65% | 10.88% | 6.67% | 8.46% | 6.44% | 5.43% | 5.81% | 5.54% | 6.50% |
| Category Average | 0.17% | 0.61% | 1.61% | 3.17% | 5.13% | 4.47% | 5.08% | 5.78% | 6.71% | 6.06% | 5.00% | 4.71% | 5.14% | 6.09% |
| Axis Money Market Fund | 0.18%₹ 10,018 | 0.65%₹ 10,065 | 1.72%₹ 10,171 | 3.37%₹ 10,337 | 5.48%₹ 10,547 | 6.30%₹ 12,403 | 4.68%₹ 10,961 | 5.27%₹ 25,326 | 5.01%₹ 11,581 | 4.91%₹ 38,789 | - | - | - | - |
| UTI Money Market Fund | 0.17%₹ 10,017 | 0.64%₹ 10,064 | 1.74%₹ 10,173 | 3.43%₹ 10,342 | 5.62%₹ 10,561 | 6.42%₹ 12,411 | 4.76%₹ 10,978 | 5.38%₹ 25,353 | 5.03%₹ 11,590 | 5.00%₹ 38,837 | 6.08%₹ 13,431 | 5.42%₹ 68,798 | 7.09%₹ 19,841 | 6.37%₹ 1,66,441 |
| Nippon India Money Market Fund | 0.16%₹ 10,016 | 0.65%₹ 10,065 | 1.74%₹ 10,174 | 3.42%₹ 10,342 | 5.67%₹ 10,566 | 6.44%₹ 12,412 | 4.79%₹ 10,984 | 5.43%₹ 25,364 | 5.03%₹ 11,587 | 5.03%₹ 38,857 | 6.13%₹ 13,468 | 5.46%₹ 68,869 | 7.10%₹ 19,874 | 6.39%₹ 1,66,652 |
| Aditya Birla Sun Life Money Manager Fund | 0.19%₹ 10,018 | 0.67%₹ 10,066 | 1.75%₹ 10,175 | 3.45%₹ 10,345 | 5.57%₹ 10,556 | 6.44%₹ 12,411 | 4.77%₹ 10,979 | 5.37%₹ 25,349 | 5.16%₹ 11,633 | 5.02%₹ 38,850 | 6.24%₹ 13,539 | 5.54%₹ 69,010 | 7.21%₹ 20,076 | 6.50%₹ 1,67,560 |
| SBI Savings Fund | 0.17%₹ 10,017 | 0.62%₹ 10,061 | 1.62%₹ 10,162 | 3.18%₹ 10,317 | 5.02%₹ 10,501 | 5.88%₹ 12,376 | 4.22%₹ 10,866 | 4.83%₹ 25,213 | 4.54%₹ 11,427 | 4.48%₹ 38,537 | 5.57%₹ 13,117 | 4.95%₹ 68,000 | 6.85%₹ 19,402 | 6.02%₹ 1,63,409 |
| ICICI Prudential Money Market Fund | 0.18%₹ 10,017 | 0.65%₹ 10,064 | 1.70%₹ 10,169 | 3.36%₹ 10,335 | 5.45%₹ 10,545 | 6.28%₹ 12,401 | 4.62%₹ 10,949 | 5.23%₹ 25,314 | 4.99%₹ 11,575 | 4.87%₹ 38,762 | 6.01%₹ 13,394 | 5.34%₹ 68,671 | 7.05%₹ 19,778 | 6.32%₹ 1,65,985 |
Portfolio Holdings
Top Debt Instrument Type holdings of Axis Money Market Fund
| Instrument Type | Holding Percentage | Holding 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 Instrument | Holding Percentage | Holding 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 Type | Holding Percentage |
|---|---|
| TREPS | 16.85% |
| Interest Rate Swaps | 0.00% |
| Net Receivables | -2.57% |