How to Invest in Axis Money Market Fund Direct IDCW Daily?

You can easily invest in Axis Money Market Fund Direct IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Money Market Fund Direct IDCW Daily from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Money Market Fund Direct IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Money Market Fund Direct IDCW Daily provide?

The Axis Money Market Fund Direct IDCW Daily has been there from 06 Aug 2019 and the average annual returns provided by this fund is 7.71% since its inception.

How much expense ratio is charged by Axis Money Market Fund Direct IDCW Daily?

The term Expense Ratio used for Axis Money Market Fund Direct IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Money Market Fund Direct IDCW Daily is 0.17% as of 19 Apr 2024...

What is the AUM of Axis Money Market Fund Direct IDCW Daily?

The AUM, short for Assets Under Management of Axis Money Market Fund Direct IDCW Daily is ₹7,272.40Cr as of 19 Apr 2024.

How to Redeem Axis Money Market Fund Direct IDCW Daily?

If you want to sell your Axis Money Market Fund Direct IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Money Market Fund Direct IDCW Daily?

You can select either SIP or Lumpsum investment of Axis Money Market Fund Direct IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of Axis Money Market Fund Direct IDCW Daily?

The NAV of Axis Money Market Fund Direct IDCW Daily is ₹1,005.61 as of 18 Apr 2024.

What is the PE and PB ratio of Axis Money Market Fund Direct IDCW Daily?

The PE ratio ratio of Axis Money Market Fund Direct IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Axis Money Market Fund Direct IDCW Daily - NAV, Mutual Fund Performance & Portfolio

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Axis Money Market Fund Direct IDCW Daily
Debt
Money Market
Low to Moderate Risk
91%
3Y annualised
+0.03% 1D
1M
6M
1Y
3Y
All
 NAV: 18 Apr 2024₹1,005.61
Min. SIP amountNot Supported
Rating4
Fund size₹7,272.40Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Money Market
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA7.7%5.9%6.0%
Category averageNA7.2%5.5%NA
Rank with in categoryNA44NA
Understand terms
Holdings (61)NameSectorInstrumentAssets
Union Bank of India
FinancialCD4.51%
Punjab National Bank
FinancialCD4.20%
Reserve Bank of India
FinancialT-Bills3.67%
Export-Import Bank Of India
FinancialCP3.53%
Canara Bank
FinancialCD3.24%
Small Industries Devp. Bank of India Ltd.
FinancialCD3.23%
ICICI Bank Ltd.
FinancialCD3.22%
National Bank For Agriculture & Rural Development
FinancialCD3.22%
Reserve Bank of India
FinancialT-Bills2.59%
Canara Bank
FinancialCD2.57%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Apr 2024 - Present
17%
Apr 2024 - 15 Apr 2024
17%
Apr 2024 - 14 Apr 2024
17%
Apr 2024 - 13 Apr 2024
17%
Apr 2024 - 12 Apr 2024
17%
Apr 2024 - 11 Apr 2024
17%
Apr 2024 - 10 Apr 2024
17%
Apr 2024 - 09 Apr 2024
17%
Apr 2024 - 08 Apr 2024
17%
Apr 2024 - 07 Apr 2024
17%
Apr 2024 - 06 Apr 2024
17%
Apr 2024 - 05 Apr 2024
17%
Apr 2024 - 04 Apr 2024
17%
Apr 2024 - 03 Apr 2024
17%
Apr 2024 - 02 Apr 2024
17%
Mar 2024 - 01 Apr 2024
17%
Mar 2024 - 31 Mar 2024
17%
Mar 2024 - 30 Mar 2024
17%
Mar 2024 - 29 Mar 2024
17%
Mar 2024 - 28 Mar 2024
17%
Mar 2024 - 27 Mar 2024
17%
Mar 2024 - 26 Mar 2024
17%
Mar 2024 - 25 Mar 2024
17%
Mar 2024 - 24 Mar 2024
17%
Mar 2024 - 23 Mar 2024
17%
Mar 2024 - 22 Mar 2024
17%
Mar 2024 - 21 Mar 2024
17%
Mar 2024 - 20 Mar 2024
17%
Mar 2024 - 19 Mar 2024
17%
Mar 2024 - 18 Mar 2024
17%
Mar 2024 - 17 Mar 2024
17%
Mar 2024 - 16 Mar 2024
17%
Mar 2024 - 15 Mar 2024
17%
Mar 2024 - 14 Mar 2024
17%
Mar 2024 - 13 Mar 2024
17%
Mar 2024 - 12 Mar 2024
17%
Mar 2024 - 11 Mar 2024
17%
Mar 2024 - 10 Mar 2024
17%
Mar 2024 - 09 Mar 2024
17%
Mar 2024 - 08 Mar 2024
17%
Mar 2024 - 07 Mar 2024
17%
Mar 2024 - 06 Mar 2024
17%
Mar 2024 - 05 Mar 2024
17%
Mar 2024 - 04 Mar 2024
17%
Mar 2024 - 03 Mar 2024
17%
Mar 2024 - 02 Mar 2024
17%
Feb 2024 - 01 Mar 2024
17%
Feb 2024 - 29 Feb 2024
17%
Feb 2024 - 28 Feb 2024
17%
Feb 2024 - 27 Feb 2024
17%
Feb 2024 - 26 Feb 2024
17%
Feb 2024 - 25 Feb 2024
17%
Feb 2024 - 24 Feb 2024
17%
Feb 2024 - 23 Feb 2024
17%
Feb 2024 - 22 Feb 2024
17%
Feb 2024 - 21 Feb 2024
17%
Feb 2024 - 20 Feb 2024
17%
Feb 2024 - 19 Feb 2024
17%
Feb 2024 - 18 Feb 2024
17%
Feb 2024 - 17 Feb 2024
17%
Feb 2024 - 16 Feb 2024
17%
Feb 2024 - 15 Feb 2024
17%
Feb 2024 - 14 Feb 2024
17%
Feb 2024 - 13 Feb 2024
17%
Feb 2024 - 12 Feb 2024
17%
Feb 2024 - 11 Feb 2024
17%
Feb 2024 - 10 Feb 2024
17%
Feb 2024 - 09 Feb 2024
17%
Feb 2024 - 08 Feb 2024
17%
Feb 2024 - 07 Feb 2024
17%
Feb 2024 - 06 Feb 2024
17%
Feb 2024 - 05 Feb 2024
17%
Feb 2024 - 04 Feb 2024
17%
Feb 2024 - 03 Feb 2024
17%
Feb 2024 - 02 Feb 2024
17%
Jan 2024 - 01 Feb 2024
17%
Jan 2024 - 31 Jan 2024
17%
Jan 2024 - 30 Jan 2024
17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
Jan 2024 - 19 Jan 2024
17%
Jan 2024 - 18 Jan 2024
17%
Jan 2024 - 17 Jan 2024
17%
Jan 2024 - 16 Jan 2024
17%
Jan 2024 - 15 Jan 2024
17%
Jan 2024 - 14 Jan 2024
17%
Jan 2024 - 13 Jan 2024
17%
Jan 2024 - 12 Jan 2024
17%
Jan 2024 - 11 Jan 2024
17%
Jan 2024 - 10 Jan 2024
17%
Jan 2024 - 09 Jan 2024
17%
Jan 2024 - 08 Jan 2024
17%
Jan 2024 - 07 Jan 2024
17%
Jan 2024 - 06 Jan 2024
17%
Jan 2024 - 05 Jan 2024
17%
Jan 2024 - 04 Jan 2024
17%
Jan 2024 - 03 Jan 2024
17%
Jan 2024 - 02 Jan 2024
17%
Dec 2023 - 01 Jan 2024
17%
Dec 2023 - 31 Dec 2023
17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
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17%
Dec 2023 - 17 Dec 2023
17%
Dec 2023 - 16 Dec 2023
17%
Dec 2023 - 15 Dec 2023
17%
Dec 2023 - 14 Dec 2023
17%
Dec 2023 - 13 Dec 2023
17%
Dec 2023 - 12 Dec 2023
17%
Dec 2023 - 11 Dec 2023
17%
Dec 2023 - 10 Dec 2023
17%
Dec 2023 - 09 Dec 2023
17%
Dec 2023 - 08 Dec 2023
17%
Dec 2023 - 07 Dec 2023
17%
Dec 2023 - 06 Dec 2023
17%
Dec 2023 - 05 Dec 2023
17%
Dec 2023 - 04 Dec 2023
17%
Dec 2023 - 03 Dec 2023
17%
Dec 2023 - 02 Dec 2023
17%
Nov 2023 - 01 Dec 2023
17%
Nov 2023 - 30 Nov 2023
17%
Nov 2023 - 29 Nov 2023
17%
Nov 2023 - 28 Nov 2023
17%
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17%
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17%
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17%
Nov 2023 - 24 Nov 2023
17%
Nov 2023 - 23 Nov 2023
17%
Nov 2023 - 22 Nov 2023
17%
Nov 2023 - 21 Nov 2023
17%
Nov 2023 - 20 Nov 2023
17%
Nov 2023 - 19 Nov 2023
17%
Nov 2023 - 18 Nov 2023
17%
Nov 2023 - 17 Nov 2023
17%
Nov 2023 - 16 Nov 2023
17%
Nov 2023 - 15 Nov 2023
17%
Nov 2023 - 14 Nov 2023
17%
Nov 2023 - 13 Nov 2023
17%
Nov 2023 - 12 Nov 2023
17%
Nov 2023 - 11 Nov 2023
17%
Nov 2023 - 10 Nov 2023
17%
Nov 2023 - 09 Nov 2023
17%
Nov 2023 - 08 Nov 2023
17%
Nov 2023 - 07 Nov 2023
17%
Nov 2023 - 06 Nov 2023
17%
Nov 2023 - 05 Nov 2023
17%
Nov 2023 - 04 Nov 2023
17%
Nov 2023 - 03 Nov 2023
17%
Nov 2023 - 02 Nov 2023
17%
Oct 2023 - 01 Nov 2023
17%
Oct 2023 - 31 Oct 2023
17%
Oct 2023 - 30 Oct 2023
17%
Oct 2023 - 29 Oct 2023
17%
Oct 2023 - 28 Oct 2023
17%
Oct 2023 - 27 Oct 2023
17%
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17%
Oct 2023 - 25 Oct 2023
17%
Oct 2023 - 24 Oct 2023
17%
Oct 2023 - 23 Oct 2023
17%
Oct 2023 - 22 Oct 2023
17%
Oct 2023 - 21 Oct 2023
17%
Oct 2023 - 20 Oct 2023
17%
Oct 2023 - 19 Oct 2023
17%
Oct 2023 - 18 Oct 2023
17%
Oct 2023 - 17 Oct 2023
17%
Oct 2023 - 16 Oct 2023
17%
Oct 2023 - 15 Oct 2023
17%
Oct 2023 - 14 Oct 2023
17%
Oct 2023 - 13 Oct 2023
17%
Oct 2023 - 12 Oct 2023
17%
Oct 2023 - 11 Oct 2023
17%
Oct 2023 - 10 Oct 2023
17%
Oct 2023 - 09 Oct 2023
17%
Oct 2023 - 08 Oct 2023
17%
Oct 2023 - 07 Oct 2023
17%
Oct 2023 - 06 Oct 2023
17%
Oct 2023 - 05 Oct 2023
17%
Oct 2023 - 04 Oct 2023
17%
Oct 2023 - 03 Oct 2023
17%
Oct 2023 - 02 Oct 2023
17%
Sep 2023 - 01 Oct 2023
17%
Sep 2023 - 30 Sep 2023
17%
Sep 2023 - 29 Sep 2023
17%
Sep 2023 - 28 Sep 2023
17%
Sep 2023 - 27 Sep 2023
17%
Sep 2023 - 26 Sep 2023
17%
Sep 2023 - 25 Sep 2023
17%
Sep 2023 - 24 Sep 2023
17%
Sep 2023 - 23 Sep 2023
17%
Sep 2023 - 22 Sep 2023
17%
Sep 2023 - 21 Sep 2023
17%
Sep 2023 - 20 Sep 2023
17%
Sep 2023 - 19 Sep 2023
17%
Sep 2023 - 18 Sep 2023
17%
Sep 2023 - 17 Sep 2023
17%
Sep 2023 - 16 Sep 2023
17%
Sep 2023 - 15 Sep 2023
17%
Sep 2023 - 14 Sep 2023
17%
Sep 2023 - 13 Sep 2023
17%
Sep 2023 - 12 Sep 2023
17%
Sep 2023 - 11 Sep 2023
17%
Sep 2023 - 10 Sep 2023
17%
Sep 2023 - 09 Sep 2023
17%
Sep 2023 - 08 Sep 2023
17%
Sep 2023 - 07 Sep 2023
17%
Sep 2023 - 06 Sep 2023
17%
Sep 2023 - 05 Sep 2023
17%
Sep 2023 - 04 Sep 2023
17%
Sep 2023 - 03 Sep 2023
17%
Sep 2023 - 02 Sep 2023
17%
Aug 2023 - 01 Sep 2023
17%
Jul 2023 - 31 Aug 2023
17%
Jun 2023 - 31 Jul 2023
17%
May 2023 - 30 Jun 2023
15%
Apr 2023 - 31 May 2023
21%
Mar 2023 - 30 Apr 2023
21%
Feb 2023 - 31 Mar 2023
21%
Jan 2023 - 28 Feb 2023
21%
Dec 2022 - 31 Jan 2023
21%
Nov 2022 - 31 Dec 2022
21%
Nov 2022 - 30 Nov 2022
21%
Nov 2022 - 30 Nov 2022
21%
Oct 2022 - 30 Nov 2022
21%
Oct 2022 - 31 Oct 2022
21%
Oct 2022 - 31 Oct 2022
21%
Oct 2022 - 31 Oct 2022
21%
Sep 2022 - 31 Oct 2022
21%
Sep 2022 - 30 Sep 2022
21%
Sep 2022 - 30 Sep 2022
21%
Sep 2022 - 30 Sep 2022
21%
Aug 2022 - 30 Sep 2022
21%
Aug 2022 - 31 Aug 2022
21%
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21%
Jul 2022 - 31 Aug 2022
20%
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20%
Jul 2022 - 31 Jul 2022
20%
Jun 2022 - 31 Jul 2022
20%
Jun 2022 - 30 Jun 2022
20%
Jun 2022 - 30 Jun 2022
20%
May 2022 - 30 Jun 2022
20%
May 2022 - 31 May 2022
20%
May 2022 - 31 May 2022
20%
Apr 2022 - 31 May 2022
20%
Apr 2022 - 30 Apr 2022
20%
Apr 2022 - 30 Apr 2022
20%
Mar 2022 - 30 Apr 2022
20%
Mar 2022 - 31 Mar 2022
20%
Mar 2022 - 31 Mar 2022
20%
Feb 2022 - 31 Mar 2022
20%
Feb 2022 - 28 Feb 2022
20%
Feb 2022 - 28 Feb 2022
20%
Jan 2022 - 28 Feb 2022
20%
Jan 2022 - 31 Jan 2022
20%
Dec 2021 - 31 Jan 2022
20%
Dec 2021 - 31 Dec 2021
20%
Nov 2021 - 31 Dec 2021
21%
Oct 2021 - 30 Nov 2021
21%
Sep 2021 - 31 Oct 2021
21%
Aug 2021 - 30 Sep 2021
19%
Jul 2021 - 31 Aug 2021
19%
Jun 2021 - 31 Jul 2021
17%
May 2021 - 30 Jun 2021
13%
Apr 2021 - 31 May 2021
13%
Mar 2021 - 30 Apr 2021
13%
Feb 2021 - 31 Mar 2021
15%
Jan 2021 - 28 Feb 2021
15%
Dec 2020 - 31 Jan 2021
15%
Nov 2020 - 31 Dec 2020
16%
Oct 2020 - 30 Nov 2020
16%
Sep 2020 - 31 Oct 2020
16%
Aug 2020 - 30 Sep 2020
16%
Jul 2020 - 31 Aug 2020
16%
Jun 2020 - 31 Jul 2020
16%
May 2020 - 30 Jun 2020
16%
Apr 2020 - 31 May 2020
16%
Mar 2020 - 30 Apr 2020
16%
Feb 2020 - 31 Mar 2020
16%
Jan 2020 - 29 Feb 2020
16%
Dec 2019 - 31 Jan 2020
16%
Nov 2019 - 31 Dec 2019
16%
Oct 2019 - 30 Nov 2019
16%
Sep 2019 - 31 Oct 2019
16%
Aug 2019 - 30 Sep 2019
16%
Expense ratio, exit load and taxExpense ratio: 0.17%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementDevang Shah
Jul 2019 - Present
View details
Education
Mr. Shah is B.Com and ACA.
Experience
Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Also manages these schemes
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Aditya Pagaria
Jul 2019 - Present
View details
Education
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.
Experience
Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
Also manages these schemes
Axis Liquid Direct Fund Growth
Axis Banking & PSU Debt Direct Plan Growth
Axis Gold Direct Plan Growth
Axis Short Term Direct Fund Growth
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Axis Equity Advantage Fund Series 1 Direct Growth
Axis Equity Hybrid Fund Direct Growth
Axis Ultra Short Term Fund Direct Growth
Axis Overnight Fund Direct Growth
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Sachin Jain
Nov 2021 - Present
View details
Education
Mr. Jain is a B.Tech, AGMP (Management)
Experience
Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Also manages these schemes
Axis Liquid Direct Fund Growth
Axis Gilt Fund Direct Plan Growth
Axis Strategic Bond Fund Direct Growth
Axis Regular Saver Fund Direct Growth
Axis Arbitrage Fund Direct Growth
Axis Ultra Short Term Fund Direct Growth
Axis Overnight Fund Direct Growth
Axis Money Market Fund Direct Growth
Axis Multicap Fund Direct Growth
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,66,090.22Cr
Date of Incorporation04 Sep 2009
 Axis Money Market Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Devang Shah is the Current Fund Manager of Axis Money Market Fund Direct IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹2,66,090 Cr and the Latest NAV as of 18 Apr 2024 is ₹1,005.61.
The Axis Money Market Fund Direct IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000.
;
Investment ObjectiveThe scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
;
Fund benchmarkNIFTY Money Market Index A-I
Scheme Information Document(SID)
Fund house contact details
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Launch Date
Sep 2009
E-mail
NA
Website
www.axismf.com
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Money Market Fund Direct IDCW Daily
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	7.7%	5.9%	6.0%
Category average	NA	7.2%	5.5%	NA
Rank with in category	NA	4	4	NA

Name	Sector	Instrument	Assets
Union Bank of India	Financial	CD	4.51%
Punjab National Bank	Financial	CD	4.20%
Reserve Bank of India	Financial	T-Bills	3.67%
Export-Import Bank Of India	Financial	CP	3.53%
Canara Bank	Financial	CD	3.24%
Small Industries Devp. Bank of India Ltd.	Financial	CD	3.23%
ICICI Bank Ltd.	Financial	CD	3.22%
National Bank For Agriculture & Rural Development	Financial	CD	3.22%
Reserve Bank of India	Financial	T-Bills	2.59%
Canara Bank	Financial	CD	2.57%

Rank (total assets)	#7 in India
Total AUM	₹2,66,090.22Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	NIFTY Money Market Index A-I

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Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	4
Fund size	₹7,272.40Cr

Axis Money Market Fund Direct IDCW Daily

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (61)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.17%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Devang ShahJul 2019 - PresentView details

Aditya PagariaJul 2019 - PresentView details

Sachin JainNov 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Devang Shah
Jul 2019 - Present
View details

Aditya Pagaria
Jul 2019 - Present
View details

Sachin Jain
Nov 2021 - Present
View details