|Min SIP Amount||₹1000|
|NAV||₹1098.12 (20 Jan 2021)|
|Fund Started||05 Aug 2019|
|Fund Size||₹1,659 Cr|
|Reserve Bank of India||Financial||T-Bills||14.4%|
|Reserve Bank of India||Financial||T-Bills||5.5%|
|Power Finance Corpn. Ltd.||Financial||CP||5.2%|
|Dalmia Cement (Bharat) Ltd||Construction||CP||4.4%|
|L&T Infrastructure Finance Co. Ltd.||Financial||CP||3.3%|
|Barclays Investments & Loans Ltd.||Financial||CP||3.1%|
|Reliance Jio Infocomm Ltd.||Communication||CP||2.7%|
|Britannia Industries Ltd.||FMCG||CP||2.2%|
|Tata Teleservices (Maharashtra) Ltd.||Communication||CP||2.2%|
Axis Money Market Fund Direct Dividend Yearly is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 05 Aug 2019. Devang Shah is the Current Fund Manager of Axis Money Market Fund Direct Dividend Yearly fund.The fund currently has an Asset Under Management(AUM) of ₹1,659 Cr and the Latest NAV as of 20 Jan 2021 is ₹1098.12.
The Axis Money Market Fund Direct Dividend Yearly is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.