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Axis Money Market Fund Direct IDCW Yearly

Debt
Money Market
Moderate Risk
0.47%
1M return
+0.06% 1D
1M
6M
1Y
All
NAV: 04 Jul 2022₹1,121.65
Min. SIP amount₹1,000
Rating4
Fund size₹4,189.35Cr

Returns and rankings

Category: Debt Money Market
Absolute returns
3M6M1YAll
Fund returns0.8%1.9%3.9%16.1%
Category averageNANA3.7%NA
Rank with in category876NA
Understand terms

Holdings (58)

NameSectorInstrumentAssets
National Bank For Agriculture & Rural Development
FinancialCP4.6%
Reserve Bank of India
FinancialT-Bills4.6%
Reserve Bank of India
FinancialT-Bills3.2%
L&T Finance Ltd.
FinancialCP2.5%
Small Industries Devp. Bank of India Ltd.
FinancialCP2.5%
Export-Import Bank Of India
FinancialCD2.5%
Reliance Jio Infocomm Ltd.CommunicationCP2.4%
Andhra Pradesh State
FinancialSDL2.4%
HDFC Bank Ltd.
FinancialCD2.2%
Canara Bank
FinancialCD2.1%
See All

Expense ratio, exit load and tax

Expense ratio: 0.20%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Devang 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

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

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

Fund house & investment objective

Fund house contact details

Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
Amc Image
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,

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FAQs

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

You can easily invest in Axis Money Market Fund Direct IDCW Yearly 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 Yearly 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 Yearly as SIP or lumpsum as per your investment objective and risk tolerance

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

The Axis Money Market Fund Direct IDCW Yearly has been there from 06 Aug 2019 and the average annual returns provided by this fund is 3.91% since its inception.

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

The term Expense Ratio used for Axis Money Market Fund Direct IDCW Yearly 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 Yearly is 0.20% as of 05 Jul 2022...

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

The AUM, short for Assets Under Management of Axis Money Market Fund Direct IDCW Yearly is ₹4,189.35Cr as of 05 Jul 2022.

How to Redeem Axis Money Market Fund Direct IDCW Yearly?

If you want to sell your Axis Money Market Fund Direct IDCW Yearly 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 Yearly?

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

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

The NAV of Axis Money Market Fund Direct IDCW Yearly is ₹1,121.65 as of 04 Jul 2022.

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

The PE ratio ratio of Axis Money Market Fund Direct IDCW Yearly 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).

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