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Axis Money Market Fund Direct Growth+0.02%

5.63%
1 Year Return
Debt
Money Market
4.0star
6M
1Y
All

Fund Details

Axis Money Market Fund Direct Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.15%
NAV₹1108.23 (12 Apr 2021)
Fund Started05 Aug 2019
Fund Size2,162 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
5.6%
-
-
6.3%
Category Average
5.0%
6.5%
6.7%
-
Rank Within Category
5
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Would have become
0
with 5.6% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.15%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
Cons
1. Age is less than 3 years

Top Holdings

NameSectorInstrument% Assets
Reserve Bank of IndiaFinancialT-Bills5.0%
National Thermal Power Corp. Ltd.EnergyCP4.0%
Jamnagar Utilities and Power Pvt. Ltd.EngineeringCP4.0%
Larsen & Toubro Ltd.ConstructionCP3.9%
Reliance Industries Ltd.EnergyCP3.9%
L&T Infrastructure Finance Co. Ltd.FinancialCP3.0%
Reserve Bank of IndiaFinancialT-Bills3.0%
National Bank For Agriculture & Rural DevelopmentFinancialCP3.0%
Barclays Investments & Loans Ltd.FinancialCP2.8%
Tata Capital Housing Finance Ltd.FinancialCP2.0%
See All

Fund Managers

Devang Shah
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Aditya Pagaria
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Axis Money Market Fund Direct Growth Details

Axis Money Market Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,162 Cr and the Latest NAV as of 12 Apr 2021 is ₹1108.23.

The Axis Money Market Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

Investment Objective

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.

Tax Implications

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

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Axis Mutual Fund

Address
Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400025
Phone
022-43255161
Launch Date
04 Sep 2009
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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