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Axis Money Market Fund Direct Growth
Debt
Money Market
Low to Moderate Risk
+7.62%
3Y annualised
+0.01% 1D
NAV: 16 Jan '26
₹1,494.96
Min. SIP amount
₹100
Fund size
₹20,781.21 Cr
Expense ratio
0.17%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,997 | +3.33% | |
| 3 years | ₹1,80,000 | ₹2,01,059 | +11.70% | |
| 5 years | ₹3,00,000 | ₹3,57,401 | +19.13% |
Holdings (115)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | CD | 4.04% |
| HDFC Bank Ltd. | Financial | CD | 2.75% |
| Punjab National Bank | Financial | CD | 2.73% |
| Reserve Bank of India | Financial | T-Bills | 2.59% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 2.49% |
| Bank of India | Financial | CD | 2.38% |
| HDFC Bank Ltd. | Financial | CD | 2.37% |
| Bank Of Baroda | Financial | CD | 2.35% |
| HDFC Bank Ltd. | Financial | CD | 2.34% |
| Canara Bank | Financial | CD | 2.23% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 2.17% |
| IDFC First Bank Ltd. | Financial | CD | 1.87% |
| Punjab National Bank | Financial | CD | 1.78% |
| Reserve Bank of India | Financial | T-Bills | 1.70% |
| Union Bank of India | Financial | CD | 1.65% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.65% |
| Canara Bank | Financial | CD | 1.64% |
| IDFC First Bank Ltd. | Financial | CD | 1.43% |
| HDFC Bank Ltd. | Financial | CD | 1.42% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 1.41% |
| Reserve Bank of India | Financial | T-Bills | 1.38% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.31% |
| Indian Bank | Financial | CD | 1.31% |
| Union Bank of India | Financial | CD | 1.29% |
| Bharti Telecom Ltd. | Communication | CP | 1.19% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.19% |
| Kotak Mahindra Securities Ltd. | Financial | CP | 1.19% |
| HDFC Securities Ltd. | Financial | CP | 1.19% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 1.19% |
| Piramal Finance Ltd. | Financial | CP | 1.19% |
| Indusind Bank Ltd. | Financial | CD | 1.17% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.17% |
| Reserve Bank of India | Financial | T-Bills | 1.17% |
| Muthoot Finance Ltd. | Financial | CP | 1.17% |
| Motilal Oswal Finevest Ltd. | Financial | CP | 1.16% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.15% |
| Indian Bank | Financial | CD | 1.14% |
| Tata Teleservices (Maharashtra) Ltd. | Communication | CP | 1.13% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.95% |
| Bajaj Finance Ltd. | Financial | CP | 0.95% |
| Canara Bank | Financial | CD | 0.95% |
| Bank Of Baroda | Financial | CD | 0.95% |
| Tata Capital Ltd. | Financial | CP | 0.94% |
| Muthoot Finance Ltd. | Financial | CP | 0.93% |
| HDFC Bank Ltd. | Financial | CD | 0.93% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.91% |
| Bank Of Baroda | Financial | CD | 0.83% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.72% |
| IDBI Bank Ltd. | Financial | CD | 0.72% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.72% |
| Aditya Birla Capital Ltd. | Financial | CP | 0.71% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.71% |
| Indian Bank | Financial | CD | 0.71% |
| Infina Finance Pvt. Ltd. | Financial | CP | 0.71% |
| 360 ONE Wealth Ltd. | Financial | CP | 0.70% |
| HDFC Bank Ltd. | Financial | CD | 0.69% |
| HDFC Bank Ltd. | Financial | CD | 0.68% |
| Reserve Bank of India | Financial | T-Bills | 0.62% |
| Infina Finance Pvt. Ltd. | Financial | CP | 0.60% |
| Canara Bank | Financial | CD | 0.59% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.55% |
| Reserve Bank of India | Financial | T-Bills | 0.54% |
| West Bengal State | Others | SDL | 0.52% |
| Credila Financial Services Ltd. | Financial | CP | 0.48% |
| Union Bank of India | Financial | CD | 0.48% |
| The Federal Bank Ltd. | Financial | CD | 0.48% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.48% |
| Arka Fincap Ltd. | Financial | CP | 0.48% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 0.48% |
| Truhome Finance Ltd. | Financial | CP | 0.47% |
| Bank Of Baroda | Financial | CD | 0.47% |
| Union Bank of India | Financial | CD | 0.47% |
| Barclays Investments & Loans Ltd. | Financial | CP | 0.47% |
| Motilal Oswal Financial Services Ltd. | Financial | CP | 0.47% |
| Reserve Bank of India | Financial | T-Bills | 0.46% |
| GOI | Sovereign | CGL | 0.46% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.45% |
| Bank Of Baroda | Financial | CD | 0.42% |
| Maharashtra State | Others | SDL | 0.38% |
| Rajasthan State | Others | SDL | 0.36% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.36% |
| Pilani Investment And Industries Corporation Ltd. | Financial | CP | 0.36% |
| Godrej Finance Ltd. | Financial | CP | 0.36% |
| National Bank For Agriculture & Rural Development | Financial | CP | 0.36% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.36% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.35% |
| Canara Bank | Financial | CD | 0.35% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | CP | 0.35% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | CP | 0.35% |
| Bank Of Baroda | Financial | CD | 0.35% |
| Standard Chartered Investment & Loan India Ltd. | Financial | CP | 0.33% |
| Tamilnadu State | Others | SDL | 0.31% |
| Bank Of Baroda | Financial | CD | 0.26% |
| Reserve Bank of India | Financial | T-Bills | 0.24% |
| Piramal Finance Ltd. | Financial | CP | 0.24% |
| Godrej Finance Ltd. | Financial | CP | 0.24% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 0.24% |
| Bank Of Baroda | Financial | CD | 0.24% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.24% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.24% |
| Bank Of Baroda | Financial | CD | 0.23% |
| Motilal Oswal Finevest Ltd. | Financial | CP | 0.23% |
| Reserve Bank of India | Financial | T-Bills | 0.23% |
| Uttar Pradesh State | Others | SDL | 0.17% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.12% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 0.12% |
| Bank Of Baroda | Financial | CD | 0.12% |
| Godrej Finance Ltd. | Financial | CP | 0.12% |
| Tata Capital Ltd. | Financial | CP | 0.12% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.12% |
| L&T Finance Ltd. | Financial | CP | 0.12% |
| Reserve Bank of India | Financial | T-Bills | 0.09% |
| Reserve Bank of India | Financial | T-Bills | 0.05% |
| Tamilnadu State | Others | SDL | 0.04% |
| Bihar State | Others | SDL | 0.02% |
See All
Minimum investments
Min. for 1st investment
₹100
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +7.4% | +7.6% | +6.4% | +6.4% |
| Category average (Debt Money Market) | +7.2% | +7.2% | +5.9% | -- |
| Rank (Debt Money Market) | 4 | 2 | 3 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Tata Money Market Fund Direct Growth | +7.48% | +7.70% | 35,599.90 | |
Axis Money Market Fund Direct Growth | +7.44% | +7.62% | 20,781.21 | |
Bandhan Money Market Fund Direct Growth | +7.46% | +7.57% | 12,313.03 | |
Union Money Market Fund Direct Growth | +7.16% | +7.22% | 119.68 | |
Bajaj Finserv Money Market Fund Direct Growth | +7.42% | -- | 4,196.35 | |
| Compare | ||||
Fund management
DSDevang ShahJul 2019 - PresentView details
DS
Devang Shah
Jul 2019 - Present
View details
APAditya PagariaJul 2019 - PresentView details
AP
Aditya Pagaria
Jul 2019 - Present
View details
SJSachin JainNov 2021 - PresentView details
SJ
Sachin Jain
Nov 2021 - Present
View details
About Axis Money Market Fund Direct Growth
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 04 Sep 2009. 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 ₹3,54,746 Cr and the Latest NAV as of 16 Jan 2026 is ₹1,494.96.
The Axis Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100.
;
Investment Objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund benchmarkNIFTY Money Market Index A-I
Fund house
Rank (total assets)#7 in India
Total AUM₹3,54,746.32 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,