Fund Details
Axis Money Market Fund Regular Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.31% |
| NAV | ₹1105.52 (12 Apr 2021) |
|---|---|
| Fund Started | 05 Aug 2019 |
| Fund Size | ₹2,162 Cr |
Returns
Comparison
1. Lower expense ratio - 0.31%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 5.0% |
| National Thermal Power Corp. Ltd. | Energy | CP | 4.0% |
| Jamnagar Utilities and Power Pvt. Ltd. | Engineering | CP | 4.0% |
| Larsen & Toubro Ltd. | Construction | CP | 3.9% |
| Reliance Industries Ltd. | Energy | CP | 3.9% |
| L&T Infrastructure Finance Co. Ltd. | Financial | CP | 3.0% |
| National Bank For Agriculture & Rural Development | Financial | CP | 3.0% |
| Reserve Bank of India | Financial | T-Bills | 3.0% |
| Barclays Investments & Loans Ltd. | Financial | CP | 2.8% |
| Tata Capital Housing Finance Ltd. | Financial | CP | 2.0% |
Fund Managers
Axis Money Market Fund Regular Growth Details
Axis Money Market Fund Regular 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 Regular 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 ₹1105.52.
The Axis Money Market Fund Regular 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.
