DS
Devang ShahFund Manager Since 6 Aug 2019
Fixed IncomeMoney Market
Axis Money Market Fund Direct Growth
3Y Annualised
7.00%
0.02% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
0.51%
0.02% 1D
Benchmark
HDFC NIFTY 500 Index Fund
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
10 years 3 months
NIFTY 50
6 years 4 months
FD
9 years 7 months
Fund info
Fund size
₹17124.13 Cr
Min. SIP amount
₹1000
Min. Lumpsum amount
₹5000
Exit load
0%
Nil
Risk Profile
Moderate Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
1st
ICICI Prudential Money Market Fund Direct Plan Bonus
2.25%
2nd
ICICI Prudential Money Market Fund Retail Growth
2.21%
3rd
Edelweiss Money Market Fund Institutional Reinvestment of Income Dis cum Cptl Wdrl Opt
1.51%
4th
Nippon India Money Market Fund Bonus
0.83%
5th
Franklin India Money Market Fund Institutional Rnvstmnt of Inc Dist cum Cap Wdrl
0.80%
78th
Axis Money Market Fund Direct Growth
0.51%
Fund Managers
AP
Aditya PagariaFund Manager Since 6 Aug 2019
SJ
Sachin JainFund Manager Since 9 Nov 2021
About Axis Money Market Fund Direct Growth
Axis Money Market Fund Direct Growth is a Fixed Income mutual fund scheme from Axis Asset Management Company Limited. This fund has been in existence for 5 years, having been launched on 2019-08-06. Axis Money Market Fund Direct Growth has ₹17124.13 Cr worth of assets under management (AUM) as of Fri Mar 14 2025. The latest Net Asset Value (NAV) of Axis Money Market Fund Direct Growth as of Thu Mar 13 2025 is ₹1406.5937. The fund has an expense ratio of 0.16%, which is medium comparable to most other Fixed Income funds.
Axis Money Market Fund Direct Growth returns for the last 1 year are 7.69%. Since launch, it has delivered 6.28% average annual returns.
The Axis Money Market Fund Direct Growth has the majority of its money invested in null sectors.
Top 5 Holdings of Axis Money Market Fund Direct Growth.
- 364 DTB 18122025: 2.77%
- IDFC First Bank Ltd.: 1.64%
- 182 DTB 19062025: 1.43%
- National Bank for Agriculture and Rural Development: 1.37%
- Kotak Mahindra Bank Ltd.: 1.37%
AMC Information
| Name | Axis Asset Management Company Limited |
|---|---|
| Founding Date | 2019-08-06 |
| customerservice@axismf.com | |
| Phone | +91 22 43255161 |
| Website | www.axismf.com |
| Address | Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli, |
Tax Implications of Axis Money Market Fund Direct Growth
| Short Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
|---|---|
| Long Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
Similar Funds from Axis Asset Management Company Limited
Axis Gilt Fund Growth
Fixed IncomeGovernment Bond
3Y CAGR
6.90%
expense ratio
0.80%
fund size
₹912.09 Cr
Axis Corporate Bond Fund Regular Growth
Fixed IncomeCorporate Bond
3Y CAGR
6.43%
expense ratio
0.91%
fund size
₹6298.58 Cr
Axis Small Cap Fund Regular Growth
EquitySmall-Cap
3Y CAGR
15.69%
expense ratio
1.61%
fund size
₹20954.45 Cr
Axis Equity Savings Fund Regular Plan Growth
AllocationEquity Savings
3Y CAGR
8.44%
expense ratio
2.26%
fund size
₹929.60 Cr
Axis Multi Asset Allocation Fund Direct Plan Growth Option
AllocationMulti Asset Allocation
3Y CAGR
8.85%
expense ratio
1.07%
fund size
₹1270.15 Cr
FAQs
What is the current NAV of Axis Money Market Fund Direct Growth?
What are the average returns of Axis Money Market Fund Direct Growth?
How do I invest in Axis Money Market Fund Direct Growth?
What is the expense ratio of Axis Money Market Fund Direct Growth?
What are net assets under management (AUM) of Axis Money Market Fund Direct Growth?
What is the PE and PB ratio of Axis Money Market Fund Direct Growth?
What are the top 5 holdings of Axis Money Market Fund Direct Growth?
What are the top 3 sectors that Axis Money Market Fund Direct Growth has invested in?
Who is the manager of Axis Money Market Fund Direct Growth?
What is the exit load of Axis Money Market Fund Direct Growth?
How to Redeem Axis Money Market Fund Direct Growth?
Can I invest in SIP and a Lump Sum of Axis Money Market Fund Direct Growth?
