Axis Money Market Fund Direct-Growth

Q: What are the returns of Axis Money Market Fund?

The Axis Money Market Fund is a 5 yrs 8 m old fund and has delivered average annual returns of 6.38% since inception. Axis Money Market Fund Returns 1-Year 3-Year 5-Year Since Inception 8.19% 7.31% 6.24% 6.38%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1426.833+0.02% 1 day change	6.38% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹1426.833 as on Apr 23, 2025

This fund Category average

Axis Money Market Fund overview

VRO rating	4
Expense ratio	0.16% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹14,611 Crs
Lock-in	No Lockin
Age	5 yrs 8 m since Jul 26, 2019
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Axis Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.07%	1.04%
3 months	2.4%	2.34%
6 months	4.23%	4.14%
1 year	8.19%	7.98%
3 years	7.31%	7.16%
5 years	6.24%	6.05%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 93.99647531%

SOV 16.29600368%

Others 0.29073521%

Cash & Call Money -10.5832142%

Top Debt Holdings

Canara Bank 11.19%

Small Industries Devp. Bank of India Ltd. 11.03%

National Bank For Agriculture & Rural Development 9.66%

Reserve Bank of India 6.73%

Allocation by Instruments

Certificate of Deposit 67.92381112000001%

Commercial Paper 26.072664190000005%

State Development Loan 8.904936469999999%

Treasury Bills 6.73931926%

Other Holdings

Others 0.29%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Money Market Fund	N.A.	₹14,611 Crs	5 yrs 8 m	0.16%
UTI Money Market Fund	N.A.	₹16,265 Crs	12 yrs 3 m	0.14%
Nippon India Money Market Fund	N.A.	₹15,230 Crs	12 yrs 3 m	0.25%
PGIM India Money Market Fund	N.A.	₹161 Crs	5 yrs 1 m	0.2%
Sundaram Money Market Fund	N.A.	₹1,292 Crs	6 yrs 7 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Money Market Fund	1.07%	4.23%	8.19%	7.31%	6.24%	N.A.
UTI Money Market Fund	1.06%	4.22%	8.12%	7.29%	6.21%	6.94%
Nippon India Money Market Fund	1.07%	4.21%	8.12%	7.33%	6.21%	6.95%
PGIM India Money Market Fund	1.06%	4.11%	7.93%	7.19%	6.02%	3.05%
Sundaram Money Market Fund	1.05%	4.18%	8.01%	7.07%	5.78%	4.07%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Money Market Fund	0.49	1.08	1.54	1.54
UTI Money Market Fund	0.46	1.0	1.59	1.65
Nippon India Money Market Fund	0.46	0.98	1.69	1.8
PGIM India Money Market Fund	0.42	0.9	1.5	1.82
Sundaram Money Market Fund	0.41	0.88	1.25	1.52

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.99 vs. 2.81 Higher outperformance against benchmark
Sharpe	1.54 vs. 3.3 Poor risk-adjusted returns
Beta	1.08 vs. 1.02 More sensitive to market's ups & downs
Standard deviation	0.49 vs. 0.41 More volatile performance

Compare Axis Money Market Fund in detail with

About this fund

About Axis Money Market Fund

Axis Money Market Fund Direct-Growth is a Money Market mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 5 yrs 8 m, having been launched on 26/07/2019. Axis Money Market Fund Direct-Growth has ₹14,611 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Money Market Fund Direct-Growth as of 23/04/2025 is ₹1426.83. The fund has an expense ratio of 0.16%, which is close to what most other Money Market funds charge.

Axis Money Market Fund Direct-Growth returns of last 1-year are 8.19%. Since launch, it has delivered 6.41% average annual returns.
Axis Money Market Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Canara Bank, Small Industries Devp. Bank of India Ltd., National Bank For Agriculture & Rural Development, Reserve Bank of India, Indian Bank.

...

Fund AUM	₹14,611 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Devang Shah

Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Aditya Pagaria

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. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Sachin Jain

Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Investment objective

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

Axis Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Axis Gilt Fund	N.A.	₹868 Crs	13.49%	8.86%
Axis Floater Fund	N.A.	₹166 Crs	12.77%	8.66%
Axis Strategic Bond Fund	N.A.	₹1,899 Crs	10.81%	8.37%
Axis Long Duration Fund	N.A.	₹392 Crs	13.7%	N.A.
Axis Dynamic Bond Fund	N.A.	₹1,355 Crs	11.45%	8.05%
Axis Credit Risk Fund	N.A.	₹360 Crs	9.86%	7.94%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Axis Money Market Fund?

The current Net Asset Value (NAV) of the Axis Money Market Fund - Direct Growth plan is approximately ₹1426.833 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Axis Money Market Fund is a 5 yrs 8 m old fund and has delivered average annual returns of 6.38% since inception.

Axis Money Market Fund Returns

1-Year	3-Year	5-Year	Since Inception
8.19%	7.31%	6.24%	6.38%

How much does this mutual fund charge as expense ratio?

The Axis Money Market Fund - Direct Growth has an expense ratio of 0.16%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Axis Money Market Fund currently has assets under management (AUM) or fund size valued at approximately ₹14,611 Crs crore as of Mar 31, 2025.

To whom does Axis Money Market Fund lend to?

The top 3 debt holdings of Axis Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Canara Bank	11.19%
Small Industries Devp. Bank of India Ltd.	11.03%
National Bank For Agriculture & Rural Development	9.66%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Axis Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	93.99647531%
SOV	16.29600368%
Others	0.29073521%

What is risk level of Axis Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Money Market Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Money Market Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Money Market Fund is complete.

How can I redeem my investments in Axis Money Market Fund?

Redeeming your investments in Axis Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Axis Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Money Market

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Money Market funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.