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Axis Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (17-Apr-25)
₹1424.700.03%1D
Returns (Since Inception)
6.41%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹14,611 Cr
Expense Ratio
0.16%
ISIN
INF846K01Q62
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
06 Aug 2019
About this fund
Axis Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 8 months and 13 days, having been launched on 06-Aug-19.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹1424.70, Assets Under Management (AUM) of 14611.11 Crores, and an expense ratio of 0.16%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹1424.70, Assets Under Management (AUM) of 14611.11 Crores, and an expense ratio of 0.16%.
- Axis Money Market Fund Direct Growth has given a CAGR return of 6.41% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 22.92% in debts, and 76.79% in cash & cash equivalents.
- You can start investing in Axis Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.15%
+6.93% (Cat Avg.)
3 Years
+7.33%
+6.64% (Cat Avg.)
5 Years
+6.28%
+5.67% (Cat Avg.)
Since Inception
+6.41%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹3,348.81 Cr | 22.92% |
| Others | ₹11,262.3 Cr | 77.08% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash - Collateral | ₹-2,275.83 Cr | 15.58% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹729.92 Cr | 5.00% |
| Canara Bank | Cash - CD/Time Deposit | ₹707.22 Cr | 4.84% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹565.32 Cr | 3.87% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹478.05 Cr | 3.27% |
| Canara Bank | Cash - CD/Time Deposit | ₹468.37 Cr | 3.21% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹448.76 Cr | 3.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹425.51 Cr | 2.91% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹423.82 Cr | 2.90% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹378.44 Cr | 2.59% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹375.43 Cr | 2.57% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹373.94 Cr | 2.56% |
| Indian Bank | Cash - CD/Time Deposit | ₹351.25 Cr | 2.40% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹333.78 Cr | 2.28% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹333.37 Cr | 2.28% |
| Indian Bank | Cash - CD/Time Deposit | ₹331.59 Cr | 2.27% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹329.94 Cr | 2.26% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹327.82 Cr | 2.24% |
| Tata Capital Ltd. | Cash - Commercial Paper | ₹327.1 Cr | 2.24% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹289.13 Cr | 1.98% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹287.77 Cr | 1.97% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹286.06 Cr | 1.96% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹282.75 Cr | 1.94% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹282.67 Cr | 1.93% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹282 Cr | 1.93% |
| 08.38 Tn SDL 2026 | Bond - Gov't/Treasury | ₹251.51 Cr | 1.72% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹243.34 Cr | 1.67% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹239.26 Cr | 1.64% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹236.16 Cr | 1.62% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹235.94 Cr | 1.61% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹235.11 Cr | 1.61% |
| 08.38 RJ Sdl 2026 | Bond - Gov't/Treasury | ₹233.19 Cr | 1.60% |
| 08.38 HR Sdl 2026 | Bond - Gov't/Treasury | ₹216.51 Cr | 1.48% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹193.22 Cr | 1.32% |
| 364 DTB 23-Oct-2025 | Bond - Gov't/Treasury | ₹193.04 Cr | 1.32% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹192.77 Cr | 1.32% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹191.64 Cr | 1.31% |
| Indian Bank | Cash - CD/Time Deposit | ₹190.72 Cr | 1.31% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹188.85 Cr | 1.29% |
| IDBI Bank Limited (Industrial Development Bank Of India Ltd) | Cash - CD/Time Deposit | ₹188.42 Cr | 1.29% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹187.71 Cr | 1.28% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹187.3 Cr | 1.28% |
| 08.38 KA Sdl 2026 | Bond - Gov't/Treasury | ₹172.43 Cr | 1.18% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹144.19 Cr | 0.99% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹143.79 Cr | 0.98% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹142.86 Cr | 0.98% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹141.96 Cr | 0.97% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹141.88 Cr | 0.97% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹141.82 Cr | 0.97% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹141.75 Cr | 0.97% |
| India (Republic of) | Bond - Short-term Government Bills | ₹141.64 Cr | 0.97% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹140.55 Cr | 0.96% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹117 Cr | 0.80% |
| Phoenix ARc Private Limited | Cash - Commercial Paper | ₹98.71 Cr | 0.68% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹96.62 Cr | 0.66% |
| Piramal Enterprises Ltd. | Bond - Corporate Bond | ₹96.51 Cr | 0.66% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹96.32 Cr | 0.66% |
| Federal Bank Ltd. | Cash - CD/Time Deposit | ₹95.41 Cr | 0.65% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹95.27 Cr | 0.65% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹95.23 Cr | 0.65% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹94.14 Cr | 0.64% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹94.01 Cr | 0.64% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹93.96 Cr | 0.64% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹93.86 Cr | 0.64% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹93.84 Cr | 0.64% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹93.56 Cr | 0.64% |
| 364 DTB 04122025 | Bond - Gov't/Treasury | ₹91.04 Cr | 0.62% |
| 08.38 OD Sdl 2026 | Bond - Gov't/Treasury | ₹86.19 Cr | 0.59% |
| Mankind Pharma Limited | Cash - Commercial Paper | ₹81.67 Cr | 0.56% |
| 364 DTB 15012026 | Bond - Gov't/Treasury | ₹80.91 Cr | 0.55% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹72.95 Cr | 0.50% |
| Bank Of India | Cash - CD/Time Deposit | ₹71.58 Cr | 0.49% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹71.43 Cr | 0.49% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹70.42 Cr | 0.48% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹70.41 Cr | 0.48% |
| Pilani Investment & Industries Corporation Limited | Cash - Commercial Paper | ₹70.39 Cr | 0.48% |
| 08.39 AP Sdl 2026 | Bond - Gov't/Treasury | ₹50.7 Cr | 0.35% |
| ICICI Bank Ltd. | Cash - CD/Time Deposit | ₹47.88 Cr | 0.33% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹42.48 Cr | 0.29% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹38.15 Cr | 0.26% |
| 08.29 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.05 Cr | 0.17% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹24.64 Cr | 0.17% |
| Canara Bank | Cash - CD/Time Deposit | ₹23.64 Cr | 0.16% |
| 08.23 CG Sdl 2025 | Bond - Gov't/Treasury | ₹10.11 Cr | 0.07% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹10.1 Cr | 0.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹9.51 Cr | 0.07% |
| 08.27 Tn SDL 2026 | Bond - Gov't/Treasury | ₹6.08 Cr | 0.04% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (07/08/2025) (Fv 25 | Interest Rate Swap | ₹-0.17 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (13/09/2025) (Fv 150 | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (10/09/2025) (Fv 500 | Interest Rate Swap | ₹-0.05 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (11/09/2025) (Fv 5 | Interest Rate Swap | ₹-0.04 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹9,027.69 Cr | 61.79% |
| Cash - Commercial Paper | ₹3,713 Cr | 25.41% |
| Cash - Collateral | ₹-2,275.83 Cr | 15.58% |
| Bond - Gov't/Treasury | ₹2,144.15 Cr | 14.67% |
| Cash - Repurchase Agreement | ₹729.92 Cr | 5.00% |
| Bond - Corporate Bond | ₹615.2 Cr | 4.21% |
| Bond - Gov't Agency Debt | ₹473.28 Cr | 3.24% |
| Bond - Short-term Government Bills | ₹141.64 Cr | 0.97% |
| Mutual Fund - Open End | ₹42.48 Cr | 0.29% |
| Interest Rate Swap | ₹-0.42 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
1.52
Cat. avg.
0.03
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.41
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st March 2025
ISIN INF846K01Q62 | Expense Ratio 0.16% | Exit Load No Charges | Fund Size ₹14,611 Cr | Age 5 years 8 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bank of India Money Market Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹158.60 Cr | - |
| Bank of India Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹158.60 Cr | - |
| Zerodha Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹3981.34 Cr | 6.3% |
| Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹2196.81 Cr | 8.2% |
| Mirae Asset Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹2196.81 Cr | 7.8% |
| HSBC Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2536.19 Cr | 8.0% |
| ICICI Prudential Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹24183.52 Cr | 8.1% |
| Bandhan Money Manager Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10048.45 Cr | 8.1% |
| Nippon India Money Market Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹15229.55 Cr | 8.1% |
| Invesco India Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5445.54 Cr | 7.9% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,02,943 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Axis Money Market Fund Direct Growth?
The NAV of Axis Money Market Fund Direct Growth, as of 17-Apr-2025, is ₹1424.70.
What are the returns of Axis Money Market Fund Direct Growth?
The fund has generated 8.15% over the last 1 year and 7.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 22.92% in bonds, and 76.79% in cash and cash equivalents.
Who manages the Axis Money Market Fund Direct Growth?
The fund managers responsible for Axis Money Market Fund Direct Growth are:-
- Devang Shah
- Aditya Pagaria
- Sachin Jain
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
Axis Money Market Fund Direct Growth
DebtMoney MarketModerate Risk
Direct
NAV (17-Apr-25)
₹1424.700.03%1D
Returns (Since Inception)
6.41%
Rated ★4.3+ on
Fund Overview
Fund Size
₹14,611 Cr
Expense Ratio
0.16%
ISIN
INF846K01Q62
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
06 Aug 2019
Risk Level
Your principal amount will be at Moderate Risk
About this fund
Axis Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 8 months and 13 days, having been launched on 06-Aug-19.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹1424.70, Assets Under Management (AUM) of 14611.11 Crores, and an expense ratio of 0.16%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹1424.70, Assets Under Management (AUM) of 14611.11 Crores, and an expense ratio of 0.16%.
- Axis Money Market Fund Direct Growth has given a CAGR return of 6.41% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 22.92% in debts, and 76.79% in cash & cash equivalents.
- You can start investing in Axis Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.15%
+6.93% (Cat Avg.)
3 Years
+7.33%
+6.64% (Cat Avg.)
5 Years
+6.28%
+5.67% (Cat Avg.)
Since Inception
+6.41%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹3,348.81 Cr | 22.92% |
| Others | ₹11,262.3 Cr | 77.08% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash - Collateral | ₹-2,275.83 Cr | 15.58% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹729.92 Cr | 5.00% |
| Canara Bank | Cash - CD/Time Deposit | ₹707.22 Cr | 4.84% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹565.32 Cr | 3.87% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹478.05 Cr | 3.27% |
| Canara Bank | Cash - CD/Time Deposit | ₹468.37 Cr | 3.21% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹448.76 Cr | 3.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹425.51 Cr | 2.91% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹423.82 Cr | 2.90% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹378.44 Cr | 2.59% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹375.43 Cr | 2.57% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹373.94 Cr | 2.56% |
| Indian Bank | Cash - CD/Time Deposit | ₹351.25 Cr | 2.40% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹333.78 Cr | 2.28% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹333.37 Cr | 2.28% |
| Indian Bank | Cash - CD/Time Deposit | ₹331.59 Cr | 2.27% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹329.94 Cr | 2.26% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹327.82 Cr | 2.24% |
| Tata Capital Ltd. | Cash - Commercial Paper | ₹327.1 Cr | 2.24% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹289.13 Cr | 1.98% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹287.77 Cr | 1.97% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹286.06 Cr | 1.96% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹282.75 Cr | 1.94% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹282.67 Cr | 1.93% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹282 Cr | 1.93% |
| 08.38 Tn SDL 2026 | Bond - Gov't/Treasury | ₹251.51 Cr | 1.72% |
| Panatone Finvest Limited | Cash - Commercial Paper | ₹243.34 Cr | 1.67% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹239.26 Cr | 1.64% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹236.16 Cr | 1.62% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹235.94 Cr | 1.61% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹235.11 Cr | 1.61% |
| 08.38 RJ Sdl 2026 | Bond - Gov't/Treasury | ₹233.19 Cr | 1.60% |
| 08.38 HR Sdl 2026 | Bond - Gov't/Treasury | ₹216.51 Cr | 1.48% |
| Piramal Capital & Housing Finance Ltd. | Cash - Commercial Paper | ₹193.22 Cr | 1.32% |
| 364 DTB 23-Oct-2025 | Bond - Gov't/Treasury | ₹193.04 Cr | 1.32% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹192.77 Cr | 1.32% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹191.64 Cr | 1.31% |
| Indian Bank | Cash - CD/Time Deposit | ₹190.72 Cr | 1.31% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹188.85 Cr | 1.29% |
| IDBI Bank Limited (Industrial Development Bank Of India Ltd) | Cash - CD/Time Deposit | ₹188.42 Cr | 1.29% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹187.71 Cr | 1.28% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹187.3 Cr | 1.28% |
| 08.38 KA Sdl 2026 | Bond - Gov't/Treasury | ₹172.43 Cr | 1.18% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹144.19 Cr | 0.99% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹143.79 Cr | 0.98% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹142.86 Cr | 0.98% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹141.96 Cr | 0.97% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹141.88 Cr | 0.97% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹141.82 Cr | 0.97% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹141.75 Cr | 0.97% |
| India (Republic of) | Bond - Short-term Government Bills | ₹141.64 Cr | 0.97% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹140.55 Cr | 0.96% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹117 Cr | 0.80% |
| Phoenix ARc Private Limited | Cash - Commercial Paper | ₹98.71 Cr | 0.68% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹96.62 Cr | 0.66% |
| Piramal Enterprises Ltd. | Bond - Corporate Bond | ₹96.51 Cr | 0.66% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹96.32 Cr | 0.66% |
| Federal Bank Ltd. | Cash - CD/Time Deposit | ₹95.41 Cr | 0.65% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹95.27 Cr | 0.65% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹95.23 Cr | 0.65% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹94.14 Cr | 0.64% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹94.01 Cr | 0.64% |
| Credila Financial Services Limited | Cash - Commercial Paper | ₹93.96 Cr | 0.64% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹93.86 Cr | 0.64% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹93.84 Cr | 0.64% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹93.56 Cr | 0.64% |
| 364 DTB 04122025 | Bond - Gov't/Treasury | ₹91.04 Cr | 0.62% |
| 08.38 OD Sdl 2026 | Bond - Gov't/Treasury | ₹86.19 Cr | 0.59% |
| Mankind Pharma Limited | Cash - Commercial Paper | ₹81.67 Cr | 0.56% |
| 364 DTB 15012026 | Bond - Gov't/Treasury | ₹80.91 Cr | 0.55% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹72.95 Cr | 0.50% |
| Bank Of India | Cash - CD/Time Deposit | ₹71.58 Cr | 0.49% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹71.43 Cr | 0.49% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹70.42 Cr | 0.48% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹70.41 Cr | 0.48% |
| Pilani Investment & Industries Corporation Limited | Cash - Commercial Paper | ₹70.39 Cr | 0.48% |
| 08.39 AP Sdl 2026 | Bond - Gov't/Treasury | ₹50.7 Cr | 0.35% |
| ICICI Bank Ltd. | Cash - CD/Time Deposit | ₹47.88 Cr | 0.33% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹42.48 Cr | 0.29% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹38.15 Cr | 0.26% |
| 08.29 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.05 Cr | 0.17% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹24.64 Cr | 0.17% |
| Canara Bank | Cash - CD/Time Deposit | ₹23.64 Cr | 0.16% |
| 08.23 CG Sdl 2025 | Bond - Gov't/Treasury | ₹10.11 Cr | 0.07% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹10.1 Cr | 0.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹9.51 Cr | 0.07% |
| 08.27 Tn SDL 2026 | Bond - Gov't/Treasury | ₹6.08 Cr | 0.04% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (07/08/2025) (Fv 25 | Interest Rate Swap | ₹-0.17 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (13/09/2025) (Fv 150 | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (10/09/2025) (Fv 500 | Interest Rate Swap | ₹-0.05 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (11/09/2025) (Fv 5 | Interest Rate Swap | ₹-0.04 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹9,027.69 Cr | 61.79% |
| Cash - Commercial Paper | ₹3,713 Cr | 25.41% |
| Cash - Collateral | ₹-2,275.83 Cr | 15.58% |
| Bond - Gov't/Treasury | ₹2,144.15 Cr | 14.67% |
| Cash - Repurchase Agreement | ₹729.92 Cr | 5.00% |
| Bond - Corporate Bond | ₹615.2 Cr | 4.21% |
| Bond - Gov't Agency Debt | ₹473.28 Cr | 3.24% |
| Bond - Short-term Government Bills | ₹141.64 Cr | 0.97% |
| Mutual Fund - Open End | ₹42.48 Cr | 0.29% |
| Interest Rate Swap | ₹-0.42 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
1.52
Cat. avg.
0.03
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.41
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st March 2025
ISIN INF846K01Q62 | Expense Ratio 0.16% | Exit Load No Charges | Fund Size ₹14,611 Cr | Age 5 years 8 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Bank of India Money Market Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹158.60 Cr | - |
| Bank of India Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹158.60 Cr | - |
| Zerodha Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹3981.34 Cr | 6.3% |
| Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹2196.81 Cr | 8.2% |
| Mirae Asset Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹2196.81 Cr | 7.8% |
| HSBC Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2536.19 Cr | 8.0% |
| ICICI Prudential Money Market Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹24183.52 Cr | 8.1% |
| Bandhan Money Manager Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10048.45 Cr | 8.1% |
| Nippon India Money Market Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹15229.55 Cr | 8.1% |
| Invesco India Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5445.54 Cr | 7.9% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,02,943 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Axis Money Market Fund Direct Growth?
The NAV of Axis Money Market Fund Direct Growth, as of 17-Apr-2025, is ₹1424.70.
What are the returns of Axis Money Market Fund Direct Growth?
The fund has generated 8.15% over the last 1 year and 7.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 22.92% in bonds, and 76.79% in cash and cash equivalents.
Who manages the Axis Money Market Fund Direct Growth?
The fund managers responsible for Axis Money Market Fund Direct Growth are:-
- Devang Shah
- Aditya Pagaria
- Sachin Jain
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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