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Axis Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹1376.590.03%1D
Returns (Since Inception)
6.22%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹17,261 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, 3 months and 16 days, having been launched on 06-Aug-19.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1376.59, Assets Under Management (AUM) of 17261.15 Crores, and an expense ratio of 0.16%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1376.59, Assets Under Management (AUM) of 17261.15 Crores, and an expense ratio of 0.16%.
- Axis Money Market Fund Direct Growth has given a CAGR return of 6.22% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 9.60% in debts, and 90.24% 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
+7.91%
— (Cat Avg.)
3 Years
+6.67%
— (Cat Avg.)
5 Years
+6.09%
— (Cat Avg.)
Since Inception
+6.22%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹1,657.63 Cr | 9.60% |
| Others | ₹15,603.52 Cr | 90.40% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Hdfc Bank Limited (19/09/2025) | Cash | ₹611.38 Cr | 3.54% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹515.1 Cr | 2.98% |
| Small Industries Dev Bank Of India (09/10/2025) | Cash | ₹491.72 Cr | 2.85% |
| Canara Bank (11/03/2025) | Cash | ₹488.92 Cr | 2.83% |
| Punjab National Bank (06/02/2025) | Cash | ₹344.46 Cr | 2.00% |
| Canara Bank (28/02/2025) | Cash | ₹342.98 Cr | 1.99% |
| Bank Of Baroda (23/05/2025) | Cash | ₹337.19 Cr | 1.95% |
| Hdfc Bank Limited (15/09/2025) | Cash | ₹329.46 Cr | 1.91% |
| Union Bank Of India (25/02/2025) | Cash | ₹318.66 Cr | 1.85% |
| Bank Of India (25/02/2025) | Cash | ₹318.64 Cr | 1.85% |
| Small Industries Dev Bank Of India (26/06/2025) ** | Cash | ₹310.92 Cr | 1.80% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹294.24 Cr | 1.70% |
| National Bank For Agriculture And Rural Development (26/02/2025) | Cash | ₹294.08 Cr | 1.70% |
| Bank Of Baroda (03/03/2025) | Cash | ₹293.82 Cr | 1.70% |
| Bharti Telecom Limited (19/09/2025) ** | Cash | ₹280.52 Cr | 1.63% |
| Hdfc Bank Limited (04/11/2025) | Cash | ₹279.56 Cr | 1.62% |
| Icici Securities Limited (28/01/2025) ** | Cash | ₹246.3 Cr | 1.43% |
| Bank Of Baroda (07/02/2025) | Cash | ₹246 Cr | 1.43% |
| Kotak Securities Limited (14/03/2025) ** | Cash | ₹243.97 Cr | 1.41% |
| Punjab National Bank (15/05/2025) | Cash | ₹241.19 Cr | 1.40% |
| Indian Bank (23/05/2025) | Cash | ₹240.79 Cr | 1.39% |
| Idfc First Bank Limited (27/05/2025) | Cash | ₹240.51 Cr | 1.39% |
| Idfc First Bank Limited (04/06/2025) | Cash | ₹240.13 Cr | 1.39% |
| Punjab National Bank (25/02/2025) | Cash | ₹220.61 Cr | 1.28% |
| Hdfc Bank Limited (06/03/2025) | Cash | ₹220.23 Cr | 1.28% |
| Punjab National Bank (07/02/2025) | Cash | ₹196.79 Cr | 1.14% |
| India (Republic of) | Bond - Short-term Government Bills | ₹196.66 Cr | 1.14% |
| Indusind Bank Limited (24/02/2025) | Cash | ₹196.13 Cr | 1.14% |
| Small Industries Dev Bank Of India (27/02/2025) | Cash | ₹196.03 Cr | 1.14% |
| Icici Securities Limited (14/03/2025) ** | Cash | ₹195.19 Cr | 1.13% |
| Bank Of Baroda (05/05/2025) | Cash | ₹193.36 Cr | 1.12% |
| Small Industries Dev Bank Of India (28/05/2025) ** | Cash | ₹192.43 Cr | 1.11% |
| Hdfc Bank Limited (02/06/2025) | Cash | ₹192.26 Cr | 1.11% |
| Indusind Bank Limited (05/06/2025) | Cash | ₹192.07 Cr | 1.11% |
| 364 DTB 23-Oct-2025 | Bond - Gov't/Treasury | ₹188.43 Cr | 1.09% |
| Small Industries Dev Bank Of India (07/11/2025) | Cash | ₹186.25 Cr | 1.08% |
| Bharti Telecom Limited (17/10/2025) | Cash | ₹185.84 Cr | 1.08% |
| The Federal Bank Limited (11/03/2025) | Cash | ₹171.09 Cr | 0.99% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹150.91 Cr | 0.87% |
| 08.03 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹146.91 Cr | 0.85% |
| Punjab National Bank (11/03/2025) | Cash | ₹146.68 Cr | 0.85% |
| Infina Finance Private Limited (05/03/2025) ** | Cash | ₹146.57 Cr | 0.85% |
| National Bank For Agriculture And Rural Development (18/03/2025) | Cash | ₹146.46 Cr | 0.85% |
| 08.25 MH Sdl 2025 | Bond - Gov't/Treasury | ₹141.08 Cr | 0.82% |
| 364 DTB 13022025 | Bond - Gov't/Treasury | ₹132.91 Cr | 0.77% |
| Canara Bank (16/01/2025) | Cash | ₹123.53 Cr | 0.72% |
| Small Industries Dev Bank Of India (16/01/2025) | Cash | ₹123.52 Cr | 0.72% |
| Idfc First Bank Limited (21/02/2025) | Cash | ₹122.65 Cr | 0.71% |
| Kotak Mahindra Bank Limited (07/03/2025) | Cash | ₹122.33 Cr | 0.71% |
| Union Bank Of India (26/03/2025) | Cash | ₹121.87 Cr | 0.71% |
| Infina Finance Private Limited (21/03/2025) ** | Cash | ₹116.86 Cr | 0.68% |
| 06.03 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹99.82 Cr | 0.58% |
| 182 DTB 05122024 | Bond - Gov't/Treasury | ₹99.67 Cr | 0.58% |
| 05.89 AP Sdl 2025 | Bond - Gov't/Treasury | ₹99.67 Cr | 0.58% |
| 182 Day T-Bill 19.12.24 | Bond - Gov't/Treasury | ₹99.42 Cr | 0.58% |
| 364 DTB 02052024 | Bond - Gov't/Treasury | ₹98.82 Cr | 0.57% |
| 364 DTB | Bond - Gov't/Treasury | ₹98.21 Cr | 0.57% |
| Indusind Bank Limited (18/02/2025) | Cash | ₹98.18 Cr | 0.57% |
| Kotak Mahindra Bank Limited (20/02/2025) | Cash | ₹98.15 Cr | 0.57% |
| Shriram Housing Finance Limited (13/02/2025) ** | Cash | ₹98.15 Cr | 0.57% |
| Indusind Bank Limited (25/02/2025) | Cash | ₹98.04 Cr | 0.57% |
| Icici Securities Limited (21/02/2025) ** | Cash | ₹98.02 Cr | 0.57% |
| Piramal Enterprises Limited (14/02/2025) ** | Cash | ₹97.97 Cr | 0.57% |
| Icici Securities Limited (25/02/2025) ** | Cash | ₹97.94 Cr | 0.57% |
| Canara Bank (07/03/2025) | Cash | ₹97.86 Cr | 0.57% |
| 360 One Wam Limited (21/02/2025) ** | Cash | ₹97.82 Cr | 0.57% |
| Export Import Bank Of India (10/03/2025) ** | Cash | ₹97.8 Cr | 0.57% |
| Indian Bank (13/03/2025) | Cash | ₹97.74 Cr | 0.57% |
| Tata Projects Limited (12/03/2025) | Cash | ₹97.66 Cr | 0.57% |
| Lic Housing Finance Limited (18/03/2025) ** | Cash | ₹97.63 Cr | 0.57% |
| Infina Finance Private Limited (14/03/2025) ** | Cash | ₹97.53 Cr | 0.57% |
| 360 One Prime Limited (07/03/2025) ** | Cash | ₹97.5 Cr | 0.56% |
| Piramal Capital & Housing Finance Limited (25/03/2025) ** | Cash | ₹97.1 Cr | 0.56% |
| Infina Finance Private Limited (06/05/2025) ** | Cash | ₹96.35 Cr | 0.56% |
| Piramal Capital & Housing Finance Limited (15/05/2025) ** | Cash | ₹95.93 Cr | 0.56% |
| Mindspace Business Parks Reit (06/06/2025) ** | Cash | ₹95.87 Cr | 0.56% |
| 08.14 MH Sdl 2025 | Bond - Gov't/Treasury | ₹95.71 Cr | 0.55% |
| Phoenix Arc Pvt Limited (26/05/2025) ** | Cash | ₹95.4 Cr | 0.55% |
| Sundaram Home Finance Limited (28/08/2025) ** | Cash | ₹94.35 Cr | 0.55% |
| Standard Chartered Capital Limited (16/09/2025) ** | Cash | ₹93.72 Cr | 0.54% |
| Tata Capital Housing Finance Limited (10/10/2025) ** | Cash | ₹93.59 Cr | 0.54% |
| Icici Securities Limited (10/03/2025) ** | Cash | ₹87.91 Cr | 0.51% |
| Mankind Pharma Limited (17/10/2025) ** | Cash | ₹79.27 Cr | 0.46% |
| Icici Securities Limited (23/01/2025) ** | Cash | ₹73.97 Cr | 0.43% |
| Godrej Housing Finance Limited (17/02/2025) ** | Cash | ₹73.62 Cr | 0.43% |
| Godrej Finance Limited (17/02/2025) ** | Cash | ₹73.55 Cr | 0.43% |
| Union Bank Of India (27/02/2025) | Cash | ₹73.51 Cr | 0.43% |
| National Bank For Agriculture And Rural Development (07/03/2025) | Cash | ₹73.39 Cr | 0.43% |
| Bank Of Baroda (10/03/2025) | Cash | ₹73.36 Cr | 0.42% |
| Birla Group Holdings Private Limited (13/03/2025) ** | Cash | ₹73.18 Cr | 0.42% |
| Motilal Oswal Financial Services Limited (09/06/2025) ** | Cash | ₹71.6 Cr | 0.41% |
| 08.10 Wb SDL 2025 | Bond - Gov't/Treasury | ₹71.27 Cr | 0.41% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹69.86 Cr | 0.40% |
| 364 DTB | Bond - Gov't/Treasury | ₹59.36 Cr | 0.34% |
| National Bank For Agriculture And Rural Development (14/02/2025) | Cash | ₹54.04 Cr | 0.31% |
| Union Bank Of India (17/01/2025) | Cash | ₹49.4 Cr | 0.29% |
| Larsen & Toubro Limited (31/01/2025) ** | Cash | ₹49.26 Cr | 0.29% |
| Motilal Oswal Financial Services Limited (06/02/2025) ** | Cash | ₹49.14 Cr | 0.28% |
| Motilal Oswal Financial Services Limited (07/02/2025) ** | Cash | ₹49.13 Cr | 0.28% |
| Canara Bank (06/03/2025) | Cash | ₹48.94 Cr | 0.28% |
| Bharti Telecom Limited (26/02/2025) ** | Cash | ₹48.92 Cr | 0.28% |
| Tata Projects Limited (05/03/2025) | Cash | ₹48.9 Cr | 0.28% |
| Hdfc Bank Limited (12/03/2025) | Cash | ₹48.88 Cr | 0.28% |
| Kotak Securities Limited (07/03/2025) ** | Cash | ₹48.86 Cr | 0.28% |
| Union Bank Of India (18/03/2025) | Cash | ₹48.82 Cr | 0.28% |
| Canara Bank (20/03/2025) | Cash | ₹48.81 Cr | 0.28% |
| Birla Group Holdings Private Limited (05/06/2025) ** | Cash | ₹47.88 Cr | 0.28% |
| The Federal Bank Limited (09/09/2025) | Cash | ₹47.1 Cr | 0.27% |
| 08.27 HR Sdl 2025 | Bond - Gov't/Treasury | ₹45.35 Cr | 0.26% |
| 08.10 Tn SDL 2025 | Bond - Gov't/Treasury | ₹35.16 Cr | 0.20% |
| Jm Financial Services Limited (15/01/2025) ** | Cash | ₹34.52 Cr | 0.20% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹27.37 Cr | 0.16% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹26.08 Cr | 0.15% |
| 08.20 Up SDL 2025 | Bond - Gov't/Treasury | ₹25.21 Cr | 0.15% |
| 08.29 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.19 Cr | 0.15% |
| Hdfc Bank Limited (28/01/2025) | Cash | ₹24.65 Cr | 0.14% |
| Birla Group Holdings Private Limited (03/02/2025) ** | Cash | ₹24.59 Cr | 0.14% |
| Birla Group Holdings Private Limited (05/02/2025) | Cash | ₹24.58 Cr | 0.14% |
| Union Bank Of India (21/02/2025) | Cash | ₹24.53 Cr | 0.14% |
| Aditya Birla Finance Limited (25/02/2025) ** | Cash | ₹24.49 Cr | 0.14% |
| Julius Baer Capital India Pvt Ltd (27/02/2025) ** | Cash | ₹24.45 Cr | 0.14% |
| Pilani Investment And Industries Corporation Limited (20/03/2025) ** | Cash | ₹24.35 Cr | 0.14% |
| 07.95 OIL SPL 2025 | Bond - Gov't Agency Debt | ₹20.03 Cr | 0.12% |
| 08.09 KL Sdl 2025 | Bond - Gov't/Treasury | ₹15.07 Cr | 0.09% |
| 08.07 Tn SDL 2025feb | Bond - Gov't/Treasury | ₹15.05 Cr | 0.09% |
| 08.06 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹14.85 Cr | 0.09% |
| 08.07 Tn SDL 2025 | Bond - Gov't/Treasury | ₹10.03 Cr | 0.06% |
| Indusind Bank Limited (23/01/2025) | Cash | ₹9.87 Cr | 0.06% |
| 08.05 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.03% |
| 364 DTB 28112024 | Bond - Gov't/Treasury | ₹4.99 Cr | 0.03% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-4.03 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹14,337.72 Cr | 83.06% |
| Bond - Gov't/Treasury | ₹2,168.29 Cr | 12.56% |
| Cash - Repurchase Agreement | ₹515.1 Cr | 2.98% |
| Bond - Short-term Government Bills | ₹196.66 Cr | 1.14% |
| Mutual Fund - Open End | ₹27.37 Cr | 0.16% |
| Bond - Gov't Agency Debt | ₹20.03 Cr | 0.12% |
| Cash - Collateral | ₹-4.03 Cr | 0.02% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.53
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
Additional Scheme Detailsas of 15th November 2024
ISIN INF846K01Q62 | Expense Ratio 0.16% | Exit Load No Charges | Fund Size ₹17,261 Cr | Age 5 years 3 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  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,29,913 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 Low to Moderate Risk
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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 21-Nov-2024, is ₹1376.59.
What are the returns of Axis Money Market Fund Direct Growth?
The fund has generated 7.91% over the last 1 year and 6.67% 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, 9.60% in bonds, and 90.24% 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
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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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.
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.