Axis Money Market Fund Regular Growth
DebtMoney MarketLow to Moderate Risk
Regular
NAV (05-Sep-24)
₹1344.330.02%1D
Returns (Since Inception)
5.99%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹14,606 Cr
Expense Ratio
0.31%
ISIN
INF846K01R46
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
06 Aug 2019
About this fund
Axis Money Market Fund Regular Growth is a Money Market mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 1 months and 1 days, having been launched on 06-Aug-19.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1344.33, Assets Under Management (AUM) of 14605.75 Crores, and an expense ratio of 0.31%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1344.33, Assets Under Management (AUM) of 14605.75 Crores, and an expense ratio of 0.31%.
- Axis Money Market Fund Regular Growth has given a CAGR return of 5.99% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 23.24% in debts, and 76.58% in cash & cash equivalents.
- You can start investing in Axis Money Market Fund Regular 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
+7.58%
+6.56% (Cat Avg.)
3 Years
+6.19%
+5.61% (Cat Avg.)
5 Years
+5.92%
+5.29% (Cat Avg.)
Since Inception
+5.99%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹3,393.73 Cr | 23.24% |
| Others | ₹11,212.02 Cr | 76.76% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Canara Bank | Bond - Gov't Agency Debt | ₹479.6 Cr | 3.28% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹410.29 Cr | 2.81% |
| Larsen And Toubro Limited | Cash - Commercial Paper | ₹386.68 Cr | 2.65% |
| Canara Bank | Cash - CD/Time Deposit | ₹363.57 Cr | 2.49% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹341.85 Cr | 2.34% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹331.82 Cr | 2.27% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹328.92 Cr | 2.25% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹313.65 Cr | 2.15% |
| Bank Of India | Cash - CD/Time Deposit | ₹312.59 Cr | 2.14% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹289.61 Cr | 1.98% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹288.5 Cr | 1.98% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹264.35 Cr | 1.81% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹264.04 Cr | 1.81% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹243.69 Cr | 1.67% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹239.09 Cr | 1.64% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹236.57 Cr | 1.62% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹195.07 Cr | 1.34% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹193.87 Cr | 1.33% |
| India (Republic of) | Bond - Short-term Government Bills | ₹193.31 Cr | 1.32% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹192.34 Cr | 1.32% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹191.31 Cr | 1.31% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹188.63 Cr | 1.29% |
| India (Republic of) | Bond - Short-term Government Bills | ₹179.03 Cr | 1.23% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹167.81 Cr | 1.15% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹159.54 Cr | 1.09% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹155.28 Cr | 1.06% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹151.05 Cr | 1.03% |
| 08.03 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹147.18 Cr | 1.01% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹145.4 Cr | 1.00% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹145.31 Cr | 0.99% |
| Icici Securities Limited | Cash - Commercial Paper | ₹144.84 Cr | 0.99% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹144.7 Cr | 0.99% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹144.33 Cr | 0.99% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹144.29 Cr | 0.99% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹144.26 Cr | 0.99% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹143.86 Cr | 0.98% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹143.85 Cr | 0.98% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹143.67 Cr | 0.98% |
| 08.25 MH Sdl 2025 | Bond - Gov't/Treasury | ₹141.3 Cr | 0.97% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹120.76 Cr | 0.83% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹120.02 Cr | 0.82% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹120 Cr | 0.82% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹114.43 Cr | 0.78% |
| 360 One Wam Limited | Cash - Commercial Paper | ₹99.52 Cr | 0.68% |
| 05.89 AP Sdl 2025 | Bond - Gov't/Treasury | ₹99.3 Cr | 0.68% |
| 182 DTB 05122024 | Bond - Gov't/Treasury | ₹98.02 Cr | 0.67% |
| Tata Projects Limited | Cash - Commercial Paper | ₹97.82 Cr | 0.67% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹97.79 Cr | 0.67% |
| 182 DTB 19122024 | Bond - Gov't/Treasury | ₹97.77 Cr | 0.67% |
| Canara Bank | Cash - CD/Time Deposit | ₹97.65 Cr | 0.67% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹97.56 Cr | 0.67% |
| 360 One Prime Limited | Cash - Commercial Paper | ₹97.28 Cr | 0.67% |
| India (Republic of) | Bond - Short-term Government Bills | ₹97.16 Cr | 0.67% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹97.09 Cr | 0.66% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹96.56 Cr | 0.66% |
| India (Republic of) | Bond - Short-term Government Bills | ₹96.54 Cr | 0.66% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹96.53 Cr | 0.66% |
| Icici Securities Limited | Cash - Commercial Paper | ₹96.52 Cr | 0.66% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹96.52 Cr | 0.66% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹96.29 Cr | 0.66% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹96.29 Cr | 0.66% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹96.28 Cr | 0.66% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹96.22 Cr | 0.66% |
| Infina Finance Pvt Ltd. | Cash - Commercial Paper | ₹96.22 Cr | 0.66% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹96.15 Cr | 0.66% |
| Icici Securities Limited | Cash - Commercial Paper | ₹96.07 Cr | 0.66% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹95.99 Cr | 0.66% |
| Export-Import Bank of India | Cash - Commercial Paper | ₹95.96 Cr | 0.66% |
| Indian Bank | Bond - Gov't Agency Debt | ₹95.87 Cr | 0.66% |
| 08.14 MH Sdl 2025 | Bond - Gov't/Treasury | ₹95.85 Cr | 0.66% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹95.76 Cr | 0.66% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹95.63 Cr | 0.65% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹95.5 Cr | 0.65% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹95.44 Cr | 0.65% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹95.35 Cr | 0.65% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹93.83 Cr | 0.64% |
| Phoenix Arc Private Limited | Cash - Commercial Paper | ₹93.19 Cr | 0.64% |
| 364 DTB 24102024 | Bond - Gov't/Treasury | ₹74.08 Cr | 0.51% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹73.35 Cr | 0.50% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹72.54 Cr | 0.50% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹72.32 Cr | 0.50% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹72.15 Cr | 0.49% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹72.11 Cr | 0.49% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹72.09 Cr | 0.49% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹71.99 Cr | 0.49% |
| Godrej Finance Ltd. | Cash - Commercial Paper | ₹71.99 Cr | 0.49% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹71.96 Cr | 0.49% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹71.61 Cr | 0.49% |
| 08.10 Wb SDL 2025 | Bond - Gov't/Treasury | ₹71.45 Cr | 0.49% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹70.07 Cr | 0.48% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹68.68 Cr | 0.47% |
| India (Republic of) | Bond - Short-term Government Bills | ₹58.37 Cr | 0.40% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.47 Cr | 0.33% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.42 Cr | 0.33% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹48.41 Cr | 0.33% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹48.32 Cr | 0.33% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹48.2 Cr | 0.33% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹48.04 Cr | 0.33% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹48.02 Cr | 0.33% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹47.91 Cr | 0.33% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹47.89 Cr | 0.33% |
| Canara Bank | Bond - Gov't Agency Debt | ₹47.88 Cr | 0.33% |
| 08.27 HR Sdl 2025 | Bond - Gov't/Treasury | ₹45.43 Cr | 0.31% |
| Canara Bank | Cash - CD/Time Deposit | ₹39.04 Cr | 0.27% |
| 08.10 Tn SDL 2025 | Bond - Gov't/Treasury | ₹35.24 Cr | 0.24% |
| 91 DTB 31102024 | Bond - Gov't/Treasury | ₹34.53 Cr | 0.24% |
| Net Receivables / (Payables) | Cash - Collateral | ₹34.32 Cr | 0.23% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹33.75 Cr | 0.23% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹27.11 Cr | 0.19% |
| 08.07 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹26.14 Cr | 0.18% |
| 08.29 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.23 Cr | 0.17% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹24.57 Cr | 0.17% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹24.5 Cr | 0.17% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹24.06 Cr | 0.16% |
| Pilani Investment And Industries Corporation Ltd. | Cash - Commercial Paper | ₹23.83 Cr | 0.16% |
| 07.95 OIL SPL 2025 | Bond - Gov't Agency Debt | ₹20.07 Cr | 0.14% |
| 08.09 MP Sdl 2025 | Bond - Gov't/Treasury | ₹15.1 Cr | 0.10% |
| 08.09 KL Sdl 2025 | Bond - Gov't/Treasury | ₹15.1 Cr | 0.10% |
| 08.07 Tn SDL 2025feb | Bond - Gov't/Treasury | ₹15.08 Cr | 0.10% |
| 08.06 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹14.88 Cr | 0.10% |
| 08.07 Tn SDL 2025 | Bond - Gov't/Treasury | ₹10.05 Cr | 0.07% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹9.68 Cr | 0.07% |
| 08.05 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.03% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.93 Cr | 0.03% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹6,695.6 Cr | 45.84% |
| Cash - Commercial Paper | ₹4,012.53 Cr | 27.47% |
| Bond - Gov't/Treasury | ₹1,311.06 Cr | 8.98% |
| Bond - Gov't Agency Debt | ₹835.22 Cr | 5.72% |
| Bond - Corporate Bond | ₹731.65 Cr | 5.01% |
| Bond - Short-term Government Bills | ₹629.34 Cr | 4.31% |
| Cash - Repurchase Agreement | ₹328.92 Cr | 2.25% |
| Cash - Collateral | ₹34.32 Cr | 0.23% |
| Mutual Fund - Open End | ₹27.11 Cr | 0.19% |
Risk & Performance Ratios
Standard Deviation
This fund
0.56%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
0.74
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Additional Scheme Detailsas of 15th August 2024
ISIN | INF846K01R46 | Expense Ratio | 0.31% | Exit Load | No Charges | Fund Size | ₹14,606 Cr | Age | 06 Aug 2019 | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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% | ₹497.24 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹175.41 Cr | 7.2% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹175.41 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹102.05 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹102.05 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹25.89 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹25.89 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27172.45 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1924.84 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹28157.84 Cr | 7.5% |
About the AMC
Total AUM
₹3,09,497 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 Regular Growth?
The NAV of Axis Money Market Fund Regular Growth, as of 05-Sep-2024, is ₹1344.33.
What are the returns of Axis Money Market Fund Regular Growth?
The fund has generated 7.58% over the last 1 year and 6.19% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 23.24% in bonds, and 76.58% in cash and cash equivalents.
Who manages the Axis Money Market Fund Regular Growth?
The fund managers responsible for Axis Money Market Fund Regular 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 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 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.