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Mutual FundsAxis Money Market Fund Direct - GrowthA
Axis Money Market Fund Direct - Growth
5 Year Absolute Returns
35.03%
NAV (₹) on 11 Jul 2025
1,451.4557
1 Day NAV Change
+0.14%5
Morningstar
5
Value Research
About Fund
Axis Money Market Fund Direct - Growth is a Debt mutual fund scheme launched on 06 Aug 2019. Investors can begin their investment journey with a minimum SIP of ₹1,000 or a lumpsum investment of ₹5,000. The fund manages total assets worth ₹18,168.60 crores, and the current NAV stands at ₹1,451.4557 as of 11 Jul 2025. The fund has delivered absolute returns of 8.32% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 7.65%. For 5 years it has given a CAGR of 6.19%. The expense ratio of the fund is 0.16%.
NAV
NIFTY50
NAV
NIFTY50
Returns Calculator
Based on Annualised Returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 35.08 L
6.02%
₹ 35.24 L
6.19%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 30,00,000
Returns
₹ 5,23,672 (17.46%)
Maturity Value
₹ 35,23,672
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Returns Comparison
| This Fund | 1M Returns | 3M Returns | 6M Returns | 1Y Returns | 3Y Returns | 5Y Returns |
|---|---|---|---|---|---|---|
| Direct | 0.58% | 2.01% | 4.44% | 8.32% | 24.75% | 35.03% |
| Regular | 0.57% | 1.97% | 4.36% | 8.14% | 24.16% | 33.97% |
*The above returns are absolute.
Fund Details
Min. SIP Amount
₹ 1,000.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 18,168.60
Expense Ratio
0.16%
Lock-in Period
No Lock in Period
Inception Date
06 Aug 2019
Fund Age
5 Yrs
Benchmark
NIFTY Money Market Index A-I
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Nil
Tax Implication
- Returns to be taxed as per your normal Income Tax slab.
Fund Returns Vs Nifty 50
Asset Allocation
AUM
₹18,168.60 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 30 Jun 2025
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Other | 100.00% |
Stock Holdings
as of 30 Jun 2025
| Name | Allocation | Weightage |
|---|---|---|
 A Axis Money Market Dir Gr | 9.75% | |
C Canara Bank | 3.98% | |
H HDFC Bank Limited | 3.78% | |
N Net Receivables / (Payables) | 3.64% | |
N National Bank For Agriculture And Rural Development | 3.18% | |
S Small Industries Development Bank Of India | 3.17% | |
N National Bank For Agriculture And Rural Development | 2.91% | |
 G GOI TBILL 364D-18/12/25 | 2.68% | |
U Union Bank of India | 2.59% | |
B Bajaj Housing Finance Ltd. | 2.53% | |
C Canara Bank | 2.39% | |
S Small Industries Development Bank Of India | 2.26% | |
C Clearing Corporation Of India Ltd | 2.23% | |
C Canara Bank | 2.11% | |
B Bharti Telecom Limited | 2.11% | |
I Indian Bank | 1.98% | |
I Indusind Bank Limited | 1.88% | |
I Indusind Bank Limited | 1.86% | |
L L&T Finance Ltd. | 1.81% | |
T The Federal Bank Limited | 1.61% | |
 G GOI TBILL 364D-05/02/26 | 1.60% | |
U Union Bank Of India | 1.60% | |
I IDFC First Bank Ltd. | 1.59% | |
H HDFC Bank Limited | 1.59% | |
S Small Industries Development Bank Of India | 1.56% | |
S Small Industries Development Bank Of India | 1.46% | |
N National Bank for Agriculture and Rural Development | 1.33% | |
K Kotak Mahindra Bank Ltd. | 1.33% | |
K Kotak Mahindra Bank Limited | 1.32% | |
H HDFC Bank Ltd. | 1.32% | |
B Birla Group Holdings Private Limited | 1.32% | |
T Tata Capital Ltd. | 1.30% | |
L L&T Finance Ltd. | 1.30% | |
C Cholamandalam Investment & Finance Co Ltd. | 1.29% | |
0 08.67 KA Sdl 2026 | 1.18% | |
K Kotak Mahindra Prime Ltd. | 1.15% | |
0 08.38 RJ Sdl 2026 | 1.14% | |
B Bharti Telecom Limited | 1.08% | |
E Export-Import Bank Of India | 1.06% | |
I IDBI Bank Limited (Industrial Development Bank Of India Ltd) | 1.06% | |
I IDBI Bank Limited | 1.06% | |
S Small Industries Development Bank Of India | 1.06% | |
N National Bank For Agriculture & Rural Development** | 1.05% | |
0 08.38 HR Sdl 2026 | 1.05% | |
P Punjab National Bank | 0.98% | |
0 08.38 KA Sdl 2026 | 0.95% | |
B Bank Of India | 0.93% | |
0 08.38 Tn SDL 2026 | 0.88% | |
I Indusind Bank Ltd. | 0.80% | |
K Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 0.80% | |
K Kotak Mahindra Bank Limited | 0.80% | |
T The Federal Bank Limited | 0.80% | |
T Tata Capital Housing Finance Ltd. | 0.80% | |
 G GOI TBILL 364D-05/03/26 | 0.80% | |
A Au Small Finance Bank Limited | 0.80% | |
N National Bank For Agriculture And Rural Development | 0.79% | |
G Godrej Finance Limited | 0.79% | |
P Piramal Enterprises Ltd. | 0.79% | |
N National Bank for Agriculture and Rural Development | 0.79% | |
T Tata Capital Limited (11/03/2026) ** | 0.79% | |
P Piramal Enterprises Ltd. | 0.79% | |
I Infina Finance Private Limited | 0.66% | |
F Federal Bank Ltd. | 0.54% | |
P Piramal Finance Limited | 0.54% | |
U Union Bank Of India | 0.53% | |
B Birla Group Holdings Private Limited | 0.53% | |
T The Federal Bank Limited | 0.53% | |
H HDFC Bank Limited | 0.53% | |
G Godrej Housing Finance Limited | 0.53% | |
C Credila Financial Services Limited | 0.53% | |
S Standard Chartered Capital Limited | 0.53% | |
0 06.90 OIL SPL 2026 | 0.53% | |
S Small Industries Development Bank Of India | 0.52% | |
L L&T Finance Ltd. | 0.52% | |
T Truhome Finance Ltd. | 0.52% | |
0 08.38 OD Sdl 2026 | 0.47% | |
M Mankind Pharma Limited | 0.46% | |
 G GOI TBILL 364D-15/01/26 | 0.45% | |
B Birla Group Holdings Private Limited | 0.40% | |
N National Bank For Agriculture And Rural Development | 0.40% | |
B Birla Group Holdings Private Limited | 0.40% | |
P Pilani Investment & Industries Corporation Limited | 0.40% | |
0 08.83 Up SDL 2026 | 0.36% | |
0 08.47 MH Sdl 2026 | 0.28% | |
0 08.39 AP Sdl 2026 | 0.28% | |
 G GOI TBILL 364D-23/10/25 | 0.27% | |
A AU Small Finance Bank Ltd. | 0.27% | |
K Kotak Mahindra Bank Ltd. | 0.26% | |
E Export-Import Bank of India | 0.26% | |
S SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.24% | |
0 08.69 Tn SDL 2026 | 0.22% | |
B Bank Of India | 0.13% | |
C Canara Bank | 0.13% | |
H HDFC Bank Limited | 0.13% | |
B Birla Group Holdings Private Limited | 0.13% | |
0 08.23 CG Sdl 2025 | 0.06% | |
0 08.17 Tn SDL 2025 | 0.06% | |
C Canara Bank | 0.05% | |
0 08.27 Tn SDL 2026 | 0.03% | |
0 08.60 BR Sdl 2026 | 0.03% | |
I Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (07/08/2025) (Fv 25 | 0.00% | |
I Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (11/09/2025) (Fv 5 | 0.00% | |
S Standard Chartered Capital Limited | 0.00% | |
B Bharti Telecom Limited | 0.00% |
Start SIP with as Low as ₹100.
Fund Comparison
Fund Managers
Name
Devang Shah
Qualification
B.Com., A.C.A.
Name
Aditya Pagaria
Qualification
PGDBM
Name
Sachin Jain
Qualification
PGDM, B.TECH
Fund Objective
To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Moderately Low Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Axis Mutual Fund
Funds Managed
67
Assets Managed (₹ Cr)
₹ 3,35,539.21
Contact Details
Registered Address
One Lodha Place. 22nd & 23rd Floor,Senapati Bapat Marg, Lower Parel, Maharashtra, Mumbai - 400013.
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View AllFAQs
When was Axis Money Market Fund launched?
Axis Money Market Fund was launched on 06 Aug 2019.
What is the current NAV of Axis Money Market Fund?
The current NAV of Axis Money Market Fund is ₹1,451.4557 as of 11 Jul 2025.
What is the AUM of Axis Money Market Fund?
The latest value of AUM of Axis Money Market Fund is ₹18,168.60 crores as of 11 Jul 2025.
What is the rate of return of Axis Money Market Fund?
The return on investment of Axis Money Market Fund is:
- In the past 1Y: 8.32%
- In the past 3Y: 7.65%
- In the past 5Y: 6.19%
What is the expense ratio of Axis Money Market Fund?
The expense ratio of Axis Money Market Fund is 0.16%.
What is exit load of Axis Money Market Fund?
The exit load of Axis Money Market Fund is as follows:
Nil
How risky is investing in Axis Money Market Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Axis Money Market Fund is Moderately Low.
Who is the fund manager Axis Money Market Fund?
The fund manager of Axis Money Market Fund is Devang Shah, Aditya Pagaria, Sachin Jain.
What is the minimum investment required in Axis Money Market Fund?
If you wish to invest in Axis Money Market Fund, the minimum SIP amount is ₹1,000 and Lumpsum is ₹5,000.
How to invest in Axis Money Market Fund directly?
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in Axis Money Market Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
Invest in
Axis Money Market Fund
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