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Unrated

Axis Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.95 0.02 0.04 0.33 1.07 2.51 6.33 -- -- -- --
CCIL T Bill Liquidity Weight 2.99 0.04 0.01 0.21 0.57 1.21 3.19 -- -- -- --
Debt: Money Market 5.31 0.01 0.04 0.28 0.93 2.22 5.66 -- -- -- --
Rank within category 5 3 3 1 3 6 4 -- -- -- --
Number of funds in category 18 18 18 18 18 18 18 12 12 12 12

As on 04-Dec-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Money Market Fund - Regular Plan
Unrated
Aug-19 6.33 -- -- 0.31 1,825
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.64 7.41 7.25 0.35 12,795
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.75 7.60 7.47 0.34 11,974
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 6.31 7.33 7.27 0.33 11,577
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
Feb-02 6.10 7.33 7.49 0.28 1,336

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.54 (24-Mar-2020 - 31-Mar-2020) -1.03 (17-Mar-2020 - 24-Mar-2020)
Month 2.24 (24-Mar-2020 - 23-Apr-2020) -0.67 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.83 (24-Mar-2020 - 24-Jun-2020) 0.14 (24-Dec-2019 - 24-Mar-2020)
Year 7.44 (07-Aug-2019 - 06-Aug-2020) 6.41 (28-Nov-2019 - 27-Nov-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.83 0.33 -3.20 -6.41 -- --
Debt: Money Market* 6.77 1.03 2.78 5.68 1.32 3.27
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 47 15 42
Modified Duration (yrs) 0.42 0.64 0.27 --
Average Maturity (yrs) 0.44 0.68 0.28 --
Yield to Maturity (%) 3.66 5.79 3.66 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 6.40 6.40
down Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 10.44 6.22
new Reserve Bank of India 182-D 11/02/2021 Treasury Bills SOV 0.00 - 5.43 5.43
new 8.66% Maharashtra State 21/09/2021 State Development Loan SOV 0.00 - 4.69 4.69
new Barclays Investments & Loans 180-D 26/04/2021 Commercial Paper A1+ 0.00 - 3.76 3.76
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 7.18 3.26
new 5.54% Madhya Pradesh State 15/10/2021 State Development Loan SOV 0.00 - 2.79 2.79
equal Aditya Birla Fashion and Retail 91-D 02/11/2020 Commercial Paper A1+ 0.00 - 4.39 2.74
equal Tata Teleservices (Mah) 88-D 04/12/2020 Commercial Paper A1+ 0.00 - 4.21 2.73
equal Britannia Inds. 357-D 08/01/2021 Commercial Paper A1+ 0.00 - 8.75 2.72
equal Tata Capital Housing Finance 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 11.72 2.71
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 4.18 2.71
equal Adani Ports and Special Economic Zone 214-D 19/03/2021 Commercial Paper A1+ 0.00 - 4.32 2.70
equal Daimler Financial Services 191-D 12/03/2021 Commercial Paper A1+ 0.00 - 4.17 2.70
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 4.17 2.70
new Hero FinCorp 214-D 17/05/2021 Commercial Paper A1+ 0.00 - 2.68 2.68
new LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.68 2.68
equal Cholamandalam Invest. & Fin. 273-D 21/05/2021 Commercial Paper A1+ 0.00 - 4.28 2.68
new 9.09% Maharashtra State 19/10/2021 State Development Loan SOV 0.00 - 2.30 2.30
equal Godrej Properties 182-D 23/02/2021 Commercial Paper A1+ 0.00 - 4.32 2.16
equal Bahadur Chand Investments 84-D 05/11/2020 Commercial Paper A1+ 0.00 - 3.07 1.92
equal UPL 91-D 09/11/2020 Commercial Paper A1+ 0.00 - 3.08 1.92
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 8.51 1.84
new Tata Motors Finance 351-D 28/09/2021 Commercial Paper A1+ 0.00 - 1.83 1.83
new Jubilant Life Sciences 45-D 26/11/2020 Commercial Paper A1+ 0.00 - 1.64 1.64

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2020

Fund Manager

— Aditya Pagaria since 26-Jul-2019

Education: 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.

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

Funds Managed:

— Devang Shah since 26-Jul-2019

Education: Mr. Shah is B.Com and ACA.

Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Funds Managed:


0.02%

Change from previous, NAV as on 04-Dec-2020

Growth: ₹ 1,091.4955

Dividend Yearly: ₹ 1,091.4886

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Dividend Quarterly: ₹ 1,043.1341

Dividend Monthly: ₹ 1,006.2834

Dividend Daily: ₹ 1,005.6127


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 06-Aug-2019
Return Since Launch: 6.80%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,825 Cr (As on 31-Oct-2020)
Expense: 0.31% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily01-Dec-20200.2909

 27-Nov-20200.0663
 26-Nov-20200.2084
 25-Nov-20200.1014
 24-Nov-20200.1432
 23-Nov-20200.3753
 20-Nov-20200.1769
 19-Nov-20200.2100
 18-Nov-20200.1638
 17-Nov-20200.3699
 13-Nov-20200.1218
 12-Nov-20200.1489
 11-Nov-20200.1103
 10-Nov-20200.0853
 09-Nov-20200.3226
 06-Nov-20200.1295
 05-Nov-20200.1116
 04-Nov-20200.1218
 03-Nov-20200.0800
 02-Nov-20200.3646
 29-Oct-20200.1389
 28-Oct-20200.0985
 27-Oct-20200.1223
 26-Oct-20200.3144
 23-Oct-20200.1105
Dividend Monthly25-Nov-20203.5103

 26-Oct-20204.3829
 25-Sep-20203.4112
 25-Aug-20203.2392
 27-Jul-20204.6047
 25-Jun-20205.4944
 26-May-20207.4551
 27-Apr-202012.6853
 25-Feb-20203.5751
 27-Jan-20203.6969
 26-Dec-20193.2076
 25-Nov-20194.2573
 25-Oct-20194.9245
 25-Sep-20193.9418
 26-Aug-20193.0651
Dividend Quarterly25-Sep-202010.0000

 26-Jun-202010.0000
 27-Mar-20207.2032
 27-Dec-20197.2032
 26-Sep-20194.6821

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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