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4 star

Axis Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 1.33 0.01 0.06 0.32 1.05 1.89 5.11 -- -- -- --
CCIL T Bill Liquidity Weight 0.67 0.03 0.04 0.18 0.52 0.98 2.24 -- -- -- --
Debt: Money Market 1.22 0.01 0.06 0.30 0.98 1.73 4.66 -- -- -- --
Rank within category 7 3 5 8 7 4 5 -- -- -- --
Number of funds in category 18 18 18 18 18 17 17 13 12 12 12

As on 07-May-2021

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
4 star
Aug-19 5.11 -- -- 0.31 2,162
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 5.45 7.14 7.09 0.30 14,499
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 5.32 6.98 6.88 0.35 14,232
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.19 6.85 6.89 0.33 13,633
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.49 4.40 5.39 0.44 3,236

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.07 23-Apr-2020 - 23-Apr-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.56 0.38 -2.17 -5.20 -- --
Debt: Money Market* 6.50 1.10 2.66 5.44 1.40 3.26
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-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 45 55 19 45
Modified Duration (yrs) 0.38 0.55 0.24 0.46
Average Maturity (yrs) 0.38 0.58 0.24 0.47
Yield to Maturity (%) 3.76 4.56 3.38 3.77
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
equal Jamnagar Utilities and Power 91-D 26/04/2021 Commercial Paper A1+ 0.00 - 5.03 4.62
equal Reliance Industries 179-D 13/08/2021 Commercial Paper A1+ 0.00 - 4.57 4.57
new National Bank Agr. Rur. Devp 1790-D 31/08/2021 Commercial Paper A1+ 0.00 - 4.56 4.56
new Tata Teleservices (Mah) 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 3.72 3.72
equal L&T Infrastructre Finance 29/04/2021 Commercial Paper A1+ 0.00 - 4.46 3.46
equal Reserve Bank of India 364-D 17/06/2021 Treasury Bills SOV 0.00 - 3.45 3.45
new Bharti Hexacom 183-D 09/09/2021 Commercial Paper A1+ 0.00 - 3.41 3.41
new RBL Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 3.41 3.41
new Indusind Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 3.41 3.41
equal Barclays Investments & Loans 180-D 26/04/2021 Commercial Paper A1+ 0.00 - 4.17 3.23
equal IDFC First Bank 14/05/2021 Certificate of Deposit A1+ 0.00 - 2.97 2.30
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.97 2.30
equal Godrej Properties 91-D 28/05/2021 Commercial Paper A1+ 0.00 - 2.30 2.30
equal Dalmia Cement (Bharat) Ltd 91-D 28/05/2021 Commercial Paper A1+ 0.00 - 2.30 2.30
new Birla Group Holdings 91-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.29 2.29
equal Bajaj Housing Finance 169-D 29/06/2021 Commercial Paper A1+ 0.00 - 2.50 2.29
equal LIC Housing Fin. 160-D 20/07/2021 Commercial Paper A1+ 0.00 - 2.29 2.29
equal Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 2.29 2.29
new Export-Import Bank 181-D 14/09/2021 Certificate of Deposit A1+ 0.00 - 2.28 2.28
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
new Hero FinCorp 180-D 22/09/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
equal Standard Chartered Invest&Loan 181-D 24/08/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
equal ICICI Securities 364-D 03/12/2021 Commercial Paper A1+ 0.00 - 2.25 2.25
new SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.23 2.23
new Indusind Bank 2022 Certificate of Deposit A1+ 0.00 - 2.22 2.22

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-Mar-2021

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.

Interviews:

Funds Managed:


0.01%

Change from previous, NAV as on 07-May-2021

Growth: ₹ 1,108.7181

IDCW Yearly: ₹ 1,108.7100

More

IDCW Quarterly: ₹ 1,039.4098

IDCW Monthly: ₹ 1,006.6966

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 06-Aug-2019
Return Since Launch: 6.06%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,162 Cr (As on 31-Mar-2021)
Expense: 0.31% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-May-20210.0836

 06-May-20210.0950
 05-May-20210.0700
 04-May-20210.0720
 03-May-20210.3006
 30-Apr-20210.0991
 29-Apr-20210.0790
 28-Apr-20210.2032
 27-Apr-20210.1273
 26-Apr-20210.3543
 23-Apr-20210.1307
 22-Apr-20210.2906
 20-Apr-20210.1630
 19-Apr-20210.3797
 16-Apr-20210.1467
 15-Apr-20210.3063
 12-Apr-20210.2357
 09-Apr-20210.0431
 08-Apr-20210.0435
 07-Apr-20210.0614
 06-Apr-20210.2744
 05-Apr-20210.5086
 31-Mar-20210.1888
 30-Mar-20210.5554
 26-Mar-20210.1718
IDCW Monthly26-Apr-20213.8622

 25-Mar-20213.1214
 25-Feb-20213.4824
 25-Jan-20212.1294
 28-Dec-20202.7581
 25-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
IDCW Quarterly25-Mar-202110.0000

 28-Dec-202010.0000
 25-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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over