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Unrated

Axis Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 is negligible but they do not guarantee returns or safety of capital.

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.

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 4.98 0.01 0.08 0.35 1.17 3.99 6.98 -- -- -- --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 -- -- -- --
Debt: Money Market 4.38 0.01 0.07 0.28 1.03 3.35 6.21 -- -- -- --
Rank within category 5 18 6 2 9 6 3 -- -- -- --
Number of funds in category 19 20 20 20 20 20 19 13 13 13 12

As on 18-Sep-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 6.98 -- -- 0.31 1,129
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 7.21 7.55 7.39 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 7.20 7.75 7.61 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 6.90 7.48 7.42 0.33 9,757
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 6.67 7.53 7.43 0.25 5,991

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) 6.95 (16-Sep-2019 - 15-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market* 6.81 0.80 2.97 6.99 0.79 2.59
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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 32 15 34
Modified Duration (yrs) 0.37 0.64 0.27 0.36
Average Maturity (yrs) 0.38 0.68 0.28 0.33
Yield to Maturity (%) 3.84 6.23 3.74 3.67

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Britannia Inds. 357-D 08/01/2021 Commercial Paper A1+ 0.00 - 8.75 8.75
down Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 7.47 6.13
equal Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 7.18 5.23
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 6.49 4.44
equal SRF 63-D 29/09/2020 Commercial Paper A1+ 0.00 - 4.42 4.42
new Ultratech Cement 88-D 20/11/2020 Commercial Paper A1+ 0.00 - 4.40 4.40
new Aditya Birla Fashion and Retail 91-D 02/11/2020 Commercial Paper A1+ 0.00 - 4.39 4.39
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 9.47 4.39
equal Tata Capital Housing Finance 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 11.72 4.34
new Godrej Properties 182-D 23/02/2021 Commercial Paper A1+ 0.00 - 4.32 4.32
new Adani Ports and Special Economic Zone 214-D 19/03/2021 Commercial Paper A1+ 0.00 - 4.32 4.32
new Cholamandalam Invest. & Fin. 273-D 21/05/2021 Commercial Paper A1+ 0.00 - 4.28 4.28
new UPL 91-D 09/11/2020 Commercial Paper A1+ 0.00 - 3.08 3.08
new Bahadur Chand Investments 84-D 05/11/2020 Commercial Paper A1+ 0.00 - 3.07 3.07
down Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 8.51 2.95
equal Bajaj Housing Finance 366-D 29/01/2021 Commercial Paper A1+ 0.00 - 7.09 2.62
new Tata Motors Finance 91-D 13/11/2020 Commercial Paper A1+ 0.00 - 2.20 2.20
equal Barclays Investments & Loans 270-D 23/11/2020 Commercial Paper A1+ 0.00 - 5.96 2.20
equal Dalmia Cement (Bharat) Ltd 91-D 26/10/2020 Commercial Paper A1+ 0.00 - 2.20 2.20
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 5.99 2.19
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 3.62 2.19
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 5.81 2.17
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.17 2.17
new Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 2.17 2.17
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.29 2.15

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-Aug-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:


0.01%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 1,081.4966

Dividend Yearly: ₹ 1,081.4892

More

Dividend Quarterly: ₹ 1,043.5679

Dividend Monthly: ₹ 1,008.3153

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: 7.24%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,129 Cr (As on 31-Aug-2020)
Expense: 0.31% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Sep-20200.0662

 17-Sep-20200.2167
 16-Sep-20200.1031
 15-Sep-20200.0962
 14-Sep-20200.3273
 11-Sep-20200.0812
 10-Sep-20200.0703
 09-Sep-20200.0768
 08-Sep-20200.0856
 07-Sep-20200.3331
 04-Sep-20200.0963
 03-Sep-20200.1005
 02-Sep-20200.0613
 01-Sep-20200.2281
 31-Aug-20200.2175
 28-Aug-20200.1090
 27-Aug-20200.1253
 26-Aug-20200.3182
 24-Aug-20200.2097
 21-Aug-20200.1512
 20-Aug-20200.2660
 19-Aug-20200.1718
 18-Aug-20200.4252
 17-Aug-20200.2825
 14-Aug-20200.1275
Dividend Monthly25-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 Quarterly26-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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