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4 star

Axis Money Market Fund - Regular Plan download report


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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
Axis Money Market Fund Reg-G 1.22 0.01 0.06 0.01 0.67 1.65 3.52 -- -- -- --
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 -- -- -- --
Debt: Money Market 1.08 0.00 0.05 -0.02 0.59 1.47 3.20 -- -- -- --
Rank within category 6 8 9 9 10 5 6 -- -- -- --
Number of funds in category 20 20 20 20 20 20 18 14 12 12 12

As on 19-May-2022

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 3.52 -- -- 0.35% 5,852
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.55 5.48 6.33 0.33% 16,159
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 3.51 5.45 6.17 0.41% 14,052
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 3.66 5.31 6.21 0.28% 11,265
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.61 5.26 6.17 0.28% 10,561

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 3.52 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Money Market Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.86 0.36 -1.85 -5.13 -- --
Debt: Money Market* 5.22 0.84 2.19 7.49 1.56 2.74
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 62 43 48
Modified Duration (yrs) 0.42 0.50 0.24 0.40
Average Maturity (yrs) 0.42 0.50 0.24 0.41
Yield to Maturity (%) 4.62 4.62 3.61 4.52
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 National Bank Agr. Rur. Devp 175-D 30/08/2022 Commercial Paper A1+ 0.00 - 5.37 4.63
new Reserve Bank of India 182-D 12/10/2022 Treasury Bills SOV 0.00 - 4.61 4.61
equal Reserve Bank of India 182-D 30/06/2022 Treasury Bills SOV 0.00 - 4.41 3.23
equal L&T Finance 364-D 05/09/2022 Commercial Paper A1+ 0.00 - 2.92 2.52
equal SIDBI 15/02/2023 Commercial Paper A1+ 0.00 - 2.87 2.46
equal Export-Import Bank 24/03/2023 Certificate of Deposit A1+ 0.00 - 2.85 2.45
new Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 2.44 2.44
equal 8.64% Andhra Pradesh State 2023 State Development Loan SOV 0.00 - 2.78 2.38
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.86 2.22
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 2.76 2.12
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 2.46 2.12
equal L&T Finance 345-D 05/08/2022 Commercial Paper A1+ 0.00 - 2.45 2.11
new Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 2.10 2.10
equal Reliance Jio Infocomm 180-D 26/09/2022 Commercial Paper A1+ 0.00 - 2.43 2.10
up 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 2.08 2.08
equal Barclays Investments & Loans 154-D 08/06/2022 Commercial Paper A1+ 0.00 - 2.59 1.96
up Bharti Enterprises 91-D 24/06/2022 Commercial Paper A1+ 0.00 - 1.78 1.78
equal 8.92% Madhya Pradesh State 2022 State Development Loan SOV 0.00 - 2.02 1.73
equal M&M Financial Services 310-D 25/05/2022 Commercial Paper A1+ 0.00 - 2.89 1.70
equal Reliance Retail Ventures 138-D 20/06/2022 Commercial Paper A1+ 0.00 - 1.97 1.70
equal Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 2.75 1.69
new L&T Metro Rail (Hyderabad) 124-D 01/08/2022 Commercial Paper A1+ 0.00 - 1.69 1.69
new ICICI Securities 171-D 26/09/2022 Commercial Paper A1+ 0.00 - 1.68 1.68
equal Export-Import Bank 184-D 30/09/2022 Certificate of Deposit A1+ 0.00 - 1.95 1.68
new ICICI Securities 171-D 16/09/2022 Commercial Paper A1+ 0.00 - 1.68 1.68

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 30-Apr-2022

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:

— Sachin Jain since 09-Nov-2021

Education: Mr. Jain is a B.Tech, AGMP (Management)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 19-May-2022

Growth: ₹ 1,149.0105

IDCW Yearly: ₹ 1,108.9170

More

IDCW Quarterly: ₹ 1,036.5115

IDCW Monthly: ₹ 1,004.7993

IDCW Daily: ₹ 1,004.1766


Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. 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: 5.11%
Benchmark: NIFTY Money Market Index B-I
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,852 Cr (As on 30-Apr-2022)
Expense: 0.35% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.3625

 29-Apr-20220.0582
 28-Apr-20220.0884
 27-Apr-20220.0868
 26-Apr-20220.0756
 25-Apr-20220.3296
 22-Apr-20220.0617
 21-Apr-20220.1957
 20-Apr-20220.2695
 19-Apr-20220.2950
 18-Apr-20220.2596
 07-Apr-20220.1530
 06-Apr-20220.1631
 05-Apr-20220.0457
 04-Apr-20220.5293
 31-Mar-20220.3258
 30-Mar-20220.1720
 29-Mar-20220.1223
 28-Mar-20220.3529
 25-Mar-20220.1678
 24-Mar-20220.2603
 23-Mar-20220.1908
 22-Mar-20220.0736
 21-Mar-20220.4318
 17-Mar-20220.1883
IDCW Monthly25-Apr-20223.2841

 25-Mar-20223.4859
 25-Feb-20223.4487
 25-Jan-20223.2982
 27-Dec-20213.0581
 25-Nov-20213.0487
 25-Oct-20212.3923
 27-Sep-20213.0791
 25-Aug-20213.2548
 26-Jul-20213.6873
 25-Jun-20212.9722
 25-May-20212.8428
 26-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
IDCW Quarterly25-Mar-202210.0000

 27-Dec-202110.0000
 27-Sep-202110.0000
 25-Jun-202110.0000
 25-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
IDCW Yearly25-Mar-202240.0000

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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