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Unrated

Axis Money Market Fund - Regular Plan


Debt: Money Market

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.21 0.03 0.17 0.77 2.47 4.02 -- -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 -- -- -- -- --
Debt: Money Market 3.69 0.03 0.14 0.63 2.11 3.51 -- -- -- -- --
Rank within category 5 10 7 7 7 5 -- -- -- -- --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 12

As on 10-Jul-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 -- -- -- 0.31 1,053
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 8.09 7.90 7.75 0.31 9,214
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 8.17 7.70 7.54 0.35 8,422
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
Jul-03 7.27 7.53 7.53 0.26 7,970
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 7.56 7.69 7.58 0.25 4,265

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 -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market* 6.93 0.78 3.08 8.34 0.69 2.47
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 30 12 45
Modified Duration (yrs) 0.54 0.64 0.27 --
Average Maturity (yrs) 0.57 0.68 0.28 --
Yield to Maturity (%) 4.56 6.23 4.56 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 10/12/2020 Treasury Bills SOV 0.00 - 9.36 9.36
new Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 6.99 6.99
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 6.49 6.49
up Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 7.18 5.56
equal National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 9.45 4.84
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 9.47 4.67
new Britannia Inds. 357-D 08/01/2021 Commercial Paper A1+ 0.00 - 4.65 4.65
equal Tata Capital Housing Finance 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 11.72 4.60
new SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 4.19 4.19
up Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 11.83 3.23
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 3.21 3.21
equal Standard Chartered Invest&Loan 138-D 03/08/2020 Commercial Paper A1+ 0.00 - 7.30 2.84
new ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 2.81 2.81
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.79 2.79
equal Bajaj Housing Finance 366-D 29/01/2021 Commercial Paper A1+ 0.00 - 7.09 2.78
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 6.00 2.34
down Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 10.95 2.34
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 5.99 2.33
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 3.62 2.33
equal Barclays Investments & Loans 270-D 23/11/2020 Commercial Paper A1+ 0.00 - 5.96 2.32
equal Grasim Industries 333-D 26/03/2021 Commercial Paper A1+ 0.00 - 4.65 2.31
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 4.66 2.31
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 5.92 2.31
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.29 2.29
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 5.81 2.28

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-Jun-2020

*As on 31-May-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:


0.03%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 1,073.5373

Dividend Yearly: ₹ 1,073.5300

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Dividend Quarterly: ₹ 1,035.8877

Dividend Monthly: ₹ 1,008.7169

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: 7.35%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,053 Cr (As on 30-Jun-2020)
Expense: 0.31% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.1850

 08-Jul-20200.4281
 07-Jul-20200.2339
 06-Jul-20200.5715
 03-Jul-20200.4702
 02-Jul-20200.3106
 01-Jul-20200.3317
 30-Jun-20200.1487
 26-Jun-20200.1972
 25-Jun-20200.1668
 24-Jun-20200.1689
 23-Jun-20200.3832
 22-Jun-20200.0345
 19-Jun-20200.2581
 18-Jun-20200.9354
 17-Jun-20200.1631
 16-Jun-20200.6802
 15-Jun-20200.8255
 12-Jun-20200.2595
 11-Jun-20200.5676
 10-Jun-20200.1071
 09-Jun-20200.0161
 08-Jun-20200.3693
 05-Jun-20200.0892
 03-Jun-20200.0419
Dividend Quarterly26-Jun-202010.0000

 27-Mar-20207.2032
 27-Dec-20197.2032
 26-Sep-20194.6821
Dividend Monthly25-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

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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