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Unrated

Axis Money Market Fund - Regular Plan


Analyst's Choice?

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 0.27 0.02 0.09 0.47 1.55 -- -- -- -- -- --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 -- -- -- -- -- --
Debt: Money Market 0.26 0.02 0.08 0.44 1.44 -- -- -- -- -- --
Rank within category 6 7 2 5 2 -- -- -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 13 13 13 12

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.75 (27-Sep-2019 - 29-Oct-2019) 0.41 (02-Dec-2019 - 01-Jan-2020)
Quarter 1.93 (23-Aug-2019 - 22-Nov-2019) 1.63 (11-Oct-2019 - 10-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Debt: Money Market* 6.86 0.70 2.76 6.74 0.98 2.75
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 12 37
Modified Duration (yrs) 0.27 0.45 0.27 0.30
Average Maturity (yrs) 0.28 0.48 0.28 0.30
Yield to Maturity (%) 5.58 6.23 5.53 5.64

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 9.12 9.12
equal 8.39% Rajasthan State 15/03/2020 State Development Loan SOV 0.00 - 7.54 7.47
new Reserve Bank of India 364-D 05/03/2020 Treasury Bills SOV 0.00 - 6.54 6.54
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 6.54 6.54
equal REC 365-D 04/03/2020 Commercial Paper A1+ 6.21 - 9.75 6.54
equal Reliance Retail Ltd. 224-D 16/03/2020 Commercial Paper A1+ 6.19 - 9.73 6.52
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 6.53 6.52
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 6.51 6.50
new Barclays Investments & Loans 180-D 10/06/2020 Commercial Paper A1+ 0.00 - 6.40 6.40
equal Kotak Mahindra Investments 252-D 09/07/2020 Commercial Paper A1+ 0.00 - 6.38 6.37
equal Tata Capital Housing Finance 365-D 05/08/2020 Commercial Paper A1+ 6.02 - 9.44 6.35
new National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 5.75 5.75
equal HDFC Credila Financial Services 273-D 20/02/2020 Commercial Paper A1+ 4.97 - 7.58 5.24
equal Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 5.17 5.16
equal National Bank Agr. Rur. Devp 15/05/2020 Securitised Debt A1+ 0.00 - 4.40 4.39
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 1.29 1.29
equal HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 1.27 1.27

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-Dec-2019

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 17-Jan-2020

Growth: ₹ 1,032.9996

Dividend Yearly: ₹ 1,033.0029

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Dividend Quarterly: ₹ 1,016.3262

Dividend Monthly: ₹ 1,005.6771

Dividend Daily: ₹ 1,002.4683


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: 3.30%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 379 Cr (As on 31-Dec-2019)
Expense: 0.30% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Jan-20200.0951

 15-Jan-20200.0858
 14-Jan-20200.0112
 13-Jan-20200.3190
 10-Jan-20200.0564
 09-Jan-20200.1600
 08-Jan-20200.1561
 07-Jan-20200.1531
 06-Jan-20200.3244
 03-Jan-20200.1170
 02-Jan-20200.1961
 01-Jan-20200.1614
 31-Dec-20190.1143
 30-Dec-20190.3162
 27-Dec-20190.1536
 26-Dec-20190.1791
 24-Dec-20190.0733
 23-Dec-20190.3062
 20-Dec-20190.0682
 19-Dec-20190.1210
 18-Dec-20190.1135
 17-Dec-20190.1189
 16-Dec-20190.2934
 13-Dec-20190.0856
 12-Dec-20190.1098
Dividend Quarterly27-Dec-20197.2032

 26-Sep-20194.6821
Dividend Monthly26-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: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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