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4 star

Axis Money Market Fund - Regular Plan


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
Fund 3.46 0.01 0.07 0.33 0.82 1.84 3.74 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 -- -- -- --
Debt: Money Market 3.19 0.01 0.06 0.31 0.75 1.71 3.44 -- -- -- --
Rank within category 6 1 6 9 6 6 6 -- -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 03-Dec-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 3.74 -- -- 0.35% 3,810
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.76 6.24 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.83 6.31 6.66 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.69 6.06 6.45 0.33% 13,305
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.74 6.04 6.47 0.27% 9,336

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 3.69 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market* 5.87 0.92 2.47 6.84 1.59 3.05
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 55 43 45
Modified Duration (yrs) 0.24 0.48 0.24 --
Average Maturity (yrs) 0.24 0.49 0.24 --
Yield to Maturity (%) 3.98 4.01 3.38 --
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 Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 5.16 4.58
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 4.42 3.93
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 4.41 3.92
equal Sikka Ports and Terminals 157-D 30/12/2021 Commercial Paper A1+ 0.00 - 4.41 3.91
equal ICICI Securities 222-D 19/04/2022 Commercial Paper A1+ 0.00 - 4.35 3.85
equal Reliance Industries Corporate Bond Repo AAA 0.00 - 3.83 3.83
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 9.44 3.68
equal Reliance Industries Corporate Bond Repo -- 0.00 - 3.17 2.92
equal Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 4.50 2.76
equal Chennai Petroleum Corporation 91-D 03/12/2021 Commercial Paper A1+ 0.00 - 2.95 2.62
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 2.94 2.61
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.93 2.60
equal Sikka Ports and Terminals 184-D 23/02/2022 Commercial Paper A1+ 0.00 - 2.92 2.59
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 4.21 2.59
equal Sundaram Home Finance 231-D 28/04/2022 Commercial Paper A1+ 0.00 - 2.90 2.57
equal M&M Financial Services 310-D 25/05/2022 Commercial Paper A1+ 0.00 - 2.89 2.56
equal Tata Motors 358-D 31/05/2022 Commercial Paper A1+ 0.00 - 4.16 2.56
new Sikka Ports and Terminals 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 2.55 2.55
equal Tata Teleservices (Mah) 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 3.72 2.19
equal LIC Housing Fin. 337-D 30/11/2021 Commercial Paper A1+ 0.00 - 3.20 1.96
equal Barclays Investments & Loans 150-D 28/01/2022 Commercial Paper A1+ 0.00 - 2.19 1.95
equal Sharekhan BNP Paribas Financial Services 168-D 30/12/2021 Commercial Paper A1+ 0.00 - 2.20 1.95
equal Deutsche Investments 255-D 21/02/2022 Commercial Paper A1+ 0.00 - 3.16 1.94
new Jamnagar Utilities and Power 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 1.91 1.91
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 4.49 1.83

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-Oct-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:

— 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 03-Dec-2021

Growth: ₹ 1,132.0517

IDCW Yearly: ₹ 1,132.0448

More

IDCW Quarterly: ₹ 1,041.0629

IDCW Monthly: ₹ 1,006.3946

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: 5.47%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,810 Cr (As on 31-Oct-2021)
Expense: 0.35% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.1102

 02-Dec-20210.0847
 01-Dec-20210.1069
 30-Nov-20210.1380
 29-Nov-20210.2730
 26-Nov-20210.1145
 25-Nov-20210.0905
 24-Nov-20210.1053
 23-Nov-20210.0967
 22-Nov-20210.3660
 18-Nov-20210.0966
 17-Nov-20210.1085
 16-Nov-20210.0809
 15-Nov-20210.3250
 12-Nov-20210.1123
 11-Nov-20210.1399
 10-Nov-20210.1335
 09-Nov-20210.1816
 08-Nov-20210.6103
 03-Nov-20210.1465
 02-Nov-20210.1077
 01-Nov-20210.2521
 29-Oct-20210.0723
 26-Oct-20210.0112
 25-Oct-20210.1978
IDCW Monthly25-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
 25-Feb-20203.5751
 27-Jan-20203.6969
 26-Dec-20193.2076
 25-Nov-20194.2573
 25-Oct-20194.9245
IDCW Quarterly27-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

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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