1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"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
Dividends
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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 | 1.23 | 0.01 | 0.08 | -0.01 | 0.68 | 1.66 | 3.52 | -- | -- | -- | -- |
CCIL T Bill Liquidity Weight | 0.59 | 0.04 | 0.04 | -0.01 | 0.29 | 0.85 | 1.92 | -- | -- | -- | -- |
Debt: Money Market | 1.09 | 0.01 | 0.07 | -0.03 | 0.60 | 1.48 | 3.20 | -- | -- | -- | -- |
Rank within category | 6 | 13 | 3 | 9 | 10 | 5 | 6 | -- | -- | -- | -- |
Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 18 | 14 | 12 | 12 | 12 |
As on 20-May-2022
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Money Market Fund - Regular Plan | Aug-19 | 3.52 | -- | -- | 0.35% | 5,852 | |
Aditya Birla Sun Life Money Manager Fund | Invest Online | Oct-05 | 3.54 | 5.47 | 6.33 | 0.33% | 16,159 | |
HDFC Money Market Fund | Invest Online | Nov-99 | 3.51 | 5.44 | 6.17 | 0.41% | 14,052 | |
Nippon India Money Market Fund | Invest Online | Jun-05 | 3.66 | 5.29 | 6.21 | 0.28% | 11,265 | |
UTI Money Market Fund - Regular Plan | Invest Online | Jul-09 | 3.61 | 5.25 | 6.17 | 0.28% | 10,561 |
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 |
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
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 | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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National Bank Agr. Rur. Devp 175-D 30/08/2022 | Commercial Paper | A1+ | 0.00 - 5.37 | 4.63 |
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Reserve Bank of India 182-D 12/10/2022 | Treasury Bills | SOV | 0.00 - 4.61 | 4.61 |
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Reserve Bank of India 182-D 30/06/2022 | Treasury Bills | SOV | 0.00 - 4.41 | 3.23 |
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L&T Finance 364-D 05/09/2022 | Commercial Paper | A1+ | 0.00 - 2.92 | 2.52 |
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SIDBI 15/02/2023 | Commercial Paper | A1+ | 0.00 - 2.87 | 2.46 |
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Export-Import Bank 24/03/2023 | Certificate of Deposit | A1+ | 0.00 - 2.85 | 2.45 |
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Reliance Jio Infocomm 178-D 19/09/2022 | Commercial Paper | A1+ | 0.00 - 2.44 | 2.44 |
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8.64% Andhra Pradesh State 2023 | State Development Loan | SOV | 0.00 - 2.78 | 2.38 |
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HDFC Bank 2023 | Certificate of Deposit | A1+ | 0.00 - 2.86 | 2.22 |
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Canara Bank 2022 | Certificate of Deposit | A1+ | 0.00 - 2.76 | 2.12 |
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Tata Capital Housing Finance 347-D 28/06/2022 | Commercial Paper | A1+ | 0.00 - 2.46 | 2.12 |
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L&T Finance 345-D 05/08/2022 | Commercial Paper | A1+ | 0.00 - 2.45 | 2.11 |
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Reserve Bank of India 182-D 15/09/2022 | Treasury Bills | SOV | 0.00 - 2.10 | 2.10 |
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Reliance Jio Infocomm 180-D 26/09/2022 | Commercial Paper | A1+ | 0.00 - 2.43 | 2.10 |
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8.13% GOI 21/09/2022 | Central Government Loan | SOV | 0.00 - 2.08 | 2.08 |
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Barclays Investments & Loans 154-D 08/06/2022 | Commercial Paper | A1+ | 0.00 - 2.59 | 1.96 |
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Bharti Enterprises 91-D 24/06/2022 | Commercial Paper | A1+ | 0.00 - 1.78 | 1.78 |
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8.92% Madhya Pradesh State 2022 | State Development Loan | SOV | 0.00 - 2.02 | 1.73 |
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M&M Financial Services 310-D 25/05/2022 | Commercial Paper | A1+ | 0.00 - 2.89 | 1.70 |
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Reliance Retail Ventures 138-D 20/06/2022 | Commercial Paper | A1+ | 0.00 - 1.97 | 1.70 |
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Canara Bank 22/08/2022 | Certificate of Deposit | A1+ | 0.00 - 2.75 | 1.69 |
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L&T Metro Rail (Hyderabad) 124-D 01/08/2022 | Commercial Paper | A1+ | 0.00 - 1.69 | 1.69 |
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ICICI Securities 171-D 26/09/2022 | Commercial Paper | A1+ | 0.00 - 1.68 | 1.68 |
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Export-Import Bank 184-D 30/09/2022 | Certificate of Deposit | A1+ | 0.00 - 1.95 | 1.68 |
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ICICI Securities 171-D 16/09/2022 | Commercial Paper | A1+ | 0.00 - 1.68 | 1.68 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2022
— 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:
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
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 |
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 |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Daily | 02-May-2022 | 0.3625 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 25-Apr-2022 | 3.2841 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Quarterly | 25-Mar-2022 | 10.0000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Yearly | 25-Mar-2022 | 40.0000 |
Fund News - 08-Nov-2021
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