3 Year return

6.11%
Launched on July 2019 (5 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹8369.16 Cr.

Expense Ratio

0.13% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4

Ratings by other agencies

4
4
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Axis Mutual Fund Managers

DS

Devang Shah

Fund Manager since Jun 2017

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About the Axis Money Market Fund Direct Plan Growth

The Axis Money Market Fund Direct Plan Growth is an open-ended debt mutual fund scheme that aims to generate income for its investors by investing in a diversified portfolio of money market instruments. The fund is managed by Axis Mutual Fund, one of the leading mutual fund houses in India. The fund has a track record of generating consistent returns over the short term.

Investment Objectives of the Scheme

The investment objective of the Axis Money Market Fund Direct Plan Growth is to generate income for its investors by investing in a diversified portfolio of money market instruments. The fund may invest in a variety of money market instruments, such as treasury bills, commercial paper, and certificates of deposit. The fund may also invest in overnight funds and liquid funds.

Key Features of The Fund

5-year return NA
Expense Ratio 0.13%
Fund Manager Devang Shah
Fund Size ₹8369.16 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

The Axis Money Market Fund Direct Plan Growth is a good option for investors who are looking for a low-risk investment that can generate regular income. The fund is suitable for investors who have a time horizon of at least 3 months. However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Enhance the Creation of Long-Term Wealth With SIPs

SIPs are an effective strategy for building long-term wealth. SIPs leverage the power of compounding by continuously making small, regular investments at regular periods, which lets your money increase substantially over time. This tactic works especially well for reaching financial goals in the long run. With the help of mutual fund SIP calculator, you can efficiently plan your SIP investments and estimate possible returns.

FAQs

What is today's NAV of Axis Money Market Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Money Market Fund Jun 21 2024 is 1334.0212

What is the AUM of Axis Money Market Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Money Market Fund is 8369.16 crore.

What is the expense ratio of Axis Money Market Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Money Market Fund is 0.13%

What are the returns of Axis Money Market Fund since inception?

The Axis Money Market Fund was launched on Jul 26 2019. The fund has delivered a CAGR of 6.08 since inception.

What is the minimum SIP amount to invest in Axis Money Market Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Money Market Fund is 1000.

How do I invest in Axis Money Market Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Money Market Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Money Market Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Money Market Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.