Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl

Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl

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Debt
Direct
Money Market
NAV: ₹ 1111.17 as on 24-05-2024

About the Fund

Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl is a debt fund. This fund was started on 6 August, 2019. The fund is managed by Devang Shah, Sachin Jain, Aditya Pagaria. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl has ₹8708 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.
Fund Performance

Overview

Expense ratio
Expense ratio
0.17%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹8708 Cr
Inception Date
Inception Date
6 August, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
398.35%

Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
48.8%
Cash Equivalent
38.7%
Government
12.5%

Top Holdings of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl as on (30-Apr-24)

  • Debt & Cash

Debt Holdings82
Holdings
Weight%
1M Change
Punjab National Bank
Punjab National Bank
6.26%
76.9%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.25%
20%
Canara Bank
Canara Bank
2.73%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.72%
0%
Union Bank Of India
Union Bank Of India
2.66%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 8.6K Cr
₹ 7.3K Cr
₹ 8K Cr
  • AUM of the fund stands at 8.6K Cr as of Apr'24
  • AUM increased by 1.3K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Devang Shah
Devang Shah
Fund Manager of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl, since 6 August 2019
Sachin Jain
Sachin Jain
Fund Manager of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl, since 9 November 2021
Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl, since 6 August 2019

Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.12% since inception which is more than its category average return of 4.96%
AUM size ₹8708 Cr

AUM size ₹8708 Cr

This fund has AUM of ₹8708 Cr which is more than its category average of ₹ 7131 Cr
Expense Ratio 0.17%

Expense Ratio 0.17%

This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl is ₹1111.17 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.91%
3.91%
1 Year Returns
7.6%
7.6%
3 Years Returns
20.25%
6.34%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.17% as on April 2024
₹8708 Cr as on April 2024
Punjab National Bank(6.26%), National Bank For Agriculture And Rural Development(3.25%), Canara Bank(2.73%), Small Industries Development Bank Of India(2.72%), Union Bank Of India(2.66%) as on April 2024
Corporate(51.31%), Cash Equivalent(33.57%), Government(15.12%) as on April 2024
Yield to Maturity is 7.58 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.67 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Devang Shah, Sachin Jain, Aditya Pagaria are the fund managers of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl
The Exit load of Axis Money Market Fund Direct Quarterly Reinvst of Inc Dis cum Cap Wdrl is 0%