Axis Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹1,548.31-0.01%1 day
- Return since launch
- 6.3%
- 52-week range
- ₹1,454.54 — ₹1,548.42
- AUM
- ₹21,405 Cr
Axis Money Market Fund is a Money Market debt fund from Axis Mutual Fund with ₹21,405 Cr under management, launched in 2019. Over three years it has returned 7.1% a year, against 7.0% for its category. The expense ratio is 0.35% and the SEBI riskometer reading is Moderate.
Performance
Axis Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.8% | +0.5 pts | 6.3% | 6.7% |
| 2Y | 6.8% | +0.2 pts | 6.7% | 6.7% |
| 3Y | 7.1% | +0.1 pts | 7.0% | 6.9% |
| 5Y | 7.1% | +0.7 pts | 6.3% | 6.9% |
| 7Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.7% | 0.0 pts | 1.7% | 1.6% |
| 6M | 3.6% | +0.1 pts | 3.6% | 3.6% |
| 1Y | 6.4% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 7.1% | +0.2 pts | 6.9% | 7.0% |
| 3Y | 7.3% | +0.3 pts | 7.0% | 7.1% |
| 5Y | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 7Y | 6.3% | +0.3 pts | 6.0% | 5.9% |
Since launch (26 Jul 2019): 6.3%
Calendar-year returns
Category average6.2%
3.7%
4.8%
7.3%
7.7%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.1 pts | 7.5% |
| 2024 | 7.7% | +0.1 pts | 7.6% |
| 2023 | 7.3% | 0.0 pts | 7.3% |
| 2022 | 4.8% | 0.0 pts | 4.7% |
| 2021 | 3.7% | 0.0 pts | 3.8% |
| 2020 | 6.2% | +0.1 pts | 6.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.35%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.29%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.59 | 2.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.88 | 3.48 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.53 | 0.55 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt109.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indian Bank | Financial | 2.43% | ₹520 Cr | — | +0.80% | +1.75% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.16% | ₹461 Cr | +1.04% | +1.57% | +5.62% |
| HDFC Bank Ltd. | Financial | 2.15% | ₹461 Cr | +0.40% | +0.63% | +0.12% |
| National Bank For Agriculture & Rural Development | Financial | 2.05% | ₹438 Cr | +3.40% | +2.57% | +0.35% |
| Panatone Finvest Ltd | Financial | 1.93% | ₹414 Cr | +0.92% | +0.69% | — |
| Punjab & Sind Bank | Financial | 1.81% | ₹387 Cr | +2.08% | +1.57% | — |
| Indusind Bank Ltd. | Financial | 1.59% | ₹341 Cr | +1.83% | +1.38% | +1.66% |
| Bajaj Housing Finance Ltd. | Financial | 1.59% | ₹340 Cr | +1.83% | +1.38% | +2.24% |
| AU Small Finance Bank Ltd. | Financial | 1.35% | ₹290 Cr | +1.55% | — | +0.71% |
| Kotak Mahindra Bank Ltd. | Financial | 1.32% | ₹282 Cr | +1.52% | +1.02% | +1.18% |
| Mindspace Business Parks REIT | Construction | 1.13% | ₹243 Cr | +1.30% | — | — |
| ICICI Securities Ltd. | Financial | 1.13% | ₹242 Cr | +0.01% | +0.98% | — |
| company:9765 | Financial | 1.10% | ₹235 Cr | +1.33% | +0.21% | +0.58% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.06% | ₹227 Cr | +1.22% | +2.16% | — |
| ICICI Bank Ltd. | Financial | 1.02% | ₹219 Cr | +0.92% | +1.19% | 0.00% |
| Union Bank of India | Financial | 1.02% | ₹219 Cr | +0.05% | +1.45% | +0.94% |
| Punjab National Bank | Financial | 1.00% | ₹214 Cr | +1.57% | +1.48% | +0.47% |
| company:5724 | Financial | 0.91% | ₹195 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 0.91% | ₹195 Cr | +1.04% | +0.79% | +1.41% |
| L&T Finance Ltd. | Financial | 0.79% | ₹169 Cr | — | — | +1.15% |
| Bank Of Baroda | Financial | 0.68% | ₹146 Cr | +1.57% | +0.99% | +0.47% |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.68% | ₹146 Cr | +0.78% | +0.59% | +0.47% |
| Godrej Housing Finance Ltd. | Financial | 0.68% | ₹145 Cr | +0.78% | +0.59% | +0.47% |
| Godrej Finance Ltd. | Financial | 0.68% | ₹145 Cr | +0.78% | +0.59% | +0.70% |
| IDBI Bank Ltd. | Financial | 0.68% | ₹145 Cr | +0.03% | — | +0.94% |
| Piramal Finance Pvt. Ltd. | Financial | 0.68% | ₹145 Cr | — | — | — |
| Uttar Pradesh State | Others | 0.66% | ₹141 Cr | — | — | +0.17% |
| Reserve Bank of India | Financial | 0.63% | ₹134 Cr | +0.73% | +0.55% | +0.24% |
| Export-Import Bank Of India | Financial | 0.57% | ₹122 Cr | — | — | +0.59% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.57% | ₹121 Cr | +0.52% | +0.78% | +0.46% |
| West Bengal State | Others | 0.50% | ₹107 Cr | +0.59% | +0.45% | — |
| Canara Bank | Financial | 0.45% | ₹97.30 Cr | +1.05% | +0.31% | +0.12% |
| 360 ONE Wealth Ltd. | Financial | 0.45% | ₹97.02 Cr | +0.52% | +0.39% | +0.70% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.45% | ₹96.07 Cr | +0.51% | +0.39% | — |
| DSP Finance Pvt Ltd. | Financial | 0.45% | ₹95.85 Cr | +0.51% | — | — |
| company:11619 | Financial | 0.45% | ₹95.65 Cr | — | — | — |
| Nuvama Clearing Services Ltd. | Financial | 0.45% | ₹95.64 Cr | — | — | — |
| Maharashtra State | Others | 0.43% | ₹90.98 Cr | +0.43% | +0.33% | +0.24% |
| Haryana State | Others | 0.40% | ₹85.62 Cr | — | — | +0.92% |
| Godrej Industries Ltd. | Consumer Staples | 0.34% | ₹72.90 Cr | +0.39% | +0.30% | — |
| Bank of India | Financial | 0.34% | ₹72.70 Cr | — | — | +0.12% |
| Rajasthan State | Others | 0.31% | ₹65.56 Cr | +0.41% | +0.32% | +1.00% |
| Kerala State | Others | 0.27% | ₹58.14 Cr | +0.32% | — | — |
| The Federal Bank Ltd. | Financial | 0.23% | ₹48.44 Cr | +0.26% | +1.97% | +0.47% |
| Gujarat State | Construction | 0.19% | ₹40.35 Cr | — | — | — |
| Jharkhand State | Others | 0.12% | ₹25.22 Cr | +0.14% | — | — |
| Tata Teleservices Ltd. | Communication | 0.09% | ₹19.36 Cr | — | — | — |
| Andhra Pradesh State | Financial | 0.05% | ₹10.02 Cr | — | — | +0.24% |
| Tamilnadu State | Others | 0.02% | ₹5.05 Cr | +0.17% | — | +0.32% |
| Sundaram Finance Ltd. | Financial | 0.02% | ₹4.84 Cr | — | — | — |
| Others | Others | -0.80% | ₹-172.29 Cr | +0.99% | +0.75% | +0.74% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 0.73% | 2.15% | +1.43% |
| Mahindra Rural Housing Finance Ltd. | 1.23% | 0.00% | -1.23% |
| Tata Teleservices (Maharashtra) Ltd. | 1.23% | 0.00% | -1.23% |
| Bharti Telecom Ltd. | 1.21% | 0.00% | -1.21% |
| company:9765 | 0.00% | 1.10% | +1.10% |
| company:5724 | 0.00% | 0.91% | +0.91% |
| Bank Of Baroda | 1.46% | 0.68% | -0.78% |
| Cholamandalam Investment and Finance Company Ltd. | 0.49% | 0.00% | -0.49% |
| company:11619 | 0.00% | 0.45% | +0.45% |
| Indian Bank | 2.84% | 2.43% | -0.41% |
| Haryana State | 0.69% | 0.40% | -0.29% |
| Bihar State | 0.25% | 0.00% | -0.25% |
| Canara Bank | 0.24% | 0.45% | +0.21% |
| Uttar Pradesh State | 0.46% | 0.66% | +0.20% |
| ICICI Bank Ltd. | 0.85% | 1.02% | +0.17% |
| National Bank For Agriculture & Rural Development | 2.19% | 2.05% | -0.14% |
| Panatone Finvest Ltd | 2.07% | 1.93% | -0.14% |
| Punjab & Sind Bank | 1.93% | 1.81% | -0.13% |
| Bajaj Housing Finance Ltd. | 1.70% | 1.59% | -0.11% |
| Indusind Bank Ltd. | 1.70% | 1.59% | -0.11% |
| AU Small Finance Bank Ltd. | 1.45% | 1.35% | -0.09% |
| Kotak Mahindra Bank Ltd. | 1.41% | 1.32% | -0.09% |
| Mindspace Business Parks REIT | 1.21% | 1.13% | -0.08% |
| ICICI Securities Ltd. | 1.21% | 1.13% | -0.08% |
| Mahindra & Mahindra Financial Services Ltd. | 1.14% | 1.06% | -0.07% |
| IDFC First Bank Ltd. | 0.97% | 0.91% | -0.06% |
| L&T Finance Ltd. | 0.84% | 0.79% | -0.06% |
| Birla Group Holdings Pvt. Ltd. | 0.73% | 0.68% | -0.05% |
| Godrej Housing Finance Ltd. | 0.73% | 0.68% | -0.05% |
| Godrej Finance Ltd. | 0.72% | 0.68% | -0.05% |
| Piramal Finance Pvt. Ltd. | 0.72% | 0.68% | -0.05% |
| IDBI Bank Ltd. | 0.72% | 0.68% | -0.05% |
| Reserve Bank of India | 0.67% | 0.63% | -0.04% |
| Export-Import Bank Of India | 0.61% | 0.57% | -0.04% |
| West Bengal State | 0.54% | 0.50% | -0.04% |
| Motilal Oswal Financial Services Ltd. | 0.61% | 0.57% | -0.04% |
| Maharashtra State | 0.46% | 0.43% | -0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.48% | 0.45% | -0.03% |
| 360 ONE Wealth Ltd. | 0.48% | 0.45% | -0.03% |
| DSP Finance Pvt Ltd. | 0.48% | 0.45% | -0.03% |
| Phoenix ARC Pvt Ltd. | 0.48% | 0.45% | -0.03% |
| Nuvama Clearing Services Ltd. | 0.48% | 0.45% | -0.03% |
| Punjab National Bank | 0.97% | 1.00% | +0.03% |
| Rajasthan State | 0.33% | 0.31% | -0.02% |
| Godrej Industries Ltd. | 0.36% | 0.34% | -0.02% |
| Bank of India | 0.36% | 0.34% | -0.02% |
| Kerala State | 0.29% | 0.27% | -0.02% |
| Others | 0.31% | 0.29% | -0.02% |
| Union Bank of India | 0.24% | 0.23% | -0.02% |
| The Federal Bank Ltd. | 0.24% | 0.23% | -0.02% |
| Gujarat State | 0.20% | 0.19% | -0.01% |
| Jharkhand State | 0.13% | 0.12% | -0.01% |
| Tata Teleservices Ltd. | 0.10% | 0.09% | -0.01% |
| Andhra Pradesh State | 0.05% | 0.05% | 0.00% |
| Tamilnadu State | 0.03% | 0.02% | 0.00% |
| Sundaram Finance Ltd. | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,948 Cr | 0.32% | 6.8% | 7.0% | 7.0% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.8% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.8% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund managers
- Aditya PagariaMr. 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. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
- Sachin JainMr. Jain is a B.Tech, AGMP (Management)Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.65% absolute | ₹60,000 | ₹62,190 | 3.65% | |
| 1 year6.44% annualised | ₹1,20,000 | ₹1,24,269 | 3.56% | |
| 3 years7.28% annualised | ₹3,60,000 | ₹4,03,417 | 12.06% | |
| 5 years6.60% annualised | ₹6,00,000 | ₹7,12,463 | 18.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Money Market Fund?
The NAV of Axis Money Market Fund is ₹1,548.31 as on 24 Sep 2026.
What is the expense ratio of Axis Money Market Fund?
The expense ratio of Axis Money Market Fund is 0.35% per year.
What is the minimum SIP amount for Axis Money Market Fund?
You can start a SIP in Axis Money Market Fund with ₹3,000 a month.
What returns has Axis Money Market Fund given?
Axis Money Market Fund has returned 6.8% over 1 year, 7.1% over 3 years and 7.1% over 5 years (annualised).
Is there a lock-in or exit load on Axis Money Market Fund?
Lock-in: None. Exit load: 0%.
How risky is Axis Money Market Fund?
Axis Money Market Fund is rated Moderate on the SEBI riskometer and belongs to the Money Market category.
Which fund house manages Axis Money Market Fund?
Axis Money Market Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.