Axis Money Market Fund
Money MarketModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹1,558.78+0.07%1 day
- Return since launch
- 6.3%
- 52-week range
- ₹1,465.32 — ₹1,557.67
- AUM
- ₹19,507 Cr
Axis Money Market Fund is a Money Market debt fund from Axis Mutual Fund with ₹19,507 Cr under management, launched in 2019. Over three years it has returned 6.9% 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 +6.3% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.3 pts | 6.2% | 6.3% |
| 2Y | 6.6% | +0.2 pts | 6.4% | 6.5% |
| 3Y | 6.9% | −0.1 pts | 7.0% | 6.8% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.3% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.3% | +0.2 pts | 6.2% | 6.2% |
| 2Y | 6.9% | +0.2 pts | 6.7% | 6.8% |
| 3Y | 7.2% | +0.3 pts | 7.0% | 7.0% |
| 5Y | 6.7% | +0.3 pts | 6.4% | 6.4% |
| 7Y | 6.2% | +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
0.36%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.30%
- 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 | 2.55 | 2.12 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.78 | 3.14 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.55 | 0.56 | 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 30 Sep 2026
Asset allocation
- Debt100.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 2.44% | ₹464 Cr | +1.06% | +1.15% | +6.47% |
| HDFC Bank Ltd. | Financial | 2.44% | ₹463 Cr | +0.80% | +0.71% | +0.14% |
| National Bank For Agriculture & Rural Development | Financial | 2.31% | ₹440 Cr | +3.48% | +3.01% | +0.40% |
| Panatone Finvest Ltd | Financial | 2.19% | ₹416 Cr | +1.74% | +0.81% | — |
| Punjab & Sind Bank | Financial | 2.05% | ₹389 Cr | +2.13% | +1.84% | — |
| Indusind Bank Ltd. | Financial | 1.80% | ₹343 Cr | +1.87% | +1.62% | +0.55% |
| Bajaj Housing Finance Ltd. | Financial | 1.80% | ₹342 Cr | +1.87% | +1.62% | +2.58% |
| AU Small Finance Bank Ltd. | Financial | 1.53% | ₹291 Cr | +1.59% | +1.38% | +0.81% |
| Kotak Mahindra Bank Ltd. | Financial | 1.49% | ₹284 Cr | +1.55% | +0.60% | +1.36% |
| L&T Finance Ltd. | Financial | 1.30% | ₹246 Cr | +0.93% | — | +1.32% |
| Mindspace Business Parks REIT | Construction | 1.28% | ₹244 Cr | +1.33% | — | — |
| ICICI Securities Ltd. | Financial | 1.28% | ₹243 Cr | +1.33% | +1.15% | — |
| Infina Finance Pvt. Ltd. | Financial | 1.24% | ₹237 Cr | +1.09% | +0.24% | +0.67% |
| Others | Others | 1.18% | ₹224 Cr | +1.01% | +0.88% | +0.85% |
| ICICI Bank Ltd. | Financial | 1.16% | ₹220 Cr | 0.00% | +1.28% | — |
| Canara Bank | Financial | 1.16% | ₹220 Cr | +1.07% | +1.39% | +0.14% |
| REC Ltd. | Financial | 1.15% | ₹218 Cr | — | — | — |
| Punjab National Bank | Financial | 1.13% | ₹215 Cr | +2.28% | +0.69% | +0.43% |
| IIFL Finance Ltd. | Financial | 1.03% | ₹196 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 1.03% | ₹196 Cr | +1.07% | 0.00% | +1.63% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.95% | ₹180 Cr | +1.25% | +2.53% | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.77% | ₹147 Cr | +0.80% | +0.69% | +0.54% |
| Godrej Housing Finance Ltd. | Financial | 0.77% | ₹146 Cr | +0.80% | +0.69% | — |
| Godrej Finance Ltd. | Financial | 0.77% | ₹146 Cr | +0.80% | +0.69% | +0.81% |
| Piramal Finance Pvt. Ltd. | Financial | 0.77% | ₹146 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 0.77% | ₹145 Cr | +0.80% | +0.03% | +1.08% |
| Uttar Pradesh State | Others | 0.74% | ₹141 Cr | +1.13% | — | +0.20% |
| Export-Import Bank Of India | Financial | 0.64% | ₹122 Cr | — | — | +0.68% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.64% | ₹122 Cr | +0.53% | +0.92% | +0.53% |
| Reserve Bank of India | Financial | 0.59% | ₹113 Cr | +0.74% | +0.64% | +1.63% |
| 360 ONE Wealth Ltd. | Financial | 0.51% | ₹97.67 Cr | +0.53% | +0.46% | +1.07% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.51% | ₹96.77 Cr | +0.53% | +0.45% | — |
| DSP Finance Pvt Ltd. | Financial | 0.51% | ₹96.41 Cr | +0.14% | — | — |
| Muthoot Fincorp Ltd. | Financial | 0.51% | ₹96.25 Cr | — | — | — |
| Nuvama Clearing Services Ltd. | Financial | 0.51% | ₹96.24 Cr | — | — | — |
| Maharashtra State | Others | 0.48% | ₹90.73 Cr | +0.51% | +0.38% | +0.28% |
| Haryana State | Others | 0.45% | ₹85.42 Cr | — | — | +1.05% |
| Godrej Industries Ltd. | Consumer Staples | 0.39% | ₹73.29 Cr | +0.40% | +0.35% | — |
| Bank of India | Financial | 0.38% | ₹73.07 Cr | +0.40% | — | +0.41% |
| Rajasthan State | Others | 0.34% | ₹65.42 Cr | +0.37% | +0.37% | +1.14% |
| Kerala State | Others | 0.31% | ₹58.01 Cr | +0.32% | +0.29% | — |
| The Federal Bank Ltd. | Financial | 0.26% | ₹48.71 Cr | +0.27% | +2.31% | +0.54% |
| Union Bank of India | Financial | 0.26% | ₹48.49 Cr | +0.53% | +3.57% | +1.63% |
| Gujarat State | Construction | 0.21% | ₹40.26 Cr | +0.23% | — | — |
| Jharkhand State | Others | 0.13% | ₹25.17 Cr | +0.14% | +0.12% | — |
| Bank Of Baroda | Financial | 0.13% | ₹24.43 Cr | +1.61% | +1.16% | +0.81% |
| Kotak Mahindra Prime Ltd. | Financial | 0.13% | ₹24.25 Cr | — | — | — |
| Tata Teleservices Ltd. | Communication | 0.10% | ₹19.46 Cr | — | — | — |
| Andhra Pradesh State | Financial | 0.05% | ₹10.01 Cr | +0.06% | — | +0.28% |
| Tamilnadu State | Others | 0.03% | ₹5.04 Cr | +0.03% | +0.15% | +0.36% |
| Sundaram Finance Ltd. | Financial | 0.03% | ₹4.87 Cr | +0.03% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5434 | 2.43% | 0.00% | -2.43% |
| REC Ltd. | 0.00% | 1.15% | +1.15% |
| Canara Bank | 0.45% | 1.16% | +0.70% |
| Bank Of Baroda | 0.68% | 0.13% | -0.55% |
| L&T Finance Ltd. | 0.79% | 1.30% | +0.51% |
| company:6904 | 0.50% | 0.00% | -0.50% |
| HDFC Bank Ltd. | 2.15% | 2.44% | +0.28% |
| National Bank For Agriculture & Rural Development | 2.05% | 2.31% | +0.27% |
| Panatone Finvest Ltd | 1.93% | 2.19% | +0.26% |
| Punjab & Sind Bank | 1.81% | 2.05% | +0.24% |
| Bajaj Housing Finance Ltd. | 1.59% | 1.80% | +0.21% |
| Indusind Bank Ltd. | 1.59% | 1.80% | +0.21% |
| AU Small Finance Bank Ltd. | 1.35% | 1.53% | +0.18% |
| Kotak Mahindra Bank Ltd. | 1.32% | 1.49% | +0.17% |
| Mindspace Business Parks REIT | 1.13% | 1.28% | +0.15% |
| ICICI Securities Ltd. | 1.13% | 1.28% | +0.15% |
| Infina Finance Pvt. Ltd. | 1.10% | 1.24% | +0.15% |
| ICICI Bank Ltd. | 1.02% | 1.16% | +0.14% |
| Punjab National Bank | 1.00% | 1.13% | +0.13% |
| Kotak Mahindra Prime Ltd. | 0.00% | 0.13% | +0.13% |
| IIFL Finance Ltd. | 0.91% | 1.03% | +0.12% |
| IDFC First Bank Ltd. | 0.91% | 1.03% | +0.12% |
| Mahindra & Mahindra Financial Services Ltd. | 1.06% | 0.95% | -0.12% |
| Birla Group Holdings Pvt. Ltd. | 0.68% | 0.77% | +0.09% |
| Godrej Finance Ltd. | 0.68% | 0.77% | +0.09% |
| Piramal Finance Pvt. Ltd. | 0.68% | 0.77% | +0.09% |
| Godrej Housing Finance Ltd. | 0.68% | 0.77% | +0.09% |
| IDBI Bank Ltd. | 0.68% | 0.77% | +0.09% |
| Uttar Pradesh State | 0.66% | 0.74% | +0.08% |
| Export-Import Bank Of India | 0.57% | 0.64% | +0.08% |
| Motilal Oswal Financial Services Ltd. | 0.57% | 0.64% | +0.08% |
| 360 ONE Wealth Ltd. | 0.45% | 0.51% | +0.06% |
| Phoenix ARC Pvt Ltd. | 0.45% | 0.51% | +0.06% |
| Small Industries Devp. Bank of India Ltd. | 0.45% | 0.51% | +0.06% |
| Nuvama Clearing Services Ltd. | 0.45% | 0.51% | +0.06% |
| Muthoot Fincorp Ltd. | 0.45% | 0.51% | +0.06% |
| DSP Finance Pvt Ltd. | 0.45% | 0.51% | +0.06% |
| Maharashtra State | 0.43% | 0.48% | +0.05% |
| Haryana State | 0.40% | 0.45% | +0.05% |
| Godrej Industries Ltd. | 0.34% | 0.39% | +0.04% |
| Bank of India | 0.34% | 0.38% | +0.04% |
| Rajasthan State | 0.31% | 0.34% | +0.04% |
| Others | 0.29% | 0.32% | +0.04% |
| Kerala State | 0.27% | 0.31% | +0.03% |
| Reserve Bank of India | 0.63% | 0.59% | -0.03% |
| The Federal Bank Ltd. | 0.23% | 0.26% | +0.03% |
| Union Bank of India | 0.23% | 0.26% | +0.03% |
| Gujarat State | 0.19% | 0.21% | +0.02% |
| Jharkhand State | 0.12% | 0.13% | +0.01% |
| Tata Teleservices Ltd. | 0.09% | 0.10% | +0.01% |
| Andhra Pradesh State | 0.05% | 0.05% | +0.01% |
| Sundaram Finance Ltd. | 0.02% | 0.03% | 0.00% |
| Tamilnadu State | 0.02% | 0.03% | 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 | ₹12,445 Cr | 0.34% | 6.5% | 6.8% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹25,875 Cr | 0.37% | 6.5% | 6.9% | 7.0% |
 UTI Money Market Fund | ₹16,039 Cr | 0.29% | 6.5% | 6.9% | 7.0% |
 LIC MF Money Market Fund | ₹3,979 Cr | 0.38% | 6.4% | 6.4% | — |
 Franklin India Money Market Fund | ₹3,887 Cr | 0.30% | 6.5% | 6.9% | 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 months3.33% absolute | ₹60,000 | ₹61,998 | 3.33% | |
| 1 year6.33% annualised | ₹1,20,000 | ₹1,24,195 | 3.50% | |
| 3 years7.22% annualised | ₹3,60,000 | ₹4,03,034 | 11.95% | |
| 5 years6.66% annualised | ₹6,00,000 | ₹7,13,602 | 18.93% |
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 ₹1,558.78 as on 9 Nov 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 6.5% over 1 year, 6.9% over 3 years and 7.0% 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 ₹3,91,554 Cr under management.