December 2, 2022


Axis Money Market Fund - Direct Plan-Growth

Axis Cash Market Fund – Direct Plan-Development

This Cash Market fund was launched on 06th August 2019 by the Axis Mutual fund. It’s an open-ended medium-sized fund of its class. Below the fund’s Direct Plan-Development scheme, its Asset Below Managed is stood at Rs 5348.63 Crore.

The latest declared NAV of this Fund dated 07th April 2022 is Rs 1152.84. The expense ratio of the scheme is 0.2%, which is barely larger than its class common. 

This fund has been rated 3-star by the CRISIL. On the danger meter, it’s low to reasonable threat. This fund has given common efficiency amongst its peer funds. The has been Managed by MR. Devang Shah, Mr Aditya Pagaria, and Mr Sachin Jain. 

This fund is greatest suited to the buyers who want to park their cash for brief interval or on the lookout for a saving account different for the excess cash. The minimal funding quantity required for this fund’s scheme is Rs 5,000 and for Sip it’s Rs 1,000.

Absolute And Annualised Returns

Absolute And Annualised Returns

Lump-Sum Funding Returns

Since its inception, it has delivered 5.47% common annual returns.

Funding Interval Absolute Returns Annualised Returns Class Avg
1 12 months 4.06% 4.06% 3.91%
2 12 months 9.83% 4.80% 4.57%
Since Inception 15.28% 5.47% 6.42%

 SIP Returns

SIP Interval Absolute Returns Annualised Returns
1 12 months 2.24% 4.17%
2 12 months 4.43% 4.23%

Portfolio

Portfolio

The fund has an 87.96 per cent debt publicity, with 13.86 per cent in authorities securities and 74.1 per cent in extraordinarily low-risk belongings. The fund’s credit score file is excellent, suggesting that it has loaned to debtors of top quality. Since most funds on this class lend to stronger debtors, the danger of default is larger on this fund than in others within the class. HDFC Financial institution Ltd., Reserve Financial institution of India, Canara Financial institution, Reliance Retail Ventures Ltd., and L&T Finance Ltd. are among the many fund’s high holdings.



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