GMP IPO Watch
Debt Scheme - Money Market Fund
Axis Money Market Fund
Direct Plan · Monthly IDCW Option · Axis Mutual Fund
Risk: Moderate Risk
★★★★★
Morningstar
52W Low ₹1008.11 30 Apr 2026
52W High ₹1018.20 24 Jun 2026
₹1010.7187
NAV as of 4 Nov 2026
+0.03% day change
Other Plans of This Fund
ISININF846K01R12
Scheme Code147572
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹0.49 Cr
Expense Ratio (as of 3 Nov 2026)0.18%
Min. InvestmentRs. 5,000 and in multiples of Re 1/- thereafter
Inception Date26 Jul 2019
BenchmarkNIFTY Money Market Index A-I
Portfolio Turnover261.76%
NFO Period26 Jul 2019 – 01 Aug 2019
Returns
1Y
+0.03%
3Y
+0.05%
5Y
+0.05%
7Y
+0.09%
Since Inception
+0.12%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.16% | +0.10% | 7 of 28 |
| 1M | +0.06% | +0.27% | 3 of 28 |
| 3M | +0.04% | +1.03% | 1 of 28 |
| 6M | +0.17% | +2.34% | 2 of 28 |
| YTD | +0.11% | +3.78% | 2 of 28 |
| 1Y | +0.03% | +4.39% | 2 of 26 |
| 2Y | +0.06% | +4.79% | 1 of 24 |
| 3Y | +0.05% | +5.03% | 1 of 24 |
| 5Y | +0.05% | +4.25% | 1 of 20 |
| 7Y | +0.09% | +3.89% | 1 of 17 |
| INCEPTION | +0.12% | — | — |
Ranked among: Debt Scheme - Money Market Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.03% | +1.87% | -1.21% | 56% | 22% |
| 6M | +0.05% | +1.67% | -1.21% | 61% | 25% |
| 1Y | +0.08% | +1.64% | -0.86% | 69% | 27% |
| 2Y | +0.08% | +0.83% | -0.43% | 84% | 34% |
| 3Y | +0.08% | +0.63% | -0.29% | 92% | 37% |
| 5Y | +0.08% | +0.39% | -0.13% | 98% | 39% |
| 7Y | +0.10% | +0.14% | +0.05% | 100% | 40% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt99.14%
- Cash0.86%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings127
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank Limited (12/03/2027) ** | Money Market | 3.57% | +0.41% |
| Small Industries Dev Bank of India (18/02/2027) ** | Money Market | 3.02% | +1.37% |
| HDFC Bank Limited (15/02/2027) ** | Money Market | 2.44% | +0.29% |
| National Bank For Agriculture and Rural Development (10/03/2027) ** | Money Market | 2.42% | +0.28% |
| National Bank For Agriculture and Rural Development (28/01/2027) ** | Money Market | 2.31% | +0.26% |
| The Federal Bank Limited (17/02/2027) ** | Money Market | 2.31% | +0.27% |
| Panatone Finvest Limited (11/01/2027) ** | Money Market | 2.19% | +0.26% |
| Clearing Corporation of India Ltd | Net Current Assets | 2.14% | — |
| Small Industries Dev Bank of India (14/01/2027) ** | Money Market | 2.06% | +1.60% |
| Punjab National Bank (05/02/2027) ** | Money Market | 2.06% | +1.04% |
| Punjab & Sind Bank (26/02/2027) ** | Money Market | 2.05% | +0.24% |
| HDFC Bank Limited (02/03/2027) ** | Money Market | 2.05% | +0.24% |
| Punjab & Sind Bank (12/03/2027) ** | Money Market | 2.04% | +0.24% |
| Small Industries Dev Bank of India (28/01/2027) ** | Money Market | 1.93% | +0.23% |
| National Bank For Agriculture and Rural Development (17/02/2027) ** | Money Market | 1.92% | +0.22% |
View all 129 holdings
| Kotak Mahindra Bank Limited (08/01/2027) ** | Money Market | 1.81% | +0.21% |
| IndusInd Bank Limited (22/01/2027) ** | Money Market | 1.80% | +0.21% |
| Bajaj Housing Finance Limited (27/01/2027) ** | Money Market | 1.80% | +0.21% |
| AU Small Finance Bank Limited (03/03/2027) ** | Money Market | 1.53% | +0.18% |
| Kotak Mahindra Bank Limited (29/01/2027) ** | Money Market | 1.49% | +0.17% |
| L&T Finance Limited (15/12/2026) ** | Money Market | 1.30% | — |
| Kotak Mahindra Bank Limited (04/02/2027) | Money Market | 1.29% | +0.15% |
| HDFC Bank Limited (09/03/2027) ** | Money Market | 1.28% | +0.15% |
| Mindspace Business Parks REIT (05/02/2027) ** | Money Market | 1.28% | +0.15% |
| ICICI Securities Limited (12/02/2027) ** | Debt | 1.28% | +0.15% |
| ICICI Securities Limited (18/02/2027) ** | Debt | 1.28% | +0.15% |
| National Bank For Agriculture and Rural Development (22/01/2027) ** | Money Market | 1.26% | +0.12% |
| Infina Finance Private Limited (11/06/2027) ** | Money Market | 1.24% | +0.14% |
| Bank of Baroda (02/02/2027) ** | Money Market | 1.21% | +0.14% |
| 182T241226 | Money Market | 1.21% | +0.14% |
| ICICI Bank Limited (27/01/2027) ** | Money Market | 1.16% | +0.14% |
| Canara Bank (29/01/2027) ** | Money Market | 1.16% | +0.71% |
| Canara Bank (04/03/2027) | Money Market | 1.15% | +0.13% |
| REC Limited (08/03/2027) ** | Money Market | 1.15% | — |
| Punjab National Bank (28/01/2027) ** | Money Market | 1.13% | +0.13% |
| IDFC First Bank Limited (27/01/2027) ** | Money Market | 1.03% | +0.12% |
| IDFC First Bank Limited (04/02/2027) ** | Money Market | 1.03% | +0.12% |
| IIFL Finance Limited (28/12/2026) ** | Money Market | 1.03% | +0.12% |
| 182T040227 | Money Market | 1.03% | +0.12% |
| Motilal Oswal Financial Services Limited (18/02/2027) ** | Money Market | 1.02% | +0.12% |
| 360 One Prime Limited (18/02/2027) ** | Money Market | 1.02% | +0.12% |
| Mahindra & Mahindra Financial Services Limited (18/02/2027) ** | Money Market | 0.95% | -0.11% |
| Punjab National Bank (04/02/2027) ** | Money Market | 0.90% | +0.45% |
| L&T Finance Limited (12/03/2027) ** | Money Market | 0.89% | +0.10% |
| SDL GJ 7.43% 2027 | Debt | 0.82% | +0.09% |
| 182T210127 | Money Market | 0.78% | +0.09% |
| IDFC First Bank Limited (15/01/2027) ** | Money Market | 0.77% | +0.09% |
| Bank of Baroda (27/01/2027) ** | Money Market | 0.77% | +0.09% |
| Punjab National Bank (10/02/2027) | Money Market | 0.77% | +0.54% |
| Bank of Baroda (05/03/2027) ** | Money Market | 0.77% | +0.09% |
| IDBI Bank Limited (11/03/2027) ** | Money Market | 0.77% | +0.09% |
| Birla Group Holdings Private Limited (21/01/2027) ** | Money Market | 0.77% | +0.09% |
| Godrej Housing Finance Limited (18/02/2027) ** | Money Market | 0.77% | +0.09% |
| Godrej Finance Limited (18/02/2027) ** | Money Market | 0.77% | +0.09% |
| Piramal Finance Limited (22/02/2027) ** | Money Market | 0.77% | +0.09% |
| 7.62% Uttar Pradesh State Development Loans (15/02/2027) | Debt | 0.74% | +0.08% |
| Export Import Bank of India (29/01/2027) ** | Money Market | 0.64% | +0.07% |
| National Bank For Agriculture and Rural Development (27/01/2027) ** | Money Market | 0.64% | +0.07% |
| Bank of Baroda (08/03/2027) | Money Market | 0.64% | +0.08% |
| ICICI Bank Limited (19/03/2027) ** | Money Market | 0.64% | +0.08% |
| Motilal Oswal Financial Services Limited (28/01/2027) ** | Money Market | 0.64% | +0.07% |
| Infina Finance Private Limited (05/03/2027) ** | Money Market | 0.64% | +0.08% |
| SDL KL 6.72% 2027 | Debt | 0.61% | +0.07% |
| 364TB28127 | Money Market | 0.59% | — |
| SDL GJ 6.58% 2027 | Debt | 0.53% | +0.06% |
| Bajaj Housing Finance Limited (01/01/2027) ** | Money Market | 0.52% | +0.06% |
| Small Industries Dev Bank of India (26/02/2027) ** | Money Market | 0.51% | +0.06% |
| National Bank For Agriculture and Rural Development (02/03/2027) ** | Money Market | 0.51% | +0.06% |
| 360 One Prime Limited (18/01/2027) ** | Money Market | 0.51% | +0.06% |
| Piramal Finance Limited (29/01/2027) ** | Money Market | 0.51% | +0.06% |
| Phoenix Arc Limited (18/02/2027) ** | Money Market | 0.51% | +0.06% |
| DSP Finance Private Limited (19/03/2027) ** | Money Market | 0.51% | +0.06% |
| Muthoot Fincorp Ltd (12/03/2027) ** | Money Market | 0.51% | +0.06% |
| Nuvama Clearing Services Ltd (18/03/2027) ** | Money Market | 0.51% | +0.06% |
| 7.51% Maharashtra State Development Loans (24/05/2027) | Debt | 0.48% | +0.05% |
| 7.59% Haryana State Development Loans (15/02/2027) | Debt | 0.45% | +0.05% |
| Canara Bank (18/12/2026) ** | Money Market | 0.39% | +0.05% |
| Godrej Industries Limited (25/01/2027) ** | Money Market | 0.39% | +0.05% |
| Godrej Industries Limited (27/01/2027) ** | Money Market | 0.39% | +0.05% |
| Godrej Industries Limited (28/01/2027) ** | Money Market | 0.39% | +0.05% |
| Godrej Industries Limited (29/01/2027) ** | Money Market | 0.39% | +0.05% |
| Bank of India (18/02/2027) ** | Money Market | 0.38% | +0.04% |
| Punjab National Bank (04/03/2027) ** | Money Market | 0.38% | +0.04% |
| Punjab National Bank (18/03/2027) ** | Money Market | 0.38% | -0.30% |
| Infina Finance Private Limited (25/03/2027) ** | Money Market | 0.38% | +0.04% |
| 773RJ2027 | Debt | 0.34% | +0.03% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Debt | 0.32% | +0.03% |
| 7.77% Kerala State Development Loans (01/03/2027) | Debt | 0.31% | +0.04% |
| 7.51% Rajasthan State Development Loans (24/05/2027) | Debt | 0.27% | +0.03% |
| Bank of Baroda (23/12/2026) ** | Money Market | 0.26% | +0.03% |
| Punjab National Bank (09/02/2027) ** | Money Market | 0.26% | +0.03% |
| Kotak Mahindra Bank Limited (12/02/2027) ** | Money Market | 0.26% | +0.03% |
| ICICI Bank Limited (12/02/2027) ** | Money Market | 0.26% | — |
| The Federal Bank Limited (18/02/2027) ** | Money Market | 0.26% | +0.03% |
| Canara Bank (26/02/2027) ** | Money Market | 0.26% | +0.03% |
| HDFC Bank Limited (05/03/2027) | Money Market | 0.26% | +0.03% |
| ICICI Bank Limited (08/03/2027) ** | Money Market | 0.26% | +0.03% |
| Union Bank of India (16/03/2027) | Money Market | 0.26% | +0.03% |
| Birla Group Holdings Private Limited (02/02/2027) ** | Money Market | 0.26% | +0.03% |
| Mahindra & Mahindra Financial Services Limited (25/02/2027) ** | Money Market | 0.26% | -1.77% |
| National Bank For Agriculture and Rural Development (17/03/2027) ** | Money Market | 0.25% | +0.14% |
| SDL MH 6.54% 2027 | Debt | 0.23% | +0.03% |
| 771GUJ2027 | Debt | 0.21% | +0.02% |
| Canara Bank (02/02/2027) ** | Money Market | 0.18% | +0.02% |
| 7.39% Tamil Nadu State Development Loans (09/11/2026) | Debt | 0.16% | +0.02% |
| Bank of Baroda (04/02/2027) ** | Money Market | 0.15% | +0.01% |
| Bank of Baroda (12/02/2027) ** | Money Market | 0.14% | +0.03% |
| 7.8% Jharkhand State Development Loans (01/03/2027) | Debt | 0.13% | +0.01% |
| Small Industries Dev Bank of India (16/12/2026) ** | Money Market | 0.13% | -2.87% |
| Canara Bank (28/01/2027) | Money Market | 0.13% | -0.67% |
| Bank of Baroda (05/02/2027) ** | Money Market | 0.13% | +0.02% |
| IndusInd Bank Limited (09/03/2027) ** | Money Market | 0.13% | +0.02% |
| Birla Group Holdings Private Limited (08/01/2027) ** | Money Market | 0.13% | +0.02% |
| Kotak Mahindra Prime Limited (05/03/2027) ** | Money Market | 0.13% | — |
| ICICI Securities Limited (05/03/2027) ** | Debt | 0.13% | +0.02% |
| 364T151026 | Money Market | 0.13% | +0.01% |
| 364T231026 | Money Market | 0.13% | +0.01% |
| 7.61% Tamil Nadu State Development Loans (15/02/2027) | Debt | 0.11% | +0.02% |
| Tata Teleservices Limited (12/02/2027) ** | Money Market | 0.10% | +0.01% |
| Mahindra & Mahindra Financial Services Limited (14/12/2026) ** | Money Market | 0.08% | — |
| 7.74% Tamilnadu UDAY BOND (22/02/2027) | Debt | 0.05% | +0.00% |
| SDL GJ 6.75% 2027 | Debt | 0.05% | +0.00% |
| 7.35% Andhra Pradesh State Development Loans Uday (18/10/2026) | Debt | 0.05% | +0.00% |
| Punjab National Bank (15/12/2026) ** | Money Market | 0.05% | -0.57% |
| 7.9% Tamilnadu UDAY BOND (22/03/2027) | Debt | 0.03% | +0.01% |
| 7.75% Tamil Nadu UDAY BOND (22/02/2027) | Debt | 0.03% | +0.01% |
| Sundaram Finance Limited (12/02/2027) ** | Money Market | 0.03% | +0.01% |
| 364TB61126 | Money Market | 0.02% | +0.00% |
| Net Receivables / (Payables) | Net Current Assets | -1.28% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.98 | 0.76 | High Volatility |
| 3Y | 2.11 | 0.68 | High Volatility |
| 5Y | 1.97 | 0.66 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -16.21 | -7.24 | Below Average |
| 3Y | -17.62 | -3.16 | Below Average |
| 5Y | -19.86 | -7.03 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.02 | 22.97 | Below Average |
| 3Y | 0.04 | 42.69 | Below Average |
| 5Y | 0.04 | 33.34 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.37 | 1.46 | Good Risk Adjusted Returns |
| 3Y | 1.44 | 1.50 | Good Risk Adjusted Returns |
| 5Y | 1.47 | 1.52 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
LIC MF Money Market Fund
Direct Plan · Growth
|
+6.50% | +6.74% | — | +6.58% |
|
Bajaj Finserv Money Market Fund
Direct Plan · Growth
|
+6.36% | +7.29% | — | +7.38% |
|
Mirae Asset Money Market Fund
Direct Plan · Growth
|
+6.30% | +7.32% | +6.66% | +6.50% |
|
JioBlackRock Money Market Fund
Direct Plan · Growth Option
|
+6.27% | — | — | +6.17% |
|
UTI - Money Market Fund
Regular Plan · Discontinued Growth
|
+6.27% | +7.03% | +6.38% | +6.89% |
|
Tata Money Market Fund
Regular Plan · Growth Option
|
+6.22% | +7.17% | +6.63% | +6.95% |
|
ICICI Prudential Money Market Fund - Cash Option
Regular Plan · Growth
|
+6.22% | +7.17% | +6.62% | +7.10% |
|
Sundaram Money Market Fund
Regular Plan · GROWTH
|
+6.21% | +7.07% | +6.46% | +6.20% |
|
HDFC Money Market Fund
Regular Plan · Growth Option
|
+6.19% | +7.12% | +6.57% | +7.30% |
|
Nippon India Money Market Fund
Regular Plan · Growth Option
|
+6.18% | +7.17% | +6.67% | +7.35% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Money Market Instruments - (0%-100%)
Exit Load
Nil
Fund Managers
Mr. Devang Shah, Mr. Aditya Pagaria, Mr. Sachin Jain
Mr. Devang Shah - Comanage/Fixed Income, Mr. Aditya Pagaria - Comanage/Fixed Income, Mr. Sachin Jain - Comanage/Fixed Income
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.