Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Axis Money Market Fund - Direct Plan - Daily IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 62/100 · Average
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)0.0%
- Expense ratio (20%)0.16%
- AUM (15%)₹19,875 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Axis Mutual Fund · Income/Debt Oriented · Money Market Fund
₹1,005.61
AUM: ₹19,875 Cr
NAV updated 5 days ago
Plan
Direct
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.16%
Exit Load
Nil
Fund Manager
Devang Shah
Inception
Aug 2019
Benchmark
NIFTY Money Market Index A-I
Sharpe Ratio
-25.0
Std Dev (1Y)
0.26%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.0%
3m
+0.0%
6m
+0.0%
1y
+0.0%
3y
+0.0%
5y
+0.0%
10y
—
since inception
+0.08%
TopFund's Take on Axis Money Market Fund - Direct Plan - Daily IDCW
Axis Money Market Fund - Direct Plan - Daily IDCW sits in the middle of the pack for Money Market Fund funds, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 62/100.
Cost: At 0.16%, the expense ratio is meaningfully cheaper — about 60% below the Money Market Fund category average of 0.4% (based on 29 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -25.0 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.26% is on the lower side for a Money Market Fund fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
Similar Funds
No similar funds found.
Tools & Guides for This Fund
Frequently Asked Questions about Axis Money Market Fund - Direct Plan - Daily IDCW
The current NAV (Net Asset Value) of Axis Money Market Fund - Direct Plan - Daily IDCW is ₹1005.61. NAV is updated every business day after market close by AMFI.
1Y: 0.0% · 3Y CAGR: 0.0% · 5Y CAGR: 0.0%
The expense ratio of Axis Money Market Fund - Direct Plan - Daily IDCW is 0.16% per annum. This is the annual fee charged by the fund to manage your investment.
Axis Money Market Fund - Direct Plan - Daily IDCW is managed by Devang Shah at Axis Mutual Fund.
Axis Money Market Fund - Direct Plan - Daily IDCW is classified as a Low to Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Axis Money Market Fund - Direct Plan - Daily IDCW is a Money Market Fund fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Axis Money Market Fund - Direct Plan - Daily IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Axis Money Market Fund - Direct Plan - Daily IDCW is ₹19,875 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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