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Axis Money Market Fund - Regular Plan - Daily IDCW
★★★★★ monitor_heart Health Score: 76/100 · GoodAxis Mutual Fund · Debt · Money Market
₹1,005.61
AUM: ₹17,972 Cr
NAV updated 2 days ago
Plan
Regular
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.18%
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
+0.64%
3m
+1.62%
6m
+3.37%
1y
+6.34%
3y
+7.42%
5y
+6.65%
10y
—
since inception
+0.06%
rate_review TopFund's Take on Axis Money Market Fund - Regular Plan - Daily IDCW
Axis Money Market Fund - Regular Plan - Daily IDCW holds up reasonably well within the Money Market category, 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 76/100.
Cost: At 0.18%, the expense ratio runs 12% above the Money Market category average of 0.16%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
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, 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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Axis Money Market Fund - Regular Plan - Daily IDCW
The current NAV (Net Asset Value) of Axis Money Market Fund - Regular Plan - Daily IDCW is ₹1005.61. NAV is updated every business day after market close by AMFI.
1Y: 6.34% · 3Y CAGR: 7.42% · 5Y CAGR: 6.65%
The expense ratio is 0.18% per annum — the annual fee deducted from your investment to cover fund management costs.
Axis Money Market Fund - Regular Plan - Daily IDCW is managed by Devang Shah at Axis Mutual Fund.
Axis Money Market Fund - Regular Plan - Daily IDCW is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Axis Money Market Fund - Regular Plan - Daily IDCW is a Money Market fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Axis Money Market Fund - Regular Plan - Daily IDCW is ₹17,973 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.