Axis Money Market Fund
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Growthvine rating: 5/5 — ranked #2 of 28 in category.
Fund basics
| Category | Debt: Money Market |
|---|---|
| NAV | ₹1552.30 (as of 2026-10-22) |
| AUM | ₹19,012 Cr |
| Expense ratio | 0.29% |
| Riskometer | Moderate |
| Fund manager | Aditya Pagaria |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.62% |
|---|---|
| Sharpe ratio | 2.68 |
| Standard deviation | 0.53% |
| Max drawdown | −1.19% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 99.9% of NIFTY Money Market Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 5.0% | Q1 (Top) | #3 of 26 |
| 2025 | 7.4% | Q1 (Top) | #5 of 24 |
| 2024 | 7.8% | Q1 (Top) | #3 of 24 |
| 2023 | 7.3% | Q1 (Top) | #6 of 22 |
| 2022 | 4.8% | Q2 | #6 of 19 |