Debt · Money Market

Axis Money Market Fund

Axis Asset Management Co. Ltd.

Benchmark

NIFTY Money Market Index A-I

Riskometer

Moderate

Size

₹20,093 cr

Allotted

6 Aug 2019

Holdings as of

30 Sep 2026

Axis Money Market Fund is a money market fund of Axis Asset Management Co. Ltd. with ₹20,093 cr under management. It is ahead of its benchmark (NIFTY Money Market Index A-I) in 3 of 3 periods. Its direct plan charges 0.18% a year. Devang Shah has managed it for 7.2 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is Axis Money Market Fund invested in?

93% in debt, 6% in shares and 1% in cash, as of 30 Sep 2026.

Equity5.6%Debt93.3%Cash0.9%Other0.3%

Holdings as of 30 Sep 2026

Has Axis Money Market Fund beaten its benchmark?

Ahead of its benchmark, NIFTY Money Market Index A-I, in 3 of 3 periods in AMFI's figures; +6.59% over the last year against +6.49%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.45%	−1.30%	—
3 months	+1.70%	−4.28%	—
6 months	+3.23%	−1.46%	—
1 year	+6.53%	−4.25%	+10.78 pts
3 years	+7.42%	+9.50%	−2.08 pts
5 years	+6.80%	+8.14%	−1.34 pts
10 years	—	+12.76%	—
Since start from 7 Aug 2019	+6.45%	—	—

Valarth price history to 15 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026

Ahead of its benchmark (NIFTY Money Market Index A-I) in 3 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.59%	+6.41%	+6.49%	+0.10	🔒
3y	+7.44%	+7.26%	+7.10%	+0.34	🔒
5y	+6.80%	+6.63%	+6.48%	+0.32	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Money Market funds, and how steady the lead is, in the app

Value of 100, month-end

Aug 2019 to 15 Oct 2026

Fund 156Nifty 500 TRI 265

₹100 put in at the start of Aug 2019 would be ₹156 on 15 Oct 2026, against ₹265 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Axis Money Market Fund cost?

0.18% a year on the direct plan, 0.35% on the regular plan; 17 of 27 funds in its category charge less.

Direct plan

0.18% a year

Category median 0.17%

Regular plan

0.35% a year

Category median 0.40%

Gap

0.17 points

for the same holdings

17 of 27 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Income/Debt Oriented Schemes - Money Market Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Axis Money Market Fund?

Devang Shah, since 6 Aug 2019; Aditya Pagaria, since 6 Aug 2019; Sachin Jain, since 6 Aug 2019.

Devang Shah

7.2 years

since 6 Aug 2019

Aditya Pagaria

7.2 years

since 6 Aug 2019

Sachin Jain

7.2 years

since 6 Aug 2019

Benchmark as filedNIFTY Money Market Index A-I

Exit load

Nil

From 8 Scheme Summary Documents filed with NSE, first on 24 Feb 2026; as on 11 Oct 2026

Questions people ask

Who manages Axis Money Market Fund?

Devang Shah (manager) since 6 Aug 2019; Aditya Pagaria (manager) since 6 Aug 2019; Sachin Jain (manager) since 6 Aug 2019.

What is the expense ratio of Axis Money Market Fund?

0.18% a year on the direct plan and 0.35% on the regular plan (expense report, Oct 2026).

How has Axis Money Market Fund done?

Its direct plan returned +7.44% a year over 3 years against +7.10% for its benchmark, NIFTY Money Market Index A-I, as of 14 Oct 2026.