Axis Money Market Fund - Direct Plan - Growth Option
Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals. From Axis Mutual Fund. It's been running since 7 Aug 2019.
What ₹1 lakh would have become
Based on past returnsThese are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.
Play with a monthly investment
Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.
Vs 38 other funds in Income/Debt Oriented Schemes - Money Market Fund
Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.
Year by year
Calendar-year returns. 7 of last 7 years were positive.
Price over time
How the per-unit price has moved. Tap a range to zoom in.
Bumpiness & worst drops
The value swings roughly 0% up or down in a typical year. Finance-speak calls this volatility.
A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.
Similar funds you might want to look at
Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.
Head-to-head comparisons
Side-by-side comparisons of Axis Money Market Fund - Direct Plan - Growth Option against other debt funds.
Technical details (for the pros)
Fund info
- Fund house
- Axis Mutual Fund
- Category
- Income/Debt Oriented Schemes - Money Market Fund
- Plan
- Direct
- Option
- Growth
- ISIN (Growth)
- INF846K01Q62
- ISIN (Div re-invest)
- —
- Fund code
- 147567
- First price on record
- 7 Aug 2019 · 1,721 daily prices
About Axis Money Market Fund - Direct Plan - Growth Option
Axis Money Market Fund - Direct Plan - Growth Option is a Income/Debt Oriented Schemes - Money Market Fund offered by Axis Mutual Fund under the Direct plan with the Growth option. It has approximately 7 years of NAV track record. The fund falls in the debt category — Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.
The current NAV of Axis Money Market Fund - Direct Plan - Growth Option is ₹1561.8752 (as of 4 Sep 2026). Historically, it has delivered 6.71% over the last year, 7.50% CAGR over 3 years, 6.75% CAGR over 5 years. Returns are historical and don't predict future performance.
Over the last three years, the fund's prices have moved with 0.4% annualised volatility — a "low" level of bumpiness; its deepest peak-to-trough fall on record was 1.2%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.
Frequently asked
What is the latest NAV of Axis Money Market Fund - Direct Plan - Growth Option?+
The latest NAV of Axis Money Market Fund - Direct Plan - Growth Option is ₹1561.8752 as of 4 Sep 2026, up 0.03% from the previous day. NAV is updated once a business day after the market close.
What are the returns of Axis Money Market Fund - Direct Plan - Growth Option?+
Axis Money Market Fund - Direct Plan - Growth Option has delivered 1-year return 6.71%, 3-year CAGR 7.50%, 5-year CAGR 6.75%, since-inception CAGR 6.48%. Returns are historical and don't predict future performance — markets move in cycles.
What category does Axis Money Market Fund - Direct Plan - Growth Option belong to?+
Axis Money Market Fund - Direct Plan - Growth Option is categorised as Income/Debt Oriented Schemes - Money Market Fund. Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.
How risky is Axis Money Market Fund - Direct Plan - Growth Option?+
Based on its 3-year annualised volatility of 0.4%, Axis Money Market Fund - Direct Plan - Growth Option sits in the "low" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.
Is Axis Money Market Fund - Direct Plan - Growth Option a direct plan?+
Axis Money Market Fund - Direct Plan - Growth Option is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).
How old is Axis Money Market Fund - Direct Plan - Growth Option?+
Axis Money Market Fund - Direct Plan - Growth Option has NAV history available from 7 Aug 2019 — approximately 7 years of track record and 1,721 daily NAV observations.
Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.