Should I invest in Axis Money Market Fund - Annual IDCW?

We don't give personal investment advice. Axis Money Market Fund - Direct Plan - Annual IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 3.4%. 5-year CAGR: 3.01%.

Axis

Axis Money Market Fund - Direct Plan - Annual IDCW

Latest NAV

₹1,293.1119

As of

3 Jun 2026

1,656 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.03%	+0.01%	+0.02	4 / 78	Q1
1W	+0.24%	+0.16%	+0.09	7 / 77	Q1
2W	+0.15%	+0.09%	+0.07	17 / 76	Q1
1M	+0.22%	+0.09%	+0.13	10 / 75	Q1
3M	-1.80%	+0.38%	-2.18	74 / 74	Q4
6M	-0.39%	+0.73%	-1.12	68 / 75	Q4
YTD	-0.87%	+0.64%	-1.51	71 / 74	Q4
1Y	+2.85%	+1.73%	+1.12	23 / 74	Q2
2Y	+3.86%	+2.20%	+1.66	22 / 72	Q2
3Y	+3.94%	+2.30%	+1.64	21 / 67	Q2
4Y	+3.74%	+2.36%	+1.37	18 / 60	Q2
5Y	+3.01%	+2.14%	+0.87	17 / 54	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+3.81%	+1.84%	+1.97	17 / 78	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-0.87%	+0.60%	-1.47	60 / 63
2025	+4.21%	+2.54%	+1.66	20 / 62
2024	+4.32%	+2.53%	+1.79	19 / 62
2023	+3.84%	+2.35%	+1.50	18 / 61
2022	+1.28%	+1.43%	-0.15	18 / 55
2021	+3.89%	+0.83%	+3.05	2 / 52
2020	+6.36%	+1.67%	+4.69	3 / 56
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+3.84%

72 windows

min 0.1% · max 7.6%

100% positive

3-Year rolling

+3.41%

47 windows

min 2.3% · max 4.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+3.56%

23 windows

min 3.0% · max 4.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

2.92%

3-year · annualised

Sharpe ratio

-0.88

vs risk-free 6.5%

Sortino ratio

-1.05

Downside-only deviation

Max drawdown

-3.27%

Mar 2024 → Mar 2024

% positive months

91.7%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,063.6400	3 Jun 2026
NIPPON INDIA MONEY MARKET FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,006.2364	3 Jun 2026
SBI Savings Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹18.5990	3 Jun 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Daily IDCW	ICICI Prudential	₹100.1435	3 Jun 2026
Invesco India Money Market Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,012.2021	3 Jun 2026
Bandhan Money Market Fund -Direct Plan-Daily IDCW	Bandhan	₹10.0994	3 Jun 2026
Aditya Birla Sun Life Money Manager Fund - Direct - daily IDCW	Aditya Birla Sun Life	₹100.0200	3 Jun 2026
Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW	Franklin India	₹10.0646	3 Jun 2026
Mirae Asset Money Market Fund Direct IDCW	Mirae Asset	₹1,346.7546	3 Jun 2026
Kotak Money Market Fund - (Monthly Payout of Income Distribution cum capital withdrawal option) - Direct	Kotak	₹1,273.6788	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,293.1119
2 Jun 2026	₹1,292.8980
1 Jun 2026	₹1,292.4638
31 May 2026	₹1,291.7920
29 May 2026	₹1,291.2827
27 May 2026	₹1,290.3105
26 May 2026	₹1,289.7542
25 May 2026	₹1,289.9326
22 May 2026	₹1,289.4201
21 May 2026	₹1,289.5144

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Axis Money Market Fund - Direct Plan - Annual IDCW is ₹1,293.1119. It's a Money Market Fund from Axis, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Money Market Fund - Direct Plan - Annual IDCW has NAV history starting from 07 Aug 2019, a track record of about 6 years 9 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Axis Money Market Fund - Direct Plan - Annual IDCW is managed by Axis. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Money Market Fund - Direct Plan - Annual IDCW has delivered a absolute return of 2.85% — +1.12 pp ahead of the Money Market Fund category average of 1.73%. The fund ranks #23 of 74 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Axis Money Market Fund - Direct Plan - Annual IDCW has delivered a CAGR of 3.94% — +1.64 pp ahead of the Money Market Fund category average of 2.30%. The fund ranks #21 of 67 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Axis Money Market Fund - Direct Plan - Annual IDCW has delivered a CAGR of 3.01% — +0.87 pp ahead of the Money Market Fund category average of 2.14%. The fund ranks #17 of 54 in its category — the second (Q2) quartile.

₹1 lakh invested in Axis Money Market Fund - Direct Plan - Annual IDCW exactly 5 years ago would be worth approximately ₹115,985 today — a multiplier of 1.16×, based on the 5-year CAGR of 3.01%. The category average over the same window would have grown ₹1 lakh to ₹111,146.

A ₹10,000 monthly SIP in Axis Money Market Fund - Direct Plan - Annual IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹651,111 today. That's an XIRR (money-weighted annualised return) of 3.23%.

Axis Money Market Fund - Direct Plan - Annual IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹651,111 — XIRR 3.23%.

On a 5-year basis, Axis Money Market Fund - Direct Plan - Annual IDCW ranks #17 out of 54 funds in the Money Market Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 2.14%; this fund delivered 3.01%.

The worst peak-to-trough decline Axis Money Market Fund - Direct Plan - Annual IDCW has experienced over the last 5-year window is 3.44% — its NAV fell from a high on 25 Mar 2022 to a low on 28 Mar 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Axis Money Market Fund - Direct Plan - Annual IDCW averaged 3.56% (best 3.96%, worst 2.95%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.15 — negative risk-adjusted performance.

In calendar year 2025, Axis Money Market Fund - Direct Plan - Annual IDCW returned 4.21% — beating the Money Market Fund category average of 2.54% by 1.66 pp. It ranked #20 of 62 in its category that year.

Axis Money Market Fund - Direct Plan - Annual IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Axis Money Market Fund - Direct Plan - Annual IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 3.4%. 5-year CAGR: 3.01%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Axis Money Market Fund - Direct Plan - Annual IDCW

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Money Market Fund

Recent NAVs

Frequently asked questions

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