Franklin India Money Market Fund vs Axis Money Market Fund
Franklin India Money Market Fund (Direct) and Axis Money Market Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Money Market Fund schemes — see the best money market mutual funds for the full ranking.
Head to head
NAVs as of 21 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 07 Aug 2019 – 21 Oct 2026, limited by Axis Money Market Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Franklin India Money Market Fund | Axis Money Market Fund |
|---|---|---|
| 07 Aug 2019 | ₹100.00 | ₹100.00 |
| 13 Mar 2020 | ₹104.01 | ₹104.05 |
| 19 Oct 2020 | ₹108.43 | ₹108.60 |
| 26 May 2021 | ₹110.80 | ₹111.16 |
| 31 Dec 2021 | ₹113.29 | ₹113.72 |
| 08 Aug 2022 | ₹115.84 | ₹116.58 |
| 15 Mar 2023 | ₹120.13 | ₹121.01 |
| 20 Oct 2023 | ₹125.59 | ₹126.58 |
| 27 May 2024 | ₹131.37 | ₹132.48 |
| 01 Jan 2025 | ₹137.30 | ₹138.53 |
| 08 Aug 2025 | ₹144.28 | ₹145.54 |
| 16 Mar 2026 | ₹149.19 | ₹150.56 |
| 21 Oct 2026 | ₹155.37 | ₹156.76 |
| Metric | Franklin Templeton · Direct NAV ₹56.35 Low risk ★★★★★ | Axis · Direct NAV ₹1,570.37 Low risk ★★★☆☆ | Category median Money Market Fund · 27 funds |
|---|---|---|---|
| +7.34% | +7.38% | +7.30% | |
| +6.67% | +6.78%Best in row | +6.67% | |
| +6.76% | — | +6.70% | |
| +7.43% | +6.44% | +7.03% | |
| +7.13% | +7.18% | — | |
| +7.22%Best in row | +6.39% | +6.98% | |
| +7.02%Best in row | +6.34% | +6.70% | |
| +7.12% | — | +6.95% | |
| Risk | |||
| -1.16% | -1.19% | -0.77% | |
| 0.14%Best in row | 0.18% | 0.17% | |
| ₹4,068Cr | ₹20,440Cr | ₹4,368Cr | |
| ₹500 | ₹100 | — | |
| ₹10.00K | ₹100 | — | |
| Rahul Goswami · 3y | Devang Shah · 7.2y | — | |
| 11 Feb 2002 | 06 Aug 2019 | — | |
| 2.7% | 0.9% | — | |
14 rows carry the same value for every fund — show
- 1Y return (absolute)
- +6.44%
- Volatility
- 0.43%
- Sharpe
- —
- Sortino
- —
- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- Exit load
- None
- Lock-in
- None
- Portfolio turnover
- —
- Holdings
- —
- Top 10 weight
- —
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Franklin India Money Market Fund or Axis Money Market Fund?
Over the last 3 years, Axis Money Market Fund returned +7.38% CAGR against Franklin India Money Market Fund's +7.34%, computed from AMFI NAV history. Over 5 years: Franklin India Money Market Fund +6.67% vs Axis Money Market Fund +6.78% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Franklin India Money Market Fund or Axis Money Market Fund?
Franklin India Money Market Fund has the lower expense ratio: Franklin India Money Market Fund charges 0.14% a year against Axis Money Market Fund's 0.18%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Franklin India Money Market Fund or Axis Money Market Fund?
Axis Money Market Fund has shown higher volatility (+0.43% annualized vs Franklin India Money Market Fund's +0.43%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Franklin India Money Market Fund -0.12% vs Axis Money Market Fund -0.14%.
Which fund manages more money — Franklin India Money Market Fund or Axis Money Market Fund?
Axis Money Market Fund is the larger fund: Franklin India Money Market Fund manages ₹4,068Cr against Axis Money Market Fund's ₹20,440Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Franklin India Money Market Fund and Axis Money Market Fund in the same category?
Yes — both are Money Market Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.