Nippon India Money Market Fund vs Axis Money Market Fund
Nippon 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 05 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 07 Aug 2019 – 05 Oct 2026, limited by Axis Money Market Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Nippon India Money Market Fund | Axis Money Market Fund |
|---|---|---|
| 07 Aug 2019 | ₹100.00 | ₹100.00 |
| 12 Mar 2020 | ₹103.96 | ₹104.12 |
| 16 Oct 2020 | ₹108.10 | ₹108.55 |
| 22 May 2021 | ₹110.64 | ₹111.12 |
| 26 Dec 2021 | ₹113.12 | ₹113.62 |
| 01 Aug 2022 | ₹116.06 | ₹116.46 |
| 07 Mar 2023 | ₹120.39 | ₹120.71 |
| 11 Oct 2023 | ₹125.98 | ₹126.38 |
| 16 May 2024 | ₹131.79 | ₹132.18 |
| 20 Dec 2024 | ₹137.68 | ₹138.16 |
| 26 Jul 2025 | ₹144.74 | ₹145.23 |
| 01 Mar 2026 | ₹149.83 | ₹150.44 |
| 05 Oct 2026 | ₹155.97 | ₹156.63 |
| Metric | Nippon India · Direct NAV ₹4,564.50 Low risk ★★★☆☆ | Axis · Direct NAV ₹1,569.00 Low risk ★★★☆☆ | Category median Money Market Fund · 27 funds |
|---|---|---|---|
| +6.52% | +6.60% | +6.52% | |
| +7.41% | +7.45% | +7.37% | |
| +6.81% | +6.80% | +6.69% | |
| +6.76% | — | +6.72% | |
| +7.31% | +6.46% | +7.08% | |
| +7.23% | +7.26% | — | |
| +7.08%Best in row | +6.39% | +6.99% | |
| +6.91%Best in row | +6.33% | +6.70% | |
| +6.98% | — | +6.96% | |
| Risk | |||
| 0.43% | 0.42% | 0.42% | |
| -0.87% | -1.19% | -0.77% | |
| 0.22% | 0.18%Best in row | 0.17% | |
| ₹21,540Cr | ₹19,509Cr | ₹4,142Cr | |
| ₹10.00K | ₹100 | — | |
| Vikash Agarwal · 2.1y | Devang Shah · 7.2y | — | |
| 01 Jan 2013 | 07 Aug 2019 | — | |
| 1.1% | — | — | |
13 rows carry the same value for every fund — show
- Sharpe
- —
- Sortino
- —
- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- Exit load
- None
- Lock-in
- None
- Min SIP
- ₹100
- 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 — Nippon India Money Market Fund or Axis Money Market Fund?
Over the last 3 years, Axis Money Market Fund returned +7.45% CAGR against Nippon India Money Market Fund's +7.41%, computed from AMFI NAV history. Over 5 years: Nippon India Money Market Fund +6.81% vs Axis Money Market Fund +6.80% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Nippon India Money Market Fund or Axis Money Market Fund?
Axis Money Market Fund has the lower expense ratio: Nippon India Money Market Fund charges 0.22% 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 — Nippon India Money Market Fund or Axis Money Market Fund?
Nippon India Money Market Fund has shown higher volatility (+0.43% annualized vs Axis Money Market Fund's +0.42%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Nippon India Money Market Fund -0.15% vs Axis Money Market Fund -0.14%.
Which fund manages more money — Nippon India Money Market Fund or Axis Money Market Fund?
Nippon India Money Market Fund is the larger fund: Nippon India Money Market Fund manages ₹21,540Cr against Axis Money Market Fund's ₹19,509Cr 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 Nippon 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.