Two Money market funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Aditya Birla Sun Life Money Market Fund vs Axis Money Market Fund, as of 9 Nov 2026: Aditya Birla Sun Life Money Market Fund NAV ₹408.97, 3Y CAGR 7.3%, expense ratio 0.22%; Axis Money Market Fund NAV ₹1,576.66, 3Y CAGR 7.4%, expense ratio 0.18%; about 11% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Aditya Birla Sun Life Money Market Fund Direct Growth | Axis Money Market Fund Direct Growth | |
|---|---|---|
| Category | Money market | Money market |
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Plan | Direct Plan · GROWTH | Direct Plan · Growth Option |
| NAV | ₹408.97 (9 Nov 2026) | ₹1,576.66 (9 Nov 2026) |
| 1Y return | 6.5% | 6.5% |
| 3Y CAGR | 7.3% | 7.4% |
| 5Y CAGR | 6.8% | 6.8% |
| Since launch (CAGR) | 7.4% | 6.4% |
| Expense ratio | 0.22% | 0.18% |
| AUM | ₹26,190 cr | ₹19,142 cr |
| Risk-o-meter | Moderate | Moderate |
| Benchmark | CRISIL Money Market A-I Index | NIFTY Money Market Index A-I |
| Exit load | — | Nil |
| Minimum SIP | ₹1,000 | ₹10 |
| Holdings | 140 | 129 |
| Top 10 holdings weight | 27.8% | 23.8% |
| Portfolio overlap | About 11% by weight, from the latest disclosed holdings | |
Returns are point-to-point for each plan, after its expense ratio; periods over one year are CAGR. Past performance is not indicative of future results.
Open in the compare tool: growth charts, SIP outcomes and shared holdings →Axis Money Market Fund has the higher 5-year CAGR (as of 9 Nov 2026): Aditya Birla Sun Life Money Market Fund 6.8% a year vs Axis Money Market Fund 6.8% a year. Past performance is not indicative of future results.
Axis Money Market Fund costs less: Aditya Birla Sun Life Money Market Fund charges 0.22% a year and Axis Money Market Fund 0.18% a year.
Aditya Birla Sun Life Money Market Fund is larger: Aditya Birla Sun Life Money Market Fund manages ₹26,190 cr and Axis Money Market Fund ₹19,142 cr (as of 9 Nov 2026).
About 11% of their portfolios overlap by weight (the smaller weight of each common holding, summed), from the latest disclosed holdings.
Both are rated "Moderate" on SEBI's risk-o-meter.
We don't give recommendations. Jivani Markets is not a SEBI-registered investment adviser or research analyst. Whether a fund suits you depends on your goals, horizon and risk appetite; speak to a SEBI-registered investment adviser or an AMFI-registered mutual fund distributor before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future results.
Returns are for Direct plans, after expenses (TER is already in the NAV). Research, not advice: we do not say a fund suits you. Disclaimer