A news brief from the Economic Times of India, entitled, "Axis Mutual Fund launches Axis Money Market Fund," tells us, "Axis Mutual Fund has launched Axis Money Market Fund. The scheme is an open-​ended debt fund which will invest in AAA and equivalent high quality short term investments with high grade short term rating. The NFO of Axis Money Market Fund opens today and will close on August 01. The scheme will be benchmarked against NIFTY Money Market index." It adds, "The minimum application amount for this fund is Rs 5,​000. The fund offers direct and regular plan, both with growth and dividend options. The fund will be managed by Devang Shah, Deputy Head - Fixed Income and Aditya Pagaria, Fund Manager - Fixed Income."

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