<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2017-02-03</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>15:00:00</finalEffectivenessDispTime>
        <form>N-14</form>
        <filer>
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            <entityName>DIREXION FUNDS</entityName>
            <fileNumber>333-215450</fileNumber>
            <seriesClassContractData>
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                    <targetCik>0001492374</targetCik>
                    <targetEntityName>Destra Investment Trust</targetEntityName>
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                    <targetSeriesName>Destra Dividend Total Return Fund</targetSeriesName>
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                    <acquiringClassContractName>Institutional Class</acquiringClassContractName>
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                    <targetSeriesId>S000033470</targetSeriesId>
                    <targetSeriesName>Destra Dividend Total Return Fund</targetSeriesName>
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                <merger>
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                    <targetSeriesName>Destra Dividend Total Return Fund</targetSeriesName>
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