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ICICI Prudential Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.30 0.03 0.17 0.80 2.64 4.11 7.88 7.77 7.69 8.10 --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 --
Debt: Money Market 3.81 0.03 0.15 0.65 2.17 3.62 7.41 7.45 7.64 8.11 --
Rank within category 4 8 9 4 5 4 6 7 8 10 --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
3 star
Jan-13 7.88 7.77 7.69 0.15 6,861
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.95 7.78 8.11 0.22 15,422
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.23 8.04 7.87 0.18 9,214
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.39 7.91 7.75 0.15 8,422
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.67 7.80 7.69 0.15 4,265

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.57 (24-Mar-2020 - 31-Mar-2020) -1.10 (17-Mar-2020 - 24-Mar-2020)
Month 2.33 (24-Mar-2020 - 23-Apr-2020) -0.74 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.98 (24-Mar-2020 - 24-Jun-2020) 0.05 (24-Dec-2019 - 24-Mar-2020)
Year 9.57 (26-Jul-2013 - 27-Jul-2014) 5.96 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.48 0.52 4.19 12.68 0.61 2.93
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market 7.18 0.78 3.49 9.29 0.68 2.71
Rank within category 7 7 7 5 5 9
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 -- 31
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 12.42 9.56
equal 11.60% GOI 27/12/2020 GOI Securities SOV 0.00 - 7.17 7.17
equal Apollo Tyres 244-D 21/12/2020 Commercial Paper A1+ 0.00 - 7.86 7.12
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 8.53 6.37
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 7.19 5.96
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 6.89 5.69
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 6.95 5.02
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 6.01 4.97
equal 8.03% Orissa State 26/11/2020 State Development Loan SOV 0.00 - 4.47 4.45
equal Power Grid Corporation 270-D 18/01/2021 Commercial Paper A1+ 0.00 - 3.96 3.57
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.77 2.93
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 3.47 2.87
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.43 2.83
equal Tata Capital Housing Finance 365-D 04/03/2021 Commercial Paper A1+ 0.00 - 3.40 2.83
new Bharti Hexacom 276-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.81 2.81
new Tata Motors 339-D 31/05/2021 Commercial Paper A1+ 0.00 - 2.74 2.74
equal LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 3.09 2.56
equal Cholamandalam Invest. & Fin. 364-D 04/11/2020 Commercial Paper A1+ 0.00 - 2.86 2.37
equal 6.60% Larsen & Toubro 23/04/2021 Non Convertible Debenture AAA 0.00 - 2.46 2.22
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 2.61 2.15
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.53 2.10
equal Fullerton India Credit 359-D 15/07/2020 Commercial Paper A1+ 0.89 - 1.77 1.46
equal Sharekhan BNP Paribas Financial Services 180-D 03/08/2020 Commercial Paper A1+ 0.00 - 1.77 1.45
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 1.75 1.44
equal HDFC 344-D 03/11/2020 Commercial Paper A1+ 0.00 - 5.22 1.44

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Nikhil Kabra since 03-Aug-2016

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— Rahul Goswami since 01-Nov-2013

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 286.9015

Dividend Weekly: ₹ 100.8847

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Dividend Others: ₹ 146.0584

Dividend Monthly: ₹ 101.1132

Dividend Fortnightly: ₹ 101.3487

Dividend Daily: ₹ 100.6866


Investment Strategy

The scheme seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market upto 100% and debt securities upto 40%. The aim is to optimize returns while providing liquidity.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 1
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.16%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,861 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-May-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0147

 09-Jul-20200.0227
 08-Jul-20200.0171
 07-Jul-20200.0163
 06-Jul-20200.0556
 03-Jul-20200.0359
 02-Jul-20200.0749
 29-Jun-20200.0510
 26-Jun-20200.0166
 25-Jun-20200.0085
 24-Jun-20200.0317
 22-Jun-20200.0688
 19-Jun-20200.0212
 18-Jun-20200.0124
 17-Jun-20200.0195
 16-Jun-20200.0167
 15-Jun-20200.0477
 12-Jun-20200.0270
 11-Jun-20200.0209
 10-Jun-20200.0199
 09-Jun-20200.0126
 08-Jun-20200.0534
 05-Jun-20200.0153
 04-Jun-20200.0161
 03-Jun-20200.0192
Dividend Weekly06-Jul-20200.1936

 29-Jun-20200.1145
 22-Jun-20200.2200
 15-Jun-20200.1872
 08-Jun-20200.0578
 01-Jun-20200.0046
 26-May-20200.4580
 18-May-20200.4232
 11-May-20200.2775
 04-May-20200.0528
 27-Apr-20200.1824
 20-Apr-20200.2204
 07-Apr-20200.2635
 30-Mar-20200.2165
 09-Mar-20200.1416
 02-Mar-20200.0609
 24-Feb-20200.0684
 17-Feb-20200.0885
 10-Feb-20200.1039
 03-Feb-20200.0739
 27-Jan-20200.0796
 20-Jan-20200.0623
 13-Jan-20200.0758
 06-Jan-20200.0951
 30-Dec-20190.0706
Dividend Fortnightly30-Jun-20200.2159

 15-Jun-20200.2726
 29-May-20200.4171
 15-May-20200.6112
 30-Apr-20200.4438
 15-Apr-20200.2025
 30-Mar-20200.2664
 16-Mar-20200.1254
 27-Feb-20200.1283
 14-Feb-20200.2017
 30-Jan-20200.1662
 15-Jan-20200.1786
 30-Dec-20190.1330
 16-Dec-20190.1862
 28-Nov-20190.1021
 15-Nov-20190.1966
 29-Oct-20190.1868
 15-Oct-20190.3329
 27-Sep-20190.0663
 16-Sep-20190.2739
 29-Aug-20190.2029
 16-Aug-20190.3106
 30-Jul-20190.2564
 15-Jul-20190.3777
 27-Jun-20190.1639
Dividend Monthly30-Jun-20200.4667

 29-May-20200.9681
 30-Apr-20200.6454
 30-Mar-20200.3911
 27-Feb-20200.3294
 30-Jan-20200.3441
 30-Dec-20190.3187
 28-Nov-20190.3988
 29-Oct-20190.5196
 27-Sep-20190.3399
 29-Aug-20190.4845
 30-Jul-20190.6339
 27-Jun-20190.4207
 29-May-20190.5523
 30-Apr-20190.4970
 27-Mar-20190.4761
 27-Feb-20190.4071
 30-Jan-20190.5600
 28-Dec-20180.5034
 29-Nov-20180.5086
 29-Oct-20180.5302
 27-Sep-20180.3501
 30-Aug-20180.5209
 26-Jul-20180.4609
 26-Jun-20180.4134
Dividend Others29-Sep-20144.9032

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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