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4 star

ICICI Prudential Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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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 2.82 0.03 0.06 0.33 1.04 2.07 4.00 6.52 6.72 7.19 --
CCIL T Bill Liquidity Weight 1.51 0.02 0.04 0.17 0.62 1.10 2.17 3.42 3.67 4.10 --
Debt: Money Market 2.77 0.03 0.06 0.31 1.04 2.04 3.93 6.36 6.64 7.21 --
Rank within category 10 9 3 2 13 8 9 6 8 9 --
Number of funds in category 18 20 20 19 18 18 17 13 12 12 0

As on 20-Sep-2021

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
4 star
Jan-13 4.00 6.52 6.72 0.21 12,759
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.18 6.78 6.94 0.21 16,634
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.09 6.75 6.81 0.21 15,730
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.34 4.68 5.26 0.25 7,139
Axis Money Market Fund - Direct Plan
4 star
Aug-19 4.12 -- -- 0.19 3,746

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.97 20-Aug-2020 - 20-Aug-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.39 0.73 3.22 7.66 1.30 3.22
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Money Market 6.39 1.12 2.76 6.64 1.49 3.34
Rank within category 7 7 7 6 6 8
Number of funds in category 14 14 14 14 14 14

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 57 62 45 45
Modified Duration (yrs) 0.28 0.45 0.24 0.34
Average Maturity (yrs) 0.29 0.47 0.25 0.34
Yield to Maturity (%) 3.60 3.93 3.32 3.56
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 11.79 11.79
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 13.34 10.85
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 5.10 4.62
equal Cadila Healthcare 359-D 22/10/2021 Commercial Paper A1+ 0.00 - 5.73 4.10
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 5.10 3.91
equal HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 5.45 3.90
new National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 3.86 3.86
equal National Bank Agr. Rur. Devp 174-D 15/09/2021 Commercial Paper A1+ 0.00 - 4.08 3.13
equal Can Fin Homes 244-D 06/12/2021 Commercial Paper A1+ 0.00 - 3.44 3.11
equal Tata Motors 311-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.41 3.08
equal Reliance Industries 91-D 26/10/2021 Commercial Paper A1+ 0.00 - 2.92 2.92
equal Tata Teleservices 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 3.47 2.52
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 2.58 2.33
equal M&M Financial Services 274-D 18/02/2022 Commercial Paper A1+ 0.00 - 2.55 2.31
equal Tata Teleservices (Mah) 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 2.93 2.13
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.15 1.94
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 2.50 1.92
equal Tata Teleservices (Mah) 364-D 05/05/2022 Commercial Paper A1+ 0.00 - 1.88 1.70
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 1.74 1.56
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 1.72 1.55
equal LIC Housing Fin. 196-D 07/02/2022 Commercial Paper A1+ 0.00 - 1.54 1.54
equal Barclays Investments & Loans 177-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.83 1.41
equal Tata Teleservices (Mah) 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.47 1.15
equal Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.47 1.15
new Can Fin Homes 294-D 20/06/2022 Commercial Paper A1+ 0.00 - 1.14 1.14

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 31-Aug-2021

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 20-Sep-2021

Growth: ₹ 300.7906

IDCW Weekly: ₹ 100.7622

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IDCW Others: ₹ 143.4197

IDCW Monthly: ₹ 101.0097

IDCW Fortnightly: ₹ 101.3775

IDCW Daily: ₹ 100.1435


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.59%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,759 Cr (As on 31-Aug-2021)
Expense: 0.21% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Sep-20210.0278

 17-Sep-20210.0094
 16-Sep-20210.0112
 15-Sep-20210.0059
 14-Sep-20210.0103
 13-Sep-20210.0378
 09-Sep-20210.0049
 08-Sep-20210.0089
 07-Sep-20210.0088
 06-Sep-20210.0281
 03-Sep-20210.0099
 02-Sep-20210.0139
 01-Sep-20210.0177
 31-Aug-20210.0103
 30-Aug-20210.0349
 27-Aug-20210.0152
 26-Aug-20210.0249
 25-Aug-20210.0122
 24-Aug-20210.0091
 23-Aug-20210.0322
 20-Aug-20210.0235
 18-Aug-20210.0148
 17-Aug-20210.0462
 13-Aug-20210.0132
 12-Aug-20210.0157
IDCW Weekly20-Sep-20210.0650

 13-Sep-20210.0608
 06-Sep-20210.0804
 30-Aug-20210.0971
 23-Aug-20210.0709
 17-Aug-20210.1029
 09-Aug-20210.0623
 02-Aug-20210.0698
 26-Jul-20210.0819
 19-Jul-20210.0776
 12-Jul-20210.0785
 05-Jul-20210.0941
 28-Jun-20210.0707
 21-Jun-20210.0549
 14-Jun-20210.0747
 07-Jun-20210.0740
 31-May-20210.0703
 24-May-20210.0750
 17-May-20210.0676
 10-May-20210.0517
 03-May-20210.0974
 26-Apr-20210.0988
 19-Apr-20210.0802
 12-Apr-20210.0551
 05-Apr-20210.0753
IDCW Fortnightly15-Sep-20210.1585

 30-Aug-20210.2159
 13-Aug-20210.1474
 30-Jul-20210.1640
 15-Jul-20210.1823
 30-Jun-20210.1489
 15-Jun-20210.1850
 28-May-20210.1490
 14-May-20210.1229
 30-Apr-20210.2124
 15-Apr-20210.1632
 30-Mar-20210.2476
 15-Mar-20210.1563
 26-Feb-20210.1253
 15-Feb-20210.1691
 29-Jan-20210.1212
 15-Jan-20210.1150
 30-Dec-20200.1451
 15-Dec-20200.1384
 27-Nov-20200.1254
 17-Nov-20200.2058
 29-Oct-20200.1577
 15-Oct-20200.2606
 30-Sep-20200.1736
 15-Sep-20200.1841
IDCW Monthly31-Aug-20210.3722

 30-Jul-20210.3448
 30-Jun-20210.3045
 31-May-20210.2986
 30-Apr-20210.3516
 31-Mar-20210.4246
 26-Feb-20210.2932
 29-Jan-20210.2351
 30-Dec-20200.2823
 27-Nov-20200.3298
 29-Oct-20200.4165
 30-Sep-20200.3563
 28-Aug-20200.3676
 30-Jul-20200.5013
 30-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
IDCW Others24-Mar-20219.5223

 29-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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