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ICICI Prudential Money Market Fund

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 1.70 0.12 0.20 0.61 1.56 3.14 7.20 7.36 7.50 7.95 7.97
CCIL T Bill Liquidity Weight 1.14 0.00 0.08 0.41 1.05 1.92 4.11 4.16 4.43 4.77 4.74
Debt: Money Market 1.61 0.09 0.17 0.52 1.48 3.03 6.96 6.99 7.34 7.83 7.99
Rank within category 6 5 5 4 6 8 7 7 7 8 8
Number of funds in category 18 19 19 18 18 18 16 12 12 12 11

As on 07-Apr-2020

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 0.95 (16-Mar-2007 - 17-Apr-2007) -0.75 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.59 (17-Feb-2012 - 20-May-2012) 0.02 (24-Dec-2019 - 24-Mar-2020)
Year 9.92 (12-Aug-2011 - 13-Aug-2012) 3.01 (29-Apr-2009 - 29-Apr-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.11 0.40 3.87 10.07 1.00 3.04
CCIL T Bill Liquidity Weight 4.07 0.27 -5.49 -9.70 -- --
Debt: Money Market 6.79 0.71 2.89 7.17 0.95 2.65
Rank within category 7 5 7 5 8 7
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 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 83 91 68 38
Modified Duration (yrs) 0.32 0.46 0.28 --
Average Maturity (yrs) 0.34 0.50 0.29 --
Yield to Maturity (%) 5.71 7.57 5.45 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reliance Industries 179-D 02/03/2020 Commercial Paper A1+ 0.00 - 5.44 4.61
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.70 3.70
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 2.02 - 4.35 3.69
equal Oriental Bank of Com. 19/08/2020 Certificate of Deposit A1+ 0.00 - 4.23 3.59
new National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 3.49 3.49
equal Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 3.16 2.69
up HDFC 344-D 03/11/2020 Commercial Paper A1+ 0.00 - 2.66 2.66
equal SBI Cards & Payments Services 211-D 11/03/2020 Commercial Paper A1+ 0.00 - 2.71 2.30
equal IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 2.67 2.27
equal Reserve Bank of India 182-D 26/03/2020 Treasury Bills SOV 0.00 - 4.18 2.16
down Oriental Bank of Com. 2020 Certificate of Deposit A1+ 0.96 - 2.91 2.07
equal Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.41 2.05
equal Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 2.17 1.84
equal Can Fin Homes 174-D 25/05/2020 Commercial Paper A1+ 0.00 - 2.14 1.82
equal Rabo Bank India 2020 Certificate of Deposit A1+ 0.00 - 2.14 1.82
new Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 1.81 1.81
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.07 1.76
equal IDFC First Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 1.90 1.61
new LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 1.57 1.57
equal Cholamandalam Invest. & Fin. 364-D 04/11/2020 Commercial Paper A1+ 0.00 - 1.71 1.46
equal SIDBI 18/03/2020 Certificate of Deposit A1+ 1.38 - 1.65 1.38
down Larsen & Toubro 91-D 30/03/2020 Commercial Paper A1+ 0.00 - 1.94 1.38
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 1.61 1.36
equal HDFC 351-D 13/08/2020 Commercial Paper A1+ 0.00 - 1.58 1.35
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.57 1.33

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 29-Feb-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:

Invest Now
0.12%

Change from previous, NAV as on 07-Apr-2020

Growth: ₹ 278.0782

Dividend Weekly: ₹ 100.9303

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Dividend Others: ₹ 141.7877

Dividend Monthly: ₹ 100.6082

Dividend Fortnightly: ₹ 100.6173

Dividend Daily: ₹ 100.1295

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 (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 09-Mar-2006
Return Since Launch: 7.53%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,845 Cr (As on 29-Feb-2020)
Expense: 0.27% (As on 29-Feb-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Apr-20200.0834

 31-Mar-20200.0402
 30-Mar-20200.0909
 27-Mar-20200.1081
 11-Mar-20200.0253
 09-Mar-20200.0365
 06-Mar-20200.0122
 05-Mar-20200.0141
 04-Mar-20200.0557
 03-Mar-20200.0062
 02-Mar-20200.0326
 27-Feb-20200.0059
 26-Feb-20200.0099
 25-Feb-20200.0104
 24-Feb-20200.0389
 20-Feb-20200.0251
 18-Feb-20200.0129
 17-Feb-20200.0366
 14-Feb-20200.0117
 13-Feb-20200.0132
 12-Feb-20200.0112
 11-Feb-20200.0117
 10-Feb-20200.0359
 07-Feb-20200.0119
 06-Feb-20200.0222
Dividend Fortnightly30-Mar-20200.2621

 16-Mar-20200.1207
 27-Feb-20200.1247
 14-Feb-20200.1974
 30-Jan-20200.1619
 15-Jan-20200.1742
 30-Dec-20190.1292
 16-Dec-20190.1812
 28-Nov-20190.1656
 15-Nov-20190.2253
 29-Oct-20190.1830
 15-Oct-20190.3278
 27-Sep-20190.0635
 16-Sep-20190.2690
 29-Aug-20190.1993
 16-Aug-20190.2662
 30-Jul-20190.2383
 15-Jul-20190.3173
 27-Jun-20190.1603
 14-Jun-20190.2301
 30-May-20190.3112
 15-May-20190.2545
 30-Apr-20190.1328
 15-Apr-20190.3376
 28-Mar-20190.1750
Dividend Monthly30-Mar-20200.3832

 27-Feb-20200.3224
 30-Jan-20200.3365
 30-Dec-20190.3108
 28-Nov-20190.3914
 29-Oct-20190.5116
 27-Sep-20190.3328
 29-Aug-20190.4740
 30-Jul-20190.5713
 27-Jun-20190.4131
 29-May-20190.5446
 30-Apr-20190.4882
 27-Mar-20190.4688
 27-Feb-20190.3997
 30-Jan-20190.5513
 28-Dec-20180.4957
 29-Nov-20180.5005
 29-Oct-20180.5217
 27-Sep-20180.3429
 30-Aug-20180.5118
 26-Jul-20180.4530
 26-Jun-20180.4064
 30-May-20180.4554
 26-Apr-20180.4576
 27-Mar-20180.4175
Dividend Weekly30-Mar-20200.2113

 09-Mar-20200.1399
 02-Mar-20200.0591
 24-Feb-20200.0666
 17-Feb-20200.0868
 10-Feb-20200.1021
 03-Feb-20200.0721
 27-Jan-20200.0779
 20-Jan-20200.0605
 13-Jan-20200.0740
 06-Jan-20200.0934
 30-Dec-20190.0689
 23-Dec-20190.0607
 16-Dec-20190.0763
 09-Dec-20190.0470
 02-Dec-20190.0979
 25-Nov-20190.0908
 18-Nov-20190.0970
 11-Nov-20190.0557
 04-Nov-20190.1088
 29-Oct-20190.0887
 22-Oct-20190.1174
 14-Oct-20190.1023
 07-Oct-20190.1369
 30-Sep-20190.1200
Dividend Others29-Sep-20142.3483

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: 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

Last Session

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dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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