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4 star

ICICI Prudential Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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 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.

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 5.09 0.01 0.06 0.31 1.16 5.17 6.95 7.46 7.41 7.84 8.10
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Debt: Money Market 4.44 0.01 0.06 0.28 1.00 4.15 6.24 6.96 7.17 7.68 8.06
Rank within category 4 15 13 8 5 5 5 6 6 6 9
Number of funds in category 19 20 20 20 20 20 19 13 13 13 12

As on 25-Sep-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  | Invest Now
4 star
Mar-06 6.95 7.46 7.41 0.33 9,757
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 7.23 7.53 7.37 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 7.24 7.73 7.59 0.34 9,969
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 6.70 7.51 7.41 0.25 5,991
Franklin India Savings Fund - Retail Plan  | Invest Online Now
5 star
Feb-02 6.92 7.49 7.69 0.28 1,308

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 2.32 (24-Mar-2020 - 23-Apr-2020) -0.75 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.95 (24-Mar-2020 - 24-Jun-2020) 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 7.29 0.54 3.99 11.44 0.72 2.99
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market 6.81 0.80 2.97 6.99 0.79 2.59
Rank within category 6 7 5 4 6 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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 49 91 36 34
Modified Duration (yrs) 0.42 0.82 0.28 0.33
Average Maturity (yrs) 0.44 0.87 0.29 0.33
Yield to Maturity (%) 3.80 6.12 3.80 3.62
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
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 12.42 6.79
equal 11.60% GOI 27/12/2020 GOI Securities SOV 0.00 - 7.17 5.07
equal Apollo Tyres 244-D 21/12/2020 Commercial Paper A1+ 0.00 - 7.86 5.05
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 8.53 4.53
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 7.19 4.27
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 6.89 4.03
new Reliance Retail Ventures 188-D 04/03/2021 Commercial Paper A1+ 0.00 - 4.02 4.02
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 6.95 3.55
equal IDFC First Bank 28/12/2020 Certificate of Deposit A1+ 0.00 - 4.15 3.54
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 6.01 3.52
new 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 3.14 3.14
equal 8.03% Orissa State 26/11/2020 State Development Loan SOV 0.00 - 4.47 3.11
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 3.57 3.04
up 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.77 2.89
equal Power Grid Corporation 270-D 18/01/2021 Commercial Paper A1+ 0.00 - 3.96 2.53
new Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 2.03 2.03
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.43 2.01
equal Tata Capital Housing Finance 365-D 04/03/2021 Commercial Paper A1+ 0.00 - 3.40 2.01
new Havells India 235-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.01 2.01
equal Bharti Hexacom 276-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.81 2.00
equal Tata Motors 339-D 31/05/2021 Commercial Paper A1+ 0.00 - 2.74 1.97
equal LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 3.09 1.82
new Tata Motors 352-D 13/08/2021 Commercial Paper A1+ 0.00 - 1.70 1.70
equal Cholamandalam Invest. & Fin. 364-D 04/11/2020 Commercial Paper A1+ 0.00 - 2.86 1.68
equal 6.60% Larsen & Toubro 23/04/2021 Non Convertible Debenture AAA 0.00 - 2.46 1.56

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-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:


0.01%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 287.3493

Dividend Weekly: ₹ 100.7321

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Dividend Others: ₹ 146.5147

Dividend Monthly: ₹ 100.9305

Dividend Fortnightly: ₹ 100.7516

Dividend Daily: ₹ 100.3075


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: 7.52%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,757 Cr (As on 31-Aug-2020)
Expense: 0.33% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0133

 24-Sep-20200.0222
 23-Sep-20200.0135
 22-Sep-20200.0133
 21-Sep-20200.0568
 17-Sep-20200.0146
 16-Sep-20200.0159
 15-Sep-20200.0046
 14-Sep-20200.0411
 11-Sep-20200.0060
 08-Sep-20200.0064
 07-Sep-20200.0433
 04-Sep-20200.0205
 03-Sep-20200.0176
 02-Sep-20200.0201
 01-Sep-20200.0258
 31-Aug-20200.0408
 28-Aug-20200.0144
 27-Aug-20200.0286
 26-Aug-20200.0244
 25-Aug-20200.0150
 24-Aug-20200.0525
 21-Aug-20200.0151
 20-Aug-20200.0192
 19-Aug-20200.0163
Dividend Weekly21-Sep-20200.0771

 14-Sep-20200.0557
 07-Sep-20200.0782
 31-Aug-20200.0707
 24-Aug-20200.1346
 17-Aug-20200.0760
 10-Aug-20200.0671
 03-Aug-20200.0648
 27-Jul-20200.0628
 20-Jul-20200.0648
 13-Jul-20200.1623
 06-Jul-20200.1913
 29-Jun-20200.1120
 22-Jun-20200.2176
 15-Jun-20200.1847
 08-Jun-20200.0555
 01-Jun-20200.0026
 26-May-20200.4231
 18-May-20200.4205
 11-May-20200.2749
 04-May-20200.0505
 27-Apr-20200.1798
 20-Apr-20200.2159
 07-Apr-20200.2625
 30-Mar-20200.2113
Dividend Fortnightly15-Sep-20200.1769

 28-Aug-20200.2045
 14-Aug-20200.1526
 30-Jul-20200.1450
 15-Jul-20200.3450
 30-Jun-20200.2137
 15-Jun-20200.2613
 29-May-20200.4297
 15-May-20200.6039
 30-Apr-20200.4372
 15-Apr-20200.1983
 30-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
Dividend Monthly28-Aug-20200.3573

 30-Jul-20200.4906
 30-Jun-20200.4773
 29-May-20201.0246
 30-Apr-20200.6365
 30-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
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: 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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dateSaturday, 26-Sep-2020
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