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ICICI Prudential Money Market Fund

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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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 0.17 0.03 0.06 0.24 0.83 1.94 5.98 7.15 7.13 7.57 8.02
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 3.78 4.00 4.42 4.70
Debt: Money Market 0.16 0.02 0.05 0.23 0.77 1.73 5.31 6.76 6.96 7.43 7.99
Rank within category 7 5 5 9 8 7 4 6 6 6 10
Number of funds in category 20 20 20 20 19 19 18 12 12 12 12

As on 25-Jan-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  | Invest Now
4 star
 Mar-06 5.98 7.15 7.13 0.33 8,884
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 6.31 7.24 7.11 0.35 11,197
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 6.33 7.42 7.33 0.34 9,548
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 6.15 4.64 5.60 0.44 1,524
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
 Feb-02 5.75 7.22 7.38 0.28 1,233

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 7.02 0.62 3.64 7.51 1.03 3.27
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Money Market 6.73 1.04 2.76 5.46 1.34 3.28
Rank within category 7 7 5 4 6 8
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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 83 36 39
Modified Duration (yrs) 0.39 0.82 0.28 0.31
Average Maturity (yrs) 0.40 0.87 0.29 0.30
Yield to Maturity (%) 3.64 6.12 3.32 3.33
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 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 10.82 10.82
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 12.42 7.55
equal Cadila Healthcare 359-D 22/10/2021 Commercial Paper A1+ 0.00 - 5.73 5.73
equal HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 5.45 5.45
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 7.19 4.77
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 6.89 4.48
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 6.01 3.92
down Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 3.52 3.52
new Tata Teleservices 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 3.47 3.47
down Reliance Retail Ventures 188-D 04/03/2021 Commercial Paper A1+ 0.00 - 4.57 3.36
new Tata Teleservices (Mah) 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 2.93 2.93
equal Tata Motors Finance 277-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.79 2.76
up 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 2.52 2.52
equal Tata Capital Housing Finance 365-D 04/03/2021 Commercial Paper A1+ 0.00 - 3.40 2.24
equal Havells India 235-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.28 2.24
equal Bharti Hexacom 276-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.81 2.23
equal Tata Motors 339-D 31/05/2021 Commercial Paper A1+ 0.00 - 2.74 2.21
down Reserve Bank of India 13/05/2021 Treasury Bills SOV 0.00 - 2.11 2.11
down 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.77 2.05
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.93 1.93
equal Tata Motors 352-D 13/08/2021 Commercial Paper A1+ 0.00 - 1.94 1.92
equal 6.60% Larsen & Toubro 23/04/2021 Non Convertible Debenture AAA 0.00 - 2.46 1.70
down HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 8.53 1.68
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.53 1.68
equal Tata Motors Finance 270-D 08/06/2021 Commercial Paper A1+ 0.00 - 1.68 1.65

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-Dec-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
0.03%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 290.9311

Dividend Weekly: ₹ 100.7588

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Dividend Others: ₹ 148.3410

Dividend Monthly: ₹ 100.8380

Dividend Fortnightly: ₹ 100.7272

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: 7.43%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,884 Cr (As on 31-Dec-2020)
Expense: 0.33% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0086

 21-Jan-20210.0093
 20-Jan-20210.0079
 19-Jan-20210.0060
 18-Jan-20210.0096
 13-Jan-20210.0081
 12-Jan-20210.0022
 11-Jan-20210.0039
 08-Jan-20210.0054
 07-Jan-20210.0059
 06-Jan-20210.0076
 05-Jan-20210.0189
 04-Jan-20210.0324
 01-Jan-20210.0156
 31-Dec-20200.0123
 30-Dec-20200.0142
 29-Dec-20200.0107
 28-Dec-20200.0383
 24-Dec-20200.0116
 23-Dec-20200.0112
 22-Dec-20200.0062
 21-Dec-20200.0280
 18-Dec-20200.0020
 17-Dec-20200.0129
 16-Dec-20200.0032
Dividend Weekly18-Jan-20210.0201

 11-Jan-20210.0420
 04-Jan-20210.0857
 28-Dec-20200.0679
 21-Dec-20200.0530
 14-Dec-20200.0515
 07-Dec-20200.0481
 01-Dec-20200.0710
 23-Nov-20200.0756
 17-Nov-20200.0896
 09-Nov-20200.0773
 02-Nov-20200.0573
 26-Oct-20200.0800
 19-Oct-20200.0895
 12-Oct-20200.1326
 05-Oct-20200.1177
 28-Sep-20200.0627
 21-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
Dividend Fortnightly15-Jan-20210.1090

 30-Dec-20200.1391
 15-Dec-20200.1316
 27-Nov-20200.1213
 17-Nov-20200.1981
 29-Oct-20200.1520
 15-Oct-20200.2539
 30-Sep-20200.1675
 15-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
Dividend Monthly30-Dec-20200.2709

 27-Nov-20200.3196
 29-Oct-20200.4063
 30-Sep-20200.3448
 28-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
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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