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ICICI Prudential Money Market Fund

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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 4.06 0.05 0.15 0.70 2.44 3.99 7.82 7.63 7.57 8.00 8.11
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Money Market 3.54 0.04 0.12 0.55 1.98 3.47 7.24 7.18 7.37 7.85 8.09
Rank within category 4 7 2 3 5 4 5 5 5 7 9
Number of funds in category 19 20 20 20 20 19 18 13 13 13 12

As on 03-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  | Invest Now
3 star
 Mar-06 7.82 7.63 7.57 0.27 6,849
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 8.14 7.88 7.74 0.31 8,422
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
 Jul-03 7.34 7.52 7.53 0.26 7,953
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 8.23 7.67 7.53 0.35 7,592
Nippon India Money Market Fund  | Invest Online
4 star
 Jun-05 7.64 7.68 7.58 0.25 4,218

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 7.36 0.52 3.97 11.96 0.61 2.81
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market 6.93 0.78 3.08 8.34 0.69 2.47
Rank within category 5 7 6 5 5 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 -- 27
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
down Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 12.42 9.51
new 11.60% GOI 27/12/2020 GOI Securities SOV 0.00 - 7.15 7.15
equal Apollo Tyres 244-D 21/12/2020 Commercial Paper A1+ 0.00 - 7.86 7.08
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 8.53 6.34
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 7.19 5.91
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 6.89 5.68
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 6.95 4.99
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 6.01 4.95
new 8.03% Orissa State 26/11/2020 State Development Loan SOV 0.00 - 4.47 4.47
new 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.77 3.77
equal Power Grid Corporation 270-D 18/01/2021 Commercial Paper A1+ 0.00 - 3.96 3.56
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 3.47 2.86
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.43 2.82
equal Tata Capital Housing Finance 365-D 04/03/2021 Commercial Paper A1+ 0.00 - 3.40 2.81
equal LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 3.09 2.54
equal Cholamandalam Invest. & Fin. 364-D 04/11/2020 Commercial Paper A1+ 0.00 - 2.86 2.36
equal 6.60% Larsen & Toubro 23/04/2021 Non Convertible Debenture AAA 0.00 - 2.46 2.22
equal Axis Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 2.43 2.17
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 2.61 2.14
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.53 2.08
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 2.19 1.80
equal Fullerton India Credit 359-D 15/07/2020 Commercial Paper A1+ 0.00 - 1.77 1.45
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 1.43
equal HDFC 344-D 03/11/2020 Commercial Paper A1+ 0.00 - 5.22 1.43

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-May-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
0.05%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 284.5304

Dividend Weekly: ₹ 100.8440

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Dividend Others: ₹ 145.0774

Dividend Monthly: ₹ 100.7838

Dividend Fortnightly: ₹ 100.7821

Dividend Daily: ₹ 100.6430

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: 7.57%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,849 Cr (As on 31-May-2020)
Expense: 0.27% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0355

 02-Jul-20200.0740
 29-Jun-20200.0500
 26-Jun-20200.0163
 25-Jun-20200.0081
 24-Jun-20200.0311
 22-Jun-20200.0678
 19-Jun-20200.0209
 18-Jun-20200.0121
 17-Jun-20200.0192
 16-Jun-20200.0164
 15-Jun-20200.0467
 12-Jun-20200.0267
 11-Jun-20200.0206
 10-Jun-20200.0195
 09-Jun-20200.0122
 08-Jun-20200.0524
 05-Jun-20200.0150
 04-Jun-20200.0158
 03-Jun-20200.0189
 02-Jun-20200.0185
 01-Jun-20200.0438
 28-May-20200.0171
 27-May-20200.0218
 26-May-20200.0851
Dividend Fortnightly30-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
 29-Aug-20190.1993
 16-Aug-20190.2662
 30-Jul-20190.2383
 15-Jul-20190.3173
 27-Jun-20190.1603
Dividend Monthly30-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
 26-Jul-20180.4530
 26-Jun-20180.4064
Dividend Weekly29-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
 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
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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