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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
₹ 1.04 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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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 2.10 0.01 0.07 0.34 0.94 1.96 3.91 6.56 6.71 7.19 7.85
CCIL T Bill Liquidity Weight 1.11 0.00 0.03 0.22 0.55 1.02 2.11 3.49 3.73 4.18 4.58
Debt: Money Market 1.95 0.01 0.07 0.33 0.87 1.82 3.62 6.21 6.50 7.05 7.74
Rank within category 8 7 6 11 8 9 7 6 7 6 7
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 23-Jul-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 3.91 6.56 6.71 0.33 11,430
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 3.98 6.73 6.72 0.35 13,854
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 4.11 6.85 6.92 0.32 13,622
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 4.20 4.09 5.23 0.43 3,864
Axis Money Market Fund - Regular Plan
4 star
 Aug-19 4.00 -- -- 0.33 2,307

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 2.32 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 6.47 0.72 3.13 6.80 1.27 3.21
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Money Market 6.30 1.12 2.50 5.45 1.45 3.17
Rank within category 7 7 5 5 7 6
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 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 62 42 40
Modified Duration (yrs) 0.36 0.45 0.24 0.40
Average Maturity (yrs) 0.38 0.47 0.25 0.42
Yield to Maturity (%) 3.93 3.95 3.32 3.80
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
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 13.34 8.90
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 8.02 8.02
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 5.10 5.10
equal Cadila Healthcare 359-D 22/10/2021 Commercial Paper A1+ 0.00 - 5.73 4.54
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 5.10 4.34
equal HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 5.45 4.32
equal National Bank Agr. Rur. Devp 174-D 15/09/2021 Commercial Paper A1+ 0.00 - 4.08 3.47
equal Can Fin Homes 244-D 06/12/2021 Commercial Paper A1+ 0.00 - 3.44 3.44
equal Tata Motors 311-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.41 3.41
equal Tata Teleservices 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 3.47 2.78
new Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 2.58 2.58
up M&M Financial Services 274-D 18/02/2022 Commercial Paper A1+ 0.00 - 2.55 2.55
equal Tata Teleservices (Mah) 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 2.93 2.35
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.56 2.18
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.55 2.18
equal IDFC First Bank 28/09/2021 Certificate of Deposit A1+ 0.00 - 2.17 2.17
equal IDFC First Bank 29/09/2021 Certificate of Deposit A1+ 0.00 - 2.17 2.17
equal Reserve Bank of India 182-D 07/10/2021 Treasury Bills SOV 0.00 - 2.17 2.17
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.15 2.15
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 2.50 2.13
equal Tata Teleservices (Mah) 364-D 05/05/2022 Commercial Paper A1+ 0.00 - 1.88 1.88
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
equal Reliance Industries 179-D 13/08/2021 Commercial Paper A1+ 0.00 - 2.04 1.74
equal LIC Housing Fin. 209-D 08/09/2021 Commercial Paper A1+ 0.00 - 2.04 1.74
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 1.74 1.74

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 30-Jun-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:

Invest Now
0.01%

Change from previous, NAV as on 23-Jul-2021

Growth: ₹ 296.5409

IDCW Weekly: ₹ 100.7489

More

IDCW Others: ₹ 141.7647

IDCW Monthly: ₹ 100.9194

IDCW Fortnightly: ₹ 100.7414

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

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 09-Mar-2006
Return Since Launch: 7.32%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,430 Cr (As on 30-Jun-2021)
Expense: 0.33% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Jul-20210.0150

 22-Jul-20210.0220
 20-Jul-20210.0121
 19-Jul-20210.0248
 16-Jul-20210.0127
 15-Jul-20210.0110
 14-Jul-20210.0147
 13-Jul-20210.0115
 12-Jul-20210.0340
 09-Jul-20210.0087
 08-Jul-20210.0133
 07-Jul-20210.0186
 06-Jul-20210.0011
 05-Jul-20210.0297
 02-Jul-20210.0140
 01-Jul-20210.0186
 30-Jun-20210.0172
 29-Jun-20210.0117
 28-Jun-20210.0281
 25-Jun-20210.0111
 24-Jun-20210.0118
 23-Jun-20210.0087
 22-Jun-20210.0082
 21-Jun-20210.0340
 18-Jun-20210.0102
IDCW Weekly19-Jul-20210.0752

 12-Jul-20210.0761
 05-Jul-20210.0917
 28-Jun-20210.0684
 21-Jun-20210.0525
 14-Jun-20210.0724
 07-Jun-20210.0716
 31-May-20210.0680
 24-May-20210.0726
 17-May-20210.0652
 10-May-20210.0494
 03-May-20210.0949
 26-Apr-20210.0964
 19-Apr-20210.0779
 12-Apr-20210.0528
 05-Apr-20210.0732
 30-Mar-20210.1446
 22-Mar-20210.0964
 15-Mar-20210.0662
 08-Mar-20210.0579
 01-Mar-20210.0615
 22-Feb-20210.0849
 15-Feb-20210.0792
 08-Feb-20210.0659
 01-Feb-20210.0600
IDCW Fortnightly15-Jul-20210.1761

 30-Jun-20210.1429
 15-Jun-20210.1779
 28-May-20210.1434
 14-May-20210.1174
 30-Apr-20210.2060
 15-Apr-20210.1568
 30-Mar-20210.2410
 15-Mar-20210.1496
 26-Feb-20210.1209
 15-Feb-20210.1623
 29-Jan-20210.1157
 15-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
IDCW Monthly30-Jun-20210.2941

 31-May-20210.2879
 30-Apr-20210.3410
 31-Mar-20210.4131
 26-Feb-20210.2834
 29-Jan-20210.2248
 30-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
IDCW Others24-Mar-20219.3173

 29-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

Last Session

Investors' Hangout

How to crash-proof your equity investments

DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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