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ICICI Prudential Money Market Fund download report


Debt: Money Market

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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(₹)
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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
ICICI Pru Money Market-G 2.49 0.02 0.11 0.41 1.31 1.98 3.81 4.95 6.06 6.44 7.20
CCIL T Bill Liquidity Weight 1.26 0.01 0.04 0.24 0.72 0.96 1.99 2.58 3.26 3.62 4.20
Debt: Money Market 2.33 0.02 0.11 0.41 1.24 1.83 3.56 4.73 5.75 6.28 7.08
Rank within category 8 7 12 11 8 9 8 6 5 6 7
Number of funds in category 20 21 21 20 20 20 19 16 12 12 12

As on 18-Aug-2022

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 3.81 4.95 6.06 0.33 10,832
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
Jul-03 3.99 4.84 6.01 0.36 14,576
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.94 5.16 6.28 0.33 13,395
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 3.85 5.09 6.12 0.41 12,325
Nippon India Money Market Fund  | Invest Online
5 star
Jun-05 4.05 5.00 6.16 0.27 9,971

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
ICICI Pru Money Market-G 4.88 0.66 2.11 5.26 1.23 2.49
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Money Market 4.61 0.70 1.71 4.25 1.33 2.31
Rank within category 6 8 7 6 8 6
Number of funds in category 16 16 16 16 16 16

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 45 57 43 47
Modified Duration (yrs) 0.28 0.55 0.14 0.34
Average Maturity (yrs) 0.30 0.58 0.15 0.35
Yield to Maturity (%) 6.03 6.03 3.60 5.94
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 Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 9.33 6.92
equal Reserve Bank of India 182-D 22/09/2022 Treasury Bills SOV 0.00 - 7.00 6.92
equal Panatone Finvest 364-D 30/01/2023 Commercial Paper A1+ 0.00 - 6.81 6.70
new Canara Bank 2023 Certificate of Deposit A1+ 0.00 - 5.84 5.84
equal Reserve Bank of India 182-D 29/12/2022 Treasury Bills SOV 0.00 - 4.56 4.51
equal Deutsche Bank 23/12/2022 Certificate of Deposit A1+ 0.00 - 4.59 4.50
new Indian Bank 2023 Certificate of Deposit A1+ 0.00 - 4.50 4.50
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 4.50 4.45
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 3.70 3.65
equal HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 3.68 3.64
equal Tata Teleservices 361-D 24/02/2023 Commercial Paper A1+ 0.00 - 3.62 3.55
equal Tata Teleservices 364-D 29/11/2022 Commercial Paper A1+ 0.00 - 3.35 3.30
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.23 3.20
equal Reliance Retail Ventures 173-D 12/09/2022 Commercial Paper A1+ 0.00 - 2.33 2.29
equal Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 2.33 2.29
equal Larsen & Toubro 134-D 30/09/2022 Commercial Paper A1+ 0.00 - 2.31 2.29
equal HDFC 154-D 25/11/2022 Commercial Paper A1+ 0.00 - 2.29 2.26
equal HDFC 305-D 20/01/2023 Commercial Paper A1+ 0.00 - 2.28 2.24
new HDFC Bank 13/04/2023 Certificate of Deposit A1+ 0.00 - 2.21 2.21
equal Reliance Retail Ventures 172-D 30/08/2022 Commercial Paper A1+ 0.00 - 1.87 1.84
equal Axis Bank 19/09/2022 Certificate of Deposit A1+ 0.00 - 1.39 1.37
equal SIDBI 182-D 31/10/2022 Commercial Paper A1+ 0.00 - 1.38 1.36
equal Larsen & Toubro 213-D 30/12/2022 Commercial Paper A1+ 0.00 - 1.37 1.35
equal Crompton Greaves Consumer Electricals 364-D 16/03/2023 Commercial Paper A1+ 0.00 - 1.36 1.33
equal Tata Teleservices (Mah) 364-D 29/11/2022 Commercial Paper A1+ 0.00 - 1.33 1.31

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-Jul-2022

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:


0.02%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 308.6598

IDCW Weekly: ₹ 100.7160

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IDCW Others: ₹ 141.7625

IDCW Monthly: ₹ 100.9809

IDCW Fortnightly: ₹ 100.7510

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

Min. Investment (₹) 500
Min. Addl Investment (₹) 1
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 7.09%
Benchmark: CRISIL Money Market Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,832 Cr (As on 31-Jul-2022)
Expense Ratio: 0.33% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily18-Aug-20220.0163

 17-Aug-20220.0799
 12-Aug-20220.0139
 11-Aug-20220.0168
 10-Aug-20220.0314
 08-Aug-20220.0410
 04-Aug-20220.0155
 03-Aug-20220.0118
 02-Aug-20220.0286
 01-Aug-20220.0676
 29-Jul-20220.0177
 28-Jul-20220.0065
 25-Jul-20220.0459
 22-Jul-20220.0102
 21-Jul-20220.0009
 20-Jul-20220.0023
 19-Jul-20220.0053
 18-Jul-20220.0348
 15-Jul-20220.0154
 14-Jul-20220.0145
 13-Jul-20220.0228
 12-Jul-20220.0083
 11-Jul-20220.0386
 08-Jul-20220.0096
 07-Jul-20220.0145
IDCW Weekly17-Aug-20220.1429

 08-Aug-20220.0974
 01-Aug-20220.0924
 25-Jul-20220.0650
 18-Jul-20220.0964
 11-Jul-20220.1269
 04-Jul-20220.1372
 27-Jun-20220.1177
 20-Jun-20220.0629
 13-Jun-20220.0938
 06-Jun-20220.0920
 30-May-20220.0050
 02-May-20220.0745
 25-Apr-20220.1139
 18-Apr-20220.0665
 11-Apr-20220.0058
 04-Apr-20220.1141
 28-Mar-20220.1070
 21-Mar-20220.1190
 14-Mar-20220.0907
 07-Mar-20220.0448
 28-Feb-20220.0709
 21-Feb-20220.0720
 14-Feb-20220.0983
 08-Feb-20220.0516
IDCW Fortnightly12-Aug-20220.2279

 29-Jul-20220.1245
 15-Jul-20220.2673
 30-Jun-20220.2156
 15-Jun-20220.2091
 30-May-20220.0416
 29-Apr-20220.2223
 13-Apr-20220.0852
 30-Mar-20220.2295
 15-Mar-20220.1628
 28-Feb-20220.1275
 15-Feb-20220.1973
 28-Jan-20220.1165
 14-Jan-20220.1669
 30-Dec-20210.1404
 15-Dec-20210.1368
 30-Nov-20210.1509
 15-Nov-20210.2084
 29-Oct-20210.0791
 14-Oct-20210.1518
 30-Sep-20210.1042
 15-Sep-20210.1521
 30-Aug-20210.2088
 13-Aug-20210.1419
 30-Jul-20210.1578
IDCW Monthly29-Jul-20220.3921

 30-Jun-20220.4090
 31-May-20220.0576
 29-Apr-20220.2724
 31-Mar-20220.4280
 28-Feb-20220.2929
 31-Jan-20220.2997
 31-Dec-20210.2934
 30-Nov-20210.3596
 29-Oct-20210.2311
 30-Sep-20210.2465
 31-Aug-20210.3609
 30-Jul-20210.3343
 30-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
IDCW Others16-Mar-20225.7000

 24-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

Fax: 022-26528100

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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