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4 star

ICICI Prudential Money Market Fund


Debt: Money Market

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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(₹)
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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 0.49 0.01 0.07 0.28 0.78 1.82 5.79 7.06 7.06 7.50 8.00
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Money Market 0.59 0.01 0.07 0.37 0.85 1.82 5.31 6.69 6.89 7.37 7.95
Rank within category 7 7 11 9 8 8 4 6 6 6 9
Number of funds in category 19 19 19 19 19 18 17 13 12 12 12

As on 26-Feb-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 5.79 7.06 7.06 0.33 10,355
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.05 7.15 7.04 0.35 10,530
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 6.06 7.34 7.26 0.33 10,189
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.94 4.55 5.53 0.44 1,874
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
Feb-02 5.48 7.15 7.31 0.28 1,144

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 6.91 0.66 3.42 6.64 1.12 3.30
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Money Market 6.64 1.06 2.61 4.91 1.39 3.28
Rank within category 7 7 5 3 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-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 56 83 36 37
Modified Duration (yrs) 0.29 0.82 0.29 --
Average Maturity (yrs) 0.31 0.87 0.31 --
Yield to Maturity (%) 3.83 6.12 3.32 --
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 9.26
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 12.42 6.50
equal Cadila Healthcare 359-D 22/10/2021 Commercial Paper A1+ 0.00 - 5.73 4.93
equal HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 5.45 4.68
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 3.20 - 6.89 3.86
new Export-Import Bank 176-D 30/06/2021 Certificate of Deposit A1+ 0.00 - 3.38 3.38
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 6.01 3.37
up 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 3.11 3.11
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 3.52 3.03
equal Tata Teleservices 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 3.47 2.99
equal Reliance Retail Ventures 188-D 04/03/2021 Commercial Paper A1+ 0.00 - 4.57 2.89
equal Tata Teleservices (Mah) 363-D 01/12/2021 Commercial Paper A1+ 0.00 - 2.93 2.53
equal Tata Motors Finance 277-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.79 2.38
equal Tata Capital Housing Finance 365-D 04/03/2021 Commercial Paper A1+ 0.00 - 3.40 1.93
equal Bharti Hexacom 276-D 19/03/2021 Commercial Paper A1+ 0.00 - 2.81 1.92
equal Havells India 235-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.28 1.92
equal Tata Motors 339-D 31/05/2021 Commercial Paper A1+ 0.00 - 2.74 1.90
new Bajaj Housing Finance 171-D 28/06/2021 Commercial Paper A1+ 0.00 - 1.90 1.90
equal Reserve Bank of India 13/05/2021 Treasury Bills SOV 0.00 - 2.11 1.82
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.77 1.75
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.93 1.66
equal Tata Motors 352-D 13/08/2021 Commercial Paper A1+ 0.00 - 1.94 1.65
down Indusind Bank 2021 Certificate of Deposit A1+ 1.50 - 7.19 1.50
equal 6.60% Larsen & Toubro 23/04/2021 Non Convertible Debenture AAA 0.00 - 2.46 1.46
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 8.53 1.45

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-Jan-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:


0.01%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 291.8740

Dividend Weekly: ₹ 100.7356

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Dividend Others: ₹ 148.8218

Dividend Monthly: ₹ 100.6560

Dividend Fortnightly: ₹ 100.6543

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

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 09-Mar-2006
Return Since Launch: 7.41%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,355 Cr (As on 31-Jan-2021)
Expense: 0.33% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Feb-20210.0068

 25-Feb-20210.0121
 24-Feb-20210.0066
 23-Feb-20210.0104
 22-Feb-20210.0326
 18-Feb-20210.0194
 17-Feb-20210.0194
 16-Feb-20210.0130
 15-Feb-20210.0307
 12-Feb-20210.0100
 11-Feb-20210.0094
 10-Feb-20210.0188
 09-Feb-20210.0098
 08-Feb-20210.0273
 05-Feb-20210.0190
 04-Feb-20210.0062
 03-Feb-20210.0043
 02-Feb-20210.0087
 01-Feb-20210.0172
 29-Jan-20210.0153
 28-Jan-20210.0101
 27-Jan-20210.0171
 25-Jan-20210.0270
 22-Jan-20210.0086
 21-Jan-20210.0093
Dividend Fortnightly26-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
 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
Dividend Monthly26-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
 29-May-20190.5446
 30-Apr-20190.4882
 27-Mar-20190.4688
 27-Feb-20190.3997
Dividend Weekly22-Feb-20210.0849

 15-Feb-20210.0792
 08-Feb-20210.0659
 01-Feb-20210.0600
 25-Jan-20210.0592
 18-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
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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