Debt
Direct
Money Market
NAV as on 05-09-2024
₹ 360.56
Inception Returns
7.3%
/yr
ICICI Prudential Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra, Manish Banthia. This fund is suitable to keep your money safe.
ICICI Prudential Money Market Fund Direct Growth has given a CAGR return of 7.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.66%, 6.28% and 5.99% respectively.
ICICI Prudential Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 06032025, Small Industries Development Bank of India, Indian Bank, Union Bank of India, Punjab National Bank
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity by investing in money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. ICICI Prudential Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.21% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹27156 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 257.01% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
ICICI Prudential Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.88% | 3.88% |
1 Year Returns | 7.66% | 7.66% |
3 Years Returns | 20.03% | 6.28% |
5 Years Returns | 33.74% | 5.99% |
AAA | 100 |