ICICI Prudential Money Market Fund Direct Growth

ICICI Prudential Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 29-10-2024

₹ 364.55

0.1%

1D

Inception Returns

7.3%

/yr

About ICICI Prudential Money Market Fund Direct Growth

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.

Key Parameters

  1. ICICI Prudential Money Market Fund Direct Growth has ₹28505 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

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 7.81%, 6.51% and 6.02% respectively.

Holdings

ICICI Prudential Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are HDFC Bank Ltd., 364 DTB 06032025, Small Industries Development Bank of India, Indian Bank, Union Bank of India

Taxation

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.

Investment objective of ICICI Prudential Money Market Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
395 people have invested ₹ 6.7Cr in ICICI Prudential Money Market Fund Direct Growth in the last three months

ICICI Prudential Money Market Fund Direct Growth Overview

Expense ratio0.21%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹28505 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
257.01%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (29-Oct-24)

Period
ICICI Prudential Money Market Fund Direct Growth
Money Market Index
1M
0.7%
0.4%
3M
1.9%
1.4%
6M
3.8%
2.9%
1Y
7.8%
6.5%
3Y
6.5%
5.8%
5Y
6%
5.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
49.7%
Cash Equivalent
40.2%
Government
10.1%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 24.6K Cr
₹ 29.1K Cr
₹ 26.3K Cr
  • AUM of the fund stands at 24.6K Cr as of Sep'24
  • AUM decreased by 4.5K Cr between Sep'24 and Aug'24
Cash allocation has gone down from 70.8% to 70.7%
Cash allocation has gone down from 70.8% to 70.7%
Debt allocation has gone up from 29% to 29.1%
Debt allocation has gone up from 29% to 29.1%

Top 3 Sectors in September were Financial Services, Corporate & Government

Sep'24
Financial Services
100%
Corporate
50%
Government
10%
Aug'24
Financial Services
100%
Corporate
49%
Government
11%
  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd.
HDFC Bank Ltd.
3.27%
0%
364 DTB 06032025
364 DTB 06032025
3.25%
0%
Small Industries Development Bank of India
Small Industries Development Bank of India
3.11%
0%
Union Bank of India
Union Bank of India
2.04%
0%
Indian Bank
Indian Bank
2.04%
0%
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Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Money Market Fund Direct Growth, since 3 August 2016
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Money Market Fund Direct Growth, since 12 June 2023
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.21% return, outperforming this fund by 0.2% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 49.8% growth in AUM moving from 19.03K Cr to 28.50K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.21% which is lower than the category average expense ratio of 0.31%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.71% return, outperforming this fund by 0.2% per annum.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8% return, outperforming this fund by 0.19%.

ICICI Prudential Money Market Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.27% since inception which is more than its category average return of 5.28%
AUM size ₹28505 Cr

AUM size ₹28505 Cr

This fund has AUM of ₹28505 Cr which is more than its category average of ₹ 9961 Cr
Expense Ratio 0.21%

Expense Ratio 0.21%

This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.33%

Frequently Asked Questions for ICICI Prudential Money Market Fund Direct Growth

The current NAV of ICICI Prudential Money Market Fund Direct Growth is ₹364.55 as on 29-Oct-2024.
Existing (Absolute + CAGR) as on 29-Oct-2024.
ICICI Prudential Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.65%
0.65%
6 Month Returns
3.79%
3.79%
1 Year Returns
7.81%
7.81%
3 Years Returns
20.82%
6.51%
5 Years Returns
33.92%
6.02%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.21% as on September 2024
₹28505 Cr as on September 2024
HDFC Bank Ltd.(3.27%), 364 DTB 06032025(3.25%), Small Industries Development Bank of India(3.11%), Indian Bank(2.04%), Union Bank of India(2.04%) as on September 2024
Corporate(54.21%), Cash Equivalent(36.25%), Government(9.54%) as on September 2024
Yield to Maturity is 7.46 as on September 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.41 as on September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Nikhil Kabra, Manish Banthia are the fund managers of ICICI Prudential Money Market Fund Direct Growth
The Exit load of ICICI Prudential Money Market Fund Direct Growth is 0%