ICICI Prudential Money Market Fund Direct Plan Growth
Debt
Direct
Money Market
NAV: ₹ 352.54 as on 17-05-2024
About the Fund
ICICI Prudential Money Market Fund Direct Plan 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
- ICICI Prudential Money Market Fund Direct Plan Growth has ₹21861 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Fund Performance
321 people have invested ₹ 72.7L in ICICI Prudential Money Market Fund Direct Plan Growth in the last three months
Overview
 | 0.21% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹21861 Cr |
 | 1 January, 2013 |
 | ₹500/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 257.01% |
ICICI Prudential Money Market Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
48.5%
Cash Equivalent
37.4%
Government
14.1%
Top Holdings of ICICI Prudential Money Market Fund Direct Plan Growth as on (30-Apr-24)
Debt Holdings110
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Indian Bank | 2.79% | 8.3% | |
Small Industries Development Bank of India | 2.58% | 0% | |
Bank Of Baroda | 2.21% | 100% | |
HDFC Bank Limited | 2.16% | 0% | |
Union Bank of India | 2.14% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 21.9K Cr as of Apr'24
- AUM increased by 6.4K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.78% return, outperforming this fund by 0.2%.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.19% per annum.
Over the last 1 month, this fund has experienced a 41.0% growth in AUM moving from 15.50K Cr to 21.86K Cr.
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 0.33%.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.12% return, outperforming this fund by 0.2% per annum.
Peer Analysis
Fund Manager
Nikhil Kabra
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Growth, since 3 August 2016
Top funds managed
Manish Banthia
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Growth, since 12 June 2023
Top funds managed
ICICI Prudential Money Market Fund Direct Plan Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.26% since inception which is more than its category average return of 4.96%
AUM size ₹21861 Cr
This fund has AUM of ₹21861 Cr which is more than its category average of ₹ 6891 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of ICICI Prudential Money Market Fund Direct Plan Growth is ₹352.54 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
ICICI Prudential Money Market Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.87% | 3.87% |
1 Year Returns | 7.59% | 7.59% |
3 Years Returns | 18.82% | 5.92% |
5 Years Returns | 34.32% | 6.08% |
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 April 2024
₹21861 Cr as on April 2024
Indian Bank(2.79%), Small Industries Development Bank of India(2.58%), Bank Of Baroda(2.21%), HDFC Bank Limited(2.16%), Union Bank of India(2.14%) as on April 2024
Corporate(48.47%), Cash Equivalent(37.44%), Government(14.09%) as on April 2024
Yield to Maturity is 7.66 as on April 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 0.69 as on April 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 Plan Growth
The Exit load of ICICI Prudential Money Market Fund Direct Plan Growth is 0%