ICICI Prudential Money Market Fund Direct Growth
NAV as on 28-03-2025
₹ 376.47
▲0.2%
1D
Inception Returns
7.3%
/yr
Historical NAV & Returns
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 Manish Banthia, Nikhil Kabra. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Money Market Fund Direct Growth has ₹25170 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.
Returns
ICICI Prudential Money Market Fund Direct Growth has given a CAGR return of 7.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.86%, 7.07% and 6.19% 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 Limited, Punjab National Bank, 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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.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.
ICICI Prudential Money Market Fund Direct Growth Overview
| Expense ratio | 0.21% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹25170 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 257.01% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (28-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 25.9K Cr as of Feb'25
- AUM decreased by 1.3K Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Limited | 4.71% | 0% | |
Punjab National Bank | 3.74% | 0% | |
Small Industries Development Bank Of India | 3.72% | 0% | |
Indian Bank | 3.39% | 0% | |
Union Bank Of India | 3.01% | 0% |
Mutual Fund Insights
ICICI Prudential Money Market Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹25170 Cr
Expense Ratio 0.21%
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Frequently Asked Questions for ICICI Prudential Money Market Fund Direct Growth
ICICI Prudential Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.84% | 0.84% |
6 Month Returns | 3.96% | 3.96% |
1 Year Returns | 7.86% | 7.86% |
3 Years Returns | 22.75% | 7.07% |
5 Years Returns | 35.05% | 6.19% |
- 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.
AAA | 100 |