ICICI Prudential Money Market-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
364.310.03%
- Growth - Regular
(Earn upto 0.11% Extra Returns with Direct Plan)
Fund Category:
Debt: Money Market
Expense Ratio:
0.32%(0.46% Category
average)Fund Size:
Rs. 28,736.27 Cr(9.56% of Investment in Category)
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ICICI Prudential Money Market-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
364.310.03%
Expense Ratio:
0.32%
Fund Size:
Rs. 28,736.27 Cr
Fund Category:
Debt: Money Market
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Money Market Fund as of Dec 26, 2024 is Rs 364.31 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.71% (1yr), 6.56% (3yr), 5.92% (5yr) and 7.12% (since launch). Whereas, Category returns for the same time duration are: 7.3848098511% (1yr), 6.267831361640245% (3yr) and 5.674083401739075% (5yr).
3. Fund Size: The ICICI Prudential Money Market Fund currently holds Assets under Management worth of Rs 28736.2723 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.32% for Regular plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 1. Minimum SIP investment is Rs 100.
ICICI Prudential Money Market-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.52 1.77 3.66 7.68 6.56 5.92 Category Avg 0.50 1.71 3.52 7.35 6.27 5.68 Rank within Category 5 4 4 4 7 7 No. of funds within Category 23 23 23 23 20 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Money Manager Reg-G
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ICICI Prudential Money Market-Growth Fund Details
Investment Objective - 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.
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | Mar 09, 2006 |
| Benchmark | NIFTY Money Market Index A-I |
| Return Since Launch | 7.11% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Above Average |
ICICI Prudential Money Market-Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 1.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.41 | 0.9564 | 0.011 | 0.3864 |
| Average Maturity(Yrs) | 0.45 | 0.9572 | 0.011 | 0.4027 |
| Yield to Maturity(%) | 7.51 | 7.93 | 6.3 | 7.3586 |
| Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 14.61 | 12.92 |
| Low Risk | 80.52 | 79.71 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 4.87 | 7.37 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | - | 0.42 |
| CD | 56.34 | 57.33 |
| T-Bills | 13.98 | 9.98 |
| CP | 33.82 | 28.29 |
| NCD & Bonds | - | - |
| PTC | - | - |
| Cash & Others | -4.09 | 3.99 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| Small Industries Devp Bank of India Ltd | Certificate of Deposit | Financial | A1+ | 9,319.61 | 3.78 | - |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 9,242.26 | 3.75 | - |
| Indian Bank | Certificate of Deposit | Financial | A1+ | 5,808.94 | 2.36 | 12,000 |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 5,800.23 | 2.35 | - |
| Punjab National Bank | Certificate of Deposit | Financial | A1+ | 5,300.17 | 2.15 | 11,000 |
| HDFC Bank Ltd | Certificate of Deposit | Financial | A1+ | 4,877.31 | 1.98 | - |
| Punjab National Bank | Certificate of Deposit | Financial | A1+ | 4,856.25 | 1.97 | - |
| Small Industries Devp Bank of India Ltd | Certificate of Deposit | Financial | A1+ | 4,385.76 | 1.78 | 9,000 |
| Axis Bank Ltd | Certificate of Deposit | Financial | A1+ | 4,368.32 | 1.77 | - |
| Embassy Office Parks REIT | Commercial Paper | Construction | A1+ | 3,920.04 | 1.59 | 8,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Money Market-Growth 364.31 28,736.27 0.52 7.68 6.56 5.92 Aditya Birla Sun Life Money Manager Fund Regular-Growth 355.33 25,834.44 0.52 7.71 6.63 6.07 UTI Money Market Fund Regular Plan-Growth 2,960.04 16,371.64 0.52 7.68 6.65 5.94 Tata Money Market Fund Regular-Growth 4,533.41 27,482.52 0.52 7.66 6.58 6.01 Kotak Money Market Fund Regular-Growth 4,312.32 29,774.43 0.51 7.65 6.58 5.82
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Moderate Volatility
0.53VS0.53Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Moderate Volatility
1.16VS1.16Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.80VS0.25Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.36VS0.11Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.85VS2.54Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.31VS6.01Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
ICICI Prudential Mutual Fund News
Fund Manager
- M.B.Manish BanthiaSince Jun 202324 schemes
- N.K.Nikhil KabraSince Aug 20166 schemes
Mr. Banthia is B.Com, CA and MBA He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Mr. Kabra is a B.Com and Chartered Accountant. 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential All Seasons Bond Fund-Growth Dynamic Bond 35.27 13,409.86 8.12 ICICI Prudential Short Term Fund-Growth Short Duration 57.47 19,991.66 7.78 ICICI Prudential Liquid Fund-Growth Liquid 373.06 50,756.34 7.35 ICICI Prudential Equity Arbitrage-Growth Arbitrage 33.13 24,759.62 7.67 ICICI Prudential Overnight Fund - Growth Overnight 1,346.15 9,891.51 6.66 ICICI Prudential Savings Fund-Growth Low Duration 521.42 22,970.70 7.92
More ICICI Prudential Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Bluechip Fund-Growth | 63,938.03 | -0.61 | -7.77 | 2.47 | 19.37 | 17.69 | |
| ICICI Prudential Balanced Advantage-Growth | 60,534.08 | 0.36 | -3.18 | 3.26 | 13.41 | 12.58 | |
| ICICI Prudential Multi Asset Fund-Growth | 50,987.95 | -0.36 | -4.23 | 2.60 | 17.66 | 19.79 | |
| ICICI Prudential Liquid Fund-Growth | 50,756.34 | 0.53 | 1.70 | 3.49 | 7.35 | 6.32 | |
| ICICI Prudential Value Discovery Fund-Growth | 48,987.78 | -0.68 | -7.61 | 4.59 | 22.04 | 22.92 | |
| ICICI Prudential Equity & Debt Fund -Growth | 40,089.04 | -0.19 | -6.76 | 2.33 | 18.98 | 19.63 | |
| ICICI Prudential Corporate Bond Fund-Growth | 28,992.58 | 0.59 | 1.79 | 3.92 | 8.01 | 6.65 | |
| ICICI Prudential Money Market-Growth | 28,736.27 | 0.56 | 1.77 | 3.65 | 7.66 | 6.56 | |
| ICICI Prudential India Opportunities Fund - Growth | 24,785.97 | 0.30 | -7.20 | 4.78 | 24.21 | 26.71 | |
| ICICI Prudential Equity Arbitrage-Growth | 24,759.62 | 0.45 | 1.71 | 3.45 | 7.60 | 6.24 |
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1. ICICI Prudential Money Market Fund is Open-ended Money Market Debt scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 09, 2006.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY Money Market Index A-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of ICICI Prudential Money Market Fund is 0.44728767 years and Duration is 0.41356164 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on ICICI Prudential Money Market-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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FAQs about ICICI Prudential Money Market-Growth
- Is it safe to invest in ICICI Prudential Money Market Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Money Market Fund comes under Low to Moderate risk category.
- What is the category of ICICI Prudential Money Market Fund?ICICI Prudential Money Market Fund belongs to the Debt : Money Market category of funds.
- How Long should I Invest in ICICI Prudential Money Market Fund?The suggested investment horizon of investing into ICICI Prudential Money Market Fund is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Money Market Fund?The ICICI Prudential Money Market Fund is managed by Manish Banthia (Since Jun 12, 2023) and Nikhil Kabra (Since Aug 03, 2016).
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