ICICI Prudential Money Market Fund Direct Plan Growth

ICICI Prudential Money Market Fund Direct Plan Growth

Compare
Debt
Direct
Money Market
NAV: ₹ 345.6 as on 16-02-2024
Fund Performance
zero opening, trading, fund transfer fee
407 people have invested ₹ 93L in ICICI Prudential Money Market Fund Direct Plan Growth in the last three months

Mutual Fund Insights

Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.26% return, outperforming this fund by 0.19% per annum.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 5.8% return, outperforming this fund by 0.23% per annum.
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 0.33%.
Insights icon
Over the last 6 months, this fund has experienced a 10.4% drop in AUM moving from 16.62K Cr to 14.89K Cr.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.76% return, outperforming this fund by 0.16%.

About the ICICI Prudential Money Market Fund Direct Plan Growth

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

  1. ICICI Prudential Money Market Fund Direct Plan Growth has ₹14894 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.

ICICI Prudential Money Market Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.21%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹14894 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
257.01%

ICICI Prudential Money Market Fund Direct Plan Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Cash Equivalent
54.6%
Corporate
31%
Government
14.4%

Top Holdings of ICICI Prudential Money Market Fund Direct Plan Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings78
Holdings
Weight%
1M Change
08.35 SBI RT SB 2024
08.35 SBI RT SB 2024
7.74%
0%
364 DTB 22032024
364 DTB 22032024
3.99%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.98%
0%
HDFC Bank Limited
HDFC Bank Limited
3.49%
0%
Tata Capital Housing Finance Limited
Tata Capital Housing Finance Limited
3.32%
0%

ICICI Prudential Money Market Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 14.9K Cr
₹ 14.3K Cr
₹ 14.6K Cr
  • AUM of the fund stands at 14.9K Cr as of Jan'24
  • AUM increased by 587.5 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

ICICI Prudential Money Market Fund Direct Plan Growth Fund Manager

Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Growth, since 3 August 2016
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Growth, since 12 June 2023

ICICI Prudential Money Market Fund Direct Plan Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.23% since inception which is more than its category average return of 4.91%
AUM size ₹14894 Cr

AUM size ₹14894 Cr

This fund has AUM of ₹14894 Cr which is more than its category average of ₹ 5917 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 0.34%

Frequently Asked Questions

The current NAV of ICICI Prudential Money Market Fund Direct Plan Growth is ₹345.56 as on 16-Feb-2024.
Existing (Absolute + CAGR) as on 16-Feb-2024.
ICICI Prudential Money Market Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.6%
0.6%
6 Month Returns
3.64%
3.64%
1 Year Returns
7.6%
7.6%
3 Years Returns
17.65%
5.57%
5 Years Returns
34.28%
6.07%
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 January 2024
₹14894 Cr as on January 2024
08.35 SBI RT SB 2024(7.74%), 364 DTB 22032024(3.99%), Small Industries Development Bank Of India(3.98%), HDFC Bank Limited(3.49%), Tata Capital Housing Finance Limited(3.32%) as on January 2024
Cash Equivalent(54.6%), Corporate(31%), Government(14.4%) as on January 2024
Yield to Maturity is 7.64 as on January 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 0.25 as on January 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%