ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Money Market
ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl

About the Fund

ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl 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

  1. ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl has ₹21653 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 Plan Weekly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 1.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.02%, 5.84% and 5.58% respectively.

Holdings

ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 06032025, Small Industries Development Bank of India, Indian Bank, HDFC Bank Limited, Punjab National Bank

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 Plan Weekly Reinvestment Inc Dist cum Cap Wdrl

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 Plan Weekly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.21%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹21653 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
257.01%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
45.5%
Cash Equivalent
40.7%
Government
13.8%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
364 DTB 06032025
364 DTB 06032025
4.41%
0%
Small Industries Development Bank of India
Small Industries Development Bank of India
2.86%
0%
Indian Bank
Indian Bank
2.63%
-7.7%
HDFC Bank Limited
HDFC Bank Limited
2.21%
0%
Punjab National Bank
Punjab National Bank
2.2%
0%

Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl, since 12 June 2023
Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl, since 3 August 2016

ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl 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 1.67% since inception which is less than its category average return of 5.24%
AUM size ₹21653 Cr

AUM size ₹21653 Cr

This fund has AUM of ₹21653 Cr which is more than its category average of ₹ 8135 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

The current NAV of ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl is ₹100.85 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.49%
0.49%
6 Month Returns
3.45%
3.45%
1 Year Returns
7.02%
7.02%
3 Years Returns
18.57%
5.84%
5 Years Returns
31.2%
5.58%
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 June 2024
₹21653 Cr as on June 2024
364 DTB 06032025(4.41%), Small Industries Development Bank of India(2.86%), Indian Bank(2.63%), HDFC Bank Limited(2.21%), Punjab National Bank(2.2%) as on June 2024
Corporate(47.61%), Cash Equivalent(38.33%), Government(14.07%) as on June 2024
Yield to Maturity is 7.64 as on June 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 0.63 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Manish Banthia, Nikhil Kabra are the fund managers of ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Money Market Fund Direct Plan Weekly Reinvestment Inc Dist cum Cap Wdrl is 0%