ICICI Prudential Liquid Fund Direct Growth

ICICI Prudential Liquid Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra. This fund is suitable to keep your money safe.

1. ICICI Prudential Liquid Fund Direct Growth has ₹50000 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

ICICI Prudential Liquid Fund Direct Growth has given a CAGR return of 6.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.26%, 7.02% and 5.58% respectively.

ICICI Prudential Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Defensive, Energy, Health, Government, Consumer Cyclical, Utilities, Basic Materials. Its top holdings are 91 Days Tbill Red 21-08-2025, Punjab National Bank ** #, 91 Days Tbill Red 19-06-2025, Small Industries Development Bank of India, Bank of India Ltd.

As it is a liquid 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.

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in money market and debt instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 99.00 and for SIP is INR 99.00. ICICI Prudential Liquid Fund Direct Growth has no lock in period.