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 Nikhil Kabra, Manish Banthia. This fund is suitable to keep your money safe.

1. ICICI Prudential Money Market Fund Direct Growth has ₹28644 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 Growth has given a CAGR return of 7.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.15%, 7.46% and 6.17% respectively.

ICICI Prudential Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are 364 Days Tbill Red 12-03-2026, HDFC Bank Limited, Punjab National Bank, Small Industries Dev Bank Of India**, Indian Bank

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.

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 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.