June 6, 2025
mayank
ICICI Prudential Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 383.2541
NAV IDCW Weekly: Rs 100.8786
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
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 Manager:
1) Manish Banthia
Education: Mr. Banthia is B.Com, CA and MBA
Experience: 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.
2) Nikhil Kabra
Education: Mr. Kabra is a B.Com and Chartered Accountant.
Experience: 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 1 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Money Market Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.34% |
| Benchmark | NIFTY Money Market Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 28,644 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.21% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of ICICI Prudential Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Money Market Dir | 3.85 | 0.03 | 0.75 | 2.59 | 4.35 | 8.32 | 7.52 | 6.14 | 6.69 | 6.90 |
| CCIL T Bill Liquidity Weight | 2.46 | 0.05 | 0.53 | 1.58 | 2.68 | 5.27 | 4.50 | 3.51 | 3.74 | 3.95 |
| Debt: Money Market | 3.78 | 0.03 | 0.74 | 2.53 | 4.27 | 8.19 | 7.43 | 6.05 | 6.59 | 6.90 |
| Rank within category | 8 | 6 | 8 | 4 | 8 | 8 | 7 | 8 | 7 | 8 |
| Number of funds in category | 23 | 24 | 24 | 24 | 23 | 23 | 20 | 17 | 13 | 12 |
Peer Comparison of ICICI Prudential Money Market Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ICICI Pru Money Market Dir | 3 star | 8.32 | 7.52 | 6.14 | 0.21 | 28,644 | 7.34 | — | 12Y 5M |
| Tata Money Market Dir | 5 star | 8.43 | 7.69 | 6.35 | 0.15 | 30,065 | 6.79 | — | 12Y 5M |
| Kotak Money Market Dir | 4 star | 8.27 | 7.50 | 6.11 | 0.24 | 27,977 | 7.31 | — | 12Y 5M |
| ABSL Money Manager Dir | 4 star | 8.28 | 7.59 | 6.25 | 0.22 | 27,171 | 7.47 | — | 12Y 5M |
| UTI Money Market Dir | 4 star | 8.31 | 7.54 | 6.19 | 0.15 | 17,804 | 7.37 | — | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 115 | 73 |
| Macaulay Duration (yrs) | 0.75 | 0.71 |
| Average Maturity (yrs) | 0.75 | 0.71 |
| Yield to Maturity (%) | 6.74 | 6.75 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Money Market Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.icicipruamc.com/sign-in
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks