July 9, 2022
mayank
ICICI Prudential Money Market Fund Guidance
NAV Growth : Rs 309.7654
NAV IDCW Weekly : Rs 100.8516
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 :
— 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.
— Rahul Goswami
Education : Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience : Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 1 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 7.26% |
| Benchmark: | CRISIL Money Market Fund BI Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 10,660 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.21% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | Average |
ICICI Prudential Money Market Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Money Market Direct-G | 1.99 | 0.01 | 0.14 | 0.48 | 0.9 | 1.91 | 3.82 | 5.24 | 6.22 | 6.6 | — |
| CCIL T Bill Liquidity Weight | 0.99 | 0.04 | 0.08 | 0.3 | 0.42 | 0.92 | 2.02 | 2.68 | 3.3 | 3.68 | — |
| Debt: Money Market | 1.95 | 0.01 | 0.14 | 0.47 | 0.87 | 1.86 | 3.76 | 5.13 | 6.08 | 6.61 | — |
| Rank within category | 11 | 10 | 12 | 11 | 12 | 10 | 10 | 7 | 8 | 8 | — |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 18 | 15 | 12 | 12 | 0 |
ICICI Prudential Money Market Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Money Market Fund | 3 star | Jan-13 | 3.82 | 5.24 | 6.22 | 0.21% | 10,660 |
| SBI Savings Fund | 4 star | Jan-13 | 3.86 | 5.33 | 6.27 | 0.23% | 19,884 |
| HDFC Money Market Fund | 4 star | Jan-13 | 3.92 | 5.47 | 6.34 | 0.21% | 12,713 |
| Aditya Birla Sun Life Money Manager Fund | 5 star | Jan-13 | 3.95 | 5.46 | 6.44 | 0.21% | 12,135 |
| Nippon India Money Market Fund | 4 star | Jan-13 | 4.04 | 5.27 | 6.3 | 0.18% | 9,123 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 50 | 59 | 46 | 43 |
| Modified Duration (yrs) | 0.35 | 0.55 | 0.14 | — |
| Average Maturity (yrs) | 0.38 | 0.58 | 0.15 | — |
| Yield to Maturity (%) | 5.56 | 5.56 | 3.6 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Money Market Fund Guidance by Chanakya :
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