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ICICI Prudential Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹366.250.03%1D
Returns (Since Inception)
7.28%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹27,974 Cr
Expense Ratio
0.21%
ISIN
INF109K01R14
Minimum SIP
₹1
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
ICICI Prudential Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹366.25, Assets Under Management (AUM) of 27974.29 Crores, and an expense ratio of 0.21%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹366.25, Assets Under Management (AUM) of 27974.29 Crores, and an expense ratio of 0.21%.
- ICICI Prudential Money Market Fund Direct Growth has given a CAGR return of 7.28% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 11.29% in debts, and 88.51% in cash & cash equivalents.
- You can start investing in ICICI Prudential Money Market Fund Direct Growth with a SIP of ₹1 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.82%
— (Cat Avg.)
3 Years
+6.59%
— (Cat Avg.)
5 Years
+6.01%
— (Cat Avg.)
10 Years
+6.91%
— (Cat Avg.)
Since Inception
+7.28%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹3,158.36 Cr | 11.29% |
| Others | ₹24,815.93 Cr | 88.71% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Hdfc Bank Ltd. ** | Cash | ₹2,294.32 Cr | 8.20% |
| Small Industries Development Bank Of India. ** | Cash | ₹2,171.71 Cr | 7.76% |
| Axis Bank Ltd. ** | Cash | ₹1,728.29 Cr | 6.18% |
| Union Bank Of India ** | Cash | ₹1,681.47 Cr | 6.01% |
| Nabard ** | Cash | ₹1,024.6 Cr | 3.66% |
| 364 DTB 06032025 | Bond - Gov't/Treasury | ₹929.13 Cr | 3.32% |
| Lic Housing Finance Ltd. ** | Cash | ₹877.3 Cr | 3.14% |
| Net Current Assets | Cash | ₹-803.07 Cr | 2.87% |
| Indusind Bank Ltd. ** | Cash | ₹752.86 Cr | 2.69% |
| Tata Capital Housing Finance Ltd. ** | Cash | ₹732.3 Cr | 2.62% |
| Birla Group Holdings Pvt. Ltd. ** | Cash | ₹731.95 Cr | 2.62% |
| Punjab National Bank ** | Cash | ₹705.06 Cr | 2.52% |
| Canara Bank ** | Cash | ₹696.81 Cr | 2.49% |
| Bharti Telecom Ltd. ** | Cash | ₹667.86 Cr | 2.39% |
| Hero Fincorp Ltd. ** | Cash | ₹585.51 Cr | 2.09% |
| Indian Bank ** | Cash | ₹584.57 Cr | 2.09% |
| Bank Of Baroda | Cash | ₹539.18 Cr | 1.93% |
| Bank Of India ** | Cash | ₹537.01 Cr | 1.92% |
| Kotak Mahindra Bank Ltd. ** | Cash | ₹536.47 Cr | 1.92% |
| Punjab National Bank | Cash | ₹513.18 Cr | 1.83% |
| Sharekhan Ltd ** | Cash | ₹490.08 Cr | 1.75% |
| Bank Of Baroda ** | Cash | ₹463.84 Cr | 1.66% |
| Aditya Birla Finance Ltd. ** | Cash | ₹438.77 Cr | 1.57% |
| Axis Securities Ltd. ** | Cash | ₹438.55 Cr | 1.57% |
| Igh Holdings Pvt Ltd. ** | Cash | ₹409.27 Cr | 1.46% |
| Embassy Office Parks Reit ** | Cash | ₹394.6 Cr | 1.41% |
| India (Republic of) | Bond - Short-term Government Bills | ₹390.25 Cr | 1.40% |
| 182 DTB 13032025 | Bond - Gov't/Treasury | ₹366.31 Cr | 1.31% |
| Mahindra Rural Housing Finance Ltd. ** | Cash | ₹365.49 Cr | 1.31% |
| Tata Teleservices Ltd. ** | Cash | ₹327.61 Cr | 1.17% |
| 182 Day T-Bill 19.12.24 | Bond - Gov't/Treasury | ₹322.26 Cr | 1.15% |
| Mankind Pharma Ltd ** | Cash | ₹306.83 Cr | 1.10% |
| Standard Chartered Capital Ltd. ** | Cash | ₹292.23 Cr | 1.04% |
| Infina Finance Pvt. Ltd. ** | Cash | ₹269.03 Cr | 0.96% |
| Treps | Cash - Repurchase Agreement | ₹250.01 Cr | 0.89% |
| 182 D Tbill Mat - 14/02/2025 | Bond - Gov't/Treasury | ₹245.37 Cr | 0.88% |
| 364 DTB | Bond - Gov't/Treasury | ₹244.81 Cr | 0.88% |
| Dbs Bank Ltd India ** | Cash | ₹243.79 Cr | 0.87% |
| Axis Finance Ltd. ** | Cash | ₹242.68 Cr | 0.87% |
| Idfc First Bank Ltd. ** | Cash | ₹239.4 Cr | 0.86% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹219.79 Cr | 0.79% |
| 182 DTB 26122024 | Bond - Gov't/Treasury | ₹173.31 Cr | 0.62% |
| Hsbc Invest Direct Financial Services (India) Ltd. ** | Cash | ₹155.77 Cr | 0.56% |
| 364 DTB 09012025 | Bond - Gov't/Treasury | ₹153.12 Cr | 0.55% |
| 08.08 Ts SDL 2025 | Bond - Gov't/Treasury | ₹150.56 Cr | 0.54% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹148.92 Cr | 0.53% |
| Toyota Financial Services India ** | Cash | ₹147.32 Cr | 0.53% |
| Canara Bank | Cash | ₹146.95 Cr | 0.53% |
| Cholamandalam Investment And Finance Company Ltd. ** | Cash | ₹146.69 Cr | 0.52% |
| Tata Projects Ltd. ** | Cash | ₹146.68 Cr | 0.52% |
| Deutsche Investments India Pvt. Ltd. ** | Cash | ₹146.55 Cr | 0.52% |
| The Federal Bank Ltd. ** | Cash | ₹143.97 Cr | 0.51% |
| Kotak Mahindra Bank Ltd. | Cash | ₹143.7 Cr | 0.51% |
| 08.08 Up SDL 2025feb | Bond - Gov't/Treasury | ₹140.53 Cr | 0.50% |
| 07.38% MP Sdl 2025 | Bond - Gov't/Treasury | ₹137.75 Cr | 0.49% |
| India (Republic of) | Bond - Short-term Government Bills | ₹123.95 Cr | 0.44% |
| Barclays Investments & Loans (India) Ltd. ** | Cash | ₹122.17 Cr | 0.44% |
| 08.08 Wb SDL 2025 | Bond - Gov't/Treasury | ₹100.38 Cr | 0.36% |
| 08.05 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹100.31 Cr | 0.36% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹97.92 Cr | 0.35% |
| Mindspace Business Parks Reit ** | Cash | ₹97.65 Cr | 0.35% |
| Indian Bank | Cash | ₹97.48 Cr | 0.35% |
| Standard Chartered Securities India Ltd ** | Cash | ₹97.18 Cr | 0.35% |
| Tata Motors Finance Solutions Pvt. Ltd. ** | Cash | ₹97.17 Cr | 0.35% |
| Muthoot Finance Ltd. ** | Cash | ₹73.83 Cr | 0.26% |
| Nexus Select Trust ** | Cash | ₹73.43 Cr | 0.26% |
| 08.08 Uk SDL 2025 | Bond - Gov't/Treasury | ₹65.32 Cr | 0.23% |
| Corporate Debt Market Development Fund (Class A2) | Mutual Fund - Open End | ₹55.81 Cr | 0.20% |
| 08.10 Wb Sdl 2025mar | Bond - Gov't/Treasury | ₹50.25 Cr | 0.18% |
| 6.89% Govt Stock 2025 | Bond - Gov't/Treasury | ₹50.02 Cr | 0.18% |
| Hdfc Securities Ltd ** | Cash | ₹49.14 Cr | 0.18% |
| Cholamandalam Securities Ltd. ** | Cash | ₹48.62 Cr | 0.17% |
| Export-Import Bank Of India ** | Cash | ₹24.37 Cr | 0.09% |
| 06.69 MP Sdl 2025 | Bond - Gov't/Treasury | ₹20 Cr | 0.07% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹23,438.22 Cr | 89.53% |
| Bond - Gov't/Treasury | ₹3,716.06 Cr | 13.28% |
| Bond - Short-term Government Bills | ₹514.2 Cr | 1.84% |
| Cash - Repurchase Agreement | ₹250.01 Cr | 0.89% |
| Mutual Fund - Open End | ₹55.81 Cr | 0.20% |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Bond - Corporate Bond | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.53%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.25
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
Manish Banthia
Since June 2023
Nikhil Kabra
Since August 2016
Additional Scheme Detailsas of 31st October 2024
ISIN INF109K01R14 | Expense Ratio 0.21% | Exit Load No Charges | Fund Size ₹27,974 Cr | Age 11 years 10 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark CRISIL Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
ICICI Prudential Mutual Fund
Total AUM
₹8,99,267 Cr
Address
3rd Floor, Hallmark Business Plaza, Mumbai, 400 051
Other Funds by ICICI Prudential Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of ICICI Prudential Money Market Fund Direct Growth?
The NAV of ICICI Prudential Money Market Fund Direct Growth, as of 21-Nov-2024, is ₹366.25.
What are the returns of ICICI Prudential Money Market Fund Direct Growth?
The fund has generated 7.82% over the last 1 year and 6.59% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of ICICI Prudential Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 11.29% in bonds, and 88.51% in cash and cash equivalents.
Who manages the ICICI Prudential Money Market Fund Direct Growth?
The fund managers responsible for ICICI Prudential Money Market Fund Direct Growth are:-
- Manish Banthia
- Nikhil Kabra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.