ICICI Prudential Money Market Fund Option - Growth

Money Market NAV 332.4316 0 22 September, 2023

Fund Details

Category Money Market
Fund Type Open Ended
Investment Plan Growth
Launch Date 01 March, 2006
Benchmark CRISIL Money Market
Asset Size(Cr) 13434.099119999999
Turn over 29%
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 1
Exit Load Nil
Expense Ratio 0.31
Fund Manager Rahul Goswami, Nikhil Kabra
Fund House ICICI Prudential Mutual Fund

Investment Returns (As on 22 Sep, 2023)

Duration Returns Benchmark Category
1 W 0.11% 0.13% 0.11%
1 M 0.67% 0.52% 0.65%
3 M 1.92% 1.56% 1.84%
6 M 3.66% 3.16% 3.52%
1 Y 5.99% 5.81% 5.67%
2 Y 4.86% 4.59% 4.61%
3 Y 5.04% 4.1% 4.68%
5 Y 6.06% 4.72% 5.73%

Risk Mesasures (As on 22 Sep, 2023)

Std Dev Sharpe Beta Alpha YTM AVG Maturity
Fund 0.67 1.44 2.91 1.35 7.7 0.91
Benchmark 0 0 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 0.46%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
ICICI Prudential Money Market Fund Option - Growth 5.99% 5.04% 6.06%
Aditya Birla Sun Life Money Manager Fund - Growth 6.08% 5.2% 6.28%
SBI Savings Fund - Regular Plan - Growth 5.52% 4.6% 5.65%

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ICICI Prudential Money Market Fund - A Worthwhile Strategy

The ICICI Prudential Money Market Fund offers growth-oriented opportunity to create wealth out of the hard-earned monies. Whenever we think of mutual fund investments, we want to make the best choice. As it is crucial to design the portfolio in a well-planned manner that could help in achieving the desired growth. The ICICI Prudential Mutual Fund has well designed this strategy in order to cater the diversified needs of various investors.

We at MySIPonline are ready to make your investment journey easier. By providing the online portal for purchasing various mutual fund programmes including ICICI Prudential Money Market Fund, we make sure to offer you the best solution for all your queries related to investments. We have various tools and services including SIP Calculator, Tax Calculator, financial advisors and consultants which would help you in taking your best investment decision and design an efficient portfolio.

The ICICI Money Market Fund is an open-ended liquid fund scheme which aims to provide worth to an investment and fulfil the short-term needs of various investors. You can invest in the same using SIP plan or by making a lump sum payment. In order to fulfil the expectation of varied investors, this scheme offers the best strategy. The ICICI Prudential mutual fund AMC is indulged in redesigning the ICICI Pru Money Market Plan so as to provide worth to the same. Hereunder is an overview of icici pru money market fund plan as per the recent data that would help you in getting an idea about this scheme:

ICICI Prudential Money Market Fund: Investment Details

  • ICICI money market fund provides efficient and fruitful deployment of idle cash and offers high liquidity along with the flexibility to the investors. The risk factors associated with it are also quite low.
  • It is best suited for investors who are seeking short-term savings solutions and want to earn reasonable returns with a low-risk profile.
  • The minimum amount to start investing in this strategy is Rs. 500.
  • The portfolio is entirely made up of short-term debt instruments and manages to keep a low, but steady rate of growth in ICICI Money Market Fund Net Asset Value (NAV).

Performance Analysis:

The ICICI Prudential Money Market Scheme is empowered to create wealth in the future for its investors. This is well proved by the following maintained records of the same:

  1. ICICI money market fund is ranked third under the ‘Liquid Funds’ category as per the ratings of CRISIL for the quarter ended in June 2016. Accordingly, it holds three-star rating out of five.
  2. Its NAV since inception is constantly increasing and have reached upto Rs.215.799 as on 29th Aug 2016. Hence, it has helped many investors in generating the worth of their investment value.
  3. ICICI prudential money market fund growth returns as against the set benchmark i.e., ‘CRISIL Liquid Fund’, is higher which shows its market-held possession.
  4. It provides high yields in the case of short as well as long-term investment tenure and thus helps in attaining the desired goals.
  5. The absolute return generated for the first quarter of 2016 ended in June was 2%.

ICICI Money Market Fund G: Portfolio Review

With an asset size of Rs. 3078.62 crore (as on 30th June 2016), this plan has made investments in the most efficient money market instruments. The major holdings of icici prudential money market fund strategy include:

  • Money Market Instruments - CDs, CPs
  • Treasury Bills
  • Power Finance Corporation Ltd.
  • 91 Days Treasury Bills
  • HDFC Ltd.

Accordingly, Money Market Plan from ICICI Mutual Fund has a well-diversified portfolio which possesses investments in the most prominent areas to provide high growth potential with liquidity and regular returns. An investor who is desirous of attaining wealth within a short span of time can opt for icici money market fund scheme and achieve the set financial goals.

We are ready to help you out in the best possible manner to make an effective and most efficient strategy and designing your investment portfolio. ICICI Prudential Money Market Fund, which is among the top performing schemes must be considered while planning to invest in MF programmes. You can buy icici pru money market fund here only using the online channels in a convenient and feasible manner.

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