ICICI Prudential Money Market Fund Option - Growth

ICICI Prudential Money Market Fund Option - Growth is a scheme launched by ICICI Mutual Fund on March 08, 2006, and falls under the Money Market fund category. It currently manages an AUM of Rs 37,742.97 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 500. It charges an expense ratio of 0.32% for managing the portfolio.

• Investing Strategy:

  To provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities.

• Performance:

  ICICI Prudential Money Market Fund Option - Growth trailing returns over different times are 7.83% (1 year), 7.49% (3 year) and 6.04% (5 year). The average annual return of this fund stands at 5.47%.