ICICI Prudential Money Market Fund Direct Plan Growth - Latest NAV ₹294.0399, Returns, Performance & Portfolio

ICICI Prudential Money Market Fund Direct Plan Growth

  • highlight
    7.18%
  • highlight
    (+0.02)294.0399

Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 53,564 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years7.18%
3 Years7.19%
1 Year5.93%
6 Months1.93%
Fund Details
ISININF109K01R14
RiskModerately Low risk
Fund TypeMoney Market
NAV294.0399
Exit Load--

More about this fundstar

Top HoldingsWeightage
6.17% Govt Stock 20219.26%
7.94% Govt Stock 20213.11%
364 DTB 250320213.03%
182 DTB 130520211.82%
7.80% Govt Stock 20211.75%
Larsen and Toubro Limited1.46%
364 DTB 070520210.91%
182 DTB 250320210.77%
8.36% M.P. GS 20210.44%
8.48% Odisha SDL 20210.44%

About ICICI Prudential Money Market Fund - Direct Plan - Growth

The main intention of the fund manager is to provide investors with a considerable amount of returns at lower risk levels. The asset allocation of the fund scheme is mostly made towards fixed-income securities across debt and money markets.

Pros and Cons of ICICI Prudential Money Market Fund - Direct Plan - Growth

The primary benefit of investing in this scheme is that you get exposure to a portfolio constituted by top-performing debt and money market securities. On the flip side, the returns may be restricted as the equity exposure is minimal to nil.

Fund Information and Statistics

i) Inception/Launch Date

ICICI Prudential Money Market Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

ICICI Prudential Money Market Fund - Direct Plan - Growth has been categorised under the 'moderately low risk' class of mutual funds.

iii) Redemption

ICICI Prudential Money Market Fund - Direct Plan - Growth is an open-ended mutual fund scheme. Therefore, you can sell your fund units at any time.

iv) Fund Manager

Mr Nikhil Kabra and Mr Rahul Goswami are the current fund managers of ICICI Prudential Money Market Fund - Direct Plan - Growth.

v) Entry/Exit load

There is no entry load as per the norms of the Indian market watchdog. This fund comes with no exit load as well.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is being sponsored by Prudential Plc and ICICI Bank Limited. The fund house was set up as a joint venture between its sponsors back in June 1993. The asset management company registered itself with the Securities and Exchange Board of India (SEBI) with ICICI Prudential Trust Limited as its trustee company. As of September 2020, it's total assets under management amounted to a massive Rs 359943.33 crore.

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 53,564 in a period of 20 years
Moderately Low risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns