ICICI Prudential Money Market Fund Direct Plan Growth

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.