ICICI Prudential Money Market Fund Regular Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Money Market Fund

  • highlight7.81%
  • highlight0.07(0.03%)

Start your investment

Min amount: 500

Calculate Returns

Rs. 500 invested monthly becomes Rs. 2.9 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years7.69%
5 Years7.81%
3 Years7.37%
1 Year8.24%
6 Months4.14%
Fund Details
ISININF109K01TX1
RiskModerately Low risk
Fund TypeMoney Market
NAV264.6648
Exit Load--

More about this fundstar

Top HoldingsWeightage
182 DTB 100520190.32%

About ICICI Prudential Money Market Fund

The ICICI Prudential Money Market Fund is an open-ended debt scheme investing in money market instruments. The scheme aims to provide reasonable returns over a short-term timeframe. The scheme may invest at least 40% in debt instruments, whereas at no point in time it will invest more than 50% in money market instrument and more than 10% in REITs & InvITs.

Pros & Cons of ICICI Prudential Money Market Fund

ICICI Prudential Money Market Fund offers the following benefits: 1. The scheme aims to provide reasonable returns at lower risks and with higher liquidity. 2. The fund returns are higher than the average category returns across all timeframes.

Fund Information and Statistics of ICICI Prudential Money Market Fund

i) Inception/ Launch date

The ICICI Prudential Money Market Fund was launched on 8 March 2006, by ICICI Prudential AMC.

ii) Risk level

ICICI Prudential Money Market Fund is a moderately low-risk bet suitable for mid-term to long-term investment horizon.

iii) Redemption

Redemption can be done on any day based on redemption prices for that day. The proceeds will be dispatched within 10 business days from the day of the redemption request.

iv) Fund Manager

ICICI Prudential Money Market Fund is managed by Rahul Goswami and Nikhil Kabra.

v) Entry / Exit load

The fund house does not charge any entry load or exit load on redemption.

Tax benefits of investing in ICICI Prudential Money Market Fund

The Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months. If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.

About ICICI Prudential Mutual Fund

ICICI Prudential is a joint venture between ICICI Bank and Prudential Plc which is an international financial services group. The fund house offers 47 mutual fund products and serves 3 million customers. ICICI Prudential Mutual Fund strives to deliver higher risk-adjusted returns with consistent long-term performance.

Need help?
)

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

Start your investment

Min amount: 500

Calculate Returns

Rs. 500 invested monthly becomes Rs. 2.9 Lakhs in a period of 20 years
Need help?
)
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