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  • ICICI Prudential Money Market Fund (RIDCW-M)

Formerly ICICI Pru Money Market Mn DR

ICICI Mutual Fund

ICICI Prudential Money Market Fund (RIDCW-M)

DebtMoney Market
Top Ranked

100.8819

NAV (Sep 16)

4.5%
3 Year CAGR
Scripbox Opinion
Top Ranked
These are the top-ranked funds within money market mutual funds.

Money Market Funds invest in money market instruments with maturity upto 1 year.

This category accounts for close to 5% of the total Debt fund assets.

Funds in this category have a credit quality and return similar to Liquid Funds however they tend to have higher variations when interest rates change.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Good

The performance of the fund on a Fund Size metric has been Good

Rolling Returns

Good

The performance of the fund on a Rolling Returns metric has been Good

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

100.8819

NAV (Sep 16)

Fund Returns

Last 1Y
3.9%
Last 3Y
4.5%
Last 5Y
4.9%
Last 10Y
5.5%
Since Inception
5.5%
6 Month CAGR
2.1%

Scheme Information

Investment Objective

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity by investing in money market instruments. However,there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Expense Ratio
0.33
Launched (17y ago)
Mar 13, 2006
AUM in Crores
15207.762
ISIN
INF109K01UB5
Lock-in
No Lock-in
Benchmark
CRISIL Money Market TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
1.1
Standard Deviation (5yr)
0.9
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
0
Sharpe Ratio (5yr)
-0.045
YTM
7.33
Fund Managers

Nikhil Kabra

Fund Manager

Rahul Goswami

Fund Manager

Manish Banthia

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
ICICI Prudential Money Market Fund (RIDCW-M)70%8,23,934 91,3224.9%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2022-09-16

Top Debt Holdings

See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 44,468 cr

₹ 18,357 cr

₹ 10,408 cr

₹ 14,357 cr

₹ 9,121 cr

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 608,386 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 116 equity,539 debt and 64 hybrid funds.amc-img
022-26525000
enquiry@icicipruamc.com
Fund NameScripbox Opinion
Till Date CAGR

4.6%

7.1%

15.4%

15.6%

5%

5.9%

6.4%

6.9%

6.4%

7.5%

ICICI Prudential Money Market Fund (RIDCW-M) Review

ICICI Prudential Money Market Fund (RIDCW-M) is a Money Market Debt fund and has delivered an annualised return of 5.5% over a period of 17 years. The fund was previously known as ICICI Pru Money Market Mn DR. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Manish Banthia, Nikhil Kabra, Rahul Goswami.

Nav of ICICI Prudential Money Market Fund (RIDCW-M) as of 9/16/2022 is ₹100.88 with the total AUM as of 9/23/2023 is ₹15207.762. With Scripbox you can compare and check the latest nav for all mutual funds in India. ICICI Prudential Money Market Fund (RIDCW-M) was launched on Mar 13, 2006. The category risk of the fund is Low to Moderate Risk.

The minimum SIP amount for ICICI Prudential Money Market Fund (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

ICICI Prudential Money Market Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Money Market TR INR.

ICICI Prudential Money Market Fund (RIDCW-M) is rated as a 4 fund in Debt and delivered 3.9% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with ICICI Prudential Money Market Fund (RIDCW-M).

Frequently Asked Questions

What is ICICI Prudential Money Market Fund (RIDCW-M)?

ICICI Prudential Money Market Fund (RIDCW-M) is a Money Market Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in ICICI Prudential Money Market Fund (RIDCW-M)?

You can invest in ICICI Prudential Money Market Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of ICICI Prudential Money Market Fund (RIDCW-M)?

The minimum sip amount for ICICI Prudential Money Market Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.

Is ICICI Prudential Money Market Fund (RIDCW-M) good to invest in?

As per Scripbox experts, ICICI Prudential Money Market Fund (RIDCW-M) is a Top Ranked fund. You can investICICI Prudential Money Market Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the ICICI Prudential Money Market Fund (RIDCW-M)?

The expense ratio of the ICICI Prudential Money Market Fund (RIDCW-M) is 0.33% for regular plan.