These are the top-ranked funds within money market mutual funds.However, Scripbox does not recommend investing in 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.
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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.
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.
ICICI Prudential Asset Management Company Limited manages assets worth 397,926 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 104 equity,526 debt and 64 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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Invest via netbanking, UPI or through an SIP (eNACH mandate).
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About ICICI Prudential Money Market Fund Retail (G)
About ICICI Prudential Money Market Fund Retail (G)
ICICI Prudential Money Market Fund Retail (G) is a money market debt fund and has delivered an annualised return of 6.4% over a period of 19 years .The fund was previously known as ICICI Pru Money Mkt Gr.The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Nikhil Kabra, Rahul Goswami
ICICI Prudential Money Market Fund Retail (G) 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. However, there is no assurance that the objective of the scheme will be realized.
ICICI Prudential Money Market Fund Retail (G) NAV,AUM,Risk
The ICICI Prudential Money Market Fund Retail (G) fund was launched on Mar 06, 2002. The NAV (Net Asset Value) of this money market debt as of 2020-04-24 is ₹ 306.6704. The total AUM (Asset Under Management) of the fund as of 2021-02-26 is ₹ 10354.775. The category risk of the ICICI Prudential Money Market Fund Retail (G) fund is Moderate Risk.
The fund charges 0.33 % as expense ratio.
ICICI Prudential Money Market Fund Retail (G) Holdings
The fund’s highest allocation is towards others and has invested 84.4% in this asset class. The top three holdings of the fund are 6.17% govt stock 2021,7.94% govt stock 2021 and 364 dtb 25032021
ICICI Prudential Money Market Fund Retail (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 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.
ICICI Prudential Money Market Fund Retail (G) Investment volatility and Horizon
This fund 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 Retail (G) Review
ICICI Prudential Money Market Fund Retail (G) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Money Market Fund Retail (G) has a score of 5 out of 5.
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
