ICICI Prudential Money Market Fund - Direct Plan - IDCW Others
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.Read more
AMC websiteScheme documentsNAV history (AMFI)हिंदी में
- Current NAV₹191.1771
- Fund Size (AUM)₹ 31,010 Cr.
- Expense Ratio0.21 %
- 1Y Return+6.43%
- 3Y Return (CAGR)+7.33%
- 5Y Return (CAGR)+5.87%
- Category Rank (3Y)—
- RiskometerLow to Moderate Risk
- Min. SIP / Lump sum₹ 100 / ₹ 500
More figures (11)
- Since Launch (CAGR)+5.09%
- Benchmark—
- Volatility (3Y)0.44 %
- Sharpe Ratio (3Y)1.90
- Beta (3Y)—
- 52-week High / Low₹191.2751 / ₹179.6322
- Max Drawdown-6.6 %
- Launched21 Jan 2014
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersManish Banthia, Nikhil Kabra
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 5.9% a year.
- Volatility over 3 years was 0.4% a year, with a Sharpe ratio of 1.9.
- Its biggest fall from a peak was 6.6% (24 Mar 2021 to 17 Mar 2022).
- Across all 3-year periods since launch, yearly returns ranged from 1.3% to 7.8% and were positive 100% of the time.
- Expense ratio 0.21%, fund size ₹31,010 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 1.3% a year).
- Sharpe ratio of 1.90 over 3 years: good return for the volatility taken.
- Long track record of 12.3 years since 12 Jun 2014.
Cons
AI- Expense ratio of 0.21% is above the category median of 0.16%.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | 0.00% | +0.42% | +1.67% | +3.17% | +5.11% | +6.43% | +7.12% | +7.33% | +5.87% | +4.73% | +5.58% | +5.09% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Money Market Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +5.11% | +7.56% | +7.84% | +7.47% | +0.76% | -2.76% | +6.35% | +8.01% | +7.79% | +6.77% | +7.73% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.4 | 0.6 | 0.3 | 0.6 | 0.2 | 1.1 | 0.5 | 0.6 | 0.5 | 0.2 | |||
| 2025 | 0.6 | 0.6 | 0.9 | 0.9 | 0.7 | 0.6 | 0.6 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 7.6 |
| 2024 | 0.6 | 0.6 | 0.8 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 7.8 |
| 2023 | 0.6 | 0.5 | 0.8 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 7.5 |
| 2022 | 0.3 | 0.3 | -3.5 | 0.3 | 0.1 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 | 0.8 |
| 2021 | 0.2 | 0.3 | -6.0 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.2 | 0.4 | 0.3 | -2.8 |
| 2020 | 0.5 | 0.4 | 0.6 | 0.6 | 1.2 | 0.6 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 6.4 |
| 2019 | 0.7 | 0.6 | 0.8 | 0.5 | 0.8 | 0.5 | 0.9 | 0.7 | 0.5 | 0.7 | 0.5 | 0.4 | 8.0 |
| 2018 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.5 | 0.7 | 0.7 | 0.8 | 7.8 |
| 2017 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 6.8 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 116 of 118 months shown (98%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.44% | 1.83% |
| Sharpe ratio ? | 1.90 | -0.34 |
| Sortino ratio ? | 3.47 | -0.35 |
| Maximum drawdown | -0.18% | -3.88% |
Rolling 3-year returns (yearly)
Rolling 5-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 24 Mar 2021 | 17 Mar 2022 | -6.6% | 17 May 2023 | 14 months |
| 29 Sep 2014 | 4 Feb 2015 | -5.9% | 18 Mar 2016 | 13 months |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,24,264 | ₹4,264 | +6.63% |
| 3Y | ₹3,60,000 | ₹4,00,650 | ₹40,650 | +7.07% |
| 5Y | ₹6,00,000 | ₹7,15,112 | ₹1,15,112 | +6.95% |
| 10Y | ₹12,00,000 | ₹15,94,800 | ₹3,94,800 | +5.55% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Money Market Funds (28)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Money Market FundAditya Birla Sun Life Mutual Fund | ₹407.3514 | — | — | — | — | — | 0.22 | 26,943 | Moderate Risk |
| 2. | Axis Money Market FundAxis Mutual Fund | ₹1,570.33 | — | — | — | — | — | 0.16 | 19,012 | Moderate Risk |
| 3. | Bajaj Finserv Money Market FundBajaj Finserv Mutual Fund | ₹1,260.98 | — | — | — | — | — | 0.13 | 3,973 | Low to Moderate Risk |
| 4. | Bandhan Money Market FundBandhan Mutual Fund | ₹47.4719 | — | — | — | — | — | 0.10 | 13,129 | Low to Moderate Risk |
| 5. | Bank of India Money Market FundBank of India Mutual Fund | ₹11.2385 | — | — | — | — | — | — | — | — |
| 6. | Baroda BNP Paribas Money Market FundBaroda BNP Paribas Mutual Fund | ₹1,519.73 | — | — | — | — | — | 0.16 | 3,393 | Low to Moderate Risk |
| 7. | DSP Money Market FundDSP Mutual Fund | ₹58.9142 | — | — | — | — | — | 0.18 | 8,072 | Moderate Risk |
| 8. | Edelweiss Money Market FundEdelweiss Mutual Fund | ₹34.0553 | — | — | — | — | — | 0.11 | 2,065 | Low to Moderate Risk |
| 9. | Franklin India Money Market FundFranklin Templeton Mutual Fund | ₹56.3491 | — | — | — | — | — | 0.14 | 3,887 | Low to Moderate Risk |
| 10. | Groww Money Market FundGroww Mutual Fund | ₹10.5363 | — | — | — | — | — | — | — | — |
| 11. | HDFC Money Market FundHDFC Mutual Fund | ₹6,333.94 | — | — | — | — | — | 0.22 | 27,624 | Moderate Risk |
| 12. | HSBC Money Market FundHSBC Mutual Fund | ₹30.0580 | — | — | — | — | — | 0.15 | 6,382 | Low to Moderate Risk |
| 13. | ICICI Prudential Money Market FundICICI Prudential Mutual Fund | ₹417.2397 | — | — | — | — | — | 0.21 | 31,010 | Low to Moderate Risk |
| 14. | Invesco India Money Market FundInvesco Mutual Fund | ₹3,420.02 | — | — | — | — | — | 0.16 | 5,481 | Low to Moderate Risk |
| 15. | JioBlackRock Money Market FundJio BlackRock Mutual Fund | ₹1,081.39 | — | — | — | — | — | — | — | — |
| 16. | Kotak Money Market FundKotak Mahindra Mutual Fund | ₹4,925.46 | — | — | — | — | — | 0.16 | 27,513 | Low to Moderate Risk |
| 17. | LIC MF Money Market FundLIC Mutual Fund | ₹1,308.99 | — | — | — | — | — | 0.16 | 3,979 | Low to Moderate Risk |
| 18. | Mirae Asset Money Market FundMirae Asset Mutual Fund | ₹1,387.32 | — | — | — | — | — | 0.11 | 2,452 | Low to Moderate Risk |
| 19. | Nippon India Money Market FundNippon India Mutual Fund | ₹4,567.81 | — | — | — | — | — | 0.22 | 19,855 | Moderate Risk |
| 20. | PGIM India Money Market FundPGIM India Mutual Fund | ₹1,481.98 | — | — | — | — | — | 0.16 | 123 | Low to Moderate Risk |
| 21. | PGIM India Money Market FundPGIM India Mutual Fund | ₹0.0000 | — | — | — | — | — | — | — | — |
| 22. | SBI Money Market FundSBI Mutual Fund | ₹48.2432 | — | — | — | — | — | 0.26 | 27,850 | Low to Moderate Risk |
| 23. | Shriram Money Market FundShriram Mutual Fund | ₹1,047.01 | — | — | — | — | — | — | — | — |
| 24. | Sundaram Money Market FundSundaram Mutual Fund | ₹16.3940 | — | — | — | — | — | 0.20 | 1,338 | Low to Moderate Risk |
| 25. | Tata Money Market FundTata Mutual Fund | ₹5,232.93 | — | — | — | — | — | 0.18 | 31,690 | Moderate Risk |
| 26. | TRUSTMF Money Market FundTrust Mutual Fund | ₹1,329.40 | — | — | — | — | — | 0.16 | 248 | Low to Moderate Risk |
| 27. | Union Money Market FundUnion Mutual Fund | ₹1,376.88 | — | — | — | — | — | 0.18 | 1,120 | Low to Moderate Risk |
| 28. | UTI - Money Market FundUTI Mutual Fund | ₹3,390.85 | — | — | — | — | — | 0.15 | 16,039 | Moderate Risk |
| Median: 28 schemes | — | — | — | — | — | — | 0.16 | 6,382 | — |
Detailed comparison with another fund About Money Market Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- 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.
- Fund managers
- Manish Banthia, Nikhil Kabra
- Fund house
- ICICI Prudential Mutual Fund
- Category
- Money Market Funds · Debt
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 120216
- ISIN
- INF109K01R30
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Money Market Funds
Money Market Funds invest in money-market instruments maturing within one year.
Generally used by short-term money with a horizon up to about a year.
Other plans of this scheme
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund
- ICICI Prudential Money Market Fund - Direct Plan - Growth
- ICICI Prudential Money Market Fund - Direct Plan - Daily IDCW
Tax on your gains
Likely tax treatment: Debt-oriented fund ("specified mutual fund")
- Units bought on or after 1 April 2023: gains are added to your income and taxed at your slab rate, however long you hold them.
- No long-term rate or indexation benefit for these units.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: ICICI Prudential Mutual Fund
- ICICI Prudential AMC Expects FY27 ESOP Expenses Between ₹64-68 CroreSahi · 8 h ago
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- ICICI Prudential AMC to attend non-deal US roadshow from November 2scanx.trade · 9 h ago
- ICICI Prudential AMC NSE:ICICIAMC Non-Deal US Roadshow 2026Kalkine India · 10 h ago
- ICICI Prudential AMC Q2 net profit rises 6.1% to Rs 889 croreCafemutual · 20 h ago
- Higher mutual fund yields lift ICICI Prudential AMC's Q2FY27 earningsBusiness Standard · Yesterday
- ICICI Prudential AMC Declares Rs 30 Interim Dividend as Q2 Profit Rises 6.1%Kalkine India · 14 Oct
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
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