Investment Objective and Approach

The predominant investment objective of the ICICI Prudential Liquid Fund Direct Plan-Growth is the generation of moderate returns with a high-liquidity quotient. The fund aims to achieve returns in the short run and expects to do this by investing in securities like those of a fixed-income nature.

The ICICI Prudential Liquid Fund Direct Plan-Growth is an open-ended debt mutual fund by the ICICI Prudential Mutual Fund. This lies within the category of liquid funds, aiming to give investors a stable and safe investment option with liquidity and returns of a moderate nature in the short term.

The fund follows a conservative investment approach:

- This is potentially a low-risk fund that mainly invests in money markets and debt instruments

- Most of the fund is invested in low-risk securities with a portion invested in government securities

- The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in money market and debt instruments

Fund Managers

Rahul Goswami, Rohan Maru is the Current Fund Manager of ICICI Prudential Liquid Fund Direct Plan Growth fund. Rohan Maru, Nikhil Kabra, Sharmila D'mello, Darshil Dedhia are the current fund managers of this mutual fund.

The fund benefits from ICICI Prudential's experienced investment team with expertise in fixed income securities and money market instruments.

About the Fund House (AMC)

ICICI Prudential Mutual Fund was started as a joint venture between ICICI Bank and Prudential Plc of the United Kingdom (UK) in 1993. Prudential Plc is one of the largest companies in the financial services space in the UK. ICICI Prudential Mutual Fund commenced operations after registering with SEBI, Securities and Exchange Board of India which is the capital market regulator in India.

Key highlights of ICICI Prudential Mutual Fund:

- In terms of assets under management (AUM), it is one of the top 3 Asset Management Companies (AMC) in the country

- At the end of January 2024, it had an AUM of over Rs. 6,90,000 crore from more than 97 lakh investors

- The AMC offers over 120 mutual fund schemes across equity, debt, and hybrid schemes

- The AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of 3072 employees with a reach across over 350 locations reaching out to an investor base of 97 lakh investors (as on January 31st, 2024)

The partnership combines ICICI Bank's deep understanding of the Indian market with Prudential Plc's global investment expertise, creating a strong foundation for fund management.

Should I Invest in ICICI Prudential Liquid Fund?

You may wish to invest in the ICICI Prudential Liquid Fund Direct Plan-Growth if you seek an investment with minimal risk and a high degree of liquidity. This scheme could also be an option for those investors who wish to invest with surplus cash for a brief period, or those wishing to maintain a fund for emergencies.

This fund is suitable for investors who:

- Need high liquidity with minimal risk

- Want to park surplus funds temporarily

- Are looking for emergency fund options

- Prefer stable returns over market volatility

- Have short-term investment horizons

Key fund metrics as of latest data:

- The fund currently has an Asset Under Management(AUM) of ₹9,87,232 Cr

- The expense ratio of ICICI Prudential Liquid Fund is 0.2%

- Over the past five years, ICICI Prudential Liquid Fund has delivered an annualised return of 5.52% as of 01-Aug-2025

- The fund has delivered a CAGR of 6.88 since inception

FAQs

What is today's NAV of ICICI Prudential Liquid Fund?

The Latest NAV as of 24 Aug 2025 is ₹393.68. NAV is updated daily and represents the per-unit value of the fund.

What is the AUM of ICICI Prudential Liquid Fund?

The fund currently has an Asset Under Management(AUM) of ₹9,87,232 Cr as of August 2025, indicating strong investor confidence and fund size.

What is the expense ratio of ICICI Prudential Liquid Fund?

The expense ratio of ICICI Prudential Liquid Fund is 0.2%, which is competitive for liquid funds and represents the annual fee charged for fund management.

What are the returns of ICICI Prudential Liquid Fund since inception?

The fund has delivered a CAGR of 6.88 since inception and 131.20% since scheme launch. This reflects consistent performance in the liquid fund category.

What is the minimum SIP amount to invest in ICICI Prudential Liquid Fund?

The minimum investment required to start investing in ICICI Prudential Liquid Fund is ₹99 for the lump sum option and ₹99 for the SIP (Systematic Investment Plan) option.

How do I invest in ICICI Prudential Liquid Fund?

You can invest through Allvest by completing your KYC, selecting the fund, choosing between SIP or lump sum investment, and making the payment. The investment process is completely digital and paperless.

How to start a SIP in ICICI Prudential Liquid Fund?

To start a SIP in ICICI Prudential Liquid Fund through Allvest, log into your account, select the fund, choose 'Start SIP', set your monthly amount (minimum ₹99), and set up auto-debit instructions.

How do I automate an SIP in ICICI Prudential Liquid Fund?

You can automate your SIP through Allvest by setting up bank mandate or UPI autopay during the SIP setup process. This ensures hassle-free monthly investments without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Liquid Fund?

You can redeem your investment through Allvest's platform by selecting the fund in your portfolio and placing a redemption request. Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. Funds typically get credited within 1-2 business days.