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ICICI Prudential Money Market Fund - NAV, Returns, SIP Investment | Allvest

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Invest in ICICI Prudential Money Market Fund - Regular & Direct Growth plans. Check latest NAV ₹384.08, AUM ₹35,584 crores, expense ratio 0.32%. Start SIP from ₹100 or lumpsum from ₹500.

Investment Objective and Approach

ICICI Prudential Money Market Fund seeks to provide reasonable returns commensurate with low risk while providing a high level of liquidity through investments made primarily in money market instruments up to 100% and debt securities up to 40%. The fund follows a conservative investment strategy focusing on short-term debt instruments and cash equivalents to maintain liquidity while generating stable returns.

The primary aim is to optimize returns while providing liquidity. The fund typically invests in:

- Money Market Instruments: Treasury bills, commercial papers, certificates of deposit

- Government Securities: Short-term government bonds with high credit quality

- Corporate Bonds: High-rated short-term corporate debt instruments

- Bank Fixed Deposits: Term deposits from scheduled commercial banks

The investment approach emphasizes capital preservation and liquidity over aggressive growth, making it suitable for investors seeking stable returns with minimal risk exposure.

Fund Managers

The fund is currently managed by Manish Banthia and Nikhil Kabra, both seasoned professionals in debt fund management.

Manish Banthia - B.Com, CA, and MBA, he has been associated with ICICI Prudential Asset Management Company since October 2005. His extensive experience spans fixed income investments and new product development within the ICICI Prudential ecosystem.

Nikhil Kabra - A B.Com and Chartered Accountant, he joined ICICI Prudential AMC in September 2013. Before joining ICICI Prudential, he gained valuable experience at Sumedha Fiscal Services Limited and Haribhakti & Co.

Both fund managers bring complementary expertise in debt market analysis, credit evaluation, and portfolio construction, ensuring professional management aligned with the fund's conservative investment mandate.

About the Fund House (AMC)

ICICI Prudential Mutual Fund was established in 1993 as a joint venture between ICICI Bank and Prudential Plc of the United Kingdom. It is the second-largest mutual fund company in India in terms of Assets Under Management (AUM).

Key highlights about ICICI Prudential AMC:

- Ownership Structure: ICICI Bank holds a 51% stake in the joint venture while Prudential plc has 49%

- Global Expertise: Prudential plc is one of the largest companies in the financial services sector in the United Kingdom

- Regulatory Compliance: ICICI Prudential Mutual Fund commenced operations after registering with SEBI, Securities and Exchange Board of India

- Scale of Operations: As of June 19, 2024, ICICI Prudential Mutual Fund has an Assets Under Management (AUM) of ₹7,33,779.84 crores

- Investor Base: The AMC serves over 97 lakh investors as of January 31st, 2024

The AMC offers over 120 mutual fund schemes across equity, debt, and hybrid categories, backed by experienced fund management teams and robust research capabilities.

Should I Invest in ICICI Prudential Money Market Fund?

ICICI Prudential Money Market Fund may be suitable for investors with specific requirements:

Ideal for:

- Investors seeking short-term parking of surplus funds with better returns than savings accounts

- Conservative investors prioritizing capital preservation over growth

- Those requiring high liquidity with minimal investment risk

- Institutional investors managing working capital requirements

Key Considerations:

- The fund has delivered returns of 7.16% per annum since inception

- Current expense ratio is 0.32%

- Minimum investment is ₹500 for lumpsum and ₹100 for SIP

- No exit load applies

Performance Metrics (as of August 2025):

- 2024 returns: 7.7%, 2023 returns: 7.4%, 2022 returns: 4.7%

- 1-year returns: 7.61%, 3-year returns: 6.79%, 5-year returns: 5.98%

Risk Factors:

- Interest rate risk may impact NAV in volatile market conditions

- Credit risk from underlying instruments, though minimal given high-quality portfolio

- Inflation risk may erode real returns during high inflation periods

The fund is suitable for conservative investors but may not be ideal for wealth creation over longer time horizons.

FAQs

What is today's NAV of ICICI Prudential Money Market Fund?

The latest NAV is ₹384.08 as of August 26, 2025. NAV is updated daily and reflects the current market value of the fund's holdings.

What is the AUM of ICICI Prudential Money Market Fund?

The fund has an AUM of ₹35,584.45 crores as of recent data. This indicates strong investor confidence and substantial fund size for better liquidity management.

What is the expense ratio of ICICI Prudential Money Market Fund?

The expense ratio is 0.32%, which is reasonable for a money market fund and helps in maintaining competitive returns for investors.

What are the returns of ICICI Prudential Money Market Fund since inception?

The fund has delivered annualized returns of 7.16% since its inception in March 2006, demonstrating consistent performance over nearly two decades.

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

You can start a SIP with a minimum amount of ₹100 per month. For lumpsum investments, the minimum amount is ₹500.

How do I invest in ICICI Prudential Money Market Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount, and completing payment via UPI, netbanking, or other available modes.

How to start a SIP in ICICI Prudential Money Market Fund?

Log into Allvest app, search for ICICI Prudential Money Market Fund, select SIP option, choose monthly amount (minimum ₹100), set investment date, and complete automated payment setup.

How do I automate an SIP in ICICI Prudential Money Market Fund?

Use the Auto-Invest feature on your investment platform to set up automatic investments at regular intervals, ensuring consistent contributions without manual intervention.

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

Login to your Allvest account, select the fund from your portfolio, choose redemption amount (partial or full), submit request, and funds will be credited to your registered bank account within 1-3 working days.