Returns as of: 27 October 2026
- ₹10,000 put in three years ago is worth ₹12,352 now
- 1-year return: 6.35%, lower than the category average of 6.36%
- 3-year return: 7.29% a year, higher than the category average of 7.23%
- Expense ratio (Direct plan): 0.21%, higher than the category average of 0.17%
- Assets: ₹31,010 crore at 30 September 2026
- Largest holding: 182 Days Treasury Bills, 3.98% of the fund; the top ten are 27.81%
- Volatility over three years: 0.44% a year
A ₹10,000 investment in the ICICI Prudential Money Market Fund three years ago is worth ₹12,352. The fund returned 6.35% over the past year within the Debt – Money Market Fund category. The expense ratio is 0.21%. Assets were ₹31,010 crore at 30 September 2026.
ICICI Prudential Money Market Fund: key details
| Fund house | ICICI Prudential Mutual Fund |
| Category | Debt – Money Market Fund |
| Benchmark | Nifty Money Market Index |
| Expense ratio (Direct plan) | 0.21% |
| Assets | ₹31,010 crore (30 September 2026) |
| Minimum investment | ₹500 |
| Minimum SIP | ₹100 |
| Exit load | Nil |
| Fund managers | Manish Banthia, Nikhil Kabra |
ICICI Prudential Money Market Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 0.03% | – | – |
| 1 month | 0.39% | – | – |
| 3 months | 1.50% | – | – |
| 6 months | 3.21% | – | – |
| 1 year (a year) | 6.35% | 6.36% (25 funds) | 14 of 25 |
| 3 years (a year) | 7.29% | 7.23% (23 funds) | 11 of 23 |
| 5 years (a year) | 6.72% | – | – |
The 1-year return of 6.35% is lower than the category average of 6.36%. Over three years, the fund returned 7.29% a year, which is higher than the category average of 7.23%. These returns are based on the Direct Growth plan performance as of 27 October 2026.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 32,702 |
| 31 May 2026 | 30,335 |
| 30 June 2026 | 31,085 |
| 31 July 2026 | 34,627 |
| 31 August 2026 | 36,529 |
| 30 September 2026 | 31,010 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 0.44% | 0.43% |
| Largest fall from a high (11 May 2026 to 22 May 2026) | −0.18% | −0.15% |
The fund recorded a volatility of 0.44% a year, which is higher than the category median of 0.43%. The largest fall of the NAV from a high was −0.18% between 11 May 2026 and 22 May 2026. This fall is larger than the category median of −0.15%.
Portfolio: top holdings
| Holding | Sector | Weight | Value (₹ crore) |
|---|---|---|---|
| 182 Days Treasury Bills | – | 3.98% | 1,236 |
| Axis Bank Ltd. ** | – | 3.96% | 1,226 |
| HDFC Bank Ltd. ** | – | 3.08% | 955 |
| Bank Of Baroda | – | 3.00% | 930 |
| Small Industries Development Bank Of India. ** | – | 2.69% | 833 |
| Panatone Finvest Ltd. ** | – | 2.53% | 783 |
| IndusInd Bank Ltd. ** | – | 2.36% | 733 |
| Small Industries Development Bank Of India. ** | – | 2.28% | 706 |
| 91 Days Treasury Bills | – | 2.04% | 633 |
| Union Bank Of India | – | 1.90% | 588 |
| Sector | Weight |
|---|---|
| Financial Services | 0.30% |
| Type | Weight |
|---|---|
| Certificate of Deposit | 64.04% |
| Commercial Paper | 27.22% |
| Treasury Bills | 13.20% |
| Government Securities | 1.41% |
| Alternative Investment Fund | 0.30% |
| Cash & Cash Equivalents and Net Assets | -6.17% |
The portfolio held 128 securities at 30 September 2026. The ten largest holdings account for 27.81% of the fund. The largest holding is 182 Days Treasury Bills at 3.98%, followed by Axis Bank Ltd. at 3.96% and HDFC Bank Ltd. at 3.08%.
Objective
The scheme states its objective as follows.
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity by investing in money market instruments.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Manish Banthia | Associate Vice President -Investments | 5 Years |
| Nikhil Kabra | Fund Manager | 1 Years |
ICICI Prudential Money Market Fund: FAQs
What would ₹10,000 in the ICICI Prudential Money Market Fund be worth today?
₹10,000 put into the Direct Growth plan on 27 October 2023 would have been worth ₹12,352 on 27 October 2026. This is what happened over those three years, not a forecast.
What is the return of the ICICI Prudential Money Market Fund?
The Direct Growth plan returned 6.35% over one year to 27 October 2026, lower than the category average of 6.36%. Over three years it returned 7.29% a year.
What is the expense ratio of the ICICI Prudential Money Market Fund?
The expense ratio of the Direct plan is 0.21%; the average for 27 Direct plans in the category is 0.17%.
How large is the ICICI Prudential Money Market Fund?
Its assets were ₹31,010 crore at 30 September 2026.
What are the top holdings of the ICICI Prudential Money Market Fund?
At 30 September 2026 the largest holdings were 182 Days Treasury Bills (3.98%), Axis Bank Ltd. ** (3.96%), HDFC Bank Ltd. ** (3.08%). The top ten made up 27.81% of the fund.
Who manages the ICICI Prudential Money Market Fund?
The fund is managed by Manish Banthia, Nikhil Kabra.
What is the minimum investment in the ICICI Prudential Money Market Fund?
The minimum investment is ₹500. The minimum SIP is ₹100.
What is the exit load of the ICICI Prudential Money Market Fund?
The scheme states its exit load as: Nil
What is the benchmark of the ICICI Prudential Money Market Fund?
The scheme’s benchmark is the Nifty Money Market Index.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.