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ICICI Prudential Money Market Dividend Fortnightly+0.01%

6.08%
1 Year Return
Debt
Money Market
4.0star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Money Market Dividend Fortnightly

RiskModerate
Min SIP AmountNot Supported
Expense Ratio0.33%
NAV₹100.65 (15 Jan 2021)
Fund Started04 Oct 2006
Fund Size8,884 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
6.1%
7.2%
7.2%
7.4%
Category Average
5.4%
6.8%
7.0%
-
Rank Within Category
4
6
6
-
*All returns are annualized.
SIP
Minimum SIP amount100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 6.1% returns per annum

Comparison

Data not available
Pros
1. Age is more than 10 years
2. Risk-adjusted returns are higher compared to the category
3. Risk is lower compared to the benchmark
4. Lower expense ratio
5. 3Y Returns are higher than the benchmark
6. Exit load is zero
7. Age is more than 10 years
8. Risk-adjusted returns are higher compared to the category
9. Lower expense ratio - 0.33%
10. 1Y Returns are higher than the category average returns
11. 3Y Returns are higher than the category average returns
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
GOISovereignGOI Sec7.8%
Reserve Bank of IndiaFinancialT-Bills5.6%
Reliance Industries Ltd.EnergyCP5.4%
Cadila Healthcare Ltd.HealthcareCP4.1%
GOISovereignGOI Sec4.0%
Apollo Tyres Ltd.AutomobileCP4.0%
Housing Development Finance Corpn. Ltd.FinancialCP3.9%
Housing Development Finance Corpn. Ltd.FinancialCP3.6%
Indusind Bank Ltd.FinancialCD3.4%
National Bank For Agriculture & Rural DevelopmentFinancialCD3.2%
See All

Fund Managers

Rahul Goswami
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Nikhil Kabra
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ICICI Prudential Money Market Dividend Fortnightly Details

ICICI Prudential Money Market Dividend Fortnightly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 04 Oct 2006. Rahul Goswami, Nikhil Kabra is the Current Fund Manager of ICICI Prudential Money Market Dividend Fortnightly fund.The fund currently has an Asset Under Management(AUM) of ₹8,884 Cr and the Latest NAV as of 15 Jan 2021 is ₹100.65.

The ICICI Prudential Money Market Dividend Fortnightly is rated Moderate risk. Minimum SIP Investment is set to 100.

Investment Objective

The scheme seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market upto 100% and debt securities upto 40%. The aim is to optimize returns while providing liquidity.

Tax Implications

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Scheme Information Document(SID)

Not Supported
Min for First Investment
Not Supported
Min for Second Investment
Nil
Exit Load

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About ICICI Prudential Mutual Fund

Address
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
Phone
022-26525000
Launch Date
13 Oct 1993
ICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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