ICICI Prudential Money Market Fund - Cash Option
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
This scheme has not published a NAV since 16 Sep 2022 — 4.0 years ago. It has most likely matured, merged or been wound up, so every figure below is a record of what it did up to that date, not a current price. Do not read it as a fund you can buy today.
Fund basics
Everything the NAV says
Computed from 4,587 published NAVs between 5 Oct 2006 and 16 Sep 2022 — 15.9 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Money Market Fund - Cash Option Regular | -0.07 | 0.01 | -0.03 | 0.00 | -0.02 | 0.04 | 0.06 | 0.01 | 0.04 |
| Money Market category median · 31 funds | — | — | — | 6.42 | 7.08 | 6.44 | — | 6.59 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Regular plan in Money Market — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 16 Sep 2022.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Money Market Fund - Cash Option Regular | 1.48 | -4.41 | -4.75 | — | — | -1.58 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 1.5% | 1.4% | -4.41 | -4.75 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -1.6% | 1 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 1.6% | 0.0% | -1.2% | 40% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
If you had run a SIP
₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹600,824 today, an XIRR of 0.05% a year.
XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.
How it compares in its category
Against the Money Market Regular schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Money Market Fund - Cash Option ICICI Prudential Mutual Fund · this scheme | 0.0% | — | — | 1.5% | -4.41 | -1.6% |
| UTI - Money Market Fund UTI Mutual Fund | 7.3% | — | — | 0.3% | 2.30 | -0.8% |
| Axis Money Market Fund Axis Mutual Fund | 7.3% | — | — | 0.6% | 1.28 | -1.2% |
| Aditya Birla Sun Life Money Market Fund Aditya Birla Sun Life Mutual Fund | 7.3% | — | — | 2.2% | 0.36 | -9.6% |
| Nippon India Money Market Fund Nippon India Mutual Fund | 7.3% | — | — | 0.4% | 2.08 | -0.9% |
| Tata Money Market Fund Tata Mutual Fund | 7.3% | — | — | 1.4% | 0.54 | -6.6% |
| ICICI Prudential Money Market Fund - Cash Option ICICI Prudential Mutual Fund | 7.3% | — | — | 0.4% | 1.80 | -1.2% |
| Franklin India Money Market Fund Franklin Templeton Mutual Fund | 7.2% | — | — | 0.5% | 1.40 | -1.2% |
| Kotak Money Market Fund Kotak Mahindra Mutual Fund | 7.2% | — | — | 0.4% | 2.10 | -0.8% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Money Market scheme is
Money-market instruments maturing within a year.
Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
Who it suits. Conservative parking for up to a year.
How long money should stay. Up to 1 year.
Questions people ask
What is the NAV of ICICI Prudential Money Market Fund - Cash Option — —?
₹100.6605 as on 16 Sep 2022, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of ICICI Prudential Money Market Fund - Cash Option?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Money-market instruments maturing within a year. Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
How long should money stay in it?
Typically Up to 1 year. Conservative parking for up to a year.