DebtMoney Market FundRegularGrowthLow

ICICI Prudential Money Market Fund - Cash

Q: What is the NAV of ICICI Prudential Money Market Fund - Cash?

As of 01 Oct 2026, the NAV of ICICI Prudential Money Market Fund - Cash is ₹410.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Money Market Fund - Cash delivered?

ICICI Prudential Money Market Fund - Cash has returned +6.36% over 1 year, +7.25% per year over 3 years, +6.59% per year over 5 years and +7.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash charges an expense ratio of 0.32% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash's largest holdings are Axis Bank Ltd. (3.5%), 182 Days Treasury Bills (3.4%), HDFC Bank Ltd. (2.9%), Bank Of Baroda (2.5%) and 91 Days Treasury Bills (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -1.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is managed by Manish Banthia and Nikhil Kabra at ICICI Prudential.

Q: How is ICICI Prudential Money Market Fund - Cash taxed?

ICICI Prudential Money Market Fund - Cash is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

ICICI Prudential Mutual Fund · Best Money Market Mutual Funds

NAV

₹410.87

+0.04% 1D

as of 01 Oct 2026

This is the Regular plan of ICICI Prudential Money Market Fund - Cash — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.38%CAGR

52-week rangePrev NAV ₹410.72

Latest ₹410.87

Low ₹386.31100th percentile of its 52-week rangeHigh ₹410.87

Scorecard

★★★☆☆3/5 vs 25 of 27 Money Market Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option). 25 of the 27 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +7.25% · ranks 6 of 24 Money Market Funds

RiskModerate

Volatility 0.4% vs 0.4% category avg

CostLow

0.3% expense vs 0.4% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.32%) vs the Money Market Fund average of 0.44%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.32%

Category 0.44%▼0.12%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY Money Market Index A-I

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.51%

Absolute return over the last 3 months (not annualized)

+1.57%

Absolute return over the last 6 months (not annualized)

+3.54%

Absolute return since 1 Jan of this year (not annualized)

+4.82%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.36%

3-year annualized return (CAGR)

+7.25%

5-year annualized return (CAGR)

+6.59%

10-year annualized return (CAGR)

+6.59%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+7.11%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.43%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-1.23%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.51%	+0.49%	+0.02%
3M abs	+1.57%	+1.51%	+0.06%
6M abs	+3.54%	+3.47%	+0.07%
1Y CAGR	+6.36%	+6.21%	+0.15%
3Y CAGR	+7.25%	+6.98%	+0.27%
5Y CAGR	+6.59%	+6.31%	+0.28%

Category average across peers in Money Market Fund (up to 27 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 27 peers in Money Market Fund

1Y return

+6.36%

Beats 62.5% · rank #10

3Y return

+7.25%

Beats 78.3% · rank #6

5Y return

+6.59%

Beats 68.4% · rank #7

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.13L

Absolute

+18.84%

XIRR

+7.06%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Money Market Fund - Cash, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.82%
2025	+7.43%
2024	+7.74%
2023	+7.36%
2022	+4.73%
2021	+3.69%
2020	+6.22%
2019	+7.88%
2018	+7.66%
2017	+6.66%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

5,723

Expense ratio

0.32%

YTM (from holdings)

6.77%

Average maturity

157 days

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Money Market Fund

Compare all


ICICI Prudential Money Market Fund - CashThis fund ICICI Prudential · Regular · Growth	★★★☆☆	+6.36%	+7.25%	+6.59%	—	—	—
UTI - Money Market Fund UTI · Regular · Growth	★★★★★	+6.42%	+7.29%	+6.67%	—	0.29%	₹564.74Cr
Axis Money Market Fund Axis · Regular · Growth	★★★★☆	+6.42%	+7.28%	+6.62%	—	0.35%	₹19,509Cr
Aditya Birla Sun Life Money Market Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+6.39%	+7.27%	+6.64%	—	0.37%	—
Tata Money Market Fund Tata · Regular · Growth	★★★★☆	+6.38%	+7.25%	+6.61%	—	0.40%	₹34,494Cr
Nippon India Money Market Fund Nippon India · Regular · Growth	★★★★★	+6.34%	+7.25%	+6.65%	—	0.39%	₹21,540Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt100.04%
Other0.25%

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaManaging since 12 Jun 2023

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (25)

All schemes Manish Banthia runs →

NKNikhil KabraManaging since 03 Aug 2016

Role

Fund Manager – Fixed Income

Total experience

Over 11 years

Education

Chartered Accountant, B.Com and Chartered Financial Analyst (CFA)

Experience

Mr. Nikhil Kabra is associated with ICICI Prudential Asset Management Company Limited since September 2013. Past Experience: ~ Sumedha Fiscal Services Limited from ICICI Prudential Money Market Fund October 2012 to September 2013. ~ Haribhakti & Co. from September 2010 to October 2012

Funds managed (11)

All schemes Nikhil Kabra runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Manish Banthia Nikhil Kabra

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Money Market funds

Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.

Frequently asked questions

What is the NAV of ICICI Prudential Money Market Fund - Cash?

As of 01 Oct 2026, the NAV of ICICI Prudential Money Market Fund - Cash is ₹410.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Money Market Fund - Cash delivered?

ICICI Prudential Money Market Fund - Cash has returned +6.36% over 1 year, +7.25% per year over 3 years, +6.59% per year over 5 years and +7.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

ICICI Prudential Money Market Fund - Cash charges an expense ratio of 0.32% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash's largest holdings are Axis Bank Ltd. (3.5%), 182 Days Treasury Bills (3.4%), HDFC Bank Ltd. (2.9%), Bank Of Baroda (2.5%) and 91 Days Treasury Bills (2.4%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -1.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Money Market Fund - Cash?

ICICI Prudential Money Market Fund - Cash is managed by Manish Banthia and Nikhil Kabra at ICICI Prudential.

How is ICICI Prudential Money Market Fund - Cash taxed?

ICICI Prudential Money Market Fund - Cash is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.