ICICI Prudential Money Market Fund - Cash
ICICI Prudential Mutual Fund · Best Money Market Mutual Funds
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+7.26% 3Y CAGR)NAV history
Scorecard
★★☆☆☆2/5 vs 65 of 71 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). 65 of the 71 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -0.02% · ranks 57 of 71 Money Market Funds
Volatility 1.1% vs 1.4% category avg
0.2% expense vs 0.5% category avg
65% 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
- Less volatile than its Money Market Fund peers (1.1% vs 1.4%)
- Low expense ratio (0.21%) vs the Money Market Fund average of 0.46%
Concerns
- 1-year return (-0.05%) trails the Money Market Fund average (+1.00%)
- 3-year return (-0.02%) trails the Money Market Fund average (+2.02%)
- 5-year return (-0.01%) trails the Money Market Fund average (+1.66%)
- Positive in only 65% of rolling 3-year windows
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | -0.07% | +0.02% | -0.09% |
| 3M abs | +0.08% | +0.52% | -0.44% |
| 6M abs | -0.04% | +0.67% | -0.71% |
| 1Y CAGR | -0.05% | +1.00% | -1.05% |
| 3Y CAGR | -0.02% | +2.02% | -2.04% |
| 5Y CAGR | -0.01% | +1.66% | -1.67% |
Category average across peers in Money Market Fund (70 of 71 carry a figure for at least one period), 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 71 peers in Money Market Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
233 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
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 | -0.06% | |
| 2025 | -0.01% | |
| 2024 | -0.02% | |
| 2023 | -0.02% | |
| 2022 | +0.06% | |
| 2021 | +0.01% | |
| 2020 | +0.06% | |
| 2019 | +0.41% | |
| 2018 | +0.09% | |
| 2017 | +0.04% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
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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 Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of ICICI Prudential Money Market Fund - Cash?
As of 20 Aug 2026, the NAV of ICICI Prudential Money Market Fund - Cash is ₹100.69 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 -0.05% over 1 year, -0.02% per year over 3 years, -0.01% per year over 5 years and +0.03% 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 0.21% 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?
Its largest holdings are AXIS BANK LIMITED CD 13JAN27 (3.9%), 182 Days Tbill (MD 17/12/2026) (3.5%), GOVERNMENT OF INDIA 37705 091 DAYS TBILL 29OT26 FV RS 100 (3.1%), HDFC BANK LIMITED CD 22JAN27 (3.0%) and BANK OF BARODA CD 25JAN27 (2.6%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Money Market Fund - Cash?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -1.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -5.82 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Money Market Fund - Cash's -5.82 means it has not compensated investors for its volatility over the window. Higher is better.
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 Nikhil Kabra and Manish Banthia 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.