Should I invest in ICICI Prudential Money Market Fund Option - Monthly IDCW?

We don't give personal investment advice. ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.8%. 5-year CAGR: 0.07%.

ICICI Prudential

ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW

Latest NAV

₹101.0456

As of

16 Sep 2022

2,606 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	+0.01%	-0.01	53 / 78	Q3
1W	+0.07%	+0.16%	-0.09	65 / 77	Q4
2W	+0.18%	+0.09%	+0.09	9 / 76	Q1
1M	-0.08%	+0.09%	-0.18	69 / 75	Q4
3M	+0.03%	+0.38%	-0.35	42 / 74	Q3
6M	+0.02%	+0.73%	-0.71	38 / 75	Q3
YTD	-0.07%	+0.64%	-0.71	64 / 74	Q4
1Y	+0.07%	+1.73%	-1.66	35 / 74	Q2
2Y	+0.02%	+2.20%	-2.18	50 / 72	Q3
3Y	+0.08%	+2.30%	-2.22	40 / 67	Q3
4Y	+0.09%	+2.36%	-2.27	38 / 60	Q3
5Y	+0.07%	+2.14%	-2.07	32 / 54	Q3
7Y	+0.03%	+1.92%	-1.89	33 / 45	Q3
10Y	—	—	—	—	—
Inception	+0.04%	+1.84%	-1.80	58 / 78	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2022 YTD	-0.07%	+1.43%	-1.51	54 / 55
2021	+0.27%	+0.83%	-0.56	16 / 52
2020	+0.37%	+1.67%	-1.29	29 / 56
2019	-0.05%	+2.50%	-2.56	47 / 52
2018	-0.02%	+1.63%	-1.65	35 / 39
2017	+0.02%	+1.10%	-1.08	12 / 37
2016	-0.07%	+1.02%	-1.09	33 / 35
2015	-0.01%	-0.02%	+0.01	1 / 2
2014	0.00%	-0.01%	+0.01	1 / 2
2013	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.02%

104 windows

min -0.8% · max 1.7%

40% positive

3-Year rolling

+0.02%

80 windows

min -0.1% · max 0.3%

58% positive

5-Year rolling

+0.03%

56 windows

min 0.0% · max 0.2%

66% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+0.03%

31 windows

min 0.0% · max 0.1%

68% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.43%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.67%

Oct 2019 → Mar 2020

% positive months

47.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,063.6400	3 Jun 2026
NIPPON INDIA MONEY MARKET FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,006.2364	3 Jun 2026
SBI Savings Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹18.5990	3 Jun 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Daily IDCW	ICICI Prudential	₹100.1435	3 Jun 2026
Invesco India Money Market Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,012.2021	3 Jun 2026
Bandhan Money Market Fund -Direct Plan-Daily IDCW	Bandhan	₹10.0994	3 Jun 2026
Aditya Birla Sun Life Money Manager Fund - Direct - daily IDCW	Aditya Birla Sun Life	₹100.0200	3 Jun 2026
Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW	Franklin India	₹10.0646	3 Jun 2026
Mirae Asset Money Market Fund Direct IDCW	Mirae Asset	₹1,346.7546	3 Jun 2026
Kotak Money Market Fund - (Monthly Payout of Income Distribution cum capital withdrawal option) - Direct	Kotak	₹1,273.6788	3 Jun 2026

Recent NAVs

Date	NAV
16 Sep 2022	₹101.0456
15 Sep 2022	₹101.0391
14 Sep 2022	₹101.0281
13 Sep 2022	₹101.0327
12 Sep 2022	₹101.0228
9 Sep 2022	₹100.9799
8 Sep 2022	₹100.9659
7 Sep 2022	₹100.9519
6 Sep 2022	₹100.9368
5 Sep 2022	₹100.9164

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 16 Sep 2022, the NAV of ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW is ₹101.0456. It's a Money Market Fund from ICICI Prudential, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW has NAV history starting from 12 Mar 2013, a track record of about 13 years 2 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW is managed by ICICI Prudential. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW has delivered a absolute return of 0.07% — -1.66 pp behind the Money Market Fund category average of 1.73%. The fund ranks #35 of 74 in its category — the second (Q2) quartile.

Over the trailing 3-year window, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW has delivered a CAGR of 0.08% — -2.22 pp behind the Money Market Fund category average of 2.30%. The fund ranks #40 of 67 in its category — the third (Q3) quartile.

Over the trailing 5-year window, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW has delivered a CAGR of 0.07% — -2.07 pp behind the Money Market Fund category average of 2.14%. The fund ranks #32 of 54 in its category — the third (Q3) quartile.

₹1 lakh invested in ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW exactly 5 years ago would be worth approximately ₹100,353 today — a multiplier of 1.00×, based on the 5-year CAGR of 0.07%. The category average over the same window would have grown ₹1 lakh to ₹111,146.

A ₹10,000 monthly SIP in ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹601,039 today. That's an XIRR (money-weighted annualised return) of 0.07%.

ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹841,772 — XIRR 0.06%.

On a 5-year basis, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW ranks #32 out of 54 funds in the Money Market Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 2.14%; this fund delivered 0.07%.

The worst peak-to-trough decline ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW has experienced over the last 5-year window is 1.78% — its NAV fell from a high on 30 Jul 2019 to a low on 24 Mar 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW averaged 0.03% (best 0.23%, worst -0.05%). 66% of rolling windows ended positive.

In calendar year 2021, ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW returned 0.27% — lagging the Money Market Fund category average of 0.83% by 0.56 pp. It ranked #16 of 52 in its category that year.

ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. ICICI Prudential Money Market Fund Option - Direct Plan - Monthly IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.8%. 5-year CAGR: 0.07%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.