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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of ICICI Prudential Money Market Fund - Retail Plan is ₹306.67 as of 2020-04-24.
ICICI Prudential Money Market Fund - Retail Plan is classified as a Money Market fund.
The minimum SIP investment for ICICI Prudential Money Market Fund - Retail Plan is ₹1,000.
As per the SEBI Riskometer, ICICI Prudential Money Market Fund - Retail Plan carries a Low To Moderate risk level.
ICICI Prudential Money Market Fund - Retail Plan was launched on 1993-10-12.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
