DEBT FUNDS
Money Market Fund - Debt Funds - ICICI Prudential

ICICI Prudential Money Market Fund

There are times when we need our money to be easily accessible and safe, for planned or unforeseen events. We can achieve this security and liquidity by depositing our funds in a bank account, but the interest that we would earn would most often than not be quite low.

ICICI Prudential Money Market Fund, an open-ended Money Market fund, offers a potentially rewarding parking facility for short-term, idle cash. It provides the flexibility of withdrawing cash as and when required, and proves to be an investment through its earnings, while it is parked in the fund.

Investment Philosophy

This debt funds objective is to enable idle cash to be deployed for very short periods of time. Therefore, it seeks to invest only in very liquid, short term instruments, of the highest credit quality. The intent is to protect the portfolio from risks of changes in value, by focusing on earning interest income, without taking undue risks. The portfolio is entirely made up for short term debt securities and manages to keep a low, but steady rate of growth in its Net Asset Value (NAV).

Key Benefits

  • It enables efficient and fruitful deployment of idle cash.
  • This plan ensures a high level of liquidity and flexibility to access cash invested at a days notice.
  • It offers a low risk option to invest in mutual funds.

This product is suitable for investors who are seeking* :

  • Short term savings solution
  • A Money Market Fund that seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Money Market Fund

Plan

Regular & Direct

Options

-

Default Option

Dividend Reinvestment with weekly frequency.

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

No exit load will be charged for redemptions/switchouts under the Scheme. The revision in exit load shall be applicable on a prospective basis to all the transactions including Systematic Investment Plan and Systematic Transfer Plan where registrations/enrolments have been done on or after the effective date. (w.e.f March 31,2015)

Redemption Cheques Issued

-

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Available

Systematic Withdrawal Plan

Not Available



Fund Manager

Rahul Goswami and Nikhil Kabra

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