ICICI Prudential Money Market Fund vs UTI Banking & PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Money Market Fund is a Money Market fund and UTI Banking & PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, ICICI Prudential Money Market Fund (Direct) returned 7.3% a year and UTI Banking & PSU Debt Fund (Direct) returned 7.5% a year. ICICI Prudential Money Market Fund charges 0.21% a year and UTI Banking & PSU Debt Fund 0.24% (Direct plans). Their portfolios overlap 15.8%: they hold 12 of the same securities.
ICICI Prudential Money Market Fund
Money Market
- 3 year return
- 7.3%
- Expense ratio
- 0.21%
- NAV
- ₹417.79
UTI Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 7.5%
- Expense ratio
- 0.24%
- NAV
- ₹24.15
Which is better, ICICI Prudential Money Market or UTI Banking & PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Banking & PSU Debt returned more over 5 years: 7.8% a year against 6.7%.
- UTI Banking & PSU Debt returned more over 3 years: 7.5% a year against 7.3%.
- ICICI Prudential Money Market costs less: 0.21% a year against 0.24% (Direct plans).
- ICICI Prudential Money Market swung less over 3 years: a standard deviation of 0.4% a year against 0.8%.
- ICICI Prudential Money Market fell less in its worst fall since 06-02-2014: −1.2% against −6.7%.
- ICICI Prudential Money Market is the larger fund: ₹31,010 Cr against ₹1,448 Cr.
- Their portfolios overlap 15.8%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Money Market Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | Money Market | Banking & PSU |
| AUM | ₹31,010 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹417.79 (Direct) | ₹24.15 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.24% |
| Expense ratio (Regular) | Not available | 0.47% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | NIFTY Money Market Index A-I | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 08-03-2006 | 03-02-2014 |
| Minimum investment | ₹500 | Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs.20000, Regular Plan-Half-yearly Payout of IDCW- Rs.20000, Regular Plan-Growth- Rs.500, Direct Plan-Growth |
| Lock in | None | None |
| Fund managers | Manish Banthia, Nikhil Kabra | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Money Market Fund (Direct) | +0.33% | +1.50% | +3.30% | +6.33% | +7.29% | +6.73% | +6.68% |
| UTI Banking & PSU Debt Fund (Direct) | +0.29% | +1.41% | +3.21% | +5.74% | +7.47% | +7.79% | +6.46% |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | +6.60% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 27 Money Market funds and the 19 Banking & PSU funds, same plan type.
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Year-wise Returns
| Year | ICICI Prudential Money MarketICICI Prudential Money Market | UTI Banking & PSU DebtUTI Banking & PSU Debt |
|---|---|---|
| 2026to date | +5.25% | +4.86% |
| 2025 | +7.56% | +8.04% |
| 2024 | +7.84% | +7.92% |
| 2023 | +7.47% | +7.01% |
| 2022 | +4.85% | +10.57% |
| 2021 | +3.82% | +2.95% |
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,430 of them, one for each trading day from 06-02-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
to
Nov 2017Jul 2016
to
Jul 2019Mar 2018
to
Mar 2021Nov 2019
to
Nov 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Money Market | 0.0 | 4.7 | 95.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.4% | 4.9% | 8.4% |
| UTI Banking & PSU Debt | 0.0 | 27.4 | 72.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 7.4% | 3.5% | 10.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 06-02-2014. Past returns do not promise future returns.
ICICI Prudential Money Market vs UTI Banking & PSU Debt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-02-2014 to 30-10-2026: 153 instalments, ₹15,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Money MarketICICI Prudential Money Market Fund (Direct) | ₹15,30,000 | ₹23,92,716 | ₹8,62,716 | 6.7% |
| UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct) | ₹15,30,000 | ₹24,11,608 | ₹8,81,608 | 6.9% |
ICICI Prudential Money MarketICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.33% | +5.74% |
| Standard deviation | 0.53% | 0.65% |
| Sharpe ratio | 2.06 | 0.76 |
| Sortino ratio | 3.28 | 1.14 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.3% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.29% | +7.47% |
| Standard deviation | 0.43% | 0.75% |
| Sharpe ratio | 2.94 | 1.92 |
| Sortino ratio | 5.48 | 3.16 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.4% (13-06-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | +7.79% |
| Standard deviation | 0.40% | 2.92% |
| Sharpe ratio | 2.31 | 0.68 |
| Sortino ratio | 4.12 | 2.76 |
| Maximum drawdown | −0.2% (06-05-2022) | −1.1% (14-10-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +7.16% |
| Standard deviation | 0.49% | 2.96% |
| Sharpe ratio | 2.41 | 0.44 |
| Sortino ratio | 4.98 | 0.60 |
| Maximum drawdown | −1.2% (24-03-2020) | −6.7% (30-04-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Money Market Fund (Direct) | −1.2% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| UTI Banking & PSU Debt Fund (Direct) | −6.7% | 02-04-2019 | 30-04-2019 | 07-02-2020 | 9 months | 0.0% |
From daily values since 06-02-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Money Market Fund, September 2026; UTI Banking & PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 15.8%
- Held by both
- 12
- Only in ICICI Prudential Money Market
- 116
- Only in UTI Banking & PSU Debt
- 30
| Security | % of ICICI Prudential Money Market | % of UTI Banking & PSU Debt |
|---|---|---|
| Axis Bank Ltd. | 3.96% | 3.39% |
| HDFC Bank Ltd. | 3.08% | 3.38% |
| Union Bank Of India | 1.90% | 6.77% |
| NABARD | 1.74% | 3.38% |
| Canara Bank | 1.59% | 7.77% |
| HDFC Bank Ltd. | 1.57% | 1.68% |
| Small Industries Development Bank Of India. | 0.71% | 3.36% |
| HDFC Bank Ltd. | 1.02% | 0.67% |
| Small Industries Development Bank Of India. | 0.47% | 1.69% |
| Corporate Debt Market Development Fund (Class A2) | 0.30% | 0.26% |
| Small Industries Development Bank Of India. | 0.24% | 3.38% |
| Indian Bank | 0.16% | 3.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.8% means 15.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Money Market Fund
| Security | % of fund |
|---|---|
| 182 Days Treasury Bills | 3.98% |
| Bank Of Baroda | 3.00% |
| Small Industries Development Bank Of India. | 2.69% |
| Panatone Finvest Ltd. | 2.53% |
| IndusInd Bank Ltd. | 2.36% |
Largest holdings only in UTI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| CD - ICICI BANK LTD - 25/03/2027 | 5.02% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 3.80% |
| NCD AXIS BANK LTD. | 3.80% |
| 7.38% GSEC 20/06/2027 | 3.48% |
| 7.61% TN SDL MAT 15/02/27. | 3.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Money Market | UTI Banking & PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 105.9% | 97.2% |
| Cash and others | -5.9% | 2.8% |
ICICI Prudential Money Market vs UTI Banking & PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Money Market Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.24% |
| Base expense ratio (Direct) | 0.18% | 0.20% |
| Total expense ratio (Regular) | Not available | 0.47% |
| Base expense ratio (Regular) | 0.28% | 0.40% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Money Market with
ICICI Prudential Money Market Fund vs UTI Banking & PSU Debt Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Money Market Fund and UTI Banking & PSU Debt Fund?
ICICI Prudential Money Market Fund is a Money Market fund, UTI Banking & PSU Debt Fund is a Banking & PSU fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 15.8%. ICICI Prudential Money Market Fund charges 0.21% a year and UTI Banking & PSU Debt Fund 0.24%.
Which has given higher returns, ICICI Prudential Money Market Fund or UTI Banking & PSU Debt Fund?
Over 1 year: ICICI Prudential Money Market Fund +6.33%, UTI Banking & PSU Debt Fund +5.74%. Over 3 years: ICICI Prudential Money Market Fund +7.29% a year, UTI Banking & PSU Debt Fund +7.47% a year. Over 5 years: ICICI Prudential Money Market Fund +6.73% a year, UTI Banking & PSU Debt Fund +7.79% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Money Market Fund or UTI Banking & PSU Debt Fund?
ICICI Prudential Money Market Fund charges less: 0.21% a year against 0.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Money Market Fund and UTI Banking & PSU Debt Fund overlap?
15.8%. They hold 12 of the same securities, the largest shared ones being Axis Bank Ltd., HDFC Bank Ltd., Union Bank Of India. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Money Market Fund or UTI Banking & PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,979 in ICICI Prudential Money Market Fund (XIRR 7.1% a year) and ₹7,35,942 in UTI Banking & PSU Debt Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Money Market Fund and UTI Banking & PSU Debt Fund?
Yes. 15.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Money Market Fund and UTI Banking & PSU Debt Fund?
ICICI Prudential Money Market Fund: Manish Banthia, Nikhil Kabra. UTI Banking & PSU Debt Fund: Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.