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2 star

ICICI Prudential Overnight Fund


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.75 0.01 0.06 0.25 0.77 1.51 2.99 -- -- -- --
CCIL T Bill Liquidity Weight 1.17 0.01 0.07 0.22 0.54 1.06 2.12 -- -- -- --
Debt: Overnight 1.76 0.01 0.06 0.25 0.77 1.52 3.02 -- -- -- --
Rank within category 21 20 25 27 22 21 21 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 30-Jul-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Overnight Fund  | Invest Now
2 star
Nov-18 2.99 -- -- 0.20 10,346
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.12 7,783
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.05 4.49 5.14 0.12 7,099
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.01 -- -- 0.19 5,273
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.04 -- -- 0.13 1,213

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.15 01-Mar-2019 - 10-Mar-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.54 01-Mar-2019 - 02-Apr-2019 0.17 23-Mar-2020 - 22-Apr-2020
Quarter 1.58 22-Nov-2018 - 22-Feb-2019 0.65 23-Mar-2020 - 22-Jun-2020
Year 5.82 16-Nov-2018 - 17-Nov-2019 2.85 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.46 0.39 -1.92 -4.74 -- --
Debt: Overnight* 4.34 0.39 0.30 1.53 0.64 0.61
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) -- 0.01 0.00 --
Yield to Maturity (%) 3.22 3.42 2.89 3.24
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2021

Fund Manager

— Nikhil Kabra since 14-Nov-2018

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— Rahul Goswami since 14-Nov-2018

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:

— Rohan Maru since 14-Nov-2018

Education: Mr. Maru is M.Com and MBA in Finance.

Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:


0.01%

Change from previous, NAV as on 30-Jul-2021

Growth: ₹ 111.8433

IDCW Yearly: ₹ 102.1299

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IDCW Weekly: ₹ 100.0331

IDCW Quarterly: ₹ 100.6742

IDCW Monthly: ₹ 100.2490

IDCW Half Yearly: ₹ 100.6207

IDCW Fortnightly: ₹ 100.1245

IDCW Daily: ₹ 100.0005


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 1
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 15-Nov-2018
Return Since Launch: 4.22%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,346 Cr (As on 30-Jun-2021)
Expense: 0.20% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Jul-20210.0082

 28-Jul-20210.0082
 27-Jul-20210.0082
 26-Jul-20210.0083
 25-Jul-20210.0083
 24-Jul-20210.0167
 22-Jul-20210.0083
 21-Jul-20210.0083
 20-Jul-20210.0083
 19-Jul-20210.0083
 18-Jul-20210.0082
 17-Jul-20210.0166
 15-Jul-20210.0083
 14-Jul-20210.0083
 13-Jul-20210.0082
 12-Jul-20210.0083
 11-Jul-20210.0083
 10-Jul-20210.0164
 08-Jul-20210.0082
 07-Jul-20210.0080
 06-Jul-20210.0083
 05-Jul-20210.0083
 04-Jul-20210.0089
 03-Jul-20210.0166
 01-Jul-20210.0082
IDCW Weekly26-Jul-20210.0583

 19-Jul-20210.0580
 12-Jul-20210.0574
 05-Jul-20210.0585
 28-Jun-20210.0586
 21-Jun-20210.0592
 14-Jun-20210.0583
 07-Jun-20210.0584
 31-May-20210.0593
 24-May-20210.0599
 17-May-20210.0620
 10-May-20210.0588
 03-May-20210.0582
 26-Apr-20210.0577
 19-Apr-20210.0577
 12-Apr-20210.0550
 05-Apr-20210.0617
 29-Mar-20210.0591
 22-Mar-20210.0589
 15-Mar-20210.0584
 08-Mar-20210.0577
 01-Mar-20210.0555
 22-Feb-20210.0444
 15-Feb-20210.0563
 08-Feb-20210.0574
IDCW Fortnightly15-Jul-20210.1241

 30-Jun-20210.1257
 15-Jun-20210.1506
 28-May-20210.1212
 14-May-20210.1184
 30-Apr-20210.1241
 15-Apr-20210.1328
 30-Mar-20210.1267
 15-Mar-20210.1491
 25-Feb-20210.0668
 15-Feb-20210.1469
 28-Jan-20210.1160
 14-Jan-20210.1156
 30-Dec-20200.1221
 15-Dec-20200.1469
 26-Nov-20200.0957
 12-Nov-20200.1140
 28-Oct-20200.1023
 15-Oct-20200.1333
 29-Sep-20200.1161
 15-Sep-20200.1509
 27-Aug-20200.1110
 13-Aug-20200.1144
 30-Jul-20200.1215
 15-Jul-20200.1278
IDCW Monthly30-Jun-20210.2513

 31-May-20210.2653
 30-Apr-20210.2472
 31-Mar-20210.2859
 25-Feb-20210.2138
 28-Jan-20210.2319
 30-Dec-20200.2697
 26-Nov-20200.2103
 28-Oct-20200.2357
 29-Sep-20200.2672
 27-Aug-20200.2336
 29-Jul-20200.2412
 29-Jun-20200.2451
 28-May-20200.2286
 29-Apr-20200.1987
 30-Mar-20200.2425
 27-Feb-20200.2706
 29-Jan-20200.2690
 30-Dec-20190.2906
 28-Nov-20190.2812
 29-Oct-20190.3109
 26-Sep-20190.2824
 29-Aug-20190.3177
 29-Jul-20190.3497
 27-Jun-20190.3181
IDCW Half Yearly17-May-20211.4993

 12-Nov-20201.3900
 22-May-20200.1948
IDCW Quarterly11-May-20210.7254

 11-Feb-20210.7144
 12-Nov-20200.6975
 17-Aug-20200.6854
 22-May-20200.9063
 13-Feb-20200.8441
 13-Nov-20190.8969
 13-Aug-20191.0151
 13-May-20190.7081
IDCW Yearly12-Nov-20203.5058

 13-Nov-20191.0975

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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