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Unrated

ICICI Prudential Overnight Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.20 0.01 0.09 0.38 1.17 2.48 5.51 -- -- -- --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 4.24 -- -- -- --
Debt: Overnight 0.21 0.01 0.09 0.38 1.18 2.48 5.45 -- -- -- --
Rank within category 22 21 19 23 20 13 6 -- -- -- --
Number of funds in category 28 29 29 28 26 19 9 3 3 3 3

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.54 (01-Mar-2019 - 02-Apr-2019) 0.36 (09-Dec-2019 - 08-Jan-2020)
Quarter 1.58 (22-Nov-2018 - 22-Feb-2019) 1.15 (10-Oct-2019 - 09-Jan-2020)
Year 5.82 (16-Nov-2018 - 17-Nov-2019) 5.54 (10-Jan-2019 - 10-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Debt: Overnight* 5.49 0.27 -1.15 -1.57 0.35 0.35
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- 0.01 0.00 --
Average Maturity (yrs) -- 0.01 0.00 --
Yield to Maturity (%) 4.93 7.17 4.83 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Dec-2019

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 this, he 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 17-Jan-2020

Growth: ₹ 106.6687

Dividend Yearly: ₹ 100.8181

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Dividend Weekly: ₹ 100.0521

Dividend Quarterly: ₹ 100.8181

Dividend Monthly: ₹ 100.2162

Dividend 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 (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 15-Nov-2018
Return Since Launch: 5.66%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,842 Cr (As on 31-Dec-2019)
Expense: 0.20% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily15-Jan-20200.0092

 14-Jan-20200.0094
 13-Jan-20200.0093
 12-Jan-20200.0092
 11-Jan-20200.0187
 09-Jan-20200.0093
 08-Jan-20200.0093
 07-Jan-20200.0092
 06-Jan-20200.0087
 05-Jan-20200.0071
 04-Jan-20200.0134
 02-Jan-20200.0067
 01-Jan-20200.0082
 31-Dec-20190.0089
 30-Dec-20190.0092
 29-Dec-20190.0087
 28-Dec-20190.0174
 26-Dec-20190.0087
 25-Dec-20190.0089
 24-Dec-20190.0090
 23-Dec-20190.0090
 22-Dec-20190.0092
 21-Dec-20190.0185
 19-Dec-20190.0092
 18-Dec-20190.0092
Dividend Weekly13-Jan-20200.0645

 06-Jan-20200.0536
 30-Dec-20190.0618
 23-Dec-20190.0647
 16-Dec-20190.0627
 09-Dec-20190.0639
 02-Dec-20190.0654
 25-Nov-20190.0665
 18-Nov-20190.0653
 11-Nov-20190.0658
 04-Nov-20190.0641
 28-Oct-20190.0650
 21-Oct-20190.0642
 14-Oct-20190.0637
 07-Oct-20190.0690
 30-Sep-20190.0694
 23-Sep-20190.0718
 16-Sep-20190.0707
 09-Sep-20190.0693
 02-Sep-20190.0699
 26-Aug-20190.0693
 19-Aug-20190.0709
 12-Aug-20190.0726
 05-Aug-20190.0744
 29-Jul-20190.0751
Dividend Monthly30-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
 29-May-20190.3442
Dividend Quarterly13-Nov-20190.8969

 13-Aug-20191.0151
 13-May-20190.7081
Dividend Yearly13-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: 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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