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3 star

ICICI Prudential Overnight Fund


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 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 2.51 0.01 0.06 0.26 0.74 1.42 3.75 -- -- -- --
CCIL T Bill Liquidity Weight 2.47 0.00 0.03 0.12 0.49 1.42 3.34 -- -- -- --
Debt: Overnight 2.57 0.01 0.06 0.26 0.75 1.47 3.80 -- -- -- --
Rank within category 21 12 20 10 22 24 19 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 29-Sep-2020

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
3 star
Nov-18 3.75 -- -- 0.20 8,246
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.85 4.93 5.93 0.11 7,030
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.84 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.96 -- -- 0.15 2,082
SBI Overnight Fund  | Invest Online
3 star
Oct-02 3.80 5.26 5.73 0.18 12,314

Best & Worst Performance

Best (Period) Worst (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) 3.75 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight* 4.99 0.34 -0.47 -0.63 0.38 0.30
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.05 5.39 0.90 --
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 31-Aug-2020

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:

— 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 29-Sep-2020

Growth: ₹ 109.1293

Dividend Yearly: ₹ 103.1447

More

Dividend Weekly: ₹ 100.0087

Dividend Quarterly: ₹ 100.3460

Dividend Monthly: ₹ 100.2674

Dividend Half Yearly: ₹ 101.0363

Dividend Fortnightly: ₹ 100.1163

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: 4.77%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 8,246 Cr (As on 31-Aug-2020)
Expense: 0.20% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily28-Sep-20200.0085

 27-Sep-20200.0083
 26-Sep-20200.0166
 24-Sep-20200.0083
 23-Sep-20200.0083
 22-Sep-20200.0082
 21-Sep-20200.0082
 20-Sep-20200.0082
 19-Sep-20200.0166
 17-Sep-20200.0082
 16-Sep-20200.0082
 15-Sep-20200.0083
 14-Sep-20200.0083
 13-Sep-20200.0082
 12-Sep-20200.0165
 10-Sep-20200.0082
 09-Sep-20200.0082
 08-Sep-20200.0082
 07-Sep-20200.0081
 06-Sep-20200.0080
 05-Sep-20200.0155
 03-Sep-20200.0077
 02-Sep-20200.0076
 01-Sep-20200.0076
 31-Aug-20200.0076
Dividend Weekly28-Sep-20200.0581

 21-Sep-20200.0578
 14-Sep-20200.0574
 07-Sep-20200.0540
 31-Aug-20200.0546
 24-Aug-20200.0549
 17-Aug-20200.0572
 12-Aug-20200.0571
 10-Aug-20200.0571
 03-Aug-20200.0568
 27-Jul-20200.0568
 20-Jul-20200.0564
 13-Jul-20200.0563
 06-Jul-20200.0554
 29-Jun-20200.0478
 22-Jun-20200.0531
 15-Jun-20200.0543
 08-Jun-20200.0572
 01-Jun-20200.0549
 25-May-20200.0504
 18-May-20200.0489
 11-May-20200.0608
 04-May-20200.0618
 27-Apr-20200.0513
 20-Apr-20200.0549
Dividend Fortnightly15-Sep-20200.1509

 27-Aug-20200.1110
 13-Aug-20200.1144
 30-Jul-20200.1215
 15-Jul-20200.1278
 29-Jun-20200.1008
 15-Jun-20200.1439
 28-May-20200.1038
 14-May-20200.1254
 29-Apr-20200.0677
Dividend Monthly27-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
 29-May-20190.3442
Dividend Quarterly17-Aug-20200.6854

 22-May-20200.9063
 13-Feb-20200.8441
 13-Nov-20190.8969
 13-Aug-20191.0151
 13-May-20190.7081
Dividend Half Yearly22-May-20200.1948
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: 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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