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Unrated

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 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 1.85 0.01 0.06 0.23 0.72 1.73 4.27 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Overnight 1.89 0.01 0.06 0.23 0.74 1.77 4.29 -- -- -- --
Rank within category 21 21 24 21 23 22 13 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 10-Jul-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
Unrated
Nov-18 4.27 -- -- 0.20 10,011
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.25 5.43 5.82 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.32 5.48 5.92 0.18 13,825
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.29 -- -- 0.22 7,621
UTI Overnight Fund - Regular Plan  | Invest Online
Unrated
Dec-03 4.36 5.18 6.20 0.12 6,556

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) 4.25 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) -- 0.01 0.01 --
Yield to Maturity (%) 3.19 6.15 0.90 --

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-2020

*As on 31-May-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:

— 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:


0.02%

Change from previous, NAV as on 12-Jul-2020

Growth: ₹ 108.4360

Dividend Yearly: ₹ 102.4900

More

Dividend Weekly: ₹ 100.0486

Dividend Quarterly: ₹ 100.3918

Dividend Monthly: ₹ 100.1040

Dividend Half Yearly: ₹ 100.3943

Dividend Fortnightly: ₹ 100.1041

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: 5.01%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,011 Cr (As on 30-Jun-2020)
Expense: 0.20% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily11-Jul-20200.0162

 09-Jul-20200.0080
 08-Jul-20200.0081
 07-Jul-20200.0081
 06-Jul-20200.0080
 05-Jul-20200.0082
 04-Jul-20200.0159
 02-Jul-20200.0079
 01-Jul-20200.0077
 30-Jun-20200.0078
 29-Jun-20200.0079
 28-Jun-20200.0075
 27-Jun-20200.0143
 25-Jun-20200.0071
 24-Jun-20200.0050
 23-Jun-20200.0061
 22-Jun-20200.0077
 21-Jun-20200.0078
 20-Jun-20200.0153
 18-Jun-20200.0077
 17-Jun-20200.0074
 16-Jun-20200.0075
 15-Jun-20200.0075
 14-Jun-20200.0075
 13-Jun-20200.0153
Dividend Weekly06-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
 13-Apr-20200.0524
 06-Apr-20200.0241
 30-Mar-20200.0170
 23-Mar-20200.0607
 16-Mar-20200.0635
 09-Mar-20200.0643
 02-Mar-20200.0643
 24-Feb-20200.0660
 17-Feb-20200.0650
 10-Feb-20200.0653
 03-Feb-20200.0652
 27-Jan-20200.0662
 20-Jan-20200.0655
Dividend Fortnightly29-Jun-20200.1008

 15-Jun-20200.1439
 28-May-20200.1038
 14-May-20200.1254
 29-Apr-20200.0677
Dividend Monthly29-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 Half Yearly22-May-20200.1948
Dividend Quarterly22-May-20200.9063

 13-Feb-20200.8441
 13-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: 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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