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Unrated

ICICI Prudential Overnight Fund - Direct Plan


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 1.93 0.01 0.06 0.24 0.73 1.77 4.34 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 -- -- -- --
Debt: Overnight 1.97 0.01 0.06 0.24 0.76 1.81 4.39 -- -- -- --
Rank within category 22 21 22 11 25 21 15 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

As on 13-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 - Direct Plan  | Invest Now
Unrated
Nov-18 4.34 -- -- 0.10 10,011
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.33 5.51 5.89 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.37 5.55 6.02 0.11 13,825
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.40 -- -- 0.10 7,621
UTI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.43 5.26 6.32 0.05 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 0.55 (01-Mar-2019 - 02-Apr-2019) 0.18 (23-Mar-2020 - 22-Apr-2020)
Quarter 1.60 (22-Nov-2018 - 22-Feb-2019) 0.67 (23-Mar-2020 - 22-Jun-2020)
Year 5.93 (16-Nov-2018 - 17-Nov-2019) 4.36 (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* 5.40 0.33 0.38 0.38 0.25 0.41
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:


0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 108.6249

Dividend Yearly: ₹ 102.5643

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Dividend Weekly: ₹ 100.0584

Dividend Quarterly: ₹ 100.3761

Dividend Monthly: ₹ 100.1159

Dividend Half Yearly: ₹ 100.4149

Dividend Fortnightly: ₹ 100.1158

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: 5.11%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,011 Cr (As on 30-Jun-2020)
Expense: 0.10% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily11-Jul-20200.0167

 09-Jul-20200.0083
 08-Jul-20200.0084
 07-Jul-20200.0084
 06-Jul-20200.0083
 05-Jul-20200.0084
 04-Jul-20200.0165
 02-Jul-20200.0082
 01-Jul-20200.0080
 30-Jun-20200.0081
 29-Jun-20200.0081
 28-Jun-20200.0078
 27-Jun-20200.0149
 25-Jun-20200.0074
 24-Jun-20200.0053
 23-Jun-20200.0064
 22-Jun-20200.0079
 21-Jun-20200.0081
 20-Jun-20200.0159
 18-Jun-20200.0079
 17-Jun-20200.0077
 16-Jun-20200.0077
 15-Jun-20200.0078
 14-Jun-20200.0078
 13-Jun-20200.0158
Dividend Weekly06-Jul-20200.0559

 29-Jun-20200.0497
 22-Jun-20200.0551
 15-Jun-20200.0562
 08-Jun-20200.0590
 01-Jun-20200.0569
 25-May-20200.0522
 18-May-20200.0509
 11-May-20200.0627
 04-May-20200.0637
 27-Apr-20200.0533
 20-Apr-20200.0568
 13-Apr-20200.0543
 06-Apr-20200.0259
 30-Mar-20200.0184
 23-Mar-20200.0620
 16-Mar-20200.0647
 09-Mar-20200.0654
 02-Mar-20200.0655
 24-Feb-20200.0675
 17-Feb-20200.0664
 10-Feb-20200.0666
 03-Feb-20200.0666
 27-Jan-20200.0676
 20-Jan-20200.0664
Dividend Fortnightly29-Jun-20200.1048

 15-Jun-20200.1489
 28-May-20200.1077
 14-May-20200.1287
 29-Apr-20200.1089
 15-Apr-20200.0980
 30-Mar-20200.1172
 12-Mar-20200.1314
 27-Feb-20200.1336
 13-Feb-20200.1424
 29-Jan-20200.1347
 15-Jan-20200.1400
 30-Dec-20190.1293
 16-Dec-20190.1673
 28-Nov-20190.1348
 14-Nov-20190.1520
 29-Oct-20190.1326
 15-Oct-20190.1845
 26-Sep-20190.1144
 15-Sep-20190.1733
 29-Aug-20190.1632
 13-Aug-20190.1493
 30-Jul-20190.1651
 15-Jul-20190.2015
 27-Jun-20190.1543
Dividend Monthly29-Jun-20200.2538

 28-May-20200.2366
 29-Apr-20200.2069
 30-Mar-20200.2488
 27-Feb-20200.2764
 29-Jan-20200.2750
 30-Dec-20190.2968
 28-Nov-20190.2872
 29-Oct-20190.3174
 26-Sep-20190.2880
 29-Aug-20190.3237
 29-Jul-20190.3560
 27-Jun-20190.3238
 29-May-20190.3471
 29-Apr-20190.3847
 28-Mar-20190.3512
 27-Feb-20190.3506
 30-Jan-20190.4137
 30-Dec-20180.3907
 29-Nov-20180.0501
Dividend Half Yearly22-May-20202.1388

 13-Nov-20191.9385
 15-May-20191.8095
Dividend Quarterly22-May-20200.0696
Dividend Yearly13-Nov-20191.1007

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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