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2 star

ICICI Prudential Overnight Fund - Direct Plan


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 2.49 0.01 0.06 0.27 0.78 1.57 3.09 -- -- -- --
CCIL T Bill Liquidity Weight 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 -- -- -- --
Debt: Overnight 2.50 0.01 0.06 0.26 0.78 1.58 3.11 -- -- -- --
Rank within category 17 20 20 6 21 18 19 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 18-Oct-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 - Direct Plan  | Invest Now
2 star
Nov-18 3.09 -- -- 0.10% 10,076
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.11 -- -- 0.06% 2,078
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.11% 984
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11% 599
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.17 -- -- 0.12% 572

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 0.55 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 2.96 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.26 0.39 0.81 4.41 0.68 0.73
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-Sep-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 0.01 --
Yield to Maturity (%) 3.11 3.42 2.89 --
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-Sep-2021

*As on 31-Aug-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 18-Oct-2021

Growth: ₹ 112.9005

IDCW Yearly: ₹ 102.8893

More

IDCW Weekly: ₹ 100.0589

IDCW Quarterly: ₹ 100.7605

IDCW Monthly: ₹ 100.1517

IDCW Half Yearly: ₹ 101.3176

IDCW Fortnightly: ₹ 100.0344

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: 4.23%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,076 Cr (As on 30-Sep-2021)
Expense: 0.10% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Oct-20210.0255

 13-Oct-20210.0085
 12-Oct-20210.0080
 11-Oct-20210.0081
 10-Oct-20210.0082
 09-Oct-20210.0166
 07-Oct-20210.0083
 06-Oct-20210.0082
 05-Oct-20210.0081
 04-Oct-20210.0083
 03-Oct-20210.0090
 02-Oct-20210.0173
 30-Sep-20210.0086
 29-Sep-20210.0097
 28-Sep-20210.0088
 27-Sep-20210.0087
 26-Sep-20210.0086
 25-Sep-20210.0174
 23-Sep-20210.0087
 22-Sep-20210.0087
 21-Sep-20210.0087
 20-Sep-20210.0087
 19-Sep-20210.0087
 18-Sep-20210.0175
 16-Sep-20210.0087
IDCW Fortnightly14-Oct-20210.1174

 30-Sep-20210.1315
 15-Sep-20210.1313
 30-Aug-20210.1408
 13-Aug-20210.1152
 30-Jul-20210.1286
 15-Jul-20210.1284
 30-Jun-20210.1301
 15-Jun-20210.1556
 28-May-20210.1249
 14-May-20210.1223
 30-Apr-20210.1282
 15-Apr-20210.1373
 30-Mar-20210.1308
 15-Mar-20210.1541
 25-Feb-20210.0696
 15-Feb-20210.1518
 28-Jan-20210.1199
 14-Jan-20210.1198
 30-Dec-20200.1263
 15-Dec-20200.1522
 26-Nov-20200.0996
 12-Nov-20200.1186
 28-Oct-20200.1058
 15-Oct-20200.1377
IDCW Weekly11-Oct-20210.0577

 04-Oct-20210.0622
 27-Sep-20210.0608
 20-Sep-20210.0604
 13-Sep-20210.0581
 06-Sep-20210.0565
 30-Aug-20210.0580
 23-Aug-20210.0577
 16-Aug-20210.0575
 09-Aug-20210.0571
 02-Aug-20210.0596
 26-Jul-20210.0602
 19-Jul-20210.0598
 12-Jul-20210.0595
 05-Jul-20210.0603
 28-Jun-20210.0605
 21-Jun-20210.0612
 14-Jun-20210.0602
 07-Jun-20210.0603
 31-May-20210.0612
 24-May-20210.0618
 17-May-20210.0639
 10-May-20210.0607
 03-May-20210.0602
 26-Apr-20210.0596
IDCW Monthly30-Sep-20210.2548

 31-Aug-20210.2644
 30-Jul-20210.2571
 30-Jun-20210.2595
 31-May-20210.2737
 30-Apr-20210.2555
 31-Mar-20210.2953
 25-Feb-20210.2215
 28-Jan-20210.2399
 30-Dec-20200.2790
 26-Nov-20200.2183
 28-Oct-20200.2436
 29-Sep-20200.2763
 27-Aug-20200.2416
 29-Jul-20200.2495
 29-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
IDCW Quarterly11-Aug-20210.7975

 11-May-20210.7514
 11-Feb-20210.7407
 12-Nov-20200.7228
 17-Aug-20200.4852
 22-May-20200.0696
IDCW Half Yearly17-May-20211.5513

 12-Nov-20201.4361
 22-May-20202.1388
 13-Nov-20191.9385
 15-May-20191.8095
IDCW Yearly12-Nov-20203.6080

 13-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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