VR Logo

5 star

PGIM India Overnight Fund - Regular 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.52 0.01 0.06 0.22 0.73 1.47 3.12 -- -- -- --
CCIL T Bill Liquidity Weight 0.32 0.01 0.03 0.17 0.45 1.03 2.75 -- -- -- --
Debt: Overnight 0.51 0.01 0.06 0.22 0.73 1.45 2.99 -- -- -- --
Rank within category 7 30 19 5 9 8 4 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 3 3 3 3

As on 05-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Overnight Fund - Regular Plan
5 star
Aug-19 3.12 -- -- 0.20 285
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.04 -- -- 0.12 6,875
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.02 4.84 5.64 0.12 6,043
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.00 -- -- 0.19 5,278
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.13 -- -- 0.19 2,037

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.10 01-Sep-2019 - 08-Sep-2019 0.04 25-Mar-2020 - 01-Apr-2020
Month 0.42 30-Aug-2019 - 29-Sep-2019 0.23 28-Oct-2020 - 27-Nov-2020
Quarter 1.24 28-Aug-2019 - 27-Nov-2019 0.72 15-Oct-2020 - 14-Jan-2021
Year 4.15 28-Aug-2019 - 27-Aug-2020 3.12 05-Mar-2020 - 05-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.68 0.37 -2.46 -5.24 -- --
Debt: Overnight* 4.63 0.40 0.05 0.10 0.62 0.60
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 28-Feb-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.34 5.04 2.50 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 31-Jan-2021

Fund Manager

— Kumaresh Ramakrishnan since 12-Aug-2019

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:

— Kunal Jain since 12-Aug-2019

Education: Mr. Jain is a B.Com and MBA (Marketing).

Experience: Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.

Funds Managed:


--

Change from previous, NAV as on 07-Mar-2021

Growth: ₹ 1,058.0330

Dividend Weekly: ₹ 1,000.3808

Dividend Daily: ₹ 1,000.0000


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 27-Aug-2019
Return Since Launch: 3.76%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 285 Cr (As on 31-Jan-2021)
Expense: 0.20% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Mar-20210.0835

 06-Mar-20210.0834
 05-Mar-20210.0798
 04-Mar-20210.0789
 03-Mar-20210.0824
 02-Mar-20210.0817
 01-Mar-20210.0811
 28-Feb-20210.0843
 27-Feb-20210.0840
 26-Feb-20210.0804
 25-Feb-20210.0795
 24-Feb-20210.0724
 23-Feb-20210.0759
 22-Feb-20210.0740
 21-Feb-20210.0776
 20-Feb-20210.0777
 19-Feb-20210.0776
 18-Feb-20210.0750
 17-Feb-20210.0553
 16-Feb-20210.0755
 15-Feb-20210.0793
 14-Feb-20210.0820
 13-Feb-20210.0816
 12-Feb-20210.0792
 11-Feb-20210.0830
Dividend Weekly05-Mar-20210.5742

 26-Feb-20210.6075
 18-Feb-20210.4556
 12-Feb-20210.5592
 05-Feb-20210.3907
 29-Jan-20210.5872
 22-Jan-20210.5862
 15-Jan-20210.5766
 08-Jan-20210.5599
 01-Jan-20210.6245
 24-Dec-20200.5024
 18-Dec-20200.5721
 11-Dec-20200.5624
 04-Dec-20200.5537
 27-Nov-20200.5237
 20-Nov-20200.5140
 13-Nov-20200.5417
 06-Nov-20200.6291
 29-Oct-20200.4776
 23-Oct-20200.5605
 16-Oct-20200.5846
 09-Oct-20200.6779
 01-Oct-20200.5094
 25-Sep-20200.5891
 18-Sep-20200.5879

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

The freedom of investments for her

dateMonday, 08-Mar-2021
time12:30 PM - 01:00 PM