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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.

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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 2.91 0.01 0.06 0.27 0.80 1.60 3.15 -- -- -- --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 -- -- -- --
Debt: Overnight 2.83 0.01 0.06 0.26 0.78 1.55 3.07 -- -- -- --
Rank within category 1 4 3 4 2 2 2 -- -- -- --
Number of funds in category 28 28 28 28 28 28 28 4 3 3 3

As on 02-Dec-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  | Invest Online
5 star
Aug-19 3.15 -- -- 0.12% 286
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.11 4.49 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.09 -- -- 0.16% 757

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 3.03 11-May-2020 - 11-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 3.95 0.36 0.44 2.24 0.60 0.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.40 5.70 3.07 --
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-Oct-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:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 1,083.0206

IDCW Weekly: ₹ 1,000.7540

IDCW 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: 3.58%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 286 Cr (As on 31-Oct-2021)
Expense: 0.12% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0853

 30-Nov-20210.0851
 29-Nov-20210.0853
 28-Nov-20210.0864
 27-Nov-20210.0852
 26-Nov-20210.0855
 25-Nov-20210.0845
 24-Nov-20210.0859
 23-Nov-20210.0980
 22-Nov-20210.0949
 21-Nov-20210.0894
 20-Nov-20210.0899
 19-Nov-20210.0904
 18-Nov-20210.0867
 17-Nov-20210.0859
 16-Nov-20210.0856
 15-Nov-20210.0857
 14-Nov-20210.0870
 13-Nov-20210.0876
 12-Nov-20210.0847
 11-Nov-20210.0848
 10-Nov-20210.0860
 09-Nov-20210.0867
 08-Nov-20210.0879
 07-Nov-20210.0916
IDCW Weekly26-Nov-20210.7258

 18-Nov-20210.5424
 12-Nov-20210.7937
 03-Nov-20210.4568
 29-Oct-20210.6269
 22-Oct-20210.6838
 14-Oct-20210.5067
 08-Oct-20210.5982
 01-Oct-20210.6161
 24-Sep-20210.6130
 17-Sep-20210.6714
 09-Sep-20210.4991
 03-Sep-20210.5806
 27-Aug-20210.5848
 20-Aug-20210.5832
 13-Aug-20210.5911
 06-Aug-20210.6063
 30-Jul-20210.6043
 23-Jul-20210.6041
 16-Jul-20210.6057
 09-Jul-20210.6077
 02-Jul-20210.6079
 25-Jun-20210.6175
 18-Jun-20210.6141
 11-Jun-20210.6095

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

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

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