VR Logo

5 star

PGIM India 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.

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 1.41 0.01 0.06 0.28 0.81 1.58 3.14 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Overnight 1.38 0.01 0.06 0.27 0.80 1.55 3.08 -- -- -- --
Rank within category 4 2 2 3 4 4 4 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 11-Jun-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 - Direct Plan  | Invest Online
5 star
Aug-19 3.14 -- -- 0.07 155
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.08 -- -- 0.10 5,552
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.10 -- -- 0.10 920
Sundaram Overnight Fund - Direct Plan
4 star
Mar-19 3.04 -- -- 0.10 539
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.14 -- -- 0.11 455

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.10 28-Aug-2019 - 04-Sep-2019 0.04 25-Mar-2020 - 01-Apr-2020
Month 0.43 29-Aug-2019 - 28-Sep-2019 0.24 28-Oct-2020 - 27-Nov-2020
Quarter 1.27 28-Aug-2019 - 27-Nov-2019 0.75 15-Oct-2020 - 14-Jan-2021
Year 4.26 28-Aug-2019 - 27-Aug-2020 3.12 11-May-2020 - 11-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Overnight* 4.59 0.41 0.73 3.42 0.68 0.82
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 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 5.70 5.70 3.07 --
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-May-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 13-Jun-2021

Growth: ₹ 1,068.9490

IDCW Weekly: ₹ 1,000.2027

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: 3.78%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 155 Cr (As on 31-May-2021)
Expense: 0.07% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0882

 10-Jun-20210.0883
 09-Jun-20210.0877
 08-Jun-20210.0874
 07-Jun-20210.0874
 06-Jun-20210.0895
 05-Jun-20210.0892
 04-Jun-20210.0868
 03-Jun-20210.0887
 02-Jun-20210.0877
 01-Jun-20210.0871
 31-May-20210.0880
 30-May-20210.0898
 29-May-20210.0898
 28-May-20210.0865
 27-May-20210.0899
 26-May-20210.0921
 25-May-20210.0895
 24-May-20210.0914
 23-May-20210.0923
 22-May-20210.0920
 21-May-20210.0890
 20-May-20210.0902
 19-May-20210.0904
 18-May-20210.0903
IDCW Weekly11-Jun-20210.6505

 04-Jun-20210.6361
 28-May-20210.6372
 21-May-20210.6451
 14-May-20210.6535
 07-May-20210.6239
 30-Apr-20210.6082
 23-Apr-20210.5913
 16-Apr-20210.5289
 09-Apr-20210.7485
 31-Mar-20210.4070
 26-Mar-20210.5967
 19-Mar-20210.6057
 12-Mar-20210.5774
 05-Mar-20210.5970
 26-Feb-20210.6401
 18-Feb-20210.4557
 12-Feb-20210.5744
 05-Feb-20210.6002
 29-Jan-20210.6186
 22-Jan-20210.5865
 15-Jan-20210.5882
 08-Jan-20210.5625
 01-Jan-20210.5941
 24-Dec-20200.5056

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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM