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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.

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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 0.07 0.28 0.82 1.63 3.22 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.86 0.01 0.07 0.28 0.80 1.60 3.16 -- -- -- --
Rank within category 4 10 22 8 4 3 4 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 26-Nov-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 3.22 -- -- 0.07% 286
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
Edelweiss Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.14 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.22 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.22 -- -- 0.12% 508

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* 3.25 0.40 -1.53 -4.22 -- --
Debt: Overnight* 4.17 0.38 0.81 4.39 0.65 0.71
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-Oct-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 28-Nov-2021

Growth: ₹ 1,084.8474

IDCW Weekly: ₹ 1,000.1497

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: 3.67%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 286 Cr (As on 31-Oct-2021)
Expense: 0.07% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0864

 25-Nov-20210.0825
 24-Nov-20210.0900
 23-Nov-20210.1024
 22-Nov-20210.1009
 21-Nov-20210.0891
 20-Nov-20210.0894
 19-Nov-20210.0897
 18-Nov-20210.0900
 17-Nov-20210.0866
 16-Nov-20210.0894
 15-Nov-20210.0858
 14-Nov-20210.0834
 13-Nov-20210.0923
 12-Nov-20210.0891
 11-Nov-20210.0889
 10-Nov-20210.0865
 09-Nov-20210.0836
 08-Nov-20210.0898
 07-Nov-20210.0888
 06-Nov-20210.0893
 05-Nov-20210.0899
 04-Nov-20210.0905
 03-Nov-20210.0911
 02-Nov-20210.0890
IDCW Weekly26-Nov-20210.7060

 18-Nov-20210.4838
 12-Nov-20210.8471
 03-Nov-20210.4356
 29-Oct-20210.5526
 22-Oct-20210.6886
 14-Oct-20210.5533
 08-Oct-20210.6206
 01-Oct-20210.5863
 24-Sep-20210.5226
 17-Sep-20210.6741
 09-Sep-20210.5521
 03-Sep-20210.6289
 27-Aug-20210.6501
 20-Aug-20210.6385
 13-Aug-20210.6295
 06-Aug-20210.6085
 30-Jul-20210.5642
 23-Jul-20210.6659
 16-Jul-20210.6363
 09-Jul-20210.6509
 02-Jul-20210.6349
 25-Jun-20210.6456
 18-Jun-20210.6464
 11-Jun-20210.6505

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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