June 12, 2025
mayank
ICICI Prudential Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,391.5973
NAV-IDCW Weekly: Rs 1,000.2873
Suitable For Which Investors?
“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.”
Fund’s 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.
Fund Manager:
1) Darshil Dedhia
Education: Mr. Dedhia has done CA and CFA.
Experience: He has been working with ICICI Prudential Mutual Fund since 2013.
2) Nikhil Kabra
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.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 1 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Overnight Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 15-Nov-18 |
| Return Since Launch | 5.15% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 8,627 Cr |
| (As on 31-May-2025) | |
| Expense | 0.10% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of ICICI Prudential Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Overnight Dir | 2.74 | 0.01 | 0.48 | 1.50 | 3.11 | 6.46 | 6.41 | 5.13 | — | — |
| CCIL T Bill Liquidity Weight | 2.57 | -0.01 | 0.60 | 1.60 | 2.72 | 5.29 | 4.52 | 3.52 | — | — |
| Debt: Overnight | 2.72 | 0.01 | 0.48 | 1.49 | 3.09 | 6.45 | 6.41 | 5.13 | — | — |
| Rank within category | 20 | 19 | 25 | 20 | 20 | 21 | 19 | 18 | — | — |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of ICICI Prudential Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ICICI Pru Overnight Dir | 3 star | 6.46 | 6.41 | 5.13 | 0.10 | 8,627 | 5.15 | — | 6Y 6M |
| Axis Overnight Dir | 5 star | 6.53 | 6.46 | 5.18 | 0.06 | 8,726 | 5.13 | — | 6Y 2M |
| ABSL Overnight Dir | 4 star | 6.48 | 6.43 | 5.15 | 0.08 | 7,174 | 5.18 | — | 6Y 7M |
| Kotak Overnight Dir | 4 star | 6.49 | 6.43 | 5.15 | 0.08 | 6,261 | 5.13 | — | 6Y 4M |
| Nippon India Overnight Dir | 4 star | 6.51 | 6.45 | 5.16 | 0.08 | 5,781 | 5.18 | — | 6Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 3 |
| Macaulay Duration (yrs) | 0.00 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 6.21 | 6.07 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Overnight Fund
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