February 8, 2025
mayank
PGIM India Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,305.8952
Weekly NAV IDCW: Rs 1,000.1978
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) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Overnight Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 27-Aug-19 |
| Return Since Launch | 5.01% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 91 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.10% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of PGIM India Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM India Overnight Dir | 0.68 | 0.02 | 0.56 | 1.65 | 3.30 | 6.70 | 6.13 | 5.00 | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.03 | 0.50 | 1.17 | 2.39 | 4.89 | 4.05 | 3.41 | — | — |
| Debt: Overnight | 0.68 | 0.02 | 0.55 | 1.64 | 3.28 | 6.68 | 6.12 | 4.96 | — | — |
| Rank within category | 15 | 17 | 13 | 18 | 12 | 19 | 17 | 3 | — | — |
| Number of funds in category | 34 | 34 | 34 | 34 | 34 | 34 | 28 | 27 | 2 | 2 |
Peer Comparison of PGIM India 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 | |
| PGIM India Overnight Dir | 3 star | 6.70 | 6.13 | 5.00 | 0.10 | 91 | 5.01 | — | 5Y 5M |
| Axis Overnight Dir | 5 star | 6.74 | 6.18 | 4.99 | 0.05 | 8,869 | 5.07 | — | 5Y 10M |
| Nippon India Overnight Dir | 4 star | 6.72 | 6.17 | 4.99 | 0.08 | 6,970 | 5.12 | — | 6Y 1M |
| Tata Overnight Dir | 4 star | 6.73 | 6.15 | 4.97 | 0.06 | 3,299 | 5.05 | — | 5Y 10M |
| HSBC Overnight Dir | 4 star | 6.71 | 6.15 | 4.98 | 0.06 | 3,087 | 5.01 | — | 5Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 4 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.67 | 6.65 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For PGIM India Overnight Fund
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