3 Year return
5.35%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Low Risk
Asset Under Management
₹81.59 Cr.
Expense Ratio
0.15% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
PGIM India Mutual Fund Managers
KJ
Kunal Jain
Fund Manager since Apr 2022
Fund House Details
PGIM India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Aditya Birla Sun Life Overnight Fund Direct Monthly Payout of IDCW Payout |
5.57% |
2.5 |
ICICI Prudential Overnight Fund Direct Plan Weekly IDCW Payout |
5.55% |
2 |
UTI Overnight Fund Direct Plan Periodic IDCW Payout |
5.36% |
4.5 |
Schemes by PGIM India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Regular Dividend Payout
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Regular Dividend Reinvestment
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Monthly Dividend Payout
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Monthly Dividend Reinvestment
About PGIM India Overnight Fund Direct Plan Growth
The PGIM India Overnight Fund Direct Plan Growth is managed by PGIM India Mutual Fund. It falls within the category of "Overnight Funds." These funds primarily invest in very short-term debt instruments, with a focus on securities that have an extremely short maturity period, often just a single day. The fund is an open-ended fund. The expense ratio of the fund is lower than the category average.
Investment Objectives of the Scheme
The main objective of the PGIM India Overnight Fund Direct Plan Growth is to generate returns with a high level of safety and liquidity by investing in overnight securities. Overnight funds aim to provide investors with stability and modest returns while ensuring that investments are minimally exposed to market risks due to their short holding period.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.15% |
Fund Manager | Kunal Jain |
Fund Size | ₹81.59 Cr |
Risk Profile | Low |
Is This Scheme Right for Me?
PGIM India Overnight Fund Direct Plan Growth could be suitable for investors who are looking for a very low-risk, ultra-short-term investment option that offers high liquidity. If you're seeking an alternative to parking your funds in a savings account or a liquid fund and want to minimize the impact of market fluctuations, this fund might align well with your preferences. It's particularly appealing for those who value safety and liquidity and have a short investment horizon. Before investing, it's crucial to align the fund's objectives with your own financial goals, risk tolerance, and investment horizon.
AMC Contact Details
Name | PGIM India Mutual Fund |
Launch Date | May 2010 |
Addresss | 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051 Phone No: +91 22 6159 3000 |
Contact | 1800 266 7446 |
care@pgimindia.co.in | |
Website | https://www.pgimindiamf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Invest Right, Choose the Best SIP for You
FAQs
What is today's NAV of PGIM India Overnight Fund?
What is the AUM of PGIM India Overnight Fund?
What is the expense ratio of PGIM India Overnight Fund?
What are the returns of PGIM India Overnight Fund since inception?
What is the minimum SIP amount to invest in PGIM India Overnight Fund?
How do I invest in PGIM India Overnight Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in PGIM India Overnight Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in PGIM India Overnight Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in PGIM India Overnight Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.