PGIM India Overnight Fund
DEBT
DEBT
An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk scheme.
NAV as on 19 Jan 2025
₹1301.5152
0.02%
Benchmark
Nifty 1D Rate Index
Risk
Low
AUM as on 31 Oct 2024
₹58.93 Cr
Date of Inception
27 Aug 2019
Expense Ratio (19 Jan 2025)
0.10%
Ideal Holding Period
1 Day +
₹1 Lakh invested
Over last :
5 Years
Invested as :
Lumpsum
Fund Returns
Annual Returns*
4.91%
Current Value
₹1,27,082
Benchmark Returns
4.92%
₹1,27,143
*Returns are CAGR - Compounded Annual Growth Rate
The performance provided is for Direct Plan - Growth Option.
The above returns are as on date 10 Dec 2024
Fund Returns
Annual Returns*
4.91%
Current value
₹1,27,082
Benchmark Returns*
4.92%
Current value
₹1,27,143
*Returns are CAGR - Compounded Annual Growth Rate
The performance provided is for Direct Plan - Growth Option.
The above returns are as on date 10 Dec 2024
Exit Load
Nil
Minimum Investment
SIP : ₹1,000 | Lumpsum : ₹5,000
Portfolio Holdings as on 31 Dec 2024
Asset Allocation
Cash & Cash Equivalents - 96.60%
Sovereign - 3.40%
Top holdings
REPO ISSUE DATE 31.12.2024 6.8398%
73.90 %
TREPS_RED_01.01.2025
22.69 %
Cash INR
0.01 %
364 DAYS TBILL RED 09-01-2025
2.43 %
182 DAYS TBILL RED 17-01-2025
0.97 %
Top Sectors
Others
96.60 %
Cash
0.01 %
Sovereign
3.40 %
Performance
Historical Returns
Historical Returns Calculator
Historical Returns as of December 10, 2024 with lumpsum investment of ₹10,000
PGIM India Overnight Fund
Returns ^
Value*
Nifty 1D Rate Index**
Returns ^
Value*
CRISIL 1 Year T-Bill Index#
Returns ^
Value*
7 Days
6.39%
₹
10,012 6.45 %
₹
10,012 5.55 %
₹
10,011 15 Days
6.40%
₹
10,026 6.45 %
₹
10,027 5.37 %
₹
10,022 30 Days
6.33%
₹
10,052 6.36 %
₹
10,052 5.77 %
₹
10,047 1 Year
6.74%
₹
10,675 6.77 %
₹
10,679 7.54 %
₹
10,756 3 Years
5.84%
₹
11,858 5.90 %
₹
11,878 5.97 %
₹
11,902 5 Years
4.91%
₹
12,713 4.92 %
₹
12,718 5.52 %
₹
13,087 Since Inception
4.93%
₹
12,832 4.93 %
₹
12,833 5.59 %
₹
13,257 - Date of Inception: Direct Plan: August 27, 2019.
- ^Above returns are CAGR - Compounded Annual Growth Rate.
- ** Scheme Benchmark. # Standard Benchmark. *Based on standard investment of Rs.10,000 made at the beginning of the relevant period.
- Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
- Different plans have a different expense structure. The above returns are as on December 10, 2024.
- The performance provided is for Direct Plan - Growth Option.
Fund Managers
Bhupesh Kalyani
18 years of experience
View Profile 
Puneet Pal
21 years of experience
View Profile
Fund Details
Investment Objective
The Scheme aims 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. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Fund Type
An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk scheme.
Investment Strategy
The scheme invests in overnight securities with maturity of one day. Investors looking for low risk, alternate investment avenues to park idle surplus funds for very short term, to manage their short-term liquidity needs should look at investing in this fund.
Treasury bills, Government securities, (Tri Party Repo), Debt (Only PSU, PFI and other Quasi-Government bodies) and money market instruments* with maturity on or before the next business day: 0% - 100%.
(*Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.)
The scheme will limit the investments into debt instruments with 1 day residual maturity only to Government securities, SDLs, PSUs, PFIs and other Quasi-Government papers.
About PGIM India Overnight Fund
No records available
Frequently Asked Questions
No records available
Fund Documents
KIM
SID
Scheme Summary Document
Product Literature
Fund Dashboard
Riskometer
This product is suitable for investors who are seeking*:
- Income over a short-term investment horizon
- Investment in debt and money market instruments having maturity of up to 1 business day
- Degree of risk – Low
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Scheme Riskometer
The risk of the scheme is Low
Benchmark Riskometer
Nifty 1D Rate Index
The risk of the Benchmark is
Low
The risk of the Benchmark is
Low
Nifty 1D Rate Index
The risk of the Benchmark is Low
The risk of the Benchmark is Low
Potential Risk Class
Credit Risk
Interest Rate Risk
Relatively Low
(Class A)
(Class A)
Moderate
(Class B)
(Class B)
Relatively High
(Class C)
(Class C)
Relatively Low (Class I)
A-I
Moderate (Class II)
Relatively High (Class III)
A-I is the potential risk class matrix of PGIM India Overnight Fund based on interest rate & credit risk.
A Potential Risk Class matrix consists of parameters based on maximum interest rate risk (measured by Macaulay Duration (MD) of the scheme) and maximum credit risk (measured by Credit Risk Value (CRV) of the scheme).
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