PGIM India Overnight Fund - Regular Plan - Daily Dividend Option
Fund House: PGIM India Mutual Fund| Category: Debt: Overnight |
| Launch Date: 27-08-2019 |
| Asset Class: Fixed Income |
| Benchmark: NIFTY 1D Rate TRI |
| Expense Ratio: 0.15% As on (30-04-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 155.14 Cr As on (30-04-2023) |
| Turn over: - | Exit Load: Nil |
1000.0
0 (0.0%)
4.25%
Benchmark: 6.31%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
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.
Current Asset Allocation (%)
Indicators
| Standard Deviation | |
| Sharpe Ratio | |
| Alpha | |
| Beta | |
| Yield to Maturity | 6.87 |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| PGIM India Overnight Fund - Regular Plan - Daily Dividend Option | 27-08-2019 | 6.11 | 5.02 | 4.51 | - | - |
| BANK OF INDIA Overnight Fund Regular Plan Growth | 05-01-2020 | 5.98 | 4.7 | 4.16 | - | - |
| Axis Overnight Fund - Regular Plan - Growth Option | 01-03-2019 | 5.92 | 4.63 | 4.1 | - | - |
| Baroda BNP Paribas Overnight Fund - Regular Plan - Growth | 25-04-2019 | 5.89 | 4.6 | 4.08 | - | - |
| Canara Robeco Overnight Fund - Regular Plan - Growth Option | 05-07-2019 | 5.89 | 4.61 | 4.09 | - | - |
| UTI - Overnight Fund - Regular Plan - Growth Option | 09-12-2003 | 5.88 | 4.6 | 4.07 | 4.63 | 6.06 |
| TRUST MF OVERNIGHT FUND-REGULAR-GROWTH | 19-01-2022 | 5.88 | - | - | - | - |
| Mirae Asset Overnight Fund Regular Plan Growth | 15-10-2019 | 5.87 | 4.6 | 4.09 | - | - |
| Nippon India Overnight Fund - Regular Plan - Growth Option | 17-12-2018 | 5.87 | 4.58 | 4.04 | - | - |
| DSP Overnight Fund - Regular Plan - Growth | 05-01-2019 | 5.87 | 4.59 | 4.06 | - | - |
Scheme Characteristics
Investment in overnight securities having maturity of 1 day.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
100.0%
Scheme Documents
Tax Benefits of investing in this fund
Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.
Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:
Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.
In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.
Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.
