Overview
ICICI Prudential Overnight Fund Direct Growth
ICICI Prudential Mutual Fund
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.
Investments in ICICI Prudential Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1380.6364
Fund Size (AUM)
₹7680.7 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 100
SIP: ₹500
Launch Date
15-Nov-2018
Expense Ratio
0.1%
Exit Load
Nil
Benchmark
CRISIL Liquid Overnight Index
Standard Deviation
0.24
History
Performance & Ratios
1-Year SIP Return
6.54%
3-Year SIP Return
6.59%
5-Year SIP Return
5.89%
Mean Return
-
Alpha
0.9
Beta
0.45
Sharpe Ratio
-0.19
Sortino Ratio
-0.18
Information Ratio
7.67
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.59% | 6.33% | 5.05% | 5.62% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 21 | 19 | 18 | N/A |
Holdings (5)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 2.27% |
| Reserve Bank of India | Financial | T-Bills | 1.95% |
| Reserve Bank of India | Financial | T-Bills | 0.97% |
| Reserve Bank of India | Financial | T-Bills | 0.97% |
| Reserve Bank of India | Financial | T-Bills | 0.65% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1
Min Installments: 2
AMC Details
Asset Management Company
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund started their mutual fund on 13/10/1993 and its managing total assets of ₹2,79,369 Cr. Its ranked at 1 as per total assets at end of 30th Sep 2017. ICICI Prudential Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
ICICI Prudential is one of the most popular mutual fund investment companies in India.
It is the second largest asset management company (AMC) in the country (as per average assets under management as on 31 December 2018 of Rs. 316,029 Crores
ICICI Prudential AMC's plans to bridge the gap between savings & investments to help create long term wealth & value for investors through innovation, consistency & sustained risk adjusted performance. Invest in ICICI Prudential mutual fund schemes at your convenience and fulfill your long term & short term financial goals. Choose from an array of schemes according to your financial needs and investment objectives. Invest today a lump sum amount or start a systematic investment plan (SIP).
Launch Date
1993-10-12T00:00:00.939Z
Total AUM
₹ 879337.25 Cr
Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
None
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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ICICI Prudential Overnight Fund Direct Growth
ICICI Prudential Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for ICICI Prudential Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of ICICI Prudential Overnight Fund Direct Growth?
The top stocks held by ICICI Prudential Overnight Fund Direct Growth include Reserve Bank of India, Reserve Bank of India, Reserve Bank of India.
Which industries does ICICI Prudential Overnight Fund Direct Growth invest in?
ICICI Prudential Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who are the fund managers of ICICI Prudential Overnight Fund Direct Growth?
The fund managers of ICICI Prudential Overnight Fund Direct Growth are Nikhil Kabra and Darshil Dedhia.
How many years has the fund manager been managing ICICI Prudential Overnight Fund Direct Growth?
Nikhil Kabra:
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Darshil Dedhia:
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What is the minimum investment for ICICI Prudential Overnight Fund Direct Growth?
The minimum investment for ICICI Prudential Overnight Fund Direct Growth is ₹100 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for ICICI Prudential Overnight Fund Direct Growth?
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What are the average 3-year returns for ICICI Prudential Overnight Fund Direct Growth?
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What is the expense ratio of ICICI Prudential Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of ICICI Prudential Overnight Fund Direct Growth is 0.1%. The average expense ratio for similar funds in the Debt is Calculating....