Overview
PGIM India Overnight Fund Direct Growth
DHFL Pramerica 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 PGIM India 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
₹ 1322.21
Fund Size (AUM)
₹ 29 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
27 August 2019
Expense Ratio
0.1%
Exit Load
Nil
Benchmark
NIFTY 1D Rate Index
Standard Deviation
0.23
History
Performance & Ratios
1-Year SIP Return
6.57%
3-Year SIP Return
6.6%
5-Year SIP Return
5.91%
Mean Return
-
Alpha
0.91
Beta
0.46
Sharpe Ratio
-0.17
Sortino Ratio
-0.16
Information Ratio
7.88
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.62% | 6.33% | 5.09% | 2034.89% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 7 | 17 | 4 | N/A |
Holdings (1)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 15.22% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | ₹ 6,348 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | ₹ 4,738 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | ₹ 5,253 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | ₹ 1,367 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | ₹ 139 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
PGIM India Mutual Fund
DHFL Pramerica Mutual Fund started their mutual fund on 13/05/2010 and its managing total assets of ₹25,191 Cr. Its ranked at 15 as per total assets at end of 30th Sep 2017. PGIM India 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.
DHFL was established in the year 1984 and it aimed to provide financial access to the middle and lower income strata of the society. Today, it is one of the most trusted and leading financial brands in India.
When it comes to the mutual fund space, this AMC provides funds across various categories and its main vision is financial inclusion, which means that their motto is to bring financial awareness to people in remote cities and towns. DHFL is therefore present in 351 locations across the country.
DHFL Pramerica Trustees Private Limited acts as the trustee company of DHFL Pramerica Mutual Fund and makes sure that all transactions are in accordance with the rules and regulations set-up by SEBI.
Launch Date
13 May 2010
Total AUM
₹ 23,865 Cr
Address
7th Floor, Radhe Empire,Chandavarkar RoadBorivali (W), Mumbai Mumbai 400092
Phone
+91 22 6159 5441 / 42
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
Compare with Another Fund
PGIM India Overnight Fund Direct Growth
DHFL Pramerica Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for PGIM India 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 PGIM India Overnight Fund Direct Growth?
The top stocks held by PGIM India Overnight Fund Direct Growth include Reserve Bank of India.
Which industries does PGIM India Overnight Fund Direct Growth invest in?
PGIM India Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who are the fund managers of PGIM India Overnight Fund Direct Growth?
The fund managers of PGIM India Overnight Fund Direct Growth are Puneet Pal and Bhupesh Kalyani.
How many years has the fund manager been managing PGIM India Overnight Fund Direct Growth?
Puneet Pal has been managing the fund for 2 years.
Bhupesh Kalyani has been managing the fund for 2 years.
What is the minimum investment for PGIM India Overnight Fund Direct Growth?
The minimum investment for PGIM India Overnight Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for PGIM India Overnight Fund Direct Growth?
The average 1-year return for PGIM India Overnight Fund Direct Growth is 6.57%.
What are the average 3-year returns for PGIM India Overnight Fund Direct Growth?
The average 3-year return for PGIM India Overnight Fund Direct Growth is 6.60%.
What is the expense ratio of PGIM India Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of PGIM India Overnight Fund Direct Growth is 0.1%. The average expense ratio for similar funds in the Debt is 0.09%.