ICICI Prudential Overnight Fund Direct Growth
About the Fund
ICICI Prudential Overnight Fund Direct Growth is a debt fund. This fund was started on 15 November, 2018. The fund is managed by Rohan Maru. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Overnight Fund Direct Growth has ₹11421 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
ICICI Prudential Overnight Fund Direct Growth has given a CAGR return of 4.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.80%, 5.52% and 4.78% respectively.
Holdings
ICICI Prudential Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 DTB 25072024, 182 DTB 18072024, 191 DTB 19072024, 182 DTB 26102024, 91 DTB 02082024
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of ICICI Prudential Overnight Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 500.00. ICICI Prudential Overnight Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.1% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹11421 Cr |
| Inception Date | 15 November, 2018 |
| Min Lumpsum/SIP | ₹100/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 157.58% |
| Risk |   Low Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 91 DTB 25072024 | 1.31% | 0% | |
182 DTB 18072024 | 1.09% | 0% | |
182 DTB 26102024 | 0.44% | 0% | |
191 DTB 19072024 | 0.44% | 0% | |
91 DTB 02082024 | 0.44% | 0% |
Mutual Fund Insights
ICICI Prudential Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹11421 Cr
Expense Ratio 0.1%
Frequently Asked Questions
ICICI Prudential Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.3% | 3.3% |
1 Year Returns | 6.8% | 6.8% |
3 Years Returns | 17.5% | 5.52% |
5 Years Returns | 26.32% | 4.78% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |