ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl

ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl is a debt fund. This fund was started on 15 November, 2018. The fund is managed by Nikhil Kabra. This fund is suitable to keep your money safe.

1. ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl has ₹12720 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl has given a CAGR return of 3.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.78%, 5.93% and 4.63% respectively.

ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 Days Tbill Red 24-04-2025, 364 DTB 18042025, 91 Days Tbill, 91 DTB 17042025, 364 Days Tbill (Md 08/05/2025)

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 for lump sum payment is INR 100.00 and for SIP is INR 500.00. ICICI Prudential Overnight Fund Direct Daily Reinvestment of Income Distribution cum Cap wdrl has no lock in period.