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  • Mutual Funds
  • ICICI Prudential Asset Management Company Limited
  • ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D)
ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D)

ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D)

DebtOvernight

100.0005

NAV (May 06)

Scripbox Opinion

Neutral

Click here for top ranked funds in overnight mutual funds.

However, Scripbox does not recommend investing in overnight mutual funds.

Overnight Funds invest in securities with a maturity of 1 day.

These investments have very low interest rate risk; however this also reduces return.

The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.

Relative Size

9,188 Cr. Large within the category

Impact of Interest Rate Changes

Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change

Credit Quality Of Fund's Portfolio

Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds

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Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

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    Historical growth rate of 6.5% per annum
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    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Scheme Information

Investment Objective

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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Low Risk

0.2 %

Expense Ratio

Nov 16, 2018

Launched (3y ago)

₹ 9,188

AUM in Crores

INF109KC1OB9

ISIN

No Lock-in

Lock-in

CRISIL Overnight Index TR INR

Benchmark

₹ 1,000

SIP Minimum

₹ 5,000

Lumpsum Min.

Fund Managers
user-avatar

Nikhil Kabra

Fund Manager

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Rahul Goswami

Fund Manager

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Rohan Maru

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

17 Years

Age

5

Track Record

Aditya Birla Sun Life Liquid (G)

Aditya Birla Sun Life Liquid (G)

Liquid

Recommended

Top Ranked

17 Years

Age

5

Track Record

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

22 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Low Duration

Recommended

Top Ranked

19 Years

Age

5

Track Record

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

18 Years

Age

5

Track Record

amc-icon

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 400,112 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 110 equity,526 debt and 64 hybrid funds.

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  • tel-amc-about
    022-26525000
  • mail-amc-about
    enquiry@icicipruamc.com
  • ICICI Prudential Savings Fund (G)

    ICICI Prudential Savings Fund (G)

    Low Duration

    Recommended

    Top Ranked

    ₹ 23,971 Cr

    Fund Size

    7.7%

    3Y returns

    ICICI Prudential Bluechip Fund (G)

    ICICI Prudential Bluechip Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 26,467 Cr

    Fund Size

    10.9%

    3Y returns

    ICICI Prudential Bluechip Fund Institutional I (G)

    ICICI Prudential Bluechip Fund Institutional I (G)

    Large Cap

    Top Ranked

    ₹ 26,467 Cr

    Fund Size

    0.2%

    3Y returns

    ICICI Prudential Savings Fund Retail Plan (G)

    ICICI Prudential Savings Fund Retail Plan (G)

    Low Duration

    Top Ranked

    ₹ 23,971 Cr

    Fund Size

    6.7%

    3Y returns

    ICICI Prudential Savings Fund of Income Dist cum Cap Wdrl (RIDCW-D)

    ICICI Prudential Savings Fund of Income Dist cum Cap Wdrl (RIDCW-D)

    Low Duration

    Top Ranked

    ₹ 23,971 Cr

    Fund Size

    5.7%

    3Y returns

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Quality Of Fund’s Portfolio

    Credit Quality Of Fund’s Portfolio

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Equity Funds

    Debt Funds

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    About ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D)

    About ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D)

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) is a overnight debt fund and has delivered an annualised return of 2.9% over a period of 3 years ..The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Nikhil Kabra, Rahul Goswami, Rohan Maru

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) Investment Objective

    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. However, there is no assurance that the objective of the scheme will be realized.

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) NAV,AUM,Risk

    The ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) fund was launched on Nov 16, 2018. The NAV (Net Asset Value) of this overnight debt as of 2021-05-06 is ₹ 100.0005. The total AUM (Asset Under Management) of the fund as of 2021-05-07 is ₹ 9187.427. The category risk of the ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) fund is Low Risk. The fund charges 0.2 % as expense ratio.

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) Holdings

    The fund’s highest allocation is towards others and has invested 100.0% in this asset class. The top three holdings of the fund are treps,reverse repo and net current assets

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) Review

    ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) has a score of 3 on a scale of 5. The fund scores 2 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Overnight Fund of Income Distribution cum Cap wdrl (RIDCW-D) has a score of 4 out of 5. The credit risk of the fund is 5 out of 5 as compared to other debt funds.

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