Neutral
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.
Track Record
1 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.
Relative Size
10,059 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
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
No single fund can achieve what a plan can. Learn why
Scheme Information
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
Low Risk
0.2 %
Expense Ratio
Feb 13, 2020
Launched (1y ago)
₹ 10,059
AUM in Crores
INF109KC1OL8
ISIN
No Lock-in
Lock-in
CRISIL Overnight Index TR INR
Benchmark
₹ 1,000
SIP Minimum
₹ 5,000
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
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.
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
Comparison with Debt Funds
Ultra Short
Recommended
Top Ranked
17 Years
Age
Track Record
Liquid
Recommended
Top Ranked
17 Years
Age
Track Record
Ultra Short
Recommended
Top Ranked
22 Years
Age
Track Record
Low Duration
Recommended
Top Ranked
19 Years
Age
Track Record
Liquid
Recommended
Top Ranked
18 Years
Age
Track Record
About the AMC
ICICI Prudential Asset Management Company Limited
ICICI Prudential Asset Management Company Limited manages assets worth 397,926 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 104 equity,526 debt and 64 hybrid funds.
Large Cap
Recommended
Top Ranked
₹ 25,513 Cr
Fund Size
11%
3Y returns
Low Duration
Recommended
Top Ranked
₹ 26,705 Cr
Fund Size
8%
3Y returns
Large Cap
Top Ranked
₹ 25,513 Cr
Fund Size
0.2%
3Y returns
Low Duration
Top Ranked
₹ 26,705 Cr
Fund Size
6.7%
3Y returns
Low Duration
Top Ranked
₹ 26,705 Cr
Fund Size
5.8%
3Y returns
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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ICICI Prudential Overnight Fund (DP-6M) is a overnight debt fund and has delivered an annualised return of 2.2% over a period of 1 years ..The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Nikhil Kabra, Rahul Goswami, Rohan Maru
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.
The ICICI Prudential Overnight Fund (DP-6M) fund was launched on Feb 13, 2020. The NAV (Net Asset Value) of this overnight debt as of 2021-03-02 is ₹ 100.8552. The total AUM (Asset Under Management) of the fund as of 2021-03-02 is ₹ 10058.517. The category risk of the ICICI Prudential Overnight Fund (DP-6M) fund is Low Risk. The fund charges 0.2 % as expense ratio.
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 and net current assets
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.
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 (DP-6M) has a score of 2 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Overnight Fund (DP-6M) 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.