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.
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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. However,there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
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.
PGIM India Asset Management Private Limited manages assets worth 10,060 crores and was set up on 24 September 2008. It's current offering of mutual fund schemes includes 15 equity,133 debt and 30 hybrid 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?
Recommended
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.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund 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
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About PGIM India Overnight Fund (G)
About PGIM India Overnight Fund (G)
PGIM India Overnight Fund (G) is a overnight debt fund and has delivered an annualised return of 3.6% over a period of 2 years .The fund was previously known as DHFL Pramerica Overnight Reg Gr.The fund is managed by PGIM India Asset Management Private Limited.The fund managers are Kumaresh Ramakrishnan, Kunal Jain
PGIM India Overnight Fund (G) 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 can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns. However, there is no assurance that the objective of the scheme will be realized.
PGIM India Overnight Fund (G) NAV,AUM,Risk
The PGIM India Overnight Fund (G) fund was launched on Aug 27, 2019. The NAV (Net Asset Value) of this overnight debt as of 2021-08-01 is ₹ 1071.5763. The total AUM (Asset Under Management) of the fund as of 2021-08-02 is ₹ 212.439. The category risk of the PGIM India Overnight Fund (G) fund is Low Risk.
The fund charges 0.12 % as expense ratio.
PGIM India Overnight Fund (G) 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 clearing corporation of india ltd. and net receivables / (payables)
PGIM India Overnight Fund (G) 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.
PGIM India Overnight Fund (G) 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 Nifty 1D Rate Index.
PGIM India Overnight Fund (G) Review
PGIM India Overnight Fund (G) has a score of 3 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, PGIM India Overnight Fund (G) has a score of 2 out of 5.
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
