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ICICI Pru Overnight Fund

Dividend
DebtOvernight Fund
Large-size FundAssets Under Mgmt: ₹ 10,066 Cr
Low RiskPrinciple investment will be at low risk
100.070.01 (+0.00%)

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Investment Checklist

Returns
Net Asset Value of Mutual Fund indicates its price and is based on the current prices of the stocks/assets in the fund. NAV is used in calculating returns from your Mutual Fund investments. Return over a period is calculated as the difference in sale date NAV and purchase date NAV upon purchase date NAV and converted to percentage.

Insufficient Data

Alpha
Alpha is the measure of an investment performance on a risk-adjusted price. It compares fund's risk adjusted performance to the benchmark index by taking the volatility of the fund as a factor. It tells the excess return of the investment relative to the return of the benchmark index.

Insufficient Data

Expense Ratio
AMCs charge the investors an expense ratio to cover the fund’s operating expenses, which is expressed as a percentage of the fund’s average net assets. This directly reduces the fund’s returns to its shareholders, and, therefore, the value of the investment. Lower is always better!

Less expense ratio implies better returns over the long term

Return vs FD Rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If fund's return is lower than this rate, investors are better off investing the amount in a FD.

Insufficient Data

Red Flags
ASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Credit ratings tells about the quality of the debt instruments. Funds having stocks in ASM/GSM list, with high pledged promoter holding and debt intruments with low ratings should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market.

Credit rating of debt intruments is high and default probability is low

DebtOvernight Fund
Large-size FundAssets Under Mgmt: ₹ 10,066 Cr
Low RiskPrinciple investment will be at low risk

Key Metrics

Expense RatioExpense Ratio
0.10
Tracking ErrorTracking Error
BetaBeta
No LabelNo Label
-2.05
AlphaAlpha
No LabelNo Label
3.42

About Overnight Fund

Overnight funds are debt funds. They invest in debt securities with overnight maturities. These funds are the most liquid investment securities with the minimum exposure to risk.

Scheme Info

PlanPlan
Dividend
Lock inLock in
0 yrs
Exit LoadExit Load
0.00%
Nil
Min. SIPMin. SIP
₹ 500
Min. LumpsumMin. Lumpsum
₹ 100
Initial: ₹ 100 Incremental: ₹ 1
BenchmarkBenchmark
CRISIL Overnight Index

Tax Implications

Investment period < 3 years

Gains are added to taxable income and taxed according to the individual's income tax slab

Investment period > 3 years

Gains are taxed at 20% with indexation benefit

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment

Amt. (₹)

Expected growth rate

CAGR (%)

Investment period

Income range

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After indexation
Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it
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Invested

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Returns (0%)

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Tax (undefined%)

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You make

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AMC profile

ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICIC Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.

  • No.of Schemes

    153

  • Total AUM

    ₹ 3,99,994.37 Cr.