|Min SIP Amount||₹500|
|NAV||₹100.09 (26 Oct 2020)|
|Fund Started||14 Nov 2018|
|Fund Size||₹8,340 Cr|
ICICI Prudential Overnight Fund Direct Dividend Fortnightly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 14 Nov 2018. Nikhil Kabra is the Current Fund Manager of ICICI Prudential Overnight Fund Direct Dividend Fortnightly fund.The fund currently has an Asset Under Management(AUM) of ₹8,340 Cr and the Latest NAV as of 26 Oct 2020 is ₹100.09.
The ICICI Prudential Overnight Fund Direct Dividend Fortnightly is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 100.
The Scheme seeks 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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.