PGIM India Overnight Fund Direct Growth+0.01%

3.91%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

PGIM India Overnight Fund Direct Growth

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.10%
NAV1048.62 (30 Oct 2020)
Fund Started27 Aug 2019
Fund Size168 Cr

Returns

1Y
3Y*
5Y*
Since inception*
PGIM India Overnight Fund Direct Growth
3.9%
NA
NA
4.1%
Category Average
3.6%
5.0%
5.5%
-
Rank within category
2
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.9% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.04%
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 3 years
    3. Risk-adjusted returns are lower compared to the category

    Fund Managers

    addKumaresh Ramakrishnan
    Education
    Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).
    Experience
    Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.
    Funds Managed
    addKunal Jain
    Education
    Mr. Jain is a B.Com and MBA (Marketing).
    Experience
    Prior to joining PGIM India Mutual Fund, he has worked with Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.
    Funds Managed

    PGIM India Overnight Fund Direct Growth Details

    PGIM India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 27 Aug 2019. Kumaresh Ramakrishnan is the Current Fund Manager of PGIM India Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹168 Cr and the Latest NAV as of 30 Oct 2020 is ₹1048.62.

    The PGIM India Overnight Fund Direct Growth is rated Low risk.

    Investment Objective

    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.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    Not Supported
    Min for First Investment
    Not Supported
    Min for Second Investment
    Nil
    Exit Load

    Compare Funds

    PGIM India Overnight Fund Direct Growth
    VS
    search

    About PGIM India Mutual Fund

    Address
    Nirlon House, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai - 400 030
    Phone
    022-61593000
    Launch Date
    13 May 2010
    Website
    NA
    DHFL Pramerica Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Similar Funds
    Data not available