3 Year return

Launched on August 2019 (5 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹81.59 Cr.

Expense Ratio

0.15% (inclusive of GST)

Exit Load



ARQ Rating

Ratings by other agencies


Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings


PGIM India Mutual Fund Managers


Kunal Jain

Fund Manager since Apr 2022

View Details

Fund House Details

PGIM India Mutual Fund

PGIM India Mutual Fund Asset management company

AUM ₹23,240.17 Cr.
No. of Schemes 67
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by PGIM India Mutual Fund

List of mutual fund schemes by AMC

About PGIM India Overnight Fund Direct Plan Growth

The PGIM India Overnight Fund Direct Plan Growth is managed by PGIM India Mutual Fund. It falls within the category of "Overnight Funds." These funds primarily invest in very short-term debt instruments, with a focus on securities that have an extremely short maturity period, often just a single day. The fund is an open-ended fund. The expense ratio of the fund is lower than the category average.

Investment Objectives of the Scheme

The main objective of the PGIM India Overnight Fund Direct Plan Growth is to generate returns with a high level of safety and liquidity by investing in overnight securities. Overnight funds aim to provide investors with stability and modest returns while ensuring that investments are minimally exposed to market risks due to their short holding period.

Key Features of The Fund

5-year return NA
Expense Ratio 0.15%
Fund Manager Kunal Jain
Fund Size ₹81.59 Cr
Risk Profile Low

Is This Scheme Right for Me?

PGIM India Overnight Fund Direct Plan Growth could be suitable for investors who are looking for a very low-risk, ultra-short-term investment option that offers high liquidity. If you're seeking an alternative to parking your funds in a savings account or a liquid fund and want to minimize the impact of market fluctuations, this fund might align well with your preferences. It's particularly appealing for those who value safety and liquidity and have a short investment horizon. Before investing, it's crucial to align the fund's objectives with your own financial goals, risk tolerance, and investment horizon.

AMC Contact Details

Name PGIM India Mutual Fund
Launch Date May 2010
Addresss 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051 Phone No: +91 22 6159 3000
Contact 1800 266 7446
Email care@pgimindia.co.in
Website https://www.pgimindiamf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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What is today's NAV of PGIM India Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of PGIM India Overnight Fund Jun 11 2024 is 1251.6501

What is the AUM of PGIM India Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of PGIM India Overnight Fund is 81.59 crore.

What is the expense ratio of PGIM India Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of PGIM India Overnight Fund is 0.15%

What are the returns of PGIM India Overnight Fund since inception?

The PGIM India Overnight Fund was launched on Aug 12 2019. The fund has delivered a CAGR of 4.79 since inception.

What is the minimum SIP amount to invest in PGIM India Overnight Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for PGIM India Overnight Fund is 1000.

How do I invest in PGIM India Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in PGIM India Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in PGIM India Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in PGIM India Overnight Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.