PGIM India Overnight Fund
(An open-ended debt scheme investing in overnight securities )


Key Features

Benchmark Index
NIFTY 1D Rate Index More
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Minimum Application Amount

Minimum of Rs.100/- and in multiples of Re. 1/- thereafter.

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Minimum Additional Amount
Additional Purchase - Minimum of Rs. 100/- and in multiples of Re. 1/- thereafter or 100 Units. More
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Exit Load
Nil More
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Scheme Overview

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.)

Investment Strategy

The scheme invests in overnight securities with maturity of one day. Investors looking for low risk, alternate investment avenues to park idle surplus funds for very short term, to manage their short-term liquidity needs should look at investing in this fund.
Treasury bills, Government securities, (Tri Party Repo), Debt (Only PSU, PFI and other Quasi-Government bodies) and money market instruments* with maturity on or before the next business day: 0% - 100%.
(*Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.)
The scheme will limit the investments into debt instruments with 1 day residual maturity only to Government securities, SDLs, PSUs, PFIs and other Quasi-Government papers.

Scheme Performance
Scheme Portfolio
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riskometer

This product is suitable for investors who are seeking*:

  • Income over a short-term investment horizon

  • Investment in debt and money market instruments having maturity of up to 1 business day

  • Degree of risk – LOW

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors understand that their principal will be at low risk

Low

fund managers

kramakrishnan262dcbd88141670cbb71ff0200dd9738

Mr. Kumaresh Ramakrishnan

Over 20 years of experience in Fixed Income markets as Fund Manager and Analyst

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kunal_jain

Mr. Kunal Jain

Over 10 years of experience in the fund management of fixed income securities(w.e.f. January 05, 2018)

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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.


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