PGIM India Overnight Fund Direct - Growth

Q: What are the returns of PGIM India Overnight Fund?

The PGIM India Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.07% since inception. PGIM India Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.47% 6.41% 5.15% 5.07%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1331.5+0.02% 1 day change	5.07% p.a.	#NA View Ranked Funds	₹103 Crs

Historical NAV & returns

NAV: ₹1331.5 as on Jun 05, 2025

This fund Category average

PGIM India Overnight Fund overview

Expense ratio	0.14% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹103 Crs
Lock-in	No Lockin
Age	5 yrs 9 m since Aug 12, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

PGIM India Overnight Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 01, 2025

Period	This fund	Category average
1 Month	0.46%	0.47%
3 Months	1.5%	1.49%
6 Months	3.12%	3.11%
1 Year	6.47%	6.47%
2 Years	6.64%	6.64%
3 Years	6.41%	6.42%
4 Years	5.66%	5.66%
5 Years	5.15%	5.14%

Asset allocationas on Dec 31, 2024

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 96.59999999%

SOV 3.4%

Top Debt Holdings

Others 96.58%

Reserve Bank of India 3.4%

Allocation by Instruments

CBLO 96.58%

Treasury Bills 3.4000000000000004%

Net Receivables 0.01999999%

Other Holdings

Others 0.02%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
PGIM India Overnight Fund	N.A.	₹103 Crs	5 yrs 9 m	0.14%
Mirae Asset Overnight Fund	N.A.	₹864 Crs	5 yrs 7 m	0.07%
HSBC Overnight Fund	N.A.	₹2,710 Crs	6 yrs	0.06%
Bank of India Overnight Fund	N.A.	₹50 Crs	5 yrs 4 m	0.09%
Edelweiss Overnight Fund	N.A.	₹191 Crs	5 yrs 10 m	0.11%

Fund name	1M	6M	1Y	3Y	5Y	10Y
PGIM India Overnight Fund	0.46%	3.12%	6.47%	6.41%	5.15%	N.A.
Mirae Asset Overnight Fund	0.47%	3.12%	6.49%	6.44%	5.18%	2.84%
HSBC Overnight Fund	0.47%	3.12%	6.48%	6.43%	5.17%	3.05%
Bank of India Overnight Fund	0.48%	3.17%	6.58%	6.51%	5.23%	2.73%
Edelweiss Overnight Fund	0.46%	3.08%	6.41%	6.36%	5.1%	2.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
PGIM India Overnight Fund	0.16	0.24	-0.4	-0.41
Mirae Asset Overnight Fund	0.17	0.24	-0.21	-0.22
HSBC Overnight Fund	0.17	0.24	-0.3	-0.34
Bank of India Overnight Fund	0.17	0.24	0.14	0.14
Edelweiss Overnight Fund	0.17	0.24	-0.66	-0.7

View all Overnight funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.39 vs. 1.41 Underperformed at beating benchmark
Sharpe	-0.4 vs. 1.29 Poor risk-adjusted returns
Beta	0.24 vs. -0.06 More sensitive to market's ups & downs
Standard deviation	0.16 vs. 0.11 More volatile performance

Compare PGIM India Overnight Fund in detail with

About this fund

About PGIM India Overnight Fund

PGIM India Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Pgim India Mutual Fund. This fund has been in existence for 5 yrs 9 m, having been launched on 12/08/2019. PGIM India Overnight Fund Direct - Growth has ₹103 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of PGIM India Overnight Fund Direct - Growth as of 05/06/2025 is ₹1331.50. The fund has an expense ratio of 0.14%, which is close to what most other Overnight funds charge.

PGIM India Overnight Fund Direct - Growth returns of last 1-year are 6.49%. Since launch, it has delivered 5.08% average annual returns.
PGIM India Overnight Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very low indicating it has lent to borrowers whose quality is poor. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India.

...

Fund AUM	₹103 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Puneet Pal

Mr. Pal is a B.Com (H) and MBA from SIBM Pune. Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Bhupesh Kalyani

Mr. Kalyani is a CA, ICWA and CISA. Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

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.

PGIM India Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	₹24,165 Crs as on Mar 31, 2025
Address	204, 2nd Floor, Jalaram Business Centre, Ganjawala Lane Near Chamunda Circle, Borivali (W) Mumbai, 400092
Phone	022-61593000 / 1800-266-2667

More funds from PGIM India Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
PGIM India Dynamic Bond Fund	N.A.	₹108 Crs	11.62%	9.01%
PGIM India Gilt Fund	N.A.	₹115 Crs	11.39%	9.01%
PGIM India Corporate Bond Fund	N.A.	₹95 Crs	10.5%	8.04%
PGIM India Money Market Fund	N.A.	₹174 Crs	8.1%	7.4%
PGIM India Ultra Short Duration Fund	N.A.	₹231 Crs	7.74%	7.2%
PGIM India Liquid Fund	N.A.	₹437 Crs	7.34%	7.04%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of PGIM India Overnight Fund?

The current Net Asset Value (NAV) of the PGIM India Overnight Fund - Direct Growth plan is approximately ₹1331.5 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The PGIM India Overnight Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.07% since inception.

PGIM India Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.47%	6.41%	5.15%	5.07%

How much does this mutual fund charge as expense ratio?

The PGIM India Overnight Fund - Direct Growth has an expense ratio of 0.14%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The PGIM India Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹103 Crs crore as of Mar 31, 2025.

To whom does PGIM India Overnight Fund lend to?

The top 3 debt holdings of PGIM India Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Others	96.58%
Reserve Bank of India	3.4%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The PGIM India Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	96.59999999%
SOV	3.4%

What is risk level of PGIM India Overnight Fund?

This is a Overnight fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in PGIM India Overnight Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for PGIM India Overnight Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in PGIM India Overnight Fund is complete.

How can I redeem my investments in PGIM India Overnight Fund?

Redeeming your investments in PGIM India Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in PGIM India Overnight Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Overnight

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.