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ICICI Prudential Overnight Fund - Latest NAV, Returns, Performance & Investment Guide 2024

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Invest in ICICI Prudential Overnight Fund with latest NAV of ₹1,389.10. Check AUM, returns, expense ratio & fund manager details. Low-risk overnight debt fund with competitive returns.

Investment Objective and Approach

ICICI Prudential Overnight Fund is designed to provide investors with capital preservation and liquidity while generating modest returns through investments in overnight securities. The fund primarily invests in:

- Overnight Securities: Treasury bills, commercial papers, and other money market instruments with maturity of 1 day

- Cash Equivalent Securities: Short-term government and corporate debt instruments

- Reverse Repo Transactions: Secured lending agreements with overnight maturity

The fund follows a conservative investment approach focusing on capital safety and high liquidity. The AUM (i.e. assets under management) of ICICI Pru Overnight Fund is ₹9430.97 Cr as of 30th May 2025. The expense ratio of ICICI Pru Overnight Fund Plan is 0.10 as of 30th May 2025.

Key Investment Strategy:

- Maintains high portfolio quality with minimal credit risk

- Focuses on overnight maturity instruments to minimize interest rate risk

- Provides better returns than savings accounts while maintaining liquidity

- The ICICI Prudential Overnight Fund Direct Growth is rated Low risk

Fund Managers

The fund is managed by a team of experienced debt market professionals:

Primary Fund Managers:

- Rohan Maru: Mr. Rohan Maru joined ICICI Prudential AMC in November 2012. He holds a Master of Commerce from Mumbai University and a PGDBA from MET Mumbai. he is co-managing other funds such as ICICI Prudential Liquid Fund, ICICI Prudential Savings Fund, ICICI Prudential Overnight Fund, and ICICI Prudential Global Stable Equity Fund.

- Nikhil Kabra: Mr. Nikhil Kabra is a B.Com and Chartered Accountant. Prior to joining ICICI Prudential AMC in 2013, he was associated with Sumedha Fiscal Services Limited. He brings extensive experience in fixed income markets and debt fund management.

- Rahul Goswami: Mr. Rahul Goswami is instrumental in investment strategy development and execution of the fixed income product suite.

The fund management team collectively oversees multiple debt funds and brings deep expertise in money market operations and interest rate management.

About the Fund House (AMC)

ICICI Prudential Asset Management Company Limited stands as one of India's leading mutual fund houses with a rich heritage spanning over three decades.

Company Overview:

- ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc

- It is the second-largest asset management company in India after the SBI Mutual Fund

- ICICI Bank holds a 51% stake in the JV and Prudential plc has 49%

Key Strengths:

- As of December 2023, the AMC had an AUM of Rs. 6.4 lakh crores

- Strong parentage with ICICI Bank's banking expertise and Prudential plc's global financial services experience

- Prudential plc is one of the largest companies in the financial services sector in the United Kingdom (UK)

- Comprehensive product suite covering equity, debt, and hybrid investment solutions

- Robust risk management framework and experienced investment teams

Track Record:

- Over 185 mutual fund schemes across various categories

- Strong distribution network with pan-India presence

- Consistent focus on investor education and transparency

- Award-winning fund management capabilities

Should I Invest in ICICI Prudential Overnight Fund?

Ideal for Investors Who:

- Seek an alternative to savings accounts with better returns

- Need high liquidity for emergency funds or short-term parking

- Want capital preservation with minimal risk

- Prefer predictable returns over market volatility

- Are looking for tax-efficient short-term investment options

Investment Considerations:

Positives:

- Low Risk Profile: Overnight maturity eliminates interest rate risk

- High Liquidity: Same-day redemption available

- Competitive Returns: The return given by ICICI Prudential Overnight Fund Direct Growth in 3 years is 5.54% and 5 years is 4.79%

- Low Cost: The fund has an expense ratio 0.1

- Strong Fund House: Backed by experienced management team and robust processes

Key Metrics (as per latest data):

- 5-Year CAGR: Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.62%, 6.28% and 5.01% respectively

- Since Inception Returns: ICICI Prudential Overnight Fund Direct Growth has given a CAGR return of 5.13% since inception

- Minimum Investment: Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹100

Limitations:

- Lower returns compared to equity or longer-duration debt funds

- Returns may not beat inflation during low interest rate cycles

- Not suitable for long-term wealth creation goals

FAQs

What is today's NAV of ICICI Prudential Overnight Fund?

The latest NAV varies daily. As per recent data, the NAV was around ₹1,389-1,392. Check the official AMC website or Allvest platform for the current day's NAV.

What is the AUM of ICICI Prudential Overnight Fund?

The fund has an AUM of approximately ₹9,430-11,730 crores as of May 2025, making it one of the larger overnight funds in the category.

What is the expense ratio of ICICI Prudential Overnight Fund?

The expense ratio is 0.10% per annum, which is competitive within the overnight fund category and helps maximize net returns for investors.

What are the returns of ICICI Prudential Overnight Fund since inception?

The fund has delivered a CAGR return of 5.13% since inception, outperforming most traditional savings instruments while maintaining low risk.

What is the minimum SIP amount to invest in ICICI Prudential Overnight Fund?

The minimum SIP amount is ₹500 per month, while the minimum lumpsum investment is ₹100, making it accessible to a wide range of investors.

How do I invest in ICICI Prudential Overnight Fund?

You can invest through Allvest platform by selecting the fund, choosing between SIP or lumpsum, completing KYC requirements, and making the payment online.

How to start a SIP in ICICI Prudential Overnight Fund?

Log into Allvest, search for the fund, select SIP option, choose amount and frequency, set up auto-debit, and submit the application with required documents.

How do I automate an SIP in ICICI Prudential Overnight Fund?

Use Allvest's auto-invest feature to set up automatic monthly investments. Once configured, the chosen amount will be invested automatically from your linked bank account.

How can I withdraw/redeem my investment in ICICI Prudential Overnight Fund?

Submit a redemption request through Allvest platform or AMC website. Being an overnight fund, redemption proceeds are typically credited within 1-2 working days.