Investment Objective and Approach

The PGIM India Overnight Fund is an open ended debt scheme investing in overnight securities. The fund's primary objective is 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.

The fund follows a conservative investment approach by focusing on:

- The scheme invests in overnight securities with maturity of one day

- Maintaining low interest rate risk and low credit risk profile

- A relatively low interest rate risk and relatively low credit risk scheme

This fund is ideal for investors looking for low risk, alternate investment avenues to park idle surplus funds for very short term, to manage their short-term liquidity needs.

Fund Managers

The PGIM India Overnight Fund is managed by two experienced professionals:

Puneet Pal

Mr. Pal is a B.Com (H) and MBA from SIBM Pune. He brings extensive experience in fixed income management, having worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager before joining PGIM India.

Bhupesh Kalyani

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

The fund managers collectively bring an extensive experience of 15 years while managing equity & related investments.

About the Fund House (AMC)

PGIM India Mutual Fund, previously known as DHFL Pramerica Mutual Fund, is a fully owned subsidiary of PGIM, the global investment management arm of the US-based Prudential Financial, Inc. (PFI).

Key highlights of the AMC:

- PGIM, one of the top 10 global investment managers with over USD 1.4 trillion in assets under management (AUM), operates in 16 countries with 38 offices and more than 1,300 investment professionals

- As of March 2024, PGIM India Mutual Fund manages assets worth Rs. 23,240.16 crore

- PGIM India Mutual Fund leverages PGIM's shared legacy of 150 years and global resources along with local investment expertise to create wealth-building solutions for both retail and institutional investors. We offer a broad range of investment capabilities through our multi-manager model along with our experienced investment team through an array of investment options ranging from Diversified Equity Funds, Hybrid Funds, Debt Funds and International Fund of Funds

The fund house operates under the experienced leadership and offers 29 schemes across different categories and has an AUM of ₹27,256 crore as of 2024.

Should I Invest in PGIM India Overnight Fund?

The PGIM India Overnight Fund can be suitable for investors who:

Ideal For:

- Seek capital preservation with modest returns

- Need high liquidity for emergency funds

- Want to park surplus cash for very short periods

- Prefer predictable returns with minimal volatility

Fund Performance:

- The 1-year, 3-year and 5-year returns of this fund were 6.66, 5.99 and 4.90 respectively

- PGIM India Overnight Fund - Regular Plan- Growth Option scheme's ability to deliver returns consistently is in-line with most funds of its category

- This fund has a consistency rating which indicates that the fund has generated average returns. However, whatever returns that the fund delivers, it does so with exceptional consistency

Key Considerations:

- Very low expense ratio of 0.15% making it cost-effective

- minimum SIP amount of Rs 1000 and lumpsum of Rs 5000 to start the investment

- It's ability to control losses in a falling market is above average

FAQs

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

The latest NAV varies daily. You can check the current NAV on Allvest platform or the fund house website for real-time updates.

What is the AUM of PGIM India Overnight Fund?

The AUM (i.e. assets under management) of PGIM India Overnight Fund is ₹29.49 Cr as of 17th May 2025, though this figure may vary based on the specific plan and date.

What is the expense ratio of PGIM India Overnight Fund?

The expense ratio of PGIM India Overnight Fund Plan is 0.15 as of 17th May 2025, making it one of the most cost-effective overnight funds.

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

The PGIM India Overnight Fund was launched on 27th August 2019. Since inception returns vary by plan and can be checked on Allvest platform for the most current figures.

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

The minimum SIP amount of PGIM India Overnight Fund is ₹1000 and minimum lumpsum investment is ₹5000.

How do I invest in PGIM India Overnight Fund?

You can easily invest through Allvest platform online by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum), and completing the payment process.

How to start a SIP in PGIM India Overnight Fund?

Log into your Allvest account, search for PGIM India Overnight Fund, select SIP option, choose investment amount (minimum ₹1000) and frequency, then complete the automated setup.

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

Through Allvest platform, you can set up auto-debit instructions during SIP registration, which will automatically deduct the SIP amount from your linked bank account on chosen dates.

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

Redeeming your investments in PGIM India Overnight Fund is super easy. If you have invested this fund via MySIPonline, just log into the app, go to the investment section, and place your redemption request. Similarly, you can redeem through Allvest platform online or contact customer support for assistance.