NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

PGIM India Overnight Fund Growth for NRI [1254.24]

Min Investment

5,000

Fund Size

374.59 Cr

Expense Ratio

0.2%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

1254.24

0.03%

NAV as on 14 Jul 24, 12:00 AM

low risk

overnight

liquid

NAV as on 14 Jul 24, 12:00 AM

low risk

overnight

liquid

6.74%p.a.

Last 1Y

5.44%p.a.

Last 3Y

0.00%p.a.

Last 5Y

4.74%p.a.

Since Inception

About PGIM India Overnight Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India Overnight Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Aug 2019, PGIM India Overnight Fund Growth is Overnight fund of its category with 374.59 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.

  • PGIM India Overnight Fund Growth delivered 6.7% annual returns during the last year. It has delivered 4.7% average annual returns since the fund was launched.
  • PGIM India Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in liquid

Fund 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.

Top 3 Holdings

Clearing Corporation Of India Ltd.

97.37%

India (Republic of)

2.59%

Net Receivables / (Payables)

0.04%

Fund Managers

  1. Bhupesh Kalyani (Sep 2022 - Present)
  2. Puneet Pal (Jul 2022 - Present)

Key Information

View Scheme Document

PGIM India Overnight Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on PGIM India Overnight Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in PGIM India Overnight Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in PGIM India Overnight Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions