NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1237.54
0.02%
NAV as on 30 Apr 24, 12:00 AM
low risk
overnight
liquid
NAV as on 30 Apr 24, 12:00 AM
low risk
overnight
liquid
6.71%p.a.
Last 1Y
5.20%p.a.
Last 3Y
0.00%p.a.
Last 5Y
4.63%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 155.25 Cr fund under management as on Apr 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 4.6% 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 5 Holdings
Clearing Corporation Of India Ltd.
97.59%
182 DTB 09052024
1.92%
Net Receivables / (Payables)
1.63%
182 DTB 25042024
1.29%
91 DTB 25042024
0.84%
Fund Managers
- Bhupesh Kalyani (Sep 2022 - Present)
- Puneet Pal (Jul 2022 - Present)
Key Information
View Scheme Document
PGIM India Overnight Fund Growth SIP Calculator
If invested
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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
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Frequently Asked Questions
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