PGIM India Overnight Fund is an Overnight fund run by PGIM India Mutual Fund. On 30-09-2026, it managed ₹96 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.0% a year and its Regular plan returned 5.9% a year. Its benchmark, Nifty 1D Rate Index TRI, returned 6.0% a year over the same 3 years.
NAV (Direct plan)
₹1,429.67
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹1,423.16
▲ 0.02% · 30-10-2026
Expense ratio
0.18%Direct0.20%Regular
0.18%
A year
Riskometer
Low
Set by the fund house
3 year return
6.0%Direct5.9%Regular
6.0%
A year
PGIM India Overnight Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹1,429.67 (up 0.02% that day); Regular Plan Growth ₹1,423.16 (up 0.02% that day).
This fund (Direct plan)
₹1,429.6721
This fund split each unit into 0.01 on 07-09-2019 (SSD record). NAVs before that day are shown divided by 0.01, so the line and the returns are not broken by the split.
PGIM India Overnight Fund Returns vs Nifty 1D Rate Index TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.44%
+1.26%
+2.54%
+5.13%
+5.96%
+5.73%
--
This fund (Regular)
+0.43%
+1.25%
+2.52%
+5.10%
+5.92%
+5.68%
--
Nifty 1D Rate Index TRI
+0.45%
+1.30%
+2.61%
+5.25%
+6.02%
+5.80%
+5.40%
Overnight average
+0.45%
+1.28%
+2.59%
+5.22%
+5.99%
+5.75%
--
Best in Overnight
+0.47%
+1.33%
+2.79%
+5.48%
+6.16%
+5.89%
--
Worst in Overnight
+0.43%
+1.21%
+2.46%
+4.96%
+5.78%
+5.57%
--
Rank in Overnight
31/40
32/38
31/36
29/36
25/33
21/27
--
Category rows compare the Direct plans of 40 Overnight funds. Rank 1 is the highest return.
PGIM India Overnight Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 1D Rate Index TRI
2026to date
+4.20%
+4.18%
+4.31%
2025
+5.78%
+5.74%
+5.81%
2024
+6.72%
+6.66%
+6.79%
2023
+6.67%
+6.59%
+6.74%
2022
+4.72%
+4.65%
+4.76%
2021
+3.24%
+3.18%
+3.28%
PGIM India Overnight Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,521 periods, one for each trading day from 28-08-2022 to 30-10-2026.
0%2%4%6%8%
PGIM India Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Dec 2019 to Dec 2022Sept 2020 to Sept 2023May 2021 to May 2024Feb 2022 to Feb 2025Oct 2022 to Oct 2025Jun 2023 to Jun 2026
PGIM India Overnight Fund (Direct)Nifty 1D Rate Index TRI
0%
0%
Below 0%
35%
34%
0-5%
65%
66%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,251
5.3%
3.1%
6.8%
0%
5.4%
16%
2 years
1,886
5.7%
3.2%
6.7%
0%
5.8%
13%
3 years
1,521
5.7%
3.8%
6.4%
0%
5.8%
14%
5 years
790
5.3%
4.9%
5.7%
0%
5.3%
0%
7 years
60
5.1%
5.1%
5.1%
0%
5.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
75
5.3%
3.1%
6.8%
0%
5.4%
19%
2 years
63
5.7%
3.3%
6.7%
0%
5.8%
11%
3 years
51
5.9%
3.6%
6.6%
0%
6.0%
0%
5 years
27
5.9%
5.4%
6.0%
0%
6.0%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 1D Rate Index TRI over the same days. Past returns do not promise future returns.
PGIM India Overnight Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
PGIM India Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.13%
+5.25%
Standard deviation
0.04%
0.20%
Sharpe ratio
-2.98
0.00
Sortino ratio
-7.14
0.00
Maximum drawdown
0.0%
0.0%
Beta
0.99
1.00
Alpha
−0.11%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
PGIM India Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.96%
+6.02%
Standard deviation
0.04%
0.23%
Sharpe ratio
-1.48
0.00
Sortino ratio
-2.12
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.01
1.00
Alpha
−0.06%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
PGIM India Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.73%
+5.80%
Standard deviation
0.06%
0.23%
Sharpe ratio
-1.24
0.00
Sortino ratio
-1.56
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.07%
0.00%
From daily NAVs, 30-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
PGIM India Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.11%
+5.13%
Standard deviation
0.07%
0.21%
Sharpe ratio
-0.36
0.00
Sortino ratio
-0.48
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.03%
0.00%
From daily NAVs, 28-08-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
0%0.1%
PGIM India Overnight Fund (Direct)
Nifty 1D Rate Index TRI
2020202120222023202420252026
PGIM India Overnight Fund (Direct)Nifty 1D Rate Index TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
PGIM India Overnight Fund (Direct)
0.0%
--
--
--
--
0.0%
Nifty 1D Rate Index TRI
0.0%
--
--
--
--
0.0%
From the Direct plan's daily NAV since 28-08-2019, adjusted for unit splits, and Nifty 1D Rate Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
PGIM India Overnight Fund vs Other Overnight Funds
The five Overnight funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
PGIM India Overnight Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Overnight median
Cost rank (1 = cheapest)
Direct
0.12%
0.00%
0.03%
0.03%
0.18%
0.11%
34/40
Regular
0.14%
0.00%
0.03%
0.03%
0.20%
0.18%
23/39
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Overnight funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
5.10%
5.13%
0.03%
₹1,05,100
₹1,05,130
3 years
5.92%
5.96%
0.04% a year
₹1,18,832
₹1,18,967
5 years
5.68%
5.73%
0.05% a year
₹1,31,815
₹1,32,127
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
PGIM India Overnight Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 28-08-2019 to 30-10-2026: 87 instalments, ₹8,70,000 in all.
Direct planPGIM India Overnight Fund (Direct)Regular planPGIM India Overnight Fund (Regular)Nifty 1D Rate Index TRICategory averageCategory average, 40 Overnight fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
PGIM India Overnight Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.3%Cash and others
Asset
Fund
Category
Cash and others
96.3%
89.1%
Debt
3.6%
10.9%
PGIM India Overnight Fund Portfolio Holdings
As on 30-09-2026 · 2 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
91 DAYS TBILL RED 01-10-2026 · Treasury bill
SOVEREIGN
2.09%
182 DAYS TBILL RED 22-10-2026 · Treasury bill
SOVEREIGN
1.56%
PGIM India Overnight Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.18%
Expense ratio (Regular)
0.20%
Category
Overnight
Risk
Low
Benchmark
Nifty 1D Rate Index
Launch date
27-08-2019
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹95.80 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
147606
ISIN (Direct)
INF663L01T01
Scheme code (Regular)
147600
ISIN (Regular)
INF663L01T43
NAV history
From 28-08-2019, 7.2 years
Exit load
NIL
Tax on PGIM India Overnight Fund returns
PGIM India Overnight Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹1,429.6721
30-10-2026
direct
IDCW
₹1,000.0087
30-10-2026
direct
IDCW
₹1,001.1281
30-10-2026
regular
Growth
₹1,423.155
30-10-2026
regular
IDCW
₹1,000.00
30-10-2026
regular
IDCW
₹1,007.7918
30-10-2026
About PGIM India Overnight Fund
PGIM India Overnight Fund is a mutual fund from PGIM India Mutual Fund. Its category is Overnight. It was launched on 27-08-2019. Its benchmark is Nifty 1D Rate Index. At the end of September 2026 it held 2 securities.
Fund Manager
Sandeep Devan
Fund manager of PGIM India Overnight Fund, since 25-02-2026
and Mr. Puneet Pal
Fund manager of PGIM India Overnight Fund, since 16-07-2022
Frequently Asked Questions for PGIM India Overnight Fund
What is the current NAV of PGIM India Overnight Fund?
The Direct plan NAV is ₹1,429.6721. The Regular plan NAV is ₹1,423.155, as on 30-10-2026.
What are the returns of PGIM India Overnight Fund?
The Direct plan returned +5.13% in 1 year, +5.96% a year over 3 years, +5.73% a year over 5 years. The Regular plan returned +5.10% in 1 year, +5.92% a year over 3 years, +5.68% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of PGIM India Overnight Fund?
The Direct plan charges 0.18% a year. The Regular plan charges 0.20% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of PGIM India Overnight Fund?
PGIM India Overnight Fund managed ₹95.80 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of PGIM India Overnight Fund?
At the end of September 2026 the largest holdings were 91 DAYS TBILL RED 01-10-2026 (2.09%), 182 DAYS TBILL RED 22-10-2026 (1.56%). The fund held 2 securities in all.
How do I invest in PGIM India Overnight Fund?
Through PGIM India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of PGIM India Overnight Fund?
Sandeep Devan (since 25-02-2026), and Mr. Puneet Pal (since 16-07-2022).
What is the exit load of PGIM India Overnight Fund?
NIL
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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