MonitorDirect · GrowthWatch before adding
PGIM India Overnight Fund
PGIM India Mutual FundDebt Scheme - Overnight Fund7.2 years
The Scheme seeks 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.
- NAV
- 1,429.4464
- 29 Oct 2026
- 1Y
- +5.1%
- Trailing CAGR
- AUM
- ₹95.8 Cr
- 30 Sept 2026
- Volatility
- n/a
- History still thin
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Watch if · Risk metrics are withheld because the NAV history contains an implausible daily move above 50%.
Prefer peers if · Prefer ADITYA BIRLA SUN LIFE OVERNIGHT FUND if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.2 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.18% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough 0.0%. Ask whether you can hold through a similar fall.
Vs category
Watch
43% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Sandeep Devan · 0.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.1%
- 3Y+6.0%
- 5Y+5.7%
- 10Yn/a
- SI+99.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.1%
- 3Y+5.6%
- 5Y+5.9%
- 10Yn/a
- Since inception
- +99.8%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +43%
- Windows beating the median
- 3Y percentile
- 10
- Vs comparable share classes
- SIP 3Y XIRR
- +5.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.8%
- 1522 daily-ending windows
- Median rolling 3Y
- +5.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 792 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- 0.0%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- 0%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- n/a
- 0 recovered episodes
- Longest recovery
- n/a
- Trough to prior peak
No completed or open drawdown episodes in the current snapshots.
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
10
Vs category
49
Consistency
45
Risk-adjusted
n/a
Drawdown
100
Mean
51
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Risk metrics are withheld because the NAV history contains an implausible daily move above 50%.
Portfolio
30 Sept 2026 · 4 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- 96.2%
- Effective holdings
- 1.1
Others CBLO
Unspecified
96.2%
GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100
Financial
2.1%
GOVERNMENT OF INDIA 37392 182 DAYS TBILL 22OT26 FV RS 100
Financial
1.6%
Net Receivables
Unspecified
0.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ADITYA BIRLA SUN LIFE OVERNIGHT FUND
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- n/a
- Max DD
- 0.0%
- Sharpe
- n/a
- 3Y win
- +95%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv Overnight Fund
Bajaj Finserv Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.0%
- Max DD
- 0.0%
- Sharpe
- -45.45
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
BANK OF INDIA OVERNIGHT FUND
Bank of India Mutual Fund
- 1Y
- +5.5%
- 3Y
- +6.2%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -32.69
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
DSP Overnight Fund
DSP Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -16.62
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Overnight Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- n/a
- Max DD
- 0.0%
- Sharpe
- n/a
- 3Y win
- +61%
- Higher win rate vs category
- Lower TER
- Higher trailing returns