ICICI Prudential Overnight Fund - Growth

ICICI Prudential Overnight Fund - Growth is a scheme launched by ICICI Mutual Fund on November 15, 2018, and falls under the Overnight fund category. It currently manages an AUM of Rs 11,871.8 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 100. It charges an expense ratio of 0.16% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  ICICI Prudential Overnight Fund - Growth trailing returns over different times are 6.07% (1 year), 6.38% (3 year) and 5.18% (5 year). The average annual return of this fund stands at 4.14%.