PGIM India Mutual Fund launches PGIM India Overnight Fund

NFO period: 12^th August – 26^th August, 2019

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in overnight securities


• Investment 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. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.


• Product suitability – This product is suitable for investors who are seeking income over a short term investment horizon by investing in debt and money market instruments having maturity of upto 1 business day.


• Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option. Dividend option having two sub-options Payout Facility and Re-investment Facility.


• Fund Manager – Mr. Kumaresh Ramakrishnan and Mr. Kunal Jain


• Benchmark – NIFTY 1D Rate Index