Should I invest in ICICI Prudential Overnight Fund - Half Yearly IDCW?

We don't give personal investment advice. ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

ICICI Prudential

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW

Unit split applied to historical metrics

This scheme had a 10× unit consolidation on 17 Aug 2022. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹1,015.7798

As of

16 Sep 2022

1,134 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	+0.00%	+0.01	9 / 93	Q1
1W	+0.10%	+0.02%	+0.08	31 / 93	Q2
2W	+0.20%	+0.03%	+0.17	21 / 93	Q1
1M	+0.42%	+0.08%	+0.35	8 / 92	Q1
3M	+1.23%	+0.29%	+0.94	18 / 92	Q1
6M	+0.46%	+0.57%	-0.11	21 / 88	Q1
YTD	+1.17%	+0.50%	+0.67	20 / 87	Q1
1Y	+0.53%	+0.97%	-0.44	18 / 86	Q1
2Y	+0.31%	+0.88%	-0.58	14 / 83	Q1
3Y	-0.11%	+0.91%	-1.02	78 / 80	Q4
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+0.41%	+1.00%	-0.59	27 / 93	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2022 YTD	+1.17%	+0.85%	+0.32	14 / 76
2021	+0.01%	+0.35%	-0.34	27 / 73
2020	-0.25%	+0.23%	-0.48	62 / 62
2019	+0.40%	+0.18%	+0.22	2 / 18
2018	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

-0.12%

34 windows

min -1.1% · max 0.5%

53% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

-0.07%

10 windows

min -0.2% · max 0.1%

20% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

2.43%

3-year · annualised

Sharpe ratio

-2.71

vs risk-free 6.5%

Sortino ratio

-2.95

Downside-only deviation

Max drawdown

-2.61%

Nov 2019 → Nov 2020

% positive months

83.3%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Overnight Fund

Scheme	Fund house	NAV	As of
HDFC Overnight Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,042.6600	3 Jun 2026
NIPPON INDIA OVERNIGHT FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹100.0050	3 Jun 2026
SBI Overnight Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,371.4225	3 Jun 2026
ICICI Prudential Overnight Fund - Direct Plan - Daily IDCW	ICICI Prudential	₹1,000.0050	3 Jun 2026
Invesco India Overnight Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.5303	3 Jun 2026
BANDHAN Overnight Fund - Direct Plan - Daily IDCW	Bandhan	₹1,000.0098	3 Jun 2026
quant Overnight Fund - IDCW Option - Direct Plan	Quant	₹12.4217	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Direct - Monthly Payout of IDCW	Aditya Birla Sun Life	₹1,000.7327	3 Jun 2026
Franklin India Overnight Fund - Direct Daily Dividend Plan - Daily - IDCW	Franklin India	₹1,000.0007	3 Jun 2026
Mirae Asset Overnight Fund Direct Daily IDCW	Mirae Asset	₹1,000.0245	3 Jun 2026

Recent NAVs

Date	NAV
16 Sep 2022	₹1,015.7798
15 Sep 2022	₹1,015.6301
14 Sep 2022	₹1,015.4865
13 Sep 2022	₹1,015.3461
12 Sep 2022	₹1,015.2057
11 Sep 2022	₹1,015.0642
9 Sep 2022	₹1,014.7783
8 Sep 2022	₹1,014.6357
7 Sep 2022	₹1,014.4950
6 Sep 2022	₹1,014.3549

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 16 Sep 2022, the NAV of ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW is ₹1,015.7798. It's a Overnight Fund from ICICI Prudential, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW has NAV history starting from 20 Dec 2018, a track record of about 7 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW is managed by ICICI Prudential. It's classified by AMFI under the 'Overnight Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW has delivered a absolute return of 0.53% — -0.44 pp behind the Overnight Fund category average of 0.97%. The fund ranks #18 of 86 in its category — the top (Q1) quartile.

Over the trailing 3-year window, ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW has delivered a CAGR of -0.11% — -1.02 pp behind the Overnight Fund category average of 0.91%. The fund ranks #78 of 80 in its category — the bottom (Q4) quartile.

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW exactly 3 years ago would be worth approximately ₹99,678 today — a multiplier of 1.00×, based on the 3-year CAGR of -0.11%. The category average over the same window would have grown ₹1 lakh to ₹102,767.

A ₹10,000 monthly SIP in ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹362,199 today. That's an XIRR (money-weighted annualised return) of 0.40%.

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹362,199 — XIRR 0.40%.

On a 3-year basis, ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW ranks #78 out of 80 funds in the Overnight Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 0.91%; this fund delivered -0.11%.

The worst peak-to-trough decline ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW has experienced over the last 3-year window is 2.61% — its NAV fell from a high on 13 Nov 2019 to a low on 13 Nov 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW averaged -0.07% (best 0.09%, worst -0.23%). 20% of rolling windows ended positive. The 3-year Sharpe ratio is -2.71 — negative risk-adjusted performance.

In calendar year 2021, ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW returned 0.01% — lagging the Overnight Fund category average of 0.35% by 0.34 pp. It ranked #27 of 73 in its category that year.

ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. ICICI Prudential Overnight Fund - Direct Plan - Half Yearly IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.