Should I invest in ICICI Prudential Overnight Fund - Quarterly IDCW?

We don't give personal investment advice. ICICI Prudential Overnight Fund - Quarterly 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 - Quarterly 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

₹1,004.0152

As of

16 Sep 2022

1,062 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	4 / 63	Q1
1W	+0.10%	+0.06%	+0.04	31 / 59	Q3
2W	+0.19%	+0.10%	+0.09	29 / 59	Q2
1M	-0.73%	+0.21%	-0.94	59 / 59	Q4
3M	+0.06%	+0.64%	-0.58	30 / 59	Q3
6M	+0.13%	+0.97%	-0.84	30 / 59	Q3
YTD	-0.01%	+0.86%	-0.87	54 / 59	Q4
1Y	+0.11%	+2.53%	-2.42	28 / 54	Q3
2Y	+0.08%	+2.47%	-2.39	27 / 54	Q2
3Y	-0.03%	+2.76%	-2.79	49 / 51	Q4
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+0.11%	+2.31%	-2.21	31 / 63	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	-0.01%	+2.11%	-2.12	44 / 45
2021	+0.03%	+0.76%	-0.73	7 / 19
2020	-0.25%	+0.70%	-0.95	17 / 17
2019	—	—	—	—

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

-0.04%

31 windows

min -0.7% · max 1.1%

52% positive

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

3-Year rolling

+0.02%

7 windows

min -0.1% · max 0.4%

29% 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

1.44%

3-year · annualised

Sharpe ratio

-4.53

vs risk-free 6.5%

Sortino ratio

-5.54

Downside-only deviation

Max drawdown

-1.22%

Nov 2019 → Nov 2020

% positive months

66.7%

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 Cash Management Fund - Call Plan-Daily Dividend Plan	HDFC	₹1,042.6600	3 Jun 2026
NIPPON INDIA OVERNIGHT FUND - DAILY IDCW Option	Nippon India	₹100.0050	3 Jun 2026
SBI Magnum Insta Cash Fund - Liquid Floater Plan - Dividend	SBI	₹1,393.9407	3 Jun 2026
ICICI Prudential Overnight Fund - Daily IDCW	ICICI Prudential	₹1,000.0050	3 Jun 2026
quant Overnight Fund - Unclaimed IDCW Greater than 3 years	Quant	₹10.0000	3 Jun 2026
Franklin India Overnight Fund - Daily Dividend Plan - Daily - IDCW	Franklin India	₹1,000.0001	3 Jun 2026
Edelweiss Overnight Fund - Unclaimed IDCW Plan - Above 3 years	Edelweiss	₹1,000.0000	3 Jun 2026
HSBC Overnight Fund - Unclaimed IDCW Above three years	HSBC	₹1,000.0000	3 Jun 2026
Baroda BNP Paribas Overnight Fund - Plan C - Unclaimed IDCW - Greater than 3 years	Baroda BNP Paribas	₹1,000.0000	3 Jun 2026
UTI - G-Sec Fund-STP Growth	UTI	₹3,678.1276	3 Jun 2026

Recent NAVs

Date	NAV
16 Sep 2022	₹1,004.0152
15 Sep 2022	₹1,003.8697
14 Sep 2022	₹1,003.7303
13 Sep 2022	₹1,003.5938
12 Sep 2022	₹1,003.4574
11 Sep 2022	₹1,003.3200
9 Sep 2022	₹1,003.0423
8 Sep 2022	₹1,002.9039
7 Sep 2022	₹1,002.7674
6 Sep 2022	₹1,002.6314

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 - Quarterly IDCW is ₹1,004.0152. It's a Overnight Fund from ICICI Prudential, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Overnight Fund - Quarterly IDCW has NAV history starting from 15 Mar 2019, a track record of about 7 years 2 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 - Quarterly 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 - Quarterly IDCW has delivered a absolute return of 0.11% — -2.42 pp behind the Overnight Fund category average of 2.53%. The fund ranks #28 of 54 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential Overnight Fund - Quarterly IDCW has delivered a CAGR of -0.03% — -2.79 pp behind the Overnight Fund category average of 2.76%. The fund ranks #49 of 51 in its category — the bottom (Q4) quartile.

ICICI Prudential Overnight Fund - Quarterly 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 - Quarterly IDCW exactly 3 years ago would be worth approximately ₹99,915 today — a multiplier of 1.00×, based on the 3-year CAGR of -0.03%. The category average over the same window would have grown ₹1 lakh to ₹108,505.

A ₹10,000 monthly SIP in ICICI Prudential Overnight Fund - Quarterly IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹359,989 today. That's an XIRR (money-weighted annualised return) of -0.00%.

ICICI Prudential Overnight Fund - Quarterly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹359,989 — XIRR -0.00%.

On a 3-year basis, ICICI Prudential Overnight Fund - Quarterly IDCW ranks #49 out of 51 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 2.76%; this fund delivered -0.03%.

The worst peak-to-trough decline ICICI Prudential Overnight Fund - Quarterly IDCW has experienced over the last 3-year window is 1.22% — 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 - Quarterly IDCW averaged 0.02% (best 0.35%, worst -0.10%). 29% of rolling windows ended positive. The 3-year Sharpe ratio is -4.53 — negative risk-adjusted performance.

In calendar year 2021, ICICI Prudential Overnight Fund - Quarterly IDCW returned 0.03% — lagging the Overnight Fund category average of 0.76% by 0.73 pp. It ranked #7 of 19 in its category that year.

ICICI Prudential Overnight Fund - Quarterly 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 - Quarterly 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.