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Unrated

HDFC Overnight Fund


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.24 0.01 0.09 0.38 1.20 -- 5.45 5.83 6.21 6.77 6.81
CCIL T Bill Liquidity Weight 0.19 0.03 0.02 0.25 0.81 -- 4.19 4.14 4.47 4.79 4.69
Debt: Overnight 0.25 0.01 0.09 0.39 1.19 -- 5.45 5.63 6.16 6.82 7.06
Rank within category 23 11 22 24 12 -- 9 2 2 2 3
Number of funds in category 28 29 29 28 26 13 10 3 3 3 3

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.04 (16-Mar-2007 - 17-Apr-2007) 0.05 (03-Jul-2007 - 02-Aug-2007)
Quarter 2.38 (25-Feb-2007 - 27-May-2007) 0.60 (17-May-2009 - 16-Aug-2009)
Year 8.67 (26-Jul-2013 - 27-Jul-2014) 3.01 (11-May-2009 - 11-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.71 0.14 -0.08 -0.12 0.12 0.19
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Overnight 5.49 0.27 -1.15 -1.57 0.35 0.35
Rank within category 1 1 1 1 1 3
Number of funds in category 4 4 4 4 4 4

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 4.89 6.50 4.84 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Dec-2019

Fund Manager

— Anil Bamboli since 25-Jul-2012

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:


0.01%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 2,930.7441

Dividend Daily: ₹ 1,042.6600


Investment Strategy

The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 06-Feb-2002
Return Since Launch: 6.17%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,765 Cr (As on 31-Dec-2019)
Expense: 0.20% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Jan-20200.0983

 17-Jan-20200.1969
 16-Jan-20200.0940
 15-Jan-20200.0969
 14-Jan-20200.0987
 13-Jan-20200.0985
 12-Jan-20200.0972
 10-Jan-20200.1951
 09-Jan-20200.0947
 08-Jan-20200.0977
 07-Jan-20200.0975
 06-Jan-20200.0926
 05-Jan-20200.0798
 03-Jan-20200.1397
 02-Jan-20200.0627
 01-Jan-20200.0867
 31-Dec-20190.0932
 30-Dec-20190.0963
 29-Dec-20190.0920
 27-Dec-20190.1812
 26-Dec-20190.0874
 25-Dec-20190.0947
 24-Dec-20190.0954
 23-Dec-20190.0954
 22-Dec-20190.0968

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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