SBI Overnight Fund

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Value Research Rating

2 star

Analyst’s Choice

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Riskometer

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Low

₹3,830.4942 0.02%

As on 04-Mar-2024

Returns

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Calculate SIP Returns of SBI Overnight Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Low risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Overnight Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of SBI Overnight Fund

Assets info

₹14,903 Cr

Exit Load (Days) info

--

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

5,000

Min. SIP Investment (₹)

2,000

Min. No of Cheques

6

Investment Strategy

The scheme seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.

Suitability

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."

Taxation

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for SBI Overnight Fund

SBI Overnight Fund is mandated to invest in bonds having a maturity of just one day.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Overnight Fund fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Overnight Fund is ₹3,830.4942 as of 05-Mar-2024.

The AUM of SBI Overnight Fund Fund is ₹14,903 Cr as of 29-Feb-2024

The riskometer level of SBI Overnight Fund is Low. See More

Company Percentage of Portfolio

Reserve Bank of India T-Bills 91-D 28/03/2024

2.34

Reserve Bank of India T-Bills 182-D 21/03/2024

0.67
See More

As of 29-Feb-2024, SBI Overnight Fund had invested 96.99% in Cash & Cash Eq. and 3.01% in Debt See More

SBI Overnight Fund is 21 years 5 months old. It has delivered 6.46% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
6.66%
4.97%
4.64%
5.04%
5.79%
6.46%

No, There is no lock in period in SBI Overnight Fund.

The expense ratio of SBI Overnight Fund is 0.18.

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