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2 star

HDFC Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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.

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 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.

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(₹)
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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 2.23 0.02 0.06 0.26 0.78 1.58 3.09 4.34 5.01 5.63 --
CCIL T Bill Liquidity Weight 1.49 0.00 0.04 0.18 0.63 1.12 2.19 3.44 3.67 4.11 --
Debt: Overnight 2.25 0.01 0.06 0.26 0.78 1.59 3.11 4.37 5.06 5.81 --
Rank within category 23 8 20 24 16 22 23 4 3 3 --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 19-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Overnight Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.09 4.34 5.01 0.10 17,545
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.11 -- -- 0.10 7,804
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.12 -- -- 0.06 1,527
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.18 -- -- 0.11 504
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.12 -- -- 0.11 457

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.25 06-Sep-2013 - 15-Sep-2013 0.01 25-Mar-2020 - 01-Apr-2020
Month 0.88 08-Aug-2013 - 09-Sep-2013 0.18 23-Mar-2020 - 22-Apr-2020
Quarter 2.37 25-Jul-2013 - 24-Oct-2013 0.67 23-Mar-2020 - 22-Jun-2020
Year 8.72 26-Jul-2013 - 27-Jul-2014 2.94 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.31 0.39 0.70 3.60 0.66 0.71
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Overnight 4.34 0.40 0.78 4.19 0.67 0.75
Rank within category 4 1 4 4 1 4
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.12 3.41 2.83 3.13
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2021

Fund Manager

— Anil Bamboli since 01-Jan-2013

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:


--

Change from previous, NAV as on 19-Sep-2021

Growth: ₹ 3,103.0585

IDCW 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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.14%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 17,545 Cr (As on 31-Aug-2021)
Expense: 0.10% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Sep-20210.1813

 16-Sep-20210.0887
 15-Sep-20210.0906
 14-Sep-20210.0892
 13-Sep-20210.0881
 12-Sep-20210.0879
 09-Sep-20210.2612
 08-Sep-20210.0846
 07-Sep-20210.0848
 06-Sep-20210.0845
 05-Sep-20210.0837
 03-Sep-20210.1670
 02-Sep-20210.0790
 01-Sep-20210.0847
 31-Aug-20210.0856
 30-Aug-20210.0859
 29-Aug-20210.0865
 27-Aug-20210.1738
 26-Aug-20210.0845
 25-Aug-20210.0867
 24-Aug-20210.0865
 23-Aug-20210.0865
 22-Aug-20210.0867
 20-Aug-20210.1728
 19-Aug-20210.0844

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: http://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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