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Unrated

Aditya Birla Sun Life Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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 1.89 0.01 0.06 0.23 0.72 1.73 4.26 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 -- -- -- --
Debt: Overnight 1.92 0.01 0.06 0.24 0.73 1.76 4.26 -- -- -- --
Rank within category 18 23 23 24 20 17 11 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 13-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.26 -- -- 0.22 7,621
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.22 5.42 5.81 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.30 5.47 5.91 0.18 13,825
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.24 -- -- 0.20 10,011
UTI Overnight Fund - Regular Plan  | Invest Online
Unrated
Dec-03 4.34 5.16 6.19 0.12 6,556

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.14 (03-Nov-2018 - 11-Nov-2018) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 0.52 (03-Nov-2018 - 04-Dec-2018) 0.18 (23-Mar-2020 - 22-Apr-2020)
Quarter 1.56 (03-Nov-2018 - 03-Feb-2019) 0.66 (23-Mar-2020 - 22-Jun-2020)
Year 5.84 (03-Nov-2018 - 04-Nov-2019) 4.27 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 --
Modified Duration (yrs) -- 0.00 0.00 --
Average Maturity (yrs) -- 0.00 0.00 --
Yield to Maturity (%) 3.17 5.65 3.17 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

Fund Manager

— Kaustubh Gupta since 30-Oct-2018

Education: Mr. Gupta is a B.Com and a Chartered Accountant.

Experience: Prior to joining Birla Sun Life AMC he has worked with ICICI Bank.

Funds Managed:


0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 1,086.7882

Dividend Weekly: ₹ 1,000.2306

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Dividend Monthly: ₹ 1,001.3592

Dividend Daily: ₹ 1,000.0200


Investment Strategy

The scheme seeks to generate reasonable income through investments in debt securities, Money Market Instruments & CBLO/Tri-party Repo having maturity of 1 day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Nov-2018
Return Since Launch: 5.02%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,621 Cr (As on 30-Jun-2020)
Expense: 0.22% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily11-Jul-20200.1605

 09-Jul-20200.0784
 08-Jul-20200.0805
 07-Jul-20200.0807
 06-Jul-20200.0800
 05-Jul-20200.0823
 04-Jul-20200.1617
 02-Jul-20200.0802
 01-Jul-20200.0858
 30-Jun-20200.0787
 29-Jun-20200.0790
 28-Jun-20200.0764
 27-Jun-20200.1338
 25-Jun-20200.0668
 24-Jun-20200.0573
 23-Jun-20200.0723
 22-Jun-20200.0773
 21-Jun-20200.0767
 20-Jun-20200.1505
 18-Jun-20200.0748
 17-Jun-20200.0729
 16-Jun-20200.0741
 15-Jun-20200.0760
 14-Jun-20200.0760
 13-Jun-20200.1596
Dividend Weekly09-Jul-20200.5652

 02-Jul-20200.5532
 25-Jun-20200.5009
 18-Jun-20200.5333
 11-Jun-20200.5691
 04-Jun-20200.5617
 28-May-20200.4935
 21-May-20200.5367
 14-May-20200.5245
 07-May-20200.3657
 03-May-20200.8171
 23-Apr-20200.5504
 16-Apr-20200.3480
 12-Apr-20200.6858
 02-Apr-20200.1627
 26-Mar-20200.3887
 19-Mar-20200.6309
 12-Mar-20200.6504
 05-Mar-20200.6348
 27-Feb-20200.3791
 23-Feb-20200.9448
 13-Feb-20200.6616
 06-Feb-20200.6568
 30-Jan-20200.6518
 23-Jan-20200.6517
Dividend Monthly25-Jun-20202.1668

 28-May-20202.7406
 23-Apr-20201.7483
 26-Mar-20202.3074
 27-Feb-20202.6469
 30-Jan-20203.1423
 26-Dec-20192.5423
 28-Nov-20193.2738
 24-Oct-20192.6324
 26-Sep-20192.8207
 29-Aug-20193.6025
 25-Jul-20193.0251
 27-Jun-20193.0572
 30-May-20193.9877
 25-Apr-20193.2490
 28-Mar-20194.1686
 21-Feb-20193.3976
 24-Jan-20193.4340
 27-Dec-20183.4169
 29-Nov-20183.6410

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.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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