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Aditya Birla Sun Life Overnight Fund - Direct Plan


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 0.72 0.01 0.09 0.42 1.21 2.49 5.47 -- -- -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 -- -- -- --
Debt: Overnight 0.72 0.01 0.09 0.41 1.21 2.49 5.47 -- -- -- --
Rank within category 16 8 17 12 18 11 6 -- -- -- --
Number of funds in category 28 30 30 29 27 18 10 3 3 3 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.14 (03-Nov-2018 - 11-Nov-2018) 0.08 (31-Dec-2019 - 07-Jan-2020)
Month 0.54 (03-Nov-2018 - 04-Dec-2018) 0.37 (09-Dec-2019 - 08-Jan-2020)
Quarter 1.60 (03-Nov-2018 - 03-Feb-2019) 1.19 (09-Oct-2019 - 08-Jan-2020)
Year 5.98 (03-Nov-2018 - 04-Nov-2019) 5.49 (20-Feb-2019 - 20-Feb-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.69 0.27 0.48 0.76 0.36 0.60
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 31-Jan-2020

Portfolio Aggregates

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

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-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 24-Feb-2020

Growth: ₹ 1,076.0202

Dividend Weekly: ₹ 1,000.0200

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Dividend Monthly: ₹ 1,003.2471

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: 5.73%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,834 Cr (As on 31-Jan-2020)
Expense: 0.10% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.0976

 22-Feb-20200.2885
 19-Feb-20200.0960
 18-Feb-20200.0988
 17-Feb-20200.0961
 16-Feb-20200.0951
 15-Feb-20200.1959
 13-Feb-20200.0959
 12-Feb-20200.0958
 11-Feb-20200.0968
 10-Feb-20200.0963
 09-Feb-20200.0981
 08-Feb-20200.1960
 06-Feb-20200.0981
 05-Feb-20200.0982
 04-Feb-20200.0964
 03-Feb-20200.0968
 02-Feb-20200.0975
 01-Feb-20200.1865
 30-Jan-20200.0932
 29-Jan-20200.0942
 28-Jan-20200.0943
 27-Jan-20200.0951
 26-Jan-20200.0995
 25-Jan-20200.1931
Dividend Weekly23-Feb-20200.9686

 13-Feb-20200.6793
 06-Feb-20200.6740
 30-Jan-20200.6699
 23-Jan-20200.6703
 16-Jan-20200.6756
 09-Jan-20200.6009
 02-Jan-20200.6109
 26-Dec-20190.6533
 19-Dec-20190.6522
 12-Dec-20190.6490
 05-Dec-20190.6554
 28-Nov-20190.6757
 21-Nov-20190.6708
 14-Nov-20190.6826
 07-Nov-20190.6692
 31-Oct-20190.6599
 24-Oct-20190.6690
 17-Oct-20190.6567
 10-Oct-20190.6641
 03-Oct-20190.7106
 26-Sep-20190.7234
 19-Sep-20190.7256
 12-Sep-20190.7205
 05-Sep-20190.7188
Dividend Monthly30-Jan-20203.2326

 26-Dec-20192.6155
 28-Nov-20193.3645
 24-Oct-20192.7042
 26-Sep-20192.8960
 29-Aug-20193.4007
 25-Jul-20193.0948
 27-Jun-20193.1316
 30-May-20194.0739
 25-Apr-20193.3269
 28-Mar-20194.2666
 21-Feb-20193.4674
 24-Jan-20193.5038
 27-Dec-20183.4331

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: 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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