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4 star

Nippon India 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 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 2.58 0.01 0.06 0.25 0.75 1.48 3.84 -- -- -- --
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 -- -- -- --
Debt: Overnight 2.56 0.01 0.06 0.25 0.75 1.47 3.80 -- -- -- --
Rank within category 9 10 18 18 13 10 9 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 28-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.84 -- -- 0.19 3,980
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.86 4.94 5.97 0.11 7,030
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.96 -- -- 0.15 2,082
SBI Overnight Fund  | Invest Online
3 star
Oct-02 3.80 5.27 5.73 0.18 12,314
HDFC Overnight Fund  | Invest Online
2 star
Feb-02 3.73 5.22 5.63 0.20 11,844

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.15 (01-Mar-2019 - 10-Mar-2019) 0.02 (26-Mar-2020 - 02-Apr-2020)
Month 0.53 (01-Mar-2019 - 02-Apr-2019) 0.20 (22-Mar-2020 - 21-Apr-2020)
Quarter 1.56 (19-Dec-2018 - 20-Mar-2019) 0.70 (23-Mar-2020 - 22-Jun-2020)
Year 5.70 (21-Dec-2018 - 22-Dec-2019) 3.85 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight* 4.99 0.34 -0.47 -0.63 0.38 0.30
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.03 5.38 0.87 --
Avg Credit Rating -- -- --

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-2020

Fund Manager

— Anju Chhajer since 17-Dec-2018

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:


0.01%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 108.6263

Dividend Weekly: ₹ 100.0301

More

Dividend Quarterly: ₹ 100.2595

Dividend Monthly: ₹ 100.1450

Dividend Daily: ₹ 100.0050


Investment Strategy

The scheme seeks to generate optimal returns with low risk and high liquidity 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 (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 18-Dec-2018
Return Since Launch: 4.76%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,980 Cr (As on 31-Aug-2020)
Expense: 0.19% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Sep-20200.0167

 25-Sep-20200.0083
 24-Sep-20200.0084
 23-Sep-20200.0083
 22-Sep-20200.0082
 21-Sep-20200.0084
 20-Sep-20200.0167
 18-Sep-20200.0083
 17-Sep-20200.0083
 16-Sep-20200.0084
 15-Sep-20200.0084
 14-Sep-20200.0082
 13-Sep-20200.0165
 11-Sep-20200.0083
 10-Sep-20200.0082
 09-Sep-20200.0082
 08-Sep-20200.0081
 07-Sep-20200.0081
 06-Sep-20200.0156
 04-Sep-20200.0077
 03-Sep-20200.0077
 02-Sep-20200.0077
 01-Sep-20200.0077
 31-Aug-20200.0078
 30-Aug-20200.0157
Dividend Monthly25-Sep-20200.2504

 25-Aug-20200.2378
 27-Jul-20200.2586
 25-Jun-20200.2412
 26-May-20200.2810
 27-Apr-20200.2232
 26-Mar-20200.2716
 25-Feb-20200.2760
 27-Jan-20200.2909
 26-Dec-20190.2904
 25-Nov-20190.2926
 25-Oct-20190.2860
 25-Sep-20190.3048
 26-Aug-20190.3359
 25-Jul-20190.3306
 25-Jun-20190.3244
 27-May-20190.3697
 25-Apr-20190.3639
 25-Mar-20190.3355
 25-Feb-20190.3839
 25-Jan-20190.3724
Dividend Weekly25-Sep-20200.0584

 18-Sep-20200.0581
 11-Sep-20200.0565
 04-Sep-20200.0543
 28-Aug-20200.0557
 21-Aug-20200.0567
 14-Aug-20200.0578
 07-Aug-20200.0571
 31-Jul-20200.0579
 24-Jul-20200.0578
 17-Jul-20200.0571
 10-Jul-20200.0580
 03-Jul-20200.0543
 26-Jun-20200.0502
 19-Jun-20200.0539
 12-Jun-20200.0566
 05-Jun-20200.0583
 29-May-20200.0527
 22-May-20200.0569
 15-May-20200.0534
 08-May-20200.0359
 04-May-20200.0883
 24-Apr-20200.0610
 17-Apr-20200.0367
 13-Apr-20200.0831
Dividend Quarterly21-Sep-20200.7572

 19-Jun-20200.7177
 19-Mar-20200.8531
 19-Dec-20190.8727
 18-Sep-20190.9835
 18-Jun-20191.0752
 18-Mar-20190.9774

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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