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4 star

Nippon India Overnight Fund - Regular 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 0.17 0.01 0.06 0.25 0.72 1.48 3.24 -- -- -- --
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 -- -- -- --
Debt: Overnight 0.18 0.01 0.06 0.25 0.72 1.48 3.21 -- -- -- --
Rank within category 21 17 22 19 13 15 11 -- -- -- --
Number of funds in category 30 30 30 30 30 30 29 3 3 3 3

As on 22-Jan-2021

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 3.24 -- -- 0.19 5,456
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.27 -- -- 0.12 6,472
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.26 4.92 5.69 0.12 5,341
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.37 -- -- 0.19 2,217
Sundaram Overnight Fund - Regular Plan
4 star
Mar-19 3.21 -- -- 0.20 933

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) 3.23 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.78 0.34 -2.89 -5.80 -- --
Debt: Overnight* 4.76 0.38 -0.08 -0.19 0.57 0.55
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-Dec-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 (%) 2.97 4.95 0.87 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others Margin Money -- - 0.07

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-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:


--

Change from previous, NAV as on 24-Jan-2021

Growth: ₹ 109.6441

Dividend Weekly: ₹ 100.0217

More

Dividend Quarterly: ₹ 100.4797

Dividend Monthly: ₹ 100.3261

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: 4.48%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,456 Cr (As on 31-Dec-2020)
Expense: 0.19% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0083

 21-Jan-20210.0083
 20-Jan-20210.0083
 19-Jan-20210.0082
 18-Jan-20210.0083
 17-Jan-20210.0164
 15-Jan-20210.0083
 14-Jan-20210.0077
 13-Jan-20210.0077
 12-Jan-20210.0081
 11-Jan-20210.0082
 10-Jan-20210.0166
 08-Jan-20210.0083
 07-Jan-20210.0082
 06-Jan-20210.0080
 05-Jan-20210.0076
 04-Jan-20210.0075
 03-Jan-20210.0138
 01-Jan-20210.0068
 31-Dec-20200.0076
 30-Dec-20200.0077
 29-Dec-20200.0079
 28-Dec-20200.0082
 27-Dec-20200.0245
 24-Dec-20200.0082
Dividend Weekly22-Jan-20210.0578

 15-Jan-20210.0566
 08-Jan-20210.0535
 01-Jan-20210.0300
 28-Dec-20200.0827
 18-Dec-20200.0571
 11-Dec-20200.0561
 04-Dec-20200.0537
 27-Nov-20200.0507
 20-Nov-20200.0506
 13-Nov-20200.0531
 06-Nov-20200.0307
 02-Nov-20200.0786
 23-Oct-20200.0555
 16-Oct-20200.0580
 09-Oct-20200.0334
 05-Oct-20200.0835
 25-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
Dividend Monthly28-Dec-20200.2709

 25-Nov-20200.2265
 26-Oct-20200.2563
 25-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 Quarterly21-Dec-20200.7179

 21-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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM