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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 1.33 0.01 0.06 0.26 0.77 1.50 2.99 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Overnight 1.34 0.01 0.06 0.26 0.78 1.51 2.99 -- -- -- --
Rank within category 21 16 20 21 19 20 17 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 11-Jun-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 2.99 -- -- 0.19 5,552
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.05 -- -- 0.10 6,878
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.03 4.62 5.42 0.12 6,077
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.02 -- -- 0.17 920
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.08 -- -- 0.16 409

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.92 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Overnight* 4.41 0.39 0.25 1.47 0.64 0.61
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.26 3.39 2.97 --
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 -- - 0.04

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-May-2021

*As on 30-Apr-2021

Fund Manager

— Anju Chhajer since 17-Dec-2018

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

Experience: Prior to joining Nippon India 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 13-Jun-2021

Growth: ₹ 110.9127

IDCW Weekly: ₹ 100.0219

More

IDCW Quarterly: ₹ 100.9356

IDCW Monthly: ₹ 100.2724

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 18-Dec-2018
Return Since Launch: 4.25%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,552 Cr (As on 31-May-2021)
Expense: 0.19% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0084

 10-Jun-20210.0083
 09-Jun-20210.0083
 08-Jun-20210.0083
 07-Jun-20210.0083
 06-Jun-20210.0169
 04-Jun-20210.0085
 03-Jun-20210.0084
 02-Jun-20210.0084
 01-Jun-20210.0083
 31-May-20210.0083
 30-May-20210.0169
 28-May-20210.0084
 27-May-20210.0085
 26-May-20210.0085
 25-May-20210.0084
 24-May-20210.0086
 23-May-20210.0173
 21-May-20210.0086
 20-May-20210.0085
 19-May-20210.0085
 18-May-20210.0085
 17-May-20210.0085
 16-May-20210.0170
 14-May-20210.0085
IDCW Weekly11-Jun-20210.0585

 04-Jun-20210.0588
 28-May-20210.0597
 21-May-20210.0596
 14-May-20210.0594
 07-May-20210.0584
 30-Apr-20210.0582
 23-Apr-20210.0582
 16-Apr-20210.0573
 09-Apr-20210.0307
 05-Apr-20210.0855
 26-Mar-20210.0592
 19-Mar-20210.0587
 12-Mar-20210.0583
 05-Mar-20210.0574
 26-Feb-20210.0307
 22-Feb-20210.0692
 12-Feb-20210.0572
 05-Feb-20210.0575
 29-Jan-20210.0583
 22-Jan-20210.0578
 15-Jan-20210.0566
 08-Jan-20210.0535
 01-Jan-20210.0300
 28-Dec-20200.0827
IDCW Monthly25-May-20210.2456

 26-Apr-20210.2655
 25-Mar-20210.2338
 25-Feb-20210.2409
 25-Jan-20210.2211
 28-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
IDCW Quarterly19-Mar-20210.7025

 21-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

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM