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3 star

Nippon India Overnight Fund - Regular Plan download report


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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Nippon India Overnight Fund Reg-G 1.73 0.01 0.09 0.36 0.97 1.80 3.38 3.62 -- -- --
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 1.99 2.71 -- -- --
Debt: Overnight 1.72 0.01 0.09 0.36 0.96 1.79 3.37 3.59 -- -- --
Rank within category 11 15 11 11 10 11 12 5 -- -- --
Number of funds in category 29 30 30 30 30 29 29 17 3 3 3

As on 24-Jun-2022

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
3 star
Dec-18 3.38 3.62 -- 0.16% 10,105
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.43 3.66 -- 0.10% 10,000
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.40 3.63 4.40 0.12% 8,751
Edelweiss Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.35 -- -- 0.16% 978
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.40 3.66 -- 0.14% 605

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
Nippon India Overnight Fund Reg-G 3.59 0.26 0.35 1.60 0.36 0.38
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Overnight 3.56 0.25 0.22 0.98 0.33 0.33
Rank within category 5 12 5 5 14 6
Number of funds in category 17 17 17 17 17 17

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

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 5 2 2
Modified Duration (yrs) -- 0.00 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 4.14 4.14 3.09 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 09/06/2022 Treasury Bills SOV 0.00 - 2.00 2.00
new Reserve Bank of India 91-D 16/06/2022 Treasury Bills SOV 0.00 - 0.94 0.94
equal Others Margin Money -- - 0.06

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-2022

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:

— Siddharth Deb since 01-Mar-2022

Education: Mr. Deb is a B.Sc and MMS (Finance).

Experience: Prior to joining Nippon India Mutual Fund he has worked with Benchmark Asset Management Co. Pvt. Ltd. and Fullerton India Credit Company Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 114.7731

IDCW Weekly: ₹ 100.0050

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IDCW Quarterly: ₹ 100.2964

IDCW Monthly: ₹ 100.4610

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 100
Min. 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: 3.99%
Benchmark: CRISIL Overnight Fund AI Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,105 Cr (As on 31-May-2022)
Expense: 0.16% (As on 31-May-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Jun-20220.0124

 23-Jun-20220.0126
 22-Jun-20220.0124
 21-Jun-20220.0124
 20-Jun-20220.0124
 19-Jun-20220.0249
 17-Jun-20220.0123
 16-Jun-20220.0121
 15-Jun-20220.0119
 14-Jun-20220.0119
 13-Jun-20220.0119
 12-Jun-20220.0240
 10-Jun-20220.0120
 09-Jun-20220.0119
 08-Jun-20220.0120
 07-Jun-20220.0106
 06-Jun-20220.0106
 05-Jun-20220.0214
 03-Jun-20220.0106
 02-Jun-20220.0107
 01-Jun-20220.0108
 31-May-20220.0109
 30-May-20220.0110
 29-May-20220.0220
 27-May-20220.0109
IDCW Weekly24-Jun-20220.0872

 17-Jun-20220.0843
 10-Jun-20220.0786
 03-Jun-20220.0761
 27-May-20220.0764
 20-May-20220.0747
 13-May-20220.0754
 06-May-20220.0711
 29-Apr-20220.0693
 22-Apr-20220.0376
 18-Apr-20220.0947
 08-Apr-20220.0349
 04-Apr-20220.0946
 25-Mar-20220.0360
 21-Mar-20220.0902
 11-Mar-20220.0640
 04-Mar-20220.0602
 25-Feb-20220.0628
 18-Feb-20220.0602
 11-Feb-20220.0622
 04-Feb-20220.0626
 28-Jan-20220.0736
 21-Jan-20220.0696
 14-Jan-20220.0612
 07-Jan-20220.0606
IDCW Quarterly20-Jun-20220.9201

 21-Mar-20220.8318
 20-Dec-20210.7905
 20-Sep-20210.7483
 21-Jun-20210.7915
 19-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
IDCW Monthly25-May-20220.3161

 25-Apr-20220.2949
 25-Mar-20220.2508
 25-Feb-20220.2787
 25-Jan-20220.2718
 27-Dec-20210.2870
 25-Nov-20210.2781
 25-Oct-20210.2337
 27-Sep-20210.2701
 25-Aug-20210.2427
 26-Jul-20210.2598
 25-Jun-20210.2620
 25-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

Registrar & Transfer Agent: KFin Technologies 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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