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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 1.02 0.01 0.06 0.25 0.72 1.46 2.97 -- -- -- --
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 -- -- -- --
Debt: Overnight 1.02 0.01 0.06 0.25 0.73 1.46 2.98 -- -- -- --
Rank within category 20 20 17 15 19 17 15 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 05-May-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 2.97 -- -- 0.19 4,567
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.04 -- -- 0.10 5,448
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.01 4.72 5.52 0.12 3,737
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.02 -- -- 0.18 1,217
Sundaram Overnight Fund - Regular Plan
4 star
Mar-19 2.92 -- -- 0.21 626

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* 3.56 0.38 -2.17 -5.20 -- --
Debt: Overnight* 4.49 0.39 0.24 0.78 0.61 0.62
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 30-Apr-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 (%) 3.39 3.66 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 -- - 0.10

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-Mar-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:


0.01%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 110.5478

IDCW Weekly: ₹ 100.0466

More

IDCW Quarterly: ₹ 100.6034

IDCW Monthly: ₹ 100.1876

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: 4.30%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,567 Cr (As on 31-Mar-2021)
Expense: 0.19% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-May-20210.0082

 03-May-20210.0083
 02-May-20210.0168
 30-Apr-20210.0084
 29-Apr-20210.0084
 28-Apr-20210.0083
 27-Apr-20210.0083
 26-Apr-20210.0083
 25-Apr-20210.0166
 23-Apr-20210.0082
 22-Apr-20210.0082
 21-Apr-20210.0083
 20-Apr-20210.0084
 19-Apr-20210.0083
 18-Apr-20210.0167
 16-Apr-20210.0083
 15-Apr-20210.0083
 14-Apr-20210.0165
 12-Apr-20210.0082
 11-Apr-20210.0159
 09-Apr-20210.0079
 08-Apr-20210.0075
 07-Apr-20210.0077
 06-Apr-20210.0076
 05-Apr-20210.0079
IDCW Weekly30-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
 18-Dec-20200.0571
 11-Dec-20200.0561
 04-Dec-20200.0537
 27-Nov-20200.0507
 20-Nov-20200.0506
 13-Nov-20200.0531
IDCW Monthly26-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
 25-Apr-20190.3639
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

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