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4 star

Nippon India Overnight Fund - Direct 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 1.40 0.01 0.06 0.27 0.80 1.55 3.08 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Overnight 1.41 0.01 0.06 0.27 0.80 1.55 3.09 -- -- -- --
Rank within category 19 20 18 19 17 19 16 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 14-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 - Direct Plan  | Invest Online
4 star
Dec-18 3.08 -- -- 0.10 5,552
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.10 -- -- 0.10 920
Sundaram Overnight Fund - Direct Plan
4 star
Mar-19 3.04 -- -- 0.10 539
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.14 -- -- 0.11 455
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.13 -- -- 0.11 409

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 0.54 01-Mar-2019 - 02-Apr-2019 0.21 22-Mar-2020 - 21-Apr-2020
Quarter 1.58 19-Dec-2018 - 20-Mar-2019 0.72 23-Mar-2020 - 22-Jun-2020
Year 5.80 21-Dec-2018 - 22-Dec-2019 3.02 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* 4.59 0.41 0.73 3.42 0.68 0.82
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:


0.01%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 111.1891

IDCW Weekly: ₹ 100.0310

More

IDCW Quarterly: ₹ 100.9687

IDCW Monthly: ₹ 100.2947

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: 4.35%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,552 Cr (As on 31-May-2021)
Expense: 0.10% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0086

 13-Jun-20210.0174
 11-Jun-20210.0086
 10-Jun-20210.0086
 09-Jun-20210.0084
 08-Jun-20210.0086
 07-Jun-20210.0086
 06-Jun-20210.0174
 04-Jun-20210.0087
 03-Jun-20210.0086
 02-Jun-20210.0087
 01-Jun-20210.0086
 31-May-20210.0085
 30-May-20210.0174
 28-May-20210.0087
 27-May-20210.0087
 26-May-20210.0087
 25-May-20210.0087
 24-May-20210.0088
 23-May-20210.0178
 21-May-20210.0088
 20-May-20210.0088
 19-May-20210.0088
 18-May-20210.0087
 17-May-20210.0087
IDCW Weekly11-Jun-20210.0602

 04-Jun-20210.0605
 28-May-20210.0615
 21-May-20210.0613
 14-May-20210.0611
 07-May-20210.0601
 30-Apr-20210.0600
 23-Apr-20210.0599
 16-Apr-20210.0589
 09-Apr-20210.0318
 05-Apr-20210.0879
 26-Mar-20210.0609
 19-Mar-20210.0604
 12-Mar-20210.0601
 05-Mar-20210.0591
 26-Feb-20210.0317
 22-Feb-20210.0716
 12-Feb-20210.0589
 05-Feb-20210.0593
 29-Jan-20210.0600
 22-Jan-20210.0595
 15-Jan-20210.0583
 08-Jan-20210.0552
 01-Jan-20210.0310
 28-Dec-20200.0853
IDCW Monthly25-May-20210.2528

 26-Apr-20210.2733
 25-Mar-20210.2408
 25-Feb-20210.2487
 25-Jan-20210.2279
 28-Dec-20200.2793
 25-Nov-20200.2340
 26-Oct-20200.2641
 25-Sep-20200.2582
 25-Aug-20200.2453
 27-Jul-20200.2675
 25-Jun-20200.2494
 26-May-20200.2531
 27-Apr-20200.2312
 26-Mar-20200.2775
 25-Feb-20200.2819
 27-Jan-20200.2973
 26-Dec-20190.2961
 25-Nov-20190.2983
 25-Oct-20190.2922
 25-Sep-20190.3110
 26-Aug-20190.3420
 25-Jul-20190.3365
 25-Jun-20190.3226
 27-May-20190.3755
IDCW Quarterly19-Mar-20210.7232

 21-Dec-20200.7406
 21-Sep-20200.7816
 19-Jun-20200.7433
 19-Mar-20200.8707
 19-Dec-20190.8893
 18-Sep-20191.0019
 18-Jun-20191.0924
 18-Mar-20190.9933

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