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4 star

Nippon India Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 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 2.68 0.01 0.06 0.25 0.78 1.55 3.93 -- -- -- --
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 -- -- -- --
Debt: Overnight 2.66 0.01 0.06 0.26 0.78 1.53 3.90 -- -- -- --
Rank within category 8 19 22 19 12 9 7 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 0

As on 01-Oct-2020

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 3.93 -- -- 0.10 3,980
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.91 5.02 6.03 0.06 7,030
Axis Overnight Fund - Direct Plan  | Invest Online
4 star
Mar-19 3.89 -- -- 0.05 4,032
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 4.04 -- -- 0.09 2,082
Sundaram Overnight Fund - Direct Plan
5 star
Mar-19 3.94 -- -- 0.09 795

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 0.54 (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) 3.95 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 5.15 0.37 0.29 0.33 0.46 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-Sep-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 (%) 3.03 5.38 0.87 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-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:


0.01%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 108.8464

Dividend Weekly: ₹ 100.0565

More

Dividend Quarterly: ₹ 100.2903

Dividend Monthly: ₹ 100.1807

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: 4.85%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,980 Cr (As on 31-Aug-2020)
Expense: 0.10% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0086

 29-Sep-20200.0086
 28-Sep-20200.0086
 27-Sep-20200.0172
 25-Sep-20200.0086
 24-Sep-20200.0086
 23-Sep-20200.0086
 22-Sep-20200.0085
 21-Sep-20200.0086
 20-Sep-20200.0172
 18-Sep-20200.0086
 17-Sep-20200.0085
 16-Sep-20200.0086
 15-Sep-20200.0086
 14-Sep-20200.0085
 13-Sep-20200.0170
 11-Sep-20200.0086
 10-Sep-20200.0084
 09-Sep-20200.0085
 08-Sep-20200.0084
 07-Sep-20200.0083
 06-Sep-20200.0161
 04-Sep-20200.0080
 03-Sep-20200.0079
 02-Sep-20200.0079
Dividend Monthly25-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
 25-Apr-20190.3695
 25-Mar-20190.3404
 25-Feb-20190.3868
 25-Jan-20190.3785
Dividend Weekly25-Sep-20200.0601

 18-Sep-20200.0599
 11-Sep-20200.0584
 04-Sep-20200.0560
 28-Aug-20200.0576
 21-Aug-20200.0586
 14-Aug-20200.0595
 07-Aug-20200.0591
 31-Jul-20200.0599
 24-Jul-20200.0598
 17-Jul-20200.0591
 10-Jul-20200.0599
 03-Jul-20200.0565
 26-Jun-20200.0521
 19-Jun-20200.0558
 12-Jun-20200.0586
 05-Jun-20200.0602
 29-May-20200.0547
 22-May-20200.0588
 15-May-20200.0554
 08-May-20200.0370
 04-May-20200.1045
 24-Apr-20200.0629
 17-Apr-20200.0381
 13-Apr-20200.0861
Dividend Quarterly21-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

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