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3 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 2.52 0.01 0.06 0.26 0.78 1.57 3.10 -- -- -- --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 -- -- -- --
Debt: Overnight 2.53 0.01 0.06 0.26 0.78 1.58 3.11 -- -- -- --
Rank within category 19 7 19 26 19 19 17 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 21-Oct-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
3 star
Dec-18 3.10 -- -- 0.10% 7,372
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.11 -- -- 0.06% 2,078
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.11% 984
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11% 599
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.18 -- -- 0.12% 572

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* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.26 0.39 0.81 4.41 0.68 0.73
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.29 3.39 2.97 3.32
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 -- - 0.01

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 30-Sep-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 21-Oct-2021

Growth: ₹ 112.4119

IDCW Weekly: ₹ 100.0314

More

IDCW Quarterly: ₹ 100.4832

IDCW Monthly: ₹ 100.3255

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: 4.20%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,372 Cr (As on 30-Sep-2021)
Expense: 0.10% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.0089

 20-Oct-20210.0087
 19-Oct-20210.0088
 18-Oct-20210.0087
 17-Oct-20210.0254
 14-Oct-20210.0085
 13-Oct-20210.0080
 12-Oct-20210.0081
 11-Oct-20210.0082
 10-Oct-20210.0162
 08-Oct-20210.0081
 07-Oct-20210.0083
 06-Oct-20210.0082
 05-Oct-20210.0084
 04-Oct-20210.0087
 03-Oct-20210.0174
 01-Oct-20210.0087
 30-Sep-20210.0090
 29-Sep-20210.0088
 28-Sep-20210.0087
 27-Sep-20210.0086
 26-Sep-20210.0175
 24-Sep-20210.0087
 23-Sep-20210.0087
 22-Sep-20210.0088
IDCW Weekly18-Oct-20210.0832

 08-Oct-20210.0591
 01-Oct-20210.0611
 24-Sep-20210.0610
 17-Sep-20210.0342
 13-Sep-20210.0825
 03-Sep-20210.0573
 27-Aug-20210.0580
 20-Aug-20210.0580
 13-Aug-20210.0573
 06-Aug-20210.0589
 30-Jul-20210.0600
 23-Jul-20210.0606
 16-Jul-20210.0602
 09-Jul-20210.0600
 02-Jul-20210.0604
 25-Jun-20210.0613
 18-Jun-20210.0610
 11-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
IDCW Monthly27-Sep-20210.2783

 25-Aug-20210.2501
 26-Jul-20210.2676
 25-Jun-20210.2697
 25-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
IDCW Quarterly20-Sep-20210.7709

 21-Jun-20210.8146
 19-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

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