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5 star

DSP Overnight Fund - Regular 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.19 0.01 0.05 0.24 0.75 1.51 3.64 -- -- -- --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 -- -- -- --
Debt: Overnight 3.04 0.01 0.05 0.23 0.73 1.48 3.48 -- -- -- --
Rank within category 2 5 5 4 5 5 2 -- -- -- --
Number of funds in category 28 30 30 30 30 30 27 3 3 3 3

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.64 -- -- 0.17 1,992
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.53 4.93 5.78 0.12 5,709
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.51 -- -- 0.19 3,926
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.54 -- -- 0.12 3,890
Sundaram Overnight Fund - Regular Plan
5 star
Mar-19 3.50 -- -- 0.20 1,020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.15 (01-Mar-2019 - 10-Mar-2019) 0.03 (26-Mar-2020 - 02-Apr-2020)
Month 0.55 (01-Mar-2019 - 02-Apr-2019) 0.23 (28-Oct-2020 - 27-Nov-2020)
Quarter 1.57 (09-Jan-2019 - 10-Apr-2019) 0.74 (28-Aug-2020 - 27-Nov-2020)
Year 5.65 (11-Jan-2019 - 12-Jan-2020) 3.63 (28-Nov-2019 - 27-Nov-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.89 0.32 -3.35 -6.53 -- --
Debt: Overnight* 4.87 0.37 -0.32 -0.50 0.48 0.41
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-Oct-2020

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 (%) 3.15 5.10 1.91 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Oct-2020

Fund Manager

— Kedar Karnik since 07-Jan-2019

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:


--

Change from previous, NAV as on 30-Nov-2020

Growth: ₹ 1,089.3806

Dividend Weekly: ₹ 1,000.3172

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-Jan-2019
Return Since Launch: 4.63%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,992 Cr (As on 31-Oct-2020)
Expense: 0.17% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.2360

 26-Nov-20200.0767
 25-Nov-20200.0694
 24-Nov-20200.0702
 23-Nov-20200.0752
 22-Nov-20200.0765
 21-Nov-20200.1549
 19-Nov-20200.0762
 18-Nov-20200.0701
 17-Nov-20200.0711
 16-Nov-20200.0738
 13-Nov-20200.2189
 12-Nov-20200.0704
 11-Nov-20200.0771
 10-Nov-20200.0780
 09-Nov-20200.0775
 08-Nov-20200.0778
 06-Nov-20200.1634
 05-Nov-20200.0763
 04-Nov-20200.0784
 03-Nov-20200.0779
 02-Nov-20200.0794
 01-Nov-20200.0793
 29-Oct-20200.2450
 28-Oct-20200.0787
Dividend Weekly25-Nov-20200.5318

 18-Nov-20200.4976
 11-Nov-20200.5448
 04-Nov-20200.5523
 28-Oct-20200.5651
 21-Oct-20200.5740
 14-Oct-20200.5966
 07-Oct-20200.5989
 30-Sep-20200.5961
 23-Sep-20200.5971
 16-Sep-20200.5942
 09-Sep-20200.5651
 02-Sep-20200.5556
 26-Aug-20200.5674
 19-Aug-20200.5941
 12-Aug-20200.6047
 05-Aug-20200.6050
 29-Jul-20200.5876
 22-Jul-20200.5871
 15-Jul-20200.5767
 08-Jul-20200.5834
 01-Jul-20200.5499
 24-Jun-20200.5478
 17-Jun-20200.5499
 10-Jun-20200.5834

Contact Information

AMC: DSP Investment Managers Pvt. Ltd.

Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069

Phone: 022-66178000

Fax: 022-56578181

Website: https://www.dspim.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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