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5 star

DSP 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.03 0.01 0.06 0.25 0.73 1.47 3.02 -- -- -- --
CCIL T Bill Liquidity Weight 0.67 0.03 0.04 0.18 0.52 0.98 2.24 -- -- -- --
Debt: Overnight 1.04 0.01 0.06 0.25 0.73 1.46 2.97 -- -- -- --
Rank within category 20 24 25 18 18 10 9 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 07-May-2021

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 3.02 -- -- 0.18 1,217
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 2.97 -- -- 0.19 6,370
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 3.00 4.71 5.52 0.12 4,686
Sundaram Overnight Fund - Regular Plan
4 star
Mar-19 2.92 -- -- 0.21 685

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 04-Nov-2020 - 04-Dec-2020
Quarter 1.57 09-Jan-2019 - 10-Apr-2019 0.72 18-Oct-2020 - 17-Jan-2021
Year 5.65 11-Jan-2019 - 12-Jan-2020 3.02 07-May-2020 - 07-May-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 3.80 3.04 --
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 30-Apr-2021

*As on 31-Mar-2021

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 09-May-2021

Growth: ₹ 1,103.6170

IDCW Weekly: ₹ 1,000.2521

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-Jan-2019
Return Since Launch: 4.32%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,217 Cr (As on 30-Apr-2021)
Expense: 0.18% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-May-20210.0839

 05-May-20210.0828
 04-May-20210.0825
 03-May-20210.0819
 02-May-20210.0823
 01-May-20210.1674
 29-Apr-20210.0833
 28-Apr-20210.0831
 27-Apr-20210.0829
 26-Apr-20210.0829
 25-Apr-20210.0827
 24-Apr-20210.1655
 22-Apr-20210.0824
 21-Apr-20210.0815
 20-Apr-20210.0833
 19-Apr-20210.0828
 18-Apr-20210.0827
 17-Apr-20210.1656
 15-Apr-20210.0828
 14-Apr-20210.0833
 13-Apr-20210.1643
 11-Apr-20210.0818
 10-Apr-20210.1587
 08-Apr-20210.0790
 07-Apr-20210.0764
IDCW Weekly05-May-20210.5788

 28-Apr-20210.5801
 21-Apr-20210.5786
 14-Apr-20210.5689
 07-Apr-20210.3108
 31-Mar-20210.8584
 24-Mar-20210.5898
 17-Mar-20210.5852
 10-Mar-20210.5826
 03-Mar-20210.5727
 24-Feb-20210.5007
 17-Feb-20210.5074
 10-Feb-20210.5704
 03-Feb-20210.5780
 27-Jan-20210.5837
 20-Jan-20210.5703
 13-Jan-20210.5669
 06-Jan-20210.5214
 30-Dec-20200.5673
 23-Dec-20200.5886
 16-Dec-20200.5725
 09-Dec-20200.5698
 02-Dec-20200.5500
 25-Nov-20200.5318
 18-Nov-20200.4976

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over