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Unrated

DSP Overnight Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.65 0.01 0.09 0.41 1.20 2.47 5.47 -- -- -- --
CCIL T Bill Liquidity Weight 0.51 0.02 0.10 0.34 0.89 1.83 4.10 -- -- -- --
Debt: Overnight 0.64 0.01 0.09 0.40 1.18 2.42 5.33 -- -- -- --
Rank within category 3 10 8 6 5 3 1 -- -- -- --
Number of funds in category 27 29 29 28 26 22 10 3 3 3 3

As on 19-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.15 (01-Mar-2019 - 10-Mar-2019) 0.09 (31-Dec-2019 - 07-Jan-2020)
Month 0.55 (01-Mar-2019 - 02-Apr-2019) 0.38 (09-Dec-2019 - 08-Jan-2020)
Quarter 1.57 (09-Jan-2019 - 10-Apr-2019) 1.18 (10-Oct-2019 - 09-Jan-2020)
Year 5.65 (11-Jan-2019 - 12-Jan-2020) 5.51 (07-Feb-2019 - 07-Feb-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.43 0.27 -1.11 -1.47 0.36 0.35
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- -- -- 0.01
Average Maturity (yrs) -- 0.01 0.01 0.01
Yield to Maturity (%) 5.03 7.69 4.87 4.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-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:

— Rahul Vekaria since 07-Jan-2019

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


0.01%

Change from previous, NAV as on 19-Feb-2020

Growth: ₹ 1,062.3286

Dividend Weekly: ₹ 1,000.7920

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 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-Jan-2019
Return Since Launch: 5.59%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 962 Cr (As on 31-Jan-2020)
Expense: 0.21% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Feb-20200.0927

 16-Feb-20200.0930
 14-Feb-20200.1946
 13-Feb-20200.0961
 12-Feb-20200.0939
 11-Feb-20200.0936
 10-Feb-20200.0942
 09-Feb-20200.0945
 07-Feb-20200.1923
 06-Feb-20200.0954
 05-Feb-20200.0944
 04-Feb-20200.0936
 03-Feb-20200.0942
 02-Feb-20200.0933
 31-Jan-20200.1899
 30-Jan-20200.0937
 29-Jan-20200.0941
 28-Jan-20200.0935
 27-Jan-20200.0950
 26-Jan-20200.0949
 24-Jan-20200.1931
 23-Jan-20200.0958
 22-Jan-20200.0955
 21-Jan-20200.0952
 20-Jan-20200.0957
Dividend Weekly12-Feb-20200.6644

 05-Feb-20200.6602
 29-Jan-20200.6669
 22-Jan-20200.6681
 15-Jan-20200.6587
 08-Jan-20200.6301
 01-Jan-20200.6301
 25-Dec-20190.6414
 18-Dec-20190.6445
 11-Dec-20190.6441
 04-Dec-20190.6563
 27-Nov-20190.6698
 20-Nov-20190.6578
 13-Nov-20190.6667
 06-Nov-20190.6541
 30-Oct-20190.6503
 23-Oct-20190.6695
 16-Oct-20190.6432
 09-Oct-20190.6731
 02-Oct-20190.7090
 25-Sep-20190.7121
 18-Sep-20190.7107
 11-Sep-20190.7035
 04-Sep-20190.7115
 28-Aug-20190.7082

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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