VR Logo

Unrated

DSP Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.04 0.01 0.06 0.25 0.81 1.95 4.60 -- -- -- --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 -- -- -- --
Debt: Overnight 1.92 0.01 0.06 0.24 0.76 1.84 4.44 -- -- -- --
Rank within category 3 10 10 6 4 3 1 -- -- -- --
Number of funds in category 28 30 30 30 30 28 18 3 3 3 0

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-19 4.60 -- -- 0.08 2,696
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.38 5.53 5.90 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.41 5.56 6.04 0.11 12,348
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.40 -- -- 0.10 10,566
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.44 -- -- 0.10 8,257

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 0.56 (01-Mar-2019 - 02-Apr-2019) 0.25 (03-Jun-2020 - 03-Jul-2020)
Quarter 1.60 (09-Jan-2019 - 10-Apr-2019) 0.79 (25-Mar-2020 - 24-Jun-2020)
Year 5.75 (11-Jan-2019 - 12-Jan-2020) 4.61 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.40 0.33 0.38 0.38 0.25 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 2
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.31 6.15 1.91 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 31-May-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:


0.01%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 1,077.9777

Dividend Weekly: ₹ 1,000.4314

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: 5.16%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,696 Cr (As on 31-May-2020)
Expense: 0.08% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily06-Jul-20200.0851

 05-Jul-20200.0851
 03-Jul-20200.1722
 02-Jul-20200.0839
 01-Jul-20200.0805
 30-Jun-20200.0826
 29-Jun-20200.0831
 28-Jun-20200.0809
 27-Jun-20200.1585
 25-Jun-20200.0770
 24-Jun-20200.0707
 23-Jun-20200.0772
 22-Jun-20200.0815
 21-Jun-20200.0826
 20-Jun-20200.1667
 18-Jun-20200.0822
 17-Jun-20200.0781
 16-Jun-20200.0794
 15-Jun-20200.0799
 14-Jun-20200.0794
 12-Jun-20200.1659
 11-Jun-20200.0808
 10-Jun-20200.0810
 09-Jun-20200.0834
 08-Jun-20200.0851
Dividend Weekly01-Jul-20200.5632

 24-Jun-20200.5607
 17-Jun-20200.5626
 10-Jun-20200.5983
 03-Jun-20200.6049
 27-May-20200.5614
 20-May-20200.6272
 13-May-20200.6161
 06-May-20200.6908
 29-Apr-20200.6498
 22-Apr-20200.6774
 15-Apr-20200.7232
 08-Apr-20200.6937
 31-Mar-20200.3269
 25-Mar-20200.5787
 18-Mar-20200.6573
 11-Mar-20200.6707
 04-Mar-20200.6547
 26-Feb-20200.6784
 19-Feb-20200.6796
 12-Feb-20200.6779
 05-Feb-20200.6735
 29-Jan-20200.6807
 22-Jan-20200.6820
 15-Jan-20200.6723

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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM