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5 star

DSP Overnight Fund - Direct 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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(₹)
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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 2.76 0.01 0.06 0.26 0.78 1.60 4.05 -- -- -- --
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 -- -- -- --
Debt: Overnight 2.63 0.01 0.06 0.26 0.78 1.51 3.91 -- -- -- --
Rank within category 3 18 7 7 6 3 3 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 0

As on 28-Sep-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
5 star
Jan-19 4.05 -- -- 0.09 2,082
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.93 5.03 6.09 0.06 7,030
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.94 -- -- 0.10 3,980
SBI Overnight Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.87 5.34 5.83 0.11 12,314
HDFC Overnight Fund - Direct Plan  | Invest Online
1 star
Jan-13 3.84 5.31 5.72 0.10 11,844

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 (09-Jun-2020 - 09-Jul-2020)
Quarter 1.60 (09-Jan-2019 - 10-Apr-2019) 0.76 (09-Jun-2020 - 08-Sep-2020)
Year 5.75 (11-Jan-2019 - 12-Jan-2020) 4.05 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight* 5.22 0.35 0.28 0.30 0.40 0.55
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.11 5.43 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-Aug-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 28-Sep-2020

Growth: ₹ 1,085.6155

Dividend Weekly: ₹ 1,000.3394

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: 4.89%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,082 Cr (As on 31-Aug-2020)
Expense: 0.09% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.1775

 24-Sep-20200.0854
 23-Sep-20200.0857
 22-Sep-20200.0863
 21-Sep-20200.0864
 20-Sep-20200.0865
 18-Sep-20200.1763
 17-Sep-20200.0858
 16-Sep-20200.0861
 15-Sep-20200.0863
 14-Sep-20200.0868
 13-Sep-20200.0858
 11-Sep-20200.1754
 10-Sep-20200.0844
 09-Sep-20200.0852
 08-Sep-20200.0848
 07-Sep-20200.0840
 06-Sep-20200.0848
 04-Sep-20200.1646
 03-Sep-20200.0799
 02-Sep-20200.0809
 01-Sep-20200.0802
 31-Aug-20200.0802
 30-Aug-20200.0804
 28-Aug-20200.1662
Dividend Weekly23-Sep-20200.6171

 16-Sep-20200.6092
 09-Sep-20200.5920
 02-Sep-20200.5768
 26-Aug-20200.5740
 19-Aug-20200.6010
 12-Aug-20200.6083
 05-Aug-20200.6109
 29-Jul-20200.6041
 22-Jul-20200.5990
 15-Jul-20200.5993
 08-Jul-20200.6016
 01-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

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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