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2 star

IDFC 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 2.37 0.01 0.05 0.25 0.75 1.52 2.98 -- -- -- --
CCIL T Bill Liquidity Weight 1.64 0.03 0.06 0.17 0.57 1.12 2.12 -- -- -- --
Debt: Overnight 2.40 0.01 0.06 0.25 0.76 1.54 3.02 -- -- -- --
Rank within category 25 15 27 27 25 24 26 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 14-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Overnight Fund - Regular Plan
2 star
Jan-19 2.98 -- -- 0.19 1,325
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.15 9,944
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.04 4.25 4.82 0.12 7,068
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13 2,078
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.05 -- -- 0.16 984

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.14 26-Mar-2019 - 02-Apr-2019 0.01 23-Mar-2020 - 30-Mar-2020
Month 0.52 03-Mar-2019 - 02-Apr-2019 0.15 23-Mar-2020 - 22-Apr-2020
Quarter 1.54 19-Jan-2019 - 20-Apr-2019 0.63 23-Mar-2020 - 22-Jun-2020
Year 5.51 19-Jan-2019 - 19-Jan-2020 2.82 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.10 0.37 0.37 1.97 0.64 0.54
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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.29 3.37 2.14 3.32
Avg Credit Rating CASH -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others Margin Money -- - 0.50

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2021

Fund Manager

— Brijesh Shah since 01-Feb-2019

Education: Mr. Shah is a Post Graduate Diploma in Finance.

Experience: Prior to joining IDFC Mutual Fund he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.

Funds Managed:


0.01%

Change from previous, NAV as on 15-Oct-2021

Growth: ₹ 1,112.8988

IDCW Monthly: ₹ 1,001.2982

More

IDCW Daily: ₹ 1,000.0914

IDCW: ₹ 1,018.2913


Investment Strategy

The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Jan-2019
Return Since Launch: 3.98%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,325 Cr (As on 30-Sep-2021)
Expense: 0.19% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Oct-20210.0819

 13-Oct-20210.0780
 12-Oct-20210.0777
 11-Oct-20210.0783
 10-Oct-20210.1555
 08-Oct-20210.0778
 07-Oct-20210.0786
 06-Oct-20210.0811
 05-Oct-20210.0791
 04-Oct-20210.0805
 03-Oct-20210.1692
 01-Oct-20210.0846
 30-Sep-20210.0849
 29-Sep-20210.0852
 28-Sep-20210.0842
 27-Sep-20210.0845
 26-Sep-20210.1683
 24-Sep-20210.0842
 23-Sep-20210.0843
 22-Sep-20210.0846
 21-Sep-20210.0844
 20-Sep-20210.0857
 19-Sep-20210.1684
 17-Sep-20210.0841
 16-Sep-20210.0833
IDCW Weekly08-Oct-20210.5635

 01-Oct-20210.5959
 24-Sep-20210.5892
 17-Sep-20210.6548
 09-Sep-20210.4759
 03-Sep-20210.5643
 27-Aug-20210.5632
 20-Aug-20210.5494
 13-Aug-20210.5524
 06-Aug-20210.5707
 30-Jul-20210.5748
 23-Jul-20210.5814
 16-Jul-20210.5972
 09-Jul-20210.5839
 02-Jul-20210.5795
 25-Jun-20210.5819
 18-Jun-20210.5817
 11-Jun-20210.5819
 04-Jun-20210.5887
 28-May-20210.5941
 21-May-20210.5908
 14-May-20210.5886
 07-May-20210.5888
 30-Apr-20210.5808
 23-Apr-20210.5893
IDCW Monthly29-Sep-20212.4558

 30-Aug-20212.5655
 29-Jul-20212.5113
 29-Jun-20212.6874
 28-May-20212.4482
 29-Apr-20212.8174
 26-Mar-20212.3343
 26-Feb-20212.2130
 28-Jan-20212.4235
 28-Dec-20202.5996
 25-Nov-20202.0210
 28-Oct-20202.4404
 28-Sep-20202.5148
 28-Aug-20202.5030
 28-Jul-20202.5326
 26-Jun-20202.2093
 28-May-20202.3548
 28-Apr-20201.9408
 27-Mar-20202.1273
 28-Feb-20202.9087
 28-Jan-20202.8962
 27-Dec-20192.6296
 28-Nov-20192.7402
 30-Oct-20193.0836
 27-Sep-20192.9362

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over