VR Logo

Unrated

IDFC Overnight Fund - Regular 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 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 1.82 0.01 0.06 0.22 0.71 1.71 4.26 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: Overnight 1.88 0.01 0.06 0.23 0.73 1.78 4.30 -- -- -- --
Rank within category 24 23 29 29 21 26 15 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 09-Jul-2020

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
Unrated
Jan-19 4.26 -- -- 0.19 2,572
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.26 5.43 5.82 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.32 5.48 5.92 0.18 12,348
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.28 -- -- 0.20 10,566
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.29 -- -- 0.22 8,257

Best & Worst Performance

Best (Period) Worst (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) 4.29 (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* 5.16 0.32 -0.48 -0.60 0.24 0.16
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 -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.15 5.75 0.39 --

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

— 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.


0.01%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 1,072.1774

Dividend Monthly: ₹ 1,000.9924

Dividend Daily: ₹ 1,000.0001


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
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 18-Jan-2019
Return Since Launch: 4.84%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,572 Cr (As on 31-May-2020)
Expense: 0.19% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0803

 08-Jul-20200.0795
 07-Jul-20200.0797
 06-Jul-20200.0813
 05-Jul-20200.1529
 04-Jul-20200.1529
 03-Jul-20200.0765
 02-Jul-20200.0729
 01-Jul-20200.0726
 30-Jun-20200.0783
 29-Jun-20200.0724
 28-Jun-20200.1456
 27-Jun-20200.1456
 26-Jun-20200.0729
 25-Jun-20200.0510
 24-Jun-20200.0587
 23-Jun-20200.0542
 22-Jun-20200.0774
 21-Jun-20200.1539
 20-Jun-20200.1539
 19-Jun-20200.0771
 18-Jun-20200.0731
 17-Jun-20200.0749
 16-Jun-20200.0754
 15-Jun-20200.0748
Dividend Weekly03-Jul-20200.5240

 26-Jun-20200.4690
 19-Jun-20200.5294
 12-Jun-20200.5579
 05-Jun-20200.5664
 29-May-20200.5138
 28-May-20200.5138
 22-May-20200.5556
 15-May-20200.5213
 08-May-20200.7124
 30-Apr-20200.4434
 24-Apr-20200.5779
 17-Apr-20200.6696
 09-Apr-20200.3331
 03-Apr-20200.0903
 27-Mar-20200.2334
 20-Mar-20200.6030
 13-Mar-20200.6460
 06-Mar-20200.6450
 28-Feb-20200.7490
 20-Feb-20200.5647
 14-Feb-20200.6553
 07-Feb-20200.6510
 31-Jan-20200.6600
 24-Jan-20200.6610
Dividend Monthly26-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
 29-Aug-20193.0869
 30-Jul-20193.5936
 27-Jun-20193.0357
 30-May-20193.8617
 26-Apr-20193.5399
 28-Mar-20193.4468
 27-Feb-20193.4085
 30-Jan-20191.6066

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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

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