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Unrated

IDFC 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 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 1.90 0.01 0.06 0.23 0.75 1.78 4.39 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Overnight 1.95 0.01 0.06 0.24 0.76 1.82 4.41 -- -- -- --
Rank within category 23 10 25 26 18 24 12 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

As on 10-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 - Direct Plan
Unrated
Jan-19 4.39 -- -- 0.07 2,655
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.36 5.52 5.90 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.39 5.55 6.03 0.11 13,825
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.37 -- -- 0.10 10,011
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.42 -- -- 0.10 7,621

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 0.53 (03-Mar-2019 - 02-Apr-2019) 0.16 (23-Mar-2020 - 22-Apr-2020)
Quarter 1.57 (19-Jan-2019 - 20-Apr-2019) 0.67 (23-Mar-2020 - 22-Jun-2020)
Year 5.64 (19-Jan-2019 - 19-Jan-2020) 4.38 (11-Jul-2019 - 10-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 -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.15 5.75 0.39 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-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 12-Jul-2020

Growth: ₹ 1,074.4202

Dividend Weekly: ₹ 1,000.1705

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Dividend Monthly: ₹ 1,001.2917

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: 4.97%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,655 Cr (As on 30-Jun-2020)
Expense: 0.07% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.1684

 11-Jul-20200.1684
 10-Jul-20200.0842
 09-Jul-20200.0838
 08-Jul-20200.0831
 07-Jul-20200.0832
 06-Jul-20200.0849
 05-Jul-20200.1599
 04-Jul-20200.1599
 03-Jul-20200.0800
 02-Jul-20200.0766
 01-Jul-20200.0762
 30-Jun-20200.0819
 29-Jun-20200.0759
 28-Jun-20200.1527
 27-Jun-20200.1527
 26-Jun-20200.0764
 25-Jun-20200.0543
 24-Jun-20200.0620
 23-Jun-20200.0579
 22-Jun-20200.0810
 21-Jun-20200.1611
 20-Jun-20200.1611
 19-Jun-20200.0805
 18-Jun-20200.0768
Dividend Weekly10-Jul-20200.5818

 03-Jul-20200.5404
 26-Jun-20200.4933
 19-Jun-20200.5524
 12-Jun-20200.5850
 05-Jun-20200.5910
 29-May-20200.5438
 28-May-20200.5438
 22-May-20200.5765
 15-May-20200.5444
 08-May-20200.7411
 30-Apr-20200.4956
 24-Apr-20200.6084
 17-Apr-20200.7050
 09-Apr-20200.3577
 03-Apr-20200.1204
 27-Mar-20200.2515
 20-Mar-20200.6219
 13-Mar-20200.6700
 06-Mar-20200.6688
 28-Feb-20200.7760
 20-Feb-20200.5820
 14-Feb-20200.6756
 07-Feb-20200.6716
 31-Jan-20200.6809
Dividend Monthly26-Jun-20202.3065

 28-May-20202.5044
 28-Apr-20202.0577
 27-Mar-20202.2509
 28-Feb-20203.0191
 28-Jan-20202.9892
 27-Dec-20192.7552
 28-Nov-20192.9231

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

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