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2 star

IDFC Overnight Fund - Direct 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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(₹)
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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 2.49 0.01 0.06 0.26 0.78 1.57 3.09 -- -- -- --
CCIL T Bill Liquidity Weight 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 -- -- -- --
Debt: Overnight 2.50 0.01 0.06 0.26 0.78 1.58 3.11 -- -- -- --
Rank within category 20 8 2 18 17 20 22 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 18-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 - Direct Plan
2 star
Jan-19 3.09 -- -- 0.09% 1,325
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.11 -- -- 0.06% 2,078
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.11% 984
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11% 599
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.17 -- -- 0.12% 572

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 0.53 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 2.95 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* 4.26 0.39 0.81 4.41 0.68 0.73
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 18-Oct-2021

Growth: ₹ 1,116.8467

IDCW Weekly: ₹ 1,000.3796

More

IDCW Monthly: ₹ 1,001.6196

IDCW Daily: ₹ 1,000.0001

IDCW: ₹ 1,018.6062


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: 4.10%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,325 Cr (As on 30-Sep-2021)
Expense: 0.09% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily18-Oct-20210.0877

 17-Oct-20210.2822
 14-Oct-20210.0846
 13-Oct-20210.0808
 12-Oct-20210.0804
 11-Oct-20210.0811
 10-Oct-20210.1611
 08-Oct-20210.0805
 07-Oct-20210.0813
 06-Oct-20210.0838
 05-Oct-20210.0818
 04-Oct-20210.0832
 03-Oct-20210.1747
 01-Oct-20210.0874
 30-Sep-20210.0877
 29-Sep-20210.0874
 28-Sep-20210.0870
 27-Sep-20210.0872
 26-Sep-20210.1738
 24-Sep-20210.0869
 23-Sep-20210.0871
 22-Sep-20210.0875
 21-Sep-20210.0871
 20-Sep-20210.0865
 19-Sep-20210.1740
IDCW Weekly14-Oct-20210.4453

 08-Oct-20210.5752
 01-Oct-20210.6085
 24-Sep-20210.6161
 17-Sep-20210.6422
 09-Sep-20210.5107
 03-Sep-20210.5696
 27-Aug-20210.5772
 20-Aug-20210.5794
 13-Aug-20210.6109
 06-Aug-20210.5874
 30-Jul-20210.6540
 23-Jul-20210.6047
 16-Jul-20210.6252
 09-Jul-20210.5465
 02-Jul-20210.5560
 25-Jun-20210.6226
 18-Jun-20210.6156
 11-Jun-20210.6344
 04-Jun-20210.6310
 28-May-20210.6295
 21-May-20210.6169
 14-May-20210.6080
 07-May-20210.5991
 30-Apr-20210.6069
IDCW Monthly29-Sep-20212.5404

 30-Aug-20212.6522
 29-Jul-20212.5839
 29-Jun-20212.7637
 28-May-20212.5164
 29-Apr-20212.9107
 26-Mar-20212.4123
 26-Feb-20212.2971
 28-Jan-20212.5291
 28-Dec-20202.7094
 25-Nov-20202.1178
 28-Oct-20202.5384
 28-Sep-20202.6203
 28-Aug-20202.6081
 28-Jul-20202.6502
 26-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
IDCW25-Mar-20216.3827

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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