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4 star

Axis 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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(₹)
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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 2.94 0.01 0.06 0.27 0.80 1.57 3.13 -- -- -- --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 -- -- -- --
Debt: Overnight 2.89 0.01 0.06 0.26 0.78 1.55 3.08 -- -- -- --
Rank within category 5 5 2 4 3 5 4 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 8,428
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.11 4.09 4.57 0.12% 6,655
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.09 -- -- 0.14% 1,926
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.16% 1,058
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
4 star
Oct-19 3.14 -- -- 0.21% 508

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.12 26-Mar-2019 - 02-Apr-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.49 09-Apr-2019 - 09-May-2019 0.18 23-Mar-2020 - 22-Apr-2020
Quarter 1.46 17-Mar-2019 - 16-Jun-2019 0.69 23-Mar-2020 - 22-Jun-2020
Year 5.32 17-Mar-2019 - 16-Mar-2020 2.97 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 3.95 0.36 0.44 2.24 0.60 0.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.37 3.38 2.92 3.34
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 CBLO -- - 99.40

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-Nov-2021

Fund Manager

— Aditya Pagaria since 07-Mar-2019

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:

— Sachin Jain since 09-Nov-2021

Education: Mr. Jain is a B.Tech, AGMP (Management)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 1,110.2163

IDCW Weekly: ₹ 1,000.8454

More

IDCW Monthly: ₹ 1,001.9867

IDCW Daily: ₹ 1,000.5032


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.

Investment Details

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

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 15-Mar-2019
Return Since Launch: 3.89%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 8,428 Cr (As on 30-Nov-2021)
Expense: 0.12% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Dec-20210.0869

 07-Dec-20210.0873
 06-Dec-20210.0856
 05-Dec-20210.0941
 04-Dec-20210.0939
 03-Dec-20210.0941
 02-Dec-20210.0854
 01-Dec-20210.0867
 30-Nov-20210.0884
 29-Nov-20210.0867
 28-Nov-20210.0862
 27-Nov-20210.0858
 26-Nov-20210.0860
 25-Nov-20210.0861
 24-Nov-20210.0876
 23-Nov-20210.0958
 22-Nov-20210.1019
 21-Nov-20210.0952
 20-Nov-20210.0952
 19-Nov-20210.0951
 18-Nov-20210.0951
 17-Nov-20210.0855
 16-Nov-20210.0850
 15-Nov-20210.0854
 14-Nov-20210.0850
IDCW Weekly06-Dec-20210.6291

 29-Nov-20210.6160
 22-Nov-20210.6535
 15-Nov-20210.5978
 08-Nov-20210.6388
 01-Nov-20210.6106
 25-Oct-20210.6162
 18-Oct-20210.5830
 11-Oct-20210.5710
 04-Oct-20210.6204
 27-Sep-20210.6092
 20-Sep-20210.5985
 13-Sep-20210.5787
 06-Sep-20210.5553
 30-Aug-20210.5719
 23-Aug-20210.4850
 17-Aug-20210.6469
 09-Aug-20210.5683
 02-Aug-20210.5879
 26-Jul-20210.5985
 19-Jul-20210.5961
 12-Jul-20210.5886
 05-Jul-20210.6088
 28-Jun-20210.5988
 21-Jun-20210.6075
IDCW Monthly25-Nov-20212.7764

 25-Oct-20212.3934
 27-Sep-20212.7512
 25-Aug-20212.4500
 26-Jul-20212.6519
 25-Jun-20212.6581
 25-May-20212.5255
 26-Apr-20212.7020
 25-Mar-20212.4083
 25-Feb-20212.4605
 25-Jan-20212.3014
 28-Dec-20202.6795
 25-Nov-20202.2625
 26-Oct-20202.5952
 25-Sep-20202.5621
 25-Aug-20202.4235
 27-Jul-20202.6368
 25-Jun-20202.4340
 26-May-20202.5087
 27-Apr-20202.0800
 26-Mar-20202.5340
 25-Feb-20202.7600
 27-Jan-20202.9333
 26-Dec-20192.8968
 25-Nov-20192.9370

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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