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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 1.04 0.01 0.06 0.25 0.74 1.49 3.04 -- -- -- --
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 -- -- -- --
Debt: Overnight 1.02 0.01 0.06 0.25 0.73 1.46 2.98 -- -- -- --
Rank within category 4 6 4 7 5 8 5 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 05-May-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 3.04 -- -- 0.10 5,448
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 2.97 -- -- 0.19 4,567
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.01 4.72 5.52 0.12 3,737
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.02 -- -- 0.18 1,217
Sundaram Overnight Fund - Regular Plan
4 star
Mar-19 2.92 -- -- 0.21 626

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* 3.56 0.38 -2.17 -5.20 -- --
Debt: Overnight* 4.49 0.39 0.24 0.78 0.61 0.62
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-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.38 3.89 2.89 --
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 31-Mar-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:


0.01%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 1,089.8098

IDCW Weekly: ₹ 1,000.8399

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IDCW Monthly: ₹ 1,001.6082

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: 4.10%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,448 Cr (As on 31-Mar-2021)
Expense: 0.10% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-May-20210.0841

 03-May-20210.0850
 02-May-20210.0865
 01-May-20210.0865
 30-Apr-20210.0863
 29-Apr-20210.0860
 28-Apr-20210.0853
 27-Apr-20210.0851
 26-Apr-20210.0849
 25-Apr-20210.0845
 24-Apr-20210.0845
 23-Apr-20210.0841
 22-Apr-20210.0834
 21-Apr-20210.0862
 20-Apr-20210.0858
 19-Apr-20210.0849
 18-Apr-20210.0858
 17-Apr-20210.0858
 16-Apr-20210.0858
 15-Apr-20210.0848
 14-Apr-20210.0845
 13-Apr-20210.0844
 12-Apr-20210.0845
 11-Apr-20210.0790
 10-Apr-20210.0789
IDCW Weekly03-May-20210.6012

 26-Apr-20210.5939
 19-Apr-20210.5965
 12-Apr-20210.5448
 05-Apr-20210.5289
 30-Mar-20210.6979
 22-Mar-20210.6103
 15-Mar-20210.6054
 08-Mar-20210.5886
 01-Mar-20210.5679
 22-Feb-20210.4742
 15-Feb-20210.5755
 08-Feb-20210.5889
 01-Feb-20210.5943
 25-Jan-20210.5931
 18-Jan-20210.5775
 11-Jan-20210.5826
 04-Jan-20210.5483
 28-Dec-20200.5866
 21-Dec-20200.5927
 14-Dec-20200.5721
 07-Dec-20200.4728
 01-Dec-20200.5927
 23-Nov-20200.4361
 17-Nov-20200.5720
IDCW Monthly26-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
 25-Oct-20192.8503
 25-Sep-20193.0660
 26-Aug-20193.3422
 25-Jul-20193.3159
 25-Jun-20193.2175
 27-May-20193.6572
 25-Apr-20194.4852

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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