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4 star

Axis Overnight Fund - Regular Plan download report


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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Axis Overnight Fund Reg-G 1.33 0.01 0.08 0.31 0.86 1.72 3.32 3.71 -- -- --
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 -- -- --
Debt: Overnight 1.30 0.01 0.07 0.31 0.84 1.69 3.26 3.64 -- -- --
Rank within category 3 2 5 6 6 4 5 2 -- -- --
Number of funds in category 29 30 30 30 30 29 29 16 3 3 3

As on 19-May-2022

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 3.32 3.71 -- 0.12% 9,563
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.29 3.68 4.52 0.12% 7,166
Edelweiss Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.24 -- -- 0.16% 537
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.32 -- -- 0.21% 511
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.29 3.70 -- 0.14% 410

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
Axis Overnight Fund Reg-G 3.68 0.28 0.54 2.30 0.48 0.47
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Overnight 3.61 0.28 0.29 1.39 0.49 0.41
Rank within category 3 3 3 3 4 3
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 4 2 2
Modified Duration (yrs) 0.01 0.01 0.00 0.01
Average Maturity (yrs) 0.01 0.01 0.00 0.01
Yield to Maturity (%) 3.94 3.94 3.09 3.94
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 26/05/2022 Treasury Bills SOV 0.00 - 1.56 1.56
new Reserve Bank of India 91-D 19/05/2022 Treasury Bills SOV 0.00 - 0.47 0.47
new Reserve Bank of India 182-D 12/05/2022 Treasury Bills SOV 0.00 - 0.47 0.47
new Reserve Bank of India 91-D 12/05/2022 Treasury Bills SOV 0.00 - 0.26 0.26
equal Others CBLO -- - 97.07

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-Apr-2022

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 20-May-2022

Growth: ₹ 1,127.4708

IDCW Weekly: ₹ 1,001.0005

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IDCW Monthly: ₹ 1,003.4867

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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) --
Min. 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: 3.84%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,563 Cr (As on 30-Apr-2022)
Expense: 0.12% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily19-May-20220.1074

 18-May-20220.1061
 17-May-20220.1084
 16-May-20220.1074
 15-May-20220.1074
 14-May-20220.1070
 13-May-20220.1069
 12-May-20220.1076
 11-May-20220.1070
 10-May-20220.1055
 09-May-20220.1074
 08-May-20220.1101
 07-May-20220.1096
 06-May-20220.1101
 05-May-20220.1084
 04-May-20220.0935
 03-May-20220.0994
 02-May-20220.0988
 01-May-20220.1044
 30-Apr-20220.1034
 29-Apr-20220.1028
 28-Apr-20220.0994
 27-Apr-20220.0990
 26-Apr-20220.0998
 25-Apr-20220.0965
IDCW Weekly17-May-20220.8598

 09-May-20220.7436
 02-May-20220.7135
 25-Apr-20220.6791
 18-Apr-20220.6743
 11-Apr-20220.6334
 04-Apr-20220.6788
 28-Mar-20220.6313
 21-Mar-20220.6489
 14-Mar-20220.6286
 07-Mar-20220.6169
 28-Feb-20220.6195
 21-Feb-20220.6273
 14-Feb-20220.5358
 08-Feb-20220.7166
 31-Jan-20220.6735
 24-Jan-20220.7731
 17-Jan-20220.6349
 10-Jan-20220.6358
 03-Jan-20220.6328
 27-Dec-20210.6483
 20-Dec-20210.6697
 13-Dec-20210.6093
 06-Dec-20210.6291
 29-Nov-20210.6160
IDCW Monthly25-Apr-20222.9355

 25-Mar-20222.5182
 25-Feb-20222.8134
 25-Jan-20222.7806
 27-Dec-20212.9051
 25-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

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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