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Unrated

Axis Overnight Fund - Regular 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 1.91 0.01 0.06 0.24 0.75 1.80 4.38 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: Overnight 1.88 0.01 0.06 0.23 0.73 1.78 4.30 -- -- -- --
Rank within category 8 12 12 6 7 8 4 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 09-Jul-2020

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  | Invest Online
Unrated
Mar-19 4.38 -- -- 0.10 4,259
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.26 5.43 5.82 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.32 5.48 5.92 0.18 12,348
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.28 -- -- 0.20 10,566
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.29 -- -- 0.22 8,257

Best & Worst Performance

Best (Period) Worst (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) 4.40 (04-Jul-2019 - 03-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* 5.16 0.32 -0.48 -0.60 0.24 0.16
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) -- 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.28 6.25 0.55 --

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

*As on 31-May-2020

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 09-Jul-2020

Growth: ₹ 1,063.3014

Dividend Weekly: ₹ 1,000.9202

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Dividend Monthly: ₹ 1,001.9691

Dividend 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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 15-Mar-2019
Return Since Launch: 4.76%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,259 Cr (As on 30-Jun-2020)
Expense: 0.10% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0824

 08-Jul-20200.0841
 07-Jul-20200.0822
 06-Jul-20200.0832
 05-Jul-20200.0829
 04-Jul-20200.0828
 03-Jul-20200.0812
 02-Jul-20200.0807
 01-Jul-20200.0807
 30-Jun-20200.0836
 29-Jun-20200.0753
 28-Jun-20200.0778
 27-Jun-20200.0778
 26-Jun-20200.0755
 25-Jun-20200.0620
 24-Jun-20200.0734
 23-Jun-20200.0872
 22-Jun-20200.0806
 21-Jun-20200.0799
 20-Jun-20200.0799
 19-Jun-20200.0789
 18-Jun-20200.0761
 17-Jun-20200.0781
 16-Jun-20200.0777
 15-Jun-20200.0764
Dividend Weekly06-Jul-20200.5753

 29-Jun-20200.5292
 22-Jun-20200.5513
 15-Jun-20200.5643
 08-Jun-20200.5898
 01-Jun-20200.5035
 26-May-20200.6435
 18-May-20200.5597
 11-May-20200.6272
 04-May-20200.6765
 27-Apr-20200.5864
 20-Apr-20200.5384
 13-Apr-20200.4619
 07-Apr-20200.4069
 30-Mar-20200.1324
 23-Mar-20200.5935
 16-Mar-20200.6530
 09-Mar-20200.6540
 02-Mar-20201.2067
 24-Feb-20200.6692
 17-Feb-20200.6727
 10-Feb-20200.6671
 03-Feb-20200.6638
 27-Jan-20200.6710
 20-Jan-20200.6672
Dividend Monthly25-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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