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4 star

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 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 2.79 0.01 0.06 0.25 0.77 1.53 3.75 -- -- -- --
CCIL T Bill Liquidity Weight 2.68 0.01 0.05 0.22 0.58 1.34 3.27 -- -- -- --
Debt: Overnight 2.74 0.01 0.06 0.25 0.76 1.49 3.70 -- -- -- --
Rank within category 7 9 5 6 6 7 7 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 3

As on 20-Oct-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
4 star
Mar-19 3.75 -- -- 0.12 5,347
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.75 4.89 5.86 0.11 7,024
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.73 -- -- 0.19 4,459
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.85 -- -- 0.17 1,797
Sundaram Overnight Fund - Regular Plan
5 star
Mar-19 3.73 -- -- 0.20 853

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) 3.76 (17-Oct-2019 - 16-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 4.93 0.36 -0.41 -0.61 0.43 0.37
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.30 4.95 0.55 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-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 20-Oct-2020

Growth: ₹ 1,072.4674

Dividend Weekly: ₹ 1,000.7505

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Dividend Monthly: ₹ 1,002.9481

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: 4.46%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,347 Cr (As on 30-Sep-2020)
Expense: 0.12% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Oct-20200.0790

 18-Oct-20200.0829
 17-Oct-20200.0829
 16-Oct-20200.0827
 15-Oct-20200.0830
 14-Oct-20200.0840
 13-Oct-20200.0851
 12-Oct-20200.0841
 11-Oct-20200.0852
 10-Oct-20200.0852
 09-Oct-20200.0847
 08-Oct-20200.0861
 07-Oct-20200.0854
 06-Oct-20200.0835
 05-Oct-20200.0860
 04-Oct-20200.0852
 03-Oct-20200.0852
 02-Oct-20200.0851
 01-Oct-20200.0832
 30-Sep-20200.0853
 29-Sep-20200.0858
 28-Sep-20200.0855
 27-Sep-20200.0861
 26-Sep-20200.0861
 25-Sep-20200.0849
Dividend Weekly19-Oct-20200.5801

 12-Oct-20200.5942
 05-Oct-20200.5962
 28-Sep-20200.5997
 21-Sep-20200.5923
 14-Sep-20200.5869
 07-Sep-20200.5554
 31-Aug-20200.5646
 24-Aug-20200.5663
 17-Aug-20200.5912
 10-Aug-20200.5933
 03-Aug-20200.5874
 27-Jul-20200.5878
 20-Jul-20200.5838
 13-Jul-20200.5808
 06-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
Dividend Monthly25-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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