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3 star

Axis Overnight Fund - Direct 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 2.55 0.01 0.06 0.26 0.78 1.59 3.13 -- -- -- --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 -- -- -- --
Debt: Overnight 2.53 0.01 0.06 0.26 0.78 1.58 3.11 -- -- -- --
Rank within category 9 8 10 8 8 9 8 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 21-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Overnight Fund - Direct Plan
3 star
Mar-19 3.13 -- -- 0.06% 9,944
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.11 -- -- 0.06% 2,078
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.11% 984
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11% 599
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.18 -- -- 0.12% 572

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.12 27-Mar-2019 - 03-Apr-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.51 17-Mar-2019 - 16-Apr-2019 0.18 23-Mar-2020 - 22-Apr-2020
Quarter 1.49 17-Mar-2019 - 16-Jun-2019 0.70 23-Mar-2020 - 22-Jun-2020
Year 5.39 17-Mar-2019 - 16-Mar-2020 3.02 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.26 0.39 0.81 4.41 0.68 0.73
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-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 (%) 3.30 3.38 2.89 3.32
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 -- - 99.39

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-Sep-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 21-Oct-2021

Growth: ₹ 1,107.1893

IDCW Weekly: ₹ 1,000.9674

More

IDCW Monthly: ₹ 1,002.9208

IDCW Daily: ₹ 1,000.5073


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: 3.99%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,944 Cr (As on 30-Sep-2021)
Expense: 0.06% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.0871

 20-Oct-20210.0871
 19-Oct-20210.0893
 18-Oct-20210.0827
 17-Oct-20210.0859
 16-Oct-20210.0859
 15-Oct-20210.0853
 14-Oct-20210.0852
 13-Oct-20210.0812
 12-Oct-20210.0818
 11-Oct-20210.0816
 10-Oct-20210.0832
 09-Oct-20210.0846
 08-Oct-20210.0827
 07-Oct-20210.0817
 06-Oct-20210.0830
 05-Oct-20210.0820
 04-Oct-20210.0987
 03-Oct-20210.0875
 02-Oct-20210.0864
 01-Oct-20210.0855
 30-Sep-20210.0843
 29-Sep-20210.0871
 28-Sep-20210.0882
 27-Sep-20210.0821
IDCW Weekly18-Oct-20210.5938

 11-Oct-20210.5826
 04-Oct-20210.6315
 27-Sep-20210.6213
 20-Sep-20210.6086
 13-Sep-20210.5876
 06-Sep-20210.5635
 30-Aug-20210.5831
 23-Aug-20210.4946
 17-Aug-20210.6598
 09-Aug-20210.5802
 02-Aug-20210.5979
 26-Jul-20210.6087
 19-Jul-20210.6063
 12-Jul-20210.6015
 05-Jul-20210.6199
 28-Jun-20210.6100
 21-Jun-20210.6181
 14-Jun-20210.6045
 07-Jun-20210.6069
 31-May-20210.6101
 24-May-20210.6304
 17-May-20210.6228
 10-May-20210.6157
 03-May-20210.6097
IDCW Monthly27-Sep-20212.8081

 25-Aug-20212.5097
 26-Jul-20212.7035
 25-Jun-20212.7098
 25-May-20212.5737
 26-Apr-20212.7545
 25-Mar-20212.4536
 25-Feb-20212.5073
 25-Jan-20212.3423
 28-Dec-20202.7235
 25-Nov-20202.3026
 26-Oct-20202.6377
 25-Sep-20202.6048
 25-Aug-20202.4636
 27-Jul-20202.6819
 25-Jun-20202.4754
 26-May-20202.5498
 27-Apr-20202.1235
 26-Mar-20202.5640
 25-Feb-20202.7926
 27-Jan-20202.9655
 26-Dec-20192.9271
 25-Nov-20192.9700
 25-Oct-20192.8883
 25-Sep-20193.1031

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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