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4 star

Axis Overnight Fund - Direct 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 2.82 0.01 0.06 0.26 0.78 1.56 3.81 -- -- -- --
CCIL T Bill Liquidity Weight 2.67 0.00 0.06 0.21 0.54 1.29 3.27 -- -- -- --
Debt: Overnight 2.82 0.01 0.06 0.26 0.78 1.54 3.81 -- -- -- --
Rank within category 12 19 8 16 10 6 13 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 0

As on 19-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 - Direct Plan  | Invest Online
4 star
Mar-19 3.81 -- -- 0.07 5,347
UTI Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.82 4.98 6.00 0.06 7,024
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.83 -- -- 0.10 4,459
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.94 -- -- 0.10 1,797
Sundaram Overnight Fund - Direct Plan
5 star
Mar-19 3.85 -- -- 0.10 853

Best & Worst Performance

Best (Period) Worst (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) 3.81 (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* 5.15 0.37 0.29 0.33 0.46 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-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 19-Oct-2020

Growth: ₹ 1,073.4289

Dividend Weekly: ₹ 1,000.7022

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Dividend Monthly: ₹ 1,002.9090

Dividend 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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 15-Mar-2019
Return Since Launch: 4.53%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,347 Cr (As on 30-Sep-2020)
Expense: 0.07% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Oct-20200.0798

 18-Oct-20200.0843
 17-Oct-20200.0840
 16-Oct-20200.0836
 15-Oct-20200.0841
 14-Oct-20200.0850
 13-Oct-20200.0860
 12-Oct-20200.0848
 11-Oct-20200.0866
 10-Oct-20200.0861
 09-Oct-20200.0856
 08-Oct-20200.0869
 07-Oct-20200.0863
 06-Oct-20200.0842
 05-Oct-20200.0860
 04-Oct-20200.0866
 03-Oct-20200.0866
 02-Oct-20200.0860
 01-Oct-20200.0840
 30-Sep-20200.0861
 29-Sep-20200.0867
 28-Sep-20200.0857
 27-Sep-20200.0874
 26-Sep-20200.0871
 25-Sep-20200.0858
Dividend Weekly19-Oct-20200.5898

 12-Oct-20200.6038
 05-Oct-20200.6059
 28-Sep-20200.6093
 21-Sep-20200.6021
 14-Sep-20200.5969
 07-Sep-20200.5647
 31-Aug-20200.5742
 24-Aug-20200.5755
 17-Aug-20200.6010
 10-Aug-20200.6031
 03-Aug-20200.5967
 27-Jul-20200.5969
 20-Jul-20200.5939
 13-Jul-20200.5907
 06-Jul-20200.5849
 29-Jun-20200.5393
 22-Jun-20200.5612
 15-Jun-20200.5737
 08-Jun-20200.5986
 01-Jun-20200.5113
 26-May-20200.6546
 18-May-20200.5694
 11-May-20200.6371
 04-May-20200.6858
Dividend Monthly25-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
 26-Aug-20193.3870
 25-Jul-20193.3529
 25-Jun-20193.2554
 27-May-20193.6925
 25-Apr-20194.5372

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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