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3 star

Tata 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 2.24 0.01 0.06 0.26 0.78 1.60 3.12 -- -- -- --
CCIL T Bill Liquidity Weight 1.49 0.00 0.04 0.18 0.63 1.12 2.19 -- -- -- --
Debt: Overnight 2.23 0.01 0.06 0.26 0.78 1.59 3.11 -- -- -- --
Rank within category 12 11 23 16 16 9 8 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 17-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Overnight Fund - Direct Plan  | Invest Online
3 star
Mar-19 3.12 -- -- 0.11 1,195
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.10 -- -- 0.10 7,804
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.11 -- -- 0.06 1,527
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11 504
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.12 -- -- 0.11 457

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.12 27-Mar-2019 - 03-Apr-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.50 27-Mar-2019 - 26-Apr-2019 0.19 23-Mar-2020 - 22-Apr-2020
Quarter 1.47 27-Mar-2019 - 26-Jun-2019 0.69 23-Mar-2020 - 22-Jun-2020
Year 5.32 27-Mar-2019 - 26-Mar-2020 3.00 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Overnight* 4.34 0.40 0.78 4.19 0.67 0.75
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 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.15 3.40 2.86 3.13
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2021

Fund Manager

— Amit Somani since 25-Mar-2019

Education: Mr.Somani is a B.Com, PGDBM and CFA.

Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Funds Managed:


0.01%

Change from previous, NAV as on 19-Sep-2021

Growth: ₹ 1,101.9997

IDCW Daily: ₹ 1,000.0000


Investment Strategy

The scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 150
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 27-Mar-2019
Return Since Launch: 3.99%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,195 Cr (As on 31-Aug-2021)
Expense: 0.11% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Sep-20210.0873

 16-Sep-20210.0867
 15-Sep-20210.0848
 14-Sep-20210.0843
 13-Sep-20210.0839
 12-Sep-20210.0846
 11-Sep-20210.0846
 10-Sep-20210.0846
 09-Sep-20210.0847
 08-Sep-20210.0815
 07-Sep-20210.0812
 06-Sep-20210.0798
 05-Sep-20210.0804
 04-Sep-20210.0803
 03-Sep-20210.0804
 02-Sep-20210.0812
 01-Sep-20210.0822
 31-Aug-20210.0821
 30-Aug-20210.0829
 29-Aug-20210.0832
 28-Aug-20210.0831
 27-Aug-20210.0832
 26-Aug-20210.0831
 25-Aug-20210.0825
 24-Aug-20210.0828

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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