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Unrated

Tata 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 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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(₹)
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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 1.92 0.01 0.06 0.24 0.75 1.81 4.43 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: Overnight 1.94 0.01 0.06 0.24 0.76 1.83 4.42 -- -- -- --
Rank within category 17 4 11 15 16 17 10 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

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)
Tata Overnight Fund - Direct Plan  | Invest Online
Unrated
Mar-19 4.43 -- -- 0.11 2,261
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.37 5.52 5.90 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.40 5.56 6.03 0.11 12,348
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.38 -- -- 0.10 10,566
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.42 -- -- 0.10 8,257

Best & Worst Performance

Best (Period) Worst (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) 4.45 (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* 5.40 0.33 0.38 0.38 0.25 0.41
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 -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.22 5.89 0.96 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-May-2020

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 09-Jul-2020

Growth: ₹ 1,062.1480

Dividend 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
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 27-Mar-2019
Return Since Launch: 4.79%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,261 Cr (As on 31-May-2020)
Expense: 0.11% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0863

 08-Jul-20200.0856
 07-Jul-20200.0857
 06-Jul-20200.0842
 05-Jul-20200.0831
 04-Jul-20200.0831
 03-Jul-20200.0831
 02-Jul-20200.0791
 01-Jul-20200.0806
 30-Jun-20200.0818
 29-Jun-20200.0792
 28-Jun-20200.0733
 27-Jun-20200.0733
 26-Jun-20200.0732
 25-Jun-20200.0599
 24-Jun-20200.0710
 23-Jun-20200.0817
 22-Jun-20200.0815
 21-Jun-20200.0802
 20-Jun-20200.0802
 19-Jun-20200.0802
 18-Jun-20200.0778
 17-Jun-20200.0792
 16-Jun-20200.0785
 15-Jun-20200.0792

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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