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:
|CCIL T Bill Liquidity Weight||1.14||0.00||0.08||0.41||1.05||1.92||--||--||--||--||--|
|Rank within category||9||11||6||7||9||13||--||--||--||--||--|
|Number of funds in category||28||30||30||30||28||25||14||3||3||3||3|
As on 07-Apr-2020
|Best (Period)||Worst (Period)|
|Week||0.14 (26-Apr-2019 - 05-May-2019)||0.01 (26-Mar-2020 - 02-Apr-2020)|
|Month||0.52 (18-Apr-2019 - 20-May-2019)||0.28 (04-Mar-2020 - 03-Apr-2020)|
|Quarter||1.45 (26-Apr-2019 - 28-Jul-2019)||1.07 (03-Jan-2020 - 03-Apr-2020)|
|Year||-- ( - )||-- ( - )|
|CCIL T Bill Liquidity Weight*||4.07||0.27||-5.49||-9.70||--||--|
|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 31-Mar-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||1||1||1||1|
|Modified Duration (yrs)||--||0.01||0.01||--|
|Average Maturity (yrs)||--||0.01||0.01||--|
|Yield to Maturity (%)||4.87||6.14||4.86||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|HDFC 362-D 02/03/2020||Commercial Paper||A1+||0.00 - 6.36||6.36|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 29-Feb-2020
Education: Mr. Prakash is a Chartered Accountant and MBA (Finance).
Experience: Prior to joining BNP Paribas Mutual Fund he has worked with Kotak AMC.
Education: Mr. Pamnani holds PGDM in Finance.
Experience: Prior to joining BNP Paribas Mutual Fund, he worked with Essel Finance AMC Ltd. as Fund Manager, Canara Robeco AMC Ltd. as Fixed Income Dealer & Deutsche Bank as Process Executive.
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The scheme seeks to generate regular returns in line with investments in overnight securities maturing on or before next business day.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||--|
|Fund House:||BNP Paribas Mutual Fund|
|Return Since Launch:||5.02%|
|Benchmark:||CRISIL Overnight Index|
|Assets:||₹ 393 Cr (As on 29-Feb-2020)|
|Expense:||0.18% (As on 29-Feb-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: BNP Paribas Asset Management (India) Private Ltd.
Address: BNP Paribas House, 1 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E) Mumbai - 400051
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]