VR Logo

4 star

Baroda Overnight Fund - Regular 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.50 0.01 0.06 0.25 0.77 1.56 3.08 -- -- -- --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 -- -- -- --
Debt: Overnight 2.46 0.01 0.06 0.25 0.76 1.54 3.02 -- -- -- --
Rank within category 4 10 17 13 8 6 4 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

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)
Baroda Overnight Fund - Regular Plan
4 star
Apr-19 3.08 -- -- 0.15% 476
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.12% 9,944
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.05 4.23 4.79 0.12% 7,068
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13% 2,078
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.05 -- -- 0.16% 984

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.12 25-Apr-2019 - 02-May-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.49 25-Apr-2019 - 25-May-2019 0.21 23-Mar-2020 - 22-Apr-2020
Quarter 1.42 25-Apr-2019 - 25-Jul-2019 0.71 25-Mar-2020 - 24-Jun-2020
Year 4.99 25-Apr-2019 - 24-Apr-2020 2.99 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* 4.10 0.37 0.37 1.97 0.64 0.54
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
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.31 3.40 2.94 3.32
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 30-Sep-2021

Fund Manager

— Alok Sahoo since 23-Apr-2019

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:


0.01%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 1,098.5437

IDCW Weekly: ₹ 1,000.2840

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 one business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 25-Apr-2019
Return Since Launch: 3.84%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 476 Cr (As on 30-Sep-2021)
Expense: 0.15% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.0885

 20-Oct-20210.0842
 19-Oct-20210.0862
 18-Oct-20210.0897
 17-Oct-20210.0773
 16-Oct-20210.0822
 15-Oct-20210.0883
 14-Oct-20210.0789
 13-Oct-20210.0847
 12-Oct-20210.0778
 11-Oct-20210.0861
 10-Oct-20210.0772
 09-Oct-20210.0835
 08-Oct-20210.0745
 07-Oct-20210.0805
 06-Oct-20210.0882
 05-Oct-20210.0770
 04-Oct-20210.0811
 03-Oct-20210.0868
 02-Oct-20210.0907
 01-Oct-20210.0783
 30-Sep-20210.0800
 29-Sep-20210.0799
 28-Sep-20210.0798
 27-Sep-20210.0807
IDCW Weekly18-Oct-20210.5812

 11-Oct-20210.5621
 04-Oct-20210.6347
 27-Sep-20210.5943
 20-Sep-20210.6411
 13-Sep-20210.6015
 06-Sep-20210.5823
 30-Aug-20210.5873
 23-Aug-20210.4714
 17-Aug-20210.6354
 09-Aug-20210.5455
 02-Aug-20210.6185
 26-Jul-20210.5871
 19-Jul-20210.5520
 12-Jul-20210.6149
 05-Jul-20210.5788
 28-Jun-20210.6399
 21-Jun-20210.5973
 14-Jun-20210.6463
 07-Jun-20210.6074
 31-May-20210.5722
 24-May-20210.6184
 17-May-20210.5672
 10-May-20210.6183
 03-May-20210.5867

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

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

Upcoming Video

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM