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Unrated

Baroda Overnight Fund - Regular 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.98 0.01 0.06 0.23 0.75 1.81 4.38 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 -- -- -- --
Debt: Overnight 1.92 0.01 0.06 0.23 0.73 1.75 4.26 -- -- -- --
Rank within category 6 18 10 11 8 6 3 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 14-Jul-2020

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
Unrated
Apr-19 4.38 -- -- 0.15 163
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.23 5.42 5.81 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.29 5.47 5.91 0.18 13,825
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.24 -- -- 0.20 10,011
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.26 -- -- 0.22 7,621

Best & Worst Performance

Best (Period) Worst (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) 4.39 (11-Jul-2019 - 10-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* 5.16 0.32 -0.48 -0.60 0.24 0.16
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 -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.07 5.61 0.76 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

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:

— Hetal P Shah since 23-Apr-2019

Education: Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB.

Experience: Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Funds Managed:


0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 1,057.0466

Dividend Weekly: ₹ 1,000.0796

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 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 (₹) --
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 25-Apr-2019
Return Since Launch: 4.64%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 163 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0947

 13-Jul-20200.0975
 12-Jul-20200.0955
 11-Jul-20200.0959
 10-Jul-20200.0963
 09-Jul-20200.0975
 08-Jul-20200.0947
 07-Jul-20200.0927
 06-Jul-20200.0911
 05-Jul-20200.0884
 04-Jul-20200.0872
 03-Jul-20200.0852
 02-Jul-20200.0840
 01-Jul-20200.0840
 30-Jun-20200.0868
 29-Jun-20200.0860
 28-Jun-20200.0828
 27-Jun-20200.0801
 26-Jun-20200.0745
 25-Jun-20200.0670
 24-Jun-20200.0714
 23-Jun-20200.0702
 22-Jun-20200.0868
 21-Jun-20200.0856
 20-Jun-20200.0841
Dividend Weekly13-Jul-20200.5366

 06-Jul-20200.5995
 29-Jun-20200.5357
 22-Jun-20200.5415
 15-Jun-20200.5934
 08-Jun-20200.5829
 01-Jun-20200.4827
 26-May-20200.6658
 18-May-20200.5311
 11-May-20200.6031
 04-May-20200.6101
 27-Apr-20200.5578
 20-Apr-20200.6113
 13-Apr-20200.5320
 07-Apr-20200.5101
 30-Mar-20200.1787
 23-Mar-20200.6277
 16-Mar-20200.6764
 09-Mar-20200.6687
 02-Mar-20200.6714
 24-Feb-20200.6684
 17-Feb-20200.6421
 10-Feb-20200.6372
 03-Feb-20200.6354
 27-Jan-20200.6528

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

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