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Unrated

Baroda Overnight Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.30 Lakh

Analyst's Choice?

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 0.40 1.23 -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 0.89 -- -- -- --
Debt: Overnight -- 0.40 1.23 -- -- -- --
Rank within category -- 8 11 -- -- -- --
Number of funds in category 7 27 25 6 3 3 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 0.49 (25-Apr-2019 - 25-May-2019) 0.39 (30-Sep-2019 - 30-Oct-2019)
Quarter 1.43 (25-Apr-2019 - 25-Jul-2019) 1.26 (11-Aug-2019 - 10-Nov-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Overnight* 5.70 0.34 0.31 0.58 0.45 0.67
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-Nov-2019

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Nov-2019

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:


--

Change from previous, NAV as on 15-Dec-2019

Growth: ₹ 1,034.6965

Dividend Weekly: ₹ 1,000.8235

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
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 275 Cr (As on 30-Nov-2019)
Expense: 0.06% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily15-Dec-20190.0940

 14-Dec-20190.0940
 13-Dec-20190.0937
 12-Dec-20190.0883
 11-Dec-20190.0910
 10-Dec-20190.0944
 09-Dec-20190.0946
 08-Dec-20190.0948
 07-Dec-20190.0948
 06-Dec-20190.0945
 05-Dec-20190.0961
 04-Dec-20190.0959
 03-Dec-20190.0919
 02-Dec-20190.0950
 01-Dec-20190.0279
 30-Nov-20190.0978
 29-Nov-20190.0796
 28-Nov-20190.0969
 27-Nov-20190.0973
 26-Nov-20190.0968
 25-Nov-20190.0992
 24-Nov-20190.0307
 23-Nov-20190.0992
 22-Nov-20190.0391
 21-Nov-20190.0974
Dividend Weekly09-Dec-20190.6632

 02-Dec-20190.6736
 25-Nov-20190.6836
 18-Nov-20190.6696
 11-Nov-20190.6889
 04-Nov-20190.5782
 29-Oct-20190.6705
 22-Oct-20190.7735
 14-Oct-20190.6370
 07-Oct-20190.6639
 30-Sep-20190.7112
 23-Sep-20190.7325
 16-Sep-20190.7060
 09-Sep-20190.5987
 03-Sep-20190.8224
 26-Aug-20190.7096
 19-Aug-20190.6299
 13-Aug-20190.8435
 05-Aug-20190.7597
 29-Jul-20190.7641
 22-Jul-20190.7815
 15-Jul-20190.7669
 08-Jul-20190.7834
 01-Jul-20190.7738
 24-Jun-20190.7430

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: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM