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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:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||--||0.30||0.89||--||--||--||--|
|Rank within category||--||8||11||--||--||--||--|
|Number of funds in category||7||27||25||6||3||3||0|
As on 13-Dec-2019
|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||-- ( - )||-- ( - )|
|CCIL T Bill Liquidity Weight*||4.11||0.25||-6.57||-10.84||--||--|
|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 30-Nov-2019
|The underlying data is unavailable.|
As on 30-Nov-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.
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.
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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.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||Baroda Mutual Fund|
|Benchmark:||CRISIL Overnight Index|
|Assets:||₹ 275 Cr (As on 30-Nov-2019)|
|Expense:||0.06% (As on 30-Nov-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
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]
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
Email: [email protected]