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||1.06||0.04||0.19||0.48||1.06||1.96||--||--||--||--||--|
|Rank within category||27||10||23||28||27||24||--||--||--||--||--|
|Number of funds in category||28||30||30||30||28||25||14||3||3||3||3|
As on 03-Apr-2020
|Best (Period)||Worst (Period)|
|Week||0.13 (09-Aug-2019 - 18-Aug-2019)||0.01 (26-Mar-2020 - 02-Apr-2020)|
|Month||0.47 (17-May-2019 - 17-Jun-2019)||0.24 (04-Mar-2020 - 03-Apr-2020)|
|Quarter||1.38 (08-May-2019 - 07-Aug-2019)||1.02 (02-Jan-2020 - 02-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||--||--||--||2|
|Modified Duration (yrs)||0.01||0.01||0.01||0.01|
|Average Maturity (yrs)||0.01||0.01||0.00||0.01|
|Yield to Maturity (%)||4.83||5.83||4.82||4.89|
|The underlying data is unavailable.|
As on 29-Feb-2020
Education: Mr. Roy is a M.Com and MBA (Finance).
Experience: He has been associated with Franklin Templeton Investments since 2001.
Education: Mr. Sharma is a B.Com (H), CS and CA.
Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
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The Scheme seeks to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day. There can be no assurance that the investment objective of the scheme will be realized.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1,000|
|Fund House:||Franklin Templeton Mutual Fund|
|Return Since Launch:||4.44%|
|Benchmark:||CRISIL Overnight Index|
|Assets:||₹ 196 Cr (As on 29-Feb-2020)|
|Expense:||0.15% (As on 29-Feb-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Franklin Templeton Asset Management India Private Ltd
Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013
Phone: 1800-425-4255 / 60004255
Email: [email protected]
Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.
Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096