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Unrated

Indiabulls 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 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.

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(₹)
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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 2.50 0.01 0.06 0.24 0.73 1.41 3.72 -- -- -- --
CCIL T Bill Liquidity Weight 2.53 0.05 0.07 0.18 0.56 1.45 3.44 -- -- -- --
Debt: Overnight 2.57 0.01 0.06 0.25 0.75 1.48 3.79 -- -- -- --
Rank within category 24 29 30 30 29 29 22 -- -- -- --
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 30-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Indiabulls Overnight Fund - Regular Plan
Unrated
Jul-19 3.72 -- -- 0.20 174
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.84 4.93 5.91 0.11 7,030
Axis Overnight Fund - Regular Plan  | Invest Online
4 star
Mar-19 3.85 -- -- 0.10 4,032
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.83 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.95 -- -- 0.15 2,082

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.10 (18-Jul-2019 - 25-Jul-2019) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 0.44 (09-Jul-2019 - 08-Aug-2019) 0.16 (25-Mar-2020 - 24-Apr-2020)
Quarter 1.29 (09-Jul-2019 - 08-Oct-2019) 0.64 (25-Mar-2020 - 24-Jun-2020)
Year 4.25 (09-Jul-2019 - 08-Jul-2020) 3.73 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 4.93 0.36 -0.41 -0.61 0.43 0.37
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.03 5.35 0.71 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2020

Fund Manager

— Karan Singh since 30-May-2020

Education: Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1

Experience: Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 30-Sep-2020

Growth: ₹ 1,050.4137

Dividend Weekly: ₹ 1,001.0646

More

Dividend Monthly: ₹ 1,003.1322

Dividend Fortnightly: ₹ 1,001.2735

Dividend Daily: ₹ 1,000.9270


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 08-Jul-2019
Return Since Launch: 4.07%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 174 Cr (As on 31-Aug-2020)
Expense: 0.20% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0864

 29-Sep-20200.0775
 28-Sep-20200.0872
 27-Sep-20200.0785
 26-Sep-20200.0874
 25-Sep-20200.0771
 24-Sep-20200.0853
 23-Sep-20200.0762
 22-Sep-20200.0859
 21-Sep-20200.0771
 20-Sep-20200.0872
 19-Sep-20200.0771
 18-Sep-20200.0857
 17-Sep-20200.0750
 16-Sep-20200.0844
 15-Sep-20200.0750
 14-Sep-20200.0843
 13-Sep-20200.0756
 12-Sep-20200.0843
 11-Sep-20200.0737
 10-Sep-20200.0818
 09-Sep-20200.0720
 08-Sep-20200.0807
 07-Sep-20200.0715
 06-Sep-20200.0818
Dividend Weekly28-Sep-20200.5481

 21-Sep-20200.5147
 14-Sep-20200.5263
 07-Sep-20200.4974
 31-Aug-20200.5173
 24-Aug-20200.4736
 17-Aug-20200.5284
 10-Aug-20200.5196
 03-Aug-20200.5174
 27-Jul-20200.4961
 20-Jul-20200.4910
 13-Jul-20200.4911
 06-Jul-20200.5426
 29-Jun-20200.4377
 22-Jun-20200.5601
 15-Jun-20200.4746
 08-Jun-20200.5498
 01-Jun-20200.4243
 26-May-20200.6022
 18-May-20200.4643
 11-May-20200.5339
 04-May-20200.5985
 27-Apr-20200.4345
 20-Apr-20200.5194
 13-Apr-20200.3973
Dividend Fortnightly25-Sep-20201.2026

 10-Sep-20201.2026
 25-Aug-20201.1490
 10-Aug-20201.0982
 27-Jul-20201.3077
 10-Jul-20201.0984
 25-Jun-20201.0725
 10-Jun-20201.1457
 26-May-20201.0529
 11-May-20201.1560
 27-Apr-20201.0313
 13-Apr-20200.7280
 26-Mar-20201.2052
 11-Mar-20201.3580
 25-Feb-20201.3867
 10-Feb-20201.2784
 27-Jan-20201.5749
 10-Jan-20201.2279
 26-Dec-20191.4520
 10-Dec-20191.3736
 25-Nov-20191.3018
 11-Nov-20191.5752
 25-Oct-20191.3776
 10-Oct-20191.4467
 25-Sep-20191.4066
Dividend Monthly31-Aug-20202.3624

 02-Aug-20202.5534
 30-Jun-20202.2645
 31-May-20202.2444
 03-May-20202.4611
 02-Apr-20203.1683
 01-Mar-20202.6787
 02-Feb-20202.8985
 31-Dec-20192.7642
 01-Dec-20192.9112
 31-Oct-20192.8811
 30-Sep-20192.8830
 02-Sep-20193.1117
 31-Jul-20192.3237

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: http://www.indiabullsamc.com

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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