VR Logo

Unrated

Indiabulls Overnight Fund - Regular Plan


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 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.45 0.01 0.05 0.23 0.78 1.96 -- -- -- -- --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 -- -- -- -- --
Debt: Overnight 1.50 0.01 0.06 0.25 0.83 2.01 -- -- -- -- --
Rank within category 24 17 24 26 26 22 -- -- -- -- --
Number of funds in category 28 30 30 30 30 27 18 3 3 3 3

As on 22-May-2020

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) 0.79 (21-Feb-2020 - 22-May-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.16 0.26 -5.00 -9.29 -- --
Debt: Overnight* 5.37 0.29 -0.47 -0.53 0.00 -0.10
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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 1
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.52 5.57 0.71 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 30-Apr-2020

Fund Manager

— Vikrant Mehta since 30-Nov-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


--

Change from previous, NAV as on 25-May-2020

Growth: ₹ 1,039.9088

Dividend Weekly: ₹ 1,001.4399

More

Dividend Monthly: ₹ 1,002.4407

Dividend Fortnightly: ₹ 1,001.8835

Dividend Daily: ₹ 1,000.9165


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: 3.97%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 190 Cr (As on 30-Apr-2020)
Expense: 0.20% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-May-20200.0678

 24-May-20200.0685
 23-May-20200.0696
 22-May-20200.0714
 21-May-20200.0739
 20-May-20200.0736
 19-May-20200.0670
 18-May-20200.0802
 17-May-20200.0639
 16-May-20200.0819
 15-May-20200.0773
 14-May-20200.0693
 13-May-20200.0585
 12-May-20200.0573
 11-May-20200.0851
 10-May-20200.0773
 09-May-20200.0892
 08-May-20200.0748
 07-May-20200.0853
 06-May-20200.0716
 05-May-20200.0833
 04-May-20200.0724
 03-May-20200.0890
 02-May-20200.0818
 01-May-20200.0924
Dividend Weekly18-May-20200.4643

 11-May-20200.5339
 04-May-20200.5985
 27-Apr-20200.4345
 20-Apr-20200.5194
 13-Apr-20200.3973
 07-Apr-20200.2512
 30-Mar-20200.2176
 23-Mar-20200.5911
 16-Mar-20200.6157
 09-Mar-20200.6399
 02-Mar-20200.6337
 24-Feb-20200.6635
 17-Feb-20200.6353
 10-Feb-20200.6498
 03-Feb-20200.6569
 27-Jan-20200.6648
 20-Jan-20200.6266
 13-Jan-20200.5821
 06-Jan-20200.5106
 30-Dec-20190.6077
 23-Dec-20190.6490
 16-Dec-20190.6250
 09-Dec-20190.6212
 02-Dec-20190.6268
Dividend Fortnightly11-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
 11-Sep-20191.6054
 26-Aug-20191.2916
 13-Aug-20191.9865
 25-Jul-20191.7058
Dividend Monthly03-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: 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

Last Session

Investors' Hangout

Making sense of your investments during the COVID-19 crisis

dateSaturday, 02-May-2020
time12:30 PM - 01:15 PM

Registration Over