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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.

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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 0.72 0.01 0.09 0.40 1.16 2.41 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.55 0.02 0.05 0.31 0.85 1.81 -- -- -- -- --
Debt: Overnight 0.73 0.01 0.09 0.40 1.18 2.43 -- -- -- -- --
Rank within category 26 26 27 25 25 19 -- -- -- -- --
Number of funds in category 28 30 30 29 27 24 10 3 3 3 3

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.10 (18-Jul-2019 - 25-Jul-2019) 0.07 (31-Dec-2019 - 07-Jan-2020)
Month 0.44 (09-Jul-2019 - 08-Aug-2019) 0.36 (09-Dec-2019 - 08-Jan-2020)
Quarter 1.29 (09-Jul-2019 - 08-Oct-2019) 1.15 (10-Oct-2019 - 09-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.43 0.27 -1.11 -1.47 0.36 0.35
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 1 1 1
Modified Duration (yrs) 0.00 0.00 0.00 0.01
Average Maturity (yrs) 0.00 0.00 0.00 0.01
Yield to Maturity (%) 4.94 5.57 4.82 4.94

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 13.87 13.87

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-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:


0.01%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 1,032.1719

Dividend Weekly: ₹ 1,001.1579

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Dividend Monthly: ₹ 1,004.3277

Dividend Fortnightly: ₹ 1,001.0271

Dividend Daily: ₹ 1,000.9104


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: 3.22%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 72 Cr (As on 31-Jan-2020)
Expense: 0.17% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Feb-20200.0914

 24-Feb-20200.0916
 23-Feb-20200.0944
 22-Feb-20200.0941
 21-Feb-20200.0934
 20-Feb-20200.0921
 19-Feb-20200.0892
 18-Feb-20200.0892
 17-Feb-20200.0892
 16-Feb-20200.0934
 15-Feb-20200.0931
 14-Feb-20200.0922
 13-Feb-20200.0889
 12-Feb-20200.0895
 11-Feb-20200.0897
 10-Feb-20200.0903
 09-Feb-20200.0914
 08-Feb-20200.0913
 07-Feb-20200.0910
 06-Feb-20200.0904
 05-Feb-20200.0908
 04-Feb-20200.0904
 03-Feb-20200.0909
 02-Feb-20200.0918
 01-Feb-20200.0916
Dividend Fortnightly25-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 Weekly24-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
 25-Nov-20190.6475
 18-Nov-20190.6220
 11-Nov-20190.6001
 04-Nov-20190.5222
 29-Oct-20190.6150
 22-Oct-20190.7172
 14-Oct-20190.6219
 07-Oct-20190.6704
 30-Sep-20190.6857
 23-Sep-20190.6760
 16-Sep-20190.6555
 09-Sep-20190.5892
Dividend Monthly02-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

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