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2 star

Indiabulls Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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 0.44 0.01 0.05 0.24 0.72 1.43 2.94 -- -- -- --
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 -- -- -- --
Debt: Overnight 0.45 0.01 0.05 0.24 0.73 1.47 3.04 -- -- -- --
Rank within category 29 7 25 28 28 28 26 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 3 3 3 3

As on 26-Feb-2021

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
2 star
Jul-19 2.94 -- -- 0.20 123
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.08 -- -- 0.12 6,875
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.07 4.84 5.66 0.12 6,043
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.04 -- -- 0.19 5,278
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.17 -- -- 0.19 2,037

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.92 27-Feb-2020 - 26-Feb-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.72 0.36 -2.62 -5.07 -- --
Debt: Overnight* 4.70 0.39 0.02 -0.01 0.58 0.58
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.23 4.86 0.71 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others CBLO -- - 99.87

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-2021

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:


--

Change from previous, NAV as on 28-Feb-2021

Growth: ₹ 1,062.6721

Dividend Weekly: ₹ 1,001.3824

More

Dividend Monthly: ₹ 1,002.8518

Dividend Fortnightly: ₹ 1,001.1113

Dividend Daily: ₹ 1,000.9401


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 08-Jul-2019
Return Since Launch: 3.76%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 123 Cr (As on 31-Jan-2021)
Expense: 0.20% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Feb-20210.0796

 25-Feb-20210.0771
 24-Feb-20210.0846
 23-Feb-20210.0619
 22-Feb-20210.0655
 21-Feb-20210.0717
 20-Feb-20210.0552
 19-Feb-20210.0704
 18-Feb-20210.0534
 17-Feb-20210.0671
 16-Feb-20210.0619
 15-Feb-20210.0727
 14-Feb-20210.0764
 13-Feb-20210.0789
 12-Feb-20210.0828
 11-Feb-20210.0890
 10-Feb-20210.0769
 09-Feb-20210.0866
 08-Feb-20210.0768
 07-Feb-20210.0865
 06-Feb-20210.0759
 05-Feb-20210.0846
 04-Feb-20210.0733
 03-Feb-20210.0837
 02-Feb-20210.0734
Dividend Fortnightly25-Feb-20211.0354

 10-Feb-20211.2581
 25-Jan-20211.0882
 11-Jan-20211.0438
 28-Dec-20201.3943
 10-Dec-20201.0814
 25-Nov-20200.9910
 10-Nov-20201.0920
 26-Oct-20201.0887
 12-Oct-20201.3460
 25-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
Dividend Weekly22-Feb-20210.4235

 15-Feb-20210.5106
 08-Feb-20210.5317
 01-Feb-20210.5464
 25-Jan-20210.5087
 18-Jan-20210.5390
 11-Jan-20210.5183
 04-Jan-20210.4903
 28-Dec-20200.5192
 21-Dec-20200.5348
 14-Dec-20200.5516
 07-Dec-20200.4238
 01-Dec-20200.5534
 23-Nov-20200.3591
 17-Nov-20200.5288
 09-Nov-20200.5003
 02-Nov-20200.5143
 26-Oct-20200.5084
 19-Oct-20200.5513
 12-Oct-20200.5430
 05-Oct-20200.5603
 28-Sep-20200.5481
 21-Sep-20200.5147
 14-Sep-20200.5263
 07-Sep-20200.4974
Dividend Monthly31-Jan-20212.4496

 31-Dec-20202.3719
 30-Nov-20202.1757
 01-Nov-20202.5003
 30-Sep-20202.4108
 31-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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