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1 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 2.70 0.01 0.06 0.26 0.76 1.51 2.98 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.78 0.01 0.07 0.27 0.78 1.56 3.07 -- -- -- --
Rank within category 30 26 29 29 29 30 29 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 26-Nov-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
1 star
Jul-19 2.98 -- -- 0.20% 197
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.12 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.13 4.51 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.09 -- -- 0.16% 757

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 2.81 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.25 0.40 -1.53 -4.22 -- --
Debt: Overnight* 4.01 0.36 0.38 2.00 0.61 0.52
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.31 3.39 2.87 --
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 -- - 99.85

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-Oct-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:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 1,086.4136

IDCW Weekly: ₹ 1,001.3110

More

IDCW Monthly: ₹ 1,002.9629

IDCW Fortnightly: ₹ 1,000.9788

IDCW Daily: ₹ 1,000.9709


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: 3.53%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 197 Cr (As on 31-Oct-2021)
Expense: 0.20% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0823

 25-Nov-20210.0920
 24-Nov-20210.0912
 23-Nov-20210.0878
 22-Nov-20210.0750
 21-Nov-20210.0976
 20-Nov-20210.0867
 19-Nov-20210.0688
 18-Nov-20210.0950
 17-Nov-20210.0821
 16-Nov-20210.0926
 15-Nov-20210.0915
 14-Nov-20210.0900
 13-Nov-20210.0885
 12-Nov-20210.0865
 11-Nov-20210.0829
 10-Nov-20210.0803
 09-Nov-20210.0726
 08-Nov-20210.0586
 07-Nov-20210.0961
 06-Nov-20210.0877
 05-Nov-20210.0920
 04-Nov-20210.0810
 03-Nov-20210.0629
 02-Nov-20210.1043
IDCW Fortnightly25-Nov-20211.2741

 10-Nov-20211.3267
 25-Oct-20211.1103
 11-Oct-20211.0829
 27-Sep-20211.1355
 13-Sep-20211.4572
 25-Aug-20211.1455
 10-Aug-20211.1648
 26-Jul-20211.1251
 12-Jul-20211.3739
 25-Jun-20211.2285
 10-Jun-20210.7368
 25-May-20211.2169
 10-May-20211.1035
 26-Apr-20211.1400
 12-Apr-20211.4187
 25-Mar-20211.1900
 10-Mar-20211.0202
 25-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
IDCW Weekly22-Nov-20210.6492

 15-Nov-20210.5739
 08-Nov-20210.6119
 01-Nov-20210.6165
 25-Oct-20210.5923
 18-Oct-20210.5620
 11-Oct-20210.5714
 04-Oct-20210.5968
 27-Sep-20210.5848
 20-Sep-20210.5675
 13-Sep-20210.5101
 06-Sep-20210.5223
 30-Aug-20210.5499
 23-Aug-20210.5140
 17-Aug-20210.6096
 09-Aug-20210.5511
 02-Aug-20210.5673
 26-Jul-20210.5668
 19-Jul-20210.5561
 12-Jul-20210.5501
 05-Jul-20210.5226
 28-Jun-20210.5339
 21-Jun-20210.5439
 14-Jun-20210.5454
 07-Jun-20210.5543
IDCW Monthly31-Oct-20212.4889

 30-Sep-20212.4102
 31-Aug-20212.4058
 01-Aug-20212.5643
 30-Jun-20212.4401
 31-May-20212.3887
 02-May-20212.3495
 04-Apr-20212.7330
 28-Feb-20212.1998
 31-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

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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