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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 1.55 0.01 0.06 0.24 0.75 1.90 -- -- -- -- --
CCIL T Bill Liquidity Weight 1.77 -0.01 0.01 0.24 1.17 1.99 -- -- -- -- --
Debt: Overnight 1.60 0.01 0.06 0.25 0.79 1.96 -- -- -- -- --
Rank within category 24 27 28 24 24 23 -- -- -- -- --
Number of funds in category 28 30 30 30 30 27 18 3 3 3 3

As on 03-Jun-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) 0.76 (28-Feb-2020 - 29-May-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.15 0.27 -4.64 -8.65 -- --
Debt: Overnight* 5.26 0.30 -0.47 -0.55 0.13 0.03
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-May-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

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Top Holdings

The underlying data is unavailable.

As on 30-Apr-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 03-Jun-2020

Growth: ₹ 1,040.6451

Dividend Weekly: ₹ 1,001.0595

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Dividend Monthly: ₹ 1,000.9185

Dividend Fortnightly: ₹ 1,001.4942

Dividend Daily: ₹ 1,000.9174


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: 4.06%
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 Daily02-Jun-20200.0714

 01-Jun-20200.0822
 31-May-20200.0734
 30-May-20200.0825
 29-May-20200.0726
 28-May-20200.0814
 27-May-20200.0762
 26-May-20200.0714
 25-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
Dividend Monthly31-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
Dividend Weekly01-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
 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
Dividend Fortnightly26-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
 11-Sep-20191.6054
 26-Aug-20191.2916
 13-Aug-20191.9865
 25-Jul-20191.7058

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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dateFriday, 12-Jun-2020
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