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Indiabulls Overnight Fund - Direct 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 0.58 0.01 0.09 0.41 1.19 2.48 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.45 0.00 0.04 0.33 0.88 1.81 -- -- -- -- --
Debt: Overnight 0.59 0.01 0.09 0.41 1.21 2.50 -- -- -- -- --
Rank within category 26 12 24 24 24 20 -- -- -- -- --
Number of funds in category 28 30 30 29 27 23 10 3 3 3 0

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.11 (17-Jul-2019 - 24-Jul-2019) 0.07 (31-Dec-2019 - 07-Jan-2020)
Month 0.45 (09-Jul-2019 - 08-Aug-2019) 0.37 (08-Dec-2019 - 07-Jan-2020)
Quarter 1.32 (09-Jul-2019 - 08-Oct-2019) 1.18 (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* 5.69 0.27 0.48 0.76 0.36 0.60
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 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 4.88 5.57 4.82 --

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

*As on 31-Dec-2019

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 16-Feb-2020

Growth: ₹ 1,031.4810

Dividend Weekly: ₹ 1,001.7543

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Dividend Monthly: ₹ 1,003.1033

Dividend Fortnightly: ₹ 1,002.2146

Dividend Daily: ₹ 1,000.9676


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: 3.12%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 72 Cr (As on 31-Jan-2020)
Expense: 0.07% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Feb-20200.0966

 15-Feb-20200.0967
 14-Feb-20200.0973
 13-Feb-20200.0936
 12-Feb-20200.0943
 11-Feb-20200.0941
 10-Feb-20200.0941
 09-Feb-20200.0953
 08-Feb-20200.0954
 07-Feb-20200.0953
 06-Feb-20200.0946
 05-Feb-20200.0952
 04-Feb-20200.0945
 03-Feb-20200.0944
 02-Feb-20200.0970
 01-Feb-20200.0205
 31-Jan-20201.3961
 30-Jan-20200.0941
 29-Jan-20200.0952
 28-Jan-20200.0962
 27-Jan-20200.0952
 26-Jan-20200.0971
 25-Jan-20200.0970
 24-Jan-20200.0971
 23-Jan-20200.0961
Dividend Fortnightly10-Feb-20201.3754

 27-Jan-20201.9975
 10-Jan-20201.4727
 26-Dec-20191.2597
 10-Dec-20191.6556
 25-Nov-20191.2635
 11-Nov-20191.8037
 25-Oct-20191.2601
 10-Oct-20191.7589
 25-Sep-20191.3789
 11-Sep-20191.8794
 26-Aug-20191.3268
 13-Aug-20191.8393
 25-Jul-20191.8110
Dividend Weekly10-Feb-20200.6796

 03-Feb-20200.6769
 27-Jan-20200.6711
 20-Jan-20200.6493
 13-Jan-20200.6278
 06-Jan-20200.5929
 30-Dec-20190.6723
 23-Dec-20190.6541
 16-Dec-20190.5853
 09-Dec-20190.7172
 02-Dec-20190.6855
 25-Nov-20190.6214
 18-Nov-20190.7130
 11-Nov-20190.6568
 04-Nov-20190.5699
 29-Oct-20190.4140
 22-Oct-20190.6855
 14-Oct-20190.6975
 07-Oct-20190.6607
 30-Sep-20190.7585
 23-Sep-20190.6616
 16-Sep-20190.7081
 09-Sep-20190.5910
 03-Sep-20190.7734
 26-Aug-20190.7197
Dividend Monthly02-Feb-20203.0585

 31-Dec-20192.8274
 01-Dec-20193.0648
 31-Oct-20192.9777
 30-Sep-20192.9146
 02-Sep-20193.2104
 31-Jul-20192.3794

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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