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1 star

Indiabulls Overnight Fund - Direct 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 2.80 0.01 0.06 0.27 0.78 1.56 3.09 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.86 0.01 0.07 0.28 0.80 1.60 3.16 -- -- -- --
Rank within category 29 27 29 29 29 29 29 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

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 - Direct Plan
1 star
Jul-19 3.09 -- -- 0.10% 197
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
Edelweiss Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.14 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.22 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.22 -- -- 0.12% 508

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 17-Jul-2019 - 24-Jul-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.45 09-Jul-2019 - 08-Aug-2019 0.17 25-Mar-2020 - 24-Apr-2020
Quarter 1.32 09-Jul-2019 - 08-Oct-2019 0.66 25-Mar-2020 - 24-Jun-2020
Year 4.35 09-Jul-2019 - 08-Jul-2020 2.92 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* 4.17 0.38 0.81 4.39 0.65 0.71
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 27-Nov-2021

Growth: ₹ 1,089.1156

IDCW Weekly: ₹ 1,001.8350

More

IDCW Monthly: ₹ 1,003.1570

IDCW Fortnightly: ₹ 1,001.5478

IDCW Daily: ₹ 1,000.9932


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: 3.63%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 197 Cr (As on 31-Oct-2021)
Expense: 0.10% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0859

 25-Nov-20210.0859
 24-Nov-20210.0859
 23-Nov-20210.0919
 22-Nov-20210.0979
 21-Nov-20210.0939
 20-Nov-20210.0939
 19-Nov-20210.0939
 18-Nov-20210.0939
 17-Nov-20210.0859
 16-Nov-20210.0859
 15-Nov-20210.0859
 14-Nov-20210.0859
 13-Nov-20210.0859
 12-Nov-20210.0859
 11-Nov-20210.0839
 10-Nov-20210.0859
 09-Nov-20210.0899
 08-Nov-20210.0819
 07-Nov-20210.0919
 06-Nov-20210.0919
 05-Nov-20210.0919
 04-Nov-20210.0919
 03-Nov-20210.0919
 02-Nov-20210.0879
IDCW Fortnightly25-Nov-20211.0399

 10-Nov-20211.5886
 25-Oct-20211.0629
 11-Oct-20210.7705
 27-Sep-20211.4813
 13-Sep-20211.2358
 25-Aug-20211.5235
 10-Aug-20211.1922
 26-Jul-20210.7848
 12-Jul-20211.4504
 25-Jun-20210.8942
 10-Jun-20211.4722
 25-May-20211.3221
 10-May-20211.2604
 26-Apr-20211.2937
 12-Apr-20211.3399
 25-Mar-20211.0997
 10-Mar-20211.0955
 25-Feb-20210.8850
 10-Feb-20211.0713
 26-Jan-20210.9895
 25-Jan-20210.9895
 11-Jan-20211.1061
 28-Dec-20201.3062
 10-Dec-20201.1097
IDCW Weekly22-Nov-20210.7825

 15-Nov-20210.6505
 08-Nov-20210.5714
 01-Nov-20210.4492
 25-Oct-20210.8801
 18-Oct-20210.7797
 11-Oct-20210.7217
 04-Oct-20210.6690
 27-Sep-20210.5730
 20-Sep-20210.4781
 13-Sep-20210.3933
 06-Sep-20210.3343
 30-Aug-20210.8310
 23-Aug-20210.7675
 17-Aug-20210.7892
 09-Aug-20210.6561
 02-Aug-20210.5992
 26-Jul-20210.5668
 19-Jul-20210.6227
 12-Jul-20210.6822
 05-Jul-20210.4240
 28-Jun-20210.4929
 21-Jun-20210.5554
 14-Jun-20210.6147
 07-Jun-20210.6806
IDCW Monthly31-Oct-20212.6853

 30-Sep-20212.4235
 31-Aug-20212.5233
 01-Aug-20212.6702
 30-Jun-20212.4680
 31-May-20212.4951
 02-May-20212.4517
 04-Apr-20212.9193
 28-Feb-20212.2281
 31-Jan-20212.7226
 31-Dec-20202.6860
 30-Nov-20202.3811
 01-Nov-20202.6530
 30-Sep-20202.5031
 31-Aug-20202.4694
 02-Aug-20202.7087
 30-Jun-20202.3339
 31-May-20202.3386
 03-May-20202.5174
 02-Apr-20203.3207
 01-Mar-20202.7368
 02-Feb-20203.0585
 31-Dec-20192.8274
 01-Dec-20193.0648
 31-Oct-20192.9777

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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