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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:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||--||0.30||0.89||--||--||--||--|
|Rank within category||--||18||18||--||--||--||--|
|Number of funds in category||7||27||25||6||3||3||3|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||0.43 (19-Jul-2019 - 18-Aug-2019)||0.38 (01-Oct-2019 - 31-Oct-2019)|
|Quarter||1.27 (19-Jul-2019 - 18-Oct-2019)||1.23 (10-Aug-2019 - 09-Nov-2019)|
|Year||-- ( - )||-- ( - )|
|CCIL T Bill Liquidity Weight*||4.11||0.25||-6.57||-10.84||--||--|
|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 30-Nov-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||2||3||1||1|
|Modified Duration (yrs)||--||--||--||0.01|
|Average Maturity (yrs)||0.00||0.00||0.00||0.01|
|Yield to Maturity (%)||4.85||5.61||4.84||4.94|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reliance Retail Ltd. 59-D 02/12/2019||Commercial Paper||A1+||0.00 - 4.56||4.56|
|Reliance Jio Infocomm 62-D 02/12/2019||Commercial Paper||A1+||0.00 - 4.56||4.56|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
Education: Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience: Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
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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/residual maturity of 1 business day.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||--|
|Fund House:||LIC Mutual Fund|
|Benchmark:||NIFTY 1D Rate TRI|
|Assets:||₹ 329 Cr (As on 30-Nov-2019)|
|Expense:||0.20% (As on 30-Nov-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: LIC Mutual Fund Asset Management Company Ltd
Address: Industrial Assurance Building 4th Floor, Opp. Churchgate Station Mumbai - 400020
Phone: 022-66016000 / 1800-258-5678
Email: [email protected]
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
Email: [email protected]