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4 star

Canara Robeco 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 0.46 0.01 0.05 0.24 0.74 1.50 3.15 -- -- -- --
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 -- -- -- --
Debt: Overnight 0.45 0.01 0.05 0.24 0.73 1.47 3.04 -- -- -- --
Rank within category 9 5 21 11 9 5 5 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 3 3 3 3

As on 26-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Overnight Fund - Regular Plan  | Invest Online
4 star
Jul-19 3.15 -- -- 0.12 201
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.08 -- -- 0.12 6,875
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.07 4.84 5.66 0.12 6,043
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.04 -- -- 0.19 5,278
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.17 -- -- 0.19 2,037

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 24-Jul-2019 - 31-Jul-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.44 24-Jul-2019 - 23-Aug-2019 0.23 03-Nov-2020 - 03-Dec-2020
Quarter 1.28 24-Jul-2019 - 23-Oct-2019 0.73 15-Oct-2020 - 14-Jan-2021
Year 4.34 24-Jul-2019 - 23-Jul-2020 3.13 29-Feb-2020 - 28-Feb-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.72 0.36 -2.62 -5.07 -- --
Debt: Overnight* 4.70 0.39 0.02 -0.01 0.58 0.58
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.01 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.23 4.90 0.80 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-2021


--

Change from previous, NAV as on 28-Feb-2021

Growth: ₹ 1,062.3941

Dividend Daily: ₹ 1,001.0000


Investment Strategy

The Scheme seeks to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 24-Jul-2019
Return Since Launch: 3.85%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 201 Cr (As on 31-Jan-2021)
Expense: 0.12% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily28-Feb-20210.0846

 27-Feb-20210.0846
 26-Feb-20210.0841
 25-Feb-20210.0787
 24-Feb-20210.0762
 23-Feb-20210.0764
 22-Feb-20210.0771
 21-Feb-20210.0601
 20-Feb-20210.0602
 19-Feb-20210.0601
 18-Feb-20210.0602
 17-Feb-20210.0644
 16-Feb-20210.0730
 15-Feb-20210.0801
 14-Feb-20210.0816
 13-Feb-20210.0816
 12-Feb-20210.0816
 11-Feb-20210.0833
 10-Feb-20210.0848
 09-Feb-20210.0846
 08-Feb-20210.0837
 07-Feb-20210.0842
 06-Feb-20210.0842
 05-Feb-20210.0842
 04-Feb-20210.0828

Contact Information

AMC: Canara Robeco Asset Management Company Ltd

Address: 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001

Phone: 022-22621371/ 66585000 / 665850010

Fax: 022-66585012

Email: [email protected]

Website: http://www.canararobeco.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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