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4 star

Canara Robeco 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 2.90 0.01 0.06 0.27 0.79 1.58 3.14 -- -- -- --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 -- -- -- --
Debt: Overnight 2.91 0.01 0.06 0.27 0.80 1.59 3.16 -- -- -- --
Rank within category 24 22 26 16 21 23 25 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 02-Dec-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 - Direct Plan  | Invest Online
4 star
Jul-19 3.14 -- -- 0.10% 206
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 3.15 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.23 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.23 -- -- 0.12% 508

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 04-Nov-2020 - 04-Dec-2020
Quarter 1.30 24-Jul-2019 - 23-Oct-2019 0.73 15-Oct-2020 - 14-Jan-2021
Year 4.37 24-Jul-2019 - 23-Jul-2020 3.05 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 4.09 0.37 0.83 4.28 0.63 0.69
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.31 3.37 2.78 --
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-Oct-2021

Fund Manager

— Suman Prasad since 19-Jul-2019

Education: Mrs. Prasad is B.Sc and PGDMS.

Experience: She has been associated with Canara Robeco since 1996.

Funds Managed:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 1,088.4765

IDCW Daily: ₹ 1,001.0006


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: 3.66%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 206 Cr (As on 31-Oct-2021)
Expense: 0.10% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Dec-20210.0859

 01-Dec-20210.0865
 30-Nov-20210.0895
 29-Nov-20210.0878
 28-Nov-20210.0862
 27-Nov-20210.0862
 26-Nov-20210.0862
 25-Nov-20210.0854
 24-Nov-20210.0875
 23-Nov-20210.0990
 22-Nov-20210.1039
 21-Nov-20210.0987
 20-Nov-20210.0987
 19-Nov-20210.0987
 18-Nov-20210.0987
 17-Nov-20210.0866
 16-Nov-20210.0869
 15-Nov-20210.0866
 14-Nov-20210.0860
 13-Nov-20210.0860
 12-Nov-20210.0861
 11-Nov-20210.0850
 10-Nov-20210.0865
 09-Nov-20210.0872
 08-Nov-20210.0874

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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