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2 star

ITI 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 2.71 0.01 0.06 0.26 0.76 1.52 2.99 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.78 0.01 0.07 0.27 0.78 1.56 3.07 -- -- -- --
Rank within category 28 22 30 28 28 28 28 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

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)
ITI Overnight Fund - Regular Plan
2 star
Oct-19 2.99 -- -- 0.18% 16
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.12 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.13 4.51 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.09 -- -- 0.16% 757

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.09 18-Feb-2020 - 25-Feb-2020 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.39 24-Jan-2020 - 23-Feb-2020 0.18 23-Mar-2020 - 22-Apr-2020
Quarter 1.16 15-Dec-2019 - 15-Mar-2020 0.65 23-Mar-2020 - 22-Jun-2020
Year 3.58 28-Oct-2019 - 27-Oct-2020 2.82 23-Mar-2020 - 23-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* 4.01 0.36 0.38 2.00 0.61 0.52
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 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.30 3.30 2.48 --
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

— George Heber Joseph since 09-Oct-2019

Education: Mr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.

Experience: Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.

Funds Managed:

— Vikrant Mehta since 18-Jan-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, 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 28-Nov-2021

Growth: ₹ 1,070.0658

IDCW Yearly: ₹ 1,003.4037

More

IDCW Weekly: ₹ 1,003.5185

IDCW Monthly: ₹ 1,001.1654

IDCW Fortnightly: ₹ 1,001.1706

IDCW Daily: ₹ 1,001.0000


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 25-Oct-2019
Return Since Launch: 3.28%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 16 Cr (As on 31-Oct-2021)
Expense: 0.18% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily28-Nov-20210.0836

 27-Nov-20210.0835
 26-Nov-20210.0836
 25-Nov-20210.0820
 24-Nov-20210.0846
 23-Nov-20210.0897
 22-Nov-20210.0928
 21-Nov-20210.0891
 20-Nov-20210.0891
 19-Nov-20210.0891
 18-Nov-20210.0892
 17-Nov-20210.0826
 16-Nov-20210.0825
 15-Nov-20210.0821
 14-Nov-20210.0828
 13-Nov-20210.0828
 12-Nov-20210.0828
 11-Nov-20210.0810
 10-Nov-20210.0819
 09-Nov-20210.0829
 08-Nov-20210.0830
 07-Nov-20210.0888
 06-Nov-20210.0889
 05-Nov-20210.0888
 04-Nov-20210.0889
IDCW Fortnightly25-Nov-20211.2708

 10-Nov-20211.3608
 25-Oct-20211.1478
 11-Oct-20211.1556
 27-Sep-20211.1527
 13-Sep-20211.4750
 25-Aug-20211.1755
 10-Aug-20211.1818
 26-Jul-20211.1405
 12-Jul-20211.4396
 25-Jun-20211.2341
 10-Jun-20211.3041
 25-May-20211.2704
 10-May-20211.1481
 26-Apr-20211.1439
 12-Apr-20211.4650
 25-Mar-20211.0289
 10-Mar-20211.0612
 25-Feb-20211.0366
 10-Feb-20211.2907
 25-Jan-20211.1112
 11-Jan-20211.0668
 28-Dec-20201.4281
 10-Dec-20201.1143
 25-Nov-20200.9882
IDCW Monthly25-Nov-20212.6656

 25-Oct-20212.3311
 27-Sep-20212.6590
 25-Aug-20212.3893
 26-Jul-20212.6236
 25-Jun-20212.5480
 25-May-20212.4002
 26-Apr-20212.5892
 25-Mar-20212.0548
 25-Feb-20212.3495
 25-Jan-20212.2099
 28-Dec-20202.5678
 25-Nov-20202.1143
 26-Oct-20202.4783
 25-Sep-20202.4806
 25-Aug-20202.4968
 27-Jul-20202.5537
 25-Jun-20202.3064
 26-May-20202.3550
 27-Apr-20202.0562
 26-Mar-20202.3976
 25-Feb-20202.7009
 27-Jan-20202.9001
 26-Dec-20192.8182
 25-Nov-20192.5264
IDCW Weekly22-Nov-20212.5117

 15-Nov-20211.4006
 08-Nov-20211.4006
 01-Nov-20210.4747
 25-Oct-20210.4747
 18-Oct-20210.4747
 11-Oct-20210.4747
 04-Oct-20210.4747
 27-Sep-20210.4747
 20-Sep-20210.4747
 13-Sep-20210.4747
 06-Sep-20210.4747
 30-Aug-20210.4747
 23-Aug-20210.4769
 17-Aug-20210.6290
 09-Aug-20210.5448
 02-Aug-20210.5646
 26-Jul-20210.5730
 19-Jul-20210.5758
 12-Jul-20210.5692
 05-Jul-20210.6384
 28-Jun-20210.5747
 21-Jun-20210.5832
 14-Jun-20210.5727
 07-Jun-20210.5603

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.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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