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2 star

ITI 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 2.81 0.01 0.06 0.27 0.79 1.57 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 28 22 30 28 28 28 28 -- -- -- --
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)
ITI Overnight Fund - Direct Plan
2 star
Oct-19 3.09 -- -- 0.08% 16
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 0.09 18-Feb-2020 - 25-Feb-2020 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.40 25-Jan-2020 - 24-Feb-2020 0.19 23-Mar-2020 - 22-Apr-2020
Quarter 1.18 07-Nov-2019 - 06-Feb-2020 0.68 23-Mar-2020 - 22-Jun-2020
Year 3.68 28-Oct-2019 - 27-Oct-2020 2.93 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* 4.17 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 0.01 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: ₹ 1,072.3123

IDCW Yearly: ₹ 1,065.1738

More

IDCW Weekly: ₹ 1,001.4333

IDCW Monthly: ₹ 1,001.1762

IDCW Fortnightly: ₹ 1,001.1731

IDCW Daily: ₹ 1,001.0038


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: 3.39%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 16 Cr (As on 31-Oct-2021)
Expense: 0.08% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0870

 25-Nov-20210.0858
 24-Nov-20210.0884
 23-Nov-20210.0935
 22-Nov-20210.0968
 21-Nov-20210.0930
 20-Nov-20210.0929
 19-Nov-20210.0930
 18-Nov-20210.0929
 17-Nov-20210.0866
 16-Nov-20210.0863
 15-Nov-20210.0860
 14-Nov-20210.0866
 13-Nov-20210.0866
 12-Nov-20210.0866
 11-Nov-20210.0848
 10-Nov-20210.0857
 09-Nov-20210.0868
 08-Nov-20210.0868
 07-Nov-20210.0927
 06-Nov-20210.0926
 05-Nov-20210.0926
 04-Nov-20210.0927
 03-Nov-20210.0930
 02-Nov-20210.0885
IDCW Fortnightly25-Nov-20211.3304

 10-Nov-20211.4095
 25-Oct-20211.2002
 11-Oct-20211.1969
 27-Sep-20211.2014
 13-Sep-20211.5347
 25-Aug-20211.2312
 10-Aug-20211.2338
 26-Jul-20211.1897
 12-Jul-20211.5057
 25-Jun-20211.2846
 10-Jun-20211.3335
 25-May-20211.2835
 10-May-20210.1730
 10-Jun-20201.2459
 26-May-20201.1778
 11-May-20201.2729
 27-Apr-20201.0563
 13-Apr-20201.1037
 26-Mar-20201.0669
 11-Mar-20201.4013
 25-Feb-20201.4010
 10-Feb-20201.3486
 27-Jan-20201.6212
 10-Jan-20201.4071
IDCW Monthly25-Nov-20212.7442

 25-Oct-20212.3990
 27-Sep-20212.7344
 25-Aug-20212.4719
 26-Jul-20212.7035
 25-Jun-20212.6287
 25-May-20212.4914
 26-Apr-20212.6781
 25-Mar-20212.1360
 25-Feb-20212.4439
 25-Jan-20212.2890
 28-Dec-20202.6710
 25-Nov-20202.1994
 26-Oct-20202.5426
 25-Sep-20202.5434
 25-Aug-20202.5510
 27-Jul-20202.6159
 25-Jun-20202.3667
 26-May-20202.4151
 27-Apr-20202.1204
 26-Mar-20202.4394
 25-Feb-20202.7731
 27-Jan-20203.0199
 26-Dec-20192.8840
 25-Nov-20192.6038
IDCW Weekly22-Nov-20210.6439

 15-Nov-20210.5956
 08-Nov-20210.6301
 01-Nov-20210.6113
 25-Oct-20210.6182
 18-Oct-20210.5826
 11-Oct-20210.5678
 04-Oct-20210.6290
 27-Sep-20210.6003
 20-Sep-20210.6032
 13-Sep-20210.5725
 06-Sep-20210.5536
 30-Aug-20210.5734
 23-Aug-20210.4919
 17-Aug-20210.6566
 09-Aug-20210.5643
 02-Aug-20210.5900
 26-Jul-20210.5950
 19-Jul-20210.5959
 12-Jul-20210.5879
 05-Jul-20210.6627
 28-Jun-20210.5959
 21-Jun-20210.6029
 14-Jun-20210.5949
 07-Jun-20210.5818

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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