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
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -- | 0.01 | 0.05 | 0.23 | 0.76 | 1.54 | -- | -- | -- | -- | -- |
| CCIL T Bill Liquidity Weight | -- | -0.02 | 0.05 | 0.19 | 0.59 | 1.18 | -- | -- | -- | -- | -- |
| Debt: Overnight | -- | 0.01 | 0.05 | 0.22 | 0.72 | 1.47 | -- | -- | -- | -- | -- |
| Rank within category | -- | 2 | 11 | 1 | 2 | 2 | -- | -- | -- | -- | -- |
| Number of funds in category | 28 | 30 | 30 | 30 | 30 | 30 | 27 | 3 | 3 | 3 | 3 |
As on 01-Dec-2020
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| BOI AXA Overnight Fund - Regular Plan | Invest Online | Jan-20 | -- | -- | -- | 0.17 | 108 | |
| UTI Overnight Fund - Regular Plan | Invest Online |  |
Dec-03 | 3.50 | 4.91 | 5.77 | 0.12 | 5,709 |
| Nippon India Overnight Fund - Regular Plan | |
Dec-18 | 3.49 | -- | -- | 0.19 | 3,926 |
| Axis Overnight Fund - Regular Plan | |
Mar-19 | 3.51 | -- | -- | 0.12 | 3,890 |
| DSP Overnight Fund - Regular Plan | Invest Online |  |
Jan-19 | 3.62 | -- | -- | 0.17 | 1,992 |
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 0.10 (18-Feb-2020 - 25-Feb-2020) | 0.04 (30-Mar-2020 - 06-Apr-2020) |
| Month | 0.40 (04-Feb-2020 - 05-Mar-2020) | 0.24 (28-Oct-2020 - 27-Nov-2020) |
| Quarter | 1.06 (28-Jan-2020 - 28-Apr-2020) | 0.76 (28-Aug-2020 - 27-Nov-2020) |
| Year | -- ( - ) | -- ( - ) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | -- | -- | -- | -- | -- | -- |
| CCIL T Bill Liquidity Weight* | 3.83 | 0.33 | -3.20 | -6.41 | -- | -- |
| Debt: Overnight* | 4.81 | 0.38 | -0.21 | -0.35 | 0.54 | 0.50 |
| 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-2020
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | -- | -- | -- | -- |
| Modified Duration (yrs) | 0.01 | 0.10 | 0.00 | -- |
| Average Maturity (yrs) | 0.01 | 0.01 | 0.00 | -- |
| Yield to Maturity (%) | 2.81 | 5.05 | 2.00 | -- |
| Avg Credit Rating | Cash | -- | -- | -- |
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| The underlying data is unavailable. |
As on 31-Oct-2020
— Amit Modani since 27-Jan-2020
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Funds Managed:
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The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | -- |
| Minimum No of Cheques | -- |
| Minimum Withdrawal (₹) | 1,000 |
| Minimum Balance (₹) | -- |
| Exit Load | 0 |
| Fund House: | BOI AXA Mutual Fund |
| Launch Date: | 28-Jan-2020 |
| Return Since Launch: | 2.95% |
| Benchmark: | CRISIL Overnight Index |
| Riskometer: | Low |
| Type: | Open-ended |
| Assets: | ₹ 108 Cr (As on 31-Oct-2020) |
| Expense: | 0.17% (As on 31-Oct-2020) |
| Risk Grade: | -- |
| Return Grade: | -- |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Daily | 30-Sep-2020 | 0.0864 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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AMC: BOI AXA Investment Managers Private Ltd.
Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013
Email: [email protected]
Website: http://www.boiaxamf.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
Saturday, 05-Dec-2020
04:00 PM - 04:30 PM