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  • Axis Overnight Fund (Growth)
Axis Mutual Fund

Axis Overnight Fund (Growth)

DebtOvernight
Top Ranked

1274.9802

NAV (May 23)

5.3%
3 Year CAGR
Scripbox Opinion
Top Ranked
These are the top-ranked funds within overnight mutual funds.

Overnight Funds invest in securities with a maturity of 1 day.

These investments have very low interest rate risk; however this also reduces return.

The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Good

The performance of the fund on a Fund Size metric has been Good

Rolling Returns

Category Leader

The fund has been a Category Leader on the Rolling Returns metric

Scripbox Recommended Overnight Funds
Want the most stable overnight funds for your portfolio?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1274.9802

NAV (May 23)

Fund Returns

Last 1Y
6.8%
Last 3Y
5.3%
Last 5Y
4.7%
Last 10Y
NA
Since Inception
4.8%
6 Month CAGR
3.4%

Scheme Information

Investment Objective

The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity,through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However,there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Expense Ratio
0.11
Launched (5y ago)
Mar 06, 2019
AUM in Crores
10266.845
ISIN
INF846K01O23
Lock-in
No Lock-in
Benchmark
Nifty 1D Rate Index
SIP Minimum
0
Lumpsum Min.
5000
Standard Deviation (3yr)
0.4
Standard Deviation (5yr)
0.4
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-13.302
Sharpe Ratio (5yr)
-4.69
YTM
6.65
Fund Managers

Sachin Jain

Fund Manager

Aditya Pagaria

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Axis Overnight Fund (Growth)70%8,19,921 87,3094.7%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-05-23

Top Debt Holdings

clearing corporation of india ltd

96.1%
96.1%

182 Days Treasury Bill 23-05-2024

1.5%
1.5%

364 Days Treasury Bill 23-05-2024

1.1%
1.1%

india (republic of)

1%
1%

net receivables / (payables)

0.3%
0.3%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,984 cr

₹ 10,779 cr

₹ 49,300 cr

₹ 14,459 cr

₹ 14,796 cr

amc-img

About the AMC

Axis Asset Management Company Limited

Axis Asset Management Company Limited manages assets worth 297,862 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 62 equity,113 debt and 32 hybrid funds.amc-img
phone-img022-43255161
Fund NameScripbox Opinion
Till Date CAGR

4.9%

7.9%

5.7%

7%

5.9%

8%

5.8%

7%

-

5.1%

Axis Overnight Fund (G) Review

Axis Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 4.8% over a period of 5 years. The fund is managed by Axis Asset Management Company Limited. The fund managers are Aditya Pagaria, Sachin Jain.

Nav of Axis Overnight Fund (G) as of 5/23/2024 is ₹1274.98 with the total AUM as of 5/24/2024 is ₹10266.845. With Scripbox you can compare and check the latest nav for all mutual funds in India. Axis Overnight Fund (G) was launched on Mar 06, 2019. The category risk of the fund is Low Risk.

The minimum SIP amount for Axis Overnight Fund (G) is ₹0 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

Axis Overnight Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty 1D Rate Index.

Axis Overnight Fund (G) is rated as a 4 fund in Debt and delivered 6.8% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Axis Overnight Fund (G).

Frequently Asked Questions

What is Axis Overnight Fund (G)?

Axis Overnight Fund (G) is a Overnight Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Axis Overnight Fund (G)?

You can invest in Axis Overnight Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Axis Overnight Fund (G)?

The minimum sip amount for Axis Overnight Fund (G) is ₹0. You can invest in multiples of ₹5000.

Is Axis Overnight Fund (G) good to invest in?

As per Scripbox experts, Axis Overnight Fund (G) is a Top Ranked fund. You can investAxis Overnight Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Axis Overnight Fund (G)?

The expense ratio of the Axis Overnight Fund (G) is 0.11% for regular plan.