- Mutual Funds
- Axis Mutual Fund
- Axis Overnight Fund (Growth)
However, Scripbox does not recommend investing in 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.
Track Record
3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.
Relative Size
9,141 Cr. Large within the category
Impact of Interest Rate Changes
Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change
Credit Quality Of Fund's Portfolio
Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds
Scripbox Recommended Overnight Funds
Want the most stable overnight funds for your portfolio?
Learn more
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1131.93
NAV (Jun 23)
Fund Returns
Last 1Y | 3.4% |
Last 3Y | 3.7% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 3.8% |
6 Month CAGR | 1.8% |
Scheme Information
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 | 0.12 |
Launched (3y ago) | Mar 06, 2019 |
AUM in Crores | 9140.050 |
ISIN | INF846K01O23 |
Lock-in | No Lock-in |
Benchmark | Nifty 1D Rate Index |
SIP Minimum | 0 |
Lumpsum Min. | 5000 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Instrument | Returns | Total Corpus | Gains | Annualised % |
|---|---|---|---|---|
| Mutual Fund | 965,796 | 233,184 | 11.25% | |
| EPF | 900,761 | 168,149 | 8.50% | |
| Property | 867,662 | 135,050 | 7.00% | |
| PPF | 869,819 | 137,207 | 7.10% | |
| Bank FD | 846,471 | 113,859 | 6.00% | |
| Gold | 846,471 | 113,859 | 6.00% | |
| Savings Bank | 825,950 | 93,338 | 5.00% |
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
Top Debt Holdings
clearing corporation of india ltd
98.8%91 Days Treasury Bill 07-07-2022
1.1%net receivables / (payables)
0.1%Comparison with Debt Funds
| Fund Name | Scripbox Opinion | Fund Size | Track Record |
|---|---|---|---|
₹ 44,308 cr | |||
₹ 14,441 cr | |||
₹ 18,739 cr | |||
₹ 12,059 cr | |||
₹ 44,308 cr |
About the AMC
Axis Asset Management Company Limited
Axis Asset Management Company Limited manages assets worth 240,663 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 30 equity,101 debt and 35 hybrid funds.
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.2% | 7% | ||
13.4% | 4.2% | ||
6.4% | 7.6% | ||
9% | 11.4% | ||
5.7% | 7.2% |
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsAxis Overnight Fund (G) Review
Axis Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 3.8% over a period of 3 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 6/23/2022 is ₹1131.93 with the total AUM as of 6/24/2022 is ₹9140.05. 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 3 fund in Debt and delivered 3.4% 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)?
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 Neutral 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 0.12% for regular plan.