Overnight funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
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.
Expense Ratio | 0.09 % |
Launched 5Y ago | 2020-01-28 |
AUM in Crores | 144.1 |
ISIN | INF761K01EU7 |
Lock-in (days) | No Lock-in |
Benchmark | CRISIL Liquid Overnight Index |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation | 0.2 |
Beta | 0.5 |
Sharpe Ratio | 0.2 |
YTM | - |
Others
96.78%Reserve Bank of India
3.17%Others
0.05%Fund Name | Fund Size | |
---|---|---|
₹ 4,818 cr | ||
₹ 9,709 cr | ||
₹ 49,517 cr | ||
₹ 14,948 cr | ||
₹ 7,671 cr |