fund-logo

BOI AXA Overnight Fund (Growth)

Debt

Overnight

₹ 1026.48

NAV (OCT 25)

Scripbox Opinion

Neutral

Click here for top ranked funds in overnight mutual funds.

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.

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

0 Years

The fund has insufficient history for analysis. We recommend funds with longer history.

Relative Size

48 Cr

Negligible 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

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

Learn why choose a plan over a fund ->
  • Historical growth rate of 6.50% per annum
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
Start Investing Now

Join 75,000+ smart investors who enjoy automatic investing with Scripbox

Historical NAV

1026.48

NAV (OCT 25)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 6.25%
Start Investing Now

Scheme Information

Investment Objective

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However,there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns.

Low

Moderately Low

Moderate

Moderately High

High

Low Risk

0.17%

Expense Ratio

28th Jan, 2020

Launched (0y ago)

₹ 48

AUM in Crores

INF761K01EZ6

No Lock-in

CRISIL Overnight Index TR INR

Benchmark

₹ 0

SIP Minimum

₹ 5000

Lumpsum Min.

Fund Managers

Amit Modani

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

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 25th October 2020

Top Stock Holdings

Repo

99%

Net Receivables / (Payables)

1%
See all holdings
allocation by market cap

Comparison with Debt Funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Indicative returns of 6.50% annually
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 6.25%
Start Investing Now
How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

Equity Funds

Debt Funds

How to invest in best mutual funds?

Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

group-img

Choose a plan

Choose a plan to invest to start investing

invest-img

Invest online & transfer

Make instant payment or setup your investment for a later date

track-img

Track your investments

Mutual fund companies allot you units and send confirmation via email & SMS. The same gets updated in your Scripbox Account

mark
The Scripbox Promise

Scripbox has helped over 2500 people become millionaires in the last 7 years

Start Investing Now
portion

Fund Selection

You'll never have to worry about what funds to choose. We'll suggest what's best for you.

cup

Continuous monitoring alerts

We will track our recommendations and suggest changes fund exists whenever required.

archery-target

All week call assistance

Our customer champions are available 7 days a week from 8AM to 8PM.

savings

Annual reviews rebalances

We review your investments and make course corrections every year to make the best out of your investments

About BOI AXA Overnight Fund (Growth)

About BOI AXA Overnight Fund (Growth)

BOI AXA Overnight Fund (Growth) is a Overnight Debt fund and has delivered an annualised return of 2.62% over a period of 0 years. The fund is managed by BOI AXA Investment Mngrs Private Ltd. The fund manager’s name is Amit Modani.

BOI AXA Overnight Fund (Growth) Investment Objective

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However,there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns. However, there is no assurance that the objective of the scheme will be realized.

BOI AXA Overnight Fund (Growth) NAV, AUM and Risk

The fund was launched on 2020-01-28. The NAV of the fund as of 2020-10-25 is ₹ 1026.48. The total AUM of the fund as of 2020-10-25 is ₹ 48 Cr. The category risk of the fund is Low Risk

The fund charges 0.17 % as expense ratio.

BOI AXA Overnight Fund (Growth) Holdings

The fund’s highest allocation is towards others and has invested 100.0% in this asset class. The top three holdings of the fund are repo and net receivables / (payables).

BOI AXA Overnight Fund (Growth) SIP

The minimum SIP(Systematic Investment Plan) amount for this 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.

BOI AXA Overnight Fund (Growth) Investment volatility and Horizon

This fund 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 CRISIL Overnight Index TR INR.