- Mutual Funds
- HDFC Mutual Funds
- HDFC Overnight fund (Growth)
Formerly HDFC Cash Mgmt Call Gr
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 3342.2657
NAV (Jun 8)
Fund Returns
Last 1Y | 5.8% |
Last 3Y | 4% |
Last 5Y | 4.5% |
Last 10Y | 5.8% |
Since Inception | 5.8% |
6 Month CAGR | 3.1% |
Scheme Information
To generate returns by investing in debt and money market instruments with overnight maturity. There is no assurance that the investment objective of the Scheme will be realized.
Expense Ratio | 0.2 |
Launched (21y ago) | Feb 06, 2002 |
AUM in Crores | 17405.615 |
ISIN | INF179KB1HS3 |
Lock-in | No Lock-in |
Benchmark | CRISIL Liquid Overnight TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.4 |
Standard Deviation (5yr) | 0.4 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -8.055 |
Sharpe Ratio (5yr) | -5.95 |
YTM | 6.81163 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| HDFC Overnight fund (Growth) | 8,15,934 | 83,322 | 4.5% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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
reverse repo
66.6%treps - tri-party repo
28.7%91 Days Treasury Bill 25-05-2023
1.1%182 Days Treasury Bill 08-06-2023
1.1%91 Days Treasury Bill 18-05-2023
0.7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,997 cr | ||
₹ 15,867 cr | ||
₹ 8,945 cr | ||
₹ 14,516 cr | ||
₹ 17,405 cr |
About the AMC
HDFC Asset Management Company Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
30.7% | 12.2% | ||
7.4% | 5.4% | ||
5.8% | 7.8% | ||
4% | 5.8% | ||
6.4% | 5.9% |
HDFC Overnight Fund (Growth) is open ended debt mutual fund scheme that invests in overnight fixed income earning securities. These securities are namely, debt instruments and money market instruments with an overnight maturity. The scheme invests its corpus in instruments such as Collateralised Borrowing & Lending Obligations (CBLO), overnight reverse repo and other fixed income securities. Overnight funds earn consistent short-term income that could be at par with overnight call rates. Moreover, an overnight fund is suitable for an investment horizon running from 1 year to 5 years depending on the investment objective of the investor.
Investment Objective of HDFC Overnight Fund (Growth)
The investment goal of HDFC Overnight Fund (Growth) is to generate returns by investing in debt and money market securities with an overnight maturity. The Scheme’s total assets will be invested in debt securities and money market instruments that are due to mature on or before the next Business Day. The Scheme’s investments would mostly be made in TREPS, overnight reverse repos, and fixed income securities/or instruments with an overnight maturity. The Scheme may invest in liquid funds that can be deployed immediately. There is no assurance that the investment objective of the Scheme will be realized.
Scheme Details of HDFC Overnight Fund (Growth)
HDFC Mutual Fund launched HDFC Overnight Fund (Growth) on 6th February 2002. The fund has been in existence for the past 20 years.
NAV and Returns – As of 14th April 2022, the Net Asset Value (NAV) of the scheme is Rs 3,139.35. The risk-o-meter of HDFC Overnight Fund (Growth) is low risk. While investing an investor must understand that the principal amount invested will be at low risk. Since its inception during these 20 years, the scheme has provided its investors with a return of 5.80%.
Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. However, the minimum amount for a SIP investment is Rs 1,000.
Expense Ratio – An expense ratio of 0.20% is charged on the units of the mutual funds.
Exit Load – Switching between Options within the same Plan within a Scheme will not incur any exit charges. Unless the investment was made directly, without the use of a distributor code, a switch to a Direct Plan within the same Scheme will be subject to the applicable exit load. However, there will be no exit load on any subsequent switch-outs or redemptions of such investments from the Direct Plan. Switching from the Direct Plan to the Non-Direct Plan within the same Scheme has no exit load. Any later switch out or redemption of such investment from the non-Direct Plan, on the other hand, will be subject to an exit load based on the date of initial investment in the Direct Plan. Switching investments between Plans in a Scheme with multiple portfolios is subject to the applicable exit load. On Bonus Units and Units issued on Re-investment of Income Distribution or Capital Withdrawal, there would be no exit load. Under the Transfer of Income Distribution cum Capital Withdrawal (IDCW) Plan Facility, no exit load will be imposed on Units issued under the Target Scheme (TIP Facility).
Fund Manager – Sankalp Baid and Anil Bamboli manage the fund. Anil Bamboli possesses a degree of B. Com, Grad CWA, MMS (Finance), CFA (CFA Institute). He has over 26 years of experience in Fund Management and Research, Fixed Income dealing.
Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 14th April 2022, the AUM of HDFC Overnight Fund (Growth) is Rs 12,085.262 cr. The fund benchmarks to CRISIL Overnight Index TR INR. The suitable investment horizon for an investor is 1 year to 5 years.
Growth Review
Scripbox recommends HDFC Overnight Fund (Growth) for investment within the liquid-debt mutual fund category. The funds in this category comprise debt instruments that have a maturity of one day. Launched in 2002, the fund has the highest average assets under management at Rs. 8,667 crores, compared to its category peers. We believe that the fund manager has maintained a strong and steady credit quality profile over the last five years. The fund has the lowest market determined risk (Liquidity risk & Credit risk), as measured by the YTM’s standard deviation. The 3-year daily rolling returns over the last five years is 4.74%, which is among the best in the category. Overall, the fund manager has ensured safety, without overtly compromising on returns.
- With a past performance of 20 years, the fund has an extended history for analysis and the track record is excellent.
- With an AUM or relative size of Rs 12,085.262 cr, the scheme is the leader within the category of the overnight mutual fund.
- With the lowest credit risk, the fund has a very high quality in comparison to other funds within similar categories.
- The impact of interest rate fluctuations is very low. This suggests that the fund has the lowest interest rate risk.
Fund Performance
Annualised Returns
| Period | Returns |
| 10 Years | 6% |
| 5 Years | 4.60% |
| 3 Years | 3.70% |
| 1 Year | 3.20% |
Asset Allocation
| Debt Holding | Percentage of Holding |
| Treps – Tri-Party Repo | 60.50% |
| Reverse Repo | 35.60% |
| 364 Days Treasury Bill 14-04-2022 | 1.20% |
| Net Current Assets | 1% |
| 5.09% Govt Stock 2022 | 0.80% |
| 91 Days Treasury Bill 21-04-2022 | 0.70% |
| 364 Days Treasury Bill 21-04-2022 | 0.20% |
Frequently Asked Questions
Overnight funds invest in debt instruments that have a one-day maturity. They’re ideal for making a marginal additional return with idle funds in the bank. You can put money in these funds that you have set aside for any unexpected requirements or any money that you won’t need for a few days to a year. Moreover, an overnight fund is suitable for an investment horizon running from 1 year to 5 years depending on the investment objective of the investor.
Being a debt oriented fund, HDFC Overnight Fund (Growth) is taxed under capital gains. On redemption of the units of the scheme, the investor will either earn LTCG or STCG. A long term capital gain will arise if units are sold after 3 years. The long term capital gain is taxable at the rate of 20% with the benefit of indexation. A short term capital gain will arise if units are sold before 3 years. The total capital gain is taxable at the applicable slab rate. The STCG will be added to the gross total income for the financial year.
HDFC Overnight Fund (Growth) charges an expense ratio of 0.20% on the units of the mutual funds.
No, HDFC Overnight Fund (Growth) charges exit load. Switching between Options within the same Plan within a Scheme will not incur any exit charges. Unless the investment was made directly, without the use of a distributor code, a switch to a Direct Plan within the same Scheme will be subject to the applicable exit load. However, there will be no exit load on any subsequent switch-outs or redemptions of such investments from the Direct Plan. Switching from the Direct Plan to the Non-Direct Plan within the same Scheme has no exit load. Any later switch out or redemption of such investment from the non-Direct Plan, on the other hand, will be subject to an exit load based on the date of the initial investment in the Direct Plan.
Switching investments between Plans in a Scheme with multiple portfolios is subject to the applicable exit load. On Bonus Units and Units issued on Re-investment of Income Distribution or Capital Withdrawal, there would be no exit load. Under the Transfer of Income Distribution cum Capital Withdrawal (IDCW) Plan Facility, no exit load will be imposed on Units issued under the Target Scheme (TIP Facility).