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  • HDFC Overnight fund (Growth)

Formerly HDFC Cash Mgmt Call Gr

HDFC Mutual Funds

HDFC Overnight fund (Growth)

DebtOvernight
Recommended
Top Ranked

3567.398

NAV (Jun 11)

5.3%
3 Year CAGR
Scripbox Opinion
Recommended
HDFC Overnight fund (Growth) is recommended for investment within overnight mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Rolling Returns

Good

The performance of the fund on a Rolling Returns metric has been Good

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

3567.398

NAV (Jun 11)

Fund Returns

Last 1Y
6.7%
Last 3Y
5.3%
Last 5Y
4.6%
Last 10Y
5.6%
Since Inception
5.9%
6 Month CAGR
3.3%

Scheme Information

Investment Objective

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
0.19
Launched (22y ago)
Feb 06, 2002
AUM in Crores
11144.032
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)
-20.901
Sharpe Ratio (5yr)
-5.67
YTM
6.40603
Fund Managers

Anil Bamboli

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
HDFC Overnight fund (Growth)70%8,17,924 85,3124.6%
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 2024-06-11

Top Debt Holdings

reverse repo

72.1%
72.1%

treps - tri-party repo

22.8%
22.8%

364 Days Treasury Bill 23-05-2024

1.5%
1.5%

india (republic of)

0.8%
0.8%

91 Days Treasury Bill 23-05-2024

0.8%
0.8%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 26 60 40 fund (G)
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 26 60 40 fund (G)

₹ 10,797 cr

₹ 4,984 cr

₹ 49,300 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

HDFC Asset Management Company Limited

HDFC Asset Management Co Ltd manages assets worth 700,396 crores and was set up on 3 July 2000. It's current offering of mutual fund schemes includes 62 equity,190 debt and 30 hybrid funds.amc-img
phone-img1800 3010 6767/ 1800 419 7676 (Toll-free)
Fund NameScripbox Opinion
Till Date CAGR

24.4%

13.2%

12.2%

6.4%

6%

7.8%

5.3%

5.9%

6.4%

6%

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.

  1. With a past performance of 20 years, the fund has an extended history for analysis and the track record is excellent.
  2. 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.
  3. With the lowest credit risk, the fund has a very high quality in comparison to other funds within similar categories.
  4. The impact of interest rate fluctuations is very low. This suggests that the fund has the lowest interest rate risk.

Fund Performance

Annualised Returns

PeriodReturns
10 Years6%
5 Years4.60%
3 Years3.70%
1 Year3.20%
The above mentioned data is as of 14th April 2022

Asset Allocation

Debt HoldingPercentage of Holding
Treps – Tri-Party Repo60.50%
Reverse Repo35.60%
364 Days Treasury Bill 14-04-20221.20%
Net Current Assets1%
5.09% Govt Stock 20220.80%
91 Days Treasury Bill 21-04-20220.70%
364 Days Treasury Bill 21-04-20220.20%
The above mentioned data is as of 14th April 2022

Frequently Asked Questions

Who Should Invest in HDFC Overnight Fund (Growth)?

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. 

What is the tax on HDFC Overnight Fund (Growth)?

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.

What is the expense ratio on HDFC Overnight Fund (Growth)?

HDFC Overnight Fund (Growth) charges an expense ratio of 0.20% on the units of the mutual funds. 

Does HDFC Overnight Fund (Growth) charge exit load?

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).

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