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  • Nippon Mutual Fund
  • Nippon India Overnight Fund (Growth)

Formerly Reliance Overnight Reg Gr

Nippon Mutual Fund

Nippon India Overnight Fund (Growth)

DebtOvernight
Top Ranked

128.92

NAV (May 14)

5.2%
3 Year CAGR
Scripbox Opinion
Top Ranked
These are the top-ranked funds within 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 fundLearn how we rate funds ->

Fund Size

Satisfactory

The performance of the fund on a Fund Size metric has been Satisfactory

Rolling Returns

Category Leader

The fund has been a Category Leader on the Rolling Returns metric

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

128.92

NAV (May 14)

Fund Returns

Last 1Y
6.7%
Last 3Y
5.2%
Last 5Y
4.7%
Last 10Y
NA
Since Inception
4.8%
6 Month CAGR
3.3%

Scheme Information

Investment Objective

To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. However,there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Expense Ratio
0.17
Launched (6y ago)
Dec 18, 2018
AUM in Crores
6456.543
ISIN
INF204KB1Q65
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)
-18.312
Sharpe Ratio (5yr)
-5.504
YTM
7.25
Fund Managers

Siddharth Deb

Fund Manager

Anju Chhajer

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Nippon India Overnight Fund (Growth)70%8,19,921 87,3094.7%
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 2024-05-14

Top Debt Holdings

reverse repo

90%
90%

6.75% corporate bond repo (md 02-05-2024)

3.1%
3.1%

net current assets

1.6%
1.6%

triparty repo

1.6%
1.6%

364 Days Treasury Bill 02-05-2024

1.5%
1.5%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,963 cr

₹ 10,480 cr

₹ 43,472 cr

₹ 14,482 cr

₹ 14,796 cr

amc-img

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 367,746 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 105 equity,425 debt and 71 hybrid funds.amc-img
phone-img022-33031000
Fund NameScripbox Opinion
Till Date CAGR

5.5%

6.9%

5.5%

6.7%

5.5%

5.8%

5.5%

6.7%

5.5%

5.8%

Nippon India Overnight Fund (G) Review

Nippon India Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 4.8% over a period of 5 years. The fund was previously known as Reliance Overnight Reg Gr. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Anju Chhajer, Siddharth Deb.

Nav of Nippon India Overnight Fund (G) as of 5/14/2024 is ₹128.92 with the total AUM as of 5/15/2024 is ₹6456.543. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Overnight Fund (G) was launched on Dec 18, 2018. The category risk of the fund is Low Risk.

The minimum SIP amount for Nippon India Overnight Fund (G) is ₹1000 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.

Nippon India 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 CRISIL Liquid Overnight TR INR.

Nippon India Overnight Fund (G) is rated as a 4 fund in Debt and delivered 6.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Nippon India Overnight Fund (G).

Frequently Asked Questions

What is Nippon India Overnight Fund (G)?

Nippon India Overnight Fund (G) is a Overnight Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Nippon India Overnight Fund (G)?

You can invest in Nippon India 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 Nippon India Overnight Fund (G)?

The minimum sip amount for Nippon India Overnight Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is Nippon India Overnight Fund (G) good to invest in?

As per Scripbox experts, Nippon India Overnight Fund (G) is a Top Ranked fund. You can investNippon India 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 Nippon India Overnight Fund (G)?

The expense ratio of the Nippon India Overnight Fund (G) is 0.17% for regular plan.