- Mutual Funds
- Nippon Mutual Fund
- Nippon India Overnight Fund (RIDCW-M)
Formerly Nippon India Overnight Reg Mn DR
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 100.5099
NAV (Apr 17)
Fund Returns
Last 1Y | 6.7% |
Last 3Y | 5.1% |
Last 5Y | 4.4% |
Last 10Y | NA |
Since Inception | 4.4% |
6 Month CAGR | 3.3% |
Scheme Information
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 | 4903.100 |
ISIN | INF204KB1R07 |
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) | -7.633 |
Sharpe Ratio (5yr) | -3.838 |
YTM | 6.73 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Overnight Fund (RIDCW-M) | 8,13,950 | 81,338 | 4.4% | |
| 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
86%7.65% corporate bond repo (md 02-04-2024)
7.1%91 Days Treasury Bill 11-04-2024
3.1%364 Days Treasury Bill 18-04-2024
1%india (republic of)
0.8%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Nippon Life India Asset Management Ltd
| Fund Name | Scripbox 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 (RIDCW-M) Review
Nippon India Overnight Fund (RIDCW-M) is a Overnight Debt fund and has delivered an annualised return of 4.4% over a period of 5 years. The fund was previously known as Nippon India Overnight Reg Mn DR. 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 (RIDCW-M) as of 4/17/2024 is ₹100.51 with the total AUM as of 4/18/2024 is ₹4903.1. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Overnight Fund (RIDCW-M) was launched on Dec 18, 2018. The category risk of the fund is Low Risk.
The minimum SIP amount for Nippon India Overnight Fund (RIDCW-M) 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 (RIDCW-M) 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 (RIDCW-M) 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 (RIDCW-M).
Frequently Asked Questions
What is Nippon India Overnight Fund (RIDCW-M)?
How to invest in Nippon India Overnight Fund (RIDCW-M)?
You can invest in Nippon India Overnight Fund (RIDCW-M) 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 (RIDCW-M)?
The minimum sip amount for Nippon India Overnight Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is Nippon India Overnight Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Nippon India Overnight Fund (RIDCW-M) is a Top Ranked fund. You can investNippon India Overnight Fund (RIDCW-M) 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 (RIDCW-M)?
The expense ratio of the Nippon India Overnight Fund (RIDCW-M) is 0.17% for regular plan.