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  • Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q)

Formerly Nippon India Overnight Reg Qt DR

Nippon Mutual Fund

Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q)

DebtOvernight

100.5164

NAV (Oct 26)

3.4%
Till Date CAGR
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.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.

Relative Size

5,819 Cr. Large 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

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Short Term Money

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.

  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Historical NAV

100.5164

NAV (Oct 26)

Fund Returns

Last 1Y
3%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
3.4%
6 Month CAGR
1.5%
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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

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low Risk

Expense Ratio
0.19
Launched (3y ago)
Dec 18, 2018
AUM in Crores
5818.836
ISIN
INF204KB1R23
Lock-in
No Lock-in
Benchmark
CRISIL Overnight Index TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Fund Managers
user-avatar

Anju Chhajer

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
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.

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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.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
Kotak Savings Fund (G)

Kotak Savings Fund (G)

recommended-badge

₹ 13,509 cr

5

recommended-badge

₹ 33,192 cr

5

recommended-badge

₹ 11,590 cr

5

recommended-badge

₹ 33,722 cr

5

recommended-badge

₹ 22,849 cr

5

amc-icon

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 239,926 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 90 equity,369 debt and 34 hybrid funds.

amc-img

  • tel-amc-about
    022-33031000
  • mail-amc-about
    customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    5%

    7%

    recommended-badge

    28.6%

    22.8%

    top-ranked-badge

    4.3%

    6.7%

    top-ranked-badge

    27.2%

    22.5%

    top-ranked-badge

    3.4%

    5.4%

    growth

    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.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step 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.

    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Sub-asset Class View

    Sub-asset Class View

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

    Fund Performance

    Fund Performance

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

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Impact of Interest Rates

    Impact of Interest Rates

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

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    About Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q)

    About Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q)

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) is a Overnight Debt fund and has delivered an annualised return of 3.4% over a period of 2 years. The fund was previously known as Nippon India Overnight Reg Qt DR . The fund is managed by Nippon Life India Asset Management Ltd. The fund manager’s name is Anju Chhajer

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) 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 . However, there is no assurance that the objective of the scheme will be realized.

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) NAV,AUM,Risk

    The Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) fund was launched on Dec 18, 2018. The NAV (Net Asset Value) of this Overnight Debt fund as of 2021-10-26 is ₹100.52. The total AUM (Asset Under Management) of the fund as of 27/10/2021 is ₹5818.836. The category risk of the Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) fund is Low Risk. The fund charges 0.19 % as expense ratio.

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) Holdings

    The fund’s highest allocation is towards Others and has invested 100% in this asset class. The top three holdings of the fund are , reverse repo , triparty repo , cash margin - ccil

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) Sip

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

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) 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.

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) Review

    Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) has a score of 3 on a scale of 5. The fund has a score of 2 out of 5 based on historical performance. As compared to the other funds in its category, Nippon India Overnight Fund Inc Dist cum Cap Wdrl (RIDCW-Q) has a score of 4out of 5 The credit risk of the fund is 5 out of 5 as compared to other debt funds.

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