Formerly Nippon India Overnight Reg Qt DR
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.
3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.
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
NAV (Oct 26)
6 Month CAGR
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 to Moderate
Launched (3y ago)
|Dec 18, 2018|
AUM in Crores
|CRISIL Overnight Index TR INR|
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 9,65,796||₹ 2,33,184||11.25%|
|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.
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 13,509 cr
₹ 33,192 cr
₹ 11,590 cr
₹ 33,722 cr
₹ 22,849 cr
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.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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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
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.
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.
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
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.
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) 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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