- Mutual Funds
- SBI Mutual Fund
- SBI Overnight Fund Direct Growth
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.
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.
Scheme Information
The scheme seeks to provide the investors an opportunity to invest in overnight securities maturing on the next business day.
Expense Ratio | 0.07 % |
Launched | - |
AUM in Crores | 21498.5 |
ISIN | INF200K01TK5 |
Lock-in (days) | No Lock-in |
Benchmark | CRISIL Liquid Overnight Index |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation | 0.3 |
Beta | 0.5 |
Sharpe Ratio | -0.4 |
YTM | - |
Asset allocation and Holdings
Top Debt Holdings
Others
57.13%Others
39.46%Reserve Bank of India
2.04%Reserve Bank of India
0.81%Others
0.56%
Comparison with Debt Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 4,714 cr | ||
₹ 4,444 cr | ||
₹ 15,117 cr | ||
₹ 12,517 cr | ||
₹ 55,112 cr |
