Formerly SBI Magnum Insta Cash Liq Flt Reg Wk DR
Top Ranked
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.
Track Record
19 Years. The fund has an Extended history for analysis and the track record is excellent.
Relative Size
15,773 Cr. Category leader in size
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
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
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Scheme Information
To provide the investors an opportunity to invest in overnight securities maturing on the next business day
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Low Risk
0.18 %
Expense Ratio
Oct 01, 2002
Launched (19y ago)
₹ 15,773
AUM in Crores
INF200K01LP1
ISIN
No Lock-in
Lock-in
CRISIL Overnight Index TR INR
Benchmark
₹ 0
SIP Minimum
₹ 5,000
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 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.
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
Comparison with Debt Funds
Ultra Short
Recommended
Top Ranked
17 Years
Age
Track Record
Ultra Short
Recommended
Top Ranked
22 Years
Age
Track Record
Liquid
Recommended
Top Ranked
17 Years
Age
Track Record
Liquid
Recommended
Top Ranked
18 Years
Age
Track Record
Low Duration
Recommended
Top Ranked
19 Years
Age
Track Record
About the AMC
SBI Funds Management Private Limited
SBI Funds Management Private Limited manages assets worth 363,720 crores and was set up on 7 February 1992. It's current offering of mutual fund schemes includes 75 equity,227 debt and 54 hybrid funds.
Ultra Short
Recommended
Top Ranked
₹ 11,019 Cr
Fund Size
7%
3Y returns
Ultra Short
Top Ranked
₹ 11,019 Cr
Fund Size
5.5%
3Y returns
Ultra Short
Top Ranked
₹ 11,019 Cr
Fund Size
5.5%
3Y returns
Ultra Short
Top Ranked
₹ 11,019 Cr
Fund Size
5.3%
3Y returns
Diversified
Top Ranked
₹ 12,519 Cr
Fund Size
13%
3Y returns
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
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SBI Overnight Fund (DR-W) is a overnight debt fund and has delivered an annualised return of 5.2% over a period of 19 years .The fund was previously known as SBI Magnum Insta Cash Liq Flt Reg Wk DR.The fund is managed by SBI Funds Management Private Limited.The fund manager’s name is R. Arun.
To provide the investors an opportunity to invest in overnight securities maturing on the next business day However, there is no assurance that the objective of the scheme will be realized.
The SBI Overnight Fund (DR-W) fund was launched on Oct 01, 2002. The NAV (Net Asset Value) of this overnight debt as of 2021-03-04 is ₹ 1059.1539. The total AUM (Asset Under Management) of the fund as of 2021-03-05 is ₹ 15772.446. The category risk of the SBI Overnight Fund (DR-W) fund is Low Risk. The fund charges 0.18 % as expense ratio.
The fund’s highest allocation is towards others and has invested 100.0% in this asset class. The top three holdings of the fund are treps,reverse repo and net receivable / payable
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 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.
SBI Overnight Fund (DR-W) has a score of 4 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, SBI Overnight Fund (DR-W) has a score of 5 out of 5. The credit risk of the fund is 5 out of 5 as compared to other debt funds.