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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.
The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity,through investments made primarily in overnight securities having maturity of 1 business day. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Low
Moderately Low
Moderate
Moderately High
High
Low Risk
0.21%
Expense Ratio
27th Mar, 2019
Launched (1y ago)
₹
1,960
AUM in Crores
INF277K016T9
ISIN
No Lock-in
Lock-in
CRISIL Overnight Index TR INR
Benchmark
₹
1000
SIP Minimum
₹
5000
Lumpsum Min.
Fund Managers
Amit Somani
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
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.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
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?
Recommended
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.
Top Ranked
These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.
Not Recommended
Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are
preferred
Category View
We check if the sub-category of the fund is recommended by us
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack
Track Record
We look at consistent and long historical performance for our analysis
Relative 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
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Equity Funds
Debt Funds
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Scripbox has helped over 2500 people become millionaires in the last 7
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You'll never have to worry about what funds to choose. We'll suggest
what's best for you.
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We will track our recommendations and suggest changes fund exists
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About Tata Overnight Fund (Growth)
About Tata Overnight Fund (Growth)
Tata Overnight Fund (Growth) is a Overnight Debt fund and has delivered an annualised return of 4.44% over a period of 1 years.
The fund is managed by Tata Asset Management Limited.
The fund manager’s name is Amit Somani.
Tata Overnight Fund (Growth) Investment Objective
The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity,through investments made primarily in overnight securities having maturity of 1 business day. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
However, there is no assurance that the objective of the scheme will be realized.
Tata Overnight Fund (Growth) NAV, AUM and Risk
The fund was launched on 2019-03-27. The NAV of the fund as of 2020-09-28 is ₹ 1067.79. The total AUM of the fund as of 2020-09-28 is ₹ 1,960 Cr. The category risk of the fund is Low Risk
The fund charges 0.21 % as expense ratio.
Tata Overnight Fund (Growth) Holdings
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 b) repo, (a) treps and cash / net current asset.
Tata Overnight Fund (Growth) 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.
Tata Overnight Fund (Growth) 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.
