Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl

Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 2 November, 2018. The fund is managed by Kaustubh Gupta. This fund is suitable to keep your money safe.

1. Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has ₹7698 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 3.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.03%, 4.72% and 4.06% respectively.

Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 Days Tbill, 364 DTB 23052025

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate reasonable income through investments in debt securities, Money Market Instruments & Tri-party Repos having maturity of 1 day.The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. Aditya Birla Sun Life Overnight Fund Direct Daily Reinvestment Inc Dist cum Cap Wdrl has no lock in period.